I will refer you to this thread:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=196333&perpage=6&pagenumber=1
Where you are posting under multiple user names. In any case, troll, you are now on ignore so don't bother responding to me.
Abolish the Income Tax: Steve Forbes and Peter Schiff
- Thread starter achilles28
- Start date
I will refer you to this thread:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=196333&perpage=6&pagenumber=1
Where you are posting under multiple user names. In any case, troll, you are now on ignore so don't bother responding to me.
you still need a graduated income tax schedule, just not one that's as wide as it will become once the tax cuts expire. i think the brackets should be 10%, 15%, 20%, 25% and 30%.
rich people pay a ton more than poor people, but it's not like rich people don't benefit from it. taxes are used to fund the military and education and parks and libraries, etc. it's in rich people's interests to keep these strong.
we can compress the tax brackets by reducing crap entitlement programs, shrinking government, expanding the death penalty, and eliminating food and healthcare for hardcore inmates
rich people pay a ton more than poor people, but it's not like rich people don't benefit from it. taxes are used to fund the military and education and parks and libraries, etc. it's in rich people's interests to keep these strong.
we can compress the tax brackets by reducing crap entitlement programs, shrinking government, expanding the death penalty, and eliminating food and healthcare for hardcore inmates
Iâll tell you who benefits from this system of expanding and tightening the money supply. As traders we benefit. We should all benefit from these boom bust cycles.
Investors and mom and pop donât benefit. And these so called financial geniuses on wall street are really to dam stupid to detach themselves from the buzz and end up loosing but count on the Fed to bail them out. Goldman Sachs would be out of business if it were not for the Fed. The run had started and they were toast. There stock was in free fall.
Smart educated people are the worst traders, why because they think there smart, and there to proud to admit there wrong. Women make excellent traders. There smart and very cunning. I know I have been married for 21 years.
Now Iâm not all about money, I donât crave it, or desire it. I just like to trade. I would rather loose my job at this then see the current crooks drain the unsuspecting mainly the elderly. The seniors are the ones who truly loose in this rigged system
God Bless America!
Investors and mom and pop donât benefit. And these so called financial geniuses on wall street are really to dam stupid to detach themselves from the buzz and end up loosing but count on the Fed to bail them out. Goldman Sachs would be out of business if it were not for the Fed. The run had started and they were toast. There stock was in free fall.
Smart educated people are the worst traders, why because they think there smart, and there to proud to admit there wrong. Women make excellent traders. There smart and very cunning. I know I have been married for 21 years.
Now Iâm not all about money, I donât crave it, or desire it. I just like to trade. I would rather loose my job at this then see the current crooks drain the unsuspecting mainly the elderly. The seniors are the ones who truly loose in this rigged system
God Bless America!
Well I burned my fajitas on the grill wasting my precious time here.
this is exactly what i said in another thread. i love these boom/bust cycles because it's a way for smart, savvy traders and investors to get rich. the only people who don't like these cycles are 9-to-5 losers (who are now unemployed) who haven't figured out how to exploit them, or newbies who don't understand equities markets or bubbles.
M
morganist
I forgot to mention. The guy who leads the UKLibertarian party is called Chris Mounsey he has a blog called the Devil's Kitchen.
I am not going to read this whole thread because it's been covered so many times. Has anyone considered that approx. 70% of the GDP is based on consumer spending? When you go to a consumption tax what do you think is going to immediately happen? Ppl are going to freak out at what things cost. This will cause a short term recession.
When you visit a foreign country you consider your purchases harder when VAT is approx. 19%, roughly double the US sales tax. I am actually for a consumption tax, a flat tax, but don't think the lobbying forces for CPA and tax related ppl. are just going to sit back and support that. There is a lot of money made of the current dysfunctional system.
People don't change until they feel enough pain. It's human nature. There isn't enough pain to motivate change, yet, maybe in a couple of years.
Post Edit: How will do with online sales loopholes? Many skate that tax all the time. Few states are closing it yet.
When you visit a foreign country you consider your purchases harder when VAT is approx. 19%, roughly double the US sales tax. I am actually for a consumption tax, a flat tax, but don't think the lobbying forces for CPA and tax related ppl. are just going to sit back and support that. There is a lot of money made of the current dysfunctional system.
People don't change until they feel enough pain. It's human nature. There isn't enough pain to motivate change, yet, maybe in a couple of years.
Post Edit: How will do with online sales loopholes? Many skate that tax all the time. Few states are closing it yet.