Debt Free America Act. H.R. 4646

Quote from PocketChange:

Interesting...

Proposing a 1% transaction tax on every transaction, eliminating income tax.

This is stupid, if you eliminate income tax, then rich become richer and poor become poorer

Just like in 3rd world countries

USA currently has the best tax system ever. I hope this will never be changed.
 
Quote from misterno:

This is stupid, if you eliminate income tax, then rich become richer and poor become poorer

Just like in 3rd world countries

USA currently has the best tax system ever. I hope this will never be changed.

It is a problem that the rich become richer and the poor become poorer because, in time, you have a really, really bitter mass of poor people and eventually you have a violent revolution.

However, I view it as a law of the universe (like gravity) that the rich become richer and the poor become poorer. It makes sense that having money gives you more opportunities. I will say this for America though, even starting out very poor, with drive, ambition, imagination, intelligence, luck, you can do very, very well for yourself. The opportunity is still there.
 
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