When I was beginning my work career, the thought of working for the government was a big "Ewwwww... for losers".
NOW look what' we've got.
Here Comes The US VAT Tax....
- Thread starter libertad
- Start date
When I was beginning my work career, the thought of working for the government was a big "Ewwwww... for losers".
NOW look what' we've got.
True. Wouldn't be able to get clean if I thought about being a "parasite... producing NOTHING, just sucking the blood of the hard working and productive".
I really don't have a problem with the VAT - IF it replaced the current income tax system (or at least exempted most from income tax). But they would stack this VAT on top of our current income tax system
Has anyone read this book?
http://www.amazon.com/100-Million-U...=sr_1_1?ie=UTF8&s=books&qid=1254338109&sr=1-1
-Guru
Another reason to support a VAT, not enough rope to hang all these clowns
Quote from listedguru:
I really don't have a problem with the VAT - IF it replaced the current income tax system (or at least exempted most from income tax). But they would stack this VAT on top of our current income tax system
Has anyone read this book?
http://www.amazon.com/100-Million-U...=sr_1_1?ie=UTF8&s=books&qid=1254338109&sr=1-1
-Guru
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1000% Correct....
There should only be a 15% C tax....
10% to the state
5% to the FED
No other taxes
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Why ?
Because this would "over night" by the stroke of a pen enable more head on price competition with BRIC....
Eliminate the IRS
The two party joke of a democracy by
advertising political lobbyist system would be eliminated by default....because the states not the FED would control all expenditures...
Corps. from all over the world would have to domicile in the US to remain competitive.....and jobs would be produced such that there would be a shortage of workers....
What does the US govt. do...?
Just the opposite.....
And by doing so....tax revenues would explode to the upside....
Which is better .....70% of 1000....
or 15% of several $Trillion....
The US govt. Harvard Queens think that 70% of 1000 > 15% of several $Trillion....
The US govt. thinks that it is better to suppress human freedoms rather than enhance them....
You decide.....
With tax revenues from capital gains, and from dividends, almost completely drying up, along with declining income tax revenues -- where else is the government going to get any money other than taxxing consumption directly??
The beast is rapidly starving itself, by having eaten all of the plants that could have provided the seeds for future growth.
The beast is rapidly starving itself, by having eaten all of the plants that could have provided the seeds for future growth.
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1000% correct .....
check this out...
http://en.wikipedia.org/wiki/Tax_rates_around_the_world
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If one wants to/has to.... compete via a manufacturing base....
Then one must do so from a competitive edge....
A 10/5 C tax would out compete most peers on this list....
This is not complicated....
Another area that has to be reduced is legal largess....ie why John Edwards ambulance chaser has money....
........................................
There would be no IRS
No need or use for tax havens
There would be labor shortages in the US....all corps. would have to have a US domicile to be competitive....
The initial downward $ movement would even make the US more competitive in the LR....
The US would enter its GOLDEN AGE....
the likes of which it has never experienced before....
Never before has human freedom been
greater than it would be in the new tax system....
The two party lobbyist system would be replaced by state mandates....
And the tax take would dwarf needed
revenue tables....
Add Glass Stegal....
Provide a new direct access electronic securties exchange that is based on BATS....de-fragmented....
Then Presto....A New US....