I don't see it as inconsistent with the Declaration. Of course, you probably understand it better than the guys who wrote it and adopted it.
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Romney and representation without taxation
- Thread starter nursebee
- Start date
I don't see it as inconsistent with the Declaration. Of course, you probably understand it better than the guys who wrote it and adopted it.
That would solve a lot of the countries ills and take us back to sensible government. However, the entrenched entitlement crowd is too large now to ever let something this fair be enacted.Quote from Tsing Tao:
Simply extend the tax paying requirement to include property tax as well. For those who pay no tax at all (income, property or whatever) they should have no vote as they have no skin in the game. Sales tax does not count.
Quote from Martinghoul:
Sure... I think we have discussed this and I wholeheartedly agree with the principle. The question for me, as I said, is how to apply the principle in a consistent way that makes sense. For example, what do you do about the elderly retirees? What do you do about the genuinely disabled (for example, soldiers who have been disabled in the line of duty)?
This is pretty easy, imo. A tax return that denotes private taxable income (not government income), basically entitles the bearer to vote. Retirees who live solely off a Government pension (and therefore, pay only taxes on a Government pension), do not get to vote. Disabled veterans get to vote regardless of source income (they paid their dues in blood).
I hear ya about the quote. Still a good one.
Yeah, this makes sense... And yes, I also think that more consumption tax, less income tax in the US makes a lot of sense.Quote from achilles28:
This is pretty easy, imo. A tax return that denotes private taxable income (not government income), basically entitles the bearer to vote. Retirees who live solely off a Government pension (and therefore, pay only taxes on a Government pension), do not get to vote. Disabled veterans get to vote regardless of source income (they paid their dues in blood).
I hear ya about the quote. Still a good one.
Quote from Martinghoul:
Yeah, this makes sense... And yes, I also think that more consumption tax, less income tax in the US makes a lot of sense.
If a person follows the money, from one transaction to the next, the Government takes nearly the entire dollar spent after the 4th or 5th changing of hands. In my mind, that has a huge deadweight effect on velocity or the multiplier. A consumption tax rewards savings and has a much smaller footprint on the national income. Anyway. How's trading going?
Yeah, agreed. In general, like I mentioned in an older thread, for a mature economy like the US, it would make a lot of sense to create more of an incentive to invest, rather than consume.Quote from achilles28:
If a person follows the money, from one transaction to the next, the Government takes nearly the entire dollar spent after the 4th or 5th changing of hands. In my mind, that has a huge deadweight effect on velocity or the multiplier. A consumption tax rewards savings and has a much smaller footprint on the national income. Anyway. How's trading going?
As to trading, it's been a quiet summer, but September has been rather hectic, as you'd expect.