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From: Dave Head on 4 Jul 2010 04:27 On Sun, 04 Jul 2010 01:19:36 GMT, russotto(a)grace.speakeasy.net (Matthew Russotto) wrote: >In article <j5bt26dbl4p5rmicds9c2vdg1ohe726bln(a)4ax.com>, >Dave Head <rally2xs(a)att.net> wrote: >> >> >>On Sat, 03 Jul 2010 02:07:09 GMT, russotto(a)grace.speakeasy.net >>(Matthew Russotto) wrote: >> >>>In article <rsog26pt4odipidjv8p1cklbk8i185n5mj(a)4ax.com>, >>>Dave Head <rally2xs(a)att.net> wrote: >>>> >>>> >>>>>Replacing the income tax only means we get the replacement AND the >>>>>income tax. The income tax will return. >>>> >>>>Maybe, if we're weak. >>> >>>Don't be ridiculous. Not "if we're weak". In fact, it won't return; >>>it'll just never go away. Were you to get your replacement tax >>>passed, they start the new tax on Year 1 and "phase out" the old tax >>>by Year 5. Then some "emergency" would happen during the "phase out" >>>and it would end up indefinitely postponed. >> >>Yep, well, then the Fair Tax sunsets on the 7th year. You won't have >>both. > >Don't be silly; Congress just passes a law eliminating the sunset. The income tax is horrid, and to implement the Fair Tax, they would necessarily have to agree to repeal of the 16th Amendment at the time of passage and they would have to nuke the IRS at the outset. That means that year 7, if they do as you suggest, they would have to re-pass legislation to bring back the IRS. Do you think that would actually happen? Maybe, but only if the Fair Tax didn't deliver what was expected. But if the economy is booming like it should be under the Fair Tax, I don't think they could politically make that same mistake a 2nd time and bring back the root cause of America's decline in the world marketplace. I mean, everybody knows these income taxes are bad - what do they do 1st thing out of the box when they want to stimulate the economy somehow? They'll reduce the capital gains tax, or give some other kind of tax break, etc.
From: Brent on 4 Jul 2010 17:24 On 2010-07-04, Dave Head <rally2xs(a)att.net> wrote: > On Sun, 04 Jul 2010 01:14:54 GMT, russotto(a)grace.speakeasy.net > (Matthew Russotto) wrote: > >>In article <8rat26lhm744fgn5vs471jpii1qkb92n80(a)4ax.com>, >>Dave Head <rally2xs(a)att.net> wrote: >>> >>> >>>On Sat, 03 Jul 2010 02:18:55 GMT, russotto(a)grace.speakeasy.net >>>(Matthew Russotto) wrote: >>>> >>>>A fluke. A crazy idea that just happened to work, unlike the many >>>>other crazy ideas they've tried, before and since -- the 1993 WTC >>>>bombing, the shoe bomber, the Christmas bomber, etc. And that one won't work >>>>again. >>> >>>They're not dumb. >> >>Yes, they are. And insane, too. Doesn't mean they aren't dangerous. > > No, they're not. A lot of them have gone to US Universities, have > engineering degrees, and can figure out how to build IED triggers that > avoid US jammers if the get their hands on the secret jammer > documentation that appears on Wikileaks sometime, and build their > radio triggers on some frequency that doesn't get jammed. They know > electronics, and physics, and all that stuff. They build improvised > rockets out of acetelyene tank bottles and the motors from regular > rockets. Yeah, they're dangerous. What would you do if it was your city that was occupied?
From: Howard Brazee on 5 Jul 2010 15:30 On Mon, 5 Jul 2010 15:45:32 +0000 (UTC), Brent <tetraethylleadREMOVETHIS(a)yahoo.com> wrote: >What percentage of your income goes to taxes? Total up all the taxes you >pay. Property tax is a fancy way of saying you rent your land/buildings >from the government. Take a look... if it's around a third your a serf. >If it's around a half or more you're a slave. Adding up all the taxes we pay directly vastly underestimates the total cost. We pay for the taxes businesses pay when we buy their products. And we certainly pay for deficit budgets. Right now 93% of the federal budget goes for defense, social security, & interest. Politically we can't do anything about social security. We can't tell our debtors we won't pay interest. And Congress keeps voting raises for soldiers even with the Pentagon begging it not to (the Pentagon wants some money left to buy weapons). Certainly finishing off foreign wars will help our economy tremendously, but in the long term, we need to make sure that we pay off debt before inflation hits again making the interest more dear. Who doesn't believe we will have inflation soon? -- "In no part of the constitution is more wisdom to be found, than in the clause which confides the question of war or peace to the legislature, and not to the executive department." - James Madison
From: Brent on 5 Jul 2010 17:40
On 2010-07-05, Howard Brazee <howard(a)brazee.net> wrote: > On Mon, 5 Jul 2010 15:45:32 +0000 (UTC), Brent ><tetraethylleadREMOVETHIS(a)yahoo.com> wrote: > >>What percentage of your income goes to taxes? Total up all the taxes you >>pay. Property tax is a fancy way of saying you rent your land/buildings >>from the government. Take a look... if it's around a third your a serf. >>If it's around a half or more you're a slave. > > Adding up all the taxes we pay directly vastly underestimates the > total cost. We pay for the taxes businesses pay when we buy their > products. And we certainly pay for deficit budgets. Of course it does. There is also the inflation tax. > Right now 93% of the federal budget goes for defense, social security, > & interest. Politically we can't do anything about social > security. We can't tell our debtors we won't pay interest. And > Congress keeps voting raises for soldiers even with the Pentagon > begging it not to (the Pentagon wants some money left to buy weapons). > > Certainly finishing off foreign wars will help our economy > tremendously, but in the long term, we need to make sure that we pay > off debt before inflation hits again making the interest more dear. > Who doesn't believe we will have inflation soon? Long term, certainly. I hope for short term deflation, but that hope is looking dim as more facts pile in. |