Your solution is to tax people's savings? Tax "money storage", so that would be banks, right?
Vivien Send a noteboard - 21/09/2011 10:29:36 PM
This is a terrible idea, it doesn't take much imagination to see the what profoundly bad effects it would have on both micro and macro scales. Just accept that a pure flat tax is a theoretical fantasy thing. The best we can do is have some taxes that are regressive and some that are progressive.
[Oh and if there was a savings tax the savvy rich folk would have minimal savings, they would just "buy" goods that are liquid and store money that way. And a quick google search tells me that there is no sales tax on gold]
[Oh and if there was a savings tax the savvy rich folk would have minimal savings, they would just "buy" goods that are liquid and store money that way. And a quick google search tells me that there is no sales tax on gold]
Keep in mind that sales tax is only regressive if it assumes a poor person pays a higher percentage of their income in taxes than a rich one, and a progressive vice-versa. On paper sales tax is neither, as everyone spends all their money eventually and pays the same rate on it, and you can even tax savings by treating 'money storage' as a product/service you buy, but you can make it progressive by just exempting certain basic necessities as exempt and certain clear luxuries at a higher rate. Not that I'm a huge national sales tax fan, but it has possibilities and can be made progressive.
Ok so increasing taxes on people making 1million+ is also NOT ok with Republicans
- 18/09/2011 04:43:29 PM
1051 Views
You act surprised, this has been said since the beginning, openly and repeatedly
- 18/09/2011 05:48:57 PM
479 Views
is this pledge legally binding?
- 18/09/2011 06:52:44 PM
419 Views
Re: is this pledge legally binding?
- 18/09/2011 08:14:49 PM
598 Views
That's rather easy though, isn't it?
- 18/09/2011 09:02:49 PM
612 Views
Not really
- 18/09/2011 10:02:12 PM
568 Views
Many will find any pledge unreasonable.
- 19/09/2011 07:01:20 AM
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Too bad for them, any pledge stands or falls on its own merits just like in real life
- 19/09/2011 08:35:13 PM
483 Views
If elected I pledge not to post on the RPMB. 
- 20/09/2011 01:54:00 PM
648 Views
- 20/09/2011 01:54:00 PM
648 Views
That didn't really make sense
- 20/09/2011 07:26:40 PM
588 Views
Sure it does: Pledging to do what one wanted to do anyway is rhetoric, not principle.
- 20/09/2011 08:04:25 PM
617 Views
Now you're debating with the definition of the word
- 20/09/2011 08:22:53 PM
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No, I accept the definition of the word, but reject cynical abuse of it.
- 21/09/2011 01:37:01 AM
648 Views
Could have done with out the kegger imagery But this just makes it your opinion
- 21/09/2011 02:10:47 AM
558 Views
But this just makes it your opinion
- 21/09/2011 02:10:47 AM
558 Views
There is a problem with compromise in this situation and lot of it the way it is being framed
- 19/09/2011 02:57:32 PM
589 Views
and if a republican becomes president, i'm sure all taxes will go up in 2013
- 20/09/2011 04:39:21 PM
657 Views
Well, I'm glad they've at least raised the income range they were discussing. *NM*
- 18/09/2011 06:10:57 PM
278 Views
This really doesn't address what Buffet was talking about, but that's not a surprise either.
- 18/09/2011 08:35:25 PM
435 Views
Simple change the law so capital gains are considered income, that will increase taxes on the rich *NM*
- 19/09/2011 01:21:41 AM
249 Views
They are already.
- 19/09/2011 02:42:08 AM
409 Views
Maybe I should be clearer
- 19/09/2011 02:59:34 AM
571 Views
I've long felt the capital gains rate has ruined public companies
- 19/09/2011 05:13:40 AM
472 Views
Actually, I think you AND Tom, as well as Isaac, are right.
- 19/09/2011 07:13:56 AM
696 Views
Class warfare doesn't work.....if it did, the R's would not have kicked butt in 2010
- 19/09/2011 03:21:17 PM
479 Views
"If there's a class war in this country, my class is winning."--Warren Buffet
- 20/09/2011 07:54:45 PM
607 Views
There should be a set tax percentage that every US citizen pays. *NM*
- 19/09/2011 01:25:13 PM
289 Views
+1 - a flat tax, with no or limited deductions is the way to go *NM*
- 19/09/2011 03:16:53 PM
237 Views
Agreed
- 19/09/2011 03:46:47 PM
567 Views
"Deserve's got nothin' to do with it."
- 20/09/2011 02:48:19 PM
541 Views
I fully advocate massive cuts to both entitlement programs and military spending *NM*
- 20/09/2011 11:53:10 PM
274 Views
And every child should be adequately fed and recieve a good education *NM*
- 19/09/2011 10:40:58 PM
243 Views
Why not a fixed wage for all US workers; then the problem solves itself. 
- 20/09/2011 01:56:35 PM
443 Views
- 20/09/2011 01:56:35 PM
443 Views
That works if you get rid of regressive taxes like the sales tax.
- 21/09/2011 04:34:07 PM
455 Views
a lot of people don't seem to understand that sales tax is a regressive tax
- 21/09/2011 04:44:16 PM
515 Views
It doesn't have to be
- 21/09/2011 07:45:31 PM
609 Views
Your solution is to tax people's savings? Tax "money storage", so that would be banks, right?
- 21/09/2011 10:29:36 PM
585 Views