The IRS is changing paycheck withholding, and it'll be a doozy

submitted by HeyImSancho from msn.com

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[–]HeyImSancho[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (13 children)

Yes, I'm for a total repeal of regulations, and most taxes down to the bare minimum. I really think it's about time for all people the world over, to have peaceful revolts; simply by not complying, learning the word, "No".

Governments keep selling 'security' to us as their new commodity, they deal it like crack, and we're trained to choose it as our drug of choice. The obvious caveat to security, are who's gonna be conned into paying as it always costs; taxes....

Speaking of security, I just read the war on terror has cost 32 million an hour since 2001. https://stillnessinthestorm.com/2019/04/we-have-spent-32-million-per-hour-on-war-since-2001/

[–]JasonCarswell 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (12 children)

Above all I prefer no taxes too. And between no taxes and the current system I would prefer the inverse tax system...

Supply side taxes.

As it is now, you can create 100 shirts with MAGA on them and not be taxed until the sale. That's fine for the producer but not the customer. And if they only sell 20 shirts that means 80 shirts are not taxed, wasted resources, and will likely end up in Africa where they no longer know how to make their own clothes.

Flip that scenario on it's head and the producer has to pay tax on every resource used to make the shirts and won't overproduce near as much. Resources are saved, the customer pays less because they're not covering the overages - yet still pays taxes vicariously.

That's an over simplistic version.

[–]HeyImSancho[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (11 children)

Where would the motivation for anyone new to business, to actually go into business knowing that before a single sale, the widget they produced is taxed once built?

Also, what of the service industry where by the final product is skilled labor?

[–]JasonCarswell 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (10 children)

Because unless the system is rigged a certain way only then will anyone be motivated?

If business taxes are 90% or 50% or 10% or 0% some people will still do business. Some may threaten to leave the country, and maybe they will. But there will always be someone else.

If anything it would impact large business more.

Service industry? I don't have all the answers and a perfect solution for you or for the extant system. But I think it's a challenging idea and even improvement. IMO

[–]HeyImSancho[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (9 children)

My thoughts on motivation for business, is the free market alone; motivation comes by way of not being burdened before starting. As it is now, business is a real pain in the neck with licensing, regulation, taxation, and insurance; don't dot your i's properly, or cross your t's, and perhaps no license, or no insurance, or higher rates.

It is the larger businesses that want the front end loaded so heavy with costs, and continued costs; they operate on volume.

I donno, I mean we're just speculating, but take the Internet, websites, and even saidit. If we taxed at the creation of a good, and your 'good' was your intellectual property, then any website that at some point will make some sort, any sort of money, may end up having to pay per word typed.

[–]JasonCarswell 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (8 children)

There is no such thing as a free market.

In some ways the internet is inversed payment, depending. You can pay a monthly set fee. Or you can pay for your bandwidth. These are 2 options on the same thing. One is bulk. The other is as you go and don't pay if you don't use it. And as surfers we pay on one end, while magnora7 pays on the other end for his hosting and traffic.

Not quite the same but it kinda is.

[–]HeyImSancho[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (7 children)

huh, I wonder where the concept of the free market came from.

[–]JasonCarswell 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

It came from tycoons who didn't want regulations, tariffs, or taxes.

It's propaganda to make folks think that if they help big business then big business with trickle down on their faces.

[–]HeyImSancho[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

Your saying big business want's free market, and that free market is bad for the regular people? "okay", but that doesn't even make sense, just from the standpoint of big business. I mean the people are a commodity to big business, they own us, and we're regulated beyond belief.

If I'm reading you correctly, then I absolutely disagree. The concept of free market literally is the free exchange of goods, and services for something in return; void of third party intervention(regulation). Free market exists all across America, and the world via the 'cash economy', or 'underground economy'.

Regulations, taxes, licensing, and forced insurance are the Achilles heel to the small business. Regulation is the achilles heel to innovation, ingenuity, and creativity. Creativity really seems to be taking a dive in our modern world.

Do you think licensing is good, and why?

Do you think forced insurance is good, and why?

What in your words are the benefits from regulations for the average man, woman, it, or small business?

[–]JasonCarswell 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

Not that I'm a stickler for the rigged laws and corrupt judicial system, but by definition, anything you pay cash for to avoid paying taxes is illegal. The "underground economy" is illegal.

That is NOT a free market.

I wouldn't say Achilles heel so much as ball and chain.

Do you think licensing is good, and why?

Do you think forced insurance is good, and why?

What in your words are the benefits from regulations for the average man, woman, it, or small business?

Way too broad and vague questions.

Licensing has it's pros and cons. I don't know if you're substituting "licensing" for "regulation" as they are different things. A better substitution is "protections" for "regulations".

Do you think protections are good and why? Can I sell you poison toothpaste? Not if regulations/protections are in place. Can we fuck up the banks and markets and make the work place unsafe? Not if regulations/protections are in place.

Forced anything is bad. Insurance is a rigged scam. If they socialized it and took out the profit motive then people wouldn't be able to scam others and folks would actually get the coverage they pay for. But the politicians will never fix it because they're in on the scam.

Regulations used to protect the average small guys from corporatocracy exploitation. Those days are over.