Every American should be asking themselves these questions... Why am I paying TAXES on my wages? Then paying Sales Tax to spend my money. Then paying Income Taxes on my money they already TAXED and paying Property Taxes after I already paid Sales Tax on said the property

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[–]SaidOverRed 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 2 fun -  (3 children)

1 tax. 1 rate. Make it flat. No loopholes. Every earn pays once. No more corporate games so they can come back on shore.

[–]suckitreddit 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (1 child)

My idea for taxes is there are two taxes: Sales Tax, and Import Tax. That's it. Period.

It's simple, and it works because it supports national industries. If everyone starts buying shit from overseas, then they get double taxed. If they buy things made at home, then there's only one tax to pay.

I would also take away a lot of the government programs to reduce spending. Welfare, nope. Gone. Charitable contributions, foreign aid, that's gone, too. The people should be able to decide where their money goes. If they want to give money, then they will. If they don't, fine. The government shouldn't force the public to give away their money.

[–]SaidOverRed 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

You got me. I meant 1 locally, so yeah import tax should be the only foreign tax. You are correct that double taxes foreign products. And yes the only local tax should be on a consumption (sales) tax.

I wasn't even speaking about where the slush funds go. Perhaps it's naive to expect people to want a low flat rate ... which would limit the welfare.

[–][deleted] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

End the Fed.

[–][deleted] 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (5 children)

Economist here, and not a dumb one.

TAXES HAVE NEVER BEEN NEEDED OR USEFUL. EVER. ANYWHERE.

Taxes serve one purpose and one purpose only: to keep people down. It is ONLY a tool of oppression, nothing else.

But how to run the government without taxes? Governments should be able to create ("print") money, and the first spend is theirs, for "free". Doing so is a universal "tax" of sorts on THE WHOLE ECONOMY. As such, it is the perfect tax. You're worth 100 billion? Well the % devaluation you've undergone is the same as everybody else, including the guy living paycheck-to-paycheck, so the dollar amount of the 100 Bn dude is much bigger.

This is a known fact of economics. You don't become an economist without knowing this. Your government knows this. They pretend they're stupid and can't understand these very very simple things, BECAUSE THEY ARE FOOLING YOU. It's a huge swindle.

Printing money for the first spend is the single most effective and efficient form of government financing, by far. It devalues the currency? Sure. What do you think has been happening with your currency? It's been... LOSING VALUE. It's lost almost all of it already. Oh, and then there's the debt. Because when the government prints their own money, THERE IS NO PUBLIC DEBT. But now the debt has become humongous while the currency has lost most of its value.

WHY? Because your currency has been printed by SOMEBODY ELSE then lent for interest to the government, who puts YOU THE CITIZEN on the hook for it.

And this is the reason why central banks are also referred to as "Banksterism". It's a huge scam and the only reason it's ongoing is that WE ARE GOING ALONG WITH IT.

[–]StBlops2cel_is_Lord 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

your currency has been printed by (((SOMEBODY ELSE)))

[–]Hadza 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

So inflation as the only form of tax, eh? Huh

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

It's better than inflation, taxation AND debt, right? Basically the taxation is only there to hide the fraud of central banking, under the cover of "well we need to tax in order to run our government, where else are we going to get the money?" which the people lap up and believe.

[–]wuzizname 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Wait a second - fuck that. If government could just print and spend as they saw fit then there would be no limit and no end to how much they devalue the currency - they'd be pouring money into all their pet projects without any limitations.. doesn't make sense to me.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

It would still cost infinitely less than what things cost right now.

What, do you think the government is HOLDING BACK??? What on Earth could make you believe this?

No, the government isn't holding back. They're spending YOU and YOUR FUTURE GENERATIONS into oblivion.

WITH BORROWED MONEY instead of printing their own. Can't you see that borrowing costs more, because of the interest, than printing? Moreover, when the government borrows US dollars from the Federal Reserve, the Fed prints... US DOLLARS. So the same amount of currency gets created, BUT AS A DEBT. Instead of just being created and spent. Now it's created, spent, AND OWED BACK WITH INTEREST.

When politicians say "we don't have the funding" they mean "that's not what our masters want, so no."

https://quotesgram.com/img/rothschild-quotes-on-money/1003439/

[–]C3P0 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (39 children)

Well, thanks for at least writing out the image text.

The thing about taxes that I disagree with is that people with poverty-level income still lose 7-10% of their disposable income to taxes when they buy something such as clothes. Get rid of sales tax.

[–]insta 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (36 children)

Sales taxes are one of the few fair taxes for this reason. If you're poor and shit with your money then tough shit you're being taxed on your jeans.

[–][deleted] 7 insightful - 1 fun7 insightful - 0 fun8 insightful - 1 fun -  (27 children)

People aren't poor just because they don't manage their money right. Most people who're poor are born into poverty and can't escape, because that's how the system is set up — in both Capitalist and Socialist countries. Even so, it's counter-productive to make it harder for people to turn their lives around and get out of poverty. This is why people say Libertarians hate poor people — because yall do.

[–]StBlops2cel_is_Lord 5 insightful - 3 fun5 insightful - 2 fun6 insightful - 3 fun -  (23 children)

Lol, there is no 'system'. Michael Moore comes from a white-trash poor family..the first line in his first book is 'you can't get rich in America, don't even try' (I'm paraphrasing). He went on to make millions and millions of dollars by whining what a terrible country the US is. That's just one example. Oprah, from a poor family, is another example. There are thousands of examples, I could go on all day but I have to go to work...I mean I CHOOSE to go to work instead of whining about how unfair the 'system' is.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (19 children)

The system IS unfair. It's not because some individuals (cherry-picked? Who knows?) make it that it means that anybody can. In other countries, such as Canada for example, social mobility (i.e. coming from a poor background and 'making it') is much higher. Might be even higher elsewhere too. That is IMHO, a much better indicator of a decent system than rationalizations as to why you have a few ultra-billionaires and millions of homeless.

Here: https://www.visualcapitalist.com/ranked-the-social-mobility-of-82-countries/

[–]StBlops2cel_is_Lord 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (16 children)

I work 6 days a week, and have plenty of money. My neighbor, born into a rich family but cut off from the money, does the occasional odd job, preferring to sleep and surf. He is always whining about being broke. See a correlation?

--Oh, and most millionaires are self-made, look it up.

[–]bald-janitor 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (1 child)

He probably a kike bro, stay away from him!

[–]StBlops2cel_is_Lord 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Noted, stay based.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (13 children)

"Self made" LMFAO. A few million is nothing though. I was talking about the super rich. But whatever. If you understood economics a bit better you would bite your tongue bloody over those words you just typed.

[–]StBlops2cel_is_Lord 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (12 children)

I generally agree with your posts and comments, but this time I think your meds hadn't kicked in fully.

https://www.cnbc.com/2019/09/26/majority-of-the-worlds-richest-people-are-self-made-says-new-report.html

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (11 children)

"Self made" doesn't mean self-made. Oh man, here is Real Economics 101 coming your way:

  1. Most rich people become so from running companies;
  2. A company's profits are sales minus costs;
  3. Sale price of any given good is subject to fairly strict constraints, in most cases;
  4. Costs are: labor and non-human components (parts, buildings, resources, etc);
  5. The price of non-human components are subject to fairly strict constraints, see above;
  6. Therefore, to increase profits, a corporation has extremely limited leeway in sales price and non-human components;
  7. Profits are derived from paying employees less than what their work is worth;
  8. Yes, that's right. If you pay fair price for everybody's work, and for all your inputs, your sale price will be pretty much break-even;

  9. Economies of scale also come with wastes of scale; In other words, they pretty much cancel each other out at most corporate scales, with waste vastly overtaking economies at mega-corporations;

  10. The only market in which there is anything close to perfect competition, in so-called "free market" economies, is THE LABOR MARKET;

  11. Perfect competition in the labor market means that every worker is competing with every other worker for who is desperate enough to do more for less. As such, there is a continual and relentless downward pressure on compensation IN REAL TERMS;

  12. In 1969, third-quintile (more or less median) per-household income was $60,243 when converted in 2018 dollars;

  13. In 2018, 49 years later, it was $79,542, a 32% increase; https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-households.html

  14. In 1969, there was on average roughly ONE income earner per household; In 2018 there were almost two;

  15. This means that in real terms, the wageslave earns roughly 30% LESS than in 1969;

  16. Since 1969, worker productivity has increased by roughly 140%; https://files.epi.org/2013/ib388-figurea.jpg

The conclusion is obvious: the super-billionaires "self-make" by SIPHONING THE VALUE CREATED BY WORKERS into their pockets.

How else do you explain that people produce 2.4x as much as they did 49 years ago, yet earn 30% less, and now we have super-billionaires, which didn't exist back when life was decent?

Agreeing with me means you are smart and well-informed. Disagreeing means the contrary. Oh, BTW: all MSM is shite and CNBC isn't any different.

[–]StBlops2cel_is_Lord 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (8 children)

You do sound well-informed, but I also detect a bit of wealth envy. Rich people hire non-rich people to do stuff, right? As a contractor, I have never been hired to remodel a poor person's house. I LOVE rich people. I don't resent my neighbor for buying a new car, I aspire to do better so I can buy a new car (if that's what turns me on).

--I can't stand Oprah, but she is one example of a poor person becoming insanely rich, JK Rowling is another one. They worked hard, and offered something that a lot of people wanted. They didn't steal it, or exploit anyone (well, there was Oprah's South African girls's school, but I digress..)

[–]Jesus 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

I had to post... you get it. I still will lurk. But nice post. Belloc's book "The Servile State" illustrates what's going on.

[–]jet199 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Do you have millions of homeless in the US?

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

I do not, nor have I ever, lived in the USA but yes, they have millions of homeless.

EDIT: However, in 2019, the number was estimated at a bit over 500,000. Given the covid lockdowns and current economic situation, it is undoubtedly MUCH MUCH higher now. It could very well have reached 2 million, barely qualifying my "millions" statement.

Data: https://endhomelessness.org/homelessness-in-america/homelessness-statistics/state-of-homelessness-2020/

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

The individuals who rise up the social hierarchy must be chosen and aided by those of a higher class.

[–]jet199 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

You don't have to rise up the class scale to stop living in poverty.

Working class ≠ the poor

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

There are more classes than just Working class and not Working class. Regardless, class is not inherent from wealth, I did not say that, in fact I define wealth by influence rather than how much money someone has. Influence can and does garner wealth, but it is no guarantee.

[–]insta 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

People aren't poor just because they don't manage their money right.

Many are. I'm not going to bullshit you and say everyone is going to be rich but if you're competent, hold down a job, and don't have children you're going to have an acceptable amount of wealth.

I'm not against hurting poor people, but there is the culture of people voting for policies they'll never be impacted by because they pay fuck all for taxes. This is especially true on the city level. Property taxes are going fucking crazy in my area because the council is fucking nuts and thinks we're just going to throw money at the black hole of homelessness and the drug abuse, not to mention all the other useless and ineffective programs. People need to have skin in the game to not just aimlessly vote for shit policies that undermine the nation. We can't have this underclass of people who are just nonstop voting for gibs.

[–]chadwickofwv 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Can't escape can they? Can they not learn a trade? Can they not teach themselves IT like so many others have? Can they not join the military? Can they not go to a technical school? Can they not go to college?

I'm sure each person will have something here they can't do, but there is also something they can do. There are a small portion who are badly disabled, and I can have compassion for them, but not the rest.

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

Just because someone works doesn't mean they aren't in poverty — matter of fact most poor folks have full time jobs, those jobs just don't pay enough.

You also clearly aren't familiar with how utterly bank-breaking college and trade school is in the United States. Even with scholarships, people have to pay thousands out of pocket, and spend an expensive amount of time in classes instead of at work — something many people can't do. If you have a family and need to put food on the table, you aren't going to pay to spend eight hours a day in classes, you're going to spend that eight hours at work so your children can eat.

As a self-taught programmer and economics enthusiast, it seems odd to me that so many people insist that everyone code — that if they got into the IT field no one would be in poverty — ignoring that the market for IT labor has become saturated, and that saturating it further will result in lower wages as workers compete for jobs.

And on the military, this nation treats its veterans like garbage. We send our young men overseas to die for America, promising them the we will aid them when they get back home, but when they return we throw them out on the street like animals — especially those disabled during their service. It's truly terrible.

[–]aspos 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

A value added tax is a good twist on the sales tax that doesn't punish wealth creation and encourages compliance.

[–]C3P0 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (6 children)

Rich people think sales tax is "fair" because they can avoid a progressive tax like their income tax.

I think rich people should pay 30% rather than 7% on that pair of jeans. That noted, I agree with you that people don't manage money properly (especially drug users).

[–]insta 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (5 children)

Rich people think sales tax is "fair" because they can avoid a progressive tax like their income tax.

Yes. Rich people think paying a higher raw and a higher percentage of their money is unfair. That is correct. I'm not even for a flat tax but some people think you can just tax the rich out the ass and expect them to never just leave. New York is figuring that out the hard way right now.

[–]C3P0 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

I'd advocate for a higher national tax, not a state tax. But, for the reason you mentioned, the taxes on imports also have to be high to prevent companies from just moving to foreign tax havens.

[–]insta 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

The nice thing about state taxes is it does help fuck people who live in states who are off the wagon when it comes to spending. If you tax higher on a federal level is kinda just throws all the power to the left who can just advocate for nation wide policies. An example is single-payer healthcaer.

[–]C3P0 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

I don't really understand all the effects of tax policies. I don't think even policy makers do either.

Nation-wide policies sound good to me, but I am a communist.

[–]chadwickofwv 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

Why don't you move to China and give communism a test run before you advocate for it? I guarantee you'll change your mind, but you'll never be able to tell anybody about it, or return. Because it is a communist state.

[–]C3P0 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I am there right now. Why don't you come over here and give it a try? You'd probably never move back. Americans are taught their entire life that the word "communism" is a bad word.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Get rid of sales tax and replace it with a land value tax — and while you're at it, no taxation for anyone who makes less than $15k a year. The government takes away their money they so desperately need and blows it on inflated salaries and dumb programs.

[–]C3P0 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Right. Oprah is not really going to be affected too much when her marginal tax rate is 90%.

[–]wuzizname 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Then paying specific fees and taxes on shit you want to do that used to be free - fishing, hunting, boating, driving a car, getting married.... only thing we seem not to pay for is breathing and walking.

[–]ancapsaicin 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Property Tax is Slavery. It doesn’t matter how low it is. It is still casino money you have to get from the house.

There is no buying a piece of land and living off it.

The state owns it and they are only allowing you to keep it as long as you continue paying a fee ad infinitum.

[–][deleted] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

No more Medicare for you then dumbass. Or social security.

[–]chadwickofwv 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

And I want neither.

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

The biggest most expensive government you've ever seen, yet things are worse than ever. They don't even ask you about decisions they make anymore, even if it means your son/daughter ends up dying in a war for Israel or coming home psychologically destroyed to a country with no public mental health system outside of jail. Wew lad!

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

Cool talk. Now what are YOU going to do about it?

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

If you want to Know Self-Assessment tax so it means any balance tax paid by the assesse on the assessed income after returns Tax Deducted at Source (TDS) and Advance tax into account before filing the Return of income. Self-assessment tax is paid for a specific financial year-end. Visit: https://planetaryaccountingandmarketing.com/taxation/