What Is A "Fair Share" When It Comes To Taxes? Topic

Seems to me that you've moved AWAY, again, from the topic at hand.   We're talking taxation not government spending.  Please, if at all possible, comment on taxation. 
8/9/2011 9:39 PM
Posted by antonsirius on 8/9/2011 7:24:00 PM (view original):
Posted by moy23 on 8/9/2011 9:12:00 AM (view original):
I have looked at both sides honestly. In fact - When I first looked into the fair tax in 2008 I thouight it was an absolute joke (just like huckabee was)... until I started reading more into it. The positives outway the negatives BIG TIME imo.

And a big YES to starving the government - they need to spend more responsibly before they can eat well again. Why is it my wife spent 2 hours waiting at the social security office to change her last name yesterday, and another 30 minutes to get a new drivers license... but only 3 minutes to change her name at the bank? I work with a guy that used to order $6 rolls of toilet paper for the military... $6 !!?!?! Come on. Yes the gov't needs a bit more starving if they think they can afford these types of goods and provide shoddy services.
I absolutely agree that there's all kinds of government wastage that needs to be eliminated, and all kinds of departments and services that could be streamlined and made more efficient.

What do you think the odds are of a Congress that would pass a FAIR tax actually cutting Pentagon spending as opposed to, say, gutting Social Security?

To me, that seems like an extremely risky way to get where we need to go. To extend the metaphor past the point of silliness, we need to get government on a diet and hitting the gym regularly so that it's healthy, and then cut back its food supply, rather than starving its fat *** and hoping the country survives the process.

But then, I also think inefficient government stimulus during a massive recession, to inject at least some spending and job growth into the economy, is still better than slashing government spending when the corporate sector is stuffing every dime under their mattresses rather than re-investing. I'm cuckoo like that.
Mike is right. We are talking about what's fair for taxes.

That said I will answer your OT post. You are right that timing is an issue and it is a risky proposal. I bet social security will be cut before defense.... Obama is setting record highs in defense spending ($850 billion vs bush $600 billion). I was in a cab once and one of the people asked what has the government ever run well? We all said nothing but the cab driver blurted out "the military". He's right imo.... it could be run less expensively but these guys are efficient and deadly.

As for taking risks.... at some point someone will have to take a risk. Social security is going defunct, the healthcare system is a mess, illegal immigration runs rampant, the deficit is increasing, unemployment has been at 10% for over two years now, 8 million foreclosures the last 2 years, etc. The system as is is broken. Taxing the rich even more is not the answer..... its just enabling the government to do what it does best.... throw good money after bad.
8/10/2011 8:11 AM
This post has a rating of , which is below the default threshold.
Posted by moy23 on 8/10/2011 8:11:00 AM (view original):
Posted by antonsirius on 8/9/2011 7:24:00 PM (view original):
Posted by moy23 on 8/9/2011 9:12:00 AM (view original):
I have looked at both sides honestly. In fact - When I first looked into the fair tax in 2008 I thouight it was an absolute joke (just like huckabee was)... until I started reading more into it. The positives outway the negatives BIG TIME imo.

And a big YES to starving the government - they need to spend more responsibly before they can eat well again. Why is it my wife spent 2 hours waiting at the social security office to change her last name yesterday, and another 30 minutes to get a new drivers license... but only 3 minutes to change her name at the bank? I work with a guy that used to order $6 rolls of toilet paper for the military... $6 !!?!?! Come on. Yes the gov't needs a bit more starving if they think they can afford these types of goods and provide shoddy services.
I absolutely agree that there's all kinds of government wastage that needs to be eliminated, and all kinds of departments and services that could be streamlined and made more efficient.

What do you think the odds are of a Congress that would pass a FAIR tax actually cutting Pentagon spending as opposed to, say, gutting Social Security?

To me, that seems like an extremely risky way to get where we need to go. To extend the metaphor past the point of silliness, we need to get government on a diet and hitting the gym regularly so that it's healthy, and then cut back its food supply, rather than starving its fat *** and hoping the country survives the process.

But then, I also think inefficient government stimulus during a massive recession, to inject at least some spending and job growth into the economy, is still better than slashing government spending when the corporate sector is stuffing every dime under their mattresses rather than re-investing. I'm cuckoo like that.
Mike is right. We are talking about what's fair for taxes.

That said I will answer your OT post. You are right that timing is an issue and it is a risky proposal. I bet social security will be cut before defense.... Obama is setting record highs in defense spending ($850 billion vs bush $600 billion). I was in a cab once and one of the people asked what has the government ever run well? We all said nothing but the cab driver blurted out "the military". He's right imo.... it could be run less expensively but these guys are efficient and deadly.

As for taking risks.... at some point someone will have to take a risk. Social security is going defunct, the healthcare system is a mess, illegal immigration runs rampant, the deficit is increasing, unemployment has been at 10% for over two years now, 8 million foreclosures the last 2 years, etc. The system as is is broken. Taxing the rich even more is not the answer..... its just enabling the government to do what it does best.... throw good money after bad.
I re-blocked Mike a while ago because he seems more interested in stirring up **** than having a conversation right now. But I don't even know how to respond to the idea that spending is OT to taxes. That's like saying talking about the car is OT to an engine discussion.

There are degrees of risk. I think it makes more sense to stabilize the economy first, then cut spending once we have some forward progress again, then look at something as radical as switching from an income tax-based revenue stream to a sales tax-based stream. That way the risk is mitigated if the radical plan doesn't work, or there are (as is almost certain to happen) unintended consequences.

Now, if you think the economy simply can't be stabilized under existing conditions, then yeah, we'd have no choice but to look at radical changes such as the FAIR tax. But I don't believe that. We're just a couple of years removed from one of the biggest economic shitstorms in history, and we haven't even adequately addressed the root causes of it yet, nor done much to deal with its effects. We might want to try that first before we look for radical answers.

Basically you're arguing for a hail mary, and I look at the clock and its only the middle of the third quarter.
8/10/2011 3:09 PM

You're full of ****.  You respond to me all the time.   Odd behavior when you have me blocked.

Get back on topic.  You stray off topic every time you're proven to be a moron.  Which is quite often.

8/10/2011 3:20 PM
Whenever Mike comes across a question he has no answer for he tries to control the debate and set a direction he feels more comfortable with.
8/10/2011 3:28 PM
Yeah, like talking about taxation in a thread named "What is a fair share when it comes to taxes?"     Shame on me for thinking it was about taxation and not government waste after taxation. 

Dumbass.
8/10/2011 4:39 PM
As the guy that started this thread, spending is where I wanted to eventually go, but probably in a different thread.  In the meantime, the reason I brought it up is to address the common misconceptions I see out there:

1.  Taxing the rich more, by raising rates, will raise revenues.  It most likely will not, and we have recent and not-so-recent history to suggest that.  That is not to say that it definitely won't, but government revenue follows GDP fluctuation much more than tax rate fluctuation.

2.  The rich aren't "paying their fair share".  This is hard to even have a conversation on because you won't find anyone to answer what their fair share actually is.  The typical roundabout answer is that their fair share is "more than whatever they're paying now".  Ironically enough, when tax rates were lowered, the rich paid a larger share.  So the idea that raising tax rates on the rich will increase their share is not supported by the numbers.

3.  "Raising taxes will help the economy".  I'd like to see a reasonable chain of logic on that one.  When any corporation/LLP/Individual small business has to increase their outlay to taxes, it necessarily follows that in order to maintain an acceptable rate of return on risked capital, that either their prices go up, or their costs go down in other areas.  Expansion?  With what extra capital?  I actually saw a Keynesian interviewed last night who said that small businesses "need to add jobs in order to increase the demand for their products."  What????

I personally believe that we cannot collect enough revenue to sustain current spending no matter what the feds do with tax structure.  And as long as the debt increases, the interest portion of the deficit will increase.  As long as that happens, the available funds to run programs will decrease.  At some point, the programs will not be able to be funded at all until the feds print more money - making our currency worthless and a whole bunch of other undesireable things.

Cut, Cap and (eventually) Balance is the only way to go.  Now I'm not such a simpleton to think that you should cut to the point of balance today.  I do think that would do more harm than good.  However, the longer we wait the harder the crash.  If the caps followed a percentage of GDP, that's a start.  Once spending is under control, you find a way for the tax rates to collect enough to match the cap.  It's a balancing act, obviously, but that, to me is why the "Fair Tax" or a sales based solution is the answer.  Bottom line is that you cannot spend more than your economy will support and you cannot pull in however much revenue you want.  The precentage limits make it easy.  Get the government out of the way and watch businesses grow again....And watch people take a risk with their own money to start new ones.  That's always been the engine.
8/11/2011 11:45 AM
Posted by MikeT23 on 8/10/2011 4:39:00 PM (view original):
Yeah, like talking about taxation in a thread named "What is a fair share when it comes to taxes?"     Shame on me for thinking it was about taxation and not government waste after taxation. 

Dumbass.
Is this a conversation or are you looking to throw insults back and forth? If I respond in kind to your dumbass remark does that give you an excuse to block me and then act all superior to we who are considered unworthy?
8/11/2011 1:54 PM
No, I was simply point out that I was calling out anton for attempting to change the subject(which is his MO).   And you decided that I was the one going off-topic.   At which time, I felt it was appropriate to point out that you're a dumbass.   You've been a dumbass in every thread I've seen you post in so it's not one moment of dumbassery.  You're just a dumbass.   If that makes you feel inferior, there's nothing I can do about that.
8/11/2011 2:01 PM
You need to be specific.......what threads other then this are you referring to? Your arrogance is beyond belief but I am sure you have been told that before. I do not think myself inferior but you treat everyone as if they were. You could probably benefit from therapy.
8/11/2011 2:39 PM
52% of the blogs out there indicate that you're a dumbass.    Beyond that, I don't NEED to be specific about anything. 
8/11/2011 2:39 PM
You are blocking the author of this post Mike T23
8/11/2011 3:18 PM
Posted by antonsirius on 8/10/2011 3:09:00 PM (view original):
Posted by moy23 on 8/10/2011 8:11:00 AM (view original):
Posted by antonsirius on 8/9/2011 7:24:00 PM (view original):
Posted by moy23 on 8/9/2011 9:12:00 AM (view original):
I have looked at both sides honestly. In fact - When I first looked into the fair tax in 2008 I thouight it was an absolute joke (just like huckabee was)... until I started reading more into it. The positives outway the negatives BIG TIME imo.

And a big YES to starving the government - they need to spend more responsibly before they can eat well again. Why is it my wife spent 2 hours waiting at the social security office to change her last name yesterday, and another 30 minutes to get a new drivers license... but only 3 minutes to change her name at the bank? I work with a guy that used to order $6 rolls of toilet paper for the military... $6 !!?!?! Come on. Yes the gov't needs a bit more starving if they think they can afford these types of goods and provide shoddy services.
I absolutely agree that there's all kinds of government wastage that needs to be eliminated, and all kinds of departments and services that could be streamlined and made more efficient.

What do you think the odds are of a Congress that would pass a FAIR tax actually cutting Pentagon spending as opposed to, say, gutting Social Security?

To me, that seems like an extremely risky way to get where we need to go. To extend the metaphor past the point of silliness, we need to get government on a diet and hitting the gym regularly so that it's healthy, and then cut back its food supply, rather than starving its fat *** and hoping the country survives the process.

But then, I also think inefficient government stimulus during a massive recession, to inject at least some spending and job growth into the economy, is still better than slashing government spending when the corporate sector is stuffing every dime under their mattresses rather than re-investing. I'm cuckoo like that.
Mike is right. We are talking about what's fair for taxes.

That said I will answer your OT post. You are right that timing is an issue and it is a risky proposal. I bet social security will be cut before defense.... Obama is setting record highs in defense spending ($850 billion vs bush $600 billion). I was in a cab once and one of the people asked what has the government ever run well? We all said nothing but the cab driver blurted out "the military". He's right imo.... it could be run less expensively but these guys are efficient and deadly.

As for taking risks.... at some point someone will have to take a risk. Social security is going defunct, the healthcare system is a mess, illegal immigration runs rampant, the deficit is increasing, unemployment has been at 10% for over two years now, 8 million foreclosures the last 2 years, etc. The system as is is broken. Taxing the rich even more is not the answer..... its just enabling the government to do what it does best.... throw good money after bad.
I re-blocked Mike a while ago because he seems more interested in stirring up **** than having a conversation right now. But I don't even know how to respond to the idea that spending is OT to taxes. That's like saying talking about the car is OT to an engine discussion.

There are degrees of risk. I think it makes more sense to stabilize the economy first, then cut spending once we have some forward progress again, then look at something as radical as switching from an income tax-based revenue stream to a sales tax-based stream. That way the risk is mitigated if the radical plan doesn't work, or there are (as is almost certain to happen) unintended consequences.

Now, if you think the economy simply can't be stabilized under existing conditions, then yeah, we'd have no choice but to look at radical changes such as the FAIR tax. But I don't believe that. We're just a couple of years removed from one of the biggest economic shitstorms in history, and we haven't even adequately addressed the root causes of it yet, nor done much to deal with its effects. We might want to try that first before we look for radical answers.

Basically you're arguing for a hail mary, and I look at the clock and its only the middle of the third quarter.
We are not just a couple of years removed from one of the biggest economic shitstorms in history... we are at the front end of what will be a nasty double dip imo... and as eloquently as obama put it we will feel what "The worst economic times since the Great Depression" truely are. Simply trying to stablize the economy has been attempted in Japan when they had a financial meltdown some 30 years ago --- and to no avail they are still trying to stabalize their economy today. I'm not sure bandaids are the real answer here.

The other shoe has yet to drop for the US, unfortunately. I could be wrong but imo the signs are there:

Unemployment is at 10% and not getting better, nor looking like it will anytime soon. What company would hire employees in such in uncertain times?

Record high 17 million americans collecting unemployment checks for what - is it 5 years now? How much longer can the gov't extend unemployment before these people have $0 income. And by the way - companies are not hiring people that have been out of work for an extended time on unemployment.

Record high 4 million home forclosures last year... expecting the same this year. Millions of people have not made a mortgage payment for over 12 months and still live in their homes - what will happen when this correction occurs?

Social Security is bankrupt - estimated to pay out some $45 billion in benefits in 2011 than it will take in.

US rising deficit with politicians more concerned with party lines than the health of the country. Spending still unchecked. Nothing will get done until its too late.


___________________
I'm not suggesting a hail mary in the third quarter - but tweaks here are there to the gameplan are not going to win the game (per your analogy). The country is not in a good spot right now and the next decade looks bleak if we keep patching up leaks. Fix the problem. Win the game.
___________________
8/11/2011 4:20 PM
Back to tax code.... right now its too complicated.... so much so that only the rich can afford to find the loopholes.

Simplify the process. Eliminate loopholes. Eliminate tax breaks and tax lobbying. Eliminate individual tax returns.

Simplify the IRS to strictly finding businesses that cheat sales taxes.... its something they already do so of shouldn't be hard.

And reduce spending now!!!
8/11/2011 4:49 PM (edited)
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