Executive Producers: Sir Andrew Wilson, Sir Paul Dowe, Sir Dean Chartier, Daniel De West, Sir Random Hillbilly, Sir Gene Naftulyev Baron de Marriott Sherrif of Austin
Associate Executive Producers: Sir Craig Porter, Jason Kirk, Christian Schlatter, Joel Obando
Art By:MartinJJ
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JCD mistake with “Wealth Tax”: In order to have functional society in which everyone has vested interest in properly functioning Government and suffers consequences of wrong Governmental policies – every voting citizen must pay equal proportion of taxes. Question is than – what to tax?
Current income taxation is wrong as it directly taxes productivity, punishing it: more productive you are Government forces of taxation make you less interested in being more productive.
JCD “Wealth Tax” is wrong for two reasons 1) Wealth scale across society is too wast. Hence, significant segment of population (lower end of the scale) would have voting power of controlling Government while feeling negligible impact of good/bad Governmental decisions. Recipe for Nazism, Stalinism, Chavezism,… emergence. 2) Again, “punishment” of the positive item in society: wealth. Society advances when it is overall wealthy…
Hence, what is left is true taxable aspect that transfers impact of Governmental decisions to the voter at any wealth/income level in a way in which even small changes can be felt (which is good): SPENDING. And negative feedback on it from being taxed cuts into negative aspect of the society – consumerism… into spend, spend, spend… Hence, only fair taxation is one without any exemptions, loopholes, refunds, rebates, prebates,…taxing spending on anything and everything equally and for all. Every time you buy something – you are reminded that part of your money, from your pocket goes to the Government. And you care how is it used. And you are not envious of big wigs with big attorneys, because you know that there is no loophole for anyone and that whatever they buy – they pay equal proportion from that as you.Very hard to build class envy on such basis.
You don’t want to tax “productivity”, but you want to tax spending.
Spending BUYS what is produced. Taxing spending creates a disincentive -or- inability to buy, and deflates an economy. Taxing spending puts that brakes on buying, and that is the cornerstone of capitalism.
Income tax is like a hill you are climbing, the steeper the hill, then harder you work to get where you want to go (the rate quickly becomes nearly constant, and you just work a little harder to make progress at a constant rate). Sales tax is like a road toll, the farther you have to go, the less interested you are to leave the house in the first place.
The hill might become steeper the more you make, but the climb actually gets easier the more you make. Road tolls become more and more daunting the further you want to go, to a point that you decide to take a shorter and shorter trips, or no trips at all.
In the last 20 years my pay has ranged from $10/hr-to-many times that. The more I made, the more taxes (both in absolute and relative senses) I paid. HOWEVER, the more I made, THE MORE I MADE and took home! Once the government took their cut, I was free to enter the marketplace and buy without a hidden 40% tax on each purchase.
I know you aren’t currently able to understand the implications of a “regressive tax”, but I vainly hope that someday you will try to wrap your noggin around it instead of being the useful propagandizing idiot of people that want to take your money (unless you are worth >>$1 Mil yourself).
I agree with Dvorak.
Tax wealth, and ensure that money flows through the economy rather than being hoarded by people who have no intention of releasing money back into the economy.
Flowing money is what makes an economy.
Hoarded money increase power, but slows economic activity.
Productivity requires things being bought; as it is pointless if make things if the average person doesn’t have money to make purchases.
I also agree that there should be a basic minimum income to keep the “Noodles Kid” out of the workplace, to enhance the productivity of people like me who enjoy working.
There is something magical about a blond woman.
JCD hasn’t got the next one up yet but I just want to note that Adam predicted the winner of another sports event, the super bowl, using the city that needs cheering up the most wins.