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Post by rally2xs on Nov 2, 2015 7:17:19 GMT -5
It would be good to see Article I, Section 9, Clause 5 of the U.S. Constitution, which directly states
“No Tax or Duty shall be laid on Articles exported from any State”, get very broadly interpreted so that if a business exports anything, then no corporate income tax, property tax, etc. etc. could be laid against the business.
That would do 2 really great things:
It would make our exports dramatically cheaper.
It would also encourage every US business to become an exporter.
What a change that would be, eh? With corporate taxes, total, only being about 9% of the "take" that we get from taxation now, we could easily stand to lose it and then make it up on the rise in individual taxes that would happen from the influx of foreign money through improved export sales.
Sounds like a plan, even without the Fair Tax (which does not tax exports...)
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Post by bobathon on Nov 2, 2015 9:51:24 GMT -5
I bet you wonder why we keep hitting the debt limit.
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Post by rally2xs on Nov 2, 2015 10:50:35 GMT -5
We're hitting the debt ceiling because we're spending more than we're taking in in taxes. We're doing the latter because there aren't enough jobs, and the jobs we do have are poor quality, low-pay jobs such as food and retail industry jobs, rather than manufacturing jobs that are typically much higher pay. Untaxing business would dramatically increase interest in building factories in the USA, and so would create millions of good-paying factory jobs. This would raise revenue as overall average income in society (you can't pay your punk burger-doodle wages to people that can go down the road and make 3X - 6X as much in a factory) and the rise in taxes from that would more than balance the budget. See North Dakota for an example. They have more jobs in the oil fields than they have workers, so you can make 6 figures just driving a truck. Burger doodle wages up there are higher too, or so I've heard.
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Post by bobathon on Nov 2, 2015 15:59:30 GMT -5
1. Wrong, the necessary debt is an output of Congress, the limit is a joke. We HAVE to jncrease the debt limit because Congress defines revenue and expenses, the difference is the debt they demand. Having a limit has no effect on debt. And employment doesn't either. It's expenses (Congress defines) minus revenue (again, Congress defines) = necessary debt. So when they do not specify the revenue to cover expenses (including debt service) we have to borrow. Congress sets it all up.
2. Amazing how if we only fix ONE LITTLE THING, we restore Utopia. Massive eyeroll here. Epically massive.
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Post by rally2xs on Nov 2, 2015 16:19:38 GMT -5
Congress defines spending, but only defines tax RATES, which are set so that 1) They harm industry by being as high as they are and 2) are still insufficient to pay for all the spending they define. This cannot be cured by raising the tax rates, that only further suppresses prosperity and brings about more misery. It is necessary to encourage industry so that it creates high-paying jobs that lift people out of poverty. That requires UNTAXING industry, or dramatically lowering the rates as Ted Cruz wants to do. Not sure if Ted's plan is workable or not, but I don't like it because it is still an income tax, which is poisonous to business.
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Post by bobathon on Nov 2, 2015 16:58:01 GMT -5
Expenses-revenue=borrowing need
Congress defines expenses and revenues. It is always their responsibility for us having and hitting the debt "limit"*.
*Scare quotes because the Constitution says we pay all our bills and doesn't say how. It would be unConstitutional to respect the debt limit if it means not paying our bills.
But yeah, remove some minor tax and suddenly the skies will be blue, Sousa tunes will fill the air, everyone will love us, and everything will be perfect again.
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Post by rally2xs on Nov 2, 2015 17:12:15 GMT -5
Getting rid of the income taxes would solve a vary wide range of problems. We've been boiled like a frog by the income taxes, as they have become more damaging over the years, but the increment by which they have damaged us has been so small that it hasn't really been identified as an income-tax-based harm to us. But it is. So people are still thinking that, for instance, our jobs leave the country because foreigners have low labor rates, which may have been true in the 70's, but now jobs leave the country because we have steadily increased our income tax rate, especially the most-important-to-this-issue the corporate income taxes, while other countries have seen the enemy and lowered theirs, thus attracting jobs that should and would otherwise have been created here.
Get rid of the income taxes and restore prosperity. It _will_ work that way. It won't hurt if we stop going overboard with many regulations that cost hideous amounts of money and have very little proportional benefit to society.
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Post by bobathon on Nov 2, 2015 17:55:42 GMT -5
You are an incredibly stupid person. There just are no words.
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Post by rally2xs on Nov 3, 2015 15:04:53 GMT -5
You are an incredibly stupid person. There just are no words.Insults and name calling. Same old FUG. |
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