Just an idea

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    Dec 18, 2011 6:30 PM GMT
    People are constantly fighting over what should be done for the economy, and try to make it seem so black and white. I don't side with either liberals or conservatives. Why? Because of the fact that it isn't black and white, what we should do, in my opinion.
    Why is it that everyone is against combining strategies? IMO it makes the most sense out of what anyone has said.

    First of all, I've noticed a lot of people think reducing the deficit little by little will help, but in reality it won't help the amount of debt we have at all. All reducing the deficit will do is slow down how fast we gain debt. But as long as the deficit is a deficit and not a surplus, we will still be accruing debt up the wazoo.

    So in order to actually start reducing out debt, it would be important to get a surplus. Unfortunately, the deficit is so large that it will take years to do this, which is why people are happy with just lowering it a little bit at a time.

    I feel that a lot of people also are afraid to put themselves into a situation that may make them feel uncomfortable or financially unstable, even if it means financial stability in the long run. This comes to bite us in the ass because we keep making quick fixes that in the long term just screw us over even more. We have been doing it for decades already, and look at how we are doing now?

    So this is what I would propose.
    It is really simple.
    Raising taxes to a single flat rate for everyone, so that wealthy people can't say they are being taxed too much, or poor people say that the wealthy are being let off easy. Everyone works for what they have, and since taxes are a necessary form of revenue for the government, (which all Americans should support in my opinion, being as without it our nation would fall apart even faster than it seems to be doing) everyone should be putting in equally. And saying that flat numbers should be equal is simply not okay because frankly, all that does is ruin the economy more and cause social unrest.
    Along with raising taxes, we need to cut spending. We have so many social programs that are complete failures and yet get a ton of money for no reason that it really is no wonder that our already slim margins can't cover everything.

    By cutting useless programs and tightening the belts on programs that get more funding than they should, as well as raising taxes, we can actually make a large dent on the deficit each year so that it becomes a surplus!

    If you have thoughts, say something. But please don't just be a tool and say "You stupid conservative/liberal!" That helps nothing.
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    Dec 18, 2011 7:29 PM GMT
    I think you make a good point with the flat tax Idea. It could be done in a fair way and reigning in Government spending has to be done, I'm not for ending necessary safety net programs like SS, Medicare and all Welfare, but there is definately plenty of waste where there could be cuts made. There are big business subsidies, loopholes and way overspending on the Military as well as duplicate "War on Terror" spending that needs to be cut too.

    One huge way to cut in on the Government mess is to totally revamp Campaign funding to get Corporate money and Lobbying out of the Government business. This problem is one of the core issues affecting US policy and legislation involving the budget. Sadly nearly every one of our Government Politicians on both sides of the isle are bought and paid for.
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    Dec 18, 2011 8:08 PM GMT
    tax_seesaw.gif
    The lower income people (read: <$50000/year) just don't make enough to make up what the >$200k/year people pay in taxes. And it exacerbates the inequality.

    taxpix.JPG
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    Dec 18, 2011 8:21 PM GMT
    MilitaryMan91 said(snip)It is really simple.
    Raising taxes to a single flat rate for everyone.(snip)

    Simple to say. Implementation? Not so much.

    The effort requires more than changing tax law, tax forms, and the infrastructure for tax collection. It also requires substantial change to financial planning and budgeting.

    Additionally, I'm unable to understand how the proposed adjustment would benefit the trade deficit; the debt the US owes for goods acquired from other countries. Let's face it, a rewrite of tax code neither increases nor decreases gross domestic product.

    Have I overlooked something?

    People who discuss politics with family and friends are significantly better informed than those who avoid political talk (2004 publication from American National Election Studies www.electionstudies.org/)
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    Dec 18, 2011 8:30 PM GMT
    DBQmark said
    Additionally, I'm unable to understand how the proposed adjustment would benefit the trade deficit; the debt the US owes for goods acquired from other countries. Let's face it, a rewrite of tax code neither increases nor decreases gross domestic product.

    Have I overlooked something?


    Of course it does. If the lower income people pay more taxes, they won't have as much money to go to Walmart, and thus we won't have as much trade deficit with China.

    j/kicon_lol.gif
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    Dec 18, 2011 10:29 PM GMT
    Does a flat tax necessarily have to be the same rate for everyone to still be considered a flat tax? Why not a flat tax rate for incomes from minimum wage to $20,000 a year, then another flat tax rate from $21,000 to $50,000, then another rate from $51,000 to $100,000, another rate from $101,000 to $200,000, and so on up to a Million dollar income above which all pay the same rate. That could solve q1w2e3's problem with the flat tax in a fair and equitable way, and put a lot of pain in the ass IRS workers out of work saving our government a lot right there.
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    Dec 18, 2011 10:41 PM GMT
    realifedad said Does a flat tax necessarily have to be the same rate for everyone to still be considered a flat tax? Why not a flat tax rate for incomes from minimum wage to $20,000 a year, then another flat tax rate from $21,000 to $50,000, then another rate from $51,000 to $100,000, another rate from $101,000 to $200,000, and so on up to a Million dollar income above which all pay the same rate. That could solve q1w2e3's problem with the flat tax in a fair and equitable way, and put a lot of pain in the ass IRS workers out of work saving our government a lot right there.


    That is by definition not a flat tax. Progressive taxation is a hallmark and necessity of Western-style democracy.
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    Dec 18, 2011 10:49 PM GMT
    Christian73 said
    realifedad said Does a flat tax necessarily have to be the same rate for everyone to still be considered a flat tax? Why not a flat tax rate for incomes from minimum wage to $20,000 a year, then another flat tax rate from $21,000 to $50,000, then another rate from $51,000 to $100,000, another rate from $101,000 to $200,000, and so on up to a Million dollar income above which all pay the same rate. That could solve q1w2e3's problem with the flat tax in a fair and equitable way, and put a lot of pain in the ass IRS workers out of work saving our government a lot right there.


    That is by definition not a flat tax. Progressive taxation is a hallmark and necessity of Western-style democracy.



    Well then lets call it a progressive tax, something down this line makes a lot more sense than this mess we have now.
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    Dec 19, 2011 12:18 AM GMT
    We need a flat Tax. A Flat Tax is fair. The Rich should have more money, a lot more money. They work for it. If the lower income people wants more money then they have to better themselves and stop whining.

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    Dec 19, 2011 12:30 AM GMT
    CHRISTOPHER34 saidWe need a flat Tax. A Flat Tax is fair. The Rich should have more money, a lot more money. They work for it. If the lower income people wants more money then they have to better themselves and stop whining.





    Not all the working poor are shiftless or lazy and are doing everything they can, and who the hell says they are whining ? They are too busy working for a mere subsistance living to spend time whining. Where do you get such a downer attitude toward those who aren't rich? Are you rich ?
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    Dec 19, 2011 12:34 AM GMT
    realifedad said
    CHRISTOPHER34 saidWe need a flat Tax. A Flat Tax is fair. The Rich should have more money, a lot more money. They work for it. If the lower income people wants more money then they have to better themselves and stop whining.





    Not all the working poor are shiftless or lazy and are doing everything they can, and who the hell says they are whining ? They are too busy working for a mere subsistance living to spend time whining. Where do you get such a downer attitude toward those who aren't rich? Are you rich ?


    I am not rich. I work for all that I have. I have made a lot of rich contacts along the way who have helped open doors for me. I have learned throughout life that anyone can do anything if they have a positive attitude and put their minds to it. The people who are having a hard time need to turn to the churches and private organizations, thats why they exist to help people.
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    Dec 19, 2011 12:43 AM GMT
    CHRISTOPHER34 said
    realifedad said
    CHRISTOPHER34 saidWe need a flat Tax. A Flat Tax is fair. The Rich should have more money, a lot more money. They work for it. If the lower income people wants more money then they have to better themselves and stop whining.





    Not all the working poor are shiftless or lazy and are doing everything they can, and who the hell says they are whining ? They are too busy working for a mere subsistance living to spend time whining. Where do you get such a downer attitude toward those who aren't rich? Are you rich ?


    I am not rich. I work for all that I have. I have made a lot of rich contacts along the way who have helped open doors for me. I have learned throughout life that anyone can do anything if they have a positive attitude and put their minds to it. The people who are having a hard time need to turn to the churches and private organizations, thats why they exist to help people.



    I wasn't rich neither, I worked very hard and reached a level of success that I am happy with, but I have no disdain for those who are struggling and haven't reached my level of success. Relying on churches didn't suffice or there wouldn't have been the programs we have now as buffers against stark poverty.

    May I ask how old are you ? Have you faced the reality that you could lose your health through no fault of your own and may need assistance to keep you from falling into desparate poverty ?
  • KissTheSky

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    Dec 19, 2011 1:01 AM GMT
    Yet another thread boo-hooing about the "plight" of the ultra-rich.
    What if someone asks them to pay a tiny fraction more in taxes?
    Something must be done to help the ultra-rich! icon_surprised.gif
    Wait, let's cut all the social services and then we can afford more tax cuts for the billionaires! The millions of impoverished and homeless can just rely on "the churches," right?

    What B.S.
    Regular Americans are not worrying about the 1%, because the 1% is doing great.
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    Dec 19, 2011 1:20 AM GMT
    KissTheSky saidYet another thread boo-hooing about the plight of the ultra-rich.
    What if someone asks them to pay a tiny fraction more in taxes?
    Something must be done to help the ultra-rich! icon_surprised.gif
    Wait, let's cut all the social services and then we can afford more tax cuts for the billionaires! The millions of impoverished and homeless can just rely on "the churches," right?

    What B.S.
    Regular Americans are not worrying about the 1%, because the 1% is doing great.


    It's literally the Palace lie. icon_cool.gif
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    Dec 19, 2011 4:34 AM GMT
    southbeach1500 said
    Christian73 said

    Progressive taxation is a hallmark and necessity of Western-style democracy.


    You almost got it right. Here is the correct version:


    Progressive taxation is a hallmark and necessity of failed Western-style democracy.


    Examples of successful Western-style democracies with flat taxes include? icon_rolleyes.gif
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    Dec 19, 2011 4:36 AM GMT
    southbeach1500 said
    KissTheSky saidYet another thread boo-hooing about the "plight" of the ultra-rich.
    What if someone asks them to pay a tiny fraction more in taxes?
    Something must be done to help the ultra-rich! icon_surprised.gif
    Wait, let's cut all the social services and then we can afford more tax cuts for the billionaires! The millions of impoverished and homeless can just rely on "the churches," right?

    What B.S.
    Regular Americans are not worrying about the 1%, because the 1% is doing great.



    A society can't survive when 50% of the population pays ZERO in Federal income taxes.


    Sure it can. When they pay the payroll taxes that make up nearly 40% of all federal revenue. Perhaps corporations should go back to paying the 25% of revenue they used to pay and not the <10% they currently pay.
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    Dec 19, 2011 8:06 AM GMT
    QUOTE AUTHOR GOES HERESure it can. When they pay the payroll taxes that make up nearly 40% of all federal revenue. Perhaps corporations should go back to paying the 25% of revenue they used to pay and not the <10% they currently pay.


    And you'll see even more outsourcing of jobs to places with lower tax burdens.

    Best case scenario:

    The 10%/100K rule.

    If you make less than $100K USD per year, pay zero income tax.

    Make more than $100K? Then a dime for every dollar goes to Uncle Sam.

    No deductions.

    No exemptions.

    No tax shelters.

    No special considerations.