Universal Basic Income; 'bout time or batshit crazy?

Enigma

Well-Known Member
Income tax is a violation of the Fourth Amendment.

A flat sales tax should be implemented, then it would not matter where you keep your money. The moment you purchase anything you will be taxed on the amount you spend.

Given that, if I'm making $50k a year I will spend the same tax, by percentage, as someone making $900k per year.

The offset to this would be outsourcing, purchasing products from outside of the country. Which is fine, the tariffs placed on imports will reflect that based on currency fluctuations and demand.

The 1% won't be able to run and hide then. If they want to get away from paying taxes they won't be able to play ball in America's field.

:leaf:
 

twostrokenut

Well-Known Member
Income tax is a violation of the Fourth Amendment.

A flat sales tax should be implemented, then it would not matter where you keep your money. The moment you purchase anything you will be taxed on the amount you spend.

Given that, if I'm making $50k a year I will spend the same tax, by percentage, as someone making $900k per year.

The offset to this would be outsourcing, purchasing products from outside of the country. Which is fine, the tariffs placed on imports will reflect that based on currency fluctuations and demand.

The 1% won't be able to run and hide then. If they want to get away from paying taxes they won't be able to play ball in America's field.

:leaf:
ah but voluntarily contracting is very constitutional.

my w2 clearly says wages. yet my endorsed 1040 clearly says income.
 

Enigma

Well-Known Member
heat is energy...wasted energy in lighting....right?
If heat is needed for respiration than it is not wasted.

LED do not radiate heat the same as HID which is why people offset this by using higher ambient temps.

HID uses lower ambient temps because it radiates heat.

Place your hand under a HID, you cannot get it as close to the light emission as you can LED without burning.

:leaf:
 

Enigma

Well-Known Member
ah but voluntarily contracting is very constitutional.

my w2 clearly says wages. yet my endorsed 1040 clearly says income.
Wages and income are one on the same.

The Fourth Amendment is supposed to protect us from this, yet the herd allows this to persist. If enough people would push for another option, the flat tax option, we would level the playing field across the board.

People with lower incomes will be able to afford more, the people with higher incomes pay their fair share.

:leaf:
 

ttystikk

Well-Known Member
smart money with large sums is just to throw it in the bank.
as for investing.
Whereas ordinary dividends are taxable as ordinary income, qualified dividends that meet certain requirements are taxed at lower capital gain rates
the ones gaming the system are up here not down there
Not true. Yields are currently less then inflation. With inflation this low, that's saying something!

The smart money is looking for investment opportunities everywhere and they're getting ever more desperate- look at valuations for Uber and Tesla to get some idea.

The world is headed for a crash and the big money is most vulnerable- and they know it.
 

Enigma

Well-Known Member
induction. contains mercury yes but excess heat produces lots mercury as well on the power generating level....coal.
Mercury is extremely hazardous and is directly linked to Autism.

Have you ever wondered why we don't use leaded gasoline anymore?

Have you ever wondered where clean rooms originated?

:leaf:
 

ttystikk

Well-Known Member
but 20% of every dollar then maybe what 5% back plus min 10% on everything you buy that's still 20-25% of every single dollar gone. that's theft. it hurts the poor. for those who can afford it it is a reasonable mandatory contribution .
Tax deductions for food are Progressive.

Capping the mortgage deduction is progressive, especially when combined with incentives for home ownership.

Universal healthcare is progressive.

But moving the tax brackets around isn't out of the question, the idea is to tax those without money less than those with it.
 

Enigma

Well-Known Member
Tax deductions for food are Progressive.

Capping the mortgage deduction is progressive, especially when combined with incentives for home ownership.

Universal healthcare is progressive.

But moving the tax brackets around isn't out of the question, the idea is to tax those without money less than those with it.
A flat sales tax will accomplish all of those.
 

ttystikk

Well-Known Member
Income tax is a violation of the Fourth Amendment.

A flat sales tax should be implemented, then it would not matter where you keep your money. The moment you purchase anything you will be taxed on the amount you spend.

Given that, if I'm making $50k a year I will spend the same tax, by percentage, as someone making $900k per year.

The offset to this would be outsourcing, purchasing products from outside of the country. Which is fine, the tariffs placed on imports will reflect that based on currency fluctuations and demand.

The 1% won't be able to run and hide then. If they want to get away from paying taxes they won't be able to play ball in America's field.

:leaf:
Flat taxes, either on income or on spending are very regressive.

We need to enforce the Estate tax as well, no more gaming it with trust funds!
 

ttystikk

Well-Known Member
Wages and income are one on the same.

The Fourth Amendment is supposed to protect us from this, yet the herd allows this to persist. If enough people would push for another option, the flat tax option, we would level the playing field across the board.

People with lower incomes will be able to afford more, the people with higher incomes pay their fair share.

:leaf:
All wages are income but not all income are wages; investment income, business profit, etc. Wages should be taxed lower than other forms of income.
 
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