stones, yeah, the current tax system increases the % tax burden on you as you go from poor to lower middle class to middle class which is really stupid. You should still be paying the same % in taxes after you get the raise, you’d be paying more overall since you have more to be taxed, but you shouldn’t be penalized for achieving, this is the opposite of what US policy should be. Charity should be private, yeah, someday we’ll give everyone a 60% tax cut and let them decide their charity giving
@RuflessRecords: yes, but that’s an incentive for poor people to try to gain more income by bettering themselves for the betterment of their community. otherwise, they are where they are for a reason.
@giroguy22: there was a time when people in the U.S. were able to pursue happiness, which includes wealth. it’s not yours, it is theirs–they earned it. but as quizerry stated, it is unfair to levy only wealthy because it punishes success, which is exactly what the NWO wants so they get to set up an “agency” to oversee this task and all the while making money off it.
i agree. everyone is born with what they have (or do not have) for a reason. everyone has a purpose as part of the good of the whole world, whether they realize it or not.
If you’re for a flat tax either way, a sales tax is no more “unfair” to the poor than an income tax. In fact, the little that the poor could save would be untaxed, whereas with a flat income tax, everything they earn would be taxed. If you put in an exemption for those making under 15000 or so, you could do the same with a sales tax, give out exemption cards they could have scanned with their ID on purchases to avoid the tax. But, I think the poor should pay the same %.
These healthcare “reform” bills are just rewarding Insurance Companies. I can’t believe people don’t see that. Government already sets the prices for 1/2 the healthcare sector directly and the other 1/2 indirectly. The control production and consumption thru regulation and mandates. They have done a lousy job of keeping cost down. Because those regulations and mandates usually benefit the healthcare industry and politicians pockets at the consumers expense. Get the Gov. out of healthcare..
If you are an average worker who works hard for 30 years and pays that 12.5% into SS you collect a check up on retirement from SS. However if you pass away while on SS. You pay a 100% death tax because the Government get all that money you paid in.. Now, If you had taken that money (12.5%) and invested it in stocks bonds and IRA you would have close to a million dollars of legacy to leave to your children. So how do you like paying 100% death tax?
The death tax is an unfair levy that punishes success, discourages savings and kills jobs.The death tax discourages economic growth by reducing savings and investments. Other Nations figured out the death tax does alot of damage in a competitive global market. Hong Kong China, Austria, Sweden, Russia, New Zwland are a few who have abolished the death tax. They all founf it is senseless to penalize wealth creation. It is bad economics and grave robbing by the IRS
Peter I just watched your full banker speech from ‘06 for the first time [i have watched smaller debates, interviews, etc from that time]. You were dead on. Not only that, but your core message has not changed and it remains true today. Keep up the good work, I support you!
hello peter, i find it hard to believe that you think legacy wealth is a good idea. it is obscene, just like a monarchy or dynasty! the only thing different between a family that benefits from legacy wealth and a family that is a monarchy is the name! i would love for you to address this.
@quizerry what a very big reply with very little substance! like peter said life isnt fair!!! i didnt earn it so it isnt mine, but….if i worked hard and saved then i could afford to cover the inheritance tax gap?? and if not, someone else who has worked hard and saved could buy the business from the gov and then that money could be wiped from the system by the gov…legacy wealth and making money from having money hurts us all, why cant you see that?
Regardless of health statistics, Japan’s system spends less and gets more than the U.S. in terms of services.
Same with Britain. Their NHS spends 8.3% GDP on healthcare, covers everyone, and has zero co-pay on general and vital care. Their preventive care system rewards doctors up to double their salary in bonuses if their patients stay healthy, reducing overall costs. All while numerous studies show that 95% of NHS users rate the system as great to excellent.
quiz, sounds great, here’s a problem I came up with though on throwing out all income tax returns, and income taxes and instituting a flat sales tax…how do we stop people buying just across the border or elsewhere to avoid paying taxes? We’d need to do something like charge a tax on anything our citizens try to bring back from other countries. To make it impossible to avoid paying up on purchases.
What you described is the use of the state laws to restrict competition on the basis that only registered biz within the state and answerable to state laws should supply the services. It becomes the wrongful use when the conditions for registration favor only the Big Boys and enhance their monopolistic network
You know there are studies that say if we had a flat tax of as little as 18% for anyone making over 50k. No deductions The Government would have twice as much money and we would all be better off. If we cut our corporate tax in half we could attract more business and grow existing business. If you developed a product to be sold worldwide would you open your factory here where corporate tax is 38% or in ireland where it is 12%
@giroguy22 If you parents started a business and worked 60 hours a week to succeed and grow the business. Paid the quarterly taxes, payrole taxes, fica,mica taxes. Real estate taxes, corporate taxes, sales taxes,profit taxes. Not just provided income and livelyhood for you but several other families employed by them. Now you work that business with your parents and then tragically the pass away. You are now stuck with 50% inheritance tax and can’t pay it and stay in business. Everyone looses.
@mesmeriffic The problem they have as well as the U.S. is overutilization of insurance or government healthcare. When 3rd parties take care of you health dollars people tend to abuse the system. In the U.S. we are issued more unneeded drugs then anywhere. Why because our insurance pays for it. We run to the Doctor for a scratch or common cold. Why because insurance pays for it. We don’t even know what it cost.
@CommanderUTube Big Insurance Company Money has bought off the Dems to NOT allow purchasing across state lines which would create huge competition and force companies to reduce premiums. In Ky a plan cost $450 a month, that same plan in Ma. cost $1200 a month. What if we could all shop nation wide for that cheap plan. We’d have hundreds competing for our business instead of the handfull that hold the monopoly in your state or city.
The Senate health care bill is a massive $450 billion bailout for private insurance companies that will drive health insurance premiums and taxes higher while reducing quality. We may have a private market but private isn’t free market when the Government calls all the shots.
In a true free market consumers would be driving prices and quality not the Government.
MrJadamccaddens Said,
January 13, 2010 @ 11:16 am
hmzhat jemand Lust mit mir zu chatten bin wieder Einsam und gelangweilt
knowledgebased2000 Said,
January 13, 2010 @ 11:54 am
Schiff you have this Senate race in my opinion, I am going to send you money and help with your election.
RuflessRecords Said,
January 13, 2010 @ 12:50 pm
stones, yeah, the current tax system increases the % tax burden on you as you go from poor to lower middle class to middle class which is really stupid. You should still be paying the same % in taxes after you get the raise, you’d be paying more overall since you have more to be taxed, but you shouldn’t be penalized for achieving, this is the opposite of what US policy should be. Charity should be private, yeah, someday we’ll give everyone a 60% tax cut and let them decide their charity giving
stonescourt3 Said,
January 13, 2010 @ 1:24 pm
@RuflessRecords: and that’s why charity begins at home.
stonescourt3 Said,
January 13, 2010 @ 2:02 pm
@RuflessRecords: yes, but that’s an incentive for poor people to try to gain more income by bettering themselves for the betterment of their community. otherwise, they are where they are for a reason.
stonescourt3 Said,
January 13, 2010 @ 2:11 pm
@giroguy22: there was a time when people in the U.S. were able to pursue happiness, which includes wealth. it’s not yours, it is theirs–they earned it. but as quizerry stated, it is unfair to levy only wealthy because it punishes success, which is exactly what the NWO wants so they get to set up an “agency” to oversee this task and all the while making money off it.
stonescourt3 Said,
January 13, 2010 @ 2:14 pm
i agree. everyone is born with what they have (or do not have) for a reason. everyone has a purpose as part of the good of the whole world, whether they realize it or not.
1776Rosco Said,
January 13, 2010 @ 2:26 pm
Order it on the internet like I do. :p
RuflessRecords Said,
January 13, 2010 @ 2:46 pm
If you’re for a flat tax either way, a sales tax is no more “unfair” to the poor than an income tax. In fact, the little that the poor could save would be untaxed, whereas with a flat income tax, everything they earn would be taxed. If you put in an exemption for those making under 15000 or so, you could do the same with a sales tax, give out exemption cards they could have scanned with their ID on purchases to avoid the tax. But, I think the poor should pay the same %.
quizerry Said,
January 13, 2010 @ 3:38 pm
These healthcare “reform” bills are just rewarding Insurance Companies. I can’t believe people don’t see that. Government already sets the prices for 1/2 the healthcare sector directly and the other 1/2 indirectly. The control production and consumption thru regulation and mandates. They have done a lousy job of keeping cost down. Because those regulations and mandates usually benefit the healthcare industry and politicians pockets at the consumers expense. Get the Gov. out of healthcare..
quizerry Said,
January 13, 2010 @ 4:13 pm
@RuflessRecords Not a sales tax a flat Income tax. Sales tax is probably the most unfair tax there is. The poor pay the same as the rich.
quizerry Said,
January 13, 2010 @ 4:28 pm
If you are an average worker who works hard for 30 years and pays that 12.5% into SS you collect a check up on retirement from SS. However if you pass away while on SS. You pay a 100% death tax because the Government get all that money you paid in.. Now, If you had taken that money (12.5%) and invested it in stocks bonds and IRA you would have close to a million dollars of legacy to leave to your children. So how do you like paying 100% death tax?
quizerry Said,
January 13, 2010 @ 4:59 pm
The death tax is an unfair levy that punishes success, discourages savings and kills jobs.The death tax discourages economic growth by reducing savings and investments. Other Nations figured out the death tax does alot of damage in a competitive global market. Hong Kong China, Austria, Sweden, Russia, New Zwland are a few who have abolished the death tax. They all founf it is senseless to penalize wealth creation. It is bad economics and grave robbing by the IRS
sexyjess8932 Said,
January 13, 2010 @ 5:28 pm
Everyone be happy for me please. I just broke up with my abusive EX, it was about time!!!!
mtwood992211 Said,
January 13, 2010 @ 6:15 pm
Peter I just watched your full banker speech from ‘06 for the first time [i have watched smaller debates, interviews, etc from that time]. You were dead on. Not only that, but your core message has not changed and it remains true today. Keep up the good work, I support you!
giroguy22 Said,
January 13, 2010 @ 6:41 pm
hello peter, i find it hard to believe that you think legacy wealth is a good idea. it is obscene, just like a monarchy or dynasty! the only thing different between a family that benefits from legacy wealth and a family that is a monarchy is the name! i would love for you to address this.
giroguy22 Said,
January 13, 2010 @ 7:12 pm
@quizerry what a very big reply with very little substance! like peter said life isnt fair!!! i didnt earn it so it isnt mine, but….if i worked hard and saved then i could afford to cover the inheritance tax gap?? and if not, someone else who has worked hard and saved could buy the business from the gov and then that money could be wiped from the system by the gov…legacy wealth and making money from having money hurts us all, why cant you see that?
mesmeriffic Said,
January 13, 2010 @ 7:49 pm
Regardless of health statistics, Japan’s system spends less and gets more than the U.S. in terms of services.
Same with Britain. Their NHS spends 8.3% GDP on healthcare, covers everyone, and has zero co-pay on general and vital care. Their preventive care system rewards doctors up to double their salary in bonuses if their patients stay healthy, reducing overall costs. All while numerous studies show that 95% of NHS users rate the system as great to excellent.
RuflessRecords Said,
January 13, 2010 @ 8:23 pm
quiz, sounds great, here’s a problem I came up with though on throwing out all income tax returns, and income taxes and instituting a flat sales tax…how do we stop people buying just across the border or elsewhere to avoid paying taxes? We’d need to do something like charge a tax on anything our citizens try to bring back from other countries. To make it impossible to avoid paying up on purchases.
CommanderUTube Said,
January 13, 2010 @ 8:36 pm
What you described is the use of the state laws to restrict competition on the basis that only registered biz within the state and answerable to state laws should supply the services. It becomes the wrongful use when the conditions for registration favor only the Big Boys and enhance their monopolistic network
quizerry Said,
January 13, 2010 @ 9:08 pm
You know there are studies that say if we had a flat tax of as little as 18% for anyone making over 50k. No deductions The Government would have twice as much money and we would all be better off. If we cut our corporate tax in half we could attract more business and grow existing business. If you developed a product to be sold worldwide would you open your factory here where corporate tax is 38% or in ireland where it is 12%
quizerry Said,
January 13, 2010 @ 9:27 pm
@giroguy22 If you parents started a business and worked 60 hours a week to succeed and grow the business. Paid the quarterly taxes, payrole taxes, fica,mica taxes. Real estate taxes, corporate taxes, sales taxes,profit taxes. Not just provided income and livelyhood for you but several other families employed by them. Now you work that business with your parents and then tragically the pass away. You are now stuck with 50% inheritance tax and can’t pay it and stay in business. Everyone looses.
quizerry Said,
January 13, 2010 @ 10:07 pm
@mesmeriffic The problem they have as well as the U.S. is overutilization of insurance or government healthcare. When 3rd parties take care of you health dollars people tend to abuse the system. In the U.S. we are issued more unneeded drugs then anywhere. Why because our insurance pays for it. We run to the Doctor for a scratch or common cold. Why because insurance pays for it. We don’t even know what it cost.
quizerry Said,
January 13, 2010 @ 10:24 pm
@CommanderUTube Big Insurance Company Money has bought off the Dems to NOT allow purchasing across state lines which would create huge competition and force companies to reduce premiums. In Ky a plan cost $450 a month, that same plan in Ma. cost $1200 a month. What if we could all shop nation wide for that cheap plan. We’d have hundreds competing for our business instead of the handfull that hold the monopoly in your state or city.
quizerry Said,
January 13, 2010 @ 10:35 pm
The Senate health care bill is a massive $450 billion bailout for private insurance companies that will drive health insurance premiums and taxes higher while reducing quality. We may have a private market but private isn’t free market when the Government calls all the shots.
In a true free market consumers would be driving prices and quality not the Government.