cool new way to fix the debt, but it should wait.

[Meerkat]

http://zionistinfidelalliance.wordpress.com/2010/10/27/new-tax-plan-to-bring-in-4-4-trillion-and-eliminate-the-debt/
http://www.wnd.com/?pageId=220405

[Kahane-Was-Right BT]

So the solution is to bleed the citizenry dry in order to pay back the govt for all the money they blew on wasteful projects and stupidity and corruption, scandals, etc?    Yeah, that sounds like a great plan where can I sign up to fork my money over to the govt to correct their mistakes.

[muman613]

Are you sane man?

Tax everything sounds like a nightmare. Maybe because you are so young and you have not had to pay for things you think it is OK to tax everything. I already pay through my nose just to drive to and from work, paying gas taxes, toll taxes, and maintenance taxes. I do not propose that taxes be raised. The government needs to make some wise investments in order to pay off this debt. I do not have anyone out there paying off my debts for me, and there are numerous collection agencies which bleed money from me from time to time...

[Ari Ben-Canaan]

"Cool"?

Cool like a decimating kick to the groin.

Taxes are high enough already.  Cut spending [as in no more foreign aid, especially to Israel, and no more handouts for the poor or people who do not work, and no more corporate bailouts]. -- If spending is not down to absolutely "bare bones"/necessity there is no reason to speak of increasing taxes or a new tax.

Leave it to a guy named, "Fatah", to come up with a suicidal plan. 

[Meerkat]

did you read the plan? the plan is to get rid of the income tax and putting  1% tax on all transactions.

[TheCoon]

Sales taxes are more democratic than income taxation. Income tax is communism plain and simple. But no plan will work until the federal government cancels all unnecessary spending and returns to only funding what it is mandated to under the constitution. If you support income taxation you're supporting socialism.

They need to stop spending insane money and useless nation-building for muslim scum overseas, Obamacare, affirmative action for morons, government work programs, bailing out private institutions and businesses who operate in a criminal manner, social security that won't even be there when you need it, etc.

[Kahane-Was-Right BT]

did you read the plan? the plan is to get rid of the income tax and putting  1% tax on all transactions.

You realize that the citizenry makes transactions every day, right?

You realize that the design of this plan is basically - Use tax money to resolve the debt by having citizens pay the govt.

However you term it, that's not going to fly.   I'm not surprised it's a democrat offering a "solution" like this.

[Rubystars]

This is cool like a hot piece of iron out of a fire.

[HiWarp]

I would suggest that instead of reading new taxation gimmicks you concentrate on reading the Constitution. You would then see that the way to "fix" the debt is to have the federal government stop spending money on the 90%+ of the unauthorized stuff that it currently spends it on.

[TheCoon]

Taxation is still required to pay off the 14 trillion dollar debt or however big it is. Better to get it from a consumption tax than communist income taxation.

[Dr. Dan]

The problem is that the government wastes a lot of money.   Eliminate income tax thereby removing the irs from the payroll. Make sales tax 30% across the board. Watch the economy grow and people have incentive if spending there money or saving it. No more tax cheats.

[HiWarp]

The problem is that the government wastes a lot of money.   Eliminate income tax thereby removing the irs from the payroll. Make sales tax 30% across the board. Watch the economy grow and people have incentive if spending there money or saving it. No more tax cheats.

I don't know about no more tax cheats. There are quite a few people, consumers and merchants alike, that use cash to bypass paying sales tax.

[TheCoon]

People pay cash under the table to avoid payroll and withholding taxation, both of which are socialist income taxation that are anti-business.

Dr. Dan is absolutely right that the vast, vast majority of tax cheats are trying to avoid income tax and not sales taxes. Sales taxes are far harder to avoid paying because you pay it on everything and every sale has paperwork behind it. If a seller doesn't charge the sales tax and tries to "cheat" it, they have to pay it out of their own pocket. 

[Yaakov Mendel]

Sales taxes are more democratic than income taxation. 

It depends on what you mean by "democratic". Sales taxes weigh more on those for whom consumption makes up a larger share of their overall budget. These are usually the people with lower income, simply because the less income you have, the smaller your ability to save money. So "democratic" would mean : imposing a heavier burden on those who earn less, to the benefit of the upper income classes which make up a smaller part of the population ? That sounds counter-intuitive to me.

Income tax is communism plain and simple.

I don't agree. Income tax is not incompatible with private property. Income tax allows for a certain level of redistribution of wealth. That doesn't mean state ownership of the economy.

[IsraeliGovtAreKapos]

The Americans went to war for this kind of crime.

[TheCoon]

Sales taxes are more democratic than income taxation. 

It depends on what you mean by "democratic". Sales taxes weigh more on those for whom consumption makes up a larger share of their overall budget. These are usually the people with lower income, simply because the less income you have, the smaller your ability to save money. So "democratic" would mean : imposing a heavier burden on those who earn less, to the benefit of the upper income classes which make up a smaller part of the population ? That sounds counter-intuitive to me.

Income tax is communism plain and simple.

I don't agree. Income tax is not incompatible with private property. Income tax allows for a certain level of redistribution of wealth. That doesn't mean state ownership of the economy.

Rich people have more money and spend more anyways. The more money you put in their pockets the more likely they are to put it back in the economy. Regardless who has more money, sales taxes allow you to make a choice as to how you spend your tax dollars.

Redistribution of wealth IS communist fiscal policy. It is taking your earnings and giving them to people who didn't earn them. The state is stealing your hard-earned money and taking away your freedom to choose how to spend it.

[Yaakov Mendel]

Rich people have more money and spend more anyways. The more money you put in their pockets the more likely they are to put it back in the economy.

Rich people spend more in absolute terms, but they spend less in proportion of their total income. Besides, they do not necessarily put money back in the economy in a way that fosters growth and employment.

Redistribution of wealth IS communist fiscal policy. It is taking your earnings and giving them to people who didn't earn them. The state is stealing your hard-earned money and taking away your freedom to choose how to spend it.

The money that the state takes from upper income citizens is not always money that was hard-earned. The money made by people who own real estate property and rent it, is not hard-earned money. Likewise, income derived from financial holdings is not hard-earned money. Likewise, the millions made by celebrities just by showing their faces for 30 seconds on a TV ad are not hard-earned money. But the small amount of money made by the garbage man who wakes up in the middle of the night to go to work, that is hard-earned money.
Besides, the state does not "steal" your money. Who pays for the roads on which you drive ? Who pays for the police and the army and the courts of law ? Who pays for infrastructure such as schools, hospitals, post offices in areas where the private sector could not offer those services because they could not make a profit out of them ? Of course, not all public money is wisely spent and we should be wary of public intervention in the private sector as a general rule. But you cannot say that the money taken from you by the state to finance the production of public goods and services that market forces are not in a position to provide, is "stolen" money.

[TheCoon]

You can't argue class warfare like that. It just won't work. Yes, if a celebrity shows their face for 30 seconds it is hard earned money because that's what the free market will pay them for showing up. It is dictated by market forces. Same for that garbageman who makes his money waking up early. You can't dictate what is hard-earned and what isn't. If it is legal and dictated by the free market you're good to go.

You outlined a lot of things the government shouldn't be paying for in the first place like schools and hospitals. These could easily be run by private companies. There are thousands of private schools around the country. Probably same for hospitals as well. Roads can also be paid for by tolls for instance. There are many toll highways for instance that are run by private corporations and they are usually far better taken care of than state-run roads where you see Mexican illegal workers sitting around smoking dope fixing the same pothole over and over for years. The state should give an army and police and the rest can be left to private companies via tax incentives.

If you give money back to rich people/companies they will create employment opportunities far more than socialistically redistributing wealth to poor people.

[Dr. Dan]

I am all for helping the elderly and the disabled and on occasion those who are short on their luck...

With the exception of the elderly and disabled, being poor should be an uncomfortable situation and those who are in that situation should do their best to get out of it.  Unfortunately, our government doesn't have any incentives for lazy poor people.

As far as those out there who purposely have lots of children just to get welfare, I think I have a controversial solution.  We can offer a $5000 ck for their sterilization....and really we know which group of people would accept this...and btw, it's all volutary.

[Yaakov Mendel]

You can't argue class warfare like that.

Where did I ever argue class warfare ?? For the record, I'm not marxist !

Yes, if a celebrity shows their face for 30 seconds it is hard earned money because that's what the free market will pay them for showing up. It is dictated by market forces. Same for that garbageman who makes his money waking up early. You can't dictate what is hard-earned and what isn't. If it is legal and dictated by the free market you're good to go.

So, if it is dictated by market forces, it is necessarily good ? If it is legal, it is necessarily good ? Come on...
Actually you're the one dictating what is hard-earned and what isn't, and your criterion is strange : market prices. I say that when someone earns money without working, just by cashing in on property he inherited, that's not hard-earned money, because it does not involve effort nor talent.

You outlined a lot of things the government shouldn't be paying for in the first place like schools and hospitals. These could easily be run by private companies. There are thousands of private schools around the country. Probably same for hospitals as well. Roads can also be paid for by tolls for instance. There are many toll highways for instance that are run by private corporations and they are usually far better taken care of than state-run roads where you see Mexican illegal workers sitting around smoking dope fixing the same pothole over and over for years. The state should give an army and police and the rest can be left to private companies via tax incentives.

I did not say that all this infrastructure must always be financed and managed by public entities. There are many instances where, indeed, it is better to have them run privately. I referred to the cases where the private sector cannot provide for them because they would not be financially profitable and yet there's a social need for them. Besides, private services are not always more cost-effective as shown in the energy, the transportation or the medical sectors. There can be wastes in the private sector too.

If you give money back to rich people/companies they will create employment opportunities far more than socialistically redistributing wealth to poor people.

Not necessarily. If the economy is in a demand-driven recession, you'd better reallocate money to those who consume more rather than to those who save more, especially if the latter favor financial investments that do not contribute to growth and employment.

[HiWarp]

You guys are missing the point. It's not that government should or shouldn't be paying for schools or hospitals or police or firehouses...it's that these are functions of LOCAL governments, not Washington D.C. Case in point, if I pay property taxes to my town, 75% of which go to my local school district, why do I need to pay for a state department of education and further why do I need to also pay for a federal department of education that does nothing but collect money from all states and then redistributes it disproportionately to the states that they deem worthy?

[muman613]

Taxing each and every monetary transaction will have a cumulative effect which will cause all services and products to become more and more expensive. The manufacturer will pass on the cost to the consumer. The consumer will be the one who is hurt by this. Already I have to pay fees through the roof in order to get access to the money which I work hard for each day...

[Kahane-Was-Right BT]

This is cool like a hot piece of iron out of a fire.

lol 

[FreedomFighter08]

Cut aid to every country in the world and send our troops back from Iraq.

Trillions and trillions saved. Cut spending after the recession is over. Keep taxes the same.