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mbperrin

(7,672 posts)
22. Consumption tax is the worst ever.
Mon Sep 2, 2013, 04:06 PM
Sep 2013

The richest spend a fraction of their income, and so pay on a fraction.

Poor people spend all theirs, and so are taxed on every dime. Bad idea.

The people who want to tax your 401k aren't using high corporate tax rates as a reason. They just don't want you to retire, ever. They prefer you die working and before you incur great medical expense. Screw them.

Since you've abandoned your retirement planning to your company, I very sincerely hope that works out for you. Often, it doesn't.

China has no consideration? Hmm. I guess the coming missile strike on Syria is a humanitarian gesture? And a million more examples of USA simply killing people routinely as part of business for the MIC. Check out the Keystone Pipeline and their hired thugs running property owners off their own land, including a 74 year old woman in Texas now in jail.

Nothing convoluted about 92% tax rate. Invest or pay. That's the way around it. Worked in the 50s, very well indeed.

Recommendations

0 members have recommended this reply (displayed in chronological order):

K&R Scuba Sep 2013 #1
Of course the congresscritters' corporate owners would never let them pass this. hobbit709 Sep 2013 #2
Too Far Royal777 Sep 2013 #20
Or they could use the money for unending war and to spy on citizens. dkf Sep 2013 #3
or on tax cuts for working families eShirl Sep 2013 #4
we badly need corporate tax reform in this country Celebration Sep 2013 #5
And two years later the owners buy MORE tax breaks from Congress......... socialist_n_TN Sep 2013 #15
How would you stop... FreeJoe Sep 2013 #6
That is an easy one. Half-Century Man Sep 2013 #10
It's not nearly that easy. FreeJoe Sep 2013 #16
Yes they could. But they won't. radiclib Sep 2013 #7
it's not that easy alc Sep 2013 #8
Easiest thing would be to prohibit the corporation as a business organization. mbperrin Sep 2013 #12
Yeah, that'll work ...... oldhippie Sep 2013 #17
Yes. Let business owners operate as partners in the same manner as Lloyd's of London. AnotherMcIntosh Sep 2013 #21
Yes, in their pre-1994 mode, where "Names" faced unlimited personal liability for their decisions. mbperrin Sep 2013 #23
Until we push (hard) and achieve campaign finance reform and publicly funded elections, Dustlawyer Sep 2013 #9
Where's the "idea"? The article just says to tax money held offshore 7962 Sep 2013 #11
How would you figure we have the highest corporate tax in the world? mbperrin Sep 2013 #13
If the government owns half the company, you cant compare the two. 7962 Sep 2013 #14
Well, you're on the verge of understanding something. mbperrin Sep 2013 #18
Well, I cant put my 401 anywhere but where my company SAYS I can 7962 Sep 2013 #19
Consumption tax is the worst ever. mbperrin Sep 2013 #22
Havent TOTALLY abandoned the 401! 7962 Sep 2013 #24
Good. mbperrin Sep 2013 #25
But isn't Congress being paid by the very wealthy to NOT do this? nt valerief Sep 2013 #26
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