Our Economy Could Be In Surplus In Less Than A Year With A 1% Wall Street Sales Tax

reply to post by ThirdEyeofHorus


I'm saying maybe this is something we should be demanding. A 1% trade transaction tax and abolition of all other taxes.

reply to post by Kali74

abolition of all other taxes.

Yes.
Let the gamblers pay for playing.

reply to post by Kali74


I would be all for a 1 percent or even a 5 percent tax on transactions.
It would put an end to the criminal high frequency trading that steals from everyone to pad the bigboys pockets.YuRt

Originally posted by Kali74
reply to post by ThirdEyeofHorus

 

I'm saying maybe this is something we should be demanding. A 1% trade transaction tax and abolition of all other taxes.

A 1% tax on everyone?

Poor,middle,rich,corporations?

They would have to end ALL subsidies to everyone that means BIG oil,Agriculture,Education, and the big 3 SS, medicare,medicaid.

Because that is the bulk of federal spending.

reply to post by neo96


I'm not going to engage in your ridiculous ,'I hate democrats and everyone Left is a democrat' vitriol. I'm not going to engage in your, tit for tat, BS. Who did this, who did that equates to two 5 year olds standing in front of a broken vase with both claiming innocence, when they were both playing football in the house.

I had a suggestion, I shared it. Your dislike of my suggestion is noted but understand something... it is my suggestion, it isn't the Left's suggestion, it isn't the Democrat's suggestion, it isn't Progressives... it's mine.

That goes equally for you ThirdeyeofHorus.

Originally posted by neo96

Originally posted by Kali74
reply to post by ThirdEyeofHorus

 

I'm saying maybe this is something we should be demanding. A 1% trade transaction tax and abolition of all other taxes.

A 1% tax on everyone?

Poor,middle,rich,corporations?

They would have to end ALL subsidies to everyone that means BIG oil,Agriculture,Education, and the big 3 SS, medicare,medicaid.

Because that is the bulk of federal spending.

actually the bulk of federal spending is military.


productivity increase


averaged taxes payed by sector

if you want to talk in facts that is

xploder

reply to post by Kali74

I'm not going to engage in your ridiculous ,'I hate democrats and everyone Left is a democrat' vitriol. I'm not going to engage in your, tit for tat, BS. Who did this, who did that equates to two 5 year olds standing in front of a broken vase with both claiming innocence, when they were both playing football in the house.

Thats fine but someone did say this:

A 1% trade transaction tax and abolition of all other taxes.

Gas tax, and payroll tax,Fica would be nixced by "abolition of all other taxes".

reply to post by XPLodER

actually the bulk of federal spending is military.

No.

In 2010 alone, government at all levels oversaw a transfer of over $2.2 trillion in money, goods and services. The burden of these entitlements came to slightly more than $7,200 for every person in America. Scaled against a notional family of four, the average entitlements burden for that year alone approached $29,000.

online.wsj.com...

Yeah lets talk facts

Everyone has charts:

Originally posted by Kali74
reply to post by ThirdEyeofHorus

 

I'm saying maybe this is something we should be demanding. A 1% trade transaction tax and abolition of all other taxes.

Nice try but that is not what is going to happen. What would happen if suddenly your local property tax is not levied but people in stock markets were suddenly having to pay for all that stuff on a federal level. What you are advocating then is even more radical, that the wealthy have to pay for everyone's schooling and all the firemen and all the public school teacher's salaries and all the roads. Totally outrageous, not to mention it would centralized everything even more.

It's a completely nutty plan no matter what way you slice the pie.

Originally posted by neo96
reply to post by XPLodER

 

actually the bulk of federal spending is military.

No.

In 2010 alone, government at all levels oversaw a transfer of over $2.2 trillion in money, goods and services. The burden of these entitlements came to slightly more than $7,200 for every person in America. Scaled against a notional family of four, the average entitlements burden for that year alone approached $29,000.

online.wsj.com...

Yeah lets talk facts

where are your black budget figuars?

mmmmmm?

bigest problem is the bush tax cuts ruined your economy


during times of war the top percentile was asked to pay 70-90% tax

during the last 10 years os war the top tax rates have acually dropped,



lower taxes collected plus higher milatery expenditure =
deficiet

you love war and hate health and education

xploder

reply to post by neo96


you hate people dont you,
you love war dont you?



while the rich get richer of war,
they pay less in taxes and now that the deficit has ballooned you want to cut the poor from the system



you really dont know what you are saying do you?
smaller govenment when it helps people bigger govenment when it means war profits

you are really a war monger

xploder

reply to post by XPLodER


Nice try government programs cost increased every year because more people are consuming wealth than return.

Nice always do love the "blame bush" for everything

reply to post by ThirdEyeofHorus


Another one. Before your argument was it's not just the rich in the trade markets, now that that point has been acknowledged and dealt with, you're back on we're trying to punish the rich and make them pay for everything. Make up your mind lady.

reply to post by XPLodER

you hate people dont you, you love war dont you?

Huh those rich people are "PEOPLE".

Do you hate people?

reply to post by neo96

Nice try government programs cost increased every year because more people are consuming wealth than return.

Nice always do love the "blame bush" for everything

actually as a mathematician i look for cause and effect,
personality or political party is of little conscience to me.

partisanship is a distraction and you know it,
keep on the facts for the debate please

xploder

Originally posted by XPLodER

actually as a mathematician i look for cause and effect,
personality or political party is of little conscience to me.

partisanship is a distraction and you know it,
keep on the facts for the debate please

xploder

No offence, but as a mathematician, you should have realised that US tax revenues have never reflected tax rates of 90%...ever.

It's all smoke and mirrors. Jack the advertised rate up to make all the lower incomes feel better, but, at the same time, increase all of the sheltering capabilities.

The facts are pretty simple. US tax code has been over complicated intentionally, to allow those that know how, to abuse those that do not.

You want an easy solution...here:

Throw out US tax code.
Implement a simple, progressive tax structure (low-10%, high 30%).
Treat all income (regardless of source) as income.

Set business tax rates as progressive based on company size.
Institute fixed budgets to each branch based on GDP/capita.

Call it a day.

Originally posted by neo96
reply to post by XPLodER

 

you hate people dont you, you love war dont you?

Huh those rich people are "PEOPLE".

Do you hate people?

i think the rich 1% are anti american,
they refuse to pay the traditional rates,


which leads to a deficit


which leads people like you to blame the wrong segment of the population because it servers your purpose to be ignorant of the facts.



your misplaced out rage proves teh point you are in error

xploder

reply to post by XPLodER


Who said this:

bigest problem is the bush tax cuts ruined your economy

Then says this:

partisanship is a distraction and you know it,

And the fact is the current administration fought to keep those "tax cuts" in place for the middle class. So whose "partisanship" haven't mention either right or left or Bush in this thread.

edit on 22-3-2013 by neo96 because: (no reason given)

reply to post by peck420


Totally with you on throwing out the US tax code.
Worst...joke...ever.

reply to post by XPLodER

i think the rich 1% are anti american, they refuse to pay the traditional rates,

That really is hilarious "anti Amerikan".

which leads to a deficit

What leads to a "deficit" is people getting more benefits than pay in taxes case in point exactly how SS is set up.

A person pays 6% someone else matches that(employer) and that shortfall(deficit) is made up by taking the difference from others which is how all government programs work,.