Trump's blatant lie about the tax cut

Every child has dreams. Doesn't mean there is any pragmaticism behind it .

 

Enteresting, so you don’t believe there is any practical successful way of replacing individual income tax with a consumption tax. Why?

 

The context is a lie. You've left it out. Context matters.

And since you're a libertarian you're predisposed to believe in the failure of 19th century society. If you had your way, the United States would look a lot like India.

 

My gosh... have you even considered how such a change would have to be implemented? What costs would be added to the purchase of products would be needed to replace revenues from income taxes? And the need to enforce sales taxes both in the execution and collection? Have you considered that no country has implemented such a system? And a state by state implementation, collection and enforcement? And states and federal government purchases... the collection of those?

A sales tax is regressive... so people that have lower income levels get the worst of this type of tax while the wealthiest would be better able to afford it. So how is that "fair"? Worse... someone that has been paying into the income tax systems for many years and is retiring... now just when their income tax goes down they get hit with this? How is that considered "fair"?

So no... I don't think a consumption tax replacing the income tax system is possible.

 

Tax curruption is already rampant correct? Isn’t that part of the complaint already? The rich can hide their money in tax shelters and loop holes? Not wanting to change because your worried about people cheering the system sounds a bit like whining.

So you don’t think there is any philosophical reason a consumption tax won’t work?

 

I respectfully disagree with your post.

 

What context is missing? It’s basically just stats, either you believe them or you don’t? If you want to add context then add it.

And I’m only predisposed to believe there are a very finite number of things the government should be able to take my money for at the risk of jail or worse if I refuse to give my money.

I believe in a constitutional republic and I believe in capitalism. I believe socialism causes dependents to the government.

 

It's not the worst idea to implement a national consumption tax (either as a Canadian style national GST or some sort of VAT) in exchange for reducing income tax rates. Lots of countries have done something like that. The US is actually disproportionately reliant on income tax for revenue compared to other developed countries. Hell most states in the US work this way as well.

But to rely only on a consumption tax is nuts.

 

You're provided the current stats to show that x people are paying their "fair share" when in fact their "fair share" was much, much higher and that context matters.

You believe in a 19th century failed society. We agree. You basically don't understand how the welfare of your fellow citizens impacts your own.

 

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You are taxed so you are surrounded by fed and relatively educated people who have more incentive to work with you then harm or rob you. Providing a "modern" standard of living for our citizens creates stability and consumers.

 

Trump’s biggest lie is that he never exposed how the unhinged global trade and immigration policies are the biggest tax cut corporations have received in the past 40 years.

Bigger than anything signed by Reagan, Bush, or Trump.

 

You do realize that there are many african american and hispanic people on that list right?
What do you prefer - a Robin Hood approach to the problem?
Didn't think that through too well now did you...

 

There are many African Americans on the Forbes 400?
No, there are only two out of 400.... a group that makes up 13% of the us population would be expected to have 52 members..... but there are only 2...

No I don’t propose being Robin Hood. I propose first a realization that the income gap in the USA is higher than all the other western nations and that there are negative societal consequences. I propose a progressive tax with massive write offs for the wealthy that reinvest their wealth into innovation and employment. Those that choose not to can pay very high taxes and the money can go towards infrastructure, education, improving schools and healthy insurance.

 

You missed the point. A consumption tax would remove loopholes that some people use to get out of paying taxes. And tax evasion is a very real thing today and Illegal.

No, we are not taxed so it can be redistributed to people so they won’t beat us up. We have laws that prevent that.

 

I already addressed this in my response to reasons why a replacing Income Tax system with a Consumption Tax system won't work (you "respectfully disagreed"). But consumption tax doesn't remove loopholes... simply moves the loopholes. Consumption taxes simply moves the implementation and collection of taxes... and the sellers of goods and services will undoubtedly try for loopholes, causing the states (now thrust in the role of tax collector) to have to collect and police the collection. And it will likely simply shift the evasion from the income tax (citizen) payer to the goods and services seller. And since I believe business are more experienced at loopholes and evasion... it will likely only increase the problem you believe consumption tax solves.

I believe the poster is not speaking in the literal sense... instead, I believe he is suggesting that we should encourage the economic ability of everyone so that people don't need to resort to crime to exist. Since a consumption tax-based system is regressive in nature...I don't see how it helps those in the lower income categories to provide for themselves better than a progressive income-based tax system.

Of course, you can continue to respectfully disagree...

 

Code of Hammurabi dates 1754 BC. I'm sure social unrest has never occurred since then.