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Avatar of Ryan Hill
Ryan Hill @foaryan 7 years, 5 months ago

Though I’m against the income tax entirely (when did it become the government’s business what you make and how?), a flat tax would be a huge improvement over the current system.

I’d be for a 10% – or 9 – flat tax as opposed to the progressive one we have now.

The real way to start the income tax repeal movement is in the states. As more states move that direction we will see and realize the benefits.

         
Avatar of James L. Riggs
James L. Riggs @jlriggs57aol-com 7 years, 5 months ago

The idea here is to share ideas about different topics to help each other, including me, to see differing points of view on these topics. A zero income tax sounds very appealing, and maybe enough could be made from sales taxes, I don’t know, maybe. Possibly if we had some information on what a projected amount would be if we used just a sales tax as compared to what the country would need to pay off the National Debt, which would get us out of hock to China, and keep the country running, it would be easier to see if a zero income tax would be feasible. I am still of the mind, for now, that if we are to pay off the national debt and be free of any foreign debt, a flat tax is still a fair tax, even if it’s only temporary until we are standing on our own two feet again.

         
Avatar of Gary
Gary @grand-vizier 7 years, 4 months ago

Honestly I was stunned by the idea of reviving “Letters of Marque and reprisal”
As a history buff I can say with no doubt that those actions were pretty much legalized Piracy with the Pirates splitting the booty with the issuing government.(kind of like companies and unions campaign contributions)
Lots of luck getting any government to allow private ownership of warships or other modern weapons required to make this work. Right Sir,I want to purchase a few destroyers and add a couple of helicopter gunships as well.
People,THINK before you offer these Ideas.
Conquest and looting was the business plan in those times.
As to the military if we dont have sufficient power to maintain our freedom there won’t be anything to tax,nor will we be able to have these free discussions.
Of course there is waste in the military,it’s a government entity and those people don’t have the same concerns that the people paying for it do.Read a bit of history ,you will fint we nearly lost the revolutionary war because no one wanted to send General Washington any money or pay for supplies.
WHATS NEW ??
I’m with Riggs about welfare but I am sure Obamacare is NUTS.
Lets face it,a modern country cannot survive on duties etc.Roads ,airports,ports and hundreds of other things need to be paid for. Even I ,who detests the level of theft,waste and vote buying using my taxes, believes we need taxes.I favor a flat tax,I don’t think a sales taxe will suffice for reasons too numerious to explain here ( I may be wrong) but one thing is certain,a system where people can find ways to avoid taxes on large incomes and people who vote for things for free and pay no taxes is sooner or later going to fail.

         
Avatar of Gary
Gary @grand-vizier 7 years, 4 months ago

@jlriggs57aol-com James: Yes,I have thought about and understood all that for years,I see you are one of us that sees the greater picture.I did not want to use the 10% figure for concern that such a low number might be misunderstood but I
agree with you.The government,properly sized and run with even a modicum
of decent management can run very well and provide the services necessary on 10% of the huge cash flow of our economy . If you like to read and can find it ,William Simon’s book “A Time For Truth”written in 1979 is really worth digging up.He clearly foretold all this even then, and offers some solutions. Simon was Treasury Secretary from 74/77 Chairman of the Economic Policy Board,Chairman of Federal Energy Office, and the East-West Foreign Trade board before returning to senior positions in private business. I know this is old stuff, but hell,I’m an old guyIts a pleasure to discuss this with you on Volkalize. Cool site I think.

         
Avatar of Gary
Gary @grand-vizier 7 years, 4 months ago

@jlriggs57aol-com James: Yes,I have thought about and understood all that for years,I see you are one of us that sees the greater picture.I did not want to use the 10% figure for concern that such a low number might be misunderstood but I
agree with you.The government,properly sized and run with even a modicum
of decent management can run very well and provide the services necessary on 10% of the huge cash flow of our economy . If you like to read and can find it ,William Simon’s book “A Time For Truth”written in 1979 is really worth digging up.He clearly foretold all this even then, and offers some solutions. Simon was Treasury Secretary from 74/77 Chairman of the Economic Policy Board,Chairman of Federal Energy Office, and the East-West Foreign Trade board before returning to senior positions in private business. I know this is old stuff, but hell,I’m an old guyIts a pleasure to discuss this with you on Volkalize. Cool site I think.

         
Avatar of James L. Riggs
James L. Riggs @jlriggs57aol-com 7 years, 4 months ago

So far I’m a Volkalize fan also. Will see what I can dig up on “A time For Truth”, thanks for the heads up. Obamacare is, without a doubt, the worst idea we’ve had thrust upon us for years. It has been tried and has failed so poorly elsewhere that most have abandoned the idea. Thank you for your input and I hope to talk with you again in the future.

         
Avatar of Gary
Gary @grand-vizier 7 years, 4 months ago

Just another thought on good old Warren Buffet with the overtaxed secretary.
Warren ,bless his soul doesn’t need any income.
He has Billions in investments. Rather than take a salary he can simply borrow what ever he needs tax free against his holdings. The interest is deductible against whatever income he can’t avoid taking.
Warren supports inheritance taxes so he can sell insurance to others who need it to pay inheritance taxes.
Warren opposes the Canadian pipeline because he owns railroads and a company that makes tank cars to haul oil.
Warren thinks taxing people who own private jets is good because he sells them the use of NetJets.
If you we’re thinking Warren is. public spirited guy get a grip on yourself brother.
Only if it profits Warren.

         

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