joether
Posts: 5195
Joined: 7/24/2005 Status: offline
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quote:
ORIGINAL: OrionTheWolf Didn't see you mention anything about the prebate, which is a check everyone gets to offset their taxes in this idea. When I came to the understanding that his concept of reality as it relates to the US Debt is: Cut Spending and Taxes and that will cut the Debt as fast as we are doing it now. That was enough to say "this guy is an idiot". So, if everyone is getting a check, to offset the taxes, isn't that a 'GOVERMENT HANDOUT'? Something conservatives often always against. So if the goverment is taking in less money, how does that help reduce the deficit? GWB screwed up back in 2000, by creating the deficit and then expanding goverment. And who elected him to office a second time for this 'awesome performance of economic genius'? Conservatives. You forget, like so many tea-baggers, neo-cons and libertians, that reducing taxes does not reduce spending automatically. And if you think Democrats will simply give this guy what he wants....your in for a shock. quote:
ORIGINAL: OrionTheWolf You are only taxed at the retail level, and some things such as foods would be exempt. The idea is that those people that pay $200 for a pair of sneakers will pay more tax than those that pay $20 at Wal Mart. Really? Someone who pays $200 (or a $180 more) the the other guy buying from Wal-Mart would pay more under Cain's system? News flash for you dude....they ALREADY pay more in taxes for something that cost $200 than $20. So how is that an improvement? And if we dont buy retail (which this tax targets) but wholesale/bulk, does that mean we dont pay taxes all together? If THAT was true (which I doubt), how fast would Cain be thrown out of office for being dumber then GWB? quote:
ORIGINAL: OrionTheWolf This does not include capturing all the taxes from those that have jobs that do not report income; such as legal jobs where there are a lot of cash tips going on, to illegal jobs such as drug dealers, prostitution, etc. So, all those folks doing illegal stuff do not pay taxes? I suppose next, your going to tell me those illegal immigrants get the 'Illegal Immigrant' rule of not having to pay taxes on stuff they buy.....like food, alcohol, gas, tobacco, etc? I hate to be the one to inform you of reality: everyone pays the taxes on gas for the autos, the food they consume and the tobacco they smoke. quote:
ORIGINAL: OrionTheWolf Those people will eventually need to spend that money, and get taxed, rather than now where they avoid taxes. Yes under Cain's plan, people will spend less at the retail level for good reason. That will only hurt US Business even further then it is now. Again, this Cain fellow is not giving me a whole lot of confidence he has a clue what he's talking about. And he wants to represent us? To the world? I dont think so. quote:
ORIGINAL: BitaTruble quote:
ORIGINAL: OrionTheWolf With over 50% of working US Americans living paycheck to paycheck, we simply can't afford him. He really didn't have any answer at all as to how that was supposed to lower our debt but did say he would surround himself with those in the know which is going to be exactly the same folks who have been entrenched in DC for a very long time. You really did not give an accurate description of the 'Fair Tax", and I recommend anyone that wants more information go to fairtax.org. Newsflash OTW....neither did YOU! You gave some website's address. How many variants of the 'fair tax' concept are floating on the internet? One for every conservative fruitcake. When someone mentions 'Fair Tax' that really means a lot of different things, on different levels, to different people. But here's something to help you understand it: Why do rich people want a Fair Tax? What would they possibily gain from it? Is it so they can give their accountants a day off, because things will be easier?
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