Oh great, the Republicans want a FLAT TAX

[Kidlicious]

Originally posted by Velociryx
But, IF it happens, I can see some upsides, too. Do not downplay the ingenuity of the American people.

One thing it will do is that savings/investment rates will increase.

= less spending (demand)

Lots more home gardens, lots of informal community associations and barter going on behind the scenes. If it passes, I know that’s what I’ll be doing. I got a big back yard. Could easily set up a mini-orchard and a garden big enough to provide most of the veggies I get at the local Kroger right now.

= more supply (do you know what less demand and more supply means?)

End result will be that I’ll have more money in my pocket (federal tax bite goes away, and I get it back in my paycheck), healthier, home-grown foods, and I have more money to invest in dividend-paying financial instruments, which are taxed at a lower rate!

The tax will be lower, but the return will also be lower - less demand, and more supply.

[Japher]

They just bought imports

That they did, and incase you didn't know that means less jobs for Americans... and that is not a good thing.

[Kidlicious]

Originally posted by DAVOUT
The fight against inflation, started in the US in the 80s and extended successfully to the whole world, has resulted in building an economy devoted to paying interests to people doing nothing.

Interest IS a payment to people for doing nothing. It started well before the 80s.

[Kidlicious]

Originally posted by Japher
That they did, and incase you didn't know that means less jobs for Americans... and that is not a good thing.

You seem to think that unless we produce goods for rich people we will be out of jobs. That's crap. There were more jobs in the 90s than the 80s.

[Japher]

So when a tax destroys and industry it is only important if it is an industry that caters to poor people?

[JohnT]

Originally posted by Kidicious


You seem to think that unless we produce goods for rich people we will be out of jobs. That's crap. There were more jobs in the 90s than the 80s.

More rich people too.

[Kidlicious]

Originally posted by Japher
So when a tax destroys and industry it is only important if it is an industry that caters to poor people?

Yes

[Kidlicious]

Originally posted by JohnT


More rich people too.

[JohnT]

[Japher]

Yes

Do you think that ship builders are in general poor people or rich people?

Ship building is a pretty unique trade, the workers who lost their jobs were in pretty deep sheit. All because of a tax.

So, why should I care if a tax cut or tax increase "appears" to effect the rich or the poor? Everyone suffers; the rich can't get their boat from within the country and some poor ship builder is laid off...

[Kidlicious]

Originally posted by Japher


Do you think that ship builders are in general poor people or rich people?

Ship building is a pretty unique trade, the workers who lost their jobs were in pretty deep sheit. All because of a tax.

So, why should I care if a tax cut or tax increase "appears" to effect the rich or the poor? Everyone suffers; the rich can't get their boat from within the country and some poor ship builder is laid off...

The yacht builder was initially employeed inefficiently. More efficient employment and less goods for rich people is better. We can retrain the yacht builder and make things better.

[Japher]

You have no idea what efficiency means.

[Arrian]

@ Kid.

And "Profit vs. Unfair Tax III" is born.

-Arrian

[Kontiki]

I see this thread sinking into Kid's imaginary world and the rest trying to bring him back to reality.....

[Kidlicious]

Originally posted by Japher
You have no idea what efficiency means.

More yachts for rich people?