for nye

[KrazyHorse]

Yes, I'm attempting to use my enormous influence to create international tax arbitrages. ****wit.

[KrazyHorse]

BTW, most of the developed world already has significant consumption taxes. By advocating for one in the States I'm reducing the opportunities for tax avoidance.

Twit.

[KrazyHorse]

The capital gains taxes in the US are also far more draconian than in Canada, BTW...

[notyoueither]

Yes, I'm attempting to use my enormous influence to create international tax arbitrages. ****wit.

There are entire countries with economies based on that very thing.

I find it peculiar that you have so little grasp of how the world actually works, yet you see fit to sling insults.

The arrogance is really something.

[KrazyHorse]

Who the **** do you think you're talking to? I'm unlikely to ever earn 7 figures a year, let alone enough to make it worthwhile to establish residency for tax purposes in the ****ing Caymans.

[notyoueither]

BTW, most of the developed world already has significant consumption taxes. By advocating for one in the States I'm reducing the opportunities for tax avoidance.

Twit.

The capital gains taxes in the US are also far more draconian than in Canada, BTW...

Even better would be for the government to simply stop penalizing savings, period.

Yes, you are clearly looking for a mixed tax system, and not a zero income tax regime. How silly of me that I did not ask for clarification only to be rebuffed with yet more arrogance. Oh wait, I did.

I could only assume that eliminating capital gains is also part of stopping penalising savings, in the absense of any willingness to actualy, you know, discuss...

[KrazyHorse]

I'll take the attempt to paint me as arguing purely out of self-interest as an admission that the efficiency gains from avoiding differential treatment of deferred and immediate consumption are undeniable from any rational standpoint

[Kuciwalker]

Who the **** do you think you're talking to? I'm unlikely to ever earn 7 figures a year

Wait, really? Even with inflation?

[KrazyHorse]

Even better would be for the government to simply stop penalizing savings, period.

Yes, you are clearly looking for a mixed tax system, and not a zero income tax regime. How silly of me that I did not ask for clarification only to be rebuffed with yet more arrogance. Oh wait, I did.

I could only assume that eliminating capital gains is also part of stopping penalising savings, in the absense of any willingness to actualy, you know, discuss...

I have no idea what you're talking about.

1) Capital gains taxation is a terribly distortionary way to raise relatively little money.

2) The biggest difference between taxation of earned income and taxation of consumption is in the treatment of current tangible capital; consumption taxes expropriate current capital owners, while earned income taxes do not

3) You can accuse me of naked self interest in arguing for consumption taxes rather than earned income taxes because I have virtually no tangible capital to expropriate. Accusing me of some nefarious plan to skip from the first world and avoid consumption taxes pushes the boundaries of plausibility.

Please do try to keep up.

[KrazyHorse]

Wait, really? Even with inflation?

With inflation, it's much more likely. I was thinking constant dollars.

[notyoueither]

I'll take the attempt to paint me as arguing purely out of self-interest as an admission that the efficiency gains from avoiding differential treatment of deferred and immediate consumption are undeniable from any rational standpoint

Take it for what you wish.

I do find it amusing though that someone set on a career in the university is an ardent socialist who then spins the bottle and kisses Smith when faced with a life in the free market, and then as an economic migrant is arguing, once again, for the treatment best suited to his own needs.

[notyoueither]

I have no idea what you're talking about.

1) Capital gains taxation is a terribly distortionary way to raise relatively little money.

2) The biggest difference between taxation of earned income and taxation of consumption is in the treatment of current tangible capital; consumption taxes expropriate current capital owners, while earned income taxes do not

3) You can accuse me of naked self interest in arguing for consumption taxes rather than earned income taxes because I have virtually no tangible capital to expropriate. Accusing me of some nefarious plan to skip from the first world and avoid consumption taxes pushes the boundaries of plausibility.

Please do try to keep up.

Are you arguing for 0% income and capital gains taxes? Yes or no?

[bc1871]

For the most part, the affluent are more responsible with their money. Now obviously, there’s the cadre of liberal jackasses that inhabit Hollywood, but they generally spend themselves into poverty. Taxation for the benefit of the poor, only serves to reinforce the poor’s dependence on the state. We must let the poor fail, since then they will be more likely to want to pull themselves out of their poverty.

[KrazyHorse]

a) I kissed Hayek, not Smith.

b) Your demonstration that this is somehow in my self interest is paper-thin. For what it's worth, I support higher levels of more efficient taxation to pay for increased monetary transfers. How's that for self-interest?

[KrazyHorse]

Are you arguing for 0% income and capital gains taxes? Yes or no?

I'd be quite happy with earned income taxes and 0 capital gains taxes. As previously stated, you ****, the only REAL difference is that consumption taxes yield a one-time transfer of tax rate * tangible capital from the owners of tangible capital to government. As I own virtually no tangible capital, this is blatantly in my self-interest (as long as it happens sooner rather than later). If we want to get normative, it's only fair as your spendthrift generation has chosen to leave us with a great deal of public debt with virtually nothing to show for it.