I think we should just have a flat percentage taxation rate...where everyone pays the same percentage rate (say 10% for example). This rate would apply whether you work part time, full time, own a small business, own a large corporation, etc. And the beauty of a flat percentage is that it's still "progressive" in that a part-time worker's 10% is still gonna be way smaller than a large corporation owner's 10%.
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Originally posted by Gatefan1976 View PostMake up your mind, if you still have one with your TDS.
True, but is it "right?"Originally posted by Chaka-Z0 View PostIt's a matter of opinion I guess, but it is absolutely unethical for me. A company has a moral responsibility to its country, I'm not saying that trying to make more profits is a bad thing. It becomes a bad thing to me when through shady tactics you succeed to evade most of the taxes and Billy Bobs have to compensate for it.
Billy Bob makes 50k a year, pays about half of it in taxes.
Billy Bob Inc. makes 5 millions a year, pays about 100k in taxes because of fiscal advantages.
Companies are feeding off people's money, the richest entities of this world, and it is the people that are funding the country.
I don't think it is. I also think that capitalism and individualism culture is promoting this kind of behavior, which doesn't help either.
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Originally posted by Annoyed View PostSee, I'm not talking about taxes when it comes to unethical behavior. I'm talking about financial chicanery and such, such as making real money from thin air via the wizards of wall street (... 1/3)
(...2/3)which eventually has to come from somewhere, usually people far lower on the income scale in one way or another
(...3/3)Lying, doubletalk and such is a required class in any business school as far as I can tell. That would be another.Spoiler:I don’t want to be human. I want to see gamma rays, I want to hear X-rays, and I want to smell dark matter. Do you see the absurdity of what I am? I can’t even express these things properly, because I have to—I have to conceptualize complex ideas in this stupid, limiting spoken language, but I know I want to reach out with something other than these prehensile paws, and feel the solar wind of a supernova flowing over me. I’m a machine, and I can know much more.
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Originally posted by Chaka-Z0 View PostIn that case, I'm not sure that unethical would be the right term. Immoral perhaps? But that's subjective and varies from person to person.
No? The people who play the stock exchange game are in no shape or form financed by your taxes? They invest their own money, not yours.
Generalization. All politician lies, all police officers are corrupted, all immigrants are criminals... Seems like you're getting closer to become a Sith Lord. You're dealing in absolutes again Annoyed, tssk tssk.
What I'm saying is the the majority of rich folks get that way by ethically or morally questionable (and often outright illegal) means. And since you have to be rich to be a successful politician on the national or large state stage, the odds of such politicians engaging in financial chicanery is higher than the average population.
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Originally posted by mad_gater View PostI think we should just have a flat percentage taxation rate...where everyone pays the same percentage rate (say 10% for example). This rate would apply whether you work part time, full time, own a small business, own a large corporation, etc. And the beauty of a flat percentage is that it's still "progressive" in that a part-time worker's 10% is still gonna be way smaller than a large corporation owner's 10%.
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Originally posted by aretood2 View PostProblem with this is that there is a bare minimum one has to earn in order to live. Someone who is making $35,000 cannot spare $3,500 without sacrificing something like heating in the winter or food. While someone who makes $10,000,000 wouldn't notice it when Uncle Sam takes $1,000,000. The rich guy would still be a multimillionaire.
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Originally posted by Annoyed View PostOn the other hand, properly implemented, would eliminate an awful lot of loopholes for the rich and corporations, increasing the take from that segment considerably. Maybe the rate wouldn't have to be as high as 10%.
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Originally posted by aretood2 View PostLess than that and you'll see our debt grow exponentially.
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Originally posted by Annoyed View PostThis is going to sound rather irresponsible, and I really don't like this particuar fact, but we are already so far in the damned hole we will never be on even ground again. As a practical matter, the debt doesn't matter, 'cause it will never be paid off.
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Speaking of money..………….
https://www.newyorker.com/news-desk/...rating-witnesssigpicALL THANKS TO THE WONDERFUL CREATOR OF THIS SIG GO TO R.I.G.A lie is just a truth that hasn't gone through conversion therapy yetThe truth isn't the truth
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Originally posted by Annoyed View PostThis is going to sound rather irresponsible, and I really don't like this particuar fact, but we are already so far in the damned hole we will never be on even ground again. As a practical matter, the debt doesn't matter, 'cause it will never be paid off.
As Tood observed, you pay interest on that debt. Currently 18% of your country's tax revenue. If you don't care whether it gets worse...
Also, you can't afford to default and just wipe the slate clean in a one-sided manner as it would drop the USA into the mother of all recessions a la 90-s Russia. Defaulting on state debt would mean foreign investors fleeing American market, cost of export/import business becoming prohibitive, USA being unable to raise money through government bonds for decades to come, and dollar losing enough value to wipe out the entire country's savings, pensions etc.If Algeria introduced a resolution declaring that the earth was flat and that Israel had flattened it, it would pass by a vote of 164 to 13 with 26 abstentions.- Abba Eban.
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Originally posted by Womble View PostYour understanding of economics is so poor it actually hurts a little.
As Tood observed, you pay interest on that debt. Currently 18% of your country's tax revenue. If you don't care whether it gets worse...
Also, you can't afford to default and just wipe the slate clean in a one-sided manner as it would drop the USA into the mother of all recessions a la 90-s Russia. Defaulting on state debt would mean foreign investors fleeing American market, cost of export/import business becoming prohibitive, USA being unable to raise money through government bonds for decades to come, and dollar losing enough value to wipe out the entire country's savings, pensions etc.
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Originally posted by Coco Pops View PostOK what about local politics?
Anyone want to comment about what happened this week in Australia?
I haven't said anything about it because I don't live there, and as such, I don't really know enough to figure out what I think about it.
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Originally posted by Annoyed View PostI'm confused. According to what I read, Conservatives who call themselves Liberals won national elections and will be taking over management of the country.
I haven't said anything about it because I don't live there, and as such, I don't really know enough to figure out what I think about it.
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