"Fiat money is backed by men with guns; Bitcoin is not. So why should this thing have any value?"--Uber statist economist Paul Krugman.
"United We Stand a chance" is the subliminal at end.Also, a BOOYAH! Hell ya!
The Bush tax cuts prevented the real estate and the resulting Depression that we're in today.
The Bush tax cuts prevented the real estate bubble and the resulting Depression that we're in today
What do you think about Gary Johnson? Is he just like the other candidates? http://ow.ly/cwZYD
no taxes? Lost me... That is off the deep end like Ron Paul's anti Federal Reserve plank...It was too good to be true...
kavipsProblem with this video: what Johnson does NOT say is that he wants to replace all of those taxes with the "Fair Tax" consumption tax, supposedly revenue neutral.It may or may not be, but I had the same concern as to why he didn't give the rest of his usual spiel and say what he was going to do instead.
Johnson's "Fair Tax" = A regressive tax based on consumption where the wealthiest pay a less percentage of their income in taxes than the poorest.
anonone = uninformed. I'm not sure about the Fair Tax, but I'm sure you missed the floor in the plan. Income earned is not taxed. But what good is income without spending it? Besides it achieves the Prog goal of equal treatment of earned and "unearned" income.
anonone seems to have no problem with the Social Security or Medicare taxes, both of which are severely regressive.
Actually, I think that both SS and Medicare should be progressive, not regressive, taxes, so. yes, I don't like either of them.And Johnson's "fair tax" is regressive no matter how you slice it. On a percentage basis, higher-income people tend to spend less of their income than lower-income people.And your question "But what good is income without spending it?" is silly. Did you ever hear of investing?
Johnson often refers to it as the "less unfair tax", indicating that it is not perfect, but it is much better than the tax system we have now.You should look a little closer before you claim that the Fair Tax "is regressive no matter how you slice it." Although this graph does rise less steeply above a million dollars, there is no way it can be described as anything other than progressive.And your question, "Did you ever hear of investing?" is even sillier. You look at the surface of things, but rarely follow through to consider their consequences. It would be impossible to invest money if nobody was going to spend that money.
Thank you Tom. You beat me to it. I don't even care if you give it to your kids cause they will just spend it FASTER! Ha Ha Ha, Every spend is a tax! Spend faster you greedy rich bastards!See how that works anonone?
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