Final-Fan said:
Kasz216 said:
Final-Fan said:
Kasz216 said:
Final-Fan said:
So Kasz216, you favor a Flat Tax? |
Not as of yet. However I don't favor raising the tax percentages either. Doing that to the people who actually do a large portion of investing and job creating seems like suicide with the financial situation as it is.
I think a flat tax in the end is probably fair. Yet not feasable considering how the government currently runs, and that if we cut back on a lot of the useless crap the government does and focus some money on other needs like healthcare and other needs.
I mean.... once everyone is taken care of by their basic needs... what's unfair about a flat tax?
Once the basic needs are taken care of on all what's wrong with having a flat tax? |
Two basic comments:
What constitutes "basic needs"? Food and shelter? Food, shelter, and clothing? Food, shelter, clothing, and video games? College? Opinions are going to differ.
I would argue that taking 20% of $20,000 hurts a lot more than taking 20% of $200,000. That's why I don't favor the flat tax at all.
As far as taxing investments, I'm willing to get into this if you want, but preferably we might create a devoted Flat Tax discussion thread if we're really going to go at it. But one thing I recently heard of is that in the past there has sometimes (in dire times such as this IIRC) been a very small (0.1%) tax on stock trades. This would certainly cut down on market volatility, which I believe has been named as the biggest [edit: current stock] market hazard. |
Anyone who considers videogames or college basic needs are basically unreasonable.
Basic needs = what you need to live a healthy life.
The constitution above all else gives us three things.
Life, Liberty and the Pursuit of Happiness.
Life = Basic Needs
Liberty = Not restricting people unneededly.
Pursuit of Happiness = Not getting in peoples way in what they want to do. |
But what is needed for a "healthy life"? Is it sheer survival or is there anything more that is required for a "healthy life"?
Anyway, have you no comment on the rest of it? What do you think of the stock trade tax idea?
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I've got nothing against taxing investments in a flat tax system. Or rather the profits off said investments. Just another part of "income" to me.
Any money made would be taxable if you ask me. If I got to set it up you'd pay as much off of what you made off your stock margins as you did off of a paycheck. At the time of sale though... otherwise you'd just constantly get hit everytime your stock price went up, and get no relief when it dropped.
As for argueing about taking 20% of 20,000 hurting more then 20% of 200,000.... isn't an arguement based on any numbers or anything so it's kinda hard to argue. I could just as equally argue that 20% of 200,000 is more harmful because it's more money and the person could buy more stuff with said money.
20% is always 20% though.
