Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

tomgilb

Members
  • Content Count

    2
  • Joined

  • Last visited

Everything posted by tomgilb

  1. It's true that republicans are no better than democrats when it comes to gov spending, so don't confuse republican with conservative. My point is that a flat % tax is a conservative concept. Redistribution of wealth is a liberal concept, and a graduated tax table is one way to accomplish that. Throw out the current tax code and replace it with a flat tax and then everyone pays their fair share.
  2. Because of the graduated tax tables, the rich pay more than their fair share. A fair share is a flat percentage. And the fairest way to collect taxes it a flat consumption tax. A tax on income also gives the gov the intrusive ability to modify behavior through tax credits and deductions. Distribution of Major Federal Taxes 2000 51% of Americans Pay No Federal Income Taxes - Derek Thompson - Business - The Atlantic But to respond to the original question, "Should a NON-taxpayer Be Allowed to Vote?", if we had a federal consumption tax instead of a federal income tax, the question would be moot; everyone would be a tax payer. However, if we don't repeal the 16th Amendment, and more than half of the population pays no income tax and can still vote, the balance of voters has tipped to those who would redistribute the wealth of others. A democracy can only exist until the voters discover that they can vote themselves largesse from the public treasury. Disallowing the right to vote to those who pay no taxes might stem the tide toward socialism, something we must do because, as Margaret Thatcher once said, you eventually run out of other people's money.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.