reply to post by infinite
Income Tax was introduced during the Napoleonic wars (1803 - 1815), to pay for it, and it was only meant to be a short-term Tax.
2 Certainties. Death and Taxes. We spend a lot of mental energy on ways to either lower taxes or to avoid taxes. Some even urge
giving up taxes altogether and I suppose they would turn the world over to GOD. But none of that is likely to happen. For one, there is a very good
chance GOD doesn’t want it! In the last 400 years, we have nearly wrecked the planet!
Regressive versus progressive.
Most American states have conned their citizens into adopting the MOST regressive tax ever - the retail sales tax.
Equal in its dastardly consequences to the tax on bread imposed in France in 1789. The sales tax is the FIRST cousin to the FLAT tax. As offered here
in the 1980s it amounted to a Federal sales tax. Now those same hucksters have renamed it the FAIR tax. I feel confident we can pronounce Rest In
Peace to the unfair FAIR tax.
the US Federal budget is $3 t. About half of that outlay
is in social security and Medicare payments. Entitlements. Each of those
programs has it own dedicated tax base. Both programs have ALWAYS been in the black. (However it was always intended that between 25% and 50% of
Medicare was to be paid out of the General Fund). That means ALL of the Federal or National Debt is attributable to a shortfall in tax revenues for
ALL OTHER expenses of the Federal Government.
The second largest expense item
in the Federal budget is the Department of Defense. But the DoD is NOT all the cost of WAR. We must add in the
DVA. Department of Veterans Affairs. About $45 b. a year and that amount is short of need by $30 b. per the Disabled American Veterans, DAV. If DoD
outlays are equal to 40% of the non-entitlement side of the budget - I believe it is - then that percent of the National Debt is also a WAR item. To
get the REAL cost of WAR, we must add DoD, DVA and a proper percent of National Debt interest payments. Hey, you’re looking at about $1 t. a
year. For WAR.
Thank you GOD that we are such a peace loving country!
Interest on the National Debt is the 3rd largest expense item.
At about 4%+ on $7 t. plus, that comes to around $350 b. per year. Personal income
taxes furnish about 80% of Federal revenues, so one can conclude this National Debt represents an UPWARD redistribution of wealth, assuming the R&Fs
hold most of the US Bonds. Rich and Famous. Taking from the poor and giveing to the rich. A downward redistribution - tax the rich - raises the IRE of
so many posters it is remarkable they never seem to mention the REAL shift in the tax burden that is taking place every day in the US of A.
The US overspends its income by $400 b. If our current citizenry were the equal of the Greatest Generation - they are not - the country
would be collecting a WAR on TERROR tax to keep the country’s finances sound. NO falling dollar, and etc. NO $110 per barrel of crude oil prices.
Which by the bye has had a secondary effect on the price of food putting in imminent danger of starvation perhaps 1 billion people, the poorest of
course. People of color. Hmm?
Ever rising Federal debt
added to the preventable mortgage meltdown
spells doom for a billion people outside the US. Hey, we PRAY for them
every Sunday. Aside:
I still recall this little ditty I learned in Sunday School around age 4-5. "Red yellow black and white, they are
precious in His sight; Jesus loves the little children of the world!"
Maybe Jesus will feed the little children
after all? Wow!
, the US lays on HUGE tax cuts for the RICH. The rich in turn buy those BONDS issued to fund expenses now part of the debt. Now the rich
have the best of both worlds! They did not pay the taxes they should have paid, and they take that money to buy the bonds issued to pay the bills.
They earn interest on their money. They pass those bonds on to their children. The children of the POOR will be obliged to pay off those bonds.
Instead of building better schools or improving the health care system. Sweet Jesus! The next generation of RICH kids will have one MORE leg up on the
rest of us. A generational shift in current obligations! A stroke of genius.
I have dwelt on taxes in this discourse because it is my belief that the underlying motive for Libertarianism is opposition to
taxation. Many times you’ll hear Libertarians couch their advocacy in SMALLER government terms - without suggesting just how small. It is easily
understood that smaller government ipso facto means FEWER government funded programs, i.e., smaller staffing and less taxes. In other posts I have (in
jest) describe Libertarians as Anarchists in drag!
[edit on 4/14/2008 by donwhite]