2018 Midterm Election Thread

#5,426
#5,426
evillawyer said:
Sales taxes are terribly regressive. The poor, who need to spend all of their money on goods, pay a much higher percentage of their income in taxes than the wealthy do, who have the luxury of excess money to save and invest.
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Ok that’s BS. That probably sounded better in your head. No I don’t care what WaPo or other articles you care to drop say. This is a worn out tired socialist narrative.

On a consumption tax the percentage is fixed. Period. I make more I spend more. But my percentage is fixed.

What is different is savings and other surplus. I make more, I have the possibility to save or maybe save more.

This worn out diatribe is a cornerstone tenet of socialism. To each according to need. You like it? Move to a socialist country.
 
#5,428
#5,428
luthervol said:
It's the college "experience" that has value. Forced to live and work with people of all types from all over....tends to open the eyes.....tends to move one left.
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you waited until college to experience life? I met more latinos playing soccer, working hotel breakfast, a landscaping job, and two weeks in Guatemala as a junior in high school than you have in your whole life. and that wasn't even my first summer getting know people from "all over".

sure you meet people from all over at college but they have way more similarities to you where you can't really act like its some profound thing to interact with them. most people also stay close to home for college. ERIC - Student Choice of College: How Far Do Students Go for an Education?, Journal of College Admission, 2009 .

the reason people go left in college is because they don't have to deal with any reality. No mom or dad to ground them. no real expectations on their time. all sorts of new found freedom with hardly any responsibility to go with it. Usually taught by professors who have very little real world experience Academia is disconnected from the real world | Financial Times and they only interact with other college aged kids similarly ungrounded.

the college experience is crap too. Most kids don't have to do anything. 1/5 drop out. something like another 25-35% don't complete college in the typical allotted time, whether its 4 year, 5 year, or 8 years. heck most kids I knew at UT did maybe an hour of homework a night. if that. yeah sure there are the top of the class types that burn themselves out, but thats hardly an experience that helps one out.

what worldly experience do you think college kids are getting?
 
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#5,430
#5,430
BowlBrother85 said:
You are talking about discretionary spending then... and obviously, that amount is not fixed for anyone numb nuts.
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Nope it isn’t fixed. The more you make most likely the more you have! But your whole diatribe is socialism 101. I pay a metric **** ton more than people poorer than me I’d guess. However on a straight goods consumption basis we pay the same percentage.

Yet you want to preach “from each according to his ability, to each according to his need”. Marx gets credit for that but it’s incorrect. It traces back to the beginnings of socialism and predates Marx.

Tell you what. No tax credits, no child credits, no nothing credits. Straight up X% tax on every penny earned. Deal?

Edit: also read the original post! Sales tax is a consumption tax. Fixed percentage. The more you spend the more you pay. And that applies to all spending not just discretionary.
 
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#5,432
#5,432
NorthDallas40 said:
Nope it isn’t fixed. The more you make most likely the more you have! But your whole diatribe is socialism 101. I pay a metric **** ton more than people poorer than me I’d guess. However on a straight goods consumption basis we pay the same percentage.

Yet you want to preach “from each according to his ability, to each according to his need”. Marx gets credit for that but it’s incorrect. It traces back to the beginnings of socialism and predates Marx.

Tell you what. No tax credits, no child credits, no nothing credits. Straight up X% tax on every penny earned. Deal?

Edit: also read the original post! Sales tax is a consumption tax. Fixed percentage. The more you spend the more you pay. And that applies to all spending not just discretionary.
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It's Economics 101... Taxes on consumption items such as food and groceries are most definitely regressive. Taxes on luxury consumption items such as jewelry are progressive.
 
#5,433
#5,433
BowlBrother85 said:
It's Economics 101... Taxes on consumption items such as food and groceries are most definitely regressive. Taxes on luxury consumption items such as jewelry are progressive.
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I could care less what label you apply. A consumption tax is as fair as it gets. We both buy cars. You buy your Yugo. I buy my F250 King Ranch. Mine is a luxury vehicle so I pay considerably more.

Go find a mirror and preach into it. I’m not interested in this socialist BS.
 
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#5,434
#5,434
NorthDallas40 said:
I could care less what label you apply. A consumption tax is as fair as it gets. We both buy cars. You buy your Yugo. I buy my F250 King Ranch. Mine is a luxury vehicle so I pay considerably more.

Go find a mirror and preach into it. I’m not interested in this socialist BS.
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Neither are they. If so, why in the hell haven’t they moved to the utopian states of Venezuela, Cuba, Laos or China?

Every last one of them are FOFS!
 
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#5,436
#5,436
NorthDallas40 said:
I could care less what label you apply. A consumption tax is as fair as it gets. We both buy cars. You buy your Yugo. I buy my F250 King Ranch. Mine is a luxury vehicle so I pay considerably more.

Go find a mirror and preach into it. I’m not interested in this socialist BS.
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The elasticity of demand for the good matters. Generally speaking, the more inelastic the good, the more regressive a tax on the good will become. Not all consumer goods have viable substitutes - bread, milk, cheese... etc. A tax on inelastic foods such as bread is not fair to the poor.
 
#5,437
#5,437
BowlBrother85 said:
The elasticity of demand for the good matters. Generally speaking, the more inelastic the good, the more regressive a tax on the good will become. Not all consumer goods have viable substitutes - bread, milk, cheese... etc. A tax on inelastic foods such as bread is not fair to the poor.
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So you are a supporter of the fair tax?
 
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#5,438
#5,438
BowlBrother85 said:
The elasticity of demand for the good matters. Generally speaking, the more inelastic the good, the more regressive a tax on the good will become. Not all consumer goods have viable substitutes - bread, milk, cheese... etc. A tax on inelastic foods such as bread is not fair to the poor.
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Isn’t food taxed less. Don’t they sell a loaf for $1 and another for $4?
 
#5,439
#5,439
BowlBrother85 said:
The elasticity of demand for the good matters. Generally speaking, the more inelastic the good, the more regressive a tax on the good will become. Not all consumer goods have viable substitutes - bread, milk, cheese... etc. A tax on inelastic foods such as bread is not fair to the poor.
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I understand exactly what the argument is. I just outright reject it. I do not buy into the rationale.

I see no more fair basic answer than you pay X% on what you spend.

Don’t worry though. Only way I support a consumption tax is if the 16th ammendment is modified to reflect a consumption tax or repealed so good luck with that!
 
#5,443
#5,443
NorthDallas40 said:
Ok that’s BS. That probably sounded better in your head. No I don’t care what WaPo or other articles you care to drop say. This is a worn out tired socialist narrative.

On a consumption tax the percentage is fixed. Period. I make more I spend more. But my percentage is fixed.

What is different is savings and other surplus. I make more, I have the possibility to save or maybe save more.

This worn out diatribe is a cornerstone tenet of socialism. To each according to need. You like it? Move to a socialist country.
Click to expand...

When trump talks about making America great again he's usually harkening back to 1945 into the 1960s. During that period we had some of the highest taxes in history. The top federal income tax never never dropped below 70 percent. There are many factors that contribute to a nations prosperity other than tax rates.

History of Federal Income Tax Rates: 1913 – 2018
 
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