There should be a maximum limit for taxes which could not be overridden. 11% federal, 11% state, 11% sales tax (to be received by whom? open). That 33% would be the maximum amount of taxes a person has to pay, period. Unlimited taxation possibility is something that only a socialist loves. It provides for a legal way into subverting a free capitalist nation into a socialist bureaucracy. US is more than halfway there, already. I doubt the founding fathers ever even truly conceived that taxation could reach such ridiculous heights as today in US and EU. Had they, some limit caps would surely have been hammered into the constitution.
The Founding Fathers were very much against having a large, strong central government... but look what we have now. They were also against the Federal government issuing "currency" and defined "money [dollar]" as a specific amount of silver.... look what we have now.
"Government big enough to supply everything you need is big enough to take everything you have... The course of history shows that as a government grows, liberty decreases." -Thomas Jefferson
The current and perspective valuations of countries have a lot to do with the overall costs of doing business as compared to its peers... If the same products cost 3x to produce in one country versus another...then obviously the higher value is placed on the more efficient one.... A country loaded with debt...is obviously worth less than an equivalent peer with no debt.... A country which has to pay out a significant amount of its gdp for energy ...is obviously of lessor value ..than an energy self sufficient peer....whereby virtually no funds due to energy costs are shipped away to the country that has surplus energy.... One must also note that legal largesse...finally does end up in production costs..and eventually becomes a detriment to labor...when a peer country has virtually no legal largesse costs... Cheap currency...simply means higher interest costs...a far less efficient form of money usage..... Taxes are cost additions to production...and make everything more expensive....Thus a reduction...would make all goods less expensive... ............................................................................................. A country must always strive to compete well versus its peers...and be willing to make the required changes to do so...
Sure Sir, I will inform the rest of congress about this intelligent idea, I wish you had informed us earlier, but never is too late. Thanks, Barrak (Not to be mistaken with Barack or Broccoli)
LONG LIVE THE CAPITALISM!!!!!! Redefeat communism vote anti-democrat....... I do not want socialize health care...thank you.
It will come in the form of bogus "Carbon" and "Green" taxes on the people. But the big corps will just move offshore and pollute or buy equally bogus "Carbon credits". Did you just dump 100lbs of mercury into a waterway? No matter, just buy some carbon credits.
Interesting. You would think that people who have to pay for their own health care would actuallly take care of their own health. But we see reports that claim the majority of americans are obese - a society built around fast food and sugar and caffeine? Surely they don't all have employers who pay for health care? But what do these employers do, why they raise the cost of their good/services in order to cover the cost. So we ALL pay for it. Isn't that socialism?
Jamis if you like paying taxes...that means that you do not like money....which means that there is no reason on why you should trade.....which means that your IRA/401k or anything for that matter to do with stock/forex/futures....doesn't matter to you.. Thus, if you do not need your money...how about donating it to a poor college student.....i.e. rateesquad