Menu
New Posts
By:
Filters
  • Hi there guest! Welcome to PoliticalJack.com. Register for free to join our community?

Fed takes rates up another three quarters. Quick, dissemblers pretending nothing's wrong to the fore

J

Jack4freedom

Governor
EatTheRich said:
We’ll still need income taxes, not just for the revenue needed to provide for the general welfare, but also to reduce the social power of the wealthy who are hurt most by income taxes.
Click to expand...
Income tax is the second plank of the Communist Manifesto. The wealthy have figured out how to avoid paying income taxes decades ago. Just like high ranking members of the Communist party wherever it has existed as a form of government.
.
The brunt of the tax burden in the US falls squarely on the backs of tradesmen, small businessmen, high end service technitians, plumbers, electricians, contractors, small businessmen, restaurant owners….people who make between $100,000 and $400,000 a year.…The super rich dodge taxes.

Income taxes and the IRS have turned US Banks into de facto informants for the IRS and the Fed instead of fiduciary agents for their customers who do not share their clients information with government agencies unless presented with a warrant and probable cause that a crime was committed. Why should government agencies know about all of your financial affairs without cause?

And you are quite wrong, if we abolished the Fed and the IRS, the US treasury could buy up all debt and loan it back at 2-3% and collect far more in interest than they do in income taxes. Then banking secrecy would be restored and government agencies would have to present a warrant to access any personal financial information. It is insane for the richest country in the world to borrow money or carry large deficits. We should lend money to our citizens at a fair rate to fund our government instead of raking huge percentages of money from working peoples earnings.


We are being swindled by a cabal of international bankers who paid off our congress to sell out our people and hand over the concession to print and coin money to a foreign private entity. Our constitution clearly states that only congress shall have the power to print and coin money and determine the value thereof. Capital should be taxed, not labor.
 
God of War

God of War

Governor
Jack4freedom said:
Income tax is the second plank of the Communist Manifesto. The wealthy have figured out how to avoid paying income taxes decades ago. Just like high ranking members of the Communist party wherever it has existed as a form of government.
.
The brunt of the tax burden in the US falls squarely on the backs of tradesmen, small businessmen, high end service technitians, plumbers, electricians, contractors, small businessmen, restaurant owners….people who make between $100,000 and $400,000 a year.…The super rich dodge taxes.

Income taxes and the IRS have turned US Banks into de facto informants for the IRS and the Fed instead of fiduciary agents for their customers who do not share their clients information with government agencies unless presented with a warrant and probable cause that a crime was committed. Why should government agencies know about all of your financial affairs without cause?

And you are quite wrong, if we abolished the Fed and the IRS, the US treasury could buy up all debt and loan it back at 2-3% and collect far more in interest than they do in income taxes. Then banking secrecy would be restored and government agencies would have to present a warrant to access any personal financial information. It is insane for the richest country in the world to borrow money or carry large deficits. We should lend money to our citizens at a fair rate to fund our government instead of raking huge percentages of money from working peoples earnings.


We are being swindled by a cabal of international bankers who paid off our congress to sell out our people and hand over the concession to print and coin money to a foreign private entity. Our constitution clearly states that only congress shall have the power to print and coin money and determine the value thereof. Capital should be taxed, not labor.
Click to expand...
You have no idea what the tax burden distribution is. So I'll try to show you with some simple charts. If you need words the link below should help you out.

1663998878097.png

1663998918442.png

1663999011911.png

taxfoundation.org

Summary of the Latest Federal Income Tax Data, 2023 Update

The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.
taxfoundation.org taxfoundation.org
 
E

EatTheRich

President
Raoul_Luke said:
The f*ck it is! It was due to the democratic mayors and governors going ape sh*t crazy with authoritarian regulations. After $6 trillion in covid spending!!! sheesh - you have really turned into a world class liar anymore.
Click to expand...
The places with the most stringent regulations returned to essentially normal commercial/industrial activity the quickest. It was the virus, not the mitigation measures, that really screwed with the economy.
 
Raoul_Luke

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
EatTheRich said:
The places with the most stringent regulations returned to essentially normal commercial/industrial activity the quickest. It was the virus, not the mitigation measures, that really screwed with the economy.
Click to expand...
You have no data to back that up.
 
O

ObamacareForever

Senator
Raoul_Luke said:
That is absurd! This inflation is the result of supply disruption and government spending. We don't need a "recession" to cure that - we need less Brandon!
Click to expand...
You aren't totally wrong, but when you put pen to define "supply-side solutions" that the government can do it looks like this:
1.) Eliminating tariffs to increase the supply of goods
And
2.) Increasing the amount of immigrants to alleviate the labor shortage.

Get back to me when this is politically viable.
 
PhilFish

PhilFish

Administrator
Staff member
ObamacareForever said:
You aren't totally wrong, but when you put pen to define "supply-side solutions" that the government can do it looks like this:
1.) Eliminating tariffs to increase the supply of goods
And
2.) Increasing the amount of immigrants to alleviate the labor shortage.

Get back to me when this is politically viable.
Click to expand...
There's not a labor shortage there's a money shortage. Everybody thinks that mowing the lawn should pay $100,000 a year. And that's not going to happen.
 
TBLee

TBLee

Governor
PhilFish said:
There's not a labor shortage there's a money shortage. Everybody thinks that mowing the lawn should pay $100,000 a year. And that's not going to happen.
Click to expand...
Plenty of people who can work, they just don’t want to work. They want money handed to them, and their student loans paid off for them. Or like you said, they expect wages that don’t match the job.
 
E

EatTheRich

President
PhilFish said:
There's not a labor shortage there's a money shortage. Everybody thinks that mowing the lawn should pay $100,000 a year. And that's not going to happen.
Click to expand...
TBLee said:
Plenty of people who can work, they just don’t want to work. They want money handed to them, and their student loans paid off for them. Or like you said, they expect wages that don’t match the job.
Click to expand...
Almost all people who can work are working. Jobs that pay wages below market rate frequently go unfilled because people have better options.

If there were a money shortage we wouldn’t have an inflation crisis.
 
O

ObamacareForever

Senator
PhilFish said:
There's not a labor shortage there's a money shortage. Everybody thinks that mowing the lawn should pay $100,000 a year. And that's not going to happen.
Click to expand...
If they don't inflation under control, mowing lawns will be a career that pays $100,000.
And one way to do that is increase the labor supply. And the only real way to do that in the near term is through increased immigration.
 
You must log in or register to reply here.

Latest posts

Top