Who do you support for U.S. Senate in Georgia in 2010?

[Informed Opinion]

Bill in Dville wrote:

<quoted text>Sorry, I'm not able to understand what you posted, it's not clear.

What is clear is you have a serious case of wealth envy and don't understand our tax system and how it works.

Thanks.

I will seek counseling to discover my inner self and that envy that is obvious to you, but so unapparent to my friends, employees, and clients.

Meanwhile, please consider the evaluation of why a VAT is bad for the poor and working class Americans from a well known and respected author on economics, a portion of which is provided below:

What Is Your Opinion About A Value Added Tax?

by Mark Riddix

A VAT could disproportionally affect the poor. Since the tax will be the same for the rich and the poor; the tax will be a higher percentage of an impoverished person’s income.
Why are the poor disproportionately hurt? A VAT disproportionately hurts the poor because the tax would eat into their already limited income. For example, let’s say you have 2 different people (Tim and Robert) living in Texas both having to pay a value added tax. Let’s assume that the VAT is 5% on all purchases in Texas. Tim makes $50,000 per year and spends $6,000 annually on purchases such as food and clothing. Tim pays $300 per year in value added taxes ($6,000 x 5%=$300). Robert also lives in Texas but he only makes $20,000 per year. He spends $6,000 on purchases as well. He will pay the same $300 VAT as Tim. But are they really paying the same thing? The VAT is only 0.6% of Tim’s income whereas it is 1.5% of Robert’s income. Even though they are both paying the same amount of money, the VAT is a larger percentage of Robert’s money. VAT’s represent a much larger chunk of lower income individual’s money than other individuals.
Senior citizens and people that live on fixed incomes would also be adversely affected. Another negative is that a value added tax discourages consumption. The US economy is built on consumption and any decline in spending will hurt businesses and its employees.

Oh wait... Mr. Riddix must hate rich people too.

[Synergy]

Bill in Dville wrote:

<quoted text>
We've had FairTax discussions in here before...
No, it's quite obvious they haven't read the books and it's more obvious they don't understand how the proposed FairTax would work (you don't have to read the books to understand). Not surprised, are you? Goes right along with "clueless and uneducated" sentiment perfectly. People that don't know what they're talking about espousing the liberal party lines...
For those clueless and uneducated, research the "prebate" portion of the FairTax proposal. For those at the poverty line, they would, essentially, pay NO FairTax, so someone saying it would impact them more so than someone else is quite wrong.
All these people that bitch about companies and individuals having money in overseas banks don't understand that the majority of the time it's for tax reasons, tax reasons that would not exist if the FairTax were enacted.

I admire your tenacity. Don't give up(although the libs will NEVER admit it's a good thing for ALL). Don't know why they can't understand that. Indoctrination, I guess.

[Synergy]

jeb stuart wrote:

<quoted text>thanks

jeb, read those books. They will at least give you food for thought.:)

[jeb stuart]

Bill in Dville wrote:

<quoted text>
I've made this offer many times and haven't had to pay off yet. However, some people I loaned them my copy and said I would be them the finest dinner in town (their choice of restaurant) if they thought it was not a good idea. No, they didn't have to have dinner with me...
IF you buy the books, read them AND understand them and you're not for it or think it's a good idea, I will pay for the books (if you send them to me), so this educational opportunity is "no risk". I will add the books to my "share with others" pile.
Note: I will ask you several questions to make sure you understand the concepts and the rationale.
I have yet to meet someone that understood the concepts that didn't think it was a good idea. Granted, our elected officials won't go for it, as it takes MAJOR power (taxing authority) out of their hands and there would be some challenges in getting it implemented (interstate commerce and such, I'm told), but it would really benefit this country and is FAIR. Those that say the rich don't pay their "fair share" can't complain about loopholes and tax breaks, as there would be no income taxes. Oh yeah, all those people that get paid cash (illegal immigrants, people getting paid "under the table) would be paying their fair share, too...

you did mean"buy them dinner",right?

[jeb stuart]

Synergy wrote:

<quoted text>
jeb, read those books. They will at least give you food for thought.:)

you got me;).

[jeb stuart]

jeb stuart wrote:

<quoted text>you did mean"buy them dinner",right?

and i was just recently bragging on your spelling,etc.!

[jeb stuart]

Bill in Dville wrote:

<quoted text>
I've made this offer many times and haven't had to pay off yet. However, some people I loaned them my copy and said I would be them the finest dinner in town (their choice of restaurant) if they thought it was not a good idea. No, they didn't have to have dinner with me...
IF you buy the books, read them AND understand them and you're not for it or think it's a good idea, I will pay for the books (if you send them to me), so this educational opportunity is "no risk". I will add the books to my "share with others" pile.
Note: I will ask you several questions to make sure you understand the concepts and the rationale.
I have yet to meet someone that understood the concepts that didn't think it was a good idea. Granted, our elected officials won't go for it, as it takes MAJOR power (taxing authority) out of their hands and there would be some challenges in getting it implemented (interstate commerce and such, I'm told), but it would really benefit this country and is FAIR. Those that say the rich don't pay their "fair share" can't complain about loopholes and tax breaks, as there would be no income taxes. Oh yeah, all those people that get paid cash (illegal immigrants, people getting paid "under the table) would be paying their fair share, too...

i may have a few questions for you too,fair enough?

[Bill in Dville]

jeb stuart wrote:

<quoted text>you did mean"buy them dinner",right?

Yep.:)

[jeb stuart]

Synergy wrote:

<quoted text>
jeb, read those books. They will at least give you food for thought.:)

hey,that was funny,but you know that you gave yourself away,too:)

[Bill in Dville]

Informed Opinion wrote:

<quoted text>
Thanks.
I will seek counseling to discover my inner self and that envy that is obvious to you, but so unapparent to my friends, employees, and clients.
Meanwhile, please consider the evaluation of why a VAT is bad for the poor and working class Americans from a well known and respected author on economics, a portion of which is provided below:
What Is Your Opinion About A Value Added Tax?
by Mark Riddix
A VAT could disproportionally affect the poor. Since the tax will be the same for the rich and the poor; the tax will be a higher percentage of an impoverished person’s income.
Why are the poor disproportionately hurt? A VAT disproportionately hurts the poor because the tax would eat into their already limited income. For example, let’s say you have 2 different people (Tim and Robert) living in Texas both having to pay a value added tax. Let’s assume that the VAT is 5% on all purchases in Texas. Tim makes $50,000 per year and spends $6,000 annually on purchases such as food and clothing. Tim pays $300 per year in value added taxes ($6,000 x 5%=$300). Robert also lives in Texas but he only makes $20,000 per year. He spends $6,000 on purchases as well. He will pay the same $300 VAT as Tim. But are they really paying the same thing? The VAT is only 0.6% of Tim’s income whereas it is 1.5% of Robert’s income. Even though they are both paying the same amount of money, the VAT is a larger percentage of Robert’s money. VAT’s represent a much larger chunk of lower income individual’s money than other individuals.
Senior citizens and people that live on fixed incomes would also be adversely affected. Another negative is that a value added tax discourages consumption. The US economy is built on consumption and any decline in spending will hurt businesses and its employees.
Oh wait... Mr. Riddix must hate rich people too.

Please learn something from these conversations, I likely won't be responding any more.

The FairTax is not a VAT. BTW, do you know what the prebate is and why it would eliminate the FairTax for ALL up to the poverty level?

BTW, how was lunch? I just had a great workout and am about to enjoy mine...:)

[jeb stuart]

Synergy wrote:

<quoted text>
jeb, read those books. They will at least give you food for thought.:)

well,at least you know not to take me too seriously.i need one of those devices on my pc that will not allow it to operate when i've had too much to drink!

[Informed Opinion]

Bill in Dville wrote:

<quoted text>Please learn something from these conversations, I likely won't be responding any more.

The FairTax is not a VAT. BTW, do you know what the prebate is and why it would eliminate the FairTax for ALL up to the poverty level?

BTW, how was lunch? I just had a great workout and am about to enjoy mine...:)

Have a great lunch.

Always enjoyable to exchange posts with folks on TOPIX.

[jeb stuart]

Bill in Dville wrote:

<quoted text>
I've made this offer many times and haven't had to pay off yet. However, some people I loaned them my copy and said I would be them the finest dinner in town (their choice of restaurant) if they thought it was not a good idea. No, they didn't have to have dinner with me...
IF you buy the books, read them AND understand them and you're not for it or think it's a good idea, I will pay for the books (if you send them to me), so this educational opportunity is "no risk". I will add the books to my "share with others" pile.
Note: I will ask you several questions to make sure you understand the concepts and the rationale.
I have yet to meet someone that understood the concepts that didn't think it was a good idea. Granted, our elected officials won't go for it, as it takes MAJOR power (taxing authority) out of their hands and there would be some challenges in getting it implemented (interstate commerce and such, I'm told), but it would really benefit this country and is FAIR. Those that say the rich don't pay their "fair share" can't complain about loopholes and tax breaks, as there would be no income taxes. Oh yeah, all those people that get paid cash (illegal immigrants, people getting paid "under the table) would be paying their fair share, too...

when i do torture myself and read these books,i sure hope that your idea of the "best restaurant" is'nt burger king.

[Bill in Dville]

jeb stuart wrote:

<quoted text>when i do torture myself and read these books,i sure hope that your idea of the "best restaurant" is'nt burger king.

Did you read the part that said, "their choice of restaurant"? It may be your comprehension skills aren't up to the task...

[jeb stuart]

Synergy wrote:

<quoted text>
Your other hero, Clinton, passed on the kill. Could have saved us some grief. YOU deal with it. Actually, YOUR hero poser, Obama, was pressured into giving the OK. Deal with it! Sheesh..

come on now,syn.where do you get this info?i have heard several versions of how all this went down,but they all are consistent about this much.they tracked him down(even though they were not sure it was'him').they told the prez.he asked them to come up with plans.they came back with three.number one was a joint u.s./paki op.number two was to bomb or level the whole compound.number three was the seal operation(the most risky)the next day he asked for opinions,chances of success ranged from 40 to 60%.he gave the 'go ahead'.now,what have you heard that makes you think he was pressured?

[jeb stuart]

Bill in Dville wrote:

<quoted text>
Did you read the part that said, "their choice of restaurant"? It may be your comprehension skills aren't up to the task...

well,you know that may depend on what town or city,comprendo aw!

[jeb stuart]

Bill in Dville wrote:

<quoted text>
Did you read the part that said, "their choice of restaurant"? It may be your comprehension skills aren't up to the task...

did you read the part that said "aw".

[jeb stuart]

Bill in Dville wrote:

<quoted text>
I've made this offer many times and haven't had to pay off yet. However, some people I loaned them my copy and said I would be them the finest dinner in town (their choice of restaurant) if they thought it was not a good idea. No, they didn't have to have dinner with me...
IF you buy the books, read them AND understand them and you're not for it or think it's a good idea, I will pay for the books (if you send them to me), so this educational opportunity is "no risk". I will add the books to my "share with others" pile.
Note: I will ask you several questions to make sure you understand the concepts and the rationale.
I have yet to meet someone that understood the concepts that didn't think it was a good idea. Granted, our elected officials won't go for it, as it takes MAJOR power (taxing authority) out of their hands and there would be some challenges in getting it implemented (interstate commerce and such, I'm told), but it would really benefit this country and is FAIR. Those that say the rich don't pay their "fair share" can't complain about loopholes and tax breaks, as there would be no income taxes. Oh yeah, all those people that get paid cash (illegal immigrants, people getting paid "under the table) would be paying their fair share, too...

on second thought,i may just take you up on your original offer-and have your fat butt dinner,i just can't decide if you would be better baked or fried.how much do you weigh?

[Uninformed Opinion]

Bill in Dville wrote:

<quoted text>
Please learn something from these conversations, I likely won't be responding any more.
The FairTax is not a VAT. BTW, do you know what the prebate is and why it would eliminate the FairTax for ALL up to the poverty level?
BTW, how was lunch? I just had a great workout and am about to enjoy mine...:)

"Value added taxes were introduced in part because they create stronger incentives to collect than a sales tax does. Both types of consumption tax create an incentive by end consumers to avoid or evade the tax, but the sales tax offers the buyer a mechanism to avoid or evade the tax—persuade the seller that the buyer is not really an end consumer, and therefore the seller is not legally required to collect it.

The burden of determining whether the buyer's motivation is to consume or re-sell is on the seller, but the seller has no direct economic incentive to collect it. The VAT approach gives sellers a direct financial stake in collecting the tax, and eliminates the problematic decision by the seller about whether the buyer is or is not an end consumer."

Both VATS and sales taxes hurt the poor the most.
Neither one has anything to do with the Fairtax.

Mr Informed Opinion is known far and wide using a scatter gun approach to his opinions . He hits one balloon and misses many others.

[Its on the Way]

Mildred wrote:

Democratic all the way

Damn you must also be one of the fools that helped put Obama back in office for his second term so that he could continue his march to turn this country into a socialist society you will be able to refer to him as Dictator or King Obama soon but I guess you will be happy to do that huh "Democratic all the way" so sad