Dec 17, 2010
I feel that my 1st Amendment right is often intimidated by those exercising their 2nd Amendment right "in my face'. (Dec 6, 2012 | post #374)
A Truly Fair Flat Tax! I read in Wikipedia that the net worth of all the people of the USA was 54.5 trillion. So I figured a 7% tax on net worth to be phased in over 10 to 20 years would easily cover national expenditures. Anyone that didn't earn enough income to pay their taxes would see their unearned wealth disappear after 20 years or so. This makes the wealthy elite who inherit their wealth to be forced to be productive or cease to have wealth. Probably there should be an exemption level like only net worth over $50,000 to be taxed. Or other necessary exemptions could be added to guide the economy and make Congress feel good about doing something. Then we could remove the inheritance tax, the corporate tax, the stock market tax and all other federal taxes that the 1% is always whining about. Many people who are unable to earn over 7% would have to borrow on their assets to pay the tax, but then they would have less net worth the following year. After a generation the wealthy truly will be the producers in society. Now that's a fair tax! Even a 1% tax on wealth would help makes things more fair. Pragmatically speaking, even some hybrid tax system on net worth would be fairer than what we have now. (Nov 21, 2012 | post #1)
yes, sounds fair to me. Make the wealthy earn their wealth and quit whining about unfair the tax system is! (Apr 2, 2012 | post #2)
Tell us you want to "talk" when really all you want to do is complain about what we do. (Nov 18, 2011 | post #6)
I read in Wikipedia that the networth of all the people of the USA was 54.5 trillion. So I figured a 7% tax on networth to be phased in over 10 years would easily cover national expenditures. Anyone that didn't earn enough income to pay their taxes would see their wealth disappear after 20 years or so. Probably there should be an exemption level like only network over $50,000 to be taxed. Then we could remove the inheritance tax, the corporate tax, the stock market tax and all other federal taxes. Many people would probably have to borrow on the assets to pay the tax, but then they would have less networth the following year. Now that's a fair tax! (Nov 6, 2011 | post #1)
Follow your own tail, and you will eventually see the results of your deeds. (Nov 6, 2011 | post #3)
born, worked, retired -in good conscience (Nov 6, 2011 | post #9703)
God bless the world! (Nov 6, 2011 | post #111)
well, I guess I may be leaving Topix for a few months while I catch up on other forums I frequent. (Mar 27, 2011 | post #2)
Will those who are not trolls - please stand up? (Mar 26, 2011 | post #344)
Then I saw it, there it was... a tree with three trunks in one tree. After that time I never saw a three treesome in the same way. I would look into the forest scanning about for tree threesomes, but never again did I see one. (Mar 26, 2011 | post #8)
Q & A with Terrence747
What is ChurchOfAnimatedBunny?
Infinidox - infinite paradox
I don't know what this means
Aldis grocery store, Taco Bell, Wal*Mart, Giant grocery store
I Belong To:
I consider all rational independent thinking people as my friends, plus those who are kind hearted. Some people are both, but not so many
When I'm Not on Topix:
I am retired, and work around the house. I do a lot of writing. I have ebooks on Amazon.com - search for Terrence747 on Amazon.
Read My Forum Posts Because:
I am provocative with useful ideas.
I'm Listening To:
Father and the Spirit
Read This Book:
Esoterica (Church of the Animated Bunny)
debating, philosophizing, handyman, playing video games
On My Mind:
Learning by debating. Which ideas are the stongest and truest? It's a verification system.
Blog / Website / Homepage:
I Believe In:
Life after death and karma. I am independently religious. I write books on these things.
Copyright © 2015 Topix LLC