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Welfare alone for 2011 largest budget item in FY 2011 at approx $1.03 trillion

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Posted

< had an '88 caprice classic. nothing will ever drive like that motherf*cker.

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Posted

a flat tax would necessitate wage increases unless you're interested in re-creating a 19th century class system.

wage increase leads to higher unemployment... the whole thing is a net-zero with higher unemployment.

Explain

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Posted

Didn't you say previously that someone who cannot live on $55k a year is not doing something right? What is rent/mort? $1000? How much is a cheap car? $20k? The monthly payment on that is around $250ish.

Right now the tax rate on $55k is 25% or roughly $14k and fro someone making $550k it's 35% or $192k. Let's say we raise the persons taxes making $55k to 35% that would mean he would be losing out on 5 months rent/mort and 2 months of car payments. Paying the same rate drastically impacts the life of someone on the lower end.

People who make more should pay more. It's not a punishment....Paying more does not change their lifestyle or put them in the poor house.

Okay now your getting into my field, I was a Sales Maneger at a car dealership for the past two years.

A cheap car is an oxymoron these days, that said a 20k car at 60 months with a good interest rate (assuming the individual is responsible and maintains good credit) with a 10% downpayment would be around $200, quite affordable.

If we are talking about a single person there is no reason 55k should not be enough for a good living.

Now if we are talking about a married couple then we are getting into combined income which should raise it to around 90k at the lowest.

Either way a flat rate is the fairest thing that could possibly happen, the ammount of money a person makes is somthing they can control with there descions and dedication, becoming wealthy is all about sacrificeing immediate satisfaction for long term sucsess people are bound by the choices they make and there own willingness to achieve bigger and better things.

Taking more money from wealthy people simply because they have more is a week way out, a flat rate and the elimination of loopholes would make a flat rate of say 18% work.

Also while paying a higher rate won't put them in the poor house when you have that much money you are accustomed to a certain quality of life so in effect it is still haveing a simular effect.

You sound as if you support the outright redistribution of wealth.

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Posted

< had an '88 caprice classic. nothing will ever drive like that motherf*cker.

True that. Put about 80k on ours, wrecked/repaired 3 times. After a paint job sold it for more than I bought it for. Twas a beautiful thing

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Posted

Explain

i'm sure pstall or jase could get into this further than i could... but it seems to me that when you raise tax on the lower class, you're effectively taking away income correct? Heritage foundation has their flat tax rate set at 28%. So if you're making $28,000 per year, you're actually making $20,000 per year. Now, maybe that's enough to live on... probably not like a human being... but you could not die... as long as you didn't have to go to the doctor or something. If you have to go to the doctor... well... the government is gonna have to pay. Anybody who makes below that amount, flat out can't survive... so if you don't increase wages you simply incentivize people to live off the dole, which eats up your net gains, if you shut down the entitlements in addition to a flat tax (which is what would happen,) you literally end up with a huge amount of second class citizens. People who are making $4.85 an hour with no benefits. $39 a day with no healthcare. That's not good for a society as a whole.

Now. Say you do raise wages... well then the companies who are hiring people are paying out more for the same labor. You can put any numbers you want into it and figure out the difference between tax and increased wages... but then in order to keep profits/shareholders/bonuses, you need to cut dead weight... so you fire an equal number of people as is required to get your bottom line back to where it was. It doesn't matter so much because demand is down on nearly everything except staples... so unless you're making cereal, bread, diapers or baby formula your profits are down simply by virtue of an extra 100 million people (who used to have expendable income) being thrown below the poverty level. Crime is up... so governments spend more on prisons and police... which further negates whatever bonus you got from the tax plan and the wealthy (who spend very little money) continue to do so and everything stagnates because 10% of the population simply cannot fuel the economy. If instead of a flat tax, this is a VAT, effectively the same thing happens except the rich simply spend all their money over seas in order to avoid it. The earth cracks open, velociraptors emerge and feast on the young. Cats and dogs living together etc etc.

i'm not arguing whether or not a flat tax is "fair" (whatever the f*ck that means in a capitalist society,) I am arguing that it's a very poor way of advancing a society.

TLDR: mmmbeans flat tax distopian future.

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Posted

True that. Put about 80k on ours, wrecked/repaired 3 times. After a paint job sold it for more than I bought it for. Twas a beautiful thing

300k. ran like a freaking top.

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Posted

nice work mmm.

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Posted

oh and for the thread within a thread, mom had a 76 pontiac that was a monster. had a mafia trunk where you could put 5 bodies in.

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