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Response to 7962 (Reply #19)

Mon Sep 2, 2013, 04:06 PM

22. Consumption tax is the worst ever.

The richest spend a fraction of their income, and so pay on a fraction.

Poor people spend all theirs, and so are taxed on every dime. Bad idea.

The people who want to tax your 401k aren't using high corporate tax rates as a reason. They just don't want you to retire, ever. They prefer you die working and before you incur great medical expense. Screw them.

Since you've abandoned your retirement planning to your company, I very sincerely hope that works out for you. Often, it doesn't.

China has no consideration? Hmm. I guess the coming missile strike on Syria is a humanitarian gesture? And a million more examples of USA simply killing people routinely as part of business for the MIC. Check out the Keystone Pipeline and their hired thugs running property owners off their own land, including a 74 year old woman in Texas now in jail.

Nothing convoluted about 92% tax rate. Invest or pay. That's the way around it. Worked in the 50s, very well indeed.

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xchrom Sep 2013 OP
Scuba Sep 2013 #1
hobbit709 Sep 2013 #2
Royal777 Sep 2013 #20
dkf Sep 2013 #3
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Celebration Sep 2013 #5
socialist_n_TN Sep 2013 #15
FreeJoe Sep 2013 #6
Half-Century Man Sep 2013 #10
FreeJoe Sep 2013 #16
radiclib Sep 2013 #7
alc Sep 2013 #8
mbperrin Sep 2013 #12
oldhippie Sep 2013 #17
AnotherMcIntosh Sep 2013 #21
mbperrin Sep 2013 #23
Dustlawyer Sep 2013 #9
7962 Sep 2013 #11
mbperrin Sep 2013 #13
7962 Sep 2013 #14
mbperrin Sep 2013 #18
7962 Sep 2013 #19
LineLineLineLineLineLineNew Reply Consumption tax is the worst ever.
mbperrin Sep 2013 #22
7962 Sep 2013 #24
mbperrin Sep 2013 #25
valerief Sep 2013 #26
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