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Thread: SHORTAGE OF MONEY!

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  1. #16
    us
    onfire

    Nov 2004
    Wisconsin
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    All Types Of Treasure Hunting
    Quote Originally Posted by Rebel - KGC View Post
    Interestingly, DRONES are used "in-country" to take out enemy LEADERS; don't give a rat's arse, if they WERE once U.S. citizens. The stealth bombers/fighters (YAY!) are used on ENEMY combatants... YAY!

    NOW! As to here in the U.S.A.; Be MINDFUL of UNLAWFUL COMBATANTS. "Google" it, if you must...
    funny you brought that up I guess all you have to do is grow a beard to be in a safe zone... Just ask the guy's a FORT HOOD. And what's that costing us?

  2. #17
    ca
    Oct 2011
    Quebec
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    Metal Detecting
    Honorable Mentions (1)
    Folks,

    As most of you already know the US has a lot of world class consumer staples companies, Coke, Kraft,etc....a lot of their sales and profits are in overseas markets.....

    If they don't repatriate their profits back to the US they avoid domestic taxation on the profits....pure and simple....you have to remember these companies have some of the brightest accounting and legal minds on staff....if there's a work around they'll find it....just my HO.

    Regards + HH

    Bill

  3. #18
    us
    May 2005
    Northern California
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    Today, on the tv news, they talked about the business owners in New York moving their business' to Florida to avoid the high taxes, cost of living and property costs in NY. Can't blame them a bit. If my roots weren't so deep here in California, I'd head to another state myself. Thing is, as money moves out of the higher taxed states, that means that the "functional" people left in the state will have to pay more to hand out to the growing population of scum suckers living off the taxpayers. I don't see what good raising minimum wage will do for anyone either. People willing to work for minimum wage will just get taxed more and manufacturers will just charge more for their products to make up for what they have to pay. It also puts the rest of the workforce closer to the bottom because raising the minimum doesn't help them a bit. Then, if you look at this problem on a global scale, you can see we are in trouble. Our fearless leaders want to cut the defense budget but increase the buy-more-votes with taxpayer handout programs.
    Last edited by packerbacker; Feb 15, 2013 at 11:41 AM.
    Banking off a Northeast wind, sailin' on a summer breeze

  4. #19
    us
    Voice of Reason?

    Nov 2012
    Thousand Oaks, CA
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    Guns kill people, and people kill people. We can only hope to control both.
    Quote Originally Posted by Frankn View Post
    I have never liked our tax system. I would prefer a flat income tax. We could probably get by with 10/15%. There would be NO DEDUCTIONS. There would be only two exceptions, no tax on income under the poverty level and no tax on social security payments.

    Tax should be used to run the government. Not used to punish or reward.

    Another thing, I would like to see some kind of review on the military BLACK PROJECTS. Hay look at all the drones, there are over 27 types in use now. We don't really need an F22 and a F35. Some would really be surprised if they could see the money that is wasted on some of the stupid projects. We are talking Billions here, maybe into trillions. Frank

    Attachment 740730
    A flat regressive tax would be a disaster for MOST people (except the rich). I would support a progressive flat tax. $50,000 or less 1%, $50k to $100K 10%, $100k to 200K 15%, $200k or more 20%. No deductions. No expenses, no nothing. Then again, not likely. Too many rely on deductions to guild our behavior.

    As for the Money overseas, I would support a tax holiday... no tax on any money brought into the U.S. as long as it is used for investment in capital development (factories), Salaries for new hires, etc. If they want to bring the money back to improve their business within the U.S. GREAT. The government will get its taxes on the rebound (sales tax on capital investment, income tax on new hires, etc).

  5. #20
    us
    Voice of Reason?

    Nov 2012
    Thousand Oaks, CA
    1,408
    908 times
    Guns kill people, and people kill people. We can only hope to control both.
    Quote Originally Posted by dieselram94 View Post
    His ponzi scheme was essentially what social security does. There is no better system than capitalism. The bankers were forced to make bad home loans by Clintons affordable housing act. Lets make sure we place the blame were it truly belongs.......
    Oh, there's plenty of blame to go around. IT started with the affordable housing act. It was fostered through deregulation. I like to say that history does not repeat itself, but it does echo. Laisse Faire Capitalism (unregulated capitalism) has proven itself to be unsupportable over the long term. Industries can not and will not regulate themselves responsibly because as soon as a capitalist sees that someone else has an advantage, the easiest way to catch up is to short cut the self imposed regulations. Maintaining a safe workplace environment is an essential government function as much as maintaining roads and building bridges.

  6. #21
    us
    I deal in reality

    Mar 2010
    Maryland
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    Quote Originally Posted by dejapooh View Post
    A flat regressive tax would be a disaster for MOST people (except the rich). I would support a progressive flat tax. $50,000 or less 1%, $50k to $100K 10%, $100k to 200K 15%, $200k or more 20%. No deductions. No expenses, no nothing. Then again, not likely. Too many rely on deductions to guild our behavior.

    As for the Money overseas, I would support a tax holiday... no tax on any money brought into the U.S. as long as it is used for investment in capital development (factories), Salaries for new hires, etc. If they want to bring the money back to improve their business within the U.S. GREAT. The government will get its taxes on the rebound (sales tax on capital investment, income tax on new hires, etc).
    I like your idea on a tax holiday on money moved back into this country and used for investment. But I believe a flat tax should be just that, the same for everyone over the poverty level. This makes it more likely to be paid as it would be perceived as being a fair tax by all. The increase in paying more in taxes is driven by more income not an arbitrary number. Several years ago, an accountant I knew Had worked the numbers and it came out to app. 10% . The 10% tax was derived straight from the income with NO deductions. Frank

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  7. #22
    us
    May 2005
    Northern California
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    All Types Of Treasure Hunting
    I just think that they should look at "spending" reform along with tax reform. We wouldn't need such high taxes if they would control spending what they do get. You can only buy your dependent children so much before the money runs out.
    Banking off a Northeast wind, sailin' on a summer breeze

  8. #23
    us
    Voice of Reason?

    Nov 2012
    Thousand Oaks, CA
    1,408
    908 times
    Guns kill people, and people kill people. We can only hope to control both.
    Quote Originally Posted by Frankn View Post
    I like your idea on a tax holiday on money moved back into this country and used for investment. But I believe a flat tax should be just that, the same for everyone over the poverty level. This makes it more likely to be paid as it would be perceived as being a fair tax by all. The increase in paying more in taxes is driven by more income not an arbitrary number. Several years ago, an accountant I knew Had worked the numbers and it came out to app. 10% . The 10% tax was derived straight from the income with NO deductions. Frank
    Progressive taxes are generally accepted as being the most fair. Those who have the ability to pay more should. If you earn $40,000 a year, that $4000 tax bill is really going to hurt. If you earn $4,000,000 a year, sending in $400,000 is like a holiday. Who cares. The only way the bite can seem similar is to create a fair, progressive system that spreads the pain around so that all feel the pain of their responsibility equally.

  9. #24
    us
    Voice of Reason?

    Nov 2012
    Thousand Oaks, CA
    1,408
    908 times
    Guns kill people, and people kill people. We can only hope to control both.
    Quote Originally Posted by packerbacker View Post
    I just think that they should look at "spending" reform along with tax reform. We wouldn't need such high taxes if they would control spending what they do get. You can only buy your dependent children so much before the money runs out.
    The biggest problem here is the so much of the spending is non-discretionary. So much money is spent on commitments we made years ago. We planned for the expense of Social Security for the Baby Boom, Medicare, medicaid, and so on, but we did not plan well enough. Like those who lost their 401k in the crash, we are struggling to pay for things we have collected on over the last 50 years. It will be a hard row to hoe, but we will make it. I believe we will have to go to some sort of means testing for Social Security. We may have to change laws to try to make medicare more sustainable (negotiate prices on drugs?)... We can eliminate all discretionary spending, and without an increase of revenue, we will not solve the problem.

  10. #25
    us
    Moving forward! "WP"

    Jun 2011
    Mid Coast Maine
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    Quote Originally Posted by dejapooh View Post

    The biggest problem here is the so much of the spending is non-discretionary. So much money is spent on commitments we made years ago. We planned for the expense of Social Security for the Baby Boom, Medicare, medicaid, and so on, but we did not plan well enough. Like those who lost their 401k in the crash, we are struggling to pay for things we have collected on over the last 50 years. It will be a hard row to hoe, but we will make it. I believe we will have to go to some sort of means testing for Social Security. We may have to change laws to try to make medicare more sustainable (negotiate prices on drugs?)... We can eliminate all discretionary spending, and without an increase of revenue, we will not solve the problem.
    I don't think the govt has a revenue problem. Means testing for social security is just another form of wealth transfer. Tax all and punish those who planned for retirement (personal resposability) with no benifits and reward the irresponsible by giving them benifits. Socialism...
    Restore Freedom and get us out of the UNITED NATIONS NOW!!!!!!
    NOT a member of the recipient class...
    plp1.org

  11. #26
    us
    Voice of Reason?

    Nov 2012
    Thousand Oaks, CA
    1,408
    908 times
    Guns kill people, and people kill people. We can only hope to control both.
    Quote Originally Posted by dieselram94 View Post
    I don't think the govt has a revenue problem. Means testing for social security is just another form of wealth transfer. Tax all and punish those who planned for retirement (personal resposability) with no benifits and reward the irresponsible by giving them benifits. Socialism...
    Ok, you are saying we need to cut spending. I am saying we need to cut spending and increase revenue. I've mentioned one place we could cut, We can cut defense. We can cut subsidies to farmers and oil companies. Tell me where we can cut enough to make up for all we have to pay?

  12. #27
    us
    Moving forward! "WP"

    Jun 2011
    Mid Coast Maine
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    Welfare?
    packerbacker likes this.
    Restore Freedom and get us out of the UNITED NATIONS NOW!!!!!!
    NOT a member of the recipient class...
    plp1.org

  13. #28
    us
    Moving forward! "WP"

    Jun 2011
    Mid Coast Maine
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    Quote Originally Posted by dejapooh View Post
    Ok, you are saying we need to cut spending. I am saying we need to cut spending and increase revenue. I've mentioned one place we could cut, We can cut defense. We can cut subsidies to farmers and oil companies. Tell me where we can cut enough to make up for all we have to pay?
    Cut defense? Really? Do you think in today's world that would be wise? We have always had everyone's back on the world stage, but who has ours? May I remind you of North Korea's nuke tests recently as well as Iran's nuke program? I am all for cutting spending but I think a cut in defense is suicide. I say cut welfare, subsidies to study things that don't need to be studied, foreign aid to countries that hate us just to start the list. Why should you or I be punished for being responsible and preparing for retirement? Don't get me wrong I hate social security but if I am required to pay in I deserve to get something back. It's my money and not the government's after all!
    Restore Freedom and get us out of the UNITED NATIONS NOW!!!!!!
    NOT a member of the recipient class...
    plp1.org

  14. #29
    us
    Moving forward! "WP"

    Jun 2011
    Mid Coast Maine
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    6650 times
    Beach and Shallow Water Hunting
    As far as increasing revenue goes, if we lowered tax rates for individuals and corporations that keep money and operations here revenues would naturally go up as the economy improves. How has the economy been doing the last several years with the threat of taxes going up and obamacare being implemented. Not to mention minimum wage.
    Restore Freedom and get us out of the UNITED NATIONS NOW!!!!!!
    NOT a member of the recipient class...
    plp1.org

  15. #30
    us
    Aug 2012
    New Mexico USA
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    Prospecting
    Quote Originally Posted by dieselram94 View Post
    His ponzi scheme was essentially what social security does. There is no better system than capitalism. The bankers were forced to make bad home loans by Clintons affordable housing act. Lets make sure we place the blame were it truly belongs.......
    I think we drink from different wells. What you call Ponzi I call an annuity. For those that collect SS most will say it's the best investment they ever made.
    To blame Clinton for the housing disaster years after he left office is a stretch. Especially after Bush's' contribution.
    Blaming any President is just giving the real crocks a free pass. None of our Presidents conceived the ideas of robo signers, false credit reporting and we all know the rest. I blame the crooks.
    History teaches that an empire's failure begins with a moral decline. Our decline strangely seems to mirror the legalization of many things that once were illegal but mainly pornography. I'm no moralist, just pointing out a parallel. The immoral things done in business today once were scarce.

 

 
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