Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens

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There is a way of not needing to cut benefits, but instead it involves GDP growth above 4% for a decade. Would require going to a flat tax and massive deregulation of the energy sector in America. Ain't gonna happen with Biden in the White House though.
It's a conundrum wrapped in mystery isn't it. We have to have growth to avoid cuts, but they won't do what's needed to grow above 2%...
 
Not gonna happen without an act of God Himself
It's a conundrum wrapped in mystery isn't it. We have to have growth to avoid cuts, but they won't do what's needed to grow above 2%...
Just going to a flat tax of 20% and ending every form of double taxation (dividends, death tax, etc.) it would be revenue neutral, and grow GDP alone by itself. It's the biggest no-brainer of all time along with with dramatically increasing Nuclear power production.

US Tax Reform Plan: Federal Flat Tax


Table 1. Combined Long-Run Effects of the Growth & Opportunity Tax Provisions
Gross Domestic Product (GDP)+2.3%
Capital Stock+3.0%
Wage Rate+1.3%
Full-Time Equivalent Jobs+1.3 million
Source: Tax Foundation General Equilibrium Model, February 2023.

  • A flat tax of 20 percent on individual income combined with a generous family allowance to protect low-income households. All other major credits, deductions, and preferences would be eliminated except the current-law Earned Income Tax Credit (EITC), a more stable Child Tax Credit (CTC), and tax-preferred savings accounts.
  • A distributed profits tax of 20 percent in lieu of our current overly complex regime for taxing domestic and foreign profits earned by corporations and pass-through businesses.
  • Elimination of taxes at death and simplified treatment of capital gains to remove the burden of unnecessary compliance and administrative costs.
 

Experts believe that borrowers with a credit score of about 680 would pay around $40 more per month on a $400,000 mortgage under rules from the Federal Housing Finance Agency that go into effect May 1, costs that will help subsidize people with lower credit ratings also looking for a mortgage, according to a Washington Times report Tuesday.

"Why was this done? The answer is simple, it was to try to narrow the gap in access to credit, especially for minority home buyers who often have lower down payments and lower credit scores," Stevens said.

"The gap in homeownership opportunity is real. America is facing a severe shortage of affordable homes for sales combined with excessive demand causing an imbalance. But convoluting pricing and credit is not the way to solve this problem."
 
Just bought 80 silver rounds by a mint that aren't US mint. First time I've done this but they wanted $36 for Eagles and only $30 for morgan ripoffs. If shit gets bad... 1oz of silver is 1oz of silver.... aint nobody checking mint marks.
The only trade off in paying the ridiculous premiums for sovereigns is that in most states they can be bought/sold with zero paperwork. The only sovereign I’ve bought in 2 years was a roll of silver Krugerrand & regular purchases of junk/Constitutional.
 
Just going to a flat tax of 20% and ending every form of double taxation (dividends, death tax, etc.) it would be revenue neutral, and grow GDP alone by itself. It's the biggest no-brainer of all time along with with dramatically increasing Nuclear power production.

US Tax Reform Plan: Federal Flat Tax


Table 1. Combined Long-Run Effects of the Growth & Opportunity Tax Provisions
Gross Domestic Product (GDP)+2.3%
Capital Stock+3.0%
Wage Rate+1.3%
Full-Time Equivalent Jobs+1.3 million
Source: Tax Foundation General Equilibrium Model, February 2023.

  • A flat tax of 20 percent on individual income combined with a generous family allowance to protect low-income households. All other major credits, deductions, and preferences would be eliminated except the current-law Earned Income Tax Credit (EITC), a more stable Child Tax Credit (CTC), and tax-preferred savings accounts.
  • A distributed profits tax of 20 percent in lieu of our current overly complex regime for taxing domestic and foreign profits earned by corporations and pass-through businesses.
  • Elimination of taxes at death and simplified treatment of capital gains to remove the burden of unnecessary compliance and administrative costs.
And Biden wants to do everything but this, including bringing back the debate on taxing unrealized gains on stocks, at an outrageous number that will kill the average investor, if any will be left
 
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^^Europeans protest the Govt, Americans blame the other party


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Reading many of the comments below that tweet really make me DESIRE a purge. There are FAR TOO MANY FUCKING RETARDS in this country. We're all fucked.
 

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