Every major country that had both a VAT and income tax suffered from lower GDP growth rates. This is why since 2009, Europe's total GDP growth has been less than 20% while ours more than doubled.
This is a fine intellectual argument that ignores reality. Both parties spend up to and beyond revenues. Until something changes, like it did in Argentina, I wouldn't support any form of tax increase, and we all know where the additional revenues would go. If anything, we need to cut taxes to bring the crisis on quicker. I hope the government runs out of other people' money sooner versus later.
The author just entered a time warp back to the 1980s when America was still a real country and we could actually engage in discussions about tax and spending policy as if they really mattered, because they sort of did matter.
Those days are LONG gone. Let me give you a clue, nigga:
America is a lawless state, run by Race Communists and Jews, where all political opposition is effectively outlawed. The Washington regime is actively and aggressively breaking the law by importing millions of hostile young men from the 3rd world and paying their rent. The treasury is being looted, with the proceeds going to politically-connected corporations, NGOs, foreign governments, and the personal bank accounts of various oligarchs. Police Chiefs and District Attorneys all around the country, whose careers are dependent on these oligarchs, are refusing to prosecute, punish, or even investigate widespread crime. The regime is also dragging us into World War 3 on behalf of a few Zionist psychopaths while the rest of the world watches in horror. These are all deliberate policies meant to deliberately destroy our nation and the West. Meanwhile, the only man putting up even a token opposition to this is having his life destroyed. Good luck being a non-billionaire who stands up against all this stuff on behalf of the American people.
But yeah, putting a VAT on spinning rims will solve our problems.
VAT - Gross. As a business owner, I essentially function as an unpaid tax collector and administrator when it comes to sales taxes. It's time consuming and a pain in the ass. VAT increases that pain. VAT means higher prices on everything, not just because of the VAT, but because of back office time spent collecting taxes on EVERYTHING.
Energy money- finish the logic of the petrodollar.
10kw dollar.
This gets us out of a lot of debt including the $695T in derivatives that’s really debt, restoring value to money, bending the energy cost curve down and tapping the animal spirits in the correct way, so they can stop gleaning after grifters.
This was just done in 1984 with telecommunications by the breakup of AT&T. At which point bandwidth became so cheap that long distance phone calls went from a once a year occurrence at 30$ a minute international and $5-10$ a minute domestic to essentially free. At the same time a host of technology sitting gathering dust at Bell Labs came off the shelf, you may have heard of Bell Labs, then Lucent.
Not energy money links, except Henry Ford suggested it.
The only people I find pushing it are Green, and that’s highly suspect given the corruption that already ran over Green.
Which doesn’t make it a bad idea.
I basically arrived at it myself from working in Market Data networking side, the instinct being let’s have honest 1/0s instead of legal fraud.
I picked 10kw as being the closest average price USA all customers, and we have a decimal system. The logic of the petrodollar is well known, buy dollars in oil. That inflation largely drives the cost of energy up and that’s what’s eating all gains is well established since 1973. So I think I’m it for this modest proposal 10Kw dollar.
Computer Scientist George Mobus is discussing something like convert our energy- meaning all inputs- into a token, say measured in BTUs. This is something like? Labor Money?
Cutting spending and trimming down the bloated federal workforce is never on the table for some reason.
Raising taxes chases runaway spending. It'll never catch up. Same problem down the road but now saddled with higher tax rate precedence.
“More and higher taxes are coming.”
The only way it ever goes. Without a painful change. Human greed is always amplified by humans in government.
VAT, fair tax has come up and been shot down the last generation repeatedly. It’s just giving more money to runaway criminals anyway.
Every major country that had both a VAT and income tax suffered from lower GDP growth rates. This is why since 2009, Europe's total GDP growth has been less than 20% while ours more than doubled.
This is a fine intellectual argument that ignores reality. Both parties spend up to and beyond revenues. Until something changes, like it did in Argentina, I wouldn't support any form of tax increase, and we all know where the additional revenues would go. If anything, we need to cut taxes to bring the crisis on quicker. I hope the government runs out of other people' money sooner versus later.
You know what, I'm done with the American Sun. Good luck enacting all your policies.
How quaint.
The author just entered a time warp back to the 1980s when America was still a real country and we could actually engage in discussions about tax and spending policy as if they really mattered, because they sort of did matter.
Those days are LONG gone. Let me give you a clue, nigga:
America is a lawless state, run by Race Communists and Jews, where all political opposition is effectively outlawed. The Washington regime is actively and aggressively breaking the law by importing millions of hostile young men from the 3rd world and paying their rent. The treasury is being looted, with the proceeds going to politically-connected corporations, NGOs, foreign governments, and the personal bank accounts of various oligarchs. Police Chiefs and District Attorneys all around the country, whose careers are dependent on these oligarchs, are refusing to prosecute, punish, or even investigate widespread crime. The regime is also dragging us into World War 3 on behalf of a few Zionist psychopaths while the rest of the world watches in horror. These are all deliberate policies meant to deliberately destroy our nation and the West. Meanwhile, the only man putting up even a token opposition to this is having his life destroyed. Good luck being a non-billionaire who stands up against all this stuff on behalf of the American people.
But yeah, putting a VAT on spinning rims will solve our problems.
VAT - Gross. As a business owner, I essentially function as an unpaid tax collector and administrator when it comes to sales taxes. It's time consuming and a pain in the ass. VAT increases that pain. VAT means higher prices on everything, not just because of the VAT, but because of back office time spent collecting taxes on EVERYTHING.
Please no.
No.
Yes
Energy money- finish the logic of the petrodollar.
10kw dollar.
This gets us out of a lot of debt including the $695T in derivatives that’s really debt, restoring value to money, bending the energy cost curve down and tapping the animal spirits in the correct way, so they can stop gleaning after grifters.
This was just done in 1984 with telecommunications by the breakup of AT&T. At which point bandwidth became so cheap that long distance phone calls went from a once a year occurrence at 30$ a minute international and $5-10$ a minute domestic to essentially free. At the same time a host of technology sitting gathering dust at Bell Labs came off the shelf, you may have heard of Bell Labs, then Lucent.
Finish the petrodollar and go to energy money.
Amen
Do you have any links to read up about this?
Not energy money links, except Henry Ford suggested it.
The only people I find pushing it are Green, and that’s highly suspect given the corruption that already ran over Green.
Which doesn’t make it a bad idea.
I basically arrived at it myself from working in Market Data networking side, the instinct being let’s have honest 1/0s instead of legal fraud.
I picked 10kw as being the closest average price USA all customers, and we have a decimal system. The logic of the petrodollar is well known, buy dollars in oil. That inflation largely drives the cost of energy up and that’s what’s eating all gains is well established since 1973. So I think I’m it for this modest proposal 10Kw dollar.
Computer Scientist George Mobus is discussing something like convert our energy- meaning all inputs- into a token, say measured in BTUs. This is something like? Labor Money?
Not quite what I mean.
https://www.financialsense.com/contributors/george-mobus/biophysical-economics-energy-standard-money
Here’s the derivatives to see that hole. $695T. It doesn’t say hole 🕳️ the term used is “notional.”
This is the actual, er, market… 😕
https://data.bis.org/topics/OTC_DER/tables-and-dashboards/BIS,DER_D5_1,1.0
Thanks
Maybe some young man will read it and make it happen after the reckoning is done.
Changing the tax laws is antisemitic