From: Canuck57@nospam.com
On 01/03/2012 9:57 PM, John Fleming wrote:
> [Default] On Thu, 1 Mar 2012 13:43:09 +0000 (UTC), while chained to a
> desk in the scriptorium Andrew Chaplin
> wrote:
>> $John Fleming wrote in
>> $news:tvsuk7logmqvdu02u1hr039qfrr8nsqvs5@4ax.com:
>> $
>> $> [Default] On Wed, 29 Feb 2012 06:57:29 -0800 (PST), while chained to a
>> $> desk in the scriptorium simplicity wrote:
>> $>
>> $>> $On Feb 28, 6:53 pm, Sir eel wrote:
>> $>> $> On Feb 28, 10:15 am, Alan Baggett
>> $>> wrote: $>
>> $>> $> > Economists say Ottawa should tax food
>> $>> $>
>> $>> $> > 02/25/2012 | Julian Beltrame, The Canadian Press
>> $>> $>
>> $>> $> > Two of Canada's leading economists
>> $>> $>
>> $>> $> ====================================================
>> $>> $>
>> $>> $> ????/ leading economists!
>> $>> $> two buffons who equate the percentage of of disposable income
>> $>> spent $> on food is the same for the $600,000.00 income person as it
>> $>> is for the $> $30,000.00 wage earner.
>> $>> $> You got two choices these two are idiots or they're paid stooges
>> $>> $
>> $>> $To be willing to make oneself look like an idiot for money, one must
>> $>> $be an idiot. Period.
>> $>
>> $> The problem with taxing food is the people who bear the brunt of the
>> $> tax increase are lower income earners.
>> $>
>> $> While someone in a higher income bracket might spend a bit more per
>> $> family member than a lower income earner--more expensive cuts of meat,
>> $> for example--they don't eat significantly more food.
>> $
>> $Whether or not one gets "progressive" results from taxing food all lies
>> $in the tax credits that one devises. The only people whom tax on food and
>> $rent could hit unduly are low income earners who do not file tax returns.
>> $
>> $Tax *everything*--especially legal fees--at a low rate and use tax
>> $credits to shield the poor.
>
> I think, if you really want to help the low income earners, increase
> the personal exemption for income taxes at a rate faster than
> inflation.
I see you noticed that too, taxes do go up when this occurs. Hits
seniors, disabled, vets, pensioners.....not just the middle class.
> With the personal exemption, essentially the first $11,000 or so
> income is tax free. Say, over the next five years, you bumped this up
> to $15,000, and you put more money in the pockets of people who will
> spend the money on goods and services.
But they will not, as they are greedy. Hidden taxes too are like this.
> While people with high incomes benefit too, they won't benefit to
> anywhere near the same extent as someone who is trying to make ends
> meet on less than $24,000 per year.
Yes, this is true. If you had an income of a million, $5K in deductions
isn't going to make much of a difference.
But here is why it doesn't work for the government. I know USA numbers
better, but suspect Canada isn't that much difference.
If Obama were to outright confiscate the entire net worth of every USA
billionaire, he would still be in deficit and no future tax income from
the same billionaires because he took it all.
Bottom line, like Greece, tax too much and those with economic liberty
just move on and unemployment and under employment grow. Leaving the
greedy socialists to all share having nothing (sooner or later).
The answer can't always be just raise taxes, the obvious sane way to go
is to better utilize the taxes they do collect.
And the more government gets, the less the people get. This is with
mathematical certainty.
--
Corrupt USA, Euro Bank and Military Regime, funding both sides of
terrorism for profit and debt-tax slavery.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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