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 Post subject: Romney tax plan finally explained!
PostPosted: Fri Oct 19, 2012 8:50 am 
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Here it is.


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 Post subject: Re: Romney tax plan finally explained!
PostPosted: Fri Oct 19, 2012 9:15 am 
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I read the tax plan in full, it looks like Romney is going to screw everyone but the mega rich (i.e. himself).


Andy

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 Post subject: Re: Romney tax plan finally explained!
PostPosted: Fri Oct 19, 2012 10:07 am 
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Found it on Amazon, it's a bit of a read.

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 Post subject: Re: Romney tax plan finally explained!
PostPosted: Sun Oct 21, 2012 12:21 pm 
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Here's another good one-

Image


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 Post subject: Re: Romney tax plan finally explained!
PostPosted: Tue Oct 23, 2012 3:50 pm 
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andyb wrote:
I read the tax plan in full, it looks like Romney is going to screw everyone but the mega rich (i.e. himself).

Andy

Well they live by the myth that the rich are job creators, while dismissing supply-and-demand/real capitalism. They only scream about capitalism when they are regulated from performing such minor issues as collapsing a global economy.

Benito Mussolini wrote:
Fascism should rightly be called Corporatism, as it is the merger of corporate and government power..

http://www.brainyquote.com/quotes/autho ... olini.html

Mitt Romney wrote:
Corporations are people too.


Sinclair Lewis wrote:
When fascism comes to America, it will be wrapped in the flag and carrying a cross.


Take a guess where this is going.

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 Post subject: Re: Romney tax plan finally explained!
PostPosted: Tue Oct 23, 2012 9:18 pm 
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Quote:
Well they live by the myth that the rich are job creators, while dismissing supply-and-demand/real capitalism.


I dont doubt that some of the rich entrepreneurs are job creators and as such deliver more tax revenue to the government than just sticking that money into a bank, however in times of recession an entrepreneur will be as cautious as everyone else, but with more money. They will want to be damned sure that their enterprise will be a success before putting their money on the line, but that is exactly what the banks are doing as well, which is why the US and the UK governments are both perusing QE, to (in theory) encourage banks lending to individuals and small businesses by freeing up capital.

The big problem with all of this is that of confidence (or fear, take your pick) in the economy as a whole, and in more modern times regional economies and the entire world economy.

None of these issues will be affected a lot by reducing the tax to the riches people in society (or by not increasing it to the same degree as other tax payers), so Romney's tax system is heavily flawed IMO.

There are 2 other significant issues surrounding the question of taxes and the rich, both of which have been proven repeatedly in history. If a government taxes the rich "too much" the government will actually receive less in tax than if the tax rate was lower (I cant be bothered to look it up now), but there was a Labour UK government that did this and ended up with a tax rate for the rich that was around 80%, the government actually received significantly less revenue than when the tax rate for the rich was at 40%. The other thing is "tax loopholes", the irony is that you have to be rich to afford to use these loopholes, which is why one of the big reasons why rich people often pay a lower amount of tax than less well off people.

I certainly would not suggest that trying to taxing the rich into poverty out of a warped ideology is a good or sensible idea, because they will likely just move to another country with all of their money, you want them to stay put and pay their taxes to your country (unlike what France it trying to do with an 80% tax on the mega rich, please move to the UK and start up businesses here). A sensible government will pick a tax system that is not just fair and progressive, but actually gathers the largest amount of tax revenue, exactly what that is will vary a great deal from one country to the next. Finally, tax loopholes need to be closed, and companies (or individuals) that use offshore tax havens rather than paying taxes in the country the operate in need to be forced to pay taxes in some way in the country that they operate in.


Andy

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 Post subject: Re: Romney tax plan finally explained!
PostPosted: Mon Oct 29, 2012 12:07 pm 
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Well the Murdoch and Koch Bros propaganda is maximizing the OJ Simspson effect, just keep lying and make it sound authentic, and the cult following party followers will buy it hook, line, and sinker.

Too bad the Brits didn't finish Murdoch off, so the Americans could have gotten a legal toehold on his antics.

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 Post subject: Re: Romney tax plan finally explained!
PostPosted: Mon Oct 29, 2012 7:09 pm 
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Sinclair Lewis wrote:
When fascism comes to America, it will be wrapped in the flag and carrying a cross.
No worries, then! Mormons don't carry crosses. :lol:

On a more serious note, Romney's politics are inconsistent with his religion, which is a shame. Mormon theology and charity programs are big on encouraging socioeconomic equality.
aristide1 wrote:
Well the Murdoch and Koch Bros propaganda is maximizing the OJ Simspson effect, just keep lying and make it sound authentic, and the cult following party followers will buy it hook, line, and sinker.
When has Fox News even sounded authentic? Unfortunately, it seems that if you stroke a little ego and stoke a little self-righteousness, you don't need to make sense. The American public is ignorant enough to follow you, anyway.

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 Post subject: Re: Romney tax plan finally explained!
PostPosted: Tue Oct 30, 2012 9:30 am 
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Irrelevant wrote:
When has Fox News even sounded authentic? Unfortunately, it seems that if you stroke a little ego and stoke a little self-righteousness, you don't need to make sense. The American public is ignorant enough to follow you, anyway.

You'll have to ask m0002a that question.

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