08-10-2016, 07:08 PM
(08-10-2016, 06:40 PM)Aquapod770 Wrote: Noticed you left this one out...
Essentially it would be a tax break for everyone. Well unless you don't pay income tax.
So if you are below the poverty level they will give you a check each month. If you are in the middle class you pay the same tax as the super rich. Except the middle class I imagine buys a lot more good collectively than the super rich. So while it costs more for a middle class family to feed and clothe their family the super rich can play at the casino and risk the retirements of anyone below them because no capital gains tax gives them no incentive to hold on to an investment.
This sounds like one of the worst tax ideas i have heard. First time hearing about so i really dont know much. But my initial reaction is a billionaire makes all their money tax free, invests tax free, they just have to pay a little more for the extravagant goods they buy ,the Mcdonalds or whatever food they are eating on their jet will cost a little more for everybody , and that is going to provide enough money to pay for national defense and infastructure? Color me skeptical
