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Disingenuous

January 7, 2013

The economic rhetoric we hear from politicians these days is little more than disingenuous magical thinking that will do little to resolve the nation’s financial ills....

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(44)

philunderwood

Jan-09-13 9:36 AM

Gavin, we’re in agreement in principle; I just think eliminating any sort of income tax in favor of a variable sales tax is the best way to go.

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nobud74

Jan-09-13 5:48 AM

Wow! CM is posting from the elementary playground again. (Raspberry!!!!)

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gavinf56

Jan-08-13 6:37 PM

Phil, going off the discussion, if we reform the tax code and eliminated all deductions and the rate taxed is the actual rate paid with the rates similar to the President's Debt Commission you could get something to work like this.

Say the budget deficit for 2012 was 10%. You would then have to raise everyone's taxes by 10% for the 2013 fiscal year so a person paying a 10% tax rate in 2012 would pay an 11% tax rate for 2013. A tax payer who pays a 25% tax rate in 2012 would pay a 27.5% tax rate for 2013.

It would help cover some of the yearly revenue shortfalls, make the electorate more aware of the actual budget and costs, and hold the pols accountable.

It won't however go over very well with Keynesian's.

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Luey22

Jan-08-13 6:33 PM

Bobbie...would you like that advice paid for with cash or credit, next time?

I did not understand his LTE...so I sided with team grammie and headed to reality. (:

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Ritty77

Jan-08-13 6:24 PM

Speaking of taxes, did you know that moving the top rate +4.6% actually increases the tax paid by 13%.

The top rate is too high. $500,000 taxed at the new rate is $198,000 right off the top. That's sad.

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philunderwood

Jan-08-13 5:36 PM

Chuck, who do you think wrote the letter proposing the sales tax? And the tax would be automatic. If you were able to comprehend what you read we might find it possible to have an intelligent conversation with you.

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CMReeder

Jan-08-13 1:13 PM

Don't bother to respond Phil I have lost interest in anything you have to say on the subject.

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CMReeder

Jan-08-13 1:11 PM

Phil you are a simpleton.

You are only trading one for another. There will be no incentive only more false promises. They will be afraid to raise the sales tax even when it is truly necessary like engaging in a war or dealing with the high costs of a natural disaster.

No matter what the cause raisingtaxes will never be palatable to someone like you. It will never be reasonable nor warranted. There is no tax that would be agreeable to you.

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CMReeder

Jan-08-13 1:02 PM

Luey you are on the wrong letter.

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CMReeder

Jan-08-13 1:01 PM

Luey you know someone with four hands!

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CMReeder

Jan-08-13 1:00 PM

You are not going to respond Phil. Poor baby, that is because you can't.

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Luey22

Jan-08-13 12:57 PM

Just having some fun.....

I thought it would be easier to understand the Bible vs. Gun argument, if I used it in a different situation for Chuck. Spoon feeding adults their own moral code is ______ (fill in the blank).

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Luey22

Jan-08-13 10:54 AM

I ask you Chuck.....how moral is a person who carries an Access card in one hand, while wearing expensive designer clothes, driving a Lincoln, and talking on an e-phone in the other?

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philunderwood

Jan-08-13 10:01 AM

The percentage could be determined by the budget and all fixed costs of government. Of course, that would require that a budget be passed.

No sense trying to respond to Chuck’s post, as it seems to have little to do with the topic we’re discussing.

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gavinf56

Jan-08-13 9:23 AM

The only thing I see Phil is that it would almost always be a 1 year lag and almost have to be run like an escrow account, i.e. Revenue raised to make up for the previous years shortfall.

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CMReeder

Jan-08-13 9:16 AM

The same thing they do now and causes government to borrow money and blow up the debt. So Phil would rather politicians lie to him and pass the debt of governing to someone else.

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philunderwood

Jan-08-13 7:08 AM

If sales tax percentage raised or lowered in line with the cost of government, at some point voters would start voting for politicians promising to lower the cost of government and therefore the sales tax, providing a new incentive for politicians wanting to get reelected.

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andy33

Jan-08-13 3:34 AM

Right Luey...Just ducky those Access cards...!

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DavidBross

Jan-08-13 12:21 AM

Given our access to impacting government by the use of the ballot box, I have to say that we should look to ourselves as much as elected officials when it comes to assigning responsibility for how things are. I see no reason to expect elected officials to run campaigns, or perform in office in ways that don't get them elected or re-elected. Regarding making voters do something: It seems to me that for that to happen, we would have a very different type of government than we have today.

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rmiller

Jan-07-13 9:50 PM

True Gav..

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gavinf56

Jan-07-13 7:47 PM

Another unintended consequence I suspect would be that as the "rich" downgrade and buy the cheaper housing units, the price of those units would increase due to the demand, driving the lower and middle classes out of the housing market.

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gavinf56

Jan-07-13 7:26 PM

The housing tax hits 2 people immediately, neither of whom are the rich.

One would be Realtors whom work off of commission based upon sale price, the second being contractors/carpenters who build housing units.

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rmiller

Jan-07-13 7:09 PM

O.K., nobud....

Happy New Year!

In theory you have a point....but my belief is if you can afford that expensive house, you should be able to afford the tax too. I believe in CA, tags on a vehicle are correlated to the cost. Most likely, a person driving (and choosing to) a Mercedes pays more for the tags than a person buying a small sedan, median price range. Another thought....if a person knows they will be taxed according to a purchase price, perhaps many will consider their spending habits more cautiously.

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nobud74

Jan-07-13 6:13 PM

Why should a more expensive house be taxed at a higher rate? That makes no sense at all. Such a system encourages a Walmart approach to everything in that everything will cheap junk. That is absurd.

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Luey22

Jan-07-13 3:01 PM

@Phil...nothing better than standing in back of the credit card user's (ACCESS card holders) purchasing gas and groceries. That's right Relene and LaughIn, wearing their designer clothes and driving that Lincoln. While the rest of us buy what we can afford, after depositing our hard earned cash into that government 'slush fund' card. Yes, you can call it class warfare or envy...I call it a big waste of money. But, hey...51% voted to keep it that way. No debate needed, it was already settled in November. Laughs on us. ) :

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