"If 10% is good enough for God" -- Cain's Tax strategy

Asshole. If you are poor and spend most of your income with little savings, your tax rate is 18% on a good portion of your income. This is insanity.
marblessays...

Interesting. Cain had been a long time shill for the "Fair Tax" which calls for abolishing the IRS and replacing all taxes with a consumption tax above the poverty line.

Of course all the tax talk is a moot point anyway, when the federal reserve is engaging in massive fraud and extracting the wealth from everyone consistently year after year through inflation.

VoodooVsays...

I'm totally fine with taxcuts for people who really do re-invest into their company and create jobs.

But the burden should be on them to demonstrate that they are putting that money back into the system and not just hoarding it.

The money HAS to be put back into the system, not just sit in a big pile for the rich people to swim in. That's how the economy works. The money has to move and change hands.

These people repeatedly demonstrate why businesses and wall street need regulation. Leave them to their own devices and they FUCK EVERYONE OVER!!

bareboards2says...

State of Washington doesn't tax grocery store food but does tax clothing. Some states tax food in the grocery store (I find that appalling and the most regressive tax on any books, anywhere.)

I assume that the feds would decide for themselves what is taxed, despite local laws. So there would be definite confusion as two sets of laws were followed.

But at least we wouldn't have to fill out those pesky forms every year! Thank god for that!


>> ^littledragon_79:

What happens in states like MN where basic necessities like food and clothing are not taxed?

Yogisays...

What's interesting about this is if this ever got any traction you would see the Military Industrial Complex flex it's muscle bigtime. I would totally love for this to happen just because you'd see an interesting fight in the upper echelons of this countries leadership and it would be really enlightening.

Think about it when Israel had China come to repair some planes or whatever piece of military equipment. America was furious and demanded they apologize which they did because they're completely reliant on us for their survival in the way they choose to survive. Everyone talks about how the Israel lobby in this country runs things but that case was enlightening because the Israel lobby completely shut up about it. They wouldn't lobby the government or try to deal at all, they knew what was going on and they should just shut up and take their lumps or they're gonna get bit...hard.

Send this Article to a Friend



Separate multiple emails with a comma (,); limit 5 recipients






Your email has been sent successfully!

Manage this Video in Your Playlists




notify when someone comments
X

This website uses cookies.

This website uses cookies to improve user experience. By using this website you consent to all cookies in accordance with our Privacy Policy.

I agree
  
Learn More