Fair Taxation

Indian Charlie · #1 06-23-2010, 12:05 AM

How about abolishing the Fed, which is a foreign owned and privately held corporation. Before having it illegally shoved down our throats (it never made it past congress, but here we are with it anyways), there was no income tax paid on wages earned.

Now, most tax money goes to paying off the national debt, medical BS and defense.

So, instead of having the government print up money like they used to, they now have big central banks print it for them, with interest thrown in, of course.

Flame away.

GBBob · #2 06-23-2010, 12:10 AM

Quote:

Originally Posted by Indian Charlie

How about abolishing the Fed, which is a foreign owned and privately held corporation. Before having it illegally shoved down our throats (it never made it past congress, but here we are with it anyways), there was no income tax paid on wages earned.

Now, most tax money goes to paying off the national debt, medical BS and defense.

So, instead of having the government print up money like they used to, they now have big central banks print it for them, with interest thrown in, of course.

Flame away.

I think the FDA should rule..

sorry IC..couldn't resist.

Unfortunately, nothing on a grand scale will ever happen..at least in our lifetime... so you can try affect the next 30 years or you can try and overthrow the Fed.

View Poll Results: Which tax approach would be the most "fair"?
The current income tax system - many rates, higher rates for more affluent people.	5	23.81%
One income tax rate - (i.e. make twice as much, pay twice as much)	8	38.10%
Per capita tax - everyone pays same tax regardless of income level	0	0%
European style VAT tax assessed at each stage of product development, assembly, and sale.	0	0%
National sales tax, assessed at last sale only - not during assembly or production	4	19.05%
Some other system, either thought of already or yet to be drafted up	4	19.05%
Voters: 21. You may not vote on this poll