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Posted on 7/21/14 at 1:37 pm
Posted on 7/21/14 at 1:37 pm
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This post was edited on 10/30/14 at 1:50 pm
7
Posted on 7/21/14 at 1:40 pm to Asgard Device
Burglary, armed robbery and violent crime would go up. A full belly and a couch to lay on soothes the animal instincts. Throw in Direct TV, and we save TRILLIONS 
Posted on 7/21/14 at 1:43 pm to Asgard Device
Not exactly the same, but the FairTax has a similar concept with its prebate.
Posted on 7/21/14 at 1:43 pm to Asgard Device
quote:
What if the government decided to stop spending money on welfare and switch to a tax credit program.
You can't buy new Jordans with tax credits.
Posted on 7/21/14 at 1:44 pm to Asgard Device
Posted on 7/21/14 at 1:44 pm to RCDfan1950
quote:
Burglary, armed robbery and violent crime would go up.
Why? They could still get all the same benefits. It would be paid for through tax credits instead of by the government.
Posted on 7/21/14 at 1:46 pm to Bard
quote:
You can't buy new Jordans with tax credits.
Can you buy Jordans with food stamp cards and section 8 vouchers? no.
If they are getting cash then you could replace the cash welfare program with unrestricted tax credits. They could sell these tax credits to anyone. Footlocker would probably start to accept tax credits at some sort of exchange rate. (~92 cents on the dollar)
Posted on 7/21/14 at 1:50 pm to Asgard Device
Why don't you give this to everyone and those who choose not to use it get a tax break for themselves?
A "you are not dependent on the government" tax break.
Also make sure all income is taxed. If you make over a dollar, you are going to pay taxes on that dollar and every dollar made.
A "you are not dependent on the government" tax break.
Also make sure all income is taxed. If you make over a dollar, you are going to pay taxes on that dollar and every dollar made.
Posted on 7/21/14 at 1:59 pm to Asgard Device
quote:
Can you buy Jordans with food stamp cards
You can, you just have to trade the food for cash (which is a common practice).
Posted on 7/21/14 at 1:59 pm to Asgard Device
Define welfare.
Posted on 7/21/14 at 2:04 pm to Bard
quote:
You can, you just have to trade the food for cash (which is a common practice).
You could still do that with tax credits if they are widely adopted.
Posted on 7/21/14 at 2:07 pm to Green Chili Tiger
quote:
Define welfare.
My definition of welfare is irrelevant to this exercise. The tax credits can be applied to virtually any entitlement program, voucher program, and just about anything that most people consider to be "welfare."
Posted on 7/21/14 at 2:11 pm to Asgard Device
Why have we been brainwashed to think it's ok for these programs?
I've got a novel idea, why don't they get a fricking JOB?
I've got a novel idea, why don't they get a fricking JOB?
Posted on 7/21/14 at 2:16 pm to bamarep
quote:
Why have we been brainwashed to think it's ok for these programs?
The tax credits will not cost you anything (unless you buy them) - so what harm does it do?
Pumps money into the economy without spending a dime. With multiplier effects it's probably a net positive in terms of economic activity.
Why do you oppose tax credits?
Posted on 7/21/14 at 2:18 pm to Asgard Device
I don't oppose tax credits per se. I prefer the ancient cliché that if you give a man a fish, he can eat for a day. If you teach a man to fish, he can feed 1000.
We've become a nation of handouts and what's worse is that we accept it.
We've become a nation of handouts and what's worse is that we accept it.
Posted on 7/21/14 at 2:32 pm to bamarep
This is not about the merits of welfare benefits. This is about how to give them without spending any money.
Posted on 7/21/14 at 2:33 pm to Asgard Device
Seriously, AD...I was under the assumption that a 'tax credit' is an IRS deduction off of taxes that are paid in/owed. Would I be wrong?
From my experience in life - through recessions and expansive bubbles...there are individuals in all these scenarios who will not work because they find it burdensome, and many who couldn't hold a job even if they wanted to, because of a lack of disciple/will power. And many others who work low paying jobs that can not monetarily compete with subsidized allotments; I.e., not working pays more.
I know it goes against a lot of our ingrained virtues...and many times the old adage "an idle mind is the devils workshop" applies...but it may well be that we come out cheaper subsidizing/guaranteeing the basics (food/shelter), but with QUALIFIERS that those who access them...commit to improving their civic responsibilities. Just like those of us who PAY THEIR subsidies, do.
From my experience in life - through recessions and expansive bubbles...there are individuals in all these scenarios who will not work because they find it burdensome, and many who couldn't hold a job even if they wanted to, because of a lack of disciple/will power. And many others who work low paying jobs that can not monetarily compete with subsidized allotments; I.e., not working pays more.
I know it goes against a lot of our ingrained virtues...and many times the old adage "an idle mind is the devils workshop" applies...but it may well be that we come out cheaper subsidizing/guaranteeing the basics (food/shelter), but with QUALIFIERS that those who access them...commit to improving their civic responsibilities. Just like those of us who PAY THEIR subsidies, do.
This post was edited on 7/21/14 at 2:35 pm
Posted on 7/21/14 at 2:35 pm to Asgard Device
What if you don't pay taxes?
Posted on 7/21/14 at 3:37 pm to HailHailtoMichigan!
quote:
What if you don't pay taxes?
Then you still don't pay taxes.
Posted on 7/21/14 at 3:41 pm to RCDfan1950
quote:
Seriously, AD...I was under the assumption that a 'tax credit' is an IRS deduction off of taxes that are paid in/owed. Would I be wrong?
Technically, you would not be wrong. The poors will still get welfare and the government wouldn't have to pay for it. Tons of people and businesses buy tax credits to reduce their tax burden.
Why wouldn't you support this? Aren't tax credits viewed as a good thing?
quote:
we come out cheaper subsidizing/guaranteeing the basics (food/shelter), but with QUALIFIERS that those who access them...commit to improving their civic responsibilities. Just like those of us who PAY THEIR subsidies, do.
Tax credits are not subsidies. There would be no more subsidies!
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