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re: Repeal the 16th Amendment and abolish income taxes

Posted on 4/15/19 at 11:48 am to
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 4/15/19 at 11:48 am to
quote:

They have income taxes too. That gets factored into the price if things.

And they are in a 15 year-long economic slowdown as we speak....

The U.S. economy looks like Shangri-La compared to Europe's economy. But, sure, let's be more like Europe....
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 4/15/19 at 11:51 am to
quote:

The U.S. economy looks like Shangri-La compared to Europe's economy. But, sure, let's be more like Europe....


How is having a national sales tax and no income tax ‘being more like’ a place with a sales tax and income tax?
Posted by stuntman
Florida
Member since Jan 2013
9124 posts
Posted on 4/15/19 at 11:53 am to
Russian, it's their overall tax burden, governments' spending and regs that are causing most of that.

If they got rid of their income taxes, and only had vat taxes, do you really believe their economies would still be stuck in the mud?
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 4/15/19 at 12:42 pm to
quote:

The U.S. economy looks like Shangri-La compared to Europe's economy. But, sure, let's be more like Europe....

Europe is being double whammied

Taxing income is retarded because that is a tax on productivity which, we want MORE of.

Taxing consumption on the other hand encourages savings....which we want more of.......while simultaneously reducing the cost of production!
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