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Started By
Message
Why do we need to pay taxes?
Posted on 12/28/20 at 7:20 pm
Posted on 12/28/20 at 7:20 pm
Not election based, just an overall question.
Seems taxing and chasing down people to pay, making sure they file on time and declare all income is inefficient.
There's no need to incentivize lying about income, hiding money, file dates, working loop holes, etc.
If we need 3 trillion, then print it. If we need 6 trillion, then print that.
Why do people need to give anything?
The government can just print money and devalue everyone's dollar the same.
No need for IRS agents and the whole host of this taxing industry. Forms at libraries, lines at the post office, w-2s and garbage like that.
Just print what we need, and basically siphons the same thing from everybody as it a devalues the dollar a little bit.
Easy
Seems taxing and chasing down people to pay, making sure they file on time and declare all income is inefficient.
There's no need to incentivize lying about income, hiding money, file dates, working loop holes, etc.
If we need 3 trillion, then print it. If we need 6 trillion, then print that.
Why do people need to give anything?
The government can just print money and devalue everyone's dollar the same.
No need for IRS agents and the whole host of this taxing industry. Forms at libraries, lines at the post office, w-2s and garbage like that.
Just print what we need, and basically siphons the same thing from everybody as it a devalues the dollar a little bit.
Easy
This post was edited on 12/28/20 at 7:22 pm
16
Posted on 12/28/20 at 7:22 pm to Kujo
47% percent or more of the people in this country don't pay taxes.
Posted on 12/28/20 at 7:22 pm to Kujo
quote:
If we need 3 trillion, then print it. If we need 6 trillion, then print that.
You may want to google the term inflation for some good midnight reading
Posted on 12/28/20 at 7:22 pm to Kujo
This post was edited on 12/28/20 at 7:23 pm
Posted on 12/28/20 at 7:22 pm to Kujo
quote:
If we need 3 trillion, then print it. If we need 6 trillion, then print that.
Then what’s the other money circulating worth?
What’s the difference between it and board game money by your logic
Posted on 12/28/20 at 7:23 pm to Kujo
YOU need to pay taxes. I shouldn't be required to deal with the entire maddening process.
Posted on 12/28/20 at 7:23 pm to jamboybarry
quote:
You may want to google the term inflation for some good midnight reading
We're doing it anyway and we still pay taxes.
Posted on 12/28/20 at 7:24 pm to Kujo
Hell why even work, 30% of the population gets away with doing it.
Posted on 12/28/20 at 7:24 pm to fallguy_1978
I hope everyone enjoys their $600 bread and circus that I paid for while the government still keeps people from working.
Posted on 12/28/20 at 7:24 pm to Kujo
Inflation.
You're describing Modern Monetary Theory, which some fringe economists support. Basically government prints money until high inflation occurs, then they tax people to move money out of the economy. but you wouldn't really need to tax until hyper inflation hits or there is concern about it.
Funny, Bernies economist was a proponent which runs counter to his "tax the rich" populist mantra.
No one knows if this shite works, it's a huge gamble.
You're describing Modern Monetary Theory, which some fringe economists support. Basically government prints money until high inflation occurs, then they tax people to move money out of the economy. but you wouldn't really need to tax until hyper inflation hits or there is concern about it.
Funny, Bernies economist was a proponent which runs counter to his "tax the rich" populist mantra.
No one knows if this shite works, it's a huge gamble.
This post was edited on 12/28/20 at 7:26 pm
Posted on 12/28/20 at 7:24 pm to Kujo
Not sure if this is a troll, but the IRS is designed to incentivize self assessment and not lying about income, hiding money, etc. Don't get me wrong I'm no fan of taxes, but to some degree they are a necessary evil. The real problem relates to what actually happens to the funds that are harvested via taxation.
This post was edited on 12/28/20 at 7:26 pm
Posted on 12/28/20 at 7:25 pm to Kujo
Someone didn’t pay attention in Econ 101.
Posted on 12/28/20 at 7:26 pm to Kujo
This thread is where we start the movement where a meaningful amount of people stop paying income taxes
Posted on 12/28/20 at 7:27 pm to BorrisMart
quote:i would have no problem paying taxes if I had first class health care, perfect roads, an education system that wasn’t last in the US, and could offer me services for a lower cost than the market. Alas.
The real problem relates to what actually happens to the funds that are harvested via taxation.
Posted on 12/28/20 at 7:30 pm to jimbeam
quote:
i would have no problem paying taxes if I had first class health care, perfect roads, an education system that wasn’t last in the US, and could offer me services for a lower cost than the market. Alas.
I assumed we were just talking federal taxes. In Louisiana we now pay the 14th highest tax rates in the country for services rated 48th-50th.
Posted on 12/28/20 at 7:32 pm to Billder
quote:
Someone didn’t pay attention in Econ 101.
Nor did 95% of Congress
Posted on 12/28/20 at 7:32 pm to jimbeam
Yeh, same. I feel that tax to some degree is necessary to keep things in order, but the problem is the diverting of those funds for the non-specified uses.
@Fallguy, yeh I was referring to Federal, I don't trust Louisiana to spend tax money on the appropriate things at all, and its no surprise we have a high state tax. Maybe one day our State government can turn the tanker around. But unlikely.
@Fallguy, yeh I was referring to Federal, I don't trust Louisiana to spend tax money on the appropriate things at all, and its no surprise we have a high state tax. Maybe one day our State government can turn the tanker around. But unlikely.
Posted on 12/28/20 at 7:34 pm to OleWar
quote:
Nor did 95% of Congress
Nah. They did. What they paid more attention to is that the majority of this country now receives more in tax revenue than they pay in.
Posted on 12/28/20 at 7:38 pm to Centinel
quote:
Nah. They did. What they paid more attention to is that the majority of this country now receives more in tax revenue than they pay in.
This. This is the entire crux of the tax debate. People that work pay and people that don't, don't pay. When the latter feel that they deserve to live the same way as the former, then they expect the government to tax the workers more to accommodate their desired life style.
Posted on 12/28/20 at 7:50 pm to Kujo
We could do everything govt needs to do with 50% spending.
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