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Updated over 15 years ago on . Most recent reply

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J Scott
  • Investor
  • Sarasota, FL
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War is Making You Poor Act

J Scott
  • Investor
  • Sarasota, FL
ModeratorPosted

For those of you who are concerned about government spending being out of control, and subsequently the risk of increasing taxes, I thought you might be interested in this bill:

http://en.wikipedia.org/wiki/War_Is_Making_You_Poor_Act

Lastly, since I know there are some people not quite bright enough to understand that the title of a post may be representative of the subject matter within the post (as opposed to a personal opinion from the poster), let me point out that the title of this post is representative of the subject matter within this post, and not necessarily a personal opinion of the poster.

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Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
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Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
Replied

Jason, why do you think middle class people need a break? I actually think it is the middle class people who are sucking the country dry. Do you agree that middle class people are the majority of voters? And that politicians are already pandering to them?

I actually think we live in times that Marx would approve of. The proletariat in a white-collar society is the middle class. They run the show and it is very easy for politicians to gain votes by railing against rich people.

I do not see why rich people have to pay a disproportionate share of the nation's taxes. I agree with Bryan that we need to simplify the tax code - for example, by eliminating the income tax and replace it with a national sales tax.

Even the sale tax will end up with rich people paying more than their share simply because they buy more stuff. But at least it will be unrelated to income, which is an unfair basis to tax people. (Another advantage of a sales tax is that it is more stable and does not result in big dips or increases in government revenues.)

P.S. I have not read the article about military spending yet and will do so. I am sure we waste a few hundred billion there.

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