/biz/ - Business & Finance

>>53245535
Yes because it punishes luxury spending which should be taxed rather than income. Consumption tax on food and other necessities are low or 0%, so the poor don’t get hit either. Besides, the irs is super bloated and the entire tax code is a fucking scam—just make it easy. You buy jewelry or something, tax it.

>>53245535
Tax on your mom...heh...hehe

>>53245535
It will destroy the economy which is based on Amerifats and how much shit they can consoooome

>>53245587
im pretty sure it is usually bad for the goys, but i hate lodging tax so im happy if the abolish it

>>53245535
Are Republicans in the house even remotely relevant if the Senate is controlled by Dems?

>>53245644
No, but it puts on the record how people voted.

>>53245633
This, niggercattle will kill the economy as always.

>>53245535
No nation with a population over 2 million does this. It’s exclusively done by Caribbean tax havens and some oil states in the gulf.

>>53245535
Absolutely, but it will never happen.

>>53245693
Already saw Lauren Boebert's slutty ass tweeting about how Republicans were getting rid if the 87,000 IRS agents

Is this their plan? Just tout fake victories without being able to do anything?

>>53245535
Political bread and circus. When the next spending bill comes up, it'll be thrown out the door.

The poor spend a higher % of their money than rich so the poor get taxed higher

>>53245746
that's the plan of every politician anon

>>53245634
it's only bad for retards that can't control their spending

>>53245816
Sounds fair to me. Poorfags use up most of the government benefits.

>>53245535
I'm mot a left or republican, but if this weren't some dumb hype "just for show" and they actually got it done, I's be a full on republican

>>53245816
They shouldn't be "spending" in the first place. They should learn to control themselves. This system would mean more money saved for them unironically if they control their spending meaning more money for investments meaning higher chance of escaping wage slaving. Income tax is more harmful of the two

>>53245535
This is another one of those DOA bills they like to pass. Everyone knows it won't go anywhere but the people in congress will get to pretend they are doing some kind of work for the next two years without anything actually changing. Tired of this shit bros, bring back Orange Hitler.

>>53245816
Yes, but i'd assume luxury items would have a much higher consumption tax.

>>53245535
>CBDC chain
>USD shitcoin
>tax on transfer
literal pajeet scam

I hate these bastards so fucking much it’s unreal.
They have worked decades to fuck us over with only the token resistance so they can claim they tried. Just look at McCarthy. He’s a faggot from california, there is nothing he will do that will benefit us, just his kike handlers.
I am so fucking mad all the time.

>>53245535
Yes. Poors should be paying their fair share. The they spend all of their money consooooooming. Makers and builders should be given a break.

>>53246590
Only Yuropoors. An American consumption tax would probably just be a flat tax like a single national sales tax. This would also push a cash/crypto economy because anonymous payments can't be sales taxed.

Whatever changes I will bet that it ends up worse for wagies

>>53245535
Yes and bring back tariffs too
Protects American jobs and pays taxes at the same time

>>53245535
WOAH? WTF? This is unreal, clown world ending? the FED jew is over?

>>53245989
>they should learn
good luck anon especially if joggers

>>53245989
Everybody spends 100% of their income.
Income=Consumption+ Investment

A consumption tax would be less progressive and less effective and would benefit the financial industry disproportionately so no it isnt better. A wealth tax is what we should be considering until the trend of wealth concentration abates or reverses along with basic income

>>53245816
Wrong. Do you know what a standard deduction is? The consumption tax has a similar thing in it. Results in a certain amount of spending just not getting taxed at all just like the standard deduction.

>>53247096
I thought essentially all European countries got rid of the wealth tax though because they found it very resource intensive to constantly appraise peoples net worth as well as collect the tax. To to mention a lot of people's net worth is not liquid so you'd have to sell off something to pay the tax in some instances.

>>53245644
>
The senate isn't controlled by Dems technically with that lady who defected and Manchin swaying the vote. Couple that with Dems having to vote with Republicans on some things to save face like how Republicans and Trump approved trillions in stimulus packages and welfare handouts so they didn't get crucified for not helping people back in 2020.

>>53245535
yes
no income tax + consumption tax
people would be incentivized to earn more and spend less
the only outcome of this is higher savings
we need higher savings, not debt fueled consumption

of course there's zero chance of this happening in tel aviv d.c.

>>53247320
I think this has a decent cuance if paasing. The kikes will still have their fed, so they'll be fine.

>>53247395
i'm assuming that even with no "federal income tax", there'd still be all the income associated taxes, like social security, medicare, etc.
so the tax burden would still be high
but the deficit is huge right now, even with an income tax, so the consumption tax would have to be massive
now if federal spending was cut about 70-80%, then it would be doable

>>53245634
>im pretty sure it is usually bad for the goys
Poor fag here, I own silver and gold, got a ton of paper rectangles too.

>>53245816
>The poor spend a higher % of their money than rich
>Poor people spend more than the rich.
Who the fuck fucking believes this fucking hog wash? HOW ARE POOR PEOPLE WITH NO MONEY SPENDING MONEY?
If anything rich people buy fucking boats, RVs, multiple cars and oversized trucks.
I dont even own a fucking car, you Kulak cum stain.
Do you smell your own farts too while sitting on that ivory tower, trust fund.
My God I hate you fucking dumb fucks so much.
>>53245989
>They shouldn't be "spending" in the first place.
Hey trust fund, I know mommy pays for everything for you but we have rent to pay, bills to pay and food costs money.
Oh shit, dont forget clothes and shoes!
You fucking trust funds are the worst.
The fuck do you mean they shouldn't spend their money? They need to spend their money every month on bills you dumb fuck.

>>53245535
I'm still waiting to get my unemployment tax adjustment refund from 2021. fucking jews.

>>53246959
>The they spend all of their money consooooooming.
No I do not.
Maybe you do, maybe your white trash family does, I do not. Most the people I know do not.
Kys.

>>53247663
>can't read
>can't do basic mathematics

>>53245989
>underage NEET giving quintessential "based" boomer advice
Classic /biz/
you forgot to add they should pull themselves up by the bootstraps

>>53245535
All tax is theft.

>futures

nasdaq shitting, what do they know?

>>53245535
i have an idea, how about a 5% wealth tax on anyone with over 100 million dollars in assets, and we use that to fund healthcare and universal housing so even the poor can live in dignity

>>53247899
Only valid post ITT

>>53248207
>>53247899
brainwashed by corpos

>>53245535
It doesn't work. Income tax came about because excise and tarrif taxes weren't enough.

>>53248182
The ultimate flaw with wealth taxes is what the definition of wealth is.

>>53248680
they were enough, it's just that government kept getting bigger
in a decade or two, even taxing income at 100% won't even pay the interest on the debt

>>53245535
>consumption tax
... so, VAT? what does this even mean? higher VAT?
also, what's the point? to disinsintivize consumption tax
LMAO did the republican party go full communist or something?

>>53247745
I'm 27, retard. What you said was not a counter-argument. Just classic left wing gaslighting

>>53245716
All of Europe does this, literally the only way you can get "free" healthcare, education etc.
If you tax income to hard it creates a disincentive to work, not to mention unemployment benefits are so high that you don't really earn that much more from an unskilled job.
Likewise there is very real limits on corporate taxation and progressive taxation (how much you tax highest earners).

The only way to fund the "free" shit, is through a combination of maximum income tax and a VAT. Literally all European countries have a VAT.

>>53247663
retard. This wouldn't tax you for cost of living expenses. Sure, groceries and gas. As for clothes, are you a fucking woman? Guys only purchase clothes one time and that's it. Women are the one's that spend relentlessly on shoes and clothes. They can't control themselves. That's on them. Retard poor bitch

>>53248842
You put it like that I am more in favor of it by the minute.

>>53248700
i just told you, over 100 million in total assets

>>53245535
They would just reinstate the income tax later, and leave the consumption tax.

>>53245755
This. They only proposed it because one the other side votes against it or forgets about it they’ll try to use it as leverage in elections. It’s the same as those bills that proposed to “abolish” slavery that was popular a year or two ago.

>>53245746
It'll have to be done thanks to crypto, paypal and ebay. Most people with such accounts are trading crypto like tweakers, using paypal or venmo for everything and deducting taxes will be a nightmare for casual ebay sellers. The IRS simply can't or aren't intelligent enough to proofread all this shit and most people won't even report such taxes. It's one big fucking headache. Keep it simple. Get taxed for what you spend, not what you earn and spend

>>53247096
Forget a wealth tax. There’s something severely wrong already when your primary sources of tax income aren’t land taxes, poll taxes, and tariffs.

who would enforce the consumption tax if the abolished the irs?

>>53249038
chainlink

>>53247663
>>53247701
>I do not spend all of my money consooooming!
>Where is all of your money then?
>I spent it.
I learn more about the poor everyday.

>>53245535
Yes
> No longer have to file
> government doesn't get to snoop into your income
> Allow you to save for future years without penalty
> Avoid most loopholes because eventually you have to use most money
> Penalize people consuming the most resources

>>53247663
this was written by a chatbot i think

>>53249092
Yes they spent it on necessities. Have you never heard of living paycheck to paycheck. Do you know what poor means?

Probably not

Yes, it is better because it is in a way a voluntary tax that requires consent (to a degree), and means the tax rate is self regulating because you'll have fewer transactions the higher the tax. We had this figured out way back, those are the same arguments as in the federalist papers (29 I think) and is how the runescape GE regulates the amount of gold in game.

>>53245535
>things that will never happen
yes let's abolish the tax auditor. kek who believes in this shit

>>53245644
No, you need both chambers and the white house to actually get things done.

>>53245535
wtf /biz/ told me republicans are le bad??!!?!

>>53249110
i wish we had talks for consumption tax in europe. I feel like a fucking criminal with crypto and i file it like a cuck every year as is...

>>53245535
Argentina has consume tax. Dont let them do the same.

>>53245535
as long as its easier i'm all for it
taxes is an overcomplicated mess allowing for so much uncertainty and exploitable loopholes for the wealthy.

but with ai becoming widely available to the masses, soon we'll all have a pro level top accountant in our pockets having access now to the same bigbrain accounting schemes the rich hire pro accountant for.

so the gig is up, they might as well change the tax system now

>>53247096
except whatever measures they take on this wealth tax, the wealthy have already bribed in the loopholes and backdoors they can use and in reality the tax will be used more to prevent people becoming wealthy and competing with the already wealthy. but it will be marketed and sold to you as taxing billionaires

>no more IRS
>No more tax attorneys
>No more tax preparers
>No more tax software
Never going to happen, it would be bad for muh gdp to lose so much rent seeking and muh employment and both of those numbers are worth more than the life of every American combined

>>53245535
>Would a consumption tax really be better?
Yes because it taxes the poors more.

>>53245535
Bill Gates is pushing it, therefore: No.
https://www.youtube.com/watch?v=ar0ri9NLArs

>>53250058
all those jobs replaceable with ai soon. the ai will reduce your taxes to the lowest possible and give even the dumbest fuck access to whatever schemes the rich use. every citizen having their own shell companies or whatever and complicated tax avoidance schemes determined by algoirithms and handled automatically.

"salesmanship is the fine art of letting the customer have it your way"
-ray kroc

In my woke Econ classes in school they shit on consumption taxes as hurting the poor. This is an absolute nothingburger and has no real support in congress or the White House.

Instead what they’re teaching is UBI = good and inheritance taxes of at least half, preferably more.

>>53250112
> inheritance taxes of at least half, preferably more
How does preventing the accumulation of general wealth help the poor exactly? Sounds like they want to keep em poor and dependent on the state.

>>53249510
>Do you know what poor means?
Having an IQ of 120 or less.

>>53245535
Wouldn't it be like an indirect, variable VAT ?

>>53250112
>UBI = good and inheritance taxes of at least half, preferably more.
>Communism = good
God I hate them.

>>53250817
They're not human. They are subhuman. Either they always were via genetics or dragged down to that level.

ok
why is this bad

>>53249510
>stop spending all your money
>stop being poor
it's LITERALLY that easy

>>53250112
i read that they did something like this in austrailia they promised to tax luxury goods like lambos and ferraris, yachts etc but in reality it turned out to be a blanket tax on all electronics
politicians telling the truth, not even once

>>53251185
Everything will cost 25% extra.
But you'll pay no tax

>>53251945
They already charge the most they can
Corporations aren’t basing prices on cost, they base price on what we will pay

Most countries used tariffs before the federal reserve and they funded expenses while protecting domestic jobs.
A consumption tax is better than an income tax but tariffs are how countries protect their economies. Even today

>>53251981
Tariffs are easy when you're an agricultural country who doesn't import anything and all you need to make is food because you are just peasants.

Tariffs killed the south american video game industry because you can charge extra for imports but some products will never be developed locally

>>53250276
Not everyone intelligent pursues money.

>>53245535
Personally I would just fly to a neighbouring country to purchase expensive items.
I like the idea though, fuck income tax.

>>53245535
Yes because now people who make their money illegally will pay their fair share

>>53248805
We have VAT and income tax.. I pay approx 20% VAT and approx 30% income tax. Great stuff.

Poor people will just be made to pay more for alcohol, cigarettes, gas and meat. It's a precursor to a carbon credit score and eating bugs

>My European friends constantly complain about how VAT makes having fun cost a complete cancer's worth of money
>Japan's consumption tax continues to be controversial and keep people afraid from doing things
>My retarded fellow countrymen here in the US think this is based just because a nigger will buy less mcchicken

>>53245535
The main problem with consumption taxes is that on the one hand if it is not discretionary then those struggling share the same burden as those with spare income and they cannot realistically withstand it so they get into debt and then you know. On the other hand, discretionary consumption taxes are a haven for government manipulation, expect massive amounts of market manipulation and market concentration in the hands of large lobbyists, af if things are not bad enough with everything getting concentrated into the hands of a few mega corporations due to all sorts of subsides and incentives that either make startups not viable or make them food to be eaten (bought) by said large corporations.

Meanwhile, income taxes punish those who can actually invest and would otherwise increase productivity or create new jobs.

The real answer is to abolish Nation States in favor of freedom of association so then we would have alternatives we could choose from.

>>53249510
>Yes they spent it on necessities.
t. never been around poor people

>>53248869
>i just told you, over 100 million in total assets
Just look at all these "independent" conglomerates worth exactly 99,999,999

>>53254147
this includes homes, yachts, stocks, crypto on top of income. the us taxes global assets too, not just whats in the US. if every billionaire shrunk down to being worth only 99 million then thats a great start

>>53245535
LMAO AT ALL THE RETARDS IN THIS THREAD ARGUING OVER THE CORRECT TAX POLICY WHEN THE GOVERNMENT JUST PRINTS MONEY WHENEVER THEY NEED IT, ABSOLUTELY BUCK BROKEN.

>>53248182
>5% wealth tax on anyone with over 100 million dollars in assets
inb4 they "donate" their wealth to several tax-deductible charities, or some other business entity, all of which are owned by that person.

>>53253103
europe is such a shithole

>>53248980
Ah a man of culture I see

>>53253188
absolutely freedom-pilled and based post anon.
I'm with you

>>53245644
No it's all bread and circus for their niggecattle base. If there was any chance of it actually passing they wouldn't be voting on it.

>>53245535
100% yes.

>>53245535
Land value tax plz

>>53250080
Low IQ. You can give a voucher for low income or on first 15k of consumption. Solved.

>>53250112
Why do they teach this. It's extremely easy to adjust. We already have 100s of adjustments to try to make income tax more "fair"

See
>>53255215

I would expect economists to be more worried about disincentivizing consumption, because that lowers their good goy metrics

>>53245587
>so the poor don’t get hit either
Damn, these nu-poor with their iPhone 14's bought them with your tax dollars. The poor should just be killed. AI and automation is here.

>>53247701
Brown filth will finally pay some taxes with this, of course inbred trash like your race don't like it.

>>53245535
Lmao yeah like that will ever make it through. It’s just a toothless bill to show that democrats are hypocrites

>>53249899
Sorry, Europe already chose to trade economic efficiency and free trade for nebulous environmental and social goals. They are operating under a completely different set of values and you can't go back.

>>53251993
>Killed video games
Based

>>53254402
close loopholes. but on a broader point, in a civilized modern first world nation charities shouldn't really need to exist, and they only exist currently to supplement what the government is already failing to provide.

>>53245535
Income tax literally punishes producers and discourages producing things.
>the power to tax is the power to destroy
It literally destroys production.

>>53255508
then explain how production worked in the 1950s when America had a 90% tax rate on anyone making over 2 million dollars, and we had affordable housing, a low homeless rate, and quality american made products.

>>53245535
I think this sounds more leftist, if you replaced Republicans with Democrats I would 100% believe it.

>>53255482

Charities preceded welfare/nanny states. Orphanages and hospitals and poorhouses were all ran by private organizations and churches. Then the state decided they would "handle" that at gunpoint.

>>53245716
So places with freedom?

>>53255561
its not, basically if you make billions in income, you're only taxed on your nights out and never your mentally ill wealth hording. this 100% benefits the ultra wealthy more than anyone else.

>>53255578
Right, Charities shouldn't need to exist because the governments only duty should be to care for the people of its own nation, not benefit those who wish to profit of the people of its own nation.

>>53247089
WRONG.
The government takes 25% minimum of everyone's money before they even get it.
Make $400 a week? Too bad here's $295.
THEN YOU ARE TAXED for sales tax at an 8% rate on everything you spend.

>>53255546
LMAOOOOO niga literally comparing gold standard era booming economy to the regulation ridden centralized ponzi monopoly fiat era. Compliant cattle nothing more. Biggest redpill is that Jews are right about goy cattle.

hell yeah I hate buying anything

>>53247508
The income tax collected in 2020 was like 2% of what they spent.
The ONLY purpose is to keep you down.

>>53255546
>He thinks anyone actually paid those ridiculous top tax bracket rates and didn't just use simpler versions of the tricks used today
>He doesn't understand why people were less opposed to paying tax before LBJ's pay niggers forever programs

>>53255636
I agree the federal reserve moving off the gold standard was the beginning of the end, but that was tied to Reaganomics and the end of taxes on the wealthy. The point i'm trying to make is none of these actually have to do with production. production can exist under a fair tax code for the wealthy

>>53248182
>give their money to pharmaceutical companies
Based and retard pilled.

>>53255682
I dont believe any medicine should be patented and profited off of

>>53255678
>but that was tied to Reaganomics and the end of taxes on the wealthy
Nigga pick up a fucking history book before you go saying more dumb shit like this, LMAO

>>53250049
this

>>53255700
Nixon through Reagan was a series of bad policy decisions that set up clinton and bush to destroy america. its not a single policy or a single president. its been a slow death

>>53250276
The smartest people literally live in the boonies and grow grapes and have chickens.
Midwits are the high earners because they can be trained to what they are told effectively.

>>53245816
When you tax something you tend to get less of it, like in alchohol, tobacco and pollution. Maybe if its taxed higher the poor will be more likely to save instead of spend

>>53245746
You mean like they always have? Where the fuck have you been?

>>53255546
You could write off blowjobs and the cigar you smoked while getting it retard.

>>53253103
europe has vat+salestax+income tax+estate tax+rape tax+sneed tax+L tax+ratio tax

>>53255735
Nice way to cover your ass
Nixon and Reagan were both assholes that boomerservatives worship for some reason, but Reaganomics and the end of Bretton Woods have nothing in common other than being spurred by people in little hats whose ethnic name rhymes with "news"

>>53255695
All medicine is quackery except good food and emergency surgeries.

>>53255762
ok, so without even closing tax loopholes, production was still able to exist

>>53255482
In a precapitalist society a charity Id just people pooling resources towards a non-financial goal.

Why would that basic activity be banned and handled only by gov?

>>53255790
>even without
The loopholes is what allowed for it you absolute mong.
The hooker and cigar makers were paid with money that would have been taxed and literally burned in a pile in the desert.

>>53245587
>Yes because it punishes luxury spending which should be taxed rather than income.
100% correct. I can control my spending. I can't control the IRS taking money directly out of my paycheck. Having more control over my own money is always a good thing.

>>53255836
So a high tax rate doesnt matter because people will find loopholes but whatever you do dont bring back the high tax rate that would be very bad

>>53255620
Anon what can a billionaire do if they or their kids never spend any money?

The whole reason yo dislike billionaires is they are using a lot of resources for their trivial entertainment or for nefarious purposes. If they just collect paper in the corner it doesn't affect anyone.

>>53255821
What are you talking about, the idea isnt about government control but the removal of a third party profiting off of these causes. nonprofit means nonprofit

>>53255620
I dunno doesn't a billionaire consume a hell of a lot more in just one week than a poorfag (aka me) does in an entire decade?

>>53255880
they use their money to buy newspapers, elections, influence. its being used to consolidate power, buy out competition, and lobby so they can milk even more money out of you without consequence. we're living in an empire that is built on financial slavery.

This board is truly filled with low IQ pol chuds who see that a) it's proposed by republicans so it must be owning the libs and b) they are le based non-consoomers so a consumption tax would somehow benefit them.

This proposal is obvious political grandstanding and has zero chance of passing. Have sex.

>>53255907
no, they eat the same amount meals a day as you do. their vacation in Europe isn't subject to a US vat tax if thats what you're referring to.

>>53245535
Yes, it would encourage people to work and discourage careless spending.

>>53255997
why do you a think a better society would be people working longer hours with less leisure time. is that what you want for yourself?

>>53255881

You have an extremely naive view of a charity as being something like a soup kitchen that hands out food to homeless people.

Nothing is that objective or simple.

People contribute to a plethora of causes and have differing methods for achieving those. Many of these goals and methods are conflicting. The government can't possibly fill that role, even if it had the energy and competence.

>>53252964
Yeah but at least you wont die of some disease because you dont have free healthcare

>>53256021
Okay so stuff like soup kitchens and food to homeless people arent even solutions to problems, they are band aids on a gunshot wound. The government should be providing universal housing like in Austria and Finland so that we greatly reduce the existence of homeless people. Shelters dont work, Soup kitchens don't work. people need stability and a dignified life, even if they are poor.

>>53255971
i was referring to them blowing $10k-$100k on random shit and jetting around in the private jet and having like 200+ properties in random locations

>>53256014
If people get to keep more of their income but are discourage to spend it carelessly that gives them a safety net. That financial stability might encourage them to buy a house, start a family, and give them piece of mind.

>>53255927
All of those requiring consuming capital.

> Hiring labor
> distributing news papers and media
> Paying for hotels, office space, travel, etc for political organizers

Right now they can do most of that tax free.

>>53256069
maybe rappers do that but billionaires and jews are very cheap

Why does /biz/ support one of the most regressive taxes imaginable lmao

>>53256061
See look, you can't even agree on what a charity looks like and have your own ideas about what would help society.

I detect you are either very young, or from Europe.

>>53249510
>>53253233
>Muh necessities
Truly. Go to a poor person's apartment. Count the amount of unnecessary bullshit sitting around. Look at the fridge and cupboards. Count all of the prepared and packaged food. They don't cook and will spend $20 on goyslop.

>>53255629
Kek don’t forget state tax, nigger, that’ll be another 20% on top! Fuck At least my state doesn’t have income tax, yet

>>53249828
based rooner
the GE taught me everything I needed to know:
1. people will waste money to get assets faster
2. people will sell for cheaper to get rid of assets faster
3. MMs like myself can buy for cheap and sell for higher quickly

>>53245535
The best part about consumption tax is there's no way illegals can avoid taxes

>>53256445
This. Tariffs and state apportionment. POS sales tax and just have states send money to the Feds.

>>53256105
i disagree, what i said is that charity shouldn't exist in a first world society because it wouldn't be needed

>>53245644
They can prevent gun control bills from hitting the senate. If thats all they do, thats fine.

>>53245535
Is a consumption tax just a sales tax? That would be fairly regressive.

>>53256332
if your state doesnt have income tax, that means you're getting fucked in property taxes

>>53256543
>regressive
Go back.

>>53256543
>That would be fairly regressive.

>>53247096
Fuck off, you dirty Commie.

>>53256911
fuck off bootlicker

>>53247142
incorrect, a lot of Euro countries have a wealth tax still and they have a high quality of life.

>>53256960
>Wealth tax
Are you speculating or do you live in one?

>>53257367
Neither, i'm just not a fucking retard in an echo chamber

https://taxfoundation.org/net-wealth-tax-europe-2022/#:~:text=As%20today's%20map%20shows%2C%20only,individual's%20net%20wealth%20per%20se.

>>53245816
It's not a matter of percentages, if they consume less they are taxed less, it's that simple.

>>53245535
My rule is if the people in power champion it, it's a bad idea.

>>53247096
>would be less progressive
Progression to what?
Towards communism?
Fuck off.

>>53245535
HAHAHA WAIT TILL YOU FIND OUT THAT THIS CONSUMPTION TAX PLAN WILL EVENTUALLY BE BUILT ON TO CHARGE YOU FOR GAS, ELECTRICITY, MEAT, AND OTHER “LUXURIES” DAVOS ELITES PLAN TO STRIP YOU OF BY 2030


LOL
JUST LOL

>>53257880
>A Scadinavian village and countries infested with 3rd worlders
Lmao keep simping for the government pathetic poorfag

>>53245535
Taxation is theft. That being said the income tax implies the government has first dibs on your money, fuck that.

>>53257880
>Scandinavian
Yeah, that only works in honest high trust societies. Won't work in the US.

>>53245535
No. consumtion taxes are the most regresive type of taxes where the poor overpay them for obvious reasons.

>>53258244
>>53258024
no, wealth taxes work in all nations. i have no idea why you changed the topic to immigration as a cope, but we're discussing taxes on the wealthy

>>53245535
Make sense with CBDCs coming out.

>>53248511
>Brainwashed by corpos

>>53245535
something like 40% of taxpayers have a $0 federal income tax liability. of course these same poorfagged retards think that they'll come out ahead in this ridiculous fantasy. kek.

>>53258440
taxes should be used to serve the common man so that he may live a life of dignity regardless of his income bracket. you're arguing against your own interests because of corruption that exists in their current form. the answer isnt "no taxes", the answer is tax reform away from corruption back to being spent to better the lives of people like you.

>>53258329
They aren't necessarily regressive. Who would actually pay more taxes under this system?

1. Poor people & middle class would pay about the same with less burden of worrying about taxes/withholding/accountants, etc..
2. High income wage earners (doctors, lawyers, pilots, etc..) would pay less
3. Wealthy business owners would pay a lot more taxes because the nature of the tax code is that when a business reinvests it reports little taxable income but cash flow isn't necessarily low. A consumption tax would force these types of people to actually pay their fair share instead of hiding behind armies of accountants.

>>53258545
They are actually 100% regressive. Having rich people pay less in taxes does not help anyone but the ultra wealthy

>>53258329

No they don't. Rich people spend way more, ergo pay way more in taxes. It's fine if staples like food and all that remain untaxed.

The way it works now is that the working poor and working middle class pay a full income tax burden, and the rich just dance around loopholes, deductions, and different capital gains tax structures to reduce their burden to nothing.

Income taxes tax work. Only workers work. Think about it. Billionaires do not fill out W2's and make active, 9-5 income. They live off of capital gains and that's a whole different ballgame. You're getting bamboozled by word games

Obfuscation is, without a doubt, the easiest way to get dumb and midwit people to vote against their own interests. The current tax system is a massive pile of obfuscation. Word games, intricate codes, deception.

At the very least, the entire income tax system needs aggressively stripped down and simplified. No more deductions/loopholes whatsoever. Just straight up, 3 tiers of flat tax. The rates can be lower since you won't be dealing with all the other nonsense.

>>53258662

Case in point, word games like "progressive system", "regressive system". Who coined "progressive system"? Rich people and their media/economist acolytes. Literally do whatever the opposite is of what they're saying. Want to know why they neutered out tariffs/excise tax? Because the only people subject to those were rich, internationalist businessmen, importers and exporters. We offloaded the burden to the working class instead and to this day they remain divided and brainwashed into thinking this is a "progressive" system. Utterly fucking tragic.

This is something working class people of all stripes, left right or whatever, need to get behind.

>>53258662
The current tax system was designed by the people in power and the new one will also be designed by same people so that the rich have to do even less loopholes when they horde their massive wealth.

>>53258592
This has to be a bot or s retard. He ignores every direct refutation.

>>53258498
This utopia never worked. I prefer to be grounded in reality. Taxation is theft and will ALWAYS be wrongfully used.

>>53258592
The ultra wealthy live off dividends & capital gains from asset sales.

A small percentage of their cash flow actually comes from income from employment, so they don't actually pay much in income taxes. A consumption tax would be much more effective.

>>53258841
neither, I'm still waiting for you to make a point based on any facts. you've spilt your spaghetti constantly with provably wrong talking points or attempts to change the subject

>>53258851
Finland, Norway, Austria, France, Italy, Spain, Switzerland, Japan, Denmark to name a few places where taxes directly benefit the people over greedy corporations. Now, those countries themselves are not perfect and are corrupt to a degree, but its a lot of better than what we have here.

>>53258922
a consumption tax would remove the tax from their dividends and capital gains, jesus christ the IQ of this board. Dividends alone are directly counted towards income.

>>53258943
Whats the point of earning dividends anon?

>>53258943

Capital gains have a different rate. Long term gains cap out at 15%. On top of this if they sore their wealth in real estate or offshore, they can avoid capital gains taxes entirely and leverage bountiful other loopholes. You don't get the slightest tingling spidey sense when guys like Bill Gates and Warren Buffett ask for higher income taxes? Lmao. Please don't be a bug.

>>53258943
Qualified dividends (almost all of them) are not taxed at income tax rates.

>>53258975
>>53258943

Another strategy, to pay almost nothing even in capital gains, is to spend with loans backed by your capital assets. You spend with the loan, pay it back with your asset, pay absolutely fucking 0 in taxes. Working taxes only affect workers. Stop supporting them at all.

>>53258967
>>53258981
ok big brains, so is the problem that they dont pay taxes so why even have taxes, or the problem that there are tax loopholes and they should be paying taxes?

>>53259023

The problem is that income taxes are a joke and that we were quite literally tricked into accepting them after two world wars, where they were pitched as "emergency taxes." Formerly ruled unconstitutional. Now indoctrinated into our heads as "the only way." Progressive/regressive income taxes are a false dichotomy. There shouldn't be income tax at all. It's fucking stupid. Who in the fuck taxes work?

>>53259023
The point is earning itself only has value in spending (or future spending for kids, etc). All that political influence stuff you're talking about is a consequence of their ability to spend. All those dividends are to spend.

>>53259042
Every first world nation has income taxes, America is the only one who spends it back to benefit the corporations instead of the people. If your income tax dollars went into a pot that directly benefited your life like decent public transit, clean roads, and affordable food/housing then you wouldnt feel as ripped off,

>>53259066
The point is they shouldn't have the ability to spend to that degree in the first place. they are not spending because they want to help people like you. they would use you as biofuel for their private jet if they could.

>>53255860
>if I just make the scenario what I say regardless of reality I'm correct
Nice.

>>53258448
>taxpayers
>no tax liability
Maybe use a different word for them than "tax payers" then.

>>53245587
This. Tax on Production is counter productive. Literally how words work. Tax on consumtion is counter consumption.

How anybody could argue otherwise is a moron.

>>53259480
well I'm not making up a scenario, I'm referring to other first world nations who have a high tax rate on corporations and a wealth tax and the people there have a higher quality of life than in the US

>>53256543
Yes, it's a 30% sales tax

>>53256602
That's the technical term for a tax that charges poor people more than the wealthy. I voted for Trump (twice) and hate trannies.

>>53256857
NatSoc would support a progressive tax code. A pic of DeMaistre or Evola would probably work better.

>>53259531
>higher quality of life
lmao
>if I count urban debris that aren't white then it SUUUUUCKS
Sorry buddy. It's great over here.
The dumbest hillbilly in my town, lives in the hotel across the street from my building, has TWO TRUCKS.
He's literally got one eye and is dumb as rocks.

>>53259531

Lies and statistics. They are offered some more guarantees but no upside. "Quality of life" meaning you get your own cuck shack, 30k job for eternity, guaranteed healthcare, and are taxed to shit and essentially forced to wagie until you're 70 and pass nothing on to your family. That's the "quality of life" barometer they're going by.

In the US you have illiterate Mexicans hopping the border, starting small businesses and making over $100k+ in a tutorial mode free market, that's upside

>>53245535
They would never consider even mentioning that if they controlled the Senate too.

>>53259671
>>53259714

https://en.wikipedia.org/wiki/Quality_of_life_index_by_country

>>53259209

>Every first world nation has income taxes

How is that a counterargument? Yes, every first world nation is capable of the same kinds of deceit and corruption, anon. In case you haven't noticed, we aren't exactly peaking as a bloc. The middle class effectively shrinks by the year.

>what if state bureaucrats were naturally benevolent?

Let's not introduce fantasies into a practical argument about who's allowed to take your hard earned money

>>53259735
>if I ignore the part about white then it SUUUUUUUCKS
Sorry dude.
I've been to Europe.
It's fucking shitty as fuck.
POOR hillbillies live on 2 acres with multiple dogs, trucks, TVs, 4 wheelers, a bbq and etc.
No one cares at all that you add in a bunch of debris that are entirely inconsequential.
Keep coping.

>>53259735
Not to mention their $8,000 in guns.

>>53259735

"Quality of life" is a subjective term, in case you missed what I was saying. Europeans are taxed more than us, and make significantly less. Their economies are swirling the toilet bowl and they've offered no new innovations for the past 20 years.

If an utterly mediocre life of a 40 year wagie career in a humble cuck box and then 10 year state sponsored retirement is the epitome of "quality of life" to you then yes, they fit the bill. But there's a reason why there's essentially no net economic migration to Europe from the US.

Conservatism is a mental illness

>>53259761
>>53259772
youre just sperging out now

>>53259740
I have no idea why me explaining to you over and over again that this stuff exists in most first world nations somehow gets translated into your brain as "fantasy"

>>53259504
tax filers, i suppose.

>>53259832

In what 1st world nation are the state bureaucrats benevolent and humble? You stupid gullible fuck

It's me, Abraham Goldstein. I'm going to come up with a new tax. Instead of taxing the trade profits of globalist, international businessmen, I'm going to invent a new tax. It's a tax on work. People who didn't have to pay taxes for their work before are going to have to now. And I'm going to call it progressive. And then with time and effort they're going to call it progressive too. I'll even get them to defend it and ask for more and more of it.

>>53256061
>Shelters dont work, Soup kitchens don't work
but the shelter or food kitchen being government owned suddenly makes it work? fucking retard

>>53259849
Right i understand you want to move the goalposts into that, but I'm happy to repeat myself and say a lot of European nations use income tax to provide direct benefits to the people like a national healthcare service, public housing, public transit, higher education, clean roads, and a general "people first" agenda. Its not about being gullible or not, because it exists. its not a theory or a trust, its fact. When your taxes are taken and then given back directly to you in these services, it no longer feels like theft. It is not the taxes that are the problem, its how they are spent.

>>53259832
Are you European?
I'm telling you the actual state of affairs.
"poor" people in the USA, as long as you aren't counting literal ghetto dwellers, if you are talking European descent Americans, the poorest of the poor have FAR more than the average "middle class" european.

Middle class in my small podunk town means you have a fucking RV and a shed with $10,000 worth of power tools in it, 3 cars, an entirely well furnished 2,500 sqft house with a fenced in half acre.

I'm serious. I'm not trolling you.
You seem ignorant so now I've switched to informing you.

>>53259907
heyyy cool someone missed the point. no, the government running those would be no different. What im trying to convey is that we dont need these bandaids that solve nothing long term. Soup kitchens and Shelters are short term solutions to long term problems. you want to help the homeless? the government should build fucking homes.

>>53259935
you're wrong, the people living paycheck to paycheck and mountains of debt are not better off than the people with universal housing and healthcare. this is a common talking point pointing to their wages, but their wages go directly to their rent and debts. Not to mention they dont get sick leave, vacation days, or anything of that sort.

>>53258841
He's obviously some unemployed commie tranny. How else would he have time to make like 33 fucking replies in this thread

>>53260000
actually im a millionaire from crypto, im just not a piece of shit

>>53259992
>i mention actual assets in people's possessions
>you change it to "wages" and amorphous "benefits"
I've been checkmated.
I always lose to people that move the goalposts! WAHHHH!!

>>53260017
>millionaire from doing nothing and riding coattails
Yea that tends to make people delusional even though it's still not that much money.

>>53260017
so when are you giving your money to the government to give to the homeless, so you can move into a cuckshed in europe?

>>53259935
>the poorest of the poor have FAR more than the average "middle class" european.

This is utter delusion

>>53245535
As a minimalist, I'd prefer it.

>>53260240
In what regard?
Legit asking.

>>53260301
This Finnish woman on 48k income lives way better than the vast majority of Americans. Tens of millions of Americans don't even have health insurance while this lower middle income woman gets free college, free health care and subsidized child care.

https://youtu.be/MQ2b-R3enL8

>>53259714
Great articulation. It's like their whole economy traded everything for a shitty annuity.

>>53245587
>Consumption tax on food and other necessities are low or 0%

is this confirmed? If so, I would support this consumption tax instead of income tax. I don't spend much money. Most of what I spend is on groceries and rent and gas. I rarely buy clothes, I don't have money to buy property. I do invest in some stocks and cryptos, are those subject to consumption tax as well?

>>53245535
Republicans are fucking morons

>>53260527
video opens with annoying baby screaming, who the fuck thought that was a good idea

>>53258332
>a lot of Euro countries have a wealth tax still and they have a high quality of life.
>i have no idea why you changed the topic to immigration as a cope
Goddamn you're dense. You remind me of those leftist eurotrash that legitimately enjoy being surrounded by pic related while paying for their welfare lmao

>>53260980
What is your obsession with non-white people in Europe? America is far less white than any European country

>>53260980
>people of a common background gathering, socializing, and worshiping in public is bad because.... because it just is, okay!!!!!

>>53260527
What is your obsession with health insurance?
You realize you live all the good parts of your life before you even need healthcare right?

>>53261042
in my country, yes it is

fuck off we're full, go home

>>53260527
Also, is she armed with an possibility of defending herself and property?
I see Finns can own guns, probably a reason they are at least close to our quality of life.
You will be a slave with nothing if you have no guns.
Also, Finns are European, that's a big stretch and I'm not sure most finns would enjoy being compared to meds.
Mabye...

>>53260688
they are based and you are an impotent incel seething on 4chan

>>53261014
>>53261042
Holy mother of strawman, did you guys manage to graduate community college with that logical reasoning?

>>53250276
I just fucking choked on my drink LMAO

>>53253103
that might be because you're a faggot and your european friends are faggots
i say this as a frenchman (aka the highest tier of european). vat is not the problem, having vat on top of 60% income tax + social contribution taxes is the problem
however goycattle doesn't feel those other taxes because they're taken from their paycheck. they notice vat because it's displayed front and center on each bill
moral of the story: retards will literally ruin society to protect their feelings. give freedom of choice to a retard, he will make the worst decision then blame you for it

>>53261345
>give freedom of choice to a retard
I generally agree with you on your little rant, but at a what point were retards given freedom?
That happened in the USA for a brief period of time and they did quite well actually.

>>53261420
>but at a what point were retards given freedom?
universal suffrage unironically

>>53261510
Voting isn't freedom. That's legit retard tier.
Freedom is when you can live, not even know there is a vote, and it doesn't affect you at all.
That was 1800s USA and all those people did very well.

>>53261562
>Voting isn't freedom. That's legit retard tier.
I didn't equate the two. I meant one unleashed the other. It's the inevitable outcome to every democracy, the only form of government where even imbeciles get to have a say.

>Would shifting the tax burden even further from the rich to the poor and middle class be better

God. I remember having the same argument with all the little Neocons about a flat tax back in the 2000's. They've just repackaged the same old shit once again and structured it a little differently and now they're trotting it back out hoping that the public might swallow it this time.

>>53245535
>consumption tax

Consumption based on...carbon
You mean a carbon tax
So the poors have to pay to breathe and exist?

>>53249510
As a metric "living paycheck to paycheck" is a meme. It is used to mean that your bank account cover your next month of expenses, but it doesn't mean that people don't have tons of monety. Storing money in a bank account when it can immediately be reinvested into paying down a mortgage, or roth ira, or whatever makes no sense.

Paycheck to paycheck doesn't mean americans have nothing, it just means they don't just pool money in their bank accounts (and why would you?)

>>53245535
>Would a consumption tax really be better?
yes. what's more, by removing taxes on consumption of staple foods such as milk, eggs, flour, rice, beans, unprocessed meat etc. and instead taxing processed foods (ready-made meals, take-away, goyslop etc.) alcohol, tobacco, recreational drugs you could undo the obesity crisis at breakneck speed

>>53245587
Youre an idiot. Absolute buffoon. If they ended income tax, taxes on food would go up massively, like at least 20 but probably 30% on everything that you buy daily. They will push this forward but then decide to not actually abolish income tax, then you'll just have that "Value added tax" and you'll be happy.

>>53248805
Image in OP is proposing only VAT

>>53256044
It's actually the reverse: the anon is much more likely to die of some disease because ((they)) gave him "free healthcare."

>>53247745
Just control your mindless consumption you dumb goy

>>53258943
All the Eurocuck governments will strap you down and vaxx you thrice, then take a selfie with you for the Jews.

All of /biz would benefit from rereading this one.

>>53260017
Jewish hands typed this

>>53247109
A consumption tax may have discounts for food and etc but it does t hand a standard deduction, something like a standard deduction require tax filing and the whole point of the consumption tax is that it doesn’t have filing.