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Re: Before Fed Income Tax 

By: Fiz in GRITZ | Recommend this post (2)
Fri, 04 Apr 25 3:31 AM | 19 view(s)
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Msg. 06272 of 06308
(This msg. is a reply to 06266 by ribit)

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Rbit: "..tariffs are a way of taxing people same as Income tax."

No. They are extraordinarily different!
First of all, recognize that a tax -- any tax -- is a PUNISHMENT. It discourages people from doing something. That is all it is (well, not quite all ... it does generate government revenue and, in the natural course of things, encourages government obesity and corruption).

But an income tax punishes work and productivity.
While a sales tax punishes CONSUMPTION (waste)...which just so happens to be extraordinarily VOLUNTARY.

How should a tax be structured by a wise government if it wants to make a people proud and wealthy? Tax the $h\* our of consumption, but leave earned income untouched.

I'm surprised you would say such a obviously wrong thing. Not a good sign for the country if people can't discern up from down.

But a tariff is even more interesting: it only punishes people who are not part of the society and are only there trying to squeeze out extra profits. Provided the country imposing the tariff is largely capable of prouducing equivalent (roughly competitive) goods itself, it stongly encourages even more productivity in its own middle-class population -- while leaving the relatively uber-rich population to spend more of their accumulated savings (and give them thrills and obesity, I am sure, which they generally deserve if they came by their wealth through earlier hard, productive work).


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The above is a reply to the following message:
Re: Before Fed Income Tax
By: ribit
in GRITZ
Fri, 04 Apr 25 2:17 AM
Msg. 06266 of 06308

...tariffs are a way of taxing people same as Income tax. Government would like to have BOTH and add in a wealth tax, which is a tax on the things you have already paid taxes. Being 80 don't sound as unpleasant as it used to.


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