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[Agent327]

If the problem is that under the current system, we can never get rid of Obamacare(...)1789 all over again except with this difference:

In 1789 the nobility was exempt from being taxed
NOW the 'rich' (neo-nobility) are the only ones being taxed.

The problem with the Republican approach (since McCain) is its negativity. (I won't comment on its falsifiabilty.)

 

[Azale]

Ayn Rand has lead the way with Atlas Shrugged.

Let the brown tide sweep over you Chiteng.

 

[peter grimes]

make sure the creditors
know that the dollar is no longer backed by the productive members of the country.

After the collapse, we can get rid of entitlements by saying 'we cant afford those any longer'
The dollar is worthless, holding wiped out.

Who do you see as the productive members of society? I ask, because I'm among the highest most overly taxed demographic in the country. Meaning, most of the money that is stolen by the statists is handed over in a scheme to reward political pay-to-play operations in other districts, keeping crony socialists in power longer by their electorate.

And which entitlements will have to go?

 

[warpus]

Move to Smoaila dude.

There's hardly a sign of a government. You'd love it.

You could even be a pirate.

 

[Antilogic]

As if we needed more proof of Poe's Law.

Don't worry, Chiteng, the sun came up today and will come up tomorrow.

 

[Borachio]

I would suggest that Capital be converted into non-taxable assets

As far as I know there is no such thing.

True, under any particular regime, there may be some assets that are, at the moment, untaxed.

But if it's an asset, and the authorities wish to raise funds, they will tax it.

Unless you're thinking in very abstract terms, like cultural capital for example. I admit that would be hard to tax. But it's also hard to convert Capital into cultural capital.

 

[Cutlass]

Was Chiteng really that in the tank for the GOP?

No. He just that much hates the fact that a people free to choose won't mindlessly choose what he wants them to choose.

 

[peter grimes]

As far as I know there is no such thing.

True, under any particular regime, there may be some assets that are, at the moment, untaxed.

But if it's an asset, and the authorities wish to raise funds, they will tax it.

Unless you're thinking in very abstract terms, like cultural capital for example. I admit that would be hard to tax. But it's also hard to convert Capital into cultural capital.

Non-taxable assets - what about the way Romney is alleged to have avoided paying any income taxes for the past decade? He made particular donations to his "church", under a particular tax structure that has since been outlawed:

Romney used the tax-exempt status of a charity -- the Mormon Church, according to a 2007 filing -- to defer taxes for more than 15 years. At the same time he is benefiting, the trust will probably leave the church with less than what current law requires, according to tax returns obtained by Bloomberg this month through a Freedom of Information Act request.
In general, charities don’t owe capital gains taxes when they sell assets for a profit. Trusts like Romney’s permit funders to benefit from that tax-free treatment, said Jonathan Blattmachr, a trusts and estates lawyer who set up hundreds of such vehicles in the 1990s.

[snip]

When individuals fund a charitable remainder unitrust, or “CRUT,” they defer capital gains taxes on any profit from the sale of the assets, and receive a small upfront charitable deduction and a stream of yearly cash payments. Like an individual retirement account, the trust allows money to grow tax deferred, while like an annuity it also pays Romney a steady income.

source:
http://www.bloomberg.com/news/2012-...es-via-loophole-cutting-mormon-donations.html

Sounds like a non-taxed asset to me

 

[Chiteng]

Who do you see as the productive members of society? I ask, because I'm among the highest most overly taxed demographic in the country. Meaning, most of the money that is stolen by the statists is handed over in a scheme to reward political pay-to-play operations in other districts, keeping crony socialists in power longer by their electorate.

And which entitlements will have to go?

What I see is that Obama can reward people who play along by exemption from Obamacare, and punish those who wont by forcing it upon them. Institutional cronyism.

And of course it wont work. If it were any good, Congress would be using it.

 

[Chiteng]

No. He just that much hates the fact that a people free to choose won't mindlessly choose what he wants them to choose.

Freedom to choose what? None of us are free to ignore Obamacare

 

[Ziggy Stardust]

Answer his questions.

And please multiquote. Answer Peter's questions.

 

[Chiteng]

Answer his questions.

And please multiquote. Answer Peter's questions.

I dont see a question. Romney lost. Comments about him are meaningless.

 

[Ziggy Stardust]

I dont see a question.

You can recognize them by the mark at the end of them.

 

[Cutlass]

Freedom to choose what? None of us are free to ignore Obamacare

Of course you are. But that's not the point. The point is that the American people have chosen Obamacare over the vastly worse "choices" the Republicans were "offering". So freedom won out.

 

[Ziggy Stardust]

Obama Shrugged.

 

[Borachio]

Sounds like a non-taxed asset to me

It is.

I was referring to non-taxable assets. As in assets which are not capable of being taxed.

I don't think they are any.

I know there are assets which are not taxed. (And assets on which tax should be paid but isn't.) But that's not my point.

 

[Dachs]

I went into this thread expecting football tactics and BOY WAS I SORELY DISAPPOINTED

 

[ace99]

I had a European history seminar where the topic of Ayn Rand somehow came up.

Our professor looked at us gravely and said "Listen. If any of you are Ayn Randians (Randists? Randy?) come talk to me, and I can get you help. It's a terrible disease and I'd hate to think that any of you have it."

If only everyone had a professor like that this kind of thread could be prevented.

 

[dutchfire]

1789 all over again except with this difference:

February – King Gustav III of Sweden enforces the Union and Security Act, delivering the coup de grace to Sweden's 70-year old parliamentarian system in favor of absolute monarchy.

This 1789?

February 4 – George Washington is unanimously elected the first President of the United States by the United States Electoral College.

Or this 1789?

 

[Chiteng]

This 1789?


Or this 1789?

The important 1789 event