Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (450273)	10/11/2011 12:55:36 PM
From: goldworldnet	2 Recommendations Respond to of 793955

Replacing FICA with a national sales tax is impossible for retired people. * * *

To: Bill who wrote (450273)	10/11/2011 4:22:12 PM
From: Geoff Altman	12 Recommendations Respond to of 793955

Any flat income tax plan will negatively affect the bottom 50%, who pay almost no income taxes. I look at that as a plus. IMO, our progressive tax system is at the punitive level for those that make more than 250K while most at the bottom pay nothing and hence have no irons in the taxation fire. Those at the bottom are free to use their votes to elect themselves to more entitlements without any repercussions. When the people find that they can vote themselves money, that will herald the end of the republic.