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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (1521197)	2/10/2025 7:43:56 AM
From: maceng2	1 Recommendation Recommended By longz Read Replies (1) \| Respond to of 1570078

<<Rat is a tax-the-rich kind of guy.>> You want to tax the rich ? That is doable. Not sure you want to do that. The rich people know how to handle money, do you think a government bureaucrat knows better? It will not be the case in many instances. People with deep pockets play an important role in many circumstances. In challenging business conditions they don't squirm so easily, can make decisions independently, and be much harder to compromise. These are not small matters and can make a big difference for society. People tend to wish to do the right thing. But OK, lets say the right way ahead is to soak the rich. Not so difficult thing to do if there are good channels of communication, and there is a general agreement that is the right thing to do. My suggestions: - Get rid of the IRS and the whole USA tax system. Entirely. Lots of spinning of wheels, lots of rubber burning, going nowhere most of the time. That frees up a HUGE amount of time and wasted effort. Puts a big percentage of people back into the work pool for productive work. - Use a sales tax to collect tax revenue to fund the government but also... - Create inflation by printing government money (no Fed). The printed money excess goes into funding the government. It is that easy. - Control the amount of interest that can be charged on loans. It actually may be a net negative amount. Thus government bureaucrats balance sales tax and deliberate inflation to make sure not too much money goes into savings (hoarding) and people who hide their money in assets get taxed. If the rich start to move out of the country, to avoid taxes, then other measures can be brought into play. There is zero sense in "punishing" them though. They know how to make money, that is something to encourage. I also see no sense in hereditary taxes either. That makes it all pointless. If a landed rich person doesn't know what they are doing, the money will go back into circulation anyway.