No More Bush Tax Cuts for the Wealthiest

Originally Posted by Harrekin

Fair Tax is essentially VAT right? You'll have that eventually on top of your current system, wait and see.

Gotta pay for those Gov programmes!

What is VAT? I meant a straight percentage taxed to everyone, no loopholes, nada... like we all pay 10%? The Fair Tax.

Originally Posted by MellowFarmer

Poor people do spend mostly on essentials and they don't consider Jets to be essential.. that being said, I have always wondered what people find so unfair about the Fair Tax.

What many people find wrong with the fair tax is that it doesn't punish rich people enough. Lots of folks out there who think wealthy people don't deserve what they got, they figure if you can afford a $100 steak that you should be taxed 99% so you can only afford hamburger like the rest of us.

I think what folks don't get is percentages period. Ten percent of a person's income who eats $100 steaks is going to be likely more than most folks make a year! I do propose no more property tax to be replaced with luxury property tax
i.e more than one house or car or jet

Originally Posted by beenthere

Hey bro, if my quote above doesn't answer your question, I don't know what will. I'm not sure what part of "neither supply nor demand gives us jobs" you can't grasp!

The principle difference between you and I is, I believe supply cannot flourish without demand, you seem to assume that demand is capable on it's own.

Supply does not and cannot create demand. Demand will invariably create supply. I'm surprised you can't see this.

Originally Posted by UncleBuck

we became a superpower after anti-trust laws.

So to become a superpower all a country needs to do is enact anti-trust laws?

Originally Posted by beenthere

You are wrong again.
In a free market economy, supply is as dependent on demand, as demand is on supply. A perfect balance between the two creates a thriving economy. You are forgetting the fact that Pepsi is still a supplier, if Coke isn't available, Pepsi can and will monopolize the market, prices will skyrocket because of the lack of competitive suppliers, before long, Pepsi's gross sales will plummet and they will have priced themselves out of the market. Now, when Pepsi follows Coke and is no longer available, another "supplier" will step in and fill that market because demand alone cannot.

That's the beauty of the free market, competition keeps the relative market price in check, therefore keeping the balance of optimum sales and profits.

That's nice Beenthere but it doesn't address the absolute. Supply without demand is nothing and will likely remain nothing. I have a supply of rocks in my back yard - so long as there is no demand for my rocks, they will likely stay in my back yard (that is unless there comes a demand for property without rocks on it).

Not so with demand. We currently see a demand for methods of getting high. Companies are responding to that demand, if it cannot be satisfied with marijuana, with other cannibinoids. It is highly likely that if marijuana were in ample supply everywhere the supply of artificial cannibiniods would not generate further demand.

Now, can you show us where without manipulation, supply generates demand?

Originally Posted by beenthere

You can make fun of it all you want, but it's a fact. In this economy, supply can only be achieved by capital, and only the rich have that capital. On the other hand, like I've always contended, supply can only exist when there is demand. Unfortunately, because of greed and power (corporatism), the uber wealthy have monopolized the free market and in turn monopolized wages.

And the only way to combat crony capitalism, is to get government out of the free market.
Most people will tell you that the power of government to regulate will protect us from out of control capitalism, when the fact is, only the large corporations can operate under those regulations. This is precisely how all of our mom and pop stores are all but history. If you don't think that the federal government is in bed with the corporate conglomerates, government is surly doing it's job in brain washing you into believing them.

What? I see you are beginning to reach instead of accepting facts here. Even now, it isn't only "the rich" that provide capitalization, Many with lesser means can, have and will come together to provide that capitalization, especially if there are no rich - again, a case where demand creates supply. When only the rich have capital, then our society will be converted to serfs and vassels, where the majority have no capital and no money with which to purchase goods. Seems like you are darting all over the place here in order to avoid the obvious.

Originally Posted by beenthere

LMAO Neither one of you two knuckle draggers have a fucking clue about what's going on.

The free market is what made America the greatest nation in history, corporatism (crony capitalism) has taken over the free markets, crony capitalism cannot exist without government, that is what defines the term you idiots, where the hell have you guys been, under a rock? LOL

Go look up the term crony capitalism, LOL then tell me how government will do away with it.

The baby and bathwater catch phrase is cute and funny, just like the cartoons, but it doesn't change the fact that the both of you are clueless on this subject.

Here is where it gets frightening for people like me, it seems Beenthere that you actually believe this. The free market is not what made America the greatest nation in history". What did so was an establishment of egalatairan order by way of a Democratic/Representative/constitutional form of government. Along with plentiful resources and a certain isolationism that let it all incubate. It was this environment that fostered the success of a free marketplace. The free market did not spawn our form of government, there is nothing establishing our economic system in our founding documents. There is nothing about corporations, free choice, or guarantees of business or business practices anywhere within. To presume such things is abhorant to anyone who understands the basis of our current system.