Author Topic: Oil depletion allowance  (Read 11914 times)

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sirs

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Re: Oil depletion allowance
« Reply #15 on: May 05, 2011, 05:28:50 PM »
For those, like Xo, not able to pay attention

Flat Tax...pay a % of one's income --> the more one makes the more they pay

National Sales Tax (aka Fair Tax, aka Consumption Tax)...pay the tax of items purchased/consumed --> the more one buys/consumes, the more one pays

Your evil "rich" are having to pay their "fair share" under both scenarios, and no loopholes for anyone
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

sirs

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Re: Oil depletion allowance
« Reply #16 on: May 05, 2011, 05:41:55 PM »
Observe that what we have in the US is a society based on consumerism.
Then consider the adage that if you tax something, you will get less of it.

Note what our resident tax collecting advocate has opined as well.  Tax something, you get less of it.  So, by extension, tax income, you get less income, right?  And making the taxes higher produces even less.  Sounds about right

So, to be FAIR, and not punish anyone more than another, the best approach is that of either a Flat tax or National sales tax.  EVERYONE pays, the more one makes or buys, they more tax they pay, NO LOOPHOLES

Someone now explain how that is unfair, please

"The worst form of inequality is to try to make unequal things equal." -- Aristotle

kimba1

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Re: Oil depletion allowance
« Reply #17 on: May 05, 2011, 07:09:03 PM »
it depends on the product

tobacco & alcohol- guarantee income.

computers & tvs- not too much income.

foods consumption ironically less- food has always been used as a expense cut- a parent will always cut their children s food budget for gas money for work or beer money.

reality can be scarey

Plane

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Re: Oil depletion allowance
« Reply #18 on: May 05, 2011, 07:15:51 PM »

Observe that what we have in the US is a society based on consumerism.
Then consider the adage that if you tax something, you will get less of it.

Less consumption, slower economy.


Perhaps we shyould tax people based on the amount of government they use rather than the amount that they earn.

I wouldn't mind less government , less earning is kinda backwards.

sirs

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Re: Oil depletion allowance
« Reply #19 on: May 05, 2011, 07:24:23 PM »
it depends on the product

tobacco & alcohol- guarantee income.

computers & tvs- not too much income.

foods consumption ironically less- food has always been used as a expense cut- a parent will always cut their children s food budget for gas money for work or beer money.

reality can be scarey

No one HAS to purchase tobacco or alcohol products, and people are free to choose their priorities.  Bottom line is that it's fair to everyone, not "more fair to some and less fair to others"
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

BSB

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Re: Oil depletion allowance
« Reply #20 on: May 05, 2011, 07:36:00 PM »
I hate taxes they bore me to death. Talking about them is boring, paying them is boring, thinking about them is boring. Just soak the hell out of the rich and leave the rest of us tax free.

rich = anyone who wasn't in the military


BSB

Plane

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Re: Oil depletion allowance
« Reply #21 on: May 05, 2011, 08:02:26 PM »
One way or another we are obliged to tax earning power, whether directly or indirectly whether simply or in a complex formula.

XO reminded me in this thread that
Quote
"if you tax something, you will get less of it."
We are necessacerily taxing earning power , perhaps what we really want less of is government , because we don't want less earning power.


Xavier_Onassis

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Re: Oil depletion allowance
« Reply #22 on: May 05, 2011, 10:28:26 PM »
I have exactly all the government I need: no more, no less. I suppose I could get along fine if they stopped invading other countries: that is very expensive.
.
"Time flies like an arrow; fruit flies like a banana."

Kramer

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Re: Oil depletion allowance
« Reply #23 on: May 05, 2011, 11:39:18 PM »
I have exactly all the government I need: no more, no less. I suppose I could get along fine if they stopped invading other countries: that is very expensive.
.

How much of the budget is used for invading other countries?

Xavier_Onassis

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Re: Oil depletion allowance
« Reply #24 on: May 06, 2011, 10:20:05 AM »
Too much.
"Time flies like an arrow; fruit flies like a banana."

sirs

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Re: Oil depletion allowance
« Reply #25 on: May 06, 2011, 11:02:29 AM »
Good thing most here agree not to raises taxes, because as a supposed wise man once said consider the adage that if you tax something, you will get less of it
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

Xavier_Onassis

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Re: Oil depletion allowance
« Reply #26 on: May 06, 2011, 01:24:02 PM »
I simply was repeating an adage that all the righties seem to believe. Taxing consumption in a consumerist society seems unwise in principle, and certainly would have greater repercussions than raising the top tax rate 4% on the rich.

"Time flies like an arrow; fruit flies like a banana."

sirs

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Re: Oil depletion allowance
« Reply #27 on: May 06, 2011, 01:25:37 PM »
I simply was repeating an adage that all the righties seem to believe.

That you apparently agreed with, thus we welcome you to the side of not increasing any taxes
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

Xavier_Onassis

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Re: Oil depletion allowance
« Reply #28 on: May 06, 2011, 02:48:37 PM »
I was not saying that taxes should not be increased. I was pointing out that a tax on consumption was likely to decease consumption, which in turn would have a negative effect on the economy.
 The topic was the flat tax and fair tax, not the income tax.

If we are to decrease the deficit, budget cuts AND tax increases will be needed to do this as rapidly as possible.
"Time flies like an arrow; fruit flies like a banana."

sirs

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Re: Oil depletion allowance
« Reply #29 on: May 06, 2011, 02:52:54 PM »
You said so yourself...increasing taxes on something, gets you less of that something.  Did you not??
"The worst form of inequality is to try to make unequal things equal." -- Aristotle