NoWingsAttached
Unobtainium Member
- Joined
- May 21, 2006
- Messages
- 4,871
- Location
- Columbia, SC
- Aircraft
- Air Command Tandem w/ Arrow 100hp; GyroBee w/ Hirth 65hp; Air Command Tandem w/ Yamaha 150hp
- Total Flight Time
- >350
A Methodist-Jewish-Shinto-Buddhist friend came up with an interesting idea to help solve the nation's economic woes and national debt crisis.
All money spent on durable goods, food, clothes, tools, toys, gifts, education, you name it, whatever creates cash dumped into the capitalist system of spending and that ultimately creates jobs which creates more taxable wages, without being tied to gambling in any way, would ALL be non-taxable.
All money invested in the stock market: taxable.
All money spent on gambling of any kind: taxable.
Likewise, any corporate monies invested in stocks, insurance deals, trading commodities, or gambling of any kind: taxable.
Any corporate monies spent in durable goods, toys, education,...just like Joe Shmo on the street: non-taxable.
In other words, same rules apply to everybody and every commercial entity.
That's it, ladies and gentlemen. It ain't rocket science. Everybody gets what they want: Rock-solid banks with mountains of cash to lend to boost new and growing business; Republicans get a reduction in taxes; and Democrats ultimately get more money coming in to the treasury from higher employment numbers and better pay scales, to cut the debt and right the ship.
I thought about a staggering comment the other night on TV: The Chinese are flush with cash while the EU and the US are flailing about miserably. That is no surprise.
What is sobering is the other nation that is flush with cash. Remember, you boomers out there, how we won the cold war? Money. We bankrupted the Soviet economy and they crumbled like a house of cards. Guess what? The Russians happen to be the other country flush with cash.
Uh oh.
All money spent on durable goods, food, clothes, tools, toys, gifts, education, you name it, whatever creates cash dumped into the capitalist system of spending and that ultimately creates jobs which creates more taxable wages, without being tied to gambling in any way, would ALL be non-taxable.
All money invested in the stock market: taxable.
All money spent on gambling of any kind: taxable.
Likewise, any corporate monies invested in stocks, insurance deals, trading commodities, or gambling of any kind: taxable.
Any corporate monies spent in durable goods, toys, education,...just like Joe Shmo on the street: non-taxable.
In other words, same rules apply to everybody and every commercial entity.
That's it, ladies and gentlemen. It ain't rocket science. Everybody gets what they want: Rock-solid banks with mountains of cash to lend to boost new and growing business; Republicans get a reduction in taxes; and Democrats ultimately get more money coming in to the treasury from higher employment numbers and better pay scales, to cut the debt and right the ship.
I thought about a staggering comment the other night on TV: The Chinese are flush with cash while the EU and the US are flailing about miserably. That is no surprise.
What is sobering is the other nation that is flush with cash. Remember, you boomers out there, how we won the cold war? Money. We bankrupted the Soviet economy and they crumbled like a house of cards. Guess what? The Russians happen to be the other country flush with cash.
Uh oh.