Stop Me Before I Vote Again

That cloud is where I usually get out my knife and back away carefully from people who are suffering visions of capitalist liberty. The yearning for endless rounds of creative and not so creative destruction means "winner take what he can" chaos, not liberty and not anarchy. I'd like to know with what, exactly, do they plan to replace the governing effect of entitlement spending? It's close to ten percent of the GDP.

I love the idea of a murderous carbon tax, but where Cato's cloven hoof peeks out is the suggestion that it should be used to offset payroll taxes -- which are, of course, the last revenue sources that preserve any vestigial traces of income-progressivity. No doubt the Hamiltonians would also be quite happy to erode this principle still farther.

What I'd like to see is a walloping carbon tax that would be rebated, in its entirety, on a strict per-capita basis, to every man woman and child in America.

the two economic pillars of our state system
(from a weeble point of view):

the tax and transfer system
and
uncle's unlimited credit card

both of these are profoundly
"in contradiction"
to all babbit libertarian fantasy
"little umpire states"
---------------------------------
j alva
l like your distinction between
anarchy and chaos

not that a wonderful stateless society
is just one good rev away

(as crypto kropotkinites asser)

but stateless ness

-----with its non legitimate rulers
default mode
"mob rule" ------

is not the real horror here

but rather
"license calling itself liberty"
specifically in our social formation
rampant privateering for profit

----------
ps hows that for oh rotund !!!!!

father smith hacks the secret code
contained in this quid pro quo

"Specifically, cut taxes on savings and investment, cut payroll taxes on labor and make up the shortfall with increased taxation of consumption.... And tax everybody's energy consumption.."

where i say cut the payroll tax back to pay as you go (plus some borrowed smoothery )
and tax wealth

the babbit libertarian
trade off is
a pay roll tax cut
for the jobbled millions
and
what amounts to a giant step further
towards a tax free profit zone
for the wealthy privateering class

"deal or no deal ?? "
what say u mates ????

an inside slam
the sublime father points to :

the tax base for the transfer system (pay roll)
is here narrowed
as what ...a vat moves in
to replace all this

hmmmmm
progressive consumption taxes
like uncle milty's " negative income taxes"

wage earner mickey finns

both expedite
the tax free profiteering zone
as schemes they
demoralize the progs
social engineering plans
by debasing their tax tools
and making a new world sweden
impossible

That's what I'm talking about. The future is in the direction Venezuela and the southern hemisphere are travelling, toward non-allignment, and grassroots socialism, or there is no future.

M Hureaux

oui oui

mjs,

Payroll taxes are actually regressive. The Social Security of the payroll tax applies a 6.2% tax rate to the first $94,200 of wage income. If you make $94,200 or less, your effective tax rate is 6.2%, but if you make $942,000, your effective tax rate is 0.62%! The Medicare portion of the payroll tax is a flat tax that is 1.45% on all wage income. As the Social Security portion is much larger, the payroll tax is regressive.

The federal income tax is progressive, although not as much as it used to be.

va green
indeed the payroll tax system
is regresssive extraction

(btw both father smith and i have pointed this out on most opportune occasions)

we're all for sharper progressivity in the extractor mode

in particular beyond the rate schedule
climbing like a roman candle
we need to hit non job income

not set up a pathway to tax free zoning for profits

final solution

a wealth tax baby
a wealth tax
that services
the national debt
and the pentagon