Flat Tax Rate. (1 Viewer)

[absolution*]

Of course they don't.... and you call yourself an Commerce student.

What are you on about gimp-a-tron?

 

[Shuter]

Are we talking about a pauline hansonite 'flat tax'

?

Essentially.

 

[absolution*]

Are we talking about a pauline hansonite 'flat tax'

?

Ooooo baby baby.

 

[absolution*]

You never heard that pauline Hanson's tax policy was a 2% 'flat tax'?

Dont care unless shes offering to deport pug-nosed gimps.

 

[Shuter]

Still where is the attack on the fundamental flaws of the proposal there? I see none, only alot of spin trying to discredit it without discussing facts.

 

[Not-That-Bright]

I can't see where anyone has proven that lowering taxes lowers government revenue.

 

[absolution*]

I explained it on the previous page.

 

[Beckiki_S]

Where would their money come from?

The current progressive income tax system diminishes motivation to work hard and succeed, discourages ambitious initiative and productivity, and is a disincentive to make extra sacrifices of time and energy to achieve career promotions and higher living standards. A flat rate tax would have just the opposite effect on incentive and motivation to work and succeed.

The progressive income tax system also inhibits entrepreneurial ventures by minimizing the rewards that are a primary motivation for taking risks with capital. A flat rate tax, on the other hand, promises to allow the entrepreneur to keep all profits beyond the uniform flat rate, regardless of the degree of profitability. Entrepreneurial adventures will increase in direct proportion to the rising productivity and income (which in turn is the result of increased incentive to work hard and succeed). As incomes rise there will likely be a proportionate growth in savings and investments. There are two reasons to expect this result: 1) Individuals will have more discretionary income to manage--some of which will be spent, some given away and some saved and invested; and 2) The removal of double taxation on income generated from savings and investments will increase the motivation to use resources for cultivation and conservation purposes rather than consumption purposes. This growth in investment capital in conjunction with a probable lowering of interest rates will be a catalyst for entrepreneurial pursuits.

Investment cannot always be measured in economic terms, nor can the principle of cultivation always be measured in monetary terms and financial return. A considerable amount of cultivation of human capital occurs when resources are given away to religious and educational institutions. Likewise, human capital blossoms when money is "invested" (contributed) in the development of the arts and sciences. Wherever these "non-economic" facets of culture are nurtured and cultivated economic pursuits also tend to flourish.

Forget econometrics that sounds like SHIT1001 to me.

 

[Not-That-Bright]

Well alot of economists disagree with you.

 

[absolution*]

Well alot of economists disagree with you.

Yet, funnily enough, more would agree.

 

[Not-That-Bright]

Yet, funnily enough, more would agree.

Where did you pull that statistic out of?
There's alot of debate about it, and as far as I can see it's fairly even... but o well.

 

[Beckiki_S]

Oops wrong forum. I was actually going to reply here that it would seem most BOSers would agree with me... I do think you're right about a flat tax promoting entrepreneurship but i think thats a really small part of the bigger picture.
And while there are isolate incidents to prove anything i think its safe to say that on the whole lower taxes definitely lower revenue. Its simple ecosense.

 

[absolution*]

I pulled that statistic out of my common sense. There is no economically rational benefits to flat-rates of tax for reasons expressed previously. If it was such a great idea more dominant countries would have adopted it. Your not smarter than policy makers.

New Slang?

Dance like the queen of the eyesores?

 

[absolution*]

NTB. Wouldn't the greatest government on earth 'THE LIBERAL GOVERNMENT!' employ your flat tax if it had any merit?

Nah, too anti-socialist for Costello.

 

[Beckiki_S]

There is no economically rational benefits to flat-rates of tax for reasons expressed previously. If it was such a great idea more dominant countries would have adopted it.

Exactly!

New Slang?

yes my apologies i was multi-tasking.

Edit: nice quoting there ^ BOS retard.

 

[Not-That-Bright]

dominant countries... russia?
It has been proposed many times in america, some american states are thinking about taking it up?

 

[absolution*]

There is no economically rational benefits to flat-rates of tax for reasons expressed previously. If it was such a great idea more dominant countries would have adopted it.

New Slang?

yes my apologies i was multi-tasking.

Edit: nice quoting there ^ BOS retard.

AHahha. I thought females were supposed to be apt at multi-tasking.

 

[absolution*]

dominant countries... russia?
It has been proposed many times in america, some american states are thinking about taking it up?

The Russian economy is a pile of shit. Dont make me quote the OECD.

 

[Not-That-Bright]

True, but it has been proposed many times in america... I don't think it's right to say something is wrong just because a major country hasn't taken it up yet.
I would point to the baltic states, and their growth (increased growth AFTER the implementation of a flat tax, and lower interest rates).

 

[Beckiki_S]

Yes my apologies for not being the ideal woman.

Serious question here, what kind of tax system do most of the Scandinavian countries have because they seem to be rolling in it... relatively.