You are STILL not understanding. It does NOT matter if it is a business tax or a sales tax

Mk I do understand but maybe you don't . If we all had millions in the bank then yes you could reduce taxes and say only have taxes on food but that is the problem most ppl don't have lots of cash in banks or shares so the average person can't afford to pay a lot on the things you need as a human to live

Food
Housing
cloths

This means someone has to pay more and that is company's .

I point out what happened when your country had prohibition .

Up until that time your government got most of it's taxes from alcohol but once you made it illegal then your government was in trouble

They had to get money from somewhere to pay just to run the government

Defence , administration , blah , blah

So the government introduced income tax .

So having a race to the bottom of the tax rates backfires when all do it .

It's normal people that will suffer.

Yes I do understand that to many taxes or taxes that are set to high can effect the average Joe but you don't reduce taxes because of some out dated ideology from the 18 or 19th century . Modern economics is different to what it was in the 18th 19 th or even the early 20th century . Ergo : Bonds are 17th century economics

The rich can always take care of them self's but the average joe can't there is also humanity to consider if we are to say we are civilized then you can't be civilized if you don't look after the average joe that would show we are not civilized and no better than a wild animal.

I figured you will be voting Libertarism :-) least that's not Trump

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As there is poster here who has the ear of _____ comes to mind.

gary ..... I'll take this as refering to me .

I don't have the ear of any polly but I do have a voice and what I do is humiliate the polly's by using social media .

Politics is all about what people perceive and therefore you can influence them by making them look foolish or getting them to think , oh we better change our mind if he's thinking it how many others are and what if ppl start to listen to him .

Social media is very powerful when you use it at the right time and direct it at the right people like commenting on twitter during Question time as if you watch the polly's there looking at there phones and the twitter feeds to gauge how ppl think there performing .

They have a ego and don't like it when that is bruised .

it's a new thing yes and only has occurred in the last 20 years at the point now you can influence them . Media has been powerful for a long time but social media is even more powerful .

So learn what I do and copy me and you may just be able to influence attitudes of your polly's by using it correctly .

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You are STILL not understanding. It does NOT matter if it is a business tax or a sales tax

Mk I do understand but maybe you don't . If we all had millions in the bank then yes you could reduce taxes and say only have taxes on food but that is the problem most ppl don't have lots of cash in banks or shares so the average person can't afford to pay a lot on the things you need as a human to live

Food
Housing
cloths

This means someone has to pay more and that is company's .

I point out what happened when your country had prohibition .

Up until that time your government got most of it's taxes from alcohol but once you made it illegal then your government was in trouble

They had to get money from somewhere to pay just to run the government

Defence , administration , blah , blah

So the government introduced income tax .

So having a race to the bottom of the tax rates backfires when all do it .

It's normal people that will suffer.

Yes I do understand that to many taxes or taxes that are set to high can effect the average Joe but you don't reduce taxes because of some out dated ideology from the 18 or 19th century . Modern economics is different to what it was in the 18th 19 th or even the early 20th century . Ergo : Bonds are 17th century economics

The rich can always take care of them self's but the average joe can't there is also humanity to consider if we are to say we are civilized then you can't be civilized if you don't look after the average joe that would show we are not civilized and no better than a wild animal.

I figured you will be voting Libertarism :-) least that's not Trump

1. Your sequence of events on income tax and prohibition is.... incorrect.

The Federal Income tax was made constitutional by the 16th Amendment. It was declared in effect upon Delaware's ratification (the 36th State to do so) of it on Feb. 3, 1913.

Alcoholic beverages were made Constitutionally prohibited by the 18th Amendment which was ratified by the 36th State (Nebraska) on Jan. 16, 1919, with the Amendment taking effect on Jan. 16, 1920 (per its language in Section 1, "After one year from the ratification...").

The Federal Income Tax happened BEFORE Prohibition.

Furthermore, where did you get the idea about taxing Food only? That is... nuts.

As to tax rates/types, well... of course the Government needs to have some level of taxation. But, if the Taxes are not bringing in enough to cover the Spending, well... REDUCE the spending.

Economics... The science of the allocation of scarce resources...

Outdated ideologies from the 18th/19th/early 20th centuries?

You mean ideologies such as Marxism, Communism, Socialism? Sure, those are outdated, not to mention wrong in the extreme.

'Modern economics is different than what it was'? Sure it is. Primarily because of the incorrect Keynesian theory (and its descendants).

Keynesian economic theory was totally eviscerated in a series of 4 lectures given by Hayek at the London School of Economics in early 1931. Read it if you like, he published them under the title 'Prices and Production'.

I would recommend 'Prices and Production and Other Works: F.A. Hayek on Money, the Business Cycle, and the Gold Standard'. ISBN 978-1-933550-22-0. It has in it not only the 4 lectures, but also several of his other works.

Also of note of Hayek's works would be:

1. Law, Legislation, and Liberty.
2. The Fatal Conceit: The Errors of Socialism.
3. The Road to Serfdom.
4. The Constitution of Liberty.
and
5. Individualism and Economic Order.

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https://youtu.be/iY57ErBkFFE

#Texit

Don't blame me, I voted for Johnson(L) in 2016.

Truth is dangerous... especially when it challenges those in power.

As there is poster here who has the ear of _____ comes to mind.

gary ..... I'll take this as refering to me .

No not you, different person.

<ed>he works in the local office of the elected person

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The Federal Income tax was made constitutional by the 16th Amendment. It was declared in effect upon Delaware's ratification (the 36th State to do so) of it on Feb. 3, 1913.

So the rum taxes as they where known wheren't paying enough money to the fat cats at the time , I stand corrected . so the alcohol taxes didn't influence any increases or effect the government ??

Furthermore, where did you get the idea about taxing Food only? That is... nuts.

Pay attention mate ;-) . The Cayman islands

It's what Trump wants smaller taxes till there are none only things like maybe a GST type of tax he's a business man ofcourse

You mean ideologies such as Marxism, Communism, Socialism? Sure, those are outdated, not to mention wrong in the extreme.

boy !!...... that's not economics that's politics and ideology

economics has no fomula for Greed and is incorrect , consume till there is nothing left is incorrect

I would recommend 'Prices and Production and Other Works:

ummm me read a whole book mmmmm........

“…man is not free unless government is limited. There's a clear cause and effect here that is as neat and predictable as a law of physics: As government expands, liberty contracts.”

~ Ronald Reagan

Amazing how time go's past so quick now . Give up your electronics then !!
Reverse GW , reduce the population quickly as governments get bigger as the population grows
So your losing your liberty by stealth and social engineering should not happen .

Must be good to be stuck in the past and not learn .

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Mk I do understand but maybe you don't . If we all had millions in the bank then yes you could reduce taxes and say only have taxes on food but that is the problem most ppl don't have lots of cash in banks or shares so the average person can't afford to pay a lot on the things you need as a human to live

Food
Housing
cloths

Thats true Glenn.
It is not the rich or high-income households that have the highest "tax burden". It's the low-income people.
The important thing is how the tax works in reality, that is what you actually pay in taxes after the necessities of life, food, home and so on, are paid.
We call this tax after viability.

A lonely women with two childs pays 80%.
A working class family with two childs pays 65%.
A high income family with two childs pays 60%.

Glenn,

So the rum taxes as they where known wheren't paying enough money to the fat cats at the time , I stand corrected . so the alcohol taxes didn't influence any increases or effect the government ??

Of course 'alcohol taxes' had an influence on the government. Go look up the 'whiskey rebellion'.

The Whiskey Rebellion, also known as the Whiskey Insurrection, was a tax protest in the United States beginning in 1791, during the presidency of George Washington. The so-called "whiskey tax" was the first tax imposed on a domestic product by the newly formed federal government. It became law in 1791, and was intended to generate revenue to help reduce the national debt. Although the tax applied to all distilled spirits, whiskey was by far the most popular distilled beverage in the 18th-century U.S. Because of this, the excise became widely known as a "whiskey tax". The new excise was a part of U.S. treasury secretary Alexander Hamilton's program to pay war debt incurred during the American Revolutionary War.
The tax was resisted by farmers in the western frontier regions who were long accustomed to distilling their surplus grain and corn into whiskey. In these regions, whiskey was sufficiently popular that it often served as a medium of exchange. Many of the resisters were war veterans who believed that they were fighting for the principles of the American Revolution, in particular against taxation without local representation, while the U.S. federal government maintained the taxes were the legal expression of the taxation powers of Congress.

Throughout counties in Western Pennsylvania, protesters used violence and intimidation to prevent federal officials from collecting the tax. Resistance came to a climax in July 1794, when a U.S. marshal arrived in western Pennsylvania to serve writs to distillers who had not paid the excise. The alarm was raised, and more than 500 armed men attacked the fortified home of tax inspector General John Neville. Washington responded by sending peace commissioners to western Pennsylvania to negotiate with the rebels, while at the same time calling on governors to send a militia force to enforce the tax. With 13,000 militiamen provided by the governors of Virginia, Maryland, New Jersey, and Pennsylvania, Washington rode at the head of an army to suppress the insurgency. The rebels all went home before the arrival of the army, and there was no confrontation. About 20 men were arrested, but all were later acquitted or pardoned. Most distillers in nearby Kentucky were found to be all but impossible to tax; in the next six years, over 175 distillers from Kentucky were convicted of violating the tax law. Numerous examples of resistance are recorded in court documents and newspaper accounts.

The Whiskey Rebellion demonstrated that the new national government had the will and the ability to suppress violent resistance to its laws. The whiskey excise remained difficult to collect, however. The events contributed to the formation of political parties in the United States, a process already underway. The whiskey tax was repealed after Thomas Jefferson's Republican Party, which opposed Hamilton's Federalist Party, came to power in 1801.

https://en.wikipedia.org/wiki/Whiskey_Rebellion

Furthermore, where did you get the idea about taxing Food only? That is... nuts.

Pay attention mate ;-) . The Cayman islands

It's what Trump wants smaller taxes till there are none only things like maybe a GST type of tax he's a business man ofcourse

The Cayman Islands tax quite a bit more than just food, and not even all food is taxed. They tax imported goods, and the tourist business, among others.

No direct taxation is imposed on residents and Cayman Islands companies. The government receives the majority of its income from indirect taxation. Duty is levied against most imported goods, which is typically in the range of 22% to 25%. Some items are exempted, such as baby formula, books, cameras and certain items are taxed at 5%. Duty on automobiles depends on their value. The duty can amount to 29.5% up to $20,000.00 KYD CIF (cost, insurance and freight) and up to 42% over $30,000.00 KYD CIF for expensive models. The government charges flat licensing fees on financial institutions that operate in the islands and there are work permit fees on foreign labour. A 13% government tax is placed on all tourist accommodations in addition to US$37.50 airport departure tax which is built into the cost of an airline ticket. There are no taxes on corporate profits, capital gains, or personal income. There are no estate or death inheritance taxes payable on Cayman Islands real estate or other assets held in the Cayman Islands.

https://en.wikipedia.org/wiki/Cayman_Islands#Taxation

You mean ideologies such as Marxism, Communism, Socialism? Sure, those are outdated, not to mention wrong in the extreme.

boy !!...... that's not economics that's politics and ideology

economics has no fomula for Greed and is incorrect , consume till there is nothing left is incorrect

There is a surprising amount of overlap between politics and economics. More about this in a moment.

Greed is the foundation of economics. If no one was greedy (and EVERYONE is), there would not be 'economics', or likely 'politics' either.

There might be a problem with excessive greed, but that opens up another can of worms with just how one defines 'excessive'.

I would recommend 'Prices and Production and Other Works:

ummm me read a whole book mmmmm........

Ok, you don't want to educate yourself by reading? Sorry, but a few moments of video 'sound bites' will not educate you.

Back to the 'overlap' between politics and economics.

The author of the book(s) I suggested you read, F.A. Hayek (Austria & The UK), shared the 1974 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (The 'Nobel Prize in Economics') with Gunnar Myrdal (Sweden):
"for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena."

I've never understood how quantitative easing works, but Trump is talking about "printing money"...

http://www.businessinsider.com/donald-trump-default-print-money-2016-5

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The mind is a weird and mysterious place

The author of the book(s) I suggested you read, F.A. Hayek (Austria & The UK), shared the 1974 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (The 'Nobel Prize in Economics') with Gunnar Myrdal (Sweden):
"for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena."

Hmm. Economic Sciences? What is that?
First of all Alfred Nobel has nothing to do with that prize.
Then it's become handy if you can predict future economical events.
So far none of the economical "scientific laws" has done that.
They only describe what has happened.
Future economical events are like viewing the forecast of weather.

The author of the book(s) I suggested you read, F.A. Hayek (Austria & The UK), shared the 1974 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (The 'Nobel Prize in Economics') with Gunnar Myrdal (Sweden):
"for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena."

Hmm. Economic Sciences? What is that?
First of all Alfred Nobel has nothing to do with that prize.
Then it's become handy if you can predict future economical events.
So far none of the economical "scientific laws" has done that.
They only describe what has happened.
Future economical events are like viewing the forecast of weather.

Well, janneseti, it is YOUR nation's (Sweden) Central Bank that established the prize.

Nothing to do with Alfred Nobel (the person), maybe not... but...
http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/

Ah trending ...
http://gizmodo.com/former-facebook-workers-we-routinely-suppressed-conser-1775461006

Former Facebook Workers: We Routinely Suppressed Conservative News

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Well, janneseti, it is YOUR nation's (Sweden) Central Bank that established the prize.

Hehehe:)
I know that. The prize was established 1968, about 70 years after Nobel died.
There are no mentions in his will about economical prizes and the prize is not taken from the Nobel trust fund.
In "Memory of Alfred Nobel" means that representatives of the human ingenuity, which has paved our way of living, are getting a prize like the Nobel Prize.

Whatever.
A Science Too Human? Economics.
http://www.paecon.net/PAEReview/issue24/Guerrien24.htm

For some reason I think that the Donald has to catch up his knowledge how things works in this world.
I know he likes to see our president:)

The author of the book(s) I suggested you read, F.A. Hayek (Austria & The UK), shared the 1974 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (The 'Nobel Prize in Economics') with Gunnar Myrdal (Sweden):
"for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena."

Hmm. Economic Sciences? What is that?
First of all Alfred Nobel has nothing to do with that prize.
Then it's become handy if you can predict future economical events.
So far none of the economical "scientific laws" has done that.
They only describe what has happened.
Future economical events are like viewing the forecast of weather.

You do a disservice to meteorology.

---

I think you'll find it's a bit more complicated than that ...

The author of the book(s) I suggested you read, F.A. Hayek (Austria & The UK), shared the 1974 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (The 'Nobel Prize in Economics') with Gunnar Myrdal (Sweden):
"for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena."

Hmm. Economic Sciences? What is that?
First of all Alfred Nobel has nothing to do with that prize.
Then it's become handy if you can predict future economical events.
So far none of the economical "scientific laws" has done that.
They only describe what has happened.
Future economical events are like viewing the forecast of weather.

You do a disservice to meteorology.

Warning: This forecast is accurate 70% of the time:
Today will be like yesterday.

---

Well, janneseti, it is YOUR nation's (Sweden) Central Bank that established the prize.

Hehehe:)
I know that. The prize was established 1968, about 70 years after Nobel died.
There are no mentions in his will about economical prizes and the prize is not taken from the Nobel trust fund.
In "Memory of Alfred Nobel" means that representatives of the human ingenuity, which has paved our way of living, are getting a prize like the Nobel Prize.

Whatever.
A Science Too Human? Economics.
http://www.paecon.net/PAEReview/issue24/Guerrien24.htm

For some reason I think that the Donald has to catch up his knowledge how things works in this world.
I know he likes to see our president:)

As far as the definition of economics goes, I prefer the one given by Lionel Robbins in 1932. It is a VERY widely accepted definition.

Lionel Robbins wrote:

Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.

Or, as I am fond of phrasing it, "The science which studies the allocation of scarce resources in human society."

Of course it is one of the 'social sciences' and not one of the 'hard' physical sciences.

As to Trump...

Something tells me that Trump has a MUCH better knowledge of the way things work in this world than you or I or very likely ANYONE else here. Whether or not you or I or anyone else here actually approves of what Trump DOES with that knowledge... That is entirely another matter. I can not answer for you or for anyone else here, but as for myself... No, I do NOT approve.

And, by 'the way things work in this world', I mean human behavior and interactions, not the scientific theories of the physical sciences.

I've never understood how quantitative easing works, but Trump is talking about "printing money"...

printing Money , they issue Bonds ......15th century economics , the government issues the Bonds , it's referred to as printing money

Bad idea as at some point those Bonds will mature and have to be payed back to the holder of such Bonds , can lead to high interest rates and high inflation in the long run

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I've never understood how quantitative easing works, but Trump is talking about "printing money"...

printing Money , they issue Bonds ......15th century economics , the government issues the Bonds , it's referred to as printing money

Bad idea as at some point those Bonds will mature and have to be payed back to the holder of such Bonds , can lead to high interest rates and high inflation in the long run

You don't understand. You don't pay them back. You put up your middle finger and laugh. Just ask Argentina! Or ask Drumpf after his many bankruptcies.

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Just ask Argentina! Or ask Drumpf after his many bankruptcies.

Or the beautiful socialist country known as Greece, or the Commonwealth of Puerto Rico.......you can't spend more than you earn..........period.

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"Sour Grapes make a bitter Whine." <(0)>

The author of the book(s) I suggested you read, F.A. Hayek (Austria & The UK), shared the 1974 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (The 'Nobel Prize in Economics') with Gunnar Myrdal (Sweden):
"for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena."

Hmm. Economic Sciences? What is that?
First of all Alfred Nobel has nothing to do with that prize.
Then it's become handy if you can predict future economical events.
So far none of the economical "scientific laws" has done that.
They only describe what has happened.
Future economical events are like viewing the forecast of weather.

You do a disservice to meteorology.

Warning: This forecast is accurate 70% of the time:
Today will be like yesterday.

Clearly you don't live in Chicago. :-P

Just ask Argentina! Or ask Drumpf after his many bankruptcies.

Or the beautiful socialist country known as Greece, or the Commonwealth of Puerto Rico.......you can't spend more than you earn..........period.

According to the definition you supplied, Greece is not socialist, indeed, to the best of my knowledge, there's no place in the EU that corresponds to "systems of social organization in which the means of producing and distributing goods is owned collectively".

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I think you'll find it's a bit more complicated than that ...