Home › Forums › Financial Markets/Economics › Roth IRA vs Traditional
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an.
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April 26, 2010 at 9:06 PM #545015April 26, 2010 at 9:10 PM #544061
PatentGuy
ParticipantJust my opinion, but given the Class Envy Entitlement sensibility that prevails in our country, no way they will replace the income tax with a VAT. They will supplement the income tax with a VAT, but not get rid of the income tax, at least not on “the wealthy”. Far from it. If you are perceived as “rich” you will be demonized and targeted to have your income confiscated and redistributed. It’s only fair. Or social justice. Or whatever. (Sorry if I am channeling Brian).
There will be VAT refunds for the “poor” just like there is the “earned” income tax credit in the current income tax system for redistribution purposes.
Just my opinion.
April 26, 2010 at 9:10 PM #544177PatentGuy
ParticipantJust my opinion, but given the Class Envy Entitlement sensibility that prevails in our country, no way they will replace the income tax with a VAT. They will supplement the income tax with a VAT, but not get rid of the income tax, at least not on “the wealthy”. Far from it. If you are perceived as “rich” you will be demonized and targeted to have your income confiscated and redistributed. It’s only fair. Or social justice. Or whatever. (Sorry if I am channeling Brian).
There will be VAT refunds for the “poor” just like there is the “earned” income tax credit in the current income tax system for redistribution purposes.
Just my opinion.
April 26, 2010 at 9:10 PM #544651PatentGuy
ParticipantJust my opinion, but given the Class Envy Entitlement sensibility that prevails in our country, no way they will replace the income tax with a VAT. They will supplement the income tax with a VAT, but not get rid of the income tax, at least not on “the wealthy”. Far from it. If you are perceived as “rich” you will be demonized and targeted to have your income confiscated and redistributed. It’s only fair. Or social justice. Or whatever. (Sorry if I am channeling Brian).
There will be VAT refunds for the “poor” just like there is the “earned” income tax credit in the current income tax system for redistribution purposes.
Just my opinion.
April 26, 2010 at 9:10 PM #544747PatentGuy
ParticipantJust my opinion, but given the Class Envy Entitlement sensibility that prevails in our country, no way they will replace the income tax with a VAT. They will supplement the income tax with a VAT, but not get rid of the income tax, at least not on “the wealthy”. Far from it. If you are perceived as “rich” you will be demonized and targeted to have your income confiscated and redistributed. It’s only fair. Or social justice. Or whatever. (Sorry if I am channeling Brian).
There will be VAT refunds for the “poor” just like there is the “earned” income tax credit in the current income tax system for redistribution purposes.
Just my opinion.
April 26, 2010 at 9:10 PM #545020PatentGuy
ParticipantJust my opinion, but given the Class Envy Entitlement sensibility that prevails in our country, no way they will replace the income tax with a VAT. They will supplement the income tax with a VAT, but not get rid of the income tax, at least not on “the wealthy”. Far from it. If you are perceived as “rich” you will be demonized and targeted to have your income confiscated and redistributed. It’s only fair. Or social justice. Or whatever. (Sorry if I am channeling Brian).
There will be VAT refunds for the “poor” just like there is the “earned” income tax credit in the current income tax system for redistribution purposes.
Just my opinion.
April 27, 2010 at 7:30 PM #544265bob2007
ParticipantPatentGuy, I agree with you, and so does the history of government taxation.
April 27, 2010 at 7:30 PM #544380bob2007
ParticipantPatentGuy, I agree with you, and so does the history of government taxation.
April 27, 2010 at 7:30 PM #544856bob2007
ParticipantPatentGuy, I agree with you, and so does the history of government taxation.
April 27, 2010 at 7:30 PM #544952bob2007
ParticipantPatentGuy, I agree with you, and so does the history of government taxation.
April 27, 2010 at 7:30 PM #545225bob2007
ParticipantPatentGuy, I agree with you, and so does the history of government taxation.
April 27, 2010 at 10:44 PM #544364PatentGuy
Participantthe 4th law of thermodynamics states that government is ever-expanding, and that taxes to pay for the ever-expanding government are ever increasing.
April 27, 2010 at 10:44 PM #544479PatentGuy
Participantthe 4th law of thermodynamics states that government is ever-expanding, and that taxes to pay for the ever-expanding government are ever increasing.
April 27, 2010 at 10:44 PM #544956PatentGuy
Participantthe 4th law of thermodynamics states that government is ever-expanding, and that taxes to pay for the ever-expanding government are ever increasing.
April 27, 2010 at 10:44 PM #545052PatentGuy
Participantthe 4th law of thermodynamics states that government is ever-expanding, and that taxes to pay for the ever-expanding government are ever increasing.
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