Taxes!

[bubba99]

IMPORT Tax, or Tariff.

In 1789 the U.S. did not need income taxes because all was paid for with tariffs on imports.
America’s strength is consumption. Unless we are willing to compete for $1.00/hour manufacturing jobs, we must go with our strength – consumption. Add $1,000/container import duty and kill all the other taxes.
Yes, other countries will also add tariffs, but we are a net importer and need to offset Chinas currency manipulation.

[briansd1]

[quote=StaunchLibertarian]I’d be in favor of a 35% federal tax on house purchases. That would help the housing market correct right quick.[/quote]

High transfer taxes do affect the housing market. We got it pretty good in San Diego. The transfer tax in San Diego 0.11%. In Philadelphia, it’s 4%. Huge difference.

[briansd1]

[quote=StaunchLibertarian]I’d be in favor of a 35% federal tax on house purchases. That would help the housing market correct right quick.[/quote]

High transfer taxes do affect the housing market. We got it pretty good in San Diego. The transfer tax in San Diego 0.11%. In Philadelphia, it’s 4%. Huge difference.

[briansd1]

[quote=StaunchLibertarian]I’d be in favor of a 35% federal tax on house purchases. That would help the housing market correct right quick.[/quote]

High transfer taxes do affect the housing market. We got it pretty good in San Diego. The transfer tax in San Diego 0.11%. In Philadelphia, it’s 4%. Huge difference.

[briansd1]

[quote=StaunchLibertarian]I’d be in favor of a 35% federal tax on house purchases. That would help the housing market correct right quick.[/quote]

High transfer taxes do affect the housing market. We got it pretty good in San Diego. The transfer tax in San Diego 0.11%. In Philadelphia, it’s 4%. Huge difference.

[briansd1]

[quote=StaunchLibertarian]I’d be in favor of a 35% federal tax on house purchases. That would help the housing market correct right quick.[/quote]

High transfer taxes do affect the housing market. We got it pretty good in San Diego. The transfer tax in San Diego 0.11%. In Philadelphia, it’s 4%. Huge difference.

[swave]

Investing should be encouraged, but gambling should not be. A variable tax rate on capital gains would have this affect. From 99% tax rate on trades made in seconds or minutes to 0% on investments that last 50 years.

[swave]

Investing should be encouraged, but gambling should not be. A variable tax rate on capital gains would have this affect. From 99% tax rate on trades made in seconds or minutes to 0% on investments that last 50 years.

[swave]

Investing should be encouraged, but gambling should not be. A variable tax rate on capital gains would have this affect. From 99% tax rate on trades made in seconds or minutes to 0% on investments that last 50 years.

[swave]

Investing should be encouraged, but gambling should not be. A variable tax rate on capital gains would have this affect. From 99% tax rate on trades made in seconds or minutes to 0% on investments that last 50 years.

[swave]

Investing should be encouraged, but gambling should not be. A variable tax rate on capital gains would have this affect. From 99% tax rate on trades made in seconds or minutes to 0% on investments that last 50 years.

[jstoesz]

[quote=swave]Investing should be encouraged, but gambling should not be. A variable tax rate on capital gains would have this affect. From 99% tax rate on trades made in seconds or minutes to 0% on investments that last 50 years.[/quote]

I have thought about this very hard, but this strikes me as a solution which would result in severe market imbalances. Its ripe for unintended consequences. For example, arbitrage trading is something that has problems but also has a valid place in the market.

[jstoesz]

[quote=swave]Investing should be encouraged, but gambling should not be. A variable tax rate on capital gains would have this affect. From 99% tax rate on trades made in seconds or minutes to 0% on investments that last 50 years.[/quote]

I have thought about this very hard, but this strikes me as a solution which would result in severe market imbalances. Its ripe for unintended consequences. For example, arbitrage trading is something that has problems but also has a valid place in the market.

[jstoesz]

[quote=swave]Investing should be encouraged, but gambling should not be. A variable tax rate on capital gains would have this affect. From 99% tax rate on trades made in seconds or minutes to 0% on investments that last 50 years.[/quote]

I have thought about this very hard, but this strikes me as a solution which would result in severe market imbalances. Its ripe for unintended consequences. For example, arbitrage trading is something that has problems but also has a valid place in the market.

[jstoesz]

[quote=swave]Investing should be encouraged, but gambling should not be. A variable tax rate on capital gains would have this affect. From 99% tax rate on trades made in seconds or minutes to 0% on investments that last 50 years.[/quote]

I have thought about this very hard, but this strikes me as a solution which would result in severe market imbalances. Its ripe for unintended consequences. For example, arbitrage trading is something that has problems but also has a valid place in the market.

[Author]

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