Radical Ideas That Would Better The Country

[Professor Emeritus]

Hello avoiding double taxation

"Double taxation" is just a catch phrase by the wealthy to defend zero taxation. Many assets passed down by the wealthy to their descendents haven't even been taxed once yet, much less twice.

If I'm a regular person and earn income it's taxed, then I buy something with that money it's taxed again. Heck, even federal and state and SS taxes on my income is triple taxation. Or sales tax and gas tax on the same gas, or tariffs and sales tax on the same shipped item, etc. Lots of stuff is taxed mutiple times, there's no reason an estate should be any different.

 

[NkrumahWasRight Is Wrong]

i didn't even call out the stupidity of no stock market because i didn't see it...what does my 401k have to do with you wanting to eliminate estate taxes, something that would 100% benefit the wealthy? i also have no idea what decriminalizing cigarettes means - they are legal, wtf....you have terrible ideas in there

Use some critical thinking

That would mean banning them and then possession or sale of cigarettes would be a fine

 

[Professor Emeritus]

Eliminate property tax for homeowners.

And elevate taxes for non-homeowners.

Legalize all drugs

Oregon well on the way already.

Give all politicians a set, taxpayer funded budget for campaigns and outlaw private campaign fundraising.

Amen, but conservative Supreme Court already blocked this.

Outlaw corporate lobbying.

Amen, but conservative Supreme Court would never allow.

All patents expire after 10 years. Intellectual property rights expire upon the death of the creator.

Yeah, this is a HUGE one. It's just stupid to see intellectual property rights being held 70+ years after the death of the person who made it just so descendants he/she never even met can profit.

I would be happy with intellectual property rights sunsetting 25 or 30 years after creation regardless of whether the creator has died or not. Move on, if the shyt you created has any value then you've already milked it for decades, let the rest of the world work with it now.

Ban foreigners from land ownership. Convert to 100 yr leases like other countries

I think if we set limits on private ownership we could make it a non-issue. Rich Americans buying up land from out-of-state create the same problems as rich foreigners buying up land from out-of-country. Just make a hard limit on how much land one can own, on how many residences one can own, and tax the fukk out of anything other than a primary residence.

 

[NkrumahWasRight Is Wrong]

"Double taxation" is just a catch phrase by the wealthy to defend zero taxation. Many assets passed down by the wealthy to their descendents haven't even been taxed once yet, much less twice.

If I'm a regular person and earn income it's taxed, then I buy something with that money it's taxed again. Heck, even federal and state and SS taxes on my income is triple taxation. Or sales tax and gas tax on the same gas, or tariffs and sales tax on the same shipped item, etc. Lots of stuff is taxed mutiple times, there's no reason an estate should be any different.

Yeah and all that taxing is ludicrous

So someone dies and it's taxed..but if they live and gift it via trust and other methods it's okay by current standards. Death is traumatic and having the state swoop in like vultures is pathetic. Find a better way to tax while people are alive.

 

[NkrumahWasRight Is Wrong]

If the only way to get the mega wealthy money is to wait until they die then that's a problem seeing as though they live for eons.

The estate tax being some sort bastion of tax righteousness for the left is stupid. Its lazy, silly and ironic as the last act the state will do to a person is tax them

 

[Professor Emeritus]

Modernize the entire constitution

I don't think we'll even be able to amend the Constitution again considering how idiots have polarized our process.

Mandate sustainability & environmental protection practices for all adults

Yeah, something needs to be done ASAP or we're fukked.

Stop funding/ participating in foreign wars..only get involved in humanitarian efforts

100

Punish corporate greed the same way as theft but on a much larger scale

Absolutely. People's tolerance for White Collar crime is wild. Even when the corporate actions cause death, they usually just pay a fine.

Civil penalties on corporations and government entities have little impact because the person who committed the offense never has to pay that shyt out of their own pocket. There need to be CRIMINAL penalties for that stuff that apply to the INDIVIDUALS responsible.

 

[Professor Emeritus]

Yeah and all that taxing is ludicrous

So someone dies and it's taxed..but if they live and gift it via trust and other methods it's okay by current standards. Death is traumatic and having the state swoop in like vultures is pathetic. Find a better way to tax while people are alive.

They're not taxed because they're dead, they're taxed because they transfered the money to a new person who had nothing to do with making it. If they had transferred the money to that person while alive then even more would have gotten taxed. If they don't want it to be taxed then donate it to charity upon death and it won't be.

If you want to address wealth inequality or the racial wealth gap, then closing loopholes in the Estate Tax would be one of the purest ways to do it.

Its lazy, silly and ironic as the last act the state will do to a person is tax them

But that dead person isn't taxed. Like I said, if they donated the money to charity in their will then no taxes would be taken out at all.

The NEW person who gets the windfall is the one who is taxed. The tax only hits if the money is transferred to a new individual. Just like if they had recieved a gift of that size.

 

[NkrumahWasRight Is Wrong]

They're not taxed because they're dead, they're taxed because they transfered the money to a new person who had nothing to do with making it. If they had transferred the money to that person while alive then even more would have gotten taxed. If they don't want it to be taxed then donate it to charity upon death and it won't be.

If you want to address wealth inequality or the racial wealth gap, then closing loopholes in the Estate Tax would be one of the purest ways to do it.

Are western union transfers to 3rd world countries taxed a

 

[NkrumahWasRight Is Wrong]

Anyway I think the world would be a better place without stock markets. I proposed on here many years ago a FTT but now I'm kinda just like let's get rid of it altogether and starve these a$$holes out

It's hard to envision a world without it but I'd wager it would be a more just world

 

[Professor Emeritus]

Are western union transfers to 3rd world countries taxed a

Yes, they're taxed the same way any gift is taxed whether in the country or outside. There's a large exclusion on gift taxes ($15,000), but it's far smaller than the exclusion on estate taxes ($12.92 million).

Estate taxes literally only apply to people who are passing down over $13 million. It's the weirdest thing to get worked up about considering the tiny % of ultra-rich people it impacts.

 

[NkrumahWasRight Is Wrong]

Yes, they're taxed the same way any gift is taxed whether in the country or outside. There's a large exclusion on gift taxes ($15,000), but it's far smaller than the exclusion on estate taxes ($12.92 million).

Estate taxes literally only apply to people who are passing down over $13 million. It's the weirdest thing to get worked up about considering the tiny % of ultra-rich people it impacts.

Im not worked up about it. I just think on logical principle it's stupid. Itd be a whole lot easier to get rid of all gifting and estate taxes and have the recipient declare it as income.

 

[Professor Emeritus]

One that got mentioned a lot around 2008-2010 but didn't get picked up because Wall Street runs both parties:


Institute a universal Financial Transactions Tax. Nice and small, say 1% or something. Every time a financial asset is flipped (stock sale, bond sale, currency speculation, crypto, etc.), it's taxed on the amount sold regardless of profit/loss.


The biggest sector in the economy now is people making money off of economic rents - transations that don't actually contribute anything or create a product, but simply attempt to profit off of inefficiencies in the system, market manipulation, and the advantages of owning tons of capital. You start taxing all those unnecessary transactions and suddenly they'll have to limit themselves to waiting for actually profitable opportunities that make sense instead of trying to game fluctuations on a day-to-day basis.


If someone wanted to invest in a stock that they think will bring a real profit over a few years, if they want to buy some crypto and then HODL, then the one-time 1% tax will be miniscule compared to the gains they're working for. The 1% only impacts the people who are trying to constantly flip shyt and gamble and who thereby introduce a lot of the fluctuations and problems in the system that fukk other people over.

 

[NkrumahWasRight Is Wrong]

One that got mentioned a lot around 2008-2010 but didn't get picked up because Wall Street runs both parties:


Institute a universal Financial Transactions Tax. Nice and small, say 1% or something. Every time a financial asset is flipped (stock sale, bond sale, currency speculation, crypto, etc.), it's taxed on the amount sold regardless of profit/loss.


The biggest sector in the economy now is people making money off of economic rents - transations that don't actually contribute anything or create a product, but simply attempt to profit off of inefficiencies in the system, market manipulation, and the advantages of owning tons of capital. You start taxing all those unnecessary transactions and suddenly they'll have to limit themselves to waiting for actually profitable opportunities that make sense instead of trying to game fluctuations on a day-to-day basis.


If someone wanted to invest in a stock that they think will bring a real profit over a few years, if they want to buy some crypto and then HODL, then the one-time 1% tax will be miniscule compared to the gains they're working for. The 1% only impacts the people who are trying to constantly flip shyt and gamble and who thereby introduce a lot of the fluctuations and problems in the system that fukk other people over.

I just said FTT made a thread on it here years ago

 

[NkrumahWasRight Is Wrong]

@Rhakim

How about a Financial Transaction Tax?

Would this be a good idea finance/economic heads? Ive been thinking about this a while, and did a little research. Ive heard varying proposals, but according to one source, even a tax of one half of one percent would amount to $350 billion dollars a year. Im not a guru or anything on the...

www.thecoli.com

2014

 

[88m3]

libertarians