[Ockham's Razor]

Originally posted by Roguish Lawyer
We do not tax these things now. You pay taxes on an investment when you realize a gain. You want to take a percentage of people's savings accounts and investment holdings? Commie.

ooooh you called me the "C" word. You are not understanding this at all. You want a system whereby all people can hand down wealth from generation to generation with zero taxation under the flat tax, I do not. I'm not talking about raiding people's accounts or holdings, simply making sure the system that is in place stays in place. Hell yes it needs reforms, though it should not be abolished. You are talking about taxing payroll and not anything else, this will generate huge shortfalls in our monetary needs.



Yes, they would avoid paying taxes by doing this kind of stuff. You've already demonstrated this to be true.


Fine, where would they put their money? The Euro? Seems as if they are already doing that now.

I would not tax capital gains at all.


Then you would wind up with a gaping whole that is called a budget deficit. Has not the tax cut proven this to ANYONE? Do you realise how much money the government has not taken in because of just such thinking? We need that money to sustain our government. Unless you are ok with our continuation to print paper debt that is passed on to future generations. Eventually, someone, somewhere is going to have to pay that back.

Bad example. Not a pure socialist country.

http://www.cia.gov/cia/publications/...k/geos/ic.html

Sweden? Norway? Denmark? What more Socialist do you want?