Sunday, January 27, 2008

Your Rebate Check

What are you going to do with your rebate check? I know that I will have the opportunity to look directly at it for a moment before my Lady Love snatches and does something responsible with it like pay down a bill or some such nonsense. I imagine that many of you out there in radio land are in the same situation as I am in that regard.

An interesting point of discussion that I would like to hear your opinions on. The government has determined that giving us a "rebate check" will stimulate the economy. If this is true does it not go to reason that taxing us in the first place interferes with the economy? Perhaps we could have a grand experiment in this country and suspend on personal taxes for the a period of one year. I wonder what that would do for the country's economy? Of course I am one of those nuts that doesn't believe that it would amount to much as we are working with a fiat currency. I would like to see a return to a true objective value (gold standard - gold coins - real money) that is not tied to a government but to the market itself.

Opinions? Comments?

Brandt

8 comments:

Anonymous said...

I'll start by tithing 10% to my church. After that, I don't know.

As for reworking the economy, good luck. As a country, we're so in debt, foreign countries own so much of us, and we have a government machine that Joe Sixpack could never hope to derail. I'd love to hear solutions, but I seriously doubt anything will help until the average citizen realizes the true state of things.

Anonymous said...

Several states, including the State of Michigan, have been looking into eliminating the State income tax (Michigan has even been considering getting rid of property taxes). I also believe there is a Republican (can't recall the name at this moment) that is in favor of getting rid of the national income tax.

I think it's pretty safe to say that more and more lawmakers are starting to realize that income tax only hurts the people and the economy. Unless you're rich and in which case every tax law is generally written in your favor.

With taxes and the messed up economy, along with inflation, it is only a matter of time until there is only an upper and lower class because the middle class will be eliminated.

Here's another thing, the government can stop making me pay social security since by the time I am able to retire there probably won't be any money left for me to collect because of all the dead beats claiming disability because they're too stupid from all the dope they smoked or because the parent(s) didn't beat the kids ass when they really needed it (CPS was probably created by hippies). Ok, I guess I'll stop ranting for now.

Tony said...

"I also believe there is a Republican (can't recall the name at this moment) that is in favor of getting rid of the national income tax."
Mike Huckabee is in favor of the fair tax proposal and Ron Paul is also in favor or getting rid of the income tax.

"Unless you're rich and in which case every tax law is generally written in your favor."
I really hope your kidding...
Once your income surpasses $400,000 or so you lose almost all of your deductions and exemptions. The tax code is very favorable for those in the lower income brackets.

Al said...

I here a lot of people (not people on this board per-say) talk about emilinating all taxes. I don't mind paying my fair share, as long as everyone is doing the same. I do not live in a state with income tax, this may be the difference in my thinking. But last year we needed to build a fire station inmy little burg, to do this there was a proposal to increase the sales cents by one penny for 5 years. The roar of objections was deafening. Everyone was threatening to shop outside the taxing district. These are the same people who will complain to the hieghts of power if it takes the firefighters a little longer to respond to their needs. I guess my point is, we in America have no problem expecting it all, we just don't want to pay for it.

Tony said...

Al,
I understand where your coming from, but there is a big difference between paying for a fire station on the local level and some politicians pet project on the national level. I have no problem with taxes in general, just with the income tax and the way the federal government spends taxes.
Tony

Anonymous said...

I plan to use my rebate check to stimulate the economy by getting some hookers.

John Galt said...

What ever blows your hair back.

This is a good topic for discussion that does illustrate some of the problems in our society. Why is it that prostitution is illegal? On what moral grounds have we made it illegal?

Brandt

Tony said...

When once the woman has tempted us, and we have tasted the forbidden fruit, there is no such thing as checking our appetites, whatever the consequences may be.

Bro. George Washington, letter to Mrs. Richard Stockton, Sep. 2, 1783