but seek Jesus he will sooth your soul
but seek Jesus he will sooth your soul
Anti - democracy advocate, "Mixed Government is the only GOOD government"
"A republican form of government is the highest form of government"
An Enlightened Master is ideal only if your goal is to become a Benighted Slave. -- Robert Anton Wilson
Top 1% pays 25% of income
1% to 10% bracket pays 17%
11% to 20% pays 13%
21% to 30% pays 11%
and so forth
Apply the table to all income making entities - individuals, families, businesses.
Government investment in the 1860's tied the nation together and enabled a coast to coast economy to grow. Sounds something like thisAfter years of study, argument and lobbying by influential people such as Theodore Judah as to where the "eastern" terminus would be and how the cost of construction would be paid the construction and operation of a transcontinental line was authorized by the Pacific Railroad Acts of 1862 and the even more generous act of 1864 during the American Civil War when southern Democratic opposition in the Congress to the central route near the 42 parallel was absent. Other railroads were also authorized under much the same terms. Two railroad companies, the Union Pacific Railroad and Central Pacific Railroad, were chosen for the first transcontinental railroad and supported by 30-year U.S. guaranteed government bonds (at 6% interest). The bonds were to be issued at $16,000/mile for track laid at level grade, $32,000/mile for track laid in foothills and $48,000/mile for track laid in mountains. In addition, a 400 feet (120 m) right-of-way grant and land needed for all sidings, stations, rail yards, maintenance stations, etc. on which to build the railroad were granted. Extensive land grants of alternate sections of government-owned lands along the tracks for 10 miles (16 km) on both sides of the track--6,400 acres (2,600 ha) per mile (1.6 km) of track were granted. Grants were not allowed or given in cities or at rivers or on non-government property. While some of this land had potentially exploitable minerals, was good farm or forest land, and quite valuable, much of it was essentially valueless desert. Provisions in the Pacific Railroad Acts were made for the telegraph companies, who had just completed the First Transcontinental Telegraph in 1861, to combine their lines with the Railroad's telegraph lines as they were built. Railroad allocated land not sold in three years was to be sold at the same government price homesteads were sold at, $1.25 per 1 acre (0.40 ha) if there were any buyers. If the bonds were not repaid all remaining railroad property, including trains and tracks, were to revert to the U.S. government for disposal—they were all repaid with interest.
Our problem is that we have not had guiding economic vision for decades so our spending is not targeted. We are simply throwing money at every social problem and perceived security problem that we can imagine and praying that those receiving the money will spend it in a way that stimulates new economy.The Interstate Highway Act literally brought Americans closer together. We were connected city-to-city, town-to-town, family-to-family, as we had never been before. That law did more to bring Americans together than any other law this century – President Clinton
I wrote the essay “Certainty” seeking to identify very basic broad taxation principles that have consensus support in America so that we can have a foundation of agreement that we can build upon to eliminate the divisive politics built into the existing system through simplification. I believe that two of the foundation elements are that the core of our revenue raising system should be tax on income generating activities and the tax rate table should be progressive. We certainly have no consensus on thresholds, progression formula, definition of taxable entities other than individuals, whether some activities should be tax exempt, etc. But, I am convinced a group of committed individuals can treat this as a social design problem and arrive at a unifying solution that is better than our current polarizing law.
All true, but poor people would purchase much less then the rich and therefore pay less taxes. I believe the reason why the rich that run this country prefer income taxes is because that way the tax is directly identified by the person and if we went to a sales tax all the tax loopholes, deductions and exemptions would not be so easy to apply.