How I would stimulate the economy, By Phreakwars

[RoyalOrleans]

The real solution is not to have an income tax at all and abolish the IRS.

fairtax.org

Until then, there will be no good time to receive or pay taxes.

 

[hugo]

The real solution is not to have an income tax at all and abolish the IRS.
fairtax.org

Until then, there will be no good time to receive or pay taxes.

From the link;

The FairTax will replace dollar for dollar the current revenues confiscated by the IRS.

That's the only problem I got with it, but it is a good start. Then cut spending and taxes.

 

[RoyalOrleans]

That's the only problem I got with it, but it is a good start. Then cut spending and taxes.

Yes.

We have to start somewhere and anything we can do to shrink government, ie can a bunch of grimey IRS auditors, the better.

 

[jokersarewild]

As it stands, they wouldn't even have to move the tax due date. They could just delay giving us our refunds. That would be the same as what you're proposing in the first post, would it not?

 

[phreakwars]

Yes, that would also be similar. I mean if they can coordinate a date period for mass mailing stimulus checks, then surely they can coordinate this in the same way to distribute tax rebates... or is this too socialist? What would be the downside?

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[jokersarewild]

I honestly think it would screw the economy because stores currently expect large amounts of money coming their way between May and June/July.

Then when they don't...they get screwed royally. So I'm willing to bet that would hurt our economy more than help it. That, and if you think about it, you're getting your tax refund to replenish the debt you went into in the holiday season. People would go into the same amount of debt with your plan, but just buy cooler . However, that would the citizenry in the long run, because then they can't get out of their debt (people are too stupid to spend within their means), so they'd just get boned.

 

[ImWithStupid]

Then when they don't...they get screwed royally. So I'm willing to bet that would hurt our economy more than help it. That, and if you think about it, you're getting your tax refund to replenish the debt you went into in the holiday season. People would go into the same amount of debt with your plan, but just buy cooler . However, that would the citizenry in the long run, because then they can't get out of their debt (people are too stupid to spend within their means), so they'd just get boned.

Actually I'm fairly confident it would be the taxpayer who would get "boned" when people spend beyond their means. I'm sure the federal government would bail them out, like the idiots who work at someplace like Kinko's for $8 per hour, and goes and buys a $300,000 house. After all the US isn't the land of opportunity anymore, it's the land of "no personal responsibility".

 

[jokersarewild]

I was actually talking about the taxpayers, IWS. They are generally the same people as the citizenry. And yeah, I wish I could afford a 300k house on 8 an hour. If only math worked that way. sigh

 

[RoyalOrleans]

I was actually talking about the taxpayers, IWS. They are generally the same people as the citizenry. And yeah, I wish I could afford a 300k house on 8 an hour. If only math worked that way. sigh

Message to the up and coming workforce:

If you make eight dollars an hour for more than six months, it's time to take a long hard look at your life and makes some changes.

 

[snafu]

Message to the up and coming workforce:
If you make eight dollars an hour for more than six months, it's time to take a long hard look at your life and makes some changes.

Hehehe.. Hay I'll give you my daughters phone number and maybe you can try and get this across to her better than I can.

 

[big kitty]

I was going to say something clever like instead of giving 700 billion dollars to bail out failed buisness, split the money and give everyone in America a real sitmulus check. But I am not going that route instead I think we should all just start selling our virginity. We'd make a killing in the market place. Oh wait Dammit I forgot I gave mine away for free......

 

[ImWithStupid]

With a feather.