Post
Topic
Board Speculation
Re: Bitcoin Rally - Bill in Congress to treat Bitcoin as Currency
by
JimboToronto
on 15/04/2014, 23:26:37 UTC
This bullshit that we all need to pay our 15% taxes is bullshit. what we need is a government that has power to take money from the multinational corporations, and spend that money efficiently.

Amen.

As a Canadian I won't comment on American tax matters but here in my country, I find the income tax situation disgusting.

When personal income taxes were introduced during World War I, they were considered an emergency war measure, not a permanent means of bleeding the populace. Somewhere along the way they seem to have been accepted as an alternative to more ethical forms of taxation such as corporate taxes, estate taxes and luxury taxes.

To add insult to injury, many corporations now actually receive tax credits, i.e. welfare payments with the burden placed on anyone who's productive and non-corporate. Punishing productivity is evil beyond words.

The end result is that the working middle class  carries the biggest load, while the non-productive poor and rich get a free ride through welfare payments and tax credits respectively. This is just so wrong.

Only corporations should pay income taxes. The only personal income taxes should be on capital gains and dividends, never on wages or profits.

*** End of rant***