Like Tree0Likes

Proposed tax reforms could cripple industry

Reply
Old 03-11-2006, 01:35 PM
  #11
Registered
 
dean51267's Avatar
 
Join Date: Jan 2005
Location: Paducah, KY
My Boats: 93 Profile, 31', twins
Posts: 4,601
Default Re: Proposed tax reforms could cripple industry

Guys, this whole debate of "fair" tax, or "flat" tax is mental masurrbation. Feels good, till you figured your screwed yourself.

The problem is excess spending, plain and simple, all these circle jerk ideas of how to make it better, but do not attack that single issue, are waste of electronic ink.

Our current system is as "fair" as any that exist, the prblem is not the tax SYSTEM, it is the tax RATE.

Cut all tax rates in half and no one cares about how it is calculated....
dean51267 is offline  
Reply With Quote
Old 03-11-2006, 03:37 PM
  #12
Registered
 
Join Date: Apr 2005
Location: WA
My Boats: not shopping
Posts: 2,430
Default Re: Proposed tax reforms could cripple industry

Quote:
Originally Posted by dean51267
Guys, this whole debate of "fair" tax, or "flat" tax is mental masurrbation. Feels good, till you figured your screwed yourself.

The problem is excess spending, plain and simple, all these circle jerk ideas of how to make it better, but do not attack that single issue, are waste of electronic ink.

Our current system is as "fair" as any that exist, the prblem is not the tax SYSTEM, it is the tax RATE.

Cut all tax rates in half and no one cares about how it is calculated....
The government is not going to cut rates anytime soon. The fact they are cutting write offs means they need more of our money not less. The excess spending leads to debt, however, the effects of this debt; will be felt by all of us in the form of inflation, higher interest rates, and a weakened U.S economy. It's 1977 again and this time I'm old enough to have capital and take advantage of Gold!!!!
Zudnic is offline  
Reply With Quote
Old 03-11-2006, 06:45 PM
  #13
Registered
 
dean51267's Avatar
 
Join Date: Jan 2005
Location: Paducah, KY
My Boats: 93 Profile, 31', twins
Posts: 4,601
Default Re: Proposed tax reforms could cripple industry

Quote:
Originally Posted by Zudnic
The government is not going to cut rates anytime soon. The fact they are cutting write offs means they need more of our money not less. The excess spending leads to debt, however, the effects of this debt; will be felt by all of us in the form of inflation, higher interest rates, and a weakened U.S economy. It's 1977 again and this time I'm old enough to have capital and take advantage of Gold!!!!

The gooberment needs NOTHING, the PEOPLE it governs need things, and I would say the FIRST thing they need is more money in their pockets in exchange for less goobernment spending on needless crap society would not fund if left alone....
dean51267 is offline  
Reply With Quote
Old 03-11-2006, 08:24 PM
  #14
Registered
 
Join Date: Apr 2005
Location: WA
My Boats: not shopping
Posts: 2,430
Default Re: Proposed tax reforms could cripple industry

Quote:
Originally Posted by dean51267
The gooberment needs NOTHING, the PEOPLE it governs need things, and I would say the FIRST thing they need is more money in their pockets in exchange for less goobernment spending on needless crap society would not fund if left alone....
If the gooberment needs nothing, why are they spending like crazy? The government is growing simply as a vessel for the redistribution of wealth, under Greenspan debt became wealth! Inflation is on the rise and to fight it the money supply must be tightned and interest rates raised.

7% by summer I'm betting and that means boats to finance are going to become more expensive. Housing market as well will take a hit.
Zudnic is offline  
Reply With Quote
Old 03-11-2006, 09:14 PM
  #15
Registered
 
dean51267's Avatar
 
Join Date: Jan 2005
Location: Paducah, KY
My Boats: 93 Profile, 31', twins
Posts: 4,601
Default Re: Proposed tax reforms could cripple industry

Quote:
Originally Posted by Zudnic
If the gooberment needs nothing, why are they spending like crazy? The government is growing simply as a vessel for the redistribution of wealth, under Greenspan debt became wealth! Inflation is on the rise and to fight it the money supply must be tightned and interest rates raised.

7% by summer I'm betting and that means boats to finance are going to become more expensive. Housing market as well will take a hit.

They spend because we, the people, do not understand government CAN NOT give anything to anyone, it must take from one and give to another.

I am not sure I follow that "debt became wealth".

Inflation is on the rise because the economy is booming, the feds have said recession is preferable to inflation, not sure I agree, but I understand the program.

If interest rates continue to climb it will be because the economy continues to grow creating wealth leaving more and more money to purchase boats and luxury homes. Remember, interest rate increases come AFTER a run up in the purchases of boats and homes, it does not preceed it.
dean51267 is offline  
Reply With Quote
Old 03-11-2006, 11:10 PM
  #16
Registered
 
Join Date: Apr 2005
Location: WA
My Boats: not shopping
Posts: 2,430
Default Re: Proposed tax reforms could cripple industry

Quote:
Originally Posted by dean51267
They spend because we, the people, do not understand government CAN NOT give anything to anyone, it must take from one and give to another.

I am not sure I follow that "debt became wealth".
The whole purpose of tax cuts and lower rates of interest was so people could keep and get more money to spend. With the low rates the money spent was borrowed money, hence debt has become wealth.


Quote:
Originally Posted by dean51267
Inflation is on the rise because the economy is booming, the feds have said recession is preferable to inflation, not sure I agree, but I understand the program.
Recession is inflationary.... It's inflation is preferable to deflation....

Quote:
Originally Posted by dean51267
If interest rates continue to climb it will be because the economy continues to grow creating wealth leaving more and more money to purchase boats and luxury homes. Remember, interest rate increases come AFTER a run up in the purchases of boats and homes, it does not preceed it
Interest rates are going up because a dollar is worth less. So if your dollars are worth less and your earning the same wage are you going to pay a higher interest rate and give up more of your dollars to buy a house, car, or boat? Than tack on this bill and the price of fuel pushes your overall cost of ownership up are you still going to buy the boat?

Inflation is not caused by pressure for wage increases, it is not caused by rising oil prices, it is not caused by consumer demand, it is not caused by attempts by suppliers to raise their prices; it is always and everywhere related to governments printing money. When they print more than demand the value decreases.
Zudnic is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Donzi Corleone
General Boating Discussion
1
09-14-2002 07:39 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 05:16 PM.


Copyright 2011 OffShoreOnly. All rights reserved.