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Economic Royalists -- Let's get nitty gritty here.(26 posts)

Economic Royalists -- Let's get nitty gritty here.OldEdScott
Jun 26, 2003 8:39 AM
Got this on Rush Limbaugh the other day, his black substitute host proposed it, and I think the right wingers here might like the idea.

Instead of one man, one vote, let's say one vote for every dollar in taxes you pay. It's like we're stockholders. The more shares of a company you have, the more votes you get. Paying taxes is like buying stock in America. The more stock you own, the more votes you get.

Makes sense, and given the dewey-eyed love letters to the rich you guys post here with such heart-poinding regularity, I would think this radical new vision of American democracy would appeal to you very much.
hmmmmmSteve_0
Jun 26, 2003 8:57 AM
perhaps then the .0001429 percent of the population which has to carry 1.6% of the tax burden will finally get the break they deserve!!

Flat rate. Only fair way to go.
Land owners...MR_GRUMPY
Jun 26, 2003 9:00 AM
Why not go back to the old law that only allowed land owners to vote. Keep out the lower classes.
How about a poll tax? That would raiseOldEdScott
Jun 26, 2003 9:01 AM
some revenue and keep out the riff raff.
Dont give any ideasjaybird
Jun 26, 2003 9:16 AM
Someone here in the Peoples Republic of Massachussets might actually consider it. Its about the only thing that isnt taxed...
Now who's the straw man?Live Steam
Jun 26, 2003 10:01 AM
I said it below - liberals want the federal government to take care of them and conservatives want the government to provide a safe environment so they can take care of themselves.

Your proposal is a silly gratuitous plow to pit the haves against the have-nots. Where in the Constitution does it say that I have to support you?
It's not my proposal!OldEdScott
Jun 26, 2003 10:11 AM
Read more carefully. It came from Rush Limbaugh's show -- his guest host, the black guy. I'm dead serious.

This is a right wing proposal, put forward on the most listened to radio talk show in America.
I've got a better ideamohair_chair
Jun 26, 2003 10:09 AM
Forget that old class warfare crap. Let's get real. I propose that everyone of working age be guaranteed $100,000, so we can all be rich together. (Pretend making $100K means you are rich, which it may in Peoria.)

Here's how it works. The government will take your current income and subtract it from $100,000. If the number is less than zero, you get nothing, because clearly you are already rich and are entitled to nothing. If the result is greater than zero, the government cuts you a check. Voila! You are rich.

Make $15,000 a year? You're getting $85,000. Make nothing? You're getting the full 100K. No one is left behind. No one wants more. No one envies anyone. We're all one big ecstatically happy rich family living in total harmony. We're flush with cash, so we can all buy Japanese robots to mow our lawns and clean our toilets.

This plan cannot fail, has only positive side effects, and I think we should implement it immediately.
Won't work .Live Steam
Jun 26, 2003 10:16 AM
Someone will always some lame reason why they deserve more!
you are wrongmohair_chair
Jun 26, 2003 10:26 AM
We're all rich! Who could ask for anything more?

Utopia awaits.
It would just cause inflation ...Live Steam
Jun 26, 2003 10:28 AM
so making 100K would be like making 20K. We would be right back where we started from. It's the nature of the beast. No one is ever happy with what they have - broad I know, but I think you get the drift.
such negativitymohair_chair
Jun 26, 2003 10:43 AM
Don't you understand??? We're all rich. Let's do an exercise. Assuming my $100K plan is approved, pick the statement that would best describe you:

1. I was homeless and jobless, but now I'm rich.
2. I was making minimum wage, but now I'm rich.
3. I was doing okay, but now I'm rich.
4. I was rich before, and I'm still rich.

Inflation is meaningless when you are rich. Inflation is for chumps. Economists don't like to talk about this, but the solution to inflation is to be rich.
It should only be that easy, however ...Live Steam
Jun 26, 2003 11:00 AM
when you find out that everyone coming to look to buy your house is rich, the price will go up :O) The guy next door will do the same when he sells his house. The same goes for the guy hawking cars and the guy with TVs and stereos. That's called inflation.
Mohair, you're a genius!!Jon Billheimer
Jun 26, 2003 11:52 AM
I vote for you for Emperor for Life!:)-
yes, and soon we'll all be rich! nmmohair_chair
Jun 26, 2003 1:34 PM
We are all rich...TJeanloz
Jun 27, 2003 6:52 AM
Aside from the poorest 1 or 2 percent in the United States, we are all extrodinarily wealthy in the worldwide context. We also can never have enough - it's societal.

Are we the only society in history with a positive correlation between poverty and obesity?
Ain't that the truth. Step back for perspective and we're all --OldEdScott
Jun 27, 2003 7:12 AM
left, right, rich, 'poor' -- pretty damn spoiled in this country. Except for us country boys -- who, as Hank Jr. said, WILL survive -- we'd all die within the week if we had to live as 99.99999999999999 percent of humans have lived over the course of history, and a huge percentage of humans live on this planet today.
isn't wealth always measured by what someone else has? nmDougSloan
Jun 27, 2003 7:22 AM
funnyDougSloan
Jun 27, 2003 6:55 AM
Sounds like a tongue-in-cheek idea to me. There's a little problem called the Constitution. Somehow, I doubt there would be the votes to passed the needed amendment.

Doug
I would have thought so too, butOldEdScott
Jun 27, 2003 7:09 AM
he pursued it very seriously. Have to admit, so many right wing ideas sound so outlandish to me that I may miss it on those rare occasions they're presented tongue-in-cheek.

If so, it's too bad. I was hopeful the cat was finally out of the bag, and you guys would reveal yourselves as really wanting this, or something like it. It would make my job a lot easier!
nutty, thoughDougSloan
Jun 27, 2003 7:13 AM
While this one might make a decent poly-sci class intellectual exercise, it's so whacky from a practical/political view there is no way to take it seriously. It's about as crazy as proposing to socialize health care. ;-)

Doug
Surely not! nmOldEdScott
Jun 27, 2003 7:19 AM
If paying taxes is like buying stock in Americatorquer
Jun 27, 2003 8:07 AM
lets imagine a fair IPO:

Everybody gets a trust fund (either at birth or at the age of consent) based upon an equal division of the GNP. What they do with that fund determines how successfull they are, and hence how much taxes they owe and how many votes they get.

Of course, to eliminate skewed results from inherited economic advantages, everyone would have to have equal access to education and socialized healthcare (so a childhood disease doesn't condemn a family to a lifetime of poverty). All taxes would also have to be absolutely impartially levied on all forms of income as well.

This also requires a 100% inheritance tax, so admittedly it is no longer a "royalist" scheme. Investment decisions (votes) would be made on the basis of maximum current return so this might have negative environmental impacts. But it would certainly lead to an interesting debate on progressive versus flat tax rates, if voting rights are pegged to taxes paid.

BTW, does that "black substitute host" have a name?
Did a Copernic search and found it:OldEdScott
Jun 27, 2003 8:39 AM
Walter Williams (http://www.gmu.edu/departments/economics/wew/index.html)
Dr. Williams is a nationally syndicated columnist, author, teacher, speaker and social critic. His columns are renowned for their wit, clarity, and hard-hitting anti-statism. He is famous to millions of radio listeners as a popular substitute host on the Rush Limbaugh show. Books include, The State Against Blacks: A Minority Viewpoint; All It Takes is Guts (a collection of his columns); and South Africa: The War Against Capitalism. He's also had numerous articles published in scholarly and popular journals. He has a Ph.D. from the University of California at Los Angeles, and is the John M. Olin Distinguished Professor of Economics at George Mason University, Fairfax, Virginia.
question, EdDougSloan
Jun 27, 2003 8:50 AM
Why did you mention he was black?

Doug
To specify who he was. I figured you guys listenOldEdScott
Jun 27, 2003 8:57 AM
often enough that you'd know who I was talking about. He's a WILD right winger. Nothing sinister.

But if you're accusing me of hidden racism, don't bother. I admit to it. Anyone in America, black or white, who claims to be free of all taint of racism is lying or in denial. The best we can do is work on it.