Australian Politics Forum - transaction tax

John Smith

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Re: transaction tax
Reply #75 - May 6^th, 2022 at 9:01pm

freediver wrote on May 6^th, 2022 at 8:18pm:

You are impervious to logic.

Why don't you try something new and use some logic. Then we can see if I'm impervious or not

freediver wrote on May 6^th, 2022 at 8:18pm:

Do you think companies would reduce their tax bill under your idiotic transaction tax idea by vertically integrating, or achieving something equivalent with creative accounting?

Do you think companies don't reduce their tax bills under our current system?

You're a typical neoliberal ... one rule for your cockamamie schemes and another for anything else.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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freediver Gold Member Offline www.ozpolitic.com Posts: 47531 At my desk.	Re: transaction tax Reply #76 - May 6^th, 2022 at 9:38pm That's not an answer John. Do you think companies would reduce their tax bill under your idiotic transaction tax idea by vertically integrating, or achieving something equivalent with creative accounting?
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John Smith Gold Member Offline Australian Politics Posts: 72313 Gender:	Re: transaction tax Reply #77 - May 7^th, 2022 at 10:27am freediver wrote on May 6^th, 2022 at 9:38pm: That's not an answer John. not the answer you want maybe. freediver wrote on May 6^th, 2022 at 9:38pm: Do you think companies would reduce their tax bill under your idiotic transaction tax idea by vertically integrating, No
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freediver Gold Member Offline www.ozpolitic.com Posts: 47531 At my desk.	Re: transaction tax Reply #78 - May 7^th, 2022 at 10:34am What about by achieving something equivalent with creative accounting?
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John Smith Gold Member Offline Australian Politics Posts: 72313 Gender:	Re: transaction tax Reply #79 - May 7^th, 2022 at 2:25pm freediver wrote on May 7^th, 2022 at 10:34am: What about by achieving something equivalent with creative accounting? no
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thegreatdivide

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Re: transaction tax
Reply #80 - May 7^th, 2022 at 2:50pm

freediver wrote on Apr 28^th, 2022 at 9:18pm:

A transaction tax is a terrible idea because it is easily avoided. People's efforts to avoid the tax would skew the entire economy in unproductive ways. On top of that, industries with low margins or long supply chains would be curtailed or destroyed, as they would bear the brunt of the tax. This would further skew the economy in unproductive ways. On top of that, the tax would be extremely regressive, placing a far higher burden on the poor compared to the current tax regime.

Yet some people support a transaction tax with a religious fervour that defies rational explanation. John for example appears to think that his support for a transaction tax requires no thought or explanation on his part until the flaws in it can be proven to him, which is a tough ask given his refusal to think about it. How do economically illiterate people get so attached to really bad ideas?

Indeed.

Now Richard Denniss says we should all pay higher taxes, including the rich.

Bill Mitchell has a better idea: authorizing the public sector (govt. with its own treasury and reserve bank) to spend money into existence, with the balance between private and public sector activity to be determined by the electorate (thereby eliminating the so-called 'reserve bank independence' fraud).

Meanwhile your idea to fund sufficient public spending to house everyone, and pay decent wages to sufficient age-care workers is....?

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« Last Edit: May 7^th, 2022 at 3:11pm by thegreatdivide »

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freediver

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Re: transaction tax
Reply #81 - May 7^th, 2022 at 2:51pm

John Smith wrote on May 7^th, 2022 at 10:27am:

freediver wrote on May 6^th, 2022 at 9:38pm:

That's not an answer John.

not the answer you want maybe. Cheesy

freediver wrote on May 6^th, 2022 at 9:38pm:

Do you think companies would reduce their tax bill under your idiotic transaction tax idea by vertically integrating,

No

Do you think they would have no incentive to do so?

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I identify as Mail because all I do is SendIT!

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thegreatdivide Gold Member Offline Australian Politics<br /> Posts: 10882 Gender:	Re: transaction tax Reply #82 - May 7^th, 2022 at 3:09pm freediver wrote on May 7^th, 2022 at 2:51pm: Do you think they would have no incentive to do so? Probably as much 'incentive' as you have, to reply to post #80....
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freediver Gold Member Offline www.ozpolitic.com Posts: 47531 At my desk.	Re: transaction tax Reply #83 - May 7^th, 2022 at 3:19pm That's OK. I would not expect a communist stooge to understand incentives.
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thegreatdivide

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Re: transaction tax
Reply #84 - May 7^th, 2022 at 3:28pm

freediver wrote on May 7^th, 2022 at 3:19pm:

That's OK. I would not expect a communist stooge to understand incentives.

and you understand economics? ROTFL.

You are good at saying why tax is bad, but have no idea how to fund vital public policy.

Stand exposed as an ideological ("incentive") fraud, until you address the issues raised in #80.

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freediver Gold Member Offline www.ozpolitic.com Posts: 47531 At my desk.	Re: transaction tax Reply #85 - May 7^th, 2022 at 3:37pm Quote: You are good at saying why tax is bad Can you quote me?
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thegreatdivide

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Re: transaction tax
Reply #86 - May 7^th, 2022 at 3:46pm

freediver wrote on May 7^th, 2022 at 3:37pm:

Quote:

You are good at saying why tax is bad

Can you quote me?

No, but show me where you have supported raising sufficient taxes to fund necessary public housing, and pay decent age-care wages etc.

If you can do that, I will publicly withdraw my contention you are a tax ideology fraud.

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freediver

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Re: transaction tax
Reply #87 - May 7^th, 2022 at 4:23pm

thegreatdivide wrote on May 7^th, 2022 at 3:46pm:

freediver wrote on May 7^th, 2022 at 3:37pm:

Quote:

You are good at saying why tax is bad

Can you quote me?

No, but show me where you have supported raising sufficient taxes to fund necessary public housing, and pay decent age-care wages etc.

If you can do that, I will publicly withdraw my contention you are a tax ideology fraud.

So you know I am good at something, even though you haven't seen me do it?

Is this like how the CCP is good at equally distributing food to the Chinese people?

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thegreatdivide

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Re: transaction tax
Reply #88 - May 7^th, 2022 at 5:29pm

freediver wrote on May 7^th, 2022 at 4:23pm:

thegreatdivide wrote on May 7^th, 2022 at 3:46pm:

freediver wrote on May 7^th, 2022 at 3:37pm:

Quote:

You are good at saying why tax is bad

Can you quote me?

No, but show me where you have supported raising sufficient taxes to fund necessary public housing, and pay decent age-care wages etc.

If you can do that, I will publicly withdraw my contention you are a tax ideology fraud.

So you know I am good at something, even though you haven't seen me do it?

I gave you the chance to state your view on taxes: are they "good", or "bad", or "necessary"?

But you are unable to obtain my withdrawal of my charge of you being an ideological fraud, by simply showing us where you have ever supported taxes.

Quote:

Is this like how the CCP is good at equally distributing food to the Chinese people?

That's a diversion.....since you don't have the integrity to debate the issue at hand ie taxation; but the CCP has achieved food security for the nation.
As to managing food distribution a covid-forced lock-down, that is another question.

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John Smith

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Re: transaction tax
Reply #89 - May 7^th, 2022 at 5:58pm

freediver wrote on May 7^th, 2022 at 2:51pm:

John Smith wrote on May 7^th, 2022 at 10:27am:

freediver wrote on May 6^th, 2022 at 9:38pm:

That's not an answer John.

not the answer you want maybe. Cheesy

freediver wrote on May 6^th, 2022 at 9:38pm: