Message from @BIBOMO
Discord ID: 628345410469232660
There is no such thing as free money.
yes
Yes, you agree?
Then why did you say it.
you're the ones arguing for it
@Shockwave don't bother he doesn't understand economics
See how this is pointless
I ~~spent~~ wasted over an hour talking to him last night about why the Trump Ukraine scandal is valid.
Any of his evidence or reasons for what he believes was built on a foundation of nothingness.
Which is why you can't just watch liberals get owned videos and become an expert.
@Pelth Maybe you'll learn something. https://youtu.be/ULG2sCqBLuk
most people have no value to society
they just shouldn't even be around, much less supported
they are leeches
How so?
their net cost to society is higher than their net value
When you say "most people have no value to society" can you justify this.
oh boy
Yes, give me some statistics.
And what classes as "no value".
Based on what I just read the VAT tax has had mixed success world wide. It has potential to create higher tax revenue for governments but increased the cost of products basically driving inflation because ultimately it is always the consumer that pays the tax. I still say this is a heavily bureaucratic burden on businesses. The better solution is to create more better paying jobs thus increasing the tax paying base. we also would not need to raise taxes if the government reduced spending and got rid of the debt.
We wouldn't need to raise taxes if our countries most successful companies actually paid their taxes...
you're living in a fantasy land fetty
Read up Pelth.
It reinvests its profits
so it has none
I do think we need to make it easier for people to aquire patents and create businesses. Our financial education in school also needs completely changed. we have lower income people using credit to live above their means. we have taught by example and through our education that credit is ok which can be if used properly.
Donald Trump: Amazon is getting away with murder tax-wise.
It is very easy to start a business.
sure, but it has no profits to tax because it spends it all
they pay taxes in many other areas though
> based on what I just read the VAT tax has had mixed sucfess world wide.
What have you read?
> it has potential to create higher tax revenue for governments but increase the cost of products, driving inflation because ultimately it is the consumer that pays tax.
Governments will almost always tax products that are price inelastic, giving them guranteed income. VAT alone does not cause inflation, only a long term expansion of monetary base does that.
> I still say this is a heavily bureacratic burden on businesses. The better solution is to create more better paying jobs, thus increasing the tax paying base.
Creating jobs comes with burdens, this isn't an easy way out. Higher wages would increase production costs, and you guessed it, inflation.
there are more taxes than just income tax
or are you stupid
I do not have the answer to this issue. I do like to hear other perspectives and maybe learn a thing or two. Thanks for the discussion @Deleted User
Np. I suggest reading Sowell's basics of economics book if you're getting into economics.