The Most Despotic Taxes Known to Mankind

[bobevenson]

Yada, yada, yada, yawn...

So you keep repeating ad nauseam but that's not an answer to the question is it bob, the critique is that if you intend to implement your idea of equalizing money to this 'property' you will have to print trillions of dollars thereby causing rampant hyperinflation and crashing the US economy and the question is how will you avoid this?

I'm sorry, but it's absolutely useless communicating with moronic freaks such as yourself on economic as well as a multitude of other issues. As I mentioned earlier, I defy any economics professor or financial expert to challenge my position. However, I will make one last attempt to educate you idiots. Since money is a medium of exchange, the question is, the exchange of what? The answer is property. And, unfortunately, I can't make 1+1=2 any simpler for you to understand.

[Gary Childress]

This is the reason the Federal Reserve aims for 2% inflation, according to their website:

The Federal Open Market Committee (FOMC) judges that inflation at the rate of 2 percent (as measured by the annual change in the price index for personal consumption expenditures, or PCE) is most consistent over the longer run with the Federal Reserve's mandate for price stability and maximum employment. Over time, a higher inflation rate would reduce the public's ability to make accurate longer-term economic and financial decisions. On the other hand, a lower inflation rate would be associated with an elevated probability of falling into deflation, which means prices and perhaps wages, on average, are falling--a phenomenon associated with very weak economic conditions. Having at least a small level of inflation makes it less likely that the economy will experience harmful deflation if economic conditions weaken. The FOMC implements monetary policy to help maintain an inflation rate of 2 percent over the medium term.

https://www.federalreserve.gov/faqs/economy_14400.htm

Is a heightened risk of deflation preferable? Is deflation in and of itself preferable? Or is the statement above incorrect?

[bobevenson]

To summarize the Fed's position, a little bit of stealing is OK for them, but not the rest of us.

[Gary Childress]

To summarize the Fed's position, a little bit of stealing is OK for them, but not the rest of us.

What is the Fed stealing? Or what is the Fed stealing which the rest of us aren't? Aren't those who work at the Fed subject to the same economic conditions that the Fed creates?

[Arising_uk]

I'm sorry, but it's absolutely useless communicating with moronic freaks such as yourself on economic as well as a multitude of other issues. ...

Translation: I'm an idiot whose tax idea, if implemented, would create hyperinflation thereby making me a criminal by my own definitions. I cannot think philosophically so I cannot refine my idea and as such it will stay where it was always destined to be, in my basement and on any site stupid enough to allow loons like me to post.

As I mentioned earlier, I defy any economics professor or financial expert to challenge my position. ...

Why them, why not just address FDP's critique of your idea, rather than this attempt at misdirection? Oh! I know why. because you are an loon!!

And a duplicitous one at that with your strawman, or just economically stupid, as you appear to have not heard of or ignore that economists have both monetary inflation and price inflation in their repertoire.

However, I will make one last attempt to educate you idiots. Since money is a medium of exchange, the question is, the exchange of what? The answer is property. And, unfortunately, I can't make 1+1=2 any simpler for you to understand.

Shut up you loon and address the actual critique of your idea and that is that to implement your idea you would have to print trillions of dollars to match the property you propose to establish which would result in hyperinflation and the crash of the US economy. Now I know that there will be a solution to this but lets see if you are not the loon that you obviously seem to be and are able to philosophize your way to it. If not then you should just fuck-off to the religious or psychoanalytic forums where you are obviously more suited, the latter would welcome you with open-arms for the case-study you would be. Oh! Sorry, not the religious forums as I guess you've been banned from most of those.

[Arising_uk]

..., but not the rest of us.

Again you are an idiot as some of us can inflate our prices.

[bobevenson]

You certainly have much to say about absolutely nothing, which I must admit, you've developed into an art form.

[bobevenson]

To summarize the Fed's position, a little bit of stealing is OK for them, but not the rest of us.

What is the Fed stealing? Or what is the Fed stealing which the rest of us aren't? Aren't those who work at the Fed subject to the same economic conditions that the Fed creates?

Let me clarify, when the Fed purposely dilutes the value of your money through inflation, that is the same as stealing it. If you stole somebody's money, you would be subject to arrest and imprisonment.

[Arising_uk]

You certainly have much to say about absolutely nothing, which I must admit, you've developed into an art form.

Well it's true you have absolutely nothing to say and I do tend to have much to say about it but the only 'art form' here is your stunning ability to avoid anything to do with philosophizing about your 'thoughts'. As such I think you should just be banned for the troll you are.

Prove me wrong and address the critique FDP has made about your proposal, talk and adjust it until it would work or just admit that it's a pile of shit that in hindsight would cause you to be, by your own definitions, a master criminal as it would lead to hyperinflation.

[bobevenson]

You certainly have much to say about absolutely nothing, which I must admit, you've developed into an art form.

Well it's true you have absolutely nothing to say and I do tend to have much to say about it but the only 'art form' here is your stunning ability to avoid anything to do with philosophizing about your 'thoughts'. As such I think you should just be banned for the troll you are.

Prove me wrong and address the critique FDP has made about your proposal, talk and adjust it until it would work or just admit that it's a pile of shit that in hindsight would cause you to be, by your own definitions, a master criminal as it would lead to hyperinflation.

As I said to Gary, "Let me clarify, when the Fed purposely dilutes the value of your money through inflation, that is the same as stealing it. If you stole somebody's money, you would be subject to arrest and imprisonment." If you can't understand that simple proposition, you certainly don't belong on this thread or any other for that matter.

[Gary Childress]

To summarize the Fed's position, a little bit of stealing is OK for them, but not the rest of us.

What is the Fed stealing? Or what is the Fed stealing which the rest of us aren't? Aren't those who work at the Fed subject to the same economic conditions that the Fed creates?

Let me clarify, when the Fed purposely dilutes the value of your money through inflation, that is the same as stealing it. If you stole somebody's money, you would be subject to arrest and imprisonment.

Here's a definition of stealing from Merriam-Webster Online: http://www.merriam-webster.com/dictionary/steal

: to take (something that does not belong to you) in a way that is wrong or illegal

It's not like the Fed, by keeping inflation at 2%, is taking our money from us and spending it or keeping it for itself. It's not doing something that is technically "illegal". Is it "wrong" to print excess money? I don't know, I suppose it might depend upon what utilitarian effects it would have on the economy at large. According to the Fed, they are keeping inflation at 2% because the alternatives would be much worse for everyone. Obviously there is some debate over whether or not deflation would amount to worse.

Is reducing the value of something the same as "stealing"?

Suppose you own the only restaurant at a very busy street corner. You make a lot of money because a lot of people pass by that street at lunch hour. Then I come along and open up a restaurant on the opposite side of the street corner. Your profits go down as a result. Am I "stealing" your profits because I have essentially devalued your services? If we lived in the same neighborhood and you keep your lawn very neat and tidy but I keep my lawn a little less tidy, thereby affecting re-sale property values in our neighborhood, am I "stealing" from you because your home is not worth as much as it could be?

[FlashDangerpants]

Since money is a medium of exchange, the question is, the exchange of what?

Services, time, skills and labor.

When you go to work and exchange your labor for money, you probably aren't selling property.

Almost none of the money you receive is for property you have sold unless you own a shop, which most of us do not.

[Arising_uk]

... If you can't understand that simple proposition, you certainly don't belong on this thread or any other for that matter.[/size][/b]

As usual you are avoiding the question and the critique and trying to divert it into a pointless and discussion about your Fed(?) and their inflation policy. The main point of this thread has been taxes and your taxation idea about which one major objection has been raised, to wit, if implemented along the grounds you say it would cause hyperinflation and crash the US economy, which apparently would make you a major criminal according to your definition. So once more, do you have any solution to this issue or can we safely consign your taxation 'policy' to the loony bin and, according to your definitions, save you a long jail term.

[uwot]

...I will make one last attempt to educate you idiots.

Reverend Bob, I know you're a prophet and that, so you must know this won't be your last attempt to educate us idiots.

Since money is a medium of exchange, the question is, the exchange of what? The answer is property.

You could make a case that money hasn't been a medium for the exchange of property since the Mesopotamians produced individual clay tokens for specific commodities. It certainly hasn't been the case since Nixon took the US out of the gold standard. The dollar is currently underpinned by the goodwill of the American people; the 20 odd trillion dollars of debt could not conceivably be called in, it is only meaningful as long as the government can persuade the population to keep paying tax to cover the interest. What would the AEP spend tax on Reverend Bob?

[bobevenson]

What is the Fed stealing?

Money is a repository of value, and when the government that issues that money reduces its value by inflation, it is in fact committing the criminal act of grand larceny against everybody in the world holding that money.