A thought experiment . . . .

LightRoasted

If I may ...
For your consideration ...


A truism, aka Fact: All US money/currency in circulation is the result of being loaned into existence. Truism, aka Fact: The proceeds of a loan are non-taxable.

Question: How can anyone be taxed when any money they receive is from the product of a loan?
 

vraiblonde

Board Mommy
PREMO Member
Patron
Question: How can anyone be taxed when any money they receive is from the product of a loan?

Because a loan means you're going to pay it back to the person/entity that lent it to you. Your wages aren't a loan.

A different way to make your point is when someone buys a used car why do they have to pay taxes on it? The original owner already paid that vehicle's taxes. Why is there a tax collected when you buy used clothing? Or anything that has already been taxed?

Not to mention most states make you pay income tax, and certainly the federal government does. So that money you have in your pocket is already taxed, and yet if you buy something with it you get taxed again.

The short answer to your question is: because we're too lazy and stupid to go, "Hey, wait a minute...."
 

Bare-ya-cuda

Well-Known Member
Because a loan means you're going to pay it back to the person/entity that lent it to you. Your wages aren't a loan.

A different way to make your point is when someone buys a used car why do they have to pay taxes on it? The original owner already paid that vehicle's taxes. Why is there a tax collected when you buy used clothing? Or anything that has already been taxed?

Not to mention most states make you pay income tax, and certainly the federal government does. So that money you have in your pocket is already taxed, and yet if you buy something with it you get taxed again.

The short answer to your question is: because we're too lazy and stupid to go, "Hey, wait a minute...."
IMG_1043.jpeg
 

LightRoasted

If I may ...
For your consideration ...

Because a loan means you're going to pay it back to the person/entity that lent it to you. Your wages aren't a loan.

A different way to make your point is when someone buys a used car why do they have to pay taxes on it? The original owner already paid that vehicle's taxes. Why is there a tax collected when you buy used clothing? Or anything that has already been taxed?

Not to mention most states make you pay income tax, and certainly the federal government does. So that money you have in your pocket is already taxed, and yet if you buy something with it you get taxed again.

The short answer to your question is: because we're too lazy and stupid to go, "Hey, wait a minute...."


The point being is that all money in circulation is money that was loaned. All of it. Either a loan taken by a government, or a business, or a person, all money being used today is the product of a loan. So if someone is paid with money, money of which was acquired from loans, why is it taxed when given to someone else? Any wages paid to someone is money that was entered into circulation via a loan.

This exercise is really targeted toward income type taxes. Take a loan out, the money you receive is not taxed. Give some of that money out as a wage to someone, and that person is taxed, even though the money originated from a loan. Since money from a loan is not taxed, and all money that is in circulation is from loans, how does it become taxable simply by sharing it with someone else? Get it? A real conundrum.
 

vraiblonde

Board Mommy
PREMO Member
Patron
For your consideration ...




The point being is that all money in circulation is money that was loaned. All of it. Either a loan taken by a government, or a business, or a person, all money being used today is the product of a loan. So if someone is paid with money, money of which was acquired from loans, why is it taxed when given to someone else? Any wages paid to someone is money that was entered into circulation via a loan.

This exercise is really targeted toward income type taxes. Take a loan out, the money you receive is not taxed. Give some of that money out as a wage to someone, and that person is taxed, even though the money originated from a loan. Since money from a loan is not taxed, and all money that is in circulation is from loans, how does it become taxable simply by sharing it with someone else? Get it? A real conundrum.

I don't know how to say it any different than how I said it the first time.
 
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