'We Should Repeal Every Tax We Have' - What The Libertarian Party Wants To Do About Taxes
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- Опубликовано: 21 май 2022
- Patrick Bet-David Podcast Episode 156. In this short clip, Dave Smith, Larry Sharpe, Spike Cohen, and Jessica Vaugn discuss what the libertarian party would do about taxes.
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Paying taxes is like throwing money at a stock that keeps tanking.
Bingo
If all taxation was voluntary you would find out very quickly just how valuable government and government programs actually are.
Bingo, imagine if we could at the very least make the taxes that pay the salaries of these politicians voluntary?
Meaning they are not valuable at all? Lolz! If people are forced to pay for something, IS it REALLY "valuable" or "great"?
Lol, okay brain brainwashed IRS sheep agent,
Lol, okay brain brainwashed IRS sheep agent,
"If labor was voluntary, you would find out very quickly just how valuable a job actually is"
That's how your argument sounds, and I'm sure you're not a fan of slavery are you?
-Local taxes should be the highest. The budget for local services is voted on each year & will be kept in check by the people actually paying for it.
-State taxes should generally be the 2nd highest. Let the states compete for your business with whatever tax policies & services provide the most bang for your buck.
-Federal taxes should be the lowest, reserved for corporations, kept universal for all companies & be extremely simple. Example: 5% Flat Tax on gross revenue.
I really like this line of thought. Federal Government should not be taxing people but rather corporations with a flat tax they can’t get around with loop holes is a great idea.
@@colinb8332 Why would the people who effectively run these corporations, and usually hold board seats of said corporations, increase their tax rate?????
@@thejquinn because that is the price of having the security and stability the US Government has historically provided
Agreed and I would also say that as the system goes from local to federal, the tax on individuals should become more and more based on consumption. Sales tax is the only libertarian tax because you can choose not to spend your money and therefore not be taxed
@@colinb8332 Yeah "stability"....
Whenever I bring up debt to persuade someone to join the libertarian or Republican party, most people don't care. The word debt doesn't mean anything anymore to most people. Mainly anyone under the age of 30.
The publicans have clearly proven they don’t give a shit about the national debt but Libertarians I don’t know we never really had a serious libertarian president
@@foodie135 yeah they got to come up with new messaging.
I agree with everything you said except for the age of 30. I think it’s closer to 70. The majority of Americans live pay check to check and are loaded up with debt. When individual Americans can deal with their own debt only then we will be able to hold the Government accountable but until then nothings gonna change.
@@anthonycordaro93 The reason I bring that up is a lot of Americans got a stimulus check and that didn't do anything to change their debt. So that's why most can't relate to getting extra money from taxes.
@@NEWMEDIATECHCLUB yea they really really do, at first they sound reasonable then it just gets crazy
The US Government currently is far far away from what the Founding Fathers originally established it to be.
The founders who thought all people were created equal except black people lol
@@Friskojack_ Some of the Founding Fathers were against slavery, but yes, most did own slaves.
That was the norm of those times, we are probably doing things in this day and age that will be considered immoral in the future, for example the way we treat animals in farms and factories.
We all eat meat, but doesn't mean we support torturing animals for meat, but we still indirectly support that torture through buying meat.
Similarly, many Founding Fathers opposed slavery, but it was norm of those times.
But that does't mean the Constitution is not a useful piece of paper. Their vision of a Government is way better than what had ever existed in Human History.
@@BangMaster96 : Hmm, so forget about people of color having basic rights. Hell forget about women have rights. Forget about having any sexual rights. I suggest you actually go back and study how people lived during those years.
Yes those great people sir and your point is? Your complaining in a RUclips comment section those men all be it flawed just like you and me, founded a country that has lasted almost 300 years and is the number 1 super power in that same time. Get over it slavery was everywhere back then the quicker you do the quicker you can move on to relevant modern day matters.
This reply is so incoherent, who even said or agreed with any of that?
Much respect to the Libertarian party!!!!!
The government can’t run a lemonade stand I don’t want them in charge for anything.
As Milton Friedman once said, if you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
Maybe we need another Boston Tea Party? 🤷🏾♂️
Thank you for preaching the truth 👍🏽👌🏽😊
Larry Sharpe is the best libertarian on that panel. So many talk philosophies . He's the only one that gives real easy to understand policies that make so much sense.
Instead of collecting Taxes and letting the Government decide where to spend it, People should have a ballot that describes a list of all things they can allocate their taxes to.
So while paying taxes, People can then checkmark the boxes on a ballot where they would like that Money to be spent.
This way, we all get to decide collectively where all our Money goes, and whatever options on the Ballot gets the highest votes, that thing gets most funding, and the second highest vote gets the second most funding, and so on.
Right.. because we know people in large groups always do the right thing.
Not practical
I like this
That may be a thing someday ppl will do from their phones.
Naive thinking. Most people are uninformed or misinformed or both. It will be chaos and anarchy. Look at it another way. Do you want the same people that voted for Marjorie Taylor Green deciding how your tax dollars should be spent?
This guy makes perfect sense ! We are being screwed by an incompetent government!
You voted them in 🤣 It's your fault.
Taxes by definition is skimming off an exchange or transaction. There is no transaction or exchange of product when you are getting your income taxed
The infrastructure you drive on, the military, the police, the FDA that inspects your food, the FDIC which protects your money, all services you take advantage of with your tax dollars, you're welcome.
@@thejquinn all by deficit spending, your point? This is a common trope with people who aren’t libertarians or anarchists. “Duuuuhhhh what about police or infrastructure duhhhhhh” you raise the money AT THE VERY LEAST by fiscally responsible means and not pork barrel spending. “Duhhhhhh let’s just print the money and spend on crumbling infrastructure and strong arm of a organization that has a monopoly on violence” -that’s how you sound
@@chrispark7010 Who said it would be deficit spending? You're not critically thinking, do you not know we can mint a $30T coin, and effectively end the debt? And at any time, so what deficit spending?
@@thejquinn wtf, my point is that even though they have all those taxes, they deficit spend to pay for all the things you pointed out that supposedly our taxes go to.
@@chrispark7010 What do you mean supposedly, what do you think it goes to? Do you think the roads/bridges just build themselves? lol
I love this conversation. It’s sad it’s a private group of good men. This should of happened with our leaders but we have very few good people in government willing to talk about what’s right. And don’t trust the poles, especially when it’s obvious they’re lying
There's no incentive for them too, why? Because they're paid by the same entity that is responsible for this mess lmao.
The IRS just told me in a letter: they want more money for an unspecified reason...but everytime I try to call they don't even answer, a recording tells me "Due to high call volume, we cannot take your call" and they hang up on me! They should be required to work Saturdays until they catch up and take every dang call they receive!
@John Reed I just want an explanation, the letter should specify what the issue is if they are too busy to answer the phone
Are you surprised? The IRS, and government in general, does whatever they hell they want even if it conflict with their own "laws", as do all rulers to varying extents.
the irs is a pain in the ass
you mean the Mafia told you.....
But even if there was a flat tax rate, how would you make sure that it doesn’t keep on going up?
Same thing for the current situation
If it goes up, it goes up for everyone. You're less likely to have lower class impose higher taxes on upper class and visa versa. So if one wants higher taxes, they're voting to increase their tax liability as well.
End taxes on everyone with less than $200,000worth of property for a start. Replace taxes with independence and chairty.
@@bvegannow1936 You had me at "end taxes". The rest is just arbitrary, self-serving nonsense.
Needs: Police force, military, infrastructure, and legal system.
That’s it! Anything else is a racket.
If those things truly are needs then people will pay for them voluntarily. Food and water are fundamentally of a greater need than even police, a military, ect and we don't coerce people into buying themselves food nor farmers to grow it nor grocery stores to sell it.
@@177SCmaro No law and someone kills you to take your food and water. No military, same deal internationally. No legal system = no law. Good luck with infrastructure without central power.
@@samalexander5236
You seem to be conflating government "law" with rules (government law, btw, is simply the arbitrary threats, commands, and demands of the ruling class - they're not based on logic or ethics, they're based on whim). Absent government "law", it's still wrong to commit murder and theft.
You also seem to be assuming that, in the absence of coercion, that defense, arbitration, and infrastructure simply disappear. That's pretty silly. Not only did those things exist before government, again, if people perceive those things as needs (as they do food, for example) they will voluntarily pay for them (as they do food, etc).
You haven't actually demonstrated that coercion is necessary.
I don’t agree about ending all taxes, but I fully agree, no country should have to pay back its national debt.
Interesting hearing the ideas & outlook from these libertarians
Personal Income Tax, the vast majority of that money goes to pay interest on the National Debt
So you are personally paying for the economic malfeasance of The Federal Reserve/government
Property Taxes, and taxes on Tobacco, Gasoline, Alcohol, etc. that money goes to pay for sanitation, roads, fire dept., DOT, and other local government services.
Look I'd have to do a lot more research on tax codes, but as a gen z I can indeed confirm that many people would actually like to pay higher taxes which is crazy to me, like I think about paying taxes as an investment in the U.S. government and ultimately in our economic development and overall efficiency and I just understand why no one, especially in the Democratic party asks " Hey what is the government doing with all the money I'm giving them already? And if the utilities, education and overall efficiency is not getting better, why would I want to pay them even more to waste?"
For a party that claims to care about the average person, they just don't know how to make solid improvements to America even when they have the power to. And then they have the audacity to blame the average American for not voting for their party again..smh. And look I'm not saying Republicans are perfect either, the reality is this should be a much more widely discussed topic, especially considering the authority the IRS have and in my opinion an outdated incentive structure which we are still using which isn't helping us in the 21st century.
Well said!
If tax was voluntary you’d find most people do not actually want to pay more
brain brainwashed IRS sheep agents,
The only real and fair way to tax is thru a national sales tax. Abolish all other taxes and charge tax on goods and services. There are no loop holes to extort and everyone would be taxed fairly.
That would effectively hurt the poor tenfold since they purchase the most goods, and usually have service jobs (landscaping, masonry, etc.) to service the wealthy, and effectively kneecaps them from getting work, and even being independent.
@@thejquinn Any "fair" tax would hurt the poor since they are net-negative taxpayers i.e. they take more than they put in.
@@177SCmaro "they take more than they put in" < no that would literally be the wealthy who hide the majority of their money overseas, and claim they are worth much less, and effectively pay less in taxes.
@@thejquinn Evidently you are ignorant of the fact that "the rich" pay the vast majority of taxes and "the poor" are net-negative taxpayers - again, taking more out then they put in.
Taxes in themselves is not fair
Amen sir.
Post a video about how will the country function with zero taxes. Will there even be a government? With no government, is each state essentially its own country? Do first responders become privately owned? Would free healthcare ever be possible? Do all the National Parks become free territory? I'm down for less taxes but no taxes confuses me.
We will never know because it's never been tried.
Replace taxes with independence and chairty. End taxes on everyone with less than $200,000 worth of property for a start. Put in a full non refundable tax credit for helping the poor.
No
that is stupid....
Then only those who own more than 200k in assets should be allowed to vote.
No one can help the poor only you can help your self
I can’t make you stop smoking, drinking, eating unhealthy
And I can’t make you invest, learn everyday, go to school.
Only you can fix your problems the government and any other person cannot.
@@stayswervin554 your making a case agianst any form of taxes for anyone, which would be ideal and should be the end goal. But it has to start somewhere thus should start with ending taxes on everyone with less than$200,000worth of property, since ending all taxes right now is unrealistic.
the only point of taxes is to provide welfare and security to those who cant afford to take care of themselves.
It is possible to help the poor, and they cant always help themselves. If u were poor and someone broke into your home, and you had to pay to call 911 and pay the cops before they would show up, if u cant afford it u r out of luck. Minimum wage jobs often pay about 3times less than living wage. It often takes years of college to get a degree then they often have over $100,000worth of college debt to pay off.
If u know a way for the poor to be able to earn over $4000/m, im sure they would love to know. Also many of the poor are disabled or children.
U think feeding a starving poor child isnt helping them?
How are they supposed to help themselves and fix their problems when government is their problem that wont let them help themselves cuz it wont let them use land to live on and grow their own food free tax free and wont let them keep $200,000 worth of property untaxed, and has so many exsessive rules and regulations regarding jobs?
If u dont want to help poor people, the logical conclusion u should want is to end taxes on everyone with less than $200,000 worth of property for a start so they wont need as much help and hopefully wont be on as much welfare cuz they wont need as much, which could help reduce taxes on everyone else too.
@@bvegannow1936 helping someone in need and someone poor are two different things
budgets should go towards the common welfare meaning things like defense, fire fighting, police things like that.
the government isnt here to do charity work.
how about if the government lowered taxs got rid of social programs and cracked down on fraudulent charities. then maybe things would improve.
these government programs are keeping people in poverty.
also i do wanna state when i was 5 someone did break into my home and my mom was dirt poor we lost everything was ransacked we lost what little bit we owned. because of my mom and we did just fine.
if someone told me we should abolish all taxes ii would ask him how would we pay for the military , the court system and the prison
Patrick asked what would we do about the debt
Military is told to invade. Court systems have lawyers that screw people over. People are being put in prison for things like not filing taxes and drug related things. Why do we need that bs?
Shesshhhh these dudes would crumble the infrastructures even more and police and firemen would be out of business!!!
Government can't even fill in the potholes but Dominos the pizza chain can. Explain that to your "god".
from freedom to fascism documentary explaines this very well. Miss Aaron Russo.
👊🏼💰
This is still not going far enough. It’s absolutely the right direction. But why does Government need to be thought of as a business? Are we so used to living between two narrow rails? Btw, taxes yes, debt? No!
🙌🏼🙌🏼👍🏼👍🏼👏👏💯
Especially taxes for government run schools
Ban public school. ban mandatory school. Ban gov control over education and curriculum. Ban hsd and ged requirements
I’m NOTTTTTTTY OKAY with taxes.
FAIR TAX Now!!
Tax corporations and religions! That will fix a little
no
taxing churches would only bring in about 100 billion
as long as we have loopholes for the corps they will only contribute a small amount
if we used sales taxes then no corporation would be able to avoid paying taxes
they would pay them when they buy office supplies raw materials like wood steel glass and plastic
@@robinsss very true but we know this will not happen.
@@harryc1416 it's up to thee voters to push for it
organize then push
If taxes must be levied then we already pay them in the form of sales taxes..pay as you go seems fair enough..no income taxes..
In some countries that system is called "VAT"-Value Added Tax. In fact, that's all the citizens pay in the form of taxes and it's more than fair and is usually around 7% for every purchase made.
See the FAIRTAX!
I don't blame anyone for avoiding paying taxes if they can ! The way they are being spent is an absolute joke !
Condemning someone for avoiding paying taxes is like codemining a woman for outrunning a rape gang.
nobody is OK with taxes!!
Every adult man and woman taxed at a flat low fee - not rate.
$69
We get taxed so politicians can live like kings.
*live as kings.
This would almost immediately start reversing the transfer of wealth that continuously exist from the little guys to the big guys. Which is why it won't happen.
FAX
Taxation funds the military.
The military has made nothing but enemies around the world.
Most income tax funds interest on the national debt, not anything to do with military or other "services".
@@177SCmaro half of the budget is paid for with personal income taxes
@@robinsss
No it's not.
There is no need for abolishment of the IRS. The president doesn't even have that authority to do so.
What the president DOES have the power to do is order all IRS personal into permanent paid leave via Executive Order. Order all IRS personnel to stay home.
No need? You mean besides the fact they're the means through which the parasites called "government" feed?
Abe Lincoln had the authority to create the IRS before abolishing slavery. What are you saying "government has no authority"? You stupid or something?
The federal government has the power to print and coin money. They should take back that power they delegated to the Fed
The Fed is so heavily regulated by the government they are essentially the same thing - a de facto government-run centralized bank.
By what law does any.one have a right to tax a free person?
Does said "free person" use the roads and bridges that the rest of the tax paying public use? Sounds like this "free person" is more like a free loader
@@thejquinn Does he have a choice, given government has monopolized roads and bridges? How's that for a fine bit of circular reasoning, huh? "You're not allowed to compete with us in building roads. We get to rob you because you use our roads, therefore you owe us, you freeloader!" Didn't really think that one through, did you? This would be like me using force and threats to prevent any other grocery store or farm from growing or selling food in town, delivering food to your doorstep, and then demanding whatever arbitrary sum I decide you owe me.
How am I really owed anything when the only reason you took my food was that I arranged matters such that you had no choice?
@@177SCmaro So you'd want private roads in which you'd pay for as soon as you left you're driveway? 🤡
@@thejquinn
You mean toll roads? Those already exist and are generally considered much higher quality roads than government roads. It's likely they're actually cheaper too given government waste i.e. how much in taxes do you pay for roads vs what would it cost you to travel on toll roads, and you only pay on toll roads for the road you use whereas with taxes you pay for every road, even those you don't use. It's hard to say since government isn't exactly keen on showing us their books or, you know, are honest about much of anything.
Toll roads are only one possibility. Absent government coercion, another possibility are roads can be treated like a cell phone plan, with overlapping providers, etc. There are any number of other ways to voluntarily fund a flat place for cars to drive on. I remind you that roads have existed long before government monopolized them.
@@177SCmaro Toll roads aren't absent "government coercion", who do you think they bribe to get the permits/contracts for those roads? Also I think you mean highways, because I have yet to see actual roads, with a toll booth in my lifetime, but probably will happen since this nation loves unfettered capitalism, and then wonders why everything is so expensive. Lol I also love that you call other cell phones companies that own other cell phone companies, "overlapping providers" UMM YOU MEAN A MONOPOLY!? With said monopoly using and overcharging the use of the towers you and I both paid for??????
Criminally under viewed clip.
OK who pays for the military?
who builds the large infrastructure projects?
They believe we should have no government. Jo Jorgensen wants open borders and doesn’t believe china is a threat. Libertarians are insane.
Exactly, and go one step further, who protects ones money in the bank, as well as inspects the food/medicine
I love how he mentions taking privacy rights away at the beginning of the video mocking the Russians.....ummm dont we do that already here lol
Cut taxes by 75%
I’m sorry that’s just short term thinking, what about the long term complications that can occur. The main reason why we can borrow so much is because the belief it’ll get paid back. But to just default on are loans would have serious problems in the future. And might even lose the status the US dollar has as Global currency.
That day is coming anyway, at the rate we are printing money. The sooner it happens the less sever it will be. No matter what it is going to suck, but the longer this Ponzi scheme goes on the more painful the crash will be.
Think about what a tax is. We are going to take your money you worked your ass off for and give it to someone who dosen't pay taxes.
The Problem here is No one wants to work. Everyone wants to make videos of picking their nose and posting it on social media.
GET YOUR BUM SELVES TO WORK AMERICA
Let everyone use an acre of free tax free land to grow their own food and live on. Ban farm subsidies. End taxes on everyone with less than $200,000worth of property
@@bvegannow1936 Good idea. However the USA is turning Communist. The Communist playbook 101
Wtf? Lol
@@DarianG98 Shoe must fit for you to comment like that. 🤣🤣🤣
@@bvegannow1936 where will they get the livestock?
only tax goods
End taxes on everyone with less than $200,000worth of property. Replace taxes with independence and chairty.
…
This is such an unproductive discussion and a major reason why libertarians can’t get off the ground.
Yep lol. The only people that take these people seriously are other Libertarians. And that’s being generous.
I agree. Some on here saying preach it!! While watching this made me think, idealism like this is what turns people off of to socialism and communism as well. Not grounded in reality.
Lol simplified the tax code. Good luck there. There’s a reason it’s complicated. People will find a away to pay less in taxes so if it’s too simplified than you’ll be able to go around it. Also the govt incentives n penalty certain actions with the tax code. For example credits for kids, deductions for homes, deduction as for self employment taxes etc.
Get rid of all taxes??? Who or what pays for the military? I am quoting someone else here:
If you do not pay taxes, you cannot have a military. If you do not have a military, then you will be invaded by another country who then impose taxes upon you.
And no, private militaries are not an option, as they would fight for the highest bidder and are not as effective as national armies.
Astonishing that people actually believe in getting rid of taxation. Infrastructure as well? Who pays for that? FFS
Thats the point of the 2nd amendment. 10 percent would cover the military cost. Unfortunately we pissed off a bunch of other countries by occupying there territory.
@@stevenmintz1 The 2nd Amendment is gonna stop a nuke/drone?? Keep living in your fantasy 🤡
"And no, private militaries are not an option, as they would fight for the highest bidder and are not as effective as national armies." < this is the problem with all of capitalism, everything is about increasing the bottom line. Thus why America is in the s*itter right now
@@stevenmintz1 Yeah there is definitely a debate around level of spending. But this guy talks about getting rid of all taxes, which is just mind blowing. I cannot believe there are adults who believe this.
@@abdullahbrum because of all the corruption taxes should be zeroed and reset.
This is cute ..
Libertarians are people who loved social studies and debate in the 8th grade, then peaked intellectually in the 10th grade. Good grief! Thank God there are so few of them. They have an idea that sounds good, but they don't extrapolate their ideas past their starting points.
True liberty has never been tried. Anywhere. You can't say liberty is a "bad idea" when it's literally never been tried.
Last 🤬 💩
The only hole I see in the libertarian ideology is the end the fed thing. While I totally get, appreciate, and understand why they would say that, the reality is the banking cartels are so entrenched in power globally that no one would trade with us.
Banks don’t have power without government. There is no chase bank Air Force.
Individuals and business trade. Banks are just an intermediary that facilitates trade if it is needed. Banking is an optional service. Lending is done by many different companies and individual investors.
Bitcoin is hope.
@@diesel5355 Yeah thats why those crypto coins always crash 🤡
@@thejquinn we are talking about the power of banks. Bitcoin (not “crypto coins”) completely decouples government from money. This is more than valuation in terms of USD, btc will prevent wars.
@@diesel5355 LOL yeah "btc will prevent wars" thats why so many war mongers have money invested into it 🤡
Pay your taxes at the end of the hear??? You'll have a huge tax liability... self employed people pay quarterly...
Every country is I'm debt and can't pay everything.
We have a tax, not as a penalty, but bc you use infrastructure paid for by the general public.
If the government can't collect money, how do we build our infrastructure??
If our government wasn't corrupt And paid off by corporations, then maybe those dollars would be used more effectively. And it would be patriotic to pay taxes bc it benefits America as a whole
Libertarianism and their ideas on taxation sounds great and I wish I didn’t have to pay any taxes on my paycheck. The reality is however if we have a flat rate tax or none at all the rich will continue to amass more and more wealth. In a society that depends on consumers having disposable income to generate economic activity, the concentration of wealth can not happen. The rich are already enjoying the tax system that we do have and making taxes a flat rate or go away altogether is their ultimately victory. I know it sounds like crazy communist talk but in a capitalist society the money still has to revolve and one way to do that is to tax people who have more of it.
You should only have to pay for what you agree to buy. Taxation is like ordering you to go the grocery store, shoving some random, mostly rancid food in your hands and charging you whatever they hell they want for the "benefit"because without this system you would starve, right? It's necessary, it's for your own good. Without government, who would feed you?
We agreed by voting for politician who spend. In a society you as the individual are forced to join the collective. Now ultimately if you if you reverse course you sldesteoy america and we immediately look like Mexico and most people don’t want that. Now there are many good ideas here tho that even my very liberal self agree with. However l, I think they’re has to be understanding america doesn’t look like it does in any of those scenarios!
Default is coming, it’s only a question of when.
@@nunyabizness6662 only if no one’s willing to address it. Which they don’t so yeah I guess your right
I'm sorry y'all but this video is complete misinformation. The Chinese debt is not really "debt". Rather than explain everything out in a youtube comment section, go watch china - american debt by khan academy. I know this because I have a degree in economics. Dave is smart but he has this wrong.
The country would literally burn to the ground if we didn’t pay taxes lol. There’s a reason nobody in the L party is an average worker every libertarian is super rich .
And the award for the most ignorant statement goes to...
I'm libertarian and dirt poor lol
me too
Let it burn...
How about consumption tax?
Jesus these people know nothing. Nothing here makes sense, and the world doesn't work how they think it does.
😂 😂 😂
Sad but true. Right wing libertarians are like house cats, completely dependent on others, but fully convinced of their own independence.
Paying taxes insures u can have social security and medicare when you retire peabrains
😂 😂 😂
half wit