
This extreme right-winger was one of the many crooks pardoned by Donald Trump. The irony is that he broke campaign laws and produced a phony movie blasting Democrats for — you guessed it — breaking campaign laws. Now he has a suggestion for the GOP, America’s “Party of the Rich,” they are bound to love, for it combines the two things they most desire. Ending the IRS and taxing the lower income more. Dinesh D’Souza on Twitter:The United States Attorney for the Southern District of New York announced today that DINESH D’SOUZA was sentenced in Manhattan federal court to five years of probation, with eight months during the first year to be served in a community confinement center.
He pled guilty to violating the federal campaign election law by making illegal contributions to a United States Senate campaign in the names of others.
Manhattan U.S. Attorney Preet Bharara stated: “Dinesh D’Souza attempted to illegally contribute over $10,000 to a Senate campaign, willfully undermining the integrity of the campaign finance process.
Like many others before him, of all political stripes, he has had to answer for this crime – here with a felony conviction.”
The notion of “wiping out the IRS” has some merit. Our Monetarily Sovereign government neither needs nor uses the tax dollars (or any other dollars) that come into the Treasury. In fact, federal taxes begin in the M2 money supply measure, but upon reaching the Treasury, they cease to be part of any money supply measure. They are effectively destroyed, disappearing into the Treasury’s infinite money supply. The IRS is not on anyone’s list of favorite federal agencies, but no one dislikes them more than the rich do. If you’re salaried, there’s not much you can do about income taxes and virtually nothing you can do about payroll taxes. The rich continually try to game the system by stretching the meanings of tax laws to the breaking point. I’m pretty well off, but even I can’t begin to imagine the Byzantine translations of tax laws that the wealthy use. You undoubtedly have read that you paid more taxes in the past 15 years than did billionaire Donald Trump. We all did because he paid virtually none. Now he is being investigated and may even have to pay a bit. You can be sure he and his fellow billionaires despise the IRS. The main problems with felon D’Souza’s recommendation are:“The House GOP should pass a bill basically wiping out the IRS and the tax code and instituting a flat tax of 15%.
The rich pay more, but they pay at the same rate.
This won’t become law now, but it can become a central plank for Republicans in the 2024 presidential election.”
- He believes (or only claims) federal taxes are necessary, and
- He advocates a flat tax to replace the current graduated tax.
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The Sole Purpose of Government Is to Improve and Protect the Lives of the People.
MONETARY SOVEREIGNTY
What if, somehow, tax breaks could be eliminated in a flat 15% plan? Would that work ? The rich would hate it but the proletariet wouldn’t. There’s more workers than rich people.
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The rich would love it. The salaried Joes would have to pay 15% on their salaries. The rich would be able to fight against the basis, i.e. 15% of what? If your stock goes up, is the increase taxed 15%, even if you don’t sell it? Is charity not deductible? Are losses not deductible? If they are, what kinds of losses are deductible? Will businesses deduct costs? Which costs? If I incorporate myself, what can I deduct?
The fundamental problem is that the rich ALWAYS, ALWAYS, ALWAYS will be able to pervert any tax system. Taxing will always favor the rich. The only way to narrow the Gap is to give more benefits to the people: medical, educational, retirement, housing, food, etc, not to tax.
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