Actually, the IRS probably has the power now to order 30% withholding on all remittances (IRC Sec. 1441), but it might have to issue deficiency notices to everyone making such a remittance, or even better (if it had the computer capacity to do so) run the name and social security number (Hah!) against the list of filers and issue a jeopardy assessment against any who don’t have SSNs or don’t file returns.

However, if you think that’s an unwarranted exercise of the IRS’s power, do you think any Congressperson could be found to vote against a withholding tax on remittances? (Excluding Sen. Sanders, of course.)

” David Foster Says:
April 5th, 2016 at 8:27 pm

DNW–re cultural hostility to manufacturing…I discussed this topic at length in my post Faux Manufacturing Nostalgia:

http://chicagoboyz.net/archives/11680.html“

The attitude you cover is widespread. And as you point out the reasons behind the attitude are various.

For some it is as if they equate all of manufacturing with the low IQ potbellied teenaged shamblers who were shunted into shop and “practical math” class as a kind of dumping ground for the project of mass education.

The fact is that those guys were likely no more fitted to become tool and die men than they were electrical engineers or medical doctors.

Tightening the bolts on rear deck lid brackets for 8 to 10 hours? loading a fixture with a cover plate and pulling the handle of a Natco gang drill again and again? Well, that might be something they could do to earn money honestly, however miserable the work might be.

And because semi-automated manufacturing and assembly at one point emphasized a high degree of division of labor and repetitive rote work, it absorbed many of these brainless types and kept them off the streets. Of course they were sometimes about as useful to corrupt and self-dealing union leaderships as they were to their employers.

There is a theory that the stupid can be as morally edified as anyone else, that moral sense is a different faculty than the intellect, so to speak; and that the dull therefore do not deserve ostracism and marginalization -done in self-defense one might say.

I don’t know myself …

At one extreme the self-regarding effete “elite”, who are proudly clueless when it comes to the material foundation and contingency of their own lives; at the other, those who have to be constantly reminded to close their mouths because there are flies, about.

And trapped in between, by their own civility and tender consciences, are the rest.

But the same thing happens with the serious candidates. They make these promises/stated intentions, put up policy opinions on their website, then get elected and things evolve into something different.

Trump’s campaign is an entertaining parody of our system.

If I were conspiracy minded, I would say that the global elite is bringing bread and circuses to our election and governing.

Do you think a tax can be imposed by executive fiat?

If you asked DJT about Andrew Jackson you would receive a blank stare or at most a he was great like I am YUGE! response. Comparing Trump to Jackson is IMO is a dead end street. There is no there there simply because DJT is as dumb as a stump when it comes to history. Why? Because history began with his birth.

Of course, those persons who file income tax returns will be able to use the withholding as a credit, just as nonresidents do now. If they never file returns, well, too bad.

Will there be people who try to evade the withholding? Of course. Are there people who try to evade taxes now? Of course. Does that mean we stop collecting taxes? No.

http://chicagoboyz.net/archives/11680.html