From Bloomberg:Paying a higher percentage than everyone else is not a good definition of "low" taxes. Using that way of thinking we could bump up the tax on the rich to 100% for a few years and then "lower" it 99% and tell them all what a great deal they're getting.
As well as being one of the more regulated countries in the world, our taxes on business are among the highest in the world too. Our labor costs are very high compared to many other countries as well.
Read more here: http://www.bloomberg.com/slideshow/2...-business.htmlOriginally Posted by Bloomberg
The US bends over backwards to be a great place to do business. Meanwhile the American worker has suffered and the gap between the rich and poor has skyrocketed in the last 30 years. Not all of these are either/or choices, but this concept that business is struggling because of governmental interference or restrictive policies is just flat ridiculous. It's time for workers to win out on a few of these choices that are either/or, though.
The heart of a thriving economy is a strong middle class, and the best way to help create a strong middle class is to invest in it. That investment has to be paid for.
History has shown that taking less to grow the economy actually increases revenues.
Which leads us back to the fundamental question: is this about revenue or "fairness"?
Nobody agrees where that point in the curve is, however. It could be 5% or it could be 95%.
Income tax rates have been significantly decreased twice in the last 60 years, by Kennedy and by Reagan. The actual effect decreasing rates had on the economy is widely and vigorously disputed. There's too many variables for a pat analysis of the kind you're making.
It's about both. Revenue must be raised, therefore it raises the question of how.Which leads us back to the fundamental question: is this about revenue or "fairness"?
Actually you just used it wrong, whenever you base something upon your own standard it is the very definition of being arbitrary because you have based it upon your own personal whim, you have made yourself the ultimate arbiter. Of course that is not allowed in logical reasoning and that ss why I always have to press you on that issue. If you deem for yourself what is “fair” and “unfair” then you have no logical ground to make an argument that the current tax code is somehow “unfair” because you arbitrarily set the standard for fairness.
As for your last point: that's what democracies do. The population as a whole by vote or by choice of leaders sets policy that might only affect a portion of the population.
That is precisely why democracies ultimately always fail, the people eventually realize that they can just vote to give themselves more freebees at the expense of the minority.
Perseverance of the Saints
You could not have possibly hit the nail more squarely on the head. They have no standard of “fairness”, it is whatever they arbitrarily set it at. The wealthy already pay a higher percentage than anyone else; that looks to me as being more than their fair share. This is more about social justice and equal outcome than anything else, you’re absolutely right.
Websters defines Fair
marked by impartiality and honesty : free from self-interest, prejudice, or favoritism
conforming with the established rules
consonant with merit or importance
Websters defines Punitive
inflicting, involving, or aiming at punishment
Websters defines Equal
of the same measure, quantity, amount, or number as another (2) : identical in mathematical value or logical denotation
like for each member of a group, class, or society
regarding or affecting all objects in the same way
Now...of these 3, which most actually describes the tax rates espoused by Obama? And i'll go you one farther.....Romney was villified for not giving details of his plans....where are the details of the cuts that will help to balance the budget? It's all smoke and mirrors, and while everyones ooohing and aaahhhhing, our government steadily removes itself from the people and more and more becomes a puppet for the special interests across the spectrum.
Fat, drunk and stupid is no way to go through life