red
Well-known member
Re: 2008 Presisdential election - poll
Quote:
First, the argument isn't about who should pay or not pay or who works the hardest or doesn't. The argument is what kind of system is best for economic growth. The fact is that jobs come from those who have money and are able to start a company. As a company grows, it hires people. As those people's standard of living increases, so too, do their incomes and their abilities to invest and to also possibly begin their own business.
The income tax system, which was put in place in 1913, is not a pro-growth system and is also the most complicated in the world. Our corporate tax rate is the second highest in the world and translates into the economic necessity of having to import cheaper goods in order to bring prices down.
Economies grow by minimizing the costs of production. Since our tax system is not set up to promote economic growth, but to penalize those who earn (50% of wage earners pay 97% of all federal income tax and the bottom 50% pay just 3% of the tax burden and 40% don't pay anything).
In order to properly discuss what the government needs or doesn't need, one has to first define what the proper role of government is. Should the government simply be there to protect your rights and to be the risk taker of last resort, or should government actively promote extending you rights commensurate with your desires. Our founding fathers believed something profoundly different than anywhere else in the world -- that your rights do not come from the government but are given to you by our creator. Government's role is to protect those rights and to defend them.
One must also understand where jobs come from. Jobs do not come from the government. They come from individuals and by extension companies. By making it more difficult for companies to do business, they either go where it is cheaper, lay people off, don't expand or hire illegals
What you want government to do is to shape the tax system to make America an attractive place to do business, so foreign companies will want to come here and open up factories, thereby employing thousands and to also allow America to be competitive.
John F. Kennedy said it best (and I paraphrase) the best way to increase revenue to the government is to lower the tax rates.
If you want to economy to grow, get rid of the income tax, corporate tax, capital gains tax and the estate tax and replace it with a consumption tax. Let people keep all the money they earn and the freedom is theirs to choose how they want to pay their taxes by being taxed on what they consume. That type of tax will spur investment and is the most pro-growth tax policy that would sure as hell boost the economy like a rocket ship.
Quote:
Originally Posted by AlarmAgent
The fact of the matter is, almost every other industrialized nation in our economic tier has the same sort of progressive tax system. It has proven to be the best way for a government to tax it's people. Governments need money to fund our roads, our wars, and our basic social programs. If you really resent paying taxes, may I recommend a move to a place where you won't need to pay them; space, for instance. The wealthy should pay more, because they earn more. It's not at all punishment; after all, what country gave them the chance to make all that money? It doesn't matter how hard they worked for it, a person works hard for 40k a year, too. How hard you work doesn't factor in to your taxes, if it did, physical laborers wouldn't have to pay a red cent. Once I start seeing throngs of small business owners and surgeons starving in the streets because of the progressive tax system, I'll start to pity the 250k+ bracket. Until then, I'm sorry they'll have to put off buying a new speedboat on one of their thirteen credit cards. As an aside, trust that our tax money is not primarily going to "welfare", nor was it ever. Take a look at military spending, during peacetime or war. We have the most bloated figures of any nation (aside from Russia during the Cold War) in regards to our military, we could easily cut the defense budget and still be top dog. If you support this war, I most certainly do not want to hear you complain about a tax hike--because one surefire way to alleviate some of our economic problems as of right now is to end the conflict in Iraq. You want to keep it going, fund it with a smile on your face. edit: If it isn't made implicit by my post, my vote is for Barack Obama. To think, I'm one of those good people grown in a small, Pro-America town! How did I ever get mixed up with these elitist, terrorist, Muslim snobs? |
First, the argument isn't about who should pay or not pay or who works the hardest or doesn't. The argument is what kind of system is best for economic growth. The fact is that jobs come from those who have money and are able to start a company. As a company grows, it hires people. As those people's standard of living increases, so too, do their incomes and their abilities to invest and to also possibly begin their own business.
The income tax system, which was put in place in 1913, is not a pro-growth system and is also the most complicated in the world. Our corporate tax rate is the second highest in the world and translates into the economic necessity of having to import cheaper goods in order to bring prices down.
Economies grow by minimizing the costs of production. Since our tax system is not set up to promote economic growth, but to penalize those who earn (50% of wage earners pay 97% of all federal income tax and the bottom 50% pay just 3% of the tax burden and 40% don't pay anything).
In order to properly discuss what the government needs or doesn't need, one has to first define what the proper role of government is. Should the government simply be there to protect your rights and to be the risk taker of last resort, or should government actively promote extending you rights commensurate with your desires. Our founding fathers believed something profoundly different than anywhere else in the world -- that your rights do not come from the government but are given to you by our creator. Government's role is to protect those rights and to defend them.
One must also understand where jobs come from. Jobs do not come from the government. They come from individuals and by extension companies. By making it more difficult for companies to do business, they either go where it is cheaper, lay people off, don't expand or hire illegals
What you want government to do is to shape the tax system to make America an attractive place to do business, so foreign companies will want to come here and open up factories, thereby employing thousands and to also allow America to be competitive.
John F. Kennedy said it best (and I paraphrase) the best way to increase revenue to the government is to lower the tax rates.
If you want to economy to grow, get rid of the income tax, corporate tax, capital gains tax and the estate tax and replace it with a consumption tax. Let people keep all the money they earn and the freedom is theirs to choose how they want to pay their taxes by being taxed on what they consume. That type of tax will spur investment and is the most pro-growth tax policy that would sure as hell boost the economy like a rocket ship.
