Quote:
Originally Posted by elegant-one
Small Business owners are the backbone of this Nation. My husband & I are small business owners that actually provide jobs for others...single moms, new business owners, etc.
While I'm not thrilled with McCain, at least he will keep the tax cuts permanent & understands that you cannot continue to tax the people & businesses. I have listened to many top Economists that have stated that if Obama's Robin Hood rob from the rich to give to the poor & raising taxes gets implemented it will definitely hurt the Nation, Small Business & the Economy as a whole right now. The Government needs to stay out of our personal lives & our money.
But hey...as long as Obama is cute...what does the Economy matter.
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Okay, before I go on with what I was going to post, please let me say that I am
not talking about the US here, because I do not have enough insight in the US Economy to form an opinion on it.
However, in all fairness ...
In Norway, we have pretty heavy taxes on everything - products and wages.
The more money you make, the larger percentage of your paycheck goes to taxes.
My parents have to pay over 50% of their income in taxes.
Some people tend to complain about it a lot, but the fact of the matter is, these taxes pay for our education (the first thirteen years of our education is completely free, unless we choose to go to a private school, and higher education levels are really affordable compared to other countries as well), our health care system (which is among the best in the WORLD), and a whole lot of other benefits for the people. Welfare for those who need it, child support for anyone with children under 18, public services such as health care, police, firefighters ... And a lot more.
There are political parties who wish to heavily reduce the taxes, but if they do, they will have to get the money for all these benefits elsewhere. We have an oil fund that they plan on taking it from, but what happens when that money's gone? THAT, my friends, could quite possibly lead Norway right into an economical disaster, because that oil fund is our security blanket.
So, when it comes down to it - When I have a job, I will pay my taxes with a smile.
All I'm saying is, taxes exist for a reason.
Again though; I don't have much insight in American economy or tax policies - this is just how it is here in Norway.