Yeah but if everyone read it, how many would understand it.
Interesting that this makes the light of day.
Like so many things, it’s the issue the politicians want, not the solution.
Great article. This is what Republicans need to get back to... a message of lower taxes, less spending, BACKED UP BY THE STATISTICS.
Obama’s (and the Democrats’ in general) idea of “the rich” is anyone making over $40K/yr. The tax hikes will hurt people across most of the income spectrum. ...in a big way.
Required reading indeed. So, on average, we’re all working one day a week for the feds...way too much, I say.
A couple of fist-fights does not make a war. Medieval science—that is to say, science—was created by religious doctrine. That doctrine would be Christianity, building on the doctrines of Judaism and the philosophy of certain Greek geniuses such as Aristotle.
Briefly, in contrast to the pagan view that the world is run by capricious gods, the Christian view has always been that the universe is a place obedient to laws written by a loving God, and that truth is absolute and discoverable by man. There's a reason why the fathers of modern science, such as Copernicus (cosmology) and Mendel (genetics), were priests.
I'll read the jump, and trust that the rest of the article is better informed.
“They do not want to own your fortune, they want you to lose it; they do not want to succeed, they want you to fail; they do not want to live, they want you to die; they desire nothing, they hate existence ...”(Atlas Shrugged.Ayn Rand.)
Why yes, of COURSE this would be solidly comprehended by the airhead brainless oprah-worshipping soccer moms in my neighborhood:
"The interactions among the myriad participants in a tax system are as impossible to unravel as are those of the molecules in a gas, and the effects of tax policies are speculative and highly contentious."
I can just imagine the glazed look in their eyes. Apologies for the sarcasm, but many in redzones don't realize how bad it's gotten. Ever notice how dumbed down TV commercials have gotten? There's a reason.
I'm serious. It is the uber-wealthy who want to drive down the middle and upper class by taxing income, a tax they don't even feel. As soon as someone gets really rich, he starts wanting to make the middle class poor. Look at Soros, Bill Gates--they become "progressive" to gain status among their billionaire peerage.
It would appeal to my class resentment. I resent the heck out of meddling, condescending billionaires--and preachy nitwit Hollywood bigshots. Tax their wealth, since they don't really value it anyway.
I remember some discussion of this chart 10 years ago...anyway, the obvious objective is to increase GDP as 19.5% of a bigger GDP number creates more revenues. Will Obama’s plans to nationalize healthcare, curb free trade, confiscate profits from oil companies, and institute additional regulatory barriers grow GDP?
Great read.
I think the top third of taxpayers should pay 25%, the middle third 15%, and the bottom third -- all of them -- a token payment of 5%.
I have come to regard Bush's elimination of all taxes for such a large proportion of the poor to be a mistake. They do not feel invested in the nation in the same way as the rest of us. To them, government is merely a giant pinata to be beaten until it showers them with free goodies. Much better to make it one modest line item on the family budget, to which they will pay close heed when pandering politicians promise them the moon.
-ccm
Great article....thanks for posting it!
I’ve already quit my second job due to too much being lost in taxes.
Self-employment tax, income tax, AMT....screw them all.
Lower my tax rates, and I’ll work more....raise them? I’ll work less and enjoy life.