|Quoting rwSEA (Reply 2):|
I'm sure the usual reaction will be the hysterical cries that "raising taxes will KILL our economic recovery". I'm not convinced.
Let's look at it this way:
Our government pplaces a tax on activity that it wishes to discourage, for any variety of reasons. Right, wrong or indifferent, that is what happens. Let me write that again, if the government wishes to curtail an activity it places a tax on it.
Further, if a special interest group wishes an activity to be curtailed, they lobby for a tax, conversely, if the government or a special interest group wishes an activity to continue or even expand, a tax cut or credit is offered.
That is how we use tax policy in the United States. Again, right, wrong or indifferent.
Then how can anyone argue that taxing economic activity (income, dividend distribution, capital gains, etc.) will not have a negative affect (or is it effect) on those very activities? Allowing the tax cuts to expire WILL, not may, will have a negative influence on this economy. It will kill this jobless, anemic recovery.
|Quoting bhill (Reply 3):|
More tax breaks!!?? Cry me a river....“For every dollar of wealth in America, the top 1 percent got about a quarter and the rest of us split the other 76 cents.”
Since you're so good at research, what percentage of tax does the top 1% pay into the dole? Top 10%, how about them? What about the bottom 50% of earners? What do they pay?
Taxes are necessary to run government. But when government expands into areas that it does not belong, it costs us money. Truth be known, I don't believe my tax burden is too high. But, I wish the distribution were different. Much less to the Federal Government (let's say enough to pay for their enumerated powers) and much more to my local and state governments, so that they can continue to provide my neighbors and me the services for which we need (police, fire, ems, infrastructure, etc) and those we may ask for (garbage collection, leaf collection, parks, recreational activities, etc)
[Edited 2010-08-06 17:13:46]
When seconds count...the police are minutes away.