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Meh, calling me a communist (silly) and a socialist (true) isn’t a rebuttal to the amoral nature of capitalism, nor does it explain innovation in previous, higher-tax periods.
A flat tax is regressive because it ignores the fact that 20% of a poor person’s income is a lot more essential to their health and well-being than it is to a billionaire’s, even though it might represent the same fraction of their earnings (ignoring the fact that the rich have many more resources at their disposal as far as hiding their income/assets, which means that a flat tax isn’t really flat.)
That being said, I’d be willing to do away with deductions and simplify the tax code, but I’m willing to eat my hat if it happened.
“or that yours is superior to others’.” — absolutely mine is. No doubt about that.
quote:
If you are “middle class” and your income ACTUALLY DECLINED it’s because you didn’t work hard enough to get a raise and you got demoted.
ugh. poppycock of the day award on that one. you CANT be serious..
*rob*
“any moral notion of a common good, which is the reason gov’t is established in the first place.”
Assumes that everyone has the same idea of the ‘common good’, or that yours is superior to others’.
The idea of government being ‘established in the first place’ is an interesting one and open to discussion as well.
Is there any wonder why US corporations find
ways to take their corporate headquarters over-seas
when and if possible? Is there any wonder at all?
No, there isn’t any wonder. Perhaps we should make it harder to do, because I doubt dropping their tax rate down would keep them out of whatever BS tax haven they’re in now. I mean, it’s not like they’re all moving to the UK. And it’s not like we really manage to collect that much of our high percentage corporate rate, either; bad tax law, etc.
But I thought we were talking about rich people, not companies.
We are talking about both, bfarwell.
etson, I agree 100%
“And the problem with capitalism is that it only cares about profit, rather than any moral notion of a common good,”
Trot out the Trotskyisms.
I support a flat tax with fewer deductions, as long as it is set low:
1) Deductions / tax credits are an insidious means by which government tries to control behavior without direct legislation.
2)Compliance costs would be much lower.
“Is there any wonder why US corporations find
ways to take their corporate headquarters over-seas
when and if possible? ” —
because they have no sense of patriotism.