Published: Saturday, May 19 2012 12:00 a.m. MDT
Democrat tax policy 101: punish success, reward failure. Repeat until you
achieve third world status.
"What the nation truly needs is a tax code more friendly to business,
investment and wealth creation, and less punitive of capital gains."In the Eisenhower era, corporate taxes brought in 25% of all federal
revenue. That is now down to 6%, a 75% reduction. There are many profitable
companies that have an effective tax rate of zero, or very close to it. Capital
gains taxes are down to just over half of what they were Reagan left office.
Still, that's not good enough for you.There is no developed
country to which our rich could go and pay lower taxes than they do here. There
are a few small tax havens like Monaco, Singapore, or the Cayman Islands, but
those can hardly be called countries.
"The difference, we suspect, is that four years ago politicians in power
hadn't yet begun pushing for increased taxes on the rich in order to solve
the nation's debt problem."I am really sick of hearing this
statement.In reality, all will need to sacrifice. You know... that
shared sacrifice thing.The rich are paying the lowest tax rates in
60 years. (and continue to accumulate the majority of the wealth)It
is not unreasonable to raise those taxes while cutting services which primarily
benefit the poor.No, taxing the rich more wont "solve the
nation's debt problem." And I doubt that anyone believes it will.It is obvious to anyone without a partisan agenda that we need to Cut Medicare and MedicaidReform SSCut defense spendingraise taxesThat is what any solid businessman would do.
Regardless of politics.
Rich and powerful are able to blackmail local and state governments to grant
them special tax deals simply by offering to move to their location. And as we
see in this article, nations are subject to the same criminal behavior. The tax reform that we need is to stop the grab-the-money-and-run
thinking. We need a fair and equitable system for our civilized nation that
maintains a healthy government while distributing the costs of life more in tune
with the benefits we get. Currently income is the best measure.Such
a system would be a flat rate income tax on every income from every source of
income created by Americans and paid to Americans. No deductions, no
exemptions.The flat tax takes away the need for individuals to fill
out forms and make payments. The tax can be withheld by the business operation
in the United States as a simple flat rate calculation on all outgoing money
that the business distributes for any cause. It doesn’t matter where you
live or citizenship, if your income is derived from commercial activity in the
United State you pay the United States income tax.
And liberals can’t figure out why businesses and taxpayers in California,
New York, Massachusetts and other “blue” states are leaving in
droves and moving to “red” states, like Texas, N. Carolina or even
overseas to Singapore! Keep punishing success, achievement and excellence and
you will have much less of it at every level! Keep demonizing the
“rich”, drive them out and who will pay for your entitlements?
Nice thoughts, but in our self centred and extreme political climate it seems
Taxes are the cause?Really?Why no mention of labor
costs? How can America compete when corporations move their operations overseas
where there aren't any regulations, children can be used, and wages consist
of a few pennies?Why no mention of the lack of demand? In America,
most of us have been saving up and not spending nearly as much because Wall
Street and the Banks destroyed our economy. Instead of trying to
perk up the rich, we need to concentrate on building up the poor and middle
class.Sorry, but helping the rich doesn't help everyone else.
We've seen enough trickle down economics, haven't we? They've
Schumer has never met a tax he didn't like and especially a camera.
The first law of holes: if you are in a hole, stop digging! Instead of thinking
of ways for the government to get more people to pay higher taxes, how about we
force the government to spend less? Wow, why hasn’t anyone in the
Democratic Party thought about that? Its only a matter of time before we will
either cut government spending or we will default! If you doubt this, look
across the pond to Europe; where they are, we are heading!
Re:MountanmanSorry to burst your bubble.Studies found the rich
— those in the top 20 percent of income earners — leave California
at about the same rate as they arrive.Poorer people leave California at a
higher rate than rich people.Debt as a percentage of GDP is what
matters.Austerity measures without a healthy economy can decrease demand,
decrease GDP, resulting in a worsening of the debt to GDP ratio, which is what
is happening in Europe. Japan on the other hand, had the best first quarter in
2012 due to rebuilding after the tsunami. Cutting spending means
increasing unemployment or reducing salaries, which is what is currently
happening at the state level. While job creation has increased in the private
sector, the public sector continues to decline.
"Money is a coward; it goes where it feels safest. Like water, it flows
through paths of least resistance."Wrong. Stupid money is a coward
that goes to the safest place and earns a minimal return. Smart money goes to
the best ideas and earns superior returns, no matter where they exist. Do
venture capitalists invest in safe things? Money is not the real job
creator in this country (in case you haven't noticed, we are not a capital
intensive economy anymore). Innovation creates jobs. The innovators seldom have
money (how much money did Bill Gates or Mark Zuckerberg have when they started
out) but they find it. Our superior educational system is essential for
continued innovation. Foreign kids are attracted to the best colleges in the
world, and if we let them in and educate them, they will expatriate and compete
against us. Savarin is just one example among millions. Large Asian businesses
are full of American educated talent. If, as a result of trying make the
capital owners more wealthy (by taxing them less), we destroy our innovative
environment by defunding our schools, we will lose our innovative edge. Then
the money will truly go elsewhere.
The USA is growing into a corporate state that is owned and controlled by giant
international corporation (including international organized religion Non-profit
churches) that are owned and managed by the super rich capitalists. Now
corporations are considered people, and real people have lost their voice and
political influence in their lives and become pawns to the manipulation of
market management of the super capitalists. But when the super capitalists have
all the money and power; who are they going to sell to. At that point they
will be sacrificing the peoples lives in wars for dominance and one corporate
world control where people don't really matter just power and money rules.
That'll be the day when Congress will encourage economic investment and
avoid GOP reactionary politics. This is how nuts these people are. Ron Paul
started what his supporters call a revolution. Now, that revolution is
threatening to march on without him. In what amounts to public pleading with
his passionate supporters, Paul’s campaign has made clear that he wants
them to tamp down the rhetoric, and to be respectful of Mitt Romney at the
national convention in August when Romney is crowned the GOP nominee. He
reminds me of Forrest Gump in terms of social skills. "ALL" the GOP
care about is "MORE" guns for the hunters, and subsidies for the Koch
Brother's and their "Rich and Famous" and more tax breaks for them
alone. More GOP "welfare for the rich" government subsidies to big
business, pork-barrel and Earmark Pentagon contracts to weapons makers, huge tax
breaks for wealthy individuals, and most recently, colossal contracts for
post-Katrina reconstruction to politically connected companies like Halliburton.
I told you I would tell you the truth.I didn't say
you'll like it.This truth speaks for its self.Let
the debate begin.My views.
Why doesn't it surprise me that the Democrats want to tax, tax, tax and
then tax some more. That's their SOP and all they about solving problems,
most of which were created by them in spending ourselves blind. Has the
spending part worked? Not too well. I guess we must need Uncle Sam
to solve our problems when we won't solve them ourselves. For example, all
that GM needed was some more people to buy GM cars, but no, everyone had to have
a Honda or a Toyota and then gripe that GM needed government help. Another example: I live in conservative Farmington but they have built a new
City Hall, Swimming Pool, Fire Station, Police Station, two Public Works
Buildings and Community Center in the last 2 decades. So is that enough
spending? No.....now they want to build a "Recreation Center" and
continue to spend the taxpayer's money....whether they need a rec center or
not. Once in power, "spend someone else's money as fast as you
can" is the government mantra. To make ends meet you can just raise taxes;
that's the magical answer; same for the school district.
A bus load of politicians were driving down a country road, when the bus ran off
the road and crashed into a tree in an old farmer's field. The
old farmer, after seeing what happened, went over to investigate. A
few days later, the local sheriff came out looking for the missing politicos,
saw the crashed bus, and asked the farmer where all the politicians had gone.The farmer said, "I buried 'em all out back."The sheriff then asked, "Were they ALL dead?"The old
farmer replied, "Well, some of them said they weren't, but you know how
them politicians lie."
toosmartforyou:Your post doesn't add up. First you rail on
Democrats for being big spenders, then you go on to say you live in CONSERVATIVE
Farmington and all they do is spend. Please explain why all the Farmington
conservatives are spending so much. I note that the mayor ran unopposed in
Farmington and only 21% of registered voters turned out for the last City
election, so it appears that most of the conservative residents are okay with
all the spending. Republicans talk a good story but they are huge
spenders. Just the other day, the Republican House appropriated more money for
the military than they had asked for!! The Republican Party is all about the
back-room deal and making the rich richer.
When will the government understand that it is not their money?When
will Congress understand that you reward those who provide jobs for others, you
don't punish them?When will Mr. Obama realize that there is no
"rich guy" who is going to sit still while the government strips him of
his possessions?Wealth has been flowing from America for years.
Businesses have closed. Jobs have been lost. Why? Because the government
thinks that it can buy votes.When 47% of the people pay no income
tax, the system is broken. When people are renouncing their citizenship, the
system is really broken. When foolish Congressmen think that they have the
right to redistribute wealth, they are only telling us that they are utter
I am tired of the "tax reform" mantra. We do not tax reform we need
Monetary Reform. We wouldn't need to be taxed if our monetary system was
not based on debt.Our money is debt. All of it, period. The dollar
in your pocket is there because someone went into debt. You may be debt free but
it would be impossible for everybody in this nation to be debt free because if
someone isn't borrowing money(bank credit) then a mass depression would
ensue.Stop the talk about tax reform and instead focus on changing
the monetary system from debt based to debt free based.
What the Deseret News does not understand, along with most of it readeship, is
that the economy is a loop - with citizens and corporations dealing with
taxation, and wokers dealing with working conditions and wages. One cannot
decide if various measures are apporpirate unless one peers inside of the
enterprise to see how labor is treated. This is a dimension with which the
Deseret News cannot deal because it itself is a corporation, as is its
ownership. So they see the corporation as virtuous and labor as venal.
Our 21st century pioneers are innovators, especially in the digital world. Lower
tax rates do not foster innovation, education and imagination and boldness do.
Starving our schools to bloat corporate profits does not promote innovation.
Innovators are the true job creators, and attract investors to capitalize their
ideas. There is plenty of wealth in this great country to fund Social Security
and provide affordable health care for every American, necessary common goods if
we are to have the liberty to pursue happiness.
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