Published: Wednesday, Oct. 30 2013 12:00 a.m. MDT
Updated: Tuesday, Oct. 29 2013 6:14 p.m. MDT
Remember early in his presidency, Bill Clinton obtained a substantial increase
in upper bracket tax rates. The wealthy never forgave him for it, and this was
a big part of Clinton's problems later. BUT, the resultant deficit
reductions fueled a decade long boom (good for everybody including the wealthy).
When George W. Bush became president a first priority for him was to nullify
Clinton's upper bracket rate increases. This he did, but such coupled with
off-the-budget wars fueled the debt load we have today. The evidence clearly
supports Professor Davis' point of view.In capitalism the
wealthy get all of it in the end. Progressive tax policies have money circulate
through more hands before it gets to the rich guys. This is literally the way
it is in our current system - the one we have to play with for now.
Thank you Richard for reporting the facts and giving us some common sense into
this debate. It's obvious that we need to raise taxes, especially on the
wealthy. We are an industrialized nation and have a lot to pay for.Unfortunately, there's going to be a lot of static noise today. These
folks cannot be reasoned with and will provide you with really long drawn out
excuses (without any facts) for how we don't need to raise taxes. They are essentially the Ayn Rand followers who must be ignored. They've
been given enough power already. We've seen their economy policy from the
1980s until now... And it isn't pretty!
We all hate taxes, even Democrats.But, as the article suggests, our
country had some very prosperous times with much higher tax rates. In fact, can someone cite prosperous times when our taxes were not higher than
they are today?Taxes have become such a flash point issue, that we
must throw logic and common sense out the window when the word TAX is
mentioned.Every potential GOP presidential candidate said they would
reject any plan that called for a $1 tax increases, even when coupled with $10
in spending cuts.Why? The GOP base demands it. Grover Norquist
demands it. And they all signed a pledge. Where is the common sense to that?How refreshing would it have been if one of them was brave enough to
scream "HEY, you would have to be crazy, as a conservative, to pass up that
deal"I sure hope the Democrats don't ever sign a pledge to
NOT cut entitlements.
Re: ". . . schizophrenia over taxes is not surprising."Thanks, Prof, for the predictable liberal sophistry.It's not
schizophrenic to demand common sense and accountability in tax policy. We may
all agree taxation is inevitable in civilization, but when taxes rise to
deranged, confiscatory levels, they becomes immoral and un-American.Liberals, so concerned with political victory, ignore the immense chaos they
wreak by their enforced national profligacy. Like the committed alcoholic, they
mock solutions to their tax-and-spend addiction that don't involve more
taxes, more spending, and more dependence on Big Government.This,
notwithstanding the fact that the fruits of their deranged, vote-buying
addiction are patent -- destruction of the family, particularly in inner-city
America; destruction of the health care system; destruction of millions of jobs;
and, most chillingly, destruction of the American soul of millions of our
countrymen, that cynically, opportunistically reduces them to serfdom.While liberals may have rendered true the familiar liberal mantra of the
headline banner, they refuse to address the obvious questions -- why, and what
can be done about it?
Mr. Davis, it isn't that I hate paying taxes, because I do understand the
value of some government services. What I hate is the unchecked appetite that
government has for tax money often with little or no accountability. We waste
hundreds of billions of dollars in this country and a large amount of my tax
dollars are lost through fraud and mismanagement of government programs. No one
benefits from those dollars except criminals. So, when I complain about having
to pay more, it is only because I want better accountability for the money
currently being taken from me - money that I could use to help people in need,
help my children and grandchildren, use to support local businesses, etc.
Instead it is money that goes into the huge black hole of government. I already
pay in taxes enough money to support another family. How much is enough without
Like all the progressives/liberals I have heard another taxes are good pitch. Mr
Davis and the rest of you progressives if you like taxes so much why don't
you(thats You) just go ahead and pay more? If taxes are so good step up and pay
them. Progressives mantra is spread the wealth which eventually becomes spread
You want to balance the budget. Revenues. Cuts alone will never do it in 100
Yes, agreed. In addition to returning to the tax rates of the
sixties, we should also institute a carbon fee and dividend plan, as noted in
David Folland's op-ed today 'We're Gambling with our
Future'. Such a fee would be a great economic development incentive AND
would provide tax relief for all citizens.
Re:1Observer"Instead it is money that goes into the huge black hole of
government"The biggest black hole there is resides in Defense.
Defense hasn't been able to account to the GAO for the money it spends.
YET, i've not heard a single Republican raise that issue.
Surveys show that most Americans think that taxes are much higher than they
really are. This holds especially true for conservatives. The 400 wealthiest
America families, with an average annual income of 300 million dollars, pay an
average of 16% of their income in federal taxes. For middle income Americans,
federal income taxes average around 10%. That is hardly a "confiscatory"
Progressives are always very good at spending other peoples money. When, in the
last fifty years has the federal government EVER decreased spending? The
sequester is the ONLY time that republicans were able to reign in government
spending. No one is advocating abolishing all government, but when they look
into the future, they see an economic collapse. It would be better for everyone
to experience a little pain now, than a lot of pain in the future.
I don't hate taxes. I love them. It's the price I pay for clean water,
safe streets, a nice neighborhood school, fighter jets protecting my country.
The alternative is unthinkable.
Excellent article, Mr. Davis.I also appreciated the reminder by
Marxist about the prosperity under Clinton, who raised taxes on the wealthy, and
the economic disaster under George W. Bush, who slashed taxes on the wealthy.
With Americans growing fed up with Republican extremism, maybe we can elect a
Democratic House in 2014 and return taxes more to Clinton-era levels to get the
@ 1Observer: Right on! I will be happy to pay more taxes when I stop seeing
"smart" government people spend a million bucks for A) something that
only costs $250 if you have any clue what you're doing and B) something
that is totally unnecessary for any reason whatsoever.And this goes
10-fold at the state and local level. It's why I think all government
employees (not just Congress) ought to have term limits. After a few years of
spending other people's money, go back to spending your own already.@Truthseeker: I am a Republican who worked as a civilian on a Navy base
for several years. Yes, defense spends money as foolishly and unnecessarily as
anyone else. But to say they're the only federal department who should ever
be cut in any way, as most Democrats have said in my lifetime, flies in the face
of all common sense.I think all federal government departments
should be cut by vast quantities of people and it would make the country a
better place. You know the old saying: What do you call a million
federal workers losing their jobs?A good start.
An excellent analysis; however, I could never advocate taxing the rich more
until we tax the entire population. Over half of Americans pay nothing in
Federal income tax. In fact many (myself included) receive money on our tax
returns through refundable credits - credits that allow you to receive more
money on your return than you paid in during the year. In the past 3 years I
have received well over $10,000 that I never paid in! It's ridiculous! I
make a reasonable salary that supports a family of 5, pays the mortgage, and
provides a comfortable (not extravagant) living. Why shouldn't I be
expected to contribute? Until we decide the "rich" need to bear the
burden of funding our government programs let's ask the largest segment of
the population to at least contribute something. If that segment of the
population is unwilling to have skin in the game I think it's time to claw
back on government programs.
Truthseeker...because defense is not the biggest black hole. All
the entitlement programs add up to much more than defense, and that is where you
will find the biggest black hole, or fraud if you will. Fix them all.As for increasing taxes on the rich Mr. Davis, it would only be a good thing
if those increased taxes were spent on the "right" things. And that is
where the argument begins. What is right.
Re: TruthseekerI didn't exclude defense in my comments you just
assumed I meant to. Well, I didn't. There is fraud and abuse there as
well and there should be accountability at all levels in every program in every
facet of government, especially at the federal level. One fact I
failed to mention is that, as reported last week, for the first time in the
history of our country, more people were receiving some type of government
entitlement program (not including Social Security retirement benefits) than are
working full time. I think the number presented by the Census Bureau represents
about 48% of the US population receiving entitlements. That is a disturbing and
unsustainable trend. It would be foolish to throw more money at these problems
before we do some housecleaning and establish some accountability.
Another terrific article from Richard Davis. Thank you so much for blessing our
community with common sense and good research.
I am proud to pay my taxes to the American government of the United States of
America. There is no other government, business, religion or organization in
the world that would give me more for my money. Even so, there are
people who would complain about sharing the benefits of our society with the
others. I view these people as enemies of America and my enemies as well.
@VoiceofReasonSo you think it's more important to tax a family of 4
making 25,000 a year than it is to tax someone who makes 20, 50 or 100 million a
year? That's insane. First to say 49% of people don't pay taxes simply
aren't true. They pay sales tax, property tax(even renters pay, at lease
mine do, I figure the tax amount into the rent I charge.) Gas tax (even if they
take the bus, the gas still has sales tax attached. Your power, water and
natural gas bill all include taxes. Ya, lets tax the poor even more, then we can
hand them back their money in the form of medicaid, SNAP or Section 8. You know,
since we've decided that it's bad to let people starve in the streets.
Or we could increase the tax on the top 1% by 1%, get more money than taxing the
poor and not put those people out on the streets.
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