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Thursday, February 5, 2015

Lowering Tax Rates Would Be Costly And Ineffective

Taxes are the price we pay for civilization.
"Conservative" Americans no longer want to pay enough taxes to keep civilization alive.

1910 Income Tax Promised To Never Shift Burden From Richest 1 - 4%


Lowering tax rates would be costly and ineffective. "Even dynamic scoring probably won't make the budget numbers work for low-rate tax plans unless they also raise taxes on the middle class or cut entitlements. Back in 2012, Newt Gingrich had a 15 percent flat-tax plan that the Tax Policy Center scored as losing $1 trillion a year. Fantasy economic plans based on ideological aspiration and Reagan-era nostalgia may be fun to talk about. But Republicans like to consider themselves hard-nosed realists who understand life is about trade-offs. They need to check their math." The Week


Benjamin Franklin to Robert Morris: On Taxes  25 December, 1783

"The Remissness of our People in Paying Taxes is highly blameable; the Unwillingness to pay them is still more so. I see, in some Resolutions of Town Meetings, a Remonstrance against giving Congress a Power to take, as they call it, the People's Money out of their Pockets, tho' only to pay the Interest and Principal of Debts duly contracted. They seem to mistake the Point. Money, justly due from the People, is their Creditors' Money, and no longer the Money of the People, who, if they withold it, should be compell'd to pay by some Law. All Property, indeed, except the Savage's temporary Cabin, his Bow, his Matchcoat, and other little Acquisitions, absolutely necessary for his Subsistence, seems to me to be the Creature of public Convention. Hence the Public has the Right of Regulating Descents, and all other Conveyances of Property, and even of limiting the Quantity and the Uses of it. All the Property that is necessary to a Man, for the Conservation of the Individual and the Propagation of the Species, is his natural Right, which none can justly deprive him of: But all Property superfluous to such purposes is the Property of the Publick, who, by their Laws, have created it, and who may therefore by other Laws dispose of it, whenever the Welfare of the Publick shall demand such Disposition. He that does not like civil Society on these Terms, let him retire and live among Savages. He can have no right to the benefits of Society, who will not pay his Club towards the Support of it."

"Politics And Economics: The 101 Courses You Wish You Had"


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