Skip to main content

Home/ Rational Society/ Group items tagged Taxation

Rss Feed Group items tagged

thinkahol *

The Blog : How Rich is Too Rich? : Sam Harris - 0 views

  •  
    I've written before about the crisis of inequality in the United States and about the quasi-religious abhorrence of "wealth redistribution" that causes many Americans to oppose tax increases, even on the ultra rich. The conviction that taxation is intrinsically evil has achieved a sadomasochistic fervor in conservative circles-producing the Tea Party, their Republican zombies, and increasingly terrifying failures of governance. Happily, not all billionaires are content to hoard their money in silence. Earlier this week, Warren Buffett published an op-ed in the New York Times in which he criticized our current approach to raising revenue. As he has lamented many times before, he is taxed at a lower rate than his secretary is. Many conservatives pretend not to find this embarrassing. Conservatives view taxation as a species of theft-and to raise taxes, on anyone for any reason, is simply to steal more. Conservatives also believe that people become rich by creating value for others. Once rich, they cannot help but create more value by investing their wealth and spawning new jobs in the process. We should not punish our best and brightest for their success, and stealing their money is a form of punishment. Of course, this is just an economic cartoon. We don't have perfectly efficient markets, and many wealthy people don't create much in the way of value for others. In fact, as our recent financial crisis has shown, it is possible for a few people to become extraordinarily rich by wrecking the global economy. Nevertheless, the basic argument often holds: Many people have amassed fortunes because they (or their parent's, parent's, parents) created value. Steve Jobs resurrected Apple Computer and has since produced one gorgeous product after another. It isn't an accident that millions of us are happy to give him our money. But even in the ideal case, where obvious value has been created, how much wealth can one person be allowed to keep? A trillion doll
thinkahol *

Elizabeth Warren on Debt Crisis, Fair Taxation - YouTube - 0 views

  •  
    Elizabeth Warren discussing the debt crisis, fair taxation and other important issues as part of her talking tour.
thinkahol *

‪Walter Burien - CAFR1 Trailer of "The Only Game in Town" - The Way Our Gover... - 0 views

  •  
    Walter Burien - CAFR1 10 minute Trailer of "The Only Game in Town" - The Way Our Government Can Be! 2010 Don't lower taxation, END IT! It is time for a real change for the "Good" and here it is... Look and Learn! To view the complete documentary via a 48 hour viewing pass that you can share with your friends and family go to - http://CAFR1.com
thinkahol *

The Truth about 'Class War' in America | Common Dreams - 0 views

  •  
    The tax structure imposed by Washington on the US over the last half-century has seen a massive double shift of the burden of taxation: from corporations to individuals and from the richest individuals to everyone else. If the national debate wants seriously to use a term like "class war" to describe Washington's tax policies, then the reality is that the class war's winners have been corporations and the rich
1 - 4 of 4
Showing 20 items per page