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Old 11-09-2008, 02:54 PM   #211 (permalink)
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Currently none of the money I make is mine, because they can arbitrarily take it from me "for the good of society"

However you didn't answer my question.


What do people not get that companies do not pay taxes. It is a cost of doing business which is shifted to the consumer.

Put a $1 per big mac tax in effect and the prices of the big mac will go up by at least 1 dollar, probably a bit more since the company will have to keep track of the money which means paying for someone to spend their time to track it and file it with the government.

So any raises on taxes on the people who own or invest in companies is just going to effect the people at the bottom of the food chain.

And when the programs cost more than the rich can bare they come after the middle class and then the lower class. Then someone decides that the oppression is too much and the society breaks down. You have revolutions and civil wars and the country collapses.

Currently companies are going bankrupt and cutting jobs. So that means even more people are going to be moving towards the bottom of the food chain if they can not find employment. So the demand for more to hand out will grow, increasing the cost on businesses which they pass on. It is a cycle.

Don't think for a minute that a tax cut on the rich won't effect you, they are the ones selling you your clothes, your cars, your food, and everything else that gives us our high standard of living.
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Old 11-09-2008, 03:16 PM   #212 (permalink)
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eXcessiveForceCurrently none of the money I make is mine, because they can arbitrarily take it from me "for the good of society"
So what you are saying is (and the point I have been trying to get across), our freedom relies on the whims of our leaders. This is why Property rights are so important to individual liberty. This is why the framers used such strong language protecting this right in the constitution.

If we want to have nice roads to drive on or a strong national defense then we as a nation need to pay for it. We pay for this through taxes. The problem comes when the beneficiaries of revenues collected through taxes are not the public at large rather special groups or classes of people. This is wealth redistribution which the framers warned us would lead to infringements and even endanger our individual liberty.
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Old 09-18-2009, 08:01 AM   #213 (permalink)
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The current financial crisis is the worst the world has seen since the Great Depression of the 1930s and the US Federal Reserve move to cut interest rates will not make much difference
the main problem was the fact that an estimated 2 million Americans were going to lose their homes because they could not repay mortgages which exceed the value of their property as house prices fell dramatically. "As people walk away from their mortgages there will be more and more defaults - that undermines the whole financial system,"
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