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They are productive people, they do other things like move to places where there are less taxes mostly out of USA. They hire people outside USA where payroll ta
by yanilkr 11y ago
They are productive people, they do other things like move to places where there are less taxes mostly out of USA. They hire people outside USA where payroll taxes are less. Or they stash in cyprus and panama. Or buy politicians.
Why do you think Steve jobs and other CEOs give them selves 1$ salary because they want to avoid paying income tax and want to pay less capital gains tax.?
- aninhumer 11y ago>They are productive people, they do other things like move to places where there are less taxes mostly out of USA. They still need to sell their goods in the US, so we can tax them then. And as these countries develop, they'll start to implement similar social programs. Eventually there'll be nowhere left to hide. >Or they stash in cyprus and panama. Or buy politicians. These are separate problems, with their own solutions.
- yanilkr 11y agoIf all you have is a hammer everything looks like a nail. If the only thing you can imagine is taxation then you try to solve every problem with taxation.
- aninhumer 11y agoI can imagine many things, I just think taxation is the most obvious solution to the inevitable inequality that results from allowing people to accumulate capital. And I tend to find that libertarians cling just as hard to the hammer they call "property rights".
- yanilkr 11y agoThere are similar number of people who are raising above their class and similar number of people falling below their economic class. The income inequality will probably exist no matter what we do because not everyone of us are born with same calibre and America is a huge country. In America there is equality of opportunity but you want to give equality of outcomes which is almost impossible to do without crossing moral boundaries. Imagine a class of students, do you think it makes the class more smarter if you take grades from better ranking students to underperforming students? Income tax is exactly that a very regressive idea.
- aninhumer 11y agoI have no problem with the kind of inequality that comes about because some people are more skilled than others. That's the incentive to acquire skills, and that's fine. My problem is with the kind of compounding inequality that arises when you start allowing people to accumulate capital, because those who already own capital are more able to earn money than those without. In order to avoid this, without abandoning the benefits of capitalism entirely, we introduce a slow constant rate of wealth redistribution. This gives those without capital a chance to acquire some, and potentially do an even better job with it. >In America there is equality of opportunity Do you really believe this? Do you really believe the child of a poor family is equally able to learn the skills to succeed as a child raised in a rich one? >but you want to give equality of outcomes No, I just think extreme and consistent disparity of outcomes is evidence of a systematic problem.