PoliticalChic
Diamond Member
The religion of taxation...
1. Youve heard of the guy who claimed he broke up with his girlfriend due to religious differences: she wouldnt treat him like a god.
Oh you too?
2. Generally, one identifies a religion as based on a deep personal faith, rather than testable, observable facts. When filtered through the Liberal perspective, the concept of taxation becomes a religious function.
3. The Laffer Curve is accepted by all knowledgeable economists, professional or avocational, as a graphic representation of revenue accrued due to taxation.
a. In economics, the term Laffer curve refers to a hypothetical representation of the relationship between government revenue raised by taxation and all possible rates of taxation. It illustrates the concept oftaxable income elasticity that taxable income will change in response to changes in the rate of taxation. Laffer curve - Wikipedia, the free encyclopedia
4. Dr. Tim Groseclose, economics professor, explains the Laffer Curve in this 5 minute video:
[ame=http://www.youtube.com/watch?v=ayad5mbSSrU]Prager University: Do High Taxes Raise More Money? - YouTube[/ame]
5. According the study, the point at which revenue ceases to increase is the 33% tax rate.
a. One study of the United States between 1959 and 1991 placed the revenue-maximizing tax rate (the point at which another marginal tax rate increase would decrease tax revenue) between 32.67% and 35.21% Hsing, Y. (1996), "Estimating the Laffer curve and policy implications", Journal of Socio-Economics 25 (3): 395401, doi:10.1016/S1053-5357(96)90013-X, http://linkinghub.elsevier.com/retrieve/pii/S105353579690013X,
6. A noted Liberal, Barack Obama, commented that the revenue purpose of taxation was secondary to the fairness function.
a. [ame=http://www.youtube.com/watch?v=YoqkOrA4tEs]Obama Taxes are for fairness - YouTube[/ame]
7. Now since there is no objective definition of what is fair from the Leftists who use the terminology, I suggest that it is a term of art more appropriate to a religion, i.e., it is based on a deep personal faith. But our Leftist friends bridle at the very though of religion dictating government policy!! So .where does this leave us?
a. The unspoken assumption is that there is something morally wrong with inequalities. Where is the explanation of what would be a fair share for the wealthy to give up? Irving Kristol, as editor of Public Interest, wrote to professors who had written about the unfairness of income distribution, asking them to write an article as to what a fair distribution would be; he has never gotten that article. Irving Kristol, Neoconservative: the Autobiography of an Idea, p. 166
8. Who is to decide what is fair, and what is too much? Some religions suggest tithing, and government demands taxes.
a. Joseph gathered very much grain: It seems it was customary for Pharaoh to take 10% of the grain in Egypt as a tax. Essentially, Joseph doubled the taxes over the next seven years (Genesis 41:34 mentions one-fifth, that is, 20%). So, in the Old Testament, 20% seems a maximum.
9. So .what is the reason to choose the Liberal religious decree for the rate of taxation, over that of any other religion? Perhaps we should allow the economists to decide, rather than the 'priesthood.'
Ohhhhooommmmmm.......
1. Youve heard of the guy who claimed he broke up with his girlfriend due to religious differences: she wouldnt treat him like a god.
Oh you too?
2. Generally, one identifies a religion as based on a deep personal faith, rather than testable, observable facts. When filtered through the Liberal perspective, the concept of taxation becomes a religious function.
3. The Laffer Curve is accepted by all knowledgeable economists, professional or avocational, as a graphic representation of revenue accrued due to taxation.
a. In economics, the term Laffer curve refers to a hypothetical representation of the relationship between government revenue raised by taxation and all possible rates of taxation. It illustrates the concept oftaxable income elasticity that taxable income will change in response to changes in the rate of taxation. Laffer curve - Wikipedia, the free encyclopedia
4. Dr. Tim Groseclose, economics professor, explains the Laffer Curve in this 5 minute video:
[ame=http://www.youtube.com/watch?v=ayad5mbSSrU]Prager University: Do High Taxes Raise More Money? - YouTube[/ame]
5. According the study, the point at which revenue ceases to increase is the 33% tax rate.
a. One study of the United States between 1959 and 1991 placed the revenue-maximizing tax rate (the point at which another marginal tax rate increase would decrease tax revenue) between 32.67% and 35.21% Hsing, Y. (1996), "Estimating the Laffer curve and policy implications", Journal of Socio-Economics 25 (3): 395401, doi:10.1016/S1053-5357(96)90013-X, http://linkinghub.elsevier.com/retrieve/pii/S105353579690013X,
6. A noted Liberal, Barack Obama, commented that the revenue purpose of taxation was secondary to the fairness function.
a. [ame=http://www.youtube.com/watch?v=YoqkOrA4tEs]Obama Taxes are for fairness - YouTube[/ame]
7. Now since there is no objective definition of what is fair from the Leftists who use the terminology, I suggest that it is a term of art more appropriate to a religion, i.e., it is based on a deep personal faith. But our Leftist friends bridle at the very though of religion dictating government policy!! So .where does this leave us?
a. The unspoken assumption is that there is something morally wrong with inequalities. Where is the explanation of what would be a fair share for the wealthy to give up? Irving Kristol, as editor of Public Interest, wrote to professors who had written about the unfairness of income distribution, asking them to write an article as to what a fair distribution would be; he has never gotten that article. Irving Kristol, Neoconservative: the Autobiography of an Idea, p. 166
8. Who is to decide what is fair, and what is too much? Some religions suggest tithing, and government demands taxes.
a. Joseph gathered very much grain: It seems it was customary for Pharaoh to take 10% of the grain in Egypt as a tax. Essentially, Joseph doubled the taxes over the next seven years (Genesis 41:34 mentions one-fifth, that is, 20%). So, in the Old Testament, 20% seems a maximum.
9. So .what is the reason to choose the Liberal religious decree for the rate of taxation, over that of any other religion? Perhaps we should allow the economists to decide, rather than the 'priesthood.'
Ohhhhooommmmmm.......