Spend More, Tax the Rich Americans Say

Discussion in 'Politics' started by Toro, Dec 10, 2009.

  1. Toro
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    Toro Diamond Member

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    Americans Want Government to Spend for Jobs, Send Bill to Rich - Bloomberg.com
     
  2. Skull Pilot
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    Skull Pilot Platinum Member

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    Just goes to show you how clueless the American sheeple are
     
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  3. DiamondDave
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    DiamondDave Army Vet

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    Exactly.. most people never consider themselves among the 'rich'.. and it is easy to demonize and try and force the punishment on to someone else..

    This is EXACTLY why we are not a strict democracy and exactly why the country is set up as a republic... to keep they tyranny of masses from taking away the freedoms of the rest of the country
     
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  4. uscitizen
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    uscitizen Senior Member

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    People never consider themselves among the stupid either ;)
     
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  5. DiamondDave
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    True 'nuff.. Chris is probably the prime example of that
     
  6. VaYank5150
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    VaYank5150 Gold Member

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    I have a hunch, Rasmussen's poll would show something completely different.....just sayin'
     
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  7. Saladin
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    Saladin BANNED

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    A rightist will refer to capital flight and the Laffer Curve as justifications against more steeply progressive taxation; a leftist will refer to diminishing marginal utility, as $10 is effectively worth more to a man with $100 than to a man with $1,000, to put it in simpler terms. I'd agree that the latter justification is more persuasive for various reasons.
     
  8. Skull Pilot
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    Skull Pilot Platinum Member

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    Marginal utility is just a justification for higher taxes on the most productive.

    Personally every dollar i earn is just as important as any other.

    I just utilize it differently (better) than someone else would.
     
  9. The Rabbi
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    The Rabbi Diamond Member

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    No, an economist will show that if you increase incentives to certain behavior, like low earnings, then you get it.
    A political hack will use terms like "marginal utility" to justify communistic type policies that have been proven to bankrupt every country they've been tried in.
     
  10. Saladin
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    Saladin BANNED

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    Well, even appealing to basic intuition, we're aware that money far in excess of what is needed for the purchase of essential necessities will be used on commodities or simply hoarded. This is particularly morally repugnant because of the fact that these usages provide far less happiness than a poorer person's usage of that same money on necessities would. For example, Ahuvia's If money doesn't make us happy, why do we act as if it does? notes that "[r]esearch on income and subjective well-being shows that among the non-poor, increased income has little or no lasting impact on happiness."

    An increase of progressive taxation on the basis of diminishing marginal utility will finance the social infrastructure so critical in the state's role in maintaining stability in the capitalist economy. That's ultimately quite inconsistent with communism, inasmuch as the private ownership of the means of production is sustained this way.
     

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