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Politics : Don't Blame Me, I Voted For Kerry
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To: CalculatedRisk who wrote (6451)3/11/2004 7:53:13 PM
From: BearcatbobRead Replies (2) of 81568
 
The whole issue of taxation is distorted.

The question is not one of fairness but one of correctness. By that I mean what tax system yields the greatest income for the national use. One can clearly say that tax rates of 100% will yield nothing - no one would work. Similarly a tax rate of 0 would yield nothing. Now then, the issue becomes one of what works best. Clearly it is appropriate that those who make more should pay more. Does that mean their rates should be higher or should the percentage be the same. Personally I lean to the flat tax concept with a big exemption on the first say $30k. I also believe everyone should pay something - hence - SS taxes (aka payroll taxes) should be assessed on everyone - but perhaps without a cap and at a lower rate. Such a policy would end the fallacy that SS is a paid for insurance program.

So, what is the proper rate? I don't know. I only know that an argument based on "fairness" is political and not economic. But then again - one need only appeal to the ignorant to be elected.
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