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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: stockid who wrote (24799)10/25/2004 6:45:06 PM
From: GraceZRead Replies (1) of 306849
 
Socialism, is not about taxing as you say the rich it's about taxing everyone.

The top half of filers pay 96% of all Federal Income tax.

I don't think anyone would have a problem with taxation or the level of taxation if the majority voted on what they personally were willing to pay and then spending was based on that level. Say the majority decided that they are willing to pay 30% of what they make and then spending is based on those receipts. Instead what we have is a situation where the majority decides that they will pay a certain level and then some small minority will pay a much higher level. They don't think it is fair for them to spend 50% of their time working for the government but it's fair for someone else to be compelled to do so?

Then to add insult to injury, spending isn't even based on tax receipts from this new higher level. Spending is based on that plus deficit spending. The drag this has on economic growth hits everyone, but hits the poor the hardest. In an effort to artificially create prosperity, which the government feels they have to do because high levels of taxation reduce economic activity, the government then introduces inflationary monetary regimes, which punish those with savings but punish the poor even more because their incomes almost always lag inflation. This overall effect is always followed by cries to step up the various transfers and subsidies to various groups, adding to the budget woes as well as producing the opposite of intent, a tax scheme which is increasingly unfair and uneven in outcome.

so taking part of the profits that these companies produce and giving an even distrubution to the workers is not taxing the rich because the company does not belong to that individual.

Corporate taxes are simply a way to hide the real level of taxation from individuals. Corporate taxes are always paid by those who buy that company's products because the taxes are paid out of their revenues. What is comical and tragic is how people think that corporate taxes are somehow paid by someone other than ordinary tax payers. Who else is there?
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