Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (230018)	4/19/2005 5:04:18 PM
From: SilentZ	Read Replies (1) \| Respond to of 1572779

>Any lower than that is fiscal stupidity. So then we're currently engaged in fiscal stupidity. -Z

To: Taro who wrote (230018)	4/19/2005 5:16:57 PM
From: TimF	Read Replies (1) \| Respond to of 1572779

It is optimum to have taxes as high (or low) as generally acceptable by the majority of tax payers. Any higher than that reduces the aggregated fiscal intake while at the same time causing harm to the economy and reducing individual freedom beyond what is necessary to obtain a tax optimum. Any lower than that is fiscal stupidity. I disagree. I don't think reducing the aggregated fiscal intake is actually a bad thing. I am probably willing to pay less taxes if I had the choice than the average American, but if taxes can be reduced even below what I am willing to pay I would think it is a good thing. Of course spending also has to be considered with taxes. If spending is going to be very high than its probably not a good idea for taxes to be very low. When I call for reducing taxes what I am really calling for is reducing taxes and spending. What I would consider optimal is the lowest level (and simpliest least intrusive form) of taxation that covers the functions of government that are both vital and clearly constitutional, that can't reasonably be done by the private sector. That definition isn't very precise, different people have different opinions about what is vital, what is constitutional, and what can reasonably be done by the private sector, but it provides the framework in which I would choose what I consider the optimal level of taxes. Even people are willing to be taxes at twice or at 10 times that rate I would consider it to be a suboptimal solution. Tim