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 : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Alex MG who wrote (4037)	12/31/2016 12:28:05 PM
From: TimF	Read Replies (1) \| Respond to of 364276

It doesn't mainly give to the 1 percent, it takes less from them. Even ignoring the imorality of the taking in the 1st place, and the benefits of lower taxes in general, its important to from time to time have tax cuts that in dollar terms (not necessarily in terms of percentage of income paid in to taxes) benefit the rich more than the non rich. Why? Because tax rates go back and forth. When there is a tax increase it increases the cost (again in dollar terms, not always in terms of percentage of income) for the rich more than the non-rich. So when there is a tax cut it reasonably has to benefit the rich more than the non-rich in dollar terms. If not you have a one way ratchet towards confiscatory taxation. Now you might be just fine with confiscatory taxation, but its a bit extreme, even ridiculous, to maintain that anyone who opposes them has a moral screw loose.