Quote:
Originally posted by Spanky
I agree with but I also think it is that so many immigrants make it big here (like Carnegie) that our economy attracts the best entrepenerus from around the planet. Other countries drive them out and we suck them in.
What I don't get is the obsession in my party of some of the people to protect wealthy tax payers. It is bizarre. And it is not the wealthy country club Republicans that are obsessed with tax cuts for the rich, it is more of the middle class Republicans. It is like it is some moral crusade or something. The point behind low taxes is to stimulate the economy so the rising tide lifts all boats. It is not to stop the government from "unfairly taxing" the rich.
It is like free trade an capitalism. We don't have them to help a few get rich, it is because free trade and capitalism, when instituted properly, benefits every strata of society.
Tax policy should be engineered so that growth can be optimized. If you can get more tax money out of the rich while you are doing that, that is the best of all worlds. Taxes are a necessary evil. It sucks that we have to tax rich people. But it sucks even more that we have to tax poor people.
The point is to increase growth while taxing the poor people as little as possible.
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I'd only add to this that somewhere the Government has decided that spending and taxing are only remotely and not directly related. Whether it was the late Keynesian advocacy for mammoth deficit spending or the Supplier-siders' theories that tax reductions would pay for themselves, the idea that you don't have to make both sides of the equation add up strikes me as blindingly, obviously wrong.
