Share It

From: Women and Infants Participating in National Study of New Fertility Drug

in Health

Mère des robes de mariée, robes de mariée, mère acheter des robes de mariée, mère de la mariée Robes en ligne à prix réduits, Mère de la mariée Robes

From: Women and Infants Participating in National Study of New Fertility Drug

in Health

anneaux de Pandore , Pandore , la vente pandora , pandora à la vente , pandora en ligne , achat pandora , pandora rabais

From: Women and Infants Participating in National Study of New Fertility Drug

in Health

Alle Artikel :Alle Artikel :

From: Women and Infants Participating in National Study of New Fertility Drug

in Health

A. Lange & Sohne relojes complicaciones :

From: Alex and Ani Creates Limited Edition Charms for Newport Festivals

in Beauty & Fashion

vestidos , vestidos de noite , a mãe das noivas, on-line vestidos , vestidos de noiva

From: Don Roach: 5 Reasons Taxing the Rich is Stupid

in Politics

Jonathan – I get a column because you remember what I write. thank you!


Aaron,

This point doesn’t make sense:

“The U.S. has a tax code that taxes capital gains (overwhelmingly made by the richest 1% of Americans) at a far lower rate than other income. Why does this difference exist? Well, because the rich have a lot more political muscle to shape the tax code”

If the rich are able to yield their power to influence capital gains laws they should also be able to do the same for income tax, no? They can’t have power over one piece of the tax code and not another. If that is the situation, it debunks your hypothesis that being rich equates a tax policy influence advantage. But that’s not the thrust of your points and I’d like to address those.

Regarding reducing labor costs, you reduce your labor costs as much as the market will bear. Your analysis, and maybe it’s due to its summary nature, seems to occur in vacuum when our economy is a living breathing entity. Numerous organizations over the last several decades have departed the US to find cheaper labor overseas, but companies that remain – and there are thousands – capitalistic impulses are curtailed by the market realities. Meaning you have to pay a premium for skilled labor, you have to deal with unions, you have to deal with minimum wage laws, etc.

I also don’t adhere to worker as non-capitalist. If you look at how workers (US workers specifically) have operated over the last several decades most people are not staying with one company their entire careers. Instead they are taking advantage of opportunities that present themselves and are marketing their skills to the ‘highest bidder’. Thus, many workers are becoming mini-capitalist organizations seeking the highest profits (personal income) they can achieve.

You speak about the owner being capital-rich and thus not dependent upon working in order to eat. It’s not debatable that owners with capital do not have to worry about their next meal and can thus decide to work or not. They have amassed a level of wealth, or their forebears have, that has given them that choice. This ability shouldn’t be punished by government, government should be there to ensure there is equal opportunity to workers to become owners through their meritorious effort and skill. Ya know, life, liberty, and the pursuit of happiness.

Romney’s tax rate isn’t class warfare – class warfare occurs when you target a specific class and either elevate or degrade them because of their membership within an arbitrary “class”. By increasing taxes on ‘the rich’…you’re creating a paradigm and defining haves and have nots. That creates class and as a result each individual class will and should defend itself. The rich are more capable of doing so by virtue of their excess income so it seems to be the fair way to address the problem is create a tax rate that is equal for all.

From: Consulting Firm Costs Providence Millions

in News

Let's review: the government of the City of Providence uses taxpayer funds to hire a consultant to obtain a piece of another taxpayer funded program run by the federal government for the benefit of state and local governments. That's logical.

From: College Admissions: Why Every Child Should Help Pay for College

in Lifestyle

Great column! Students should be responsible for a major portion of the financing of their educations.

From: Don Roach: 5 Reasons Taxing the Rich is Stupid

in Politics

I still remember, "Ladies and gentlemen, meet your next President, Newt Gingrich." How does this guy get a column.

From: Don Roach: 5 Reasons Taxing the Rich is Stupid

in Politics

Why are capital gains taxed lower? Pretty common sense reason why. When you invest in companies, stocks, commodities, etc, you stand a chance of losing money. There's a lot of risk. When you show up to a full-time job, you do your work, collect your paycheck, and there's virtually no risk involved. Risk deserves to be incentivised.

Personally, I'd rather see all Americans pay a low flat rate, but that'll never happen. Too much "progressive" liberal brainwashing going on for that to ever happen.

From: Don Roach: 5 Reasons Taxing the Rich is Stupid

in Politics

Per the Huffington Post, Romney paid over $4 million of income taxes for 2010. Incredibly unfair share. Perhaps we should all pay the same amount, independent of income. Flat $5k or so, anything more you get to keep.

From: Don Roach: 5 Reasons Taxing the Rich is Stupid

in Politics

"Add to that the political advantage that the rich have over the working class to get policies favorable to them--such as a tax code that can allow Mitt Romney to pay less in income taxes than a middle-class family"

Well said? It isn't even factually correct. Mitt Romney pays no income tax now because he doesn't have any earned "income." He does, however, pay capital gains taxes (like Warren Buffet) as filed on his federal income tax return based on his accumulated, invested wealth. Some of that wealth was amassed during the time he did in fact have earned income (such as during his employ at Bain Capital), upon which he did pay federal income tax based on the rate structure in effect at the time to which any other tax payer would have been subject. If a middle-class family paid income tax on, say, $75,000 of earned income, both they and Romney paid the same tax on that level of earned income. Romney, having earned more than $75,000 annually during his years of employment then paid the same and even higher rates on earned income amounts above the $75,000, resulting in a much higher overall tax bill.

As Common Sense points out above, please define "fair share." It is simply impossible to have a policy debate until we agree on the facts.

From: Don Roach: 5 Reasons Taxing the Rich is Stupid

in Politics

Well said, Aaron!