The Ecoomist a few weeks ago gave some advice to US Democrats, put on
your thinking caps and get creative, don't stand on old school
soundbites, instead of pushing the minum wage which often hurts small
business and the poor unemployed and the fact that many making
miniumwage are not poor expand and extend the earned income credit. I
largely agree, with what the corporate income tax takes in around 280
billion, that is enough to bring every non senior citizen above the
poverty level, end wage laws including overtime pay, end food stamps
and the Welfare Program, unemployment insurance, end non corporate
business licence and fees, expand and increase the amount of the
earned income credit. End direct support of public schools instead if
the per student spending is 8,500 dollars at least give the parents
a full 8,500 dollar per school age child voucher with no regulations
of schools or teachers, at most only test the child every year and
require the parent to change schools if the child fails if the
parents wants the voucher, give the parent an incentive to save money
for them and the government if the voucher is 8,500 for each child
and the parent can find a school or homeschool for 2,500 let the
parent keep half the savings or in this case 3,000 dollars, 6,000
dollars for the family with the typical 2
kids.
Instead of directly supporting Public universities and community
colleges give a voucher instead, give the student an incentive to cut
cost let him keep half the savings.--- In
[email protected], "uncoolrabbit" <[EMAIL PROTECTED]> wrote:
>
> There arebig buisnesstax breaks for example, wich are good in the
> sense that they help the economy as over taxing the buisness would
> slow economic growth. However at the same time these tax breaks
> inherently benifit larger corperations as opposed to smaller firms
due
> to the volume of production. This is a system that favors big
> buisiness. So there is economic growth, that makes more jobs. We
want
> more jobs, but then our producing big buisnesses need to stay
> competitive price wise, keeping production costs low by not paying
the
> floor worker on a level of the CEO. So cheap labour is good for
> economic growth also, however there is a cost of living. If wages
are
> to low they is a problem with daily living expenses wich is no
good,
> but you can not solve it with mandating a minumum wage, this only
> serves to raise inflation and unemployment while slowing economic
> growth. How do you resolve this? By keeping in mind the level of
> disposable income when taxing.
>
> Though they pay more of the total of goverment income, individualy
> they are not paying a larger percentage of there disposable income.
It
> works to ways, companies need labourers to get things done and
> labourers need companies to provide jobs. Taxing the labourer puts
a
> strain on the labourer and causes problems ranging form decreased
> productivity to increased crime, slowing the economy. However if
you
> try to tax the buisnisess you again hit the economy and it will be
a
> double blow again as they are interdependant. So how do you best
work
> to maintain a stable economy and move in the direction of a
> libertarian society?
>
> You tax those who are profiting the most off the system, those
> perosnal individuals with the largest disposable incomes, after
all,
> they are making those incomes from the system that is supported by
the
> taxes.
>
> Further more, these are the individuals with the money and power to
> influence goverment's politicians. If you expect change in waste
and
> excessive goverment you will have to wait for that % of the top
> earners to push closer to 100%. Only then will you see the country
> move in a Libertarian direction.
>
>
> > MJ
> > Do elaborate and provide example.
> >
> > Regard$,
> > --MJ
> >
> > I sit on a man's back, choking him and making him carry me, and
> > yet assure myself and others that I am very sorry for him and wish
> > to ease his lot by all possible means -- except by getting off his
> > back. -- Leo Tolstoy
> >
>
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