HappySqurriel said:
Progressive income tax schemes don't impact them they impact high income earners who tend to be upper middle class business owners; also known as the individuals who are responsible for most of the job creation within the economy. Capital Gains taxes impact investment and hurt individuals who have lots of wealth but little income; also known as retired people. The real solution is to stop trying to improve outcomes through taxation, monetary or fiscal policy; and to have a reasonable taxation rate justified by effective governmental services. |
And this is a problem with the GOP in regards to economic policies I have spoken about. There is never figuring out what the optimal tax rate is, and the right mix of government services, to optimize how the economy and people will do. It is ALWAYS cut taxes, irregardless of how it impacts the deficit and proper funding of needed government services. Even if tax rates got as low as they were under Reagan, that STILL isn't low enough. At what point do you say they are too low, or low enough, and say they need to be raised, if they need to?
I had a conversation today with someone running a coordination charity for a number of other charities in the area, speaking about the employment situation. As it is now, what is going on doesn't work. Programs don't effectively get people employment. People can be funded for training programs, but there be no jobs. And businesses are wanting workers that can hit the ground running. Talking structural problems here. Would not the answer be in addressing these structural causes, rather than say $X more dollars is needed, or just give more people tax dollars? The answer could be different in that society needs to do things different collectively, to make things work better. For all we know, maybe we hit the wall when it has come to how effective currency is as a solution for managing the distribution of goods and services in society. We also could of hit a place where employment has become so temporary, that it is no longer able to sustain any semblance of sufficient permanency to be able to properly train anyone, particularly if the training needed runs extra long.
So, let's just say that I will agree with a comment that I don't believe the answer to the current economic and employment issues will be solved by the moving of money about differently.
