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richardhutnik on 04 October 2012
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theprof00 said:
MrBubbles said:
its not like people are arguing for something like frances 75% tax...a couple percentages wouldnt kill them and wouldnt put the rate to a drastic level... and most of them have people to play with their money so they pay far less anyways.

Agreed. I'm not looking for an increase of even 5, or even 2.5%. Just closing some loopholes that don't help anyone, or reducing offset taxes like capital gains by 5%, and an increase of 1%. Hell, I wouldn't even mind if the rich had their sales tax added as an offset.

The rich should be rewarded for spending money, not hoarding it.
I would like a break in the payroll tax, I would like breaks for every extra person who is hired. For example, the percentage of income you pay on payroll (minus the execs) is the percentage of taxed revenue you can defer. I mean wow, that would fix so much. So simple. Companies wouldn't say 'let's hire the cheapest labor possible', they'd say, 'for every dollar extra we spend on our payroll, we can defer another 30% of taxes, why not get capable employees?'.

The more we spend on our payroll and number of workers the better the tax offset we get.

Simply taxing a company less doesn't solve anything. You need to incentivize.

It can be argued that the rich should be rewarded for practicing less thrift and investing and do more consumption, to get the economy moving.  An issue here though, is that things got to where they are by people saving, and investing.  Because of this, the entire system is geared towards having people invest, by making the tax rate for capital gains lower, and other things.  The whole saving and investing is how improvements are done, and you raise the standard of living for people.  Thing now I would say is that this has gone so well, the investments have resulted in productivity gains that have outstripped the areas to move workers into.  Demand for labor has a downward pressure, but also weird very high demands for specific sets of skills, which then causes shortages.

And all this ends up having a big vibe of centralized planning.  You end up artificially tipping the economy certain ways.  This is a problem.  What would be needed is to end up looking at what causes dysfunctions in the economy and malinvesting, malconsumption, and malproduction.  Then also have what is seen as needed to enable people to have a minimum standard to live, and have hope.  And get everything else out of the way, outside of trying to prevent negative outcomes that have really bad results.