One of the biggest problems I have with OWS and the whole "wealth redistribution" thing is that it seems to vilify and thus call for the punishment of certain people based entirely on their income level. Doesn't matter how they got their wealth or what they do with it. They're automatically evil, so tax the bastards RRAAAARGH!
Which would make sense if everyone in the 1% was a cigar-smoking money-hoarding oil baron. But they're not. Oh, some are, there can be no doubt, and I would agree even a problematic amount, but that seems a poor reason to categorically penalize success and reduce the efficacy of those who actually use their money in ways that help the lower classes and the economy at large.
I'm wondering if an alternative solution might be to raise taxes and simultaneously introduce new deductions to give greater rewards for things like charity and investing in start-up companies--you know, the stuff that actually does "trickle down." The goal would be to leave the "good" wealthy people who are already doing these things largely unaffected while forcing the "bad" ones to either change their behavior or shell out for government programs that will attempt to do the job for them.
Anyway, just a thought. No idea if it would work or not, but it might get a good discussion going.
This is Obmama's plan....
Dems are willing. The ones who aren't are the Republicans, who want tax breaks, but no raising of revenues.
THIS has been the whole fight. And they say Obama won't compromise when they don't get 100% their way!
They got plenty.
Another round of Bushco's tax cuts just to continue Unemployment...
Stimulus watered down because they had to have tax cuts...
No talks whatsoever about a public-option so they could pass ACA....
It's time the R's start compromising...something they never did when they were in power 2000-2008.
And Obama has bent over backwards to do for them, IMO.
I actually haven't seen Obama as much of a compromiser, what with all the knee-jerk mandates and shoving questionable bills through Congress without letting anyone have a chance to read them and at the protest of the majority of the American people. I view him largely as a Dem version of Bush, charging on ahead with his own agenda, middle finger in the air for anyone who raises a complaint.
Certainly haven't heard much about a tax compromise, even less so from OWS. Actually, I've yet to hear a coherent demand from OWS. Except maybe for that Robin Hood Tax thing, which sounds like its primary effect would be to make investment inherently more risky and thus further stagnate the economy.
So--what's to talk about?
You're right/I'm wrong...same old song and dance!
I'm just reporting my perceptions. If I'm wrong feel free to point me to where Obama proposed new deductions or credits to be implemented in tandem with tax increases and/or repealing tax breaks, such that not all those above an arbitrary income level are not punished for the sins of the few.
He's proposing tax credits for companies hiring veterans, and for companies keeping jobs here in America.
He's proposed lowering corporate tax rates, in return for ridding some of the agregious loop-holes.
But what is the response?
"NO. We want all tax cuts, no reform. No raising revenue. No No No No No."
And if we don't even agree that Obama has compromised, there is nowhere to go!
And you better tell all those liberals that they're mad at Obama for nothing.
by nightwork4 7 years ago
should tax breaks be given only to companies that don't outsourse their jobs?why are companies that send jobs to other countries given tax breaks and how does these breaks help our economy if they do help at all.
by Dennis L. Page 6 years ago
Do tax breaks for the rich really create jobs?Nick Hanauer, a venture capitalist states consumers create jobs and not the wealthy. He claims the rich only hire if consumers are buying goods and products and that there are not enough wealthy to support our economy. He says, "If it were true...
by Bill Russo 7 years ago
Should we give tax breaks to start-up companies developing wind, water, or solar power?Should we increase tax advantages to homeowners who install wind, water or solar power?
by Brian 7 years ago
This may not be news to a whole lot of people, but, I am getting sick of this. Why isn't the Government doing anything about it, especially when they know that it is killing our economy? Not, to mention that we are fighting wars over it, only to have the countries we are "Aiding" are...
by oldandwise 6 years ago
When I voted for President Bush, I bought into that, hook, line, and sinker. Did it happen? If it did, I certainly didn't see it. Did the wealthier get richer? Every indication they did. Did the middle class fall? The answer to that, I'm sure is obvious with the recession. So I ask, anyone, to...
by LiamBean 6 years ago
This country does in fact have a serious deficit problem. But the reality is that the deficit was caused by two wars - unpaid for. It was caused by huge tax breaks for the wealthiest people in this country. It was cause by a recession as result of greed, recklessness and illegal behavior on Wall...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|