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Thread: Does this chart means the US had a 100% taxrate and can it happen again?

  1. #21

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    Quote Originally Posted by jamstigator View Post
    There are several reasons to have progressive taxation. Here are some.

    3) Rich people pay more in taxes because they use more of the stuff that taxes pay for. They have more cars, more houses, more valuables that need protecting from ciminals. Many poor people don't use roads (no car), don't have a home for fire departments to ever have to put out, don't have anything worth protecting from criminals. It costs money and time to protect the stuff owned by rich people FROM poor people.
    LOL! This is the funniest stuff I've heard all day. Maybe it got too expensive to house each criminal for 30 grand a year (of course with our tax money) so they let them back on the streets. But then again, I would think the rich would have their own security guards.

    All those stuff you listed were either funded by local taxes (fire & policing) or gasoline taxes (roads). A lot of those taxes are flat. Quite a few states do not even have a state income tax. Federal taxes fund mostly military, interest on national debt, bailouts, and healthcare. Much of the stuff you don't actually use or see, except for healthcare.
    Last edited by asusenior; 12-28-2009 at 01:50 PM.

  2. #22

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    I'm a libertarian and my view is that taxation is wrong in the first place. Taxation is simply confiscation of property by government.
    I believed that once as well. I have since come to think of it this way:

    Is a deed restricted community that has a dues charging HOA wrong? No, because the HOA dues pay for things that benefit the entire membership- mowing grass in common areas, street lighting, playgrounds, etc.

    Similarly, there are functions that government is and should be responsible for- THOSE taxes are not wrong, because I get value for them. At the national level, a limited military to protect the citizens from invasion (NOT to play world police force). At the state level, roads paid for by use taxes on fuel, and at the local level, police and fire services, are all examples of this.

    Not included in this is: schools, welfare, medical care, food stamps, policing the world, and foreign aid, to name a few.

    The difference between the two is that EVERYONE benefits from certain services, and those services provided to only segments of the population are only paid for by the segment receiving the benefit. Don't want a well policed community or a well equipped, professional fire department? Live outside the city limits. Don't want to drive on the roads? Don't buy fuel. Don't have kids? Then you don't pay the school tuition.
    When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed.- Ayn Rand

  3. #23

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    Quote Originally Posted by sharpenu View Post
    I believed that once as well. I have since come to think of it this way:

    Is a deed restricted community that has a dues charging HOA wrong? No, because the HOA dues pay for things that benefit the entire membership- mowing grass in common areas, street lighting, playgrounds, etc.

    Similarly, there are functions that government is and should be responsible for- THOSE taxes are not wrong, because I get value for them. At the national level, a limited military to protect the citizens from invasion (NOT to play world police force). At the state level, roads paid for by use taxes on fuel, and at the local level, police and fire services, are all examples of this.

    Not included in this is: schools, welfare, medical care, food stamps, policing the world, and foreign aid, to name a few.

    The difference between the two is that EVERYONE benefits from certain services, and those services provided to only segments of the population are only paid for by the segment receiving the benefit. Don't want a well policed community or a well equipped, professional fire department? Live outside the city limits. Don't want to drive on the roads? Don't buy fuel. Don't have kids? Then you don't pay the school tuition.
    Actually most of those things, maybe except the military, can and should be funded privately. Schooling maybe the worst thing ever to be funded by government. The quality is often terrible, teachers get tenured and have little incentive to perform their best afterwards, the "one size fits all" curriculum is unsuitable for many students. Additionally the socialist indoctrination in the classrooms from the economics and history textbooks is government propaganda.

    Ever wonder why mass transportation is scarce and inefficient in the US? Because of the overbuilding of roads and highways (often going to nowhere), taking you forever to get from point A to point B. The first highways in this country was built with private money. The first subways (New York) was run privately. Why can't it happen today?

    In fact there was no income tax until 1913 and that amendment was considered illegal.

  4. #24

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    Schooling maybe the worst thing ever to be funded by government. The quality is often terrible, teachers get tenured and have little incentive to perform their best afterwards, the "one size fits all" curriculum is unsuitable for many students. Additionally the socialist indoctrination in the classrooms from the economics and history textbooks is government propaganda.
    I concur. In my county, there are 52,000 students. This year's annual budget is $835 million. That works out to $16,000 per student. For that kind of scratch, you could hire a teacher to go to each home and teach the children two at a time.

    In fact there was no income tax until 1913 and that amendment was considered illegal.
    Does that really matter? Half of the Federal govt's budget is money printed out of thin air.
    Last edited by sharpenu; 12-29-2009 at 08:29 PM.
    When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed.- Ayn Rand

  5. #25

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    Quote Originally Posted by sharpenu View Post
    Does that really matter? Half of the Federal govt's budget is money printed out of thin air.
    But another question comes up: Why does the Federal government need to even tax in the first place? Or why don't they just drastically reduce the tax? I'd say part of it is to give the illusion that we're paying down the debt. And the other part is the political correctness of wealth redistribution.

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