werepossum
Elite Member
- Jul 10, 2006
- 29,873
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To a degree. I have no huge problem with direct gifts from tax dollars to those who are below the poverty line, to bring them up to that level. But when as the McPaper story showed one can "charity" one's way to more disposable income than someone making far above the poverty level, our system is screwed.This statement appears to contradict itself. Progressive taxation by definition takes more from some than others. Since the government provides public goods, you will always have some people enjoying more goods than they put in, thus having money from another 'gifted' to them.
I agree with much of that, but there is no crushing poverty in this country except for some of the homeless who are too addicted, proud or dumb to get benefits or to effectively panhandle. Check out Asia or Africa or south of our border for true crushing poverty; we have poverty in hundred dollar tennis shoes, poverty that is morbidly obese rather than perpetually hungry and malnourished. Poverty that in many, many cases is comfortable not working because their government largess is sufficient to discourage them from seeking work. (Don't believe Cuban infant mortality stats by the way; most of the world records severely premature and/or handicapped babies as still births. We do not.)The biggest problem in my eyes is that we can't actually sort out a tax system in a theoretical world that isn't instantly turned around as "class warfare" or "evil conservatives don't care about anyone" or "evil liberals want to take from hard workers for lazy people." In my mind (as some who grew up in a reasonably well off family and fully intends to be quite well off by the time I retire, though I'm not now) the rewards of being rich enough to pay high rates are plenty, and always will be. Material goods are great, but you really only need so much of them. In an article I was reading about Ann Romney convincing Mitt to help with the Olympics, she made basically the same point - he'd made more money than he could ever use already, so did he want to continue making money for its own sake for the rest of his life, or find something to do with his time and talent for the greater good?
Society definitely needs to have big rewards at the top to encourage hard work and some risk taking, but there were obscenely rich people back when our top tax bracket was above 90% (during a period of some of our greatest economic growth, incidentally) and estate taxes were much, much higher. People still invested their money when capital gains taxes were much, much higher, because of course they will, it's still more money just for sacrificing a little liquidity.
Meanwhile there's crushing poverty in this country, despite our enormous collective wealth, and some of the worst health care stats outside of the third world. Cuba has better infant mortality and lifespan stats than us. Despite growing productivity and much shorter vacation hours than elsewhere in the world, our workers have seen a DECREASE in their real wages for decades now, with all of the economic growth going to the top wage earners. Something's wrong with the system - people doing a better job with better technology in a growing economy shouldn't be continually worse off. If there was some kind of non-governmental solution to these systematic issues, I'd love to hear them, because I definitely agree even progressive taxation is an awkward tool that will always have some unhappy consequences even when it works. There was no "free market solution" to the monopoly trusts of the 19th century, though, and I'm not sure there's one for our growing economic problems today.
I too don't believe there is a free market solution to our dropping wages. A combination of losing manufacturing jobs and importing millions of cheap illegal workers has drastically dropped the value of our labor. We MAY get some relief when Chinese wages together with shipping costs approach parity. Then again, maybe not, as we import goods from many, many countries besides China. While free trade unarguably increases a society's net wealth over the short haul, I think it also lowers a wealthy society's net wealth while raising a poor society's net wealth over the long haul. And the obvious fears here are three - first, that we will owe so much when that rough parity is reached that we'll be unable to pull ourselves back up; second, that we'll have no commons (severely reduced societal manufacturing expertise) when that rough parity is reached that we'll be unable to effectively compete; and third, that the wealthiest will be able to concentrate wealth and power to the extent they can merely move production from one poor nation to another, thus keeping a sufficient number of poor nations to prevent us from even reaching parity and re-valuing our labor.
About the same as when Bush was re-elected, I'd say. Unless you want to posit that Muslim infiltrator commie Nazi is somehow more severe than Adolph Satan Hitler.I'm personally pretty curious on an intellectual level to see what will happen if Obama wins another term. I mean the right has whipped itself up into such a frenzy over Obama, thinking that he's a Muslim infiltrator commie nazi and all. What will that say about America if they re-elect him?
At least liberals have a choice to flee to Europe or Canada or something. American conservatives already live in the furthest right wing industrialized country on Earth by a wide margin. What will they do?