Delete comment from: Elements Of Power
Heh. You guys have descended into cliché, and in Polaris' case egregious, fact-free, cliché… at the 'neener-neener' (uber-lame) level Awww...and it didn’t take him long either.
At least Smitty tries with the 'rich aren't taxed enough' canard. Helpfully, he focused on one aspect: 'rates'.
I would counter with that the rate at which income is taxed in the US is among the most PROGRESSIVE (The ‘rich’ pay higher “rates” - to the point that the bottom 50% of income earners pay only 3% of the income tax). Wealthier Americans do pay an effective lower rate on other incomes, especially dividend income and note that the tax law includes this feature for two reasons. First (or what should be first but is probably second in bureaucrat's minds) is that the income is based upon other income that had already been taxed and the objective is to avoid double-taxation. Second, the law promotes investment and re-investment of monies that actually create more wealth: new products to be made, new factories to be built, and new people to hire and pay: new sources of tax revenue for the nation at every level of transaction.
I do find this entire point of contention is delicious, because at its very core it is also pointless, in same sense that claims of an increasing gap between the Rich and Poor is without merit. Categories of ‘Rich’, ‘Middle Class’, ‘Poor’ etc. don’t actually represent real people. Real people tend to move between the categories over the arc of their lives. The income ‘Quintiles’ of 5, 10, 20 years ago have different people in them now. Once again, I recommend Thomas Sowell, this time in video. http://www.powerlineblog.com/archives/2011/11/uncommon-knowledge-with-thomas-sowell.php
Spend ~45 minutes to learn something other than clichés, of the class warfare vein or otherwise. Hope it doesn’t explode your head.
Feb 22, 2012, 9:52:43 PM
Posted to Han Shot First