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Raising taxes

Discussion in 'General Chat' started by drsmith, Dec 16, 2012.

  1. drsmith

    drsmith

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    Judith Sloan makes some very interesting points in the following article on tax.

    http://www.theaustralian.com.au/opi...y-smart-spending/story-e6frg6zo-1226536279614

    Politicians of course would just like the public at large to accept higher taxes because that's an easier path for them than root and branch reform.

    She highlights some interesting points,

    As for the Greens idea of taxing high incomes at 50%, there's the UK experience,

    I can only assume they increased the rate but didn't overcome deficiencies with the base.
     
  2. white_goodman

    white_goodman BOC

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    "Trickle down theory" and "Tax Cuts for the rich" (Thomas Sowell) examines this tax issue and tax rates when compared to tax revenue.. (you can get the pdf online its relatively short - 20pages)

    Keynes: “taxation may be so high as to defeat its object,”
    JFK: “it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.”

    its a bit of a rabbit hole issue, but as soon as someone uses the phrase "fair share" its your cue to stop listening to them
     
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