Why not just reduce taxes for poorer people

  • Thread starter Thread starter morganist
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Quote from Pension_Admin:

"... It would mean mass lay off from the biggest organization in the country. The economic impact may be tremendous.
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Can't think of anything we NEED more...

We either accept controlled/moderated pain we impose upon ourselves or get CRUSHING PAIN AND DEVASTATION foisted upon us by others...
 
Quote from Scataphagos:

Not the issue. Deficit spending is immoral. Should not be even considered unless national emergency... like a world war.... and one where war were declared up us, not a "convenient declaration of war" just because we wanted to deficit spend, make the GDP look robust.... to support the reelection of incumbents.
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I think some deficit spending wasn't intended. During good times, various governmental organizations increase their budgets and hiring (for social cause). Government would be more loose with our money. However, once the budget is set and agreed upon, it is very difficult for the government reduce it when recession hit. Doing so could have a social and economical impact. Hence, there will be a deficit in spending.
 
Quote from Pension_Admin:

"... once the budget is set and agreed upon, it is very difficult for the government reduce it when recession hit. Doing so could have a social and economical impact. Hence, there will be a deficit in spending.
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Still, immoral. Deficit spending is a tax to confiscate the wealth of the citizenry (mostly for political gain). It's wrong.. When a national, state or local government comes up against an "income shortage", the solution SHOULD BE... TRIM SPENDING... just as a family would have to do.

One of the most important jobs of the government USED to be... to "preserve the public purse"... that is, preserve the wealth and buying power of the public's money.

Let's not forget... "Destroy the country's money, destroy the country and the citizenry"...
 
Quote from MohdSalleh:

in NYC, even if u make 200k its nothing, after paying federal,state and city tax, 40% is gone
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I am just trying to point out that union is great for the guys who make hourly wage. It isn't such a good idea for guys who make $100k+/year.

I agree, with such high tax and the high cost of living, $200k is really not a lot in NYC.
 
Quote from Scataphagos:

Still, immoral. Deficit spending is a tax to confiscate the wealth of the citizenry (mostly for political gain). It's wrong..

One of the most important jobs of the government USED to be... to "preserve the public purse"... that is, preserve the wealth and buying power of the public's money.
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There is a definitely a trade-off and for myself I don't quite understand all the costs and benefits and what the outcome would be. For example, if we stop the deficit with huge governmental layoffs, how would it impact the economy? How would it impact you and me? Our family? How would it impact on the status with the rest of the world? How would it impact national security? These are questions that are very difficult to answer and also I don't think any body is ready for a change like this.
 
Quote from Pension_Admin:

There is a definitely a trade-off and for myself I don't quite understand all the costs and benefits and what the outcome would be. For example, if we stop the deficit with huge governmental layoffs, how would it impact the economy? How would it impact you and me? Our family? How would it impact on the status with the rest of the world? How would it impact national security? These are questions that are very difficult to answer and also I don't think any body is ready for a change like this.
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You're right... we are not "ready" for such change, nor will we ever be.

Still, if we don't take the initiative ourselves (and I doubt we ever will), a SOLUTION will be forced upon us which will be worse... likely, CATASTROPHIC from our view.
 
Once you have gone off the cliff it's difficult to get "overs".
or"dibs".
I'm reminded of the old cowboy cartoon. "Whoa you son of a bitch, Whoa."
 
Quote from morganist:

poorer people are financially helped by the gov, so why are they taxed surely if they are taxed then given money back it is self defeating. why didn't govs instead of borrowing to increase aggregate demand reduce tax for low income earners who were then helped with the fiscal stimulus. the money would not have been taken from them in the first place necessitating gov help. also we would not owe money. is it just to maintain the power of the government.

is this not obvious. it is however still a viable option. reduce tax for poorer people and aggregate demand will increase instead of gov stim. this would reduce the need for gov help as people would have more money due to not having to pay so much tax.
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Have you ever looked at the tax tables? Tax is already seriously reduced for the poor. That is why the income tax is graduated, starting at 0%. . And a lot of the available tax credits. And a host of services for food, rent, heating, education, medical care and treatment, dependents, etc. etc.
 
Why not just eliminate income taxes for all people?

Why not, I ask?

Because your good government is corrupt. Very corrupt.
 
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