Tax System Favors Wealth Over Work

Tax System Favors Wealth Over Work

There are 203 comments on the www.truth-out.org story from Nov 8, 2010, titled Tax System Favors Wealth Over Work. In it, www.truth-out.org reports that:

Warren Buffett. Tea Partiers rage against taxes and say they're too high. Wrong, says billionaire Warren Buffett: on the rich, they're too low.

Join the discussion below, or Read more at www.truth-out.org.

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Gozo Economics

Austin, TX

#227 Nov 13, 2010
On the road again wrote:
<quoted text>
<SNIP>
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Read the book. It is Planned Chaos by economist Ludwig Von Mises.
It's not a very long book, but it sure explains a lot - and you can print it out here - for free...
http://mises.org/books/plannedchaos.pdf
Thanks for posting this link to this book. The book is structured on a false reading of economics and history, but it has influenced a lot of people who haven't read Adam Smith. It leads them to a flawed idea of capitalism.

Because so few Americans (especially in Congress) have read the Bible on capitalism, we have a greed-inducing form that is best called "Corporatism." Adam Smith warns against the role that what we consider "sins" can play in a capitalist system if they are inadequately controlled.

In particular, Smith explains why it is necessary for the wealthiest in a society to play the bulk of the taxes to run that society.

Anybody who wants to read the two books on which American Capitalism is based should follow these links:

A Theory of Moral Sentiments:
http://www.econlib.org/library/Smith/smMS.htm...

An Inquiry into the Nature and Cause the Wealth of Nations:
http://www.econlib.org/library/Smith/smWN.htm...

Smith explains the great thinking behind a capitalist nation thriving along Christian principles.

Thanks again for the link to opinionated Von Mises book!

(($;-)}
Gozo!
Gozo Economics

Austin, TX

#228 Nov 13, 2010
On the road again wrote:
<quoted text>
<SNIP> unless you were a believer in big government (i.e.- progressive, modern day Liberal, etc.)
So, which are you?
What difference does it make what this person's political orientation is? Does that somehow affect whether his facts or opinions are true or false? Does it somehow affect whether you believe him or agree with him or not?

It seems to me, the only reason for this question is to deliver a potential insult about the person's politics.

You usually seem to be a guy who is more interested in facts than in the garbage noise. Otherwise, I would not bother to point out this example of a situation where you subtract from the conversation, rather than add to it.

Thanks, otherwise, for giving us the benefit of your best, logical and fact-based thinking.

(($;-)}
Gozo!
Don Joe

Saint Paul, MN

#229 Nov 15, 2010
Here in Vegas wrote:
<quoted text>
In what way do I get robbed?
There are many ways, but I shall elaborate on one.

I will assume you have a job and get paid a salary. The amount you get for your salary is determined by the supply and demand for labor. If there were more demand, you salary would go up, if there were less demand, your salary would go down. If someone in government, in a position of power deliberately increased supply and reduced demand with the express intent of reducing your wages and benefits, you would be robbed of those wages and benefits. Alan Greenspan, chief of the federal bank for many years, said his top priority was to keep wages and benefits to workers low. He did this by slowing the economy every time wages started to increase. Additional policy would be to refuse enforcement against companies which lure illegal workers here.

If you worked during the last 30 years, you go robbed.

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