Sunday, December 13, 2009

Taxes

Let us hear again about how bad high taxes on the top margin of American income earners would be. How it would destroy the business class of America and lead to national ruin. Let us hear again how we should return to the good ole days of American pie, baseball without steroids, olde tyme values and low taxes.

Whoops.

To be clear, I am no fan of high taxes. My views on taxation have more to do with getting a return on investment on tax dollars spent and doing the job right when the job is done with tax dollars. This has little to do with the false big government vs. small goverment choice, or liberalism vs. conservatism. The real difference lies between effective government and kleptocracy.

Back in the good ole days of the 40's and 50's, we had taxes so high modern "conservatives" would all die of shock. And yet, how we spent those tax dollars made us the most powerful nation the Earth has ever seen.

But don't let actual history get in the way of talk radio narratives.

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2 comments:

DADvocate said...

Here's some charts that might help you understand better. The top 10% of earners in income pay 71% of the federal income taxes. The bottom 50% pay 3% of income taxes. Is there something unfair about this?

This is just more of Sullivan's hatred of Palin (and of the rich), the man Sullivan always wanted but can't have because Palin's a woman. You really shouldn't waste your time reading someone with so little to say. Indeed, to keep you from further wasting time and energy, I'll condense every post Sullivan writes concerning Palin: "Palin bad. Ugh."

Cousin Pat from Georgia said...

That is an interesting chart, but it too does not tell an entire story.

Nothing is unfair about that burden if the top 10% of earners make 71% or more of the wealth in this country.

My point was about narrative and tax margins. Too many people today forget just how high taxes were (and how much control over lives the government really had) back in the "good ole days" of the 40's and 50's.

Those incredibly high tax rates did not stifle investment - entreprenuers still went after profit dollars even if those profits were smaller.

Compared to the Golden Era of American society (romanticized by the "we want our country back" crowd), we are taxed far less than we were then and our lives are controlled by the government far less.

And, you're right, Sullivan isn't a fan of Palin, though I would disagree over his motivations. I don't think he's going to have a lot of nice things to say about the Palin/Nagin 2012 - Chocolate Moose Party! Ticket.

But that doesn't make the historical record of top margin tax rates incorrect.