Quote:
Originally posted by Zeke
Did you not get the metaphor?
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I believe so. But i fail to see how rich americans are going to evade high taxes by just moving to Europe. Well except Monaco that is.
Most if Euro countries have bigger taxes than US of A.
My own (Sweden) has progressive tax system that will burden ordinary middle-class with approx. 34%, going upwards to around 50% effective tax for real high rollers.
I won't discuss how tax money is distributed and used in US as I don't know enough about it, but more tax money means also that goverment can spend more, and it's not always a bad thing(even if Kaynes doctrine is antiquated nowadays).
As far as I understand, story's morale is "do not whine beacuse tax reductions help rich the most beacuse they pay most of the bill". But you do have budget deficit don't you? (Seems so:
http://www.gao.gov/cghome/fiscalimbalance/imbalance4604/img10.html ) So what's the point in lowering taxes when your goverment already is low on cash?
I mean, you can lover your taxes to make people happy in the short turn but then it means that goverment either has to borrow money abroad to cover it's expenses (which lowers currency's value towards other currencys) or to cut it's expenses which means that ordinary citizen will have to pay himself for certain services, negating the gains from tax-reduction.
AFAIK, most of rep/democrat political discussions on forum (except for incoherent ramblings of tabs and like) is about where on this graph you want to be: on low tax/everyone for himself or raised tax/more goverment control etc.