24 JUN 2014 by ideonexus

 The Laffer Curve

The horizontal axis here is level of taxation, and the vertical axis represents the amount of revenue the government takes in from taxpayers. On the left edge of the graph, the tax rate is 0%; in that case, by definition, the government gets no tax revenue. On the right, the tax rate is 100%; whatever income you have, whether from a business you run or a salary you’re paid, goes straight into Uncle Sam’s bag. Which is empty. Because if the government vacuums up every cent of the wage you...
Folksonomies: economics taxation
Folksonomies: economics taxation
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28 SEP 2011 by ideonexus

 Adam Smith Defends Taxes

The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state. The expense of government to the individuals of a great nation, is like the expense of management to the joint tenants of a great estate, who are all obliged to contribute in proportion to their respective interests in the estate.
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Which should be proportional to a person's monetary interest in the country. The more of America you own, the more you have for the government to protect.

11 SEP 2011 by TGAW

 U.S. Justice Oliver Wendell Holmes On Taxes and Civilization

I don’t mind paying taxes. They buy me civilization
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26 DEC 2010 by ideonexus

 Watching Cars Merge on the Freeway as an Example of Civil...

Look on the screen. This is where we are. This is who we are. (points to the Jumbotron screen which show traffic merging into a tunnel). These cars—that’s a schoolteacher who probably thinks his taxes are too high. He’s going to work. There’s another car-a woman with two small kids who can’t really think about anything else right now. There’s another car, swinging, I don’t even know if you can see it—the lady’s in the NRA and she loves O...
Folksonomies: centrism
Folksonomies: centrism
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Jon Stewart uses the example of traffic merging on the freeway as an example of the "we're all in it together" spirit of civilization, and how we all have each other's best interests at heart despite what extreme political pundits may say.