Tuesday, November 16, 2010

When We Say / Who Are We?

Written : Nov. 15, 2010

When we say Walmart and Sears are evil for deciding to remain open on a holiday like Thanksgiving, who are we to decide that ALL their employees want to be home when everyone else celebrates? We can agree that businesses shouldn’t force their people to work a holiday, but those who want to work should go to the head of the class and get the chance. And, if we boycott these companies, aren’t we also hurting their employees in the long run?

When we say the idle rich should pay their fair share, who are we to say which people are ‘idle?’ For example, how do we know whether Kim Kardashian or Paris Hilton are not earning their keep? Who are we to say what they can and cannot afford? Who are we to say they don't have solid investments in our economy? Do you think we should penalize the successful among us? If that be the case, why try to succeed? God bless the successful, for they are the ones who create jobs!

When we say corporations never pay any taxes, aren’t we being stubborn? I’ll argue they do pay some taxes. But we’ll agree on this - they'll pass along any future increases to you and me. If we decrease their taxes in an economy in which businesses have confidence, what happens? Ok, in addition to doling out those horrid bonuses we all despise, they absolutely will invest more in jobs and new equipment (expansion, growth, more jobs, fewer handouts, more taxes being paid at the lower rates). That’s good for everyone, right?

When we say higher taxes mean higher federal revenues, aren’t we ignorant by not analyzing the idea? Aren’t we repeating a mantra? Presidents Ronald Reagan (and JFK, a liberal Democrat) understood this theory: If you cut tax rates (taxes were topping out at 91% when JFK cut rates to 37%), revenue to the feds goes UP. This is not intuitive, nor is it a wacky idea: it is indeed a solid fact. My intelligent reader, please take a minute to think about why!

For more information about Mark A. Cohen, see The Castle Rock, CO Gathering Place, Writer of the Month for Nov. 2010


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Keywords: Conservatism, Conservative blog, politics, political, Mark Cohen, Mark A. Cohen, From The Left to the Right, When We Say, The Idle Rich, Reducing Taxes, Raising Taxes, Ronald Reagan, JFK

Keyword Phrases: "Conservatism", "Conservative", "blog", "politics", "political", "Mark Cohen", "Mark A. Cohen", "From The Left to the Right ", “When We Say”, “The Idle Rich”, “Reducing Taxes”, “Raising Taxes”, “Ronald Reagan”, “JFK"

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1 comment:

Jack said...

I'll just comment on one element of your post, and highlight the difference between tax revenue increase as function of an inflationary economy, versus that of an expanding (vibrant) economy. In a high inflation economy (some 12% at the start of Reagans term), tax revenues continue to rise even as rates are cut, simply as a byproduct of inflation. The engine behind tax revenue growth as part of an expanding economy is growth in GDP, which simply did not happen during Reagans term (GDP fell by about 3%). So while tax revenues were up in actual terms, they fell in real terms, and the economy contracted. In low-inflation periods (such as that of Bush II), not even inflation can cover up the fact that cutting tax rates decreases revenues.