RE: Bar stool economics
November 10, 2014 at 11:30 pm
(This post was last modified: November 10, 2014 at 11:32 pm by Heywood.)
(November 10, 2014 at 11:20 pm)Surgenator Wrote:(November 10, 2014 at 8:54 pm)Heywood Wrote: Yes...some corporations and some rich people don't pay taxes....nevertheless the lion share of tax revenue the government collects comes from corporations and rich people. Subsidies and targeted tax breaks should be eliminated. The tax system should be simple and straight forward....earn this much money...pay this much tax.
So the the rich pay a large portion of the tax revenue recieved by the government. What is you point? They also get the most profit, and they should pay the most.
The conclusion of the Bar Stool economics argument is that because the rich pay the lion share of taxes.....when there is a tax cut....it will be the rich who benefit the most. This is an artifact of the system and not because tax cuts are targeted at the rich.
Consider this argument:
Premise 1: People who pay more in taxes benefit more when taxes are cut.
Premise 2: Rich people pay more in taxes than poor people.
Conclusion: Tax cuts will benefit rich people more than they will benefit the poor people.
