(March 19, 2016 at 11:36 pm)Aractus Wrote: I think there are huge obstacles to taxing the wealthy. One being that anyone with a business can cap their tax rate at 30% because that's the company tax, whereas income tax brackets are 0-18k 0%, 18-37k 19%, 37-80k 32.5%, 80-180k 37%, 180k+ 45%. The problem here is that anyone who owns a business can, and does, pay themselves a salary of $37,000, plus superannuation ($3,330), then pay the company tax on profits (28.5% for a small business, 30% for everyone else), effectively saving themselves $11,400 in income tax if their salary was $180,000 in total as a small business. The system at the moment isn't fair, it needs improvement. What really needs to happen is income tax needs to be scaled back to a fairer spread. But creating equity at the higher tax brackets will make the taxation system more recessive (less fair to those at the bottom). It's really not an easy fix.
There are economists just like sports betters, just like polls, it is all POV, and nice shell game the right wingers play, it is the same moving the goal posts apologists make, "You wouldn't understand."
Actually I do. If things worked out like the top say, nobody would be bitching. It is a simple observing any other ecosystem. When it is balanced, the stress is limited and manageable. When it gets lopsided in any direction and one species in that ecosystem dominates it becomes destructive, in other species we call them invasive species. Global corporatism is an invasive species economically speaking. It is not based on problem solving to a great enough degree, it is far too much about producing just to produce, consuming just to consume and a chase for cheap labor. The biggest offender is fossil fuel. The global market is far too destructive currently.
