Didn't Georgia have to be bailed out by the federal government under Obama, when its tax 'reforms' went tits up and basic public services had to be slashed? I remember watching a report on The Young Turks about slashing taxes and its consequences, and I'm sure the state in question was Georgia! That's the state the Republican Governor was also responsible for overseeing his own re-election, refused to recuse himself, scrubbed hundreds of thousands of people in Democratic areas from the electoral rolls and won by a tiny margin? Brian Kemp.This quote is hidden because you are ignoring this member. Show Quote
Those who defend this idea of lower taxes increasing revenue never tell us the optimum rate. As I said previously, if taxes are reduced to zero, income is zero; so what is the tax rate, as a percentage, which maximises income?
Also, flat rate taxation is totally regressive and massively favours the wealthiest, so what happens to the cherished equality of opportunity when ever more wealth, and by extension, power, is concentrated in ever fewer hands? I don't see how it is compatible with a thriving democracy, which requires some degree of equality. How does that sit with income maximisation? We have two issues running parallel. And I would add it's a situation we are once again seeing played out in Britain, where the leading contender for prime minister is yet another Old Etonian. A tiny number of very wealthy hereditary millionaires form the political establishment, which undermines democracy. 99.999 per cent of us didn't attend Eton, but we spend much of our lives governed by them and their interests.
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13-06-2019 05:50 PM #10
Last edited by Hibernia&Alba; 14-06-2019 at 01:49 PM.
HIBERNIAN FC - ON THE RIGHT SIDE OF HISTORY SINCE 1875
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