Friday, September 28, 2012

Taxes vs Class Warfare.

Who likes taxes? Okay, let me put it another way. Who thinks taxes are fair? Okay, let me put that another way. Who thinks we need taxes? Do you think our current federal income tax is a fair system? Who thinks we could do without tax loopholes and deductions? Okay, who thinks some of the deductions and all the loopholes should be eliminated? Alright then, who thinks our tax code is just fine the way it is? Well, what about the way it's levied, by which I mean who thinks capital gains should be less than half that of earned income? What it says is that if you sweat to earn income, it's earned and you pay more. If you sit back and put your money to work for you, that's capital gains. But if I work up a sweat to earn a dollar, that dollar is capital. That's a capital gain. If I earn two dollars, that's two capitals or capital gains. So why does your money deserve a better rate than my back does? You don't suppose it has to do with who is being taxed, do you? People who work up a sweat to earn money, whether in an office or in a ditch, are generally not rich people. They're working from paycheck to paycheck mostly. But if most of your income comes from your money at work, well then, you're probably a little better off than those other folks. In fact you're probably a lot better off than those other folks. Some people claim this kind of talk is class warfare. But just as many people think that a tax code that gives a much lower rate to some while forcing the majority to pay a higher percentage is class warfare in the other direction. I just want things to be fair. By fair I mean, them that can, should pay a little more so that them that can't, won't go hungry. Of course, you'll probably hear some people say the hungry need to go find a job. But mostly the hungry folks already have two jobs or maybe three. And if those same people get their way and the minimum wage is eliminated, those hungry folks will need four or five jobs. Now that's class warfare.

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