Saturday, September 8, 2012

The "Right Level of Taxation", An illusion in the Eye of the Beholder

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This is a comment in response to a post on LibertyNewswire,

The Original post (I'm hoping this is just another case of the usual sarcasm),


" JFK was obviously an idiot.


God Bless JFK. God Bless America.

Response:

        The "right" level of taxation, if there is such a thing, is often purely so, only in the eye of the beholder. The most prominently stated reasons for tax reform are either wrong or dangerously oversimplified. The lower tax rate offsets taxes paid at the corporate level, encourages risk taking, investments and entrepreneurship, offsets the effects of inflation, and prevents "lock-in". 

P.S ~ So you think being allegedly 'idiotic' is why great and celebrated Leaders such as him have sadly had to pay with their priceless lives. Regardless of such tragic Truths, this will always remain a Free country, striving to remain free without the social burdens of excessive taxation on the one end and debt slavery on the other. Watch the republicans if they succeed in the coming weeks and many of these naysayers avoiding the obvious and the practical will probably choose to swallow  these baseless ideas that are against lowered tax rates. 

              The best way to reduce poverty is through stronger economic growth. Growth means more jobs, which is a surefire instrument in the fight against poverty and a painfully slow recovery. Building a strong economy means keeping taxes and government spending low.  For example, when a state has a low tax burden, economic growth is stronger. Economic growth delivers more job creation and higher per capita and higher median family incomes. Economic growth is always a powerful means to encourage and pull people and extract whole communities and local economies out of poverty. Although some policymakers seem understandably deluded and misguided in trying to justify high taxes for the sake of the poor, the higher taxes and related spending do little to reduce poverty rates. Rather it is proven and clear to see that states with healthier, investor friendly and more welcoming economic climates fair better and have much more success in lifting people out of poverty. 

             The socio-economic causes and circumstances of, and solutions to, poverty are very complex and numerous indeed, but one policy is clear: Low tax rates are a significant factor in achieving the universal goal of poverty reduction whilst simultaneously facilitating economic recovery and stimulating growth.

Sincerely,

Jai Krishna Ponnappan



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