Taxes

This is a dispute between the corrupt, and the idealists of 'equality' - it is a utopian fantasy to suggest there could be a utopian reality, and although inequality is fundamental aspect in existence (ie osmosis), when democracy retrieves it's electorate from the throes of ignorance and reactionary idiocy then there is more than a big chance of a fairer, more equal socio-economic situation.


This excerpt is about a new "super-bank" (:sarcastic:):


There is such an annoying problem I find with elitist and segregated/familial connections via sentimental or nostalgic connotations to what (in my opinion) amo8unts to a conditioned relationship to an ideology or establishment. I do not mean any insult, but the notion of faith in an institution (such as a family owned/managed bank) means to me that society is often faced with suffering at the expense of an elite few. Conversely sometimes these few suffer tremendously to the great appreciation or remorse or regret of society (at large...)

I think no one on this forum is in possession of the information to deal with the specific numbers, but its my opinion that our government, if it returned to its constitutional role of providing for basic, public infrastructure, defense and very little else, wouldnt need to impose any kind of income tax or national sales tax. The states could raise their taxes as needed and the federal government could easily raise enough revenue through corperate taxes, terrifs, etc. If this sounds like an impossible utopian fantasy, see the period in American history between 1789 and 1916.

I wonder if its coincidence that the federal income tax was imposed just a few years after the Federal Reserve Act passed Congress. On that note, I reccomend a book called "The Creature from Jekyll Island: a Second Look at the Federal Reserve System." Does anyone here know about the founding of the Fed who is not appalled by the story?

I agree, BrightNoon, we could most certainly meet our budget requirements and even pay on our debts if we increased corporate taxes. Instead, we pass burdens on to the average American.

We are a sick society.

No DThomas I don't think we do agree. I'm not suggesting that we should continue our current course of spending financed by higher corperate taxes. Besides being disgusting and antithetical to everything I beleive in, that simply would not work. That sort of system would work for a few years until all the corperations moved abroad where there are lower taxation levels. Their productive capacity is already abroad; if we were to tax them to death what reason have they to stay here?

I understand your revulsion to corperate culture and what you perceive as injustice, but have you ever considered that these massive corperations, banks and brokerages could not manipulate the people and the wider economy without governmental support, or that the political system would not be corrupted by business to the extent it is now if government did not interfere so widely in the economy? What favours, subsidies or privliages could business interests buy from politicians if the politicians had no power to regulate or subsidize?