I wanted to do something on taxation. I wanted to look into what Presidents ACTUALLY had the lowest tax rates and for who. So I went looking for some kind of bell-curve or data that showed me year-by-year how many people were making what, and who was REALLY paying more or less in taxes. And I may still do that, but in my search I came across something that drove home the age-old point about how fucked up we are as a country and as an economy in terms of wealth and income distribution. It's a bit old, and I couldn't use the 'zoom' function with my browser, but please check it out. It does a much better job that I could illustrating the problem, and saves me the trouble of trying to:
The L-Curve
Consider this the next time you find yourself in a discussion with some idiot who's on the 50-yard line and talking about how he wants the government to "cut spending," "lower taxes" and all that. Because Obama's only put the 99 and 100 yard lines in play. And just look at those guys. THOSE are the guys who benefit from reduced spending and taxes. The guys to the left of th 99 yard line? Every single one of them ought to be ADVOCATING for a little INCOME re-distribution. (From the to 1-2% to the bottom 98.)
(And that's another thing - let's stop these fools on the Right from talking about redistributing wealth, huh? WEALTH isn't taxed. This is about INCOME. You know... that whole, "An honest days pay for an honest days work" that they kept yapping about as they destroyed the Unions?
Apparently they meant that to apply to Chinese Workers.
And if you never considered how this might be done without screwing over the middle class, I'd like to offer a few ideas that you should consider that the Right, as well as what passes for the Left in this country, would never consider:
An Argument for Proportionate Payhttp://eddiecabot.blogspot.com/2010/03/argument-for-proportinate-pay.html
and
In defense of Progressive Taxation
Who IS this guy?!
Political Talk Show Host and Internet Radio Personality. My show, In My Humble Opinion, aired on RainbowRadio from 2015-2017, and has returned for 2021! Feel free to contact me at niceguy9418@usa.com. You can also friend me on Facebook.
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Tuesday, September 21, 2010
The Redistribution of Wealth?
Labels:
distribution,
income,
l-curve,
redistribution,
tax,
taxation,
taxes,
wealth
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