News A reply to an argument against government aid to the poor

AI Thread Summary
The discussion revolves around the classification of Pell Grants as welfare and the implications of government aid to the poor. One participant argues that Pell Grants are beneficial as they support the economy, while another contends that welfare should be provided through voluntary private donations rather than government programs. The debate highlights concerns about "coerced redistribution of wealth," with arguments suggesting that recipients may lack gratitude and that government distribution can lead to inefficiencies and corruption. The opposing view emphasizes that tax-funded aid ultimately benefits the economy, regardless of the perceived deservingness of recipients. Critics of government aid argue that it can create dependency and reduce individual motivation to improve one's situation. They also express skepticism about the government's ability to effectively determine who deserves aid. In contrast, supporters argue that government intervention is necessary to prevent societal issues like homelessness and to stimulate economic activity through aid programs. The conversation touches on the role of government in managing welfare, the effectiveness of such programs, and the broader implications for society and the economy.
  • #101
WhoWee said:
That's fine - just looking for clarity. As per loopholes - I wanted to make sure we weren't referring to standard business deductions as anything other than an expense item.

As per the independent agency - you want it to set tax policy - not replace the IRS for enforcement - correct?

Yes, just like the fed sets monetary policy.
 
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  • #102
SixNein said:
Yes, just like the fed sets monetary policy.

That would put a great deal of power into the hands of the Fed Chairman.
 
  • #103
Redistribution of wealth to lower income families boost the economy. Economy is very dependant on consumption, and consumption mainly comes from low or median income families, while rich families consume less as a percentage of their income. If there is a very high and rising inequality, consumption will drop and consequently the investment expectations will be worse.

You can argue that if that money stayed with the rich, it would be saved rather than used to consume and that would be more beneficial. Savings make interest taxes go lower, incentivating investment. But if the investment expectations are bad because of low consumption, lower interest rates wouldn't help much.
 
  • #104
Temporarily closed pending cleanup to bring this back to the topic.

Those of you that wish to discuss corporate taxes, please start another thread. I'll postpone deleting posts until tomorrow, so that you can copy anything you wish to use in your new thread.
 

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