A reply to an argument against government aid to the poor

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  • #101
SixNein
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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.
 
  • #102
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Yes, just like the fed sets monetary policy.

That would put a great deal of power into the hands of the Fed Chairman.
 
  • #103
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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
Evo
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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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