Posted on 06/05/2003 10:31:14 AM PDT by LurkedLongEnough
Barbara Streisand
Tim Robbins/Susan Sarandon
Dixie Chicks
etc
etc
etc
Kinsley, you nitwit, people who don't pay taxes don't get tax cuts!!!
If that is the case their fica taxes are paying a fair value for services rendered. What they are not paying is their share of running the government.
Mr. Kinsley's logic here is comical. Mixing income taxes and FICA taxes serves his purpose in this case, but the reality is that FICA taxes are allocated to specific Federal entitlement programs. The hypothetical minimum-wage worker he describes sends her children to public schools (and they get free meals at school in the process), but she doesn't pay a nickel to the Department of Education. They enjoy the protection of the U.S. military, but she doesn't pay a nickel to the Department of Defense. Etc., etc., etc.
Of course, Kinsley can't look at it this way because the logical outcome of this kind of analysis would force him to conclude that the only "fair" tax system would require either the elimination of FICA taxes or a flat income tax for all workers.
So, under the American tax system as designed by the Bush administration and congressional Republicans, the most a person of vast wealth is expected to contribute to the commonweal from his or her last dollar of investment profits is the same 15 cents or so that a minimum-wage worker is expected to pay on his or her first dollar.
So a person who earns $10,000 contributes $1,500 "to the commonweal" (the "commonweal," as I have shown above, being nothing more than Social Security and Medicare), but a person who earns $1 million and doesn't contribute any more than $150,000 is somehow getting away with something?
This is such utter drivel that I'm thinking Kinsley will be embarrassed by it if he's embarrassed by anything - democracy is a political system based on people voting directly on issues rather than channeling that vote through a representative; capitalism is an economic system wherein surplus funds are redirected by their owners to funding other enterprises. They do not conflict. One does not need to be "protected" from the other.
What Kinsley evidently means is that a society with egalitarian ideals must permit inequality if it is to run a capitalist economic system. And so it must. But a society with egalitarian ideals is not the same thing as a society intending to enforce equal possession of wealth by state fiat. It is the latter to which the redistributionist nostrums so beloved to the left pertain. It is perfectly true that you cannot attain equal distribution of wealth across a society under capitalism; it is equally true that you can't obtain it under a state mandated socialism either. You can aspire, you can idealize, you can theorize, but you just can't make it happen, and every attempt to do so on a national level without a single exception has, in practice, increased unequal distribution of wealth rather than decreased it. In short, Kinsley's social theory is crap and he'll never admit it.
Didn't de Toqueville say something to this effect way back in the 19th century?
Sometimes it's hard for me to avoid plagiarizing -- I remember a lot of things like this without ever remembering where they are from. LOL.
It also happens to be true, I believe.
I don't believe this is true. When determing revenue sources for the Federal Budget, yes, you include the employer's share, but the tax burden on the individual is still only 7.5%. He's stretching definitions in order to fit his square peg into a round hole. Surprise, surprise.
Uhh...no. Democracy gives one an equal voice not equality in all aspects of life.
"Capitalism is protected from democracy..."
Representative government cannot exist without the free market and vice versa.
Yep. He's spreading his wealth to a whole bunch of hard-working yard workers, nannies, and cleaning people rather than to a single airplane ticket to Iraq for a traitor cwrongressmen. [or fill in your favorite democrap spending outrage]
We know, and the liberals know, that campaign finance reform was mainly rhetoric by a few to smear the many, mainly those mean spirited friends of the rich, the Republicans. The left revealed very quickly that they had already figured on how to exploit the loopholes and they were also depending on the continuing support of the media for free campaign support for leftists causes. They only wanted to handicap and limit the Republicans and since the Republicans get most of their money through small contributions from the many, to limit the American citizens in their selection of leaders.
It all boils down to electing honest leaders and having a open, objective, and honest media to keep track of them and their activities. You and yours have not done such a good job in that area, have you? Protecting dishonesty, sexual abuse, and treason is not what the founders had in mind.
There are so many weak points to Kinsley's arguments that his intention must have been to give the mental gymnasts on the left some sort of obtuse argument to spout.
A minimum-wage worker today must pay the FICA payroll tax of 15 percent (if you include the employer's share, as economists agree you should) on the very first dollar she earns. If she has children, she may qualify for an earned income tax credit, but she may not. If she works hard and moves up the income scale, she'll soon be paying another 15 percent in income tax. You might call this "double taxation," but President Bush doesn't.
That is your beloved Social Security you are talking about, Michael. Although we know it is a scam you have to at least pretend to go along with the idea that the deductions are investments in the future, don['t you? I mean, there really is a trust fund, isn't there? So, these are not taxes at all but government sponsored investments for our old age, right? Funny, when Republicans argue that the FICA is really just another income tax and that the employee actually pays it all you liberals argue against that saying that, no, the employer pays half. When it suits you, though, you easily jump to the other side of the fence. As far as this hypothetical employee moving up the ladder and getting taxed more, that is not a Bush deal, that is the progressive income tax you liberals love and cherish in order to punish achievement.
Now look at the fellow who has a few millions or billions. He probably has paid no income tax on most of that pile, since investment profits are taxed only when they are "realized"?i.e., cashed in. Any investment profits that he hasn't cashed in when he cashes in himself escape the income tax forever. If he can hold on for a few years, under current plans, the estate tax will die before he does. His investment income also is exempt from the 15 percent FICA tax that hits the minimum-wage worker at dollar 1.
Once again, Michael, you forget whose money this is. You consider it the government's money from which these greedy individuals are refusing to turn loose. Number one, Michael, and this ought to be embarrassing even to you, If an asset has not been cashed in (sold, etc.) then it is really only assets on paper, or potential wealth. I suppose he could borrow against it but it is not actual disposable income until he sells it. Now, just to make you happy, other governments tax those assets if they are in the form of real property. It is called a property tax. Ever heard of it?
Like I said, Michael, this article is too rich in targets to even be fun.
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