I dunno if I am right left or middle but I do know what should be common sense and what is actually going on. I also know that things that seem to be logical and mathematically correct have no place among anything having to do with politics or congress for some reason. It's kinda like how the economy should be our number one priority and should have been for decades now, but suddenly stereroids are a more important issue right now. Or maybe it's WOMD's, or some other issue that is anything but the economy directly.
I think there is a fundamental disconnect among people who influence the Economy. On one side you have the people who say let the rich have more money because they drive the economy and it trickles down to the poor. Conversely you have the people who say tax the rich and have government stimulate the economy and give assistance to those who need it so they can lift themselves out of poverty and join the tax roll.
Personally I feel that either extreme is dangerous, because extremes are always in danger of being too rigid. If, however , I had lean toward one side, I would have to say tax the rich more for several reasons.
1- They can afford it. The notion that if you cut taxes for rich people they will spend more assumes they won't do so if you tax them heavier. That's pure bunk. People who are in the top bracket, who make more than several million a year spend lots of money because they are rich. Taxes don't hurt them because they have a buttload money, more than they are likely to spend in a lifetime.
2- Living in a free society is a privelige. There is a long tradition of rich people realizing this and turning towards philanthropy especially as they draw near an audience with their maker. If this was more common we would be okay, but frankly the majority of rich people are greedy and selfish and have active disdain for poor people, often thinking that they are deservedly poor because they lack iniative. People who benefit so greatly from our economy should be compelled to give more to foster opportunities for those who weren't as fortuanate as them and didn't have the resorces they did because they grew up in poverty instead of affluence.
3-Trickle down is a fantasy. Reagan talked up this trickle down economics and all that happened is the middle class shrunk and less upper middle class people became wealthy as opposed to lower middleclass people who became poor. Rewind to the Great Depression and you see how government spending pretty much saved the economy and acted as a safety net for a huge sector of the public who were cast suddenly into poverty. Whn you give tax breaks to businesses and rich people, all they do is devise ways to avoid paying their fair share. Businesses especially have a math attitude towards money:More is better no matter what the means. If you give assitance and aid to poor people and allow them to lift themselves out of poverty, then the economy rises from the bottom up, more people are able to spend money and therefore fuel the economy.
Finally I believe the ultimate soultion is to scrap income tax altogether, sales tax is really the only way to ensure that people pay their fair share. It's really quite simple, if you spend a lot of money, then you pay more taxes, there are no loopholes. No deductions. As I said above, rich people are still going to buy stuff. If you think higher sales tax is going to stop millionaires from buying iphones and luxury cars, you are being intellectually dishonest. Sure some will try to avoid paying taxes by shopping abroad, but you just have to make them pay duty upon reentering the country. Similarly businesses would have to pay taxes on their expenditures unless its directly related to resale. While we're at it, we could eliminate exemptions from property tax for religious institutions, wouldn't it be nice to see the Church of Scientology and the Vatican pony up some taxes???
Personally I feel a lot of the problem with so called welfare is that we have this protestant ethic in this country that asking for help is an affront to god. It makes people who can give disrespect those who need and makes those who need feel inferior for asking and receiving assistance.
I talk a lot about my trouble with religion. A lot of it is because I see so many people who insist we are a Christian nation act so patently UN-Christian once it comes to their money.
I have to ask all those Christian cinservatives who want to chloroform welfare and oppose a national heathcare system…