Think Freely Media presents Common Sense with Paul Jacob

The B. S. Theory

tax the rich, tax, pay, paid, paying, Common Sense

Bernie Sanders is worse than merely wrong about the rich not paying their fair share of taxes.

It’s we, the much-lauded “Ninety-nine Percenters,” who don’t pay enough!

At least, when we figure taxes paid against direct subsidies/services rendered: taxes minus transfers. And, according to the Congressional Budget Office, only the top quintile of income earners — including the much-abhorred One Percenters — pay appreciably more in taxes than they receive in “benefits.”

In a republic, you would expect the masses to pay taxes, receiving only indirect benefits, like a broadly defined “security” and “the rule of law.”

The calculation of who is and is not a net tax-payer or net tax-consumer has to be difficult. I certainly haven’t vetted the studies carefully. But previous accountings also show that the super-rich pay the bulk of income taxes in America.

How to put the system aright?

Don’t tax us more!

Bernie’s preference, to tax a whole lot more as well as to provide more subsidies and “benefits,” will only make a bigger mess.

Unfortunately, doing the right thing (cutting back on the giveaways at all levels) is politically . . . tricky.

But there’s something missing in all this: the indirect hazards of the “benefits” . . . the opportunity costs involved when we get hooked on hand-outs. The most trapped people in America are those who pay the least and take the most. The dollar-value of their received transfer payments measure neither their dependency nor their consequent lack of upward mobility.

How could we figure real harms and helps embedded in the current system, when some “benefits” are, in fact, detriments?

This is Common Sense. I’m Paul Jacob.


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tax the rich, tax, pay, paid, paying, Common Sense

 

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3 Comments

  1. 2WarAbnVet says:

    But, the wealthy make such a convenient “whipping boy” for the parasitic left.

  2. drrik says:

    Codependents Anonymous teaches that when you repeatedly do thing for people that they are perfectly capable of doing for themselves,  that you are not helping them.  
    You are harming them.
    It is a form of aggression and it is evil.

  3. Interesting piece, but it seems conflicted.

    First you say it’s “the 99%” not paying enough when there’s a calculation of taxes versus transfers.

    But then you come back and admit that it’s difficult (I’d say closer to impossible) to make such a calculation.

    Personally, I’m in favor of eliminating taxation (and the state) altogether.

    But when I look at it from the perspective of taxation vs. transfer, it looks to me like that tax system constitutes a huge ongoing transfer upward from “the 99%” to “the 1%.”

    As, for example, when the drivers of passenger cars pay ten times as much in gas tax as the wear and tear they create would require them to pay to maintain the Interstate Highway System, while Wal-Mart’s trucking fleet pays 1/10th as much as the wear and tear they incur.

    But I could be wrong, and my gut feeling is that you’re right — not something that can be calculated with any confidence.

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