[ExI] rugged individualists

[Dan]

If you're playing at the level, you not only get dodges, but big fat subsidies and should you be really big the government will adjust the macroeconomics (Fed policy) to suit your needs.
 
But it's not just the fabulously wealthy who benefit here. The poor often pay more in taxes to support all sorts of middle class stuff. E.g., public colleges. Really poor people don't go to college or go as often, as a group. Middle class people do. Sure, they get taxed, but so does the poor slob. So, the middle class person's kid goes to a public college with a government loan to become the manager of a company where the poor person's kid cleans the toilet. Yes, the middle class is being destroyed...
 
Regards,
 
Dan

From: BillK <pharos at gmail.com>
To: ExI chat list <extropy-chat at lists.extropy.org>
Sent: Thursday, July 14, 2011 6:08 PM
Subject: Re: [ExI] rugged individualists

On Thu, Jul 14, 2011 at 10:41 PM, Kelly Anderson wrote:
> It was the year I sold the company (ViewSoft) that I co-founded in
> 1991. Years of near poverty before and after (although not immediately
> after), but the one year of astounding success was punished severely
> by the government. It was a capital gains tax on $1.8 million dollars.
> Despite the liberal hogwash to the contrary, there were NO tax dodges
> that would work. Rich people pay their fair share. If it had been
> regular income, as opposed to capital gains, the rate would have been
> even higher.
>

What you meant to say was that there were no tax dodges available to
small businessmen. The tax dodges appear when you are a multi-national
corporation that is best friends with a government that allows them to
move profits to tax-free havens offshore.

In the USA the small business environment is being punished severely
and the middle class is being destroyed.

BillK
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20110715/34e3cd38/attachment.html>