- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
On a dollar basis, taxation does not hurt nor benefit an economy
Posted on 9/29/14 at 1:14 pm
Posted on 9/29/14 at 1:14 pm
The vast majority of taxation goes, eventually, into the pockets of people that will spend it.( people on state aid, government employees, etc). This money eventually goes right back to the businesses that pay for it.
It is a net zero on the functioning of the economy. If the taxation was not there, a firm will have the money. If the taxation is there, a firm will lose the money for a short period of time, but will gain it back through consumers.
Thoughts?
It is a net zero on the functioning of the economy. If the taxation was not there, a firm will have the money. If the taxation is there, a firm will lose the money for a short period of time, but will gain it back through consumers.
Thoughts?
Posted on 9/29/14 at 1:19 pm to HailHailtoMichigan!
Taxation is a punitive action. it works to penalize success and it work to move power from the I dividing or corporation into the hands of a politician
This post was edited on 9/29/14 at 1:20 pm
Posted on 9/29/14 at 1:20 pm to HailHailtoMichigan!
quote:
It is a net zero on the functioning of the economy. If the taxation was not there, a firm will have the money.
If the firm doesn't spend that money it effectively disappears from the economy.
Posted on 9/29/14 at 1:24 pm to HailHailtoMichigan!
In the absence of taxes, those dollars would naturally be allocated to its most efficient use, where it is most demanded by the average consumer. The government intervenes in this process, takes a huge chunk of money for itself and out of the consumer's hand, and becomes itself a massive consumer, thus skewing the allocation to its most efficient use. 100 people will allocate resources more efficiently than just 1, especially when that 1 is not really accountable to anyway and makes decisions based on political favors.
Remove taxes, all else equal, and the economy will be a good deal stronger. Of course, you would need to find a way to pay for the court system that helps ensure an efficient economy by protecting property rights and enforcing contracts.
Remove taxes, all else equal, and the economy will be a good deal stronger. Of course, you would need to find a way to pay for the court system that helps ensure an efficient economy by protecting property rights and enforcing contracts.
Posted on 9/29/14 at 1:32 pm to HailHailtoMichigan!
And on a work/calorie basis, there's no difference between walking and running in exercise. As long as you ignore the efficiency of things.
Posted on 9/29/14 at 1:32 pm to HailHailtoMichigan!
You have to remember a dollar can be more productive in some portfolios.
An investor doing analysis every waking hour on where to invest is going to be more productive than someone who wants a dollar so they can get an extra pack of socks at the dollar general. You can't assume the dollar is equally valuable to both people in an investing sense.
An investor doing analysis every waking hour on where to invest is going to be more productive than someone who wants a dollar so they can get an extra pack of socks at the dollar general. You can't assume the dollar is equally valuable to both people in an investing sense.
Posted on 9/29/14 at 1:33 pm to HailHailtoMichigan!
HHM, you're trolling. Your post will draw out the Krugman diciples, though.
Posted on 9/29/14 at 1:46 pm to HailHailtoMichigan!
what is this i dont even
Posted on 9/29/14 at 1:49 pm to HailHailtoMichigan!
So what you're saying is "the money belongs to everybody" and taxing it is just a different way of spending it. right?
Posted on 9/29/14 at 2:03 pm to HailHailtoMichigan!
quote:Good grief. Might as well walk around breaking windows so we can all become "rich".
The vast majority of taxation goes, eventually, into the pockets of people that will spend it.( people on state aid, government employees, etc). This money eventually goes right back to the businesses that pay for it.
This post was edited on 9/29/14 at 2:04 pm
Posted on 9/29/14 at 2:05 pm to HailHailtoMichigan!
quote:Presumably you're talking about Corporate taxes. IMO they should be reduced to zero. Money should be taxed as it is passed through. No deductions. No write downs, or write offs. To limit 'hoarding', private corporations would be required to distribute income IAW averages of publicly held companies. As is currently the case, public companies would distristribute via expansion, purchases, dividends, stock buy-backs, etc IAW shareholder demands.
Thoughts?
Posted on 9/29/14 at 2:15 pm to HailHailtoMichigan!
The first question you need to ask is how is money created. Once you understand that then you will see just how pointless the op is.
Posted on 9/29/14 at 3:08 pm to HailHailtoMichigan!
Regulation inhibits growth more than taxation as far as the economy goes.
Heavy taxation concentrates wealth and slows the velocity of money. It's akso wrong to take from those who earn with the intent to distribute to those who don't. Taxation should only exist to maintain the basic functions of government
Heavy taxation concentrates wealth and slows the velocity of money. It's akso wrong to take from those who earn with the intent to distribute to those who don't. Taxation should only exist to maintain the basic functions of government
Posted on 9/29/14 at 3:23 pm to HailHailtoMichigan!
quote:
It is a net zero on the functioning of the economy.
Taxation = The Government (be it a dictator or The People) making decisions instead of the market. In some cases this is good as we tend to be more grasshopper than ant and there are many things we undervalue as a market but not as a society, such as security/insurance when there is no present threat. However, even if there is good justification for going against the market in some instances, I think it is well documented how much less efficient and effective our government is than the market in many, many areas. Taxation is not a net zero because it puts too many resources in the hands of inefficient producers and unnaturally motivated consumers.
Posted on 9/29/14 at 3:24 pm to HailHailtoMichigan!
quote:
The vast majority of taxation goes, eventually, into the pockets of people that will spend it.( people on state aid, government employees, etc). This money eventually goes right back to the businesses that pay for it.
Similar to the broken window fallacy.
quote:
It is a net zero on the functioning of the economy. If the taxation was not there, a firm will have the money. If the taxation is there, a firm will lose the money for a short period of time, but will gain it back through consumers.
Dum.
Posted on 9/29/14 at 3:45 pm to HailHailtoMichigan!
Taxation will be by definition an inefficient allocation of resources.
That said, civilized societies have decided that taxation provides utility by providing those services the populations wants to be provided by the government. Those common services reduce transaction charges signicantly.
That said, civilized societies have decided that taxation provides utility by providing those services the populations wants to be provided by the government. Those common services reduce transaction charges signicantly.
Posted on 9/29/14 at 3:59 pm to HailHailtoMichigan!
quote:
It is a net zero on the functioning of the economy.
Sure... if you assume that efficiency has no effect on the "functioning of the economy."
You're on shaky ground making that assumption, and I'm being charitable by putting it that way.
Tigah In ATL describes our collective rationale pretty well- opting for taxation despite knowing its harmful effect on efficient allocation. (Although I disagree with him that the effect/motivation is a necessary reduction in transaction costs- I think the proper motivation is stepping in where market failure typically pops up.)
This post was edited on 9/29/14 at 4:00 pm
Posted on 9/30/14 at 11:06 am to HailHailtoMichigan!
You don't understand capitalism.
When the citizens keep their money, the same people who were brilliant enough to create money and jobs by creation of a business, can with said money create more jobs, and more money with less taxation.
On the other hand, more taxation leads to, more graft by politicians and artificially higher prices in ALL THINGS FUNDED BY GOVERNMENT.
It also leads to money being placed in the wasters hands, people that spend the same tax dollars that creators of jobs should have, on bull shyt like Obama phones etc.
When the citizens keep their money, the same people who were brilliant enough to create money and jobs by creation of a business, can with said money create more jobs, and more money with less taxation.
On the other hand, more taxation leads to, more graft by politicians and artificially higher prices in ALL THINGS FUNDED BY GOVERNMENT.
It also leads to money being placed in the wasters hands, people that spend the same tax dollars that creators of jobs should have, on bull shyt like Obama phones etc.
Posted on 10/1/14 at 7:13 pm to HailHailtoMichigan!
nope the govt spends money inefficiently
The losses from the inefficiency may as well be burned for all the good they do anybody.
The losses from the inefficiency may as well be burned for all the good they do anybody.
Posted on 10/1/14 at 7:53 pm to HailHailtoMichigan!
quote:
The vast majority of taxation goes, eventually, into the pockets of people that will spend it
Then why don't we just go to a federal sales tax?
The rich buy more so they would still pay more in taxes. But this way everyone would pay their share including the drug dealers with their 20" rims to the illegals buying goods to live here.
Popular
Back to top
Follow TigerDroppings for LSU Football News