Taxes

Every time taxes are discussed everyone agrees that they are too high and no one enjoys paying for them. But taxes are the price of civilization. There would be no government, no military, no infrastructure, no education, and no safety, security or freedom without taxes to support the necessities of civilization. The main questions are who should pay? What are the most fair and equitable taxes? How can taxes be used to discourage harmful behavior and encourage good behavior? How do we reduce inequality? And finally How much is sufficient?

The seven types of taxes used today. http://www.brighthub.com/money/personal-finance/articles/32816.aspx

What is a transaction tax? http://thetransactiontax.org/

FTT Financial Transaction Tax 4:17 min https://www.youtube.com/watch?v=9jWzaRUIpF4

The Automated Payment Transaction Tax of just 0.6% every time money is transferred from one place to another could replace ALL other taxes. Taxing the banks and financial speculation could provide 100 times the revenue. http://apttax.com/

The Progressive Consumption Tax. http://www.forbes.com/sites/timworstall/2014/03/18/bill-gates-points-to-the-best-tax-system-the-progressive-consumption-tax/

A Moral Argument for Progressive Taxes – David Cay Johnston 3 min. https://www.youtube.com/watch?v=yghZjv8AI40

The Fair Tax a national sales tax http://fairtax.org/

http://www.politifact.com/truth-o-meter/article/2008/jan/23/adding-fairtax/

Fair not flat tax http://www.press.uchicago.edu/Misc/Chicago/555607in.html

FairTax explained – a 2 minute introduction https://www.youtube.com/watch?v=ujKWVCxSDIs

David Cay Johnston – Problems with a “Fair Tax” 2:52 min. https://www.youtube.com/watch?v=Y_O-jKR2Qg8

Sin Taxes http://www.mayoclinicproceedings.org/article/S0025-6196(13)00128-6/fulltext

The concept of sin taxes is to discourage bad behavior. What about the harm being done to the planet? We should tax pollution to discourage it. British Columbia has a revenue neutral carbon tax which lowers carbon and reduces individual and corporate taxes. http://www.motherjones.com/environment/2014/03/british-columbia-carbon-tax-sanity

Australia used to have a Carbon Tax but repealed it Why?http://www.nytimes.com/2014/07/25/opinion/julia-baird-why-tony-abbott-axed-australias-carbon-tax.html

Canadian economists back carbon tax 5:22 min. https://www.youtube.com/watch?v=0fq0KfIHsAw

Elizabeth May on a carbon tax 2:20 min. https://www.youtube.com/watch?v=KU3815nkQH4

Corporate Tax Reform Our corporate tax rates are high (39.5%) but because there are so many loopholes the effective rate is 12.5% and half the major corporations pay no taxes at all. http://money.cnn.com/2013/07/01/news/economy/corporate-tax-rate/

http://www.cbpp.org/cms/?fa=view&id=3411

The Robin Hood Tax. http://www.robinhoodtax.org/how/everything-you-need-to-know

The Tobin Tax. http://www.ceedweb.org/iirp/factsheet.htm

The truth about Tax Fairness. https://www.youtube.com/watch?v=WRxLXa5lB7M

Tax the rich video 7:49 min.  https://www.youtube.com/watch?v=S6ZsXrzF8Cc

Hauser’s law,  contends that Federal tax revenues rarely rise above 20% of GDP, regardless of where nominal tax rates are set. If corporate taxes and taxes on the rich go down, and yet the revenue remains constant, who makes up the difference? http://www.zerohedge.com/news/2013-03-06/guest-post-look-us-taxes-and-hausers-law

The Wealth Tax. Thomas Picketty in his recent book “Capital” proposes a 10 percent global tax on all capital. http://thecolbertreport.cc.com/videos/e301vf/thomas-piketty

How progressive taxes can reduce inequality. http://www.oecdobserver.org/news/fullstory.php/aid/3782/How_tax_can_reduce_inequality.html

 

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About altruist1

I am a raging progressive and a writer. I received Bachelors degrees in Mechanical Engineering and Industrial Arts with a Secondary teaching certificate and a minor in Physics. I taught for about ten years, then did various jobs including welding,fabrication and traffic engineering, and am now retired. I am interested in science, energy, the environment, and architecture.
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One Response to Taxes

  1. This is a sad commentary on the education of our populace – These people believe they should have all the services that make our lives so much easier and comfortable, but fail to see the connection of those services to the source of funding, taxes – Occasionally I see a post or Letter to the Editor from a senior who says they gladly pay their taxes for schools even they no longer have school-aged children because it’s an investment in our collective futures – I’m glad, too, that you’re putting information like this out there…

    Like

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