tsuomela + tax-cuts   26

Taxes: How low can you go? | Chrystia Freeland | Analysis
But the really surprising thing about the no-more-tax consensus is how much of an outlier it makes the United States compared both with the rest of the world and with itself in recent history. When it comes to foreign policy or to global economic dominance, American exceptionalism may indeed be in jeopardy. But when it comes to taxes, the United States is quite different from most other Western industrialized economies.
economics  politics  taxes  tax-cuts  ideology  international  comparison  from delicious
may 2012 by tsuomela
Lance Mannion: Moloch
"But mostly what happens, what the Republicans expect to happen because they work to make it happen, is that people either don’t allow themselves to think about it or they scapegoat.

They don’t have to think about their kids, don’t have to worry about them. Their kids are going to be fine. Their kids and grandkids are going to be among the winners. It’s their kids who’ll suffer. Them. Those others. The losers."
rant  tea-party  conservatism  politics  economics  taxes  tax-cuts  ideology 
april 2011 by tsuomela
U.S. Intellectual History: Liberty and Order: Or, the Perplexities of American Conservatism
"This liberty-order distinction is instructive, but it got me thinking: it’s simply incorrect to imply that American conservatism tilts unequivocally in “live free or die” directions. Here I would call attention to David Sehat’s book, The Myth of American Religious Freedom, about the rise and fall of the American Protestant moral establishment. Sehat points out that, insofar as the Christian Right has mobilized since the 1960s to reassert a moral establishment in the midst of an increasingly secular and individualistic public sphere, it is hardly libertarian. "
tea-party  conservatism  libertarian  history  political-science  freedom  taxes  tax-cuts  ideology 
april 2011 by tsuomela
Americans Want to Live in Sweden « The Baseline Scenario
This is one of the themes brought up in Winner-Take-All Politics by Jacob Hacker and Paul Pierson. Americans really think that society should be considerably more equal than it is, and that attitude has not shifted appreciably during the past thirty years. Yet our political system produces policies that make America more and more unequal, predominantly by cutting taxes for the very rich. Hacker and Pierson’s point is that there has not been an ideological shift toward conservative positions in the country at large (at least not on this issue). Instead, it’s the game of politics that has changed, so policy has become more disassociated from the preferences of the people.
politics  tax-cuts  taxes  wealth  income-distribution  public-opinion 
october 2010 by tsuomela
Paying for what you use up « The Reality-Based Community
Among the standard bleats of those who want [to be heard asking for] less taxes on everyone, and want to actually have less taxes on on the bleater personally, is a sort of pugnacious Babbitty claim that “I earned my money by my own efforts and when the government takes it from me it’s theft.” Another is that individuals will spend a given dollar better than the government. If you recognize these as ignorant cant, you might as well scroll up or down to the next post which will assuredly enlighten you more than this one. Short version of the first lesson: what’s yours is what’s left after you pay for what you use up, which means after taxes. Shorter version: don’t like government? Try Somalia (and let us know how that works out for you). Short version of the second: just how do you propose to privately pay everyone to mean the same weight when they sell you a “pound” of something? Do you really want to buy a set of the satellites that make your GPS work by yourself?
politics  taxes  tax-cuts  government 
september 2010 by tsuomela
Do Tax Cuts Starve the Beast? - TheFiscalTimes.com
Over the weekend, Sen. John Kyl, R-Ariz., asserted that despite the large budget deficit, tax cuts must never be offset, budgetarily. This view is consistent with a philosophy long held in Republican circles that tax cuts without any offsetting spending cuts are the epitome of fiscal responsibility because they will somehow automatically “starve the beast.” Starve the beast theory has been the subject of much recent academic research, all of it showing that there is no truth to it whatsoever. Indeed, the literature shows that the effect is actually perverse; leading to higher spending because the tax-cost is reduced by tax cuts.
tax-cuts  taxes  supply-side  economics  government  research  starve-the-beast  ideology  policy 
july 2010 by tsuomela
The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks
This paper investigates the impact of changes in the level of taxation on economic activity. We use the narrative record -- presidential speeches, executive-branch documents, and Congressional reports -- to identify the size, timing, and principal motivation for all major postwar tax policy actions. This narrative analysis allows us to separate revenue changes resulting from legislation from changes occurring for other reasons.
tax-cuts  taxes  economics  econometrics  american  history  2h20c  paper  research 
july 2010 by tsuomela
NBER.org - Macroeconomic Effect of Tax Changes
In The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks (NBER Working Paper No. 13264), authors Christina Romer and David Romer observe that this difficulty is just one manifestation of a more general problem. Changes in taxes occur for many reasons. And, because the factors that give rise to tax changes often are correlated with other developments in the economy, disentangling the effects of the tax changes from the effects of these underlying factors is inherently difficult.
tax-cuts  taxes  economics  econometrics  american  history  2h20c 
july 2010 by tsuomela
The political genius of supply-side economics | Martin Wolf's Exchange | FT.com
How did supply-side economics bring these benefits? First, it allowed conservatives to ignore deficits. They could argue that, whatever the impact of the tax cuts in the short run, they would bring the budget back into balance, in the longer run. Second, the theory gave an economic justification – the argument from incentives - for lowering taxes on politically important supporters. Finally, if deficits did not, in fact, disappear, conservatives could fall back on the “starve the beast” theory: deficits would create a fiscal crisis that would force the government to cut spending and even destroy the hated welfare state.
politics  deficit  federal  government  tax-cuts  supply-side  economics  growth  republicans 
july 2010 by tsuomela
tax.com: U.S. Tax Rates: A Bargain Hunter's Dream?
So in the years since 1985, what do you think Americans have increased their spending on the least?

The answer, the 2010 Statistical Abstract shows, is taxes.
taxes  tax-cuts  money  economics  statistics  4q20c  government  spending  deficit 
july 2010 by tsuomela
slacktivist: Post-apocalyptic anarchy day
The pseudo-economists of the Tax Foundation, likewise, propose a radical alteration of the world as we know it, but fail to explore, appreciate or allow for the implications of that alteration. They propose a world without taxes, which is to say a world without government. Yet in their very next breath they suggest that this alternate reality -- this world without any taxes, without any government -- would be so utterly similar to our current reality that easy comparisons can be made.

That's insane.
tax-cuts  taxes  anti-tax  infrastructure  hidden-assumptions  stupidity 
april 2009 by tsuomela
Tax Rates and Tax Havens ~ Angry Bear
Nonetheless, we can draw some conclusions. High top tax rates did not create tax havens.

Many will argue that tax havens arose as a response to high taxes. Tax havens came into play after top rates had fallen significantly. To argue that 50% tax rates or higher--say 70% or even 90%--forced the wealthy to go elsewhere is not exactly persuasive.
taxes  tax-cuts  law  foreign  money  rich  wealth 
march 2009 by tsuomela
EzraKlein Archive | The American Prospect
For the rich, effective federal tax rates fall throughout the century. The top one percent was paying around 45 percent in 1960, and that's fallen to around 37 percent. But the real action has been in the subgroups above the top one percent: The top hundredth of a percent was paying above 70 percent of their income, and now they're only a touch above 40 percent
taxes  tax-cuts  fiscal-policy  politics  american 
december 2008 by tsuomela
Moody’s on economic stimulus package. « End the Echo weblog
Their data makes government spending look a lot more effective than tax cuts. You can see that even with the tax cuts, those that are most effective are those that target low income, rebates for those don’t pay federal income taxes or payroll tax holiday.
economics  government  policy  fiscal-policy  stimulus  tax-cuts  taxes  spending 
october 2008 by tsuomela
Op-Ed Columnist - Palin’s Kind of Patriotism - NYTimes.com
I only wish she had been asked: “Governor Palin, if paying taxes is not considered patriotic in your neighborhood, who is going to pay for the body armor that will protect your son in Iraq? Who is going to pay for the bailout you endorsed? If it isn’t from tax revenues, there are only two ways to pay for those big projects — printing more money or borrowing more money. Do you think borrowing money from China is more patriotic than raising it in taxes from Americans?” That is not putting America first. That is selling America first.
taxes  tax-cuts  politics  opinion  commentary  patriotism 
october 2008 by tsuomela
Open Left:: Moral Politics And The Bailout
The problem is this: a tax cut that provides a million dollars to a single individual or a single dollar to a million individuals still pumps a million dollars into the economy. So what justifies giving so much of it to one rich guy instead of spreading it across a million regular people?

Only the conservative belief that the rich acquired their money by exercising greater virtue than the rest of us. While trickle-down economics theory can be used to mask a raw power grab, it is also a philosophy of moral superiority which many conservatives have come to truly believe. It credits the wealthy not only with financial savoir-faire, but with character excellence: the rich are not just financially wise, but morally good, because they use their resources in ways that promote, instead of harming, the general welfare.
taxes  economics  politics  morality  philosophy  conservatism  tax-cuts 
october 2008 by tsuomela

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