Live free or die by the sword
Retired Forum Staff
✔️ HL Verified
💻 Oldtimer
Taxes are a funny thing, because they only really screw the middle class and lower upper class. For the upper class, money grows on trees, and for the lower class, one or two babies offsets your income tax. Middle class pays, lower class pays nothing but *****es that the guys at the top pay less, when that top 1% is paying some 70% of the nations bills.Well said, I know of the Robber Barons, and there is a big difference between that kind of businessman and an honest capitalist. Many people are not aware of the difference (which is why "honest capitalist" sounds kind of funny!). Many Robber Barons profited by influencing government to make regulations, or subsidize their industry. Real Entrepreneurs succeeded by observing the market and providing a newer, higher quality, lower price or better service than it's competitors, without the help of any government subsidy. People pay income tax when they can barely pay rent, but it used to be less than 10%(I think) of the population who had to pay. It's not easy to save money or grow a business these days and it's largely due to the mess of obstacles like regulatory bodies, licensing & standards, and interest rates. Robber Barons succeeded by influencing those obstacles, and their ongoing influence will keep everyone elses face in the pillow while they get off, until a real leader steps up and finds a solution.
I'm a fan of everyone pays a flat rate, and government gets the minimum it needs to do what it does. No more loopholes, for anyone, and no more unfair tax brackets. Government lives inside its means, and does not continue on this path where it absorbs the ability of the upper middle and lower upper class to provide jobs for everyone else.