Meanwhile, Di is living large. She is paying only $1 in annual taxes while receiving $3.25 to $4 in government services. The difference is a welfare subsidy to her, no less than if the government forced Al, Bo, and Cy to write her a check or hand her some cash.
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Happy birthday, Frédéric Bastiat!
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End the property tax exemption for churches
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You mean repeal the first amendment? What did church ever do to you? Jesus loves you.
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No one should subsidize your sunday morning activities also no one should be flying in a private jet tax free
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But they should subsidize your Abortion Health Care Illegal immigrant migration Religion is a protected First Amendment right. No one is asking you to subsidize it, just leave it alone.
#maga#qanon#fourth#FoundingFathers
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Cool story but you voted for a giant bill with tons of targeted tax breaks
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Exactly. Was looking for the tweet where he explained his vote but I gave up.
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So why did you vote for tax breaks largely targeted at corporations and the wealthy?
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Very “Tragedy of the Commons”, yes. Do more to stop the unconstitutional atrocities being perpetrated by this admin and your party; after all, immigrants are great for growing the economy.
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Bottom line: Income tax, corporate tax, capital gains tax, payroll tax and death tax are all bad. Convoluted tax code is bad, abolish it.
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Eliminate all the illgeal taxes on american citizens. Simple and constitutional. No libertarians support taxes.
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Well stated. Would you also agree that targeted tariffs are also bad? I’m fine with tariffs as long as they are low and universal across all industries/products.
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Your example fails because you have not said how much the people earn and also how much is Di adding to the economy. If more people are employed and value created then a targeted tax break makes sense.
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Bottom bottom line,
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REPEAL THE 16TH AMENDT & ABOLISH THE IRS
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Yep. Giving targeted tax breaks as an incentive or gift implies that paying taxes is a form of punishment. It's a terrible concept all around if the goal is building an inequitable tax system and fiduciary trust in our government.
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Isn't the theory this: if Di uses her $3 subsidy to start a biz, hire Al, and lift his income by (say) $5, then he won't mind paying $1 more in tax, nor Di getting a 25c "share" via subsidy of his extra wealth she helped create. So it depends how many Als you generate per Di.
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Let's say Bo is disabled and can't work much so Al and Cy were already paying some of his (higher) share of services. Now Di's come along and hired Al, who can now easily afford $1 extra in tax, and still have money left over to spend in Cy's store. Cy can now afford $1 extra!
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This means Al and Cy are happy because Di's entrance made them each richer by more than the additional burden. Di being rich, doesn't need a lot of services as she uses private ones (all her "services" come via subsidy), so the net tax take is up but net expenditure is not.
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Meanwhile Bo is very happy with this situation because for an extra 25c in tax, the government can provide him with a special car for his disability. Bo is now able to work! He goes from $0 to $3 in tax. Al, Cy, and Di each get a rebate. Di uses hers to hire another Al. Etc
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I'm not promising that giving Di a break = more wealth (as your Repub colleagues claim), or that giving Bo a free car = more wealth (as Ocasio et al claim). Just illustrating that if you fiddle the parameters you can make anything look good on paper.
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