"Raise taxes on the richest 2%; when the accountants tell the billionaires they'll save more money by keeping it within their dividends instead of cashing out (and taking the tax hit), the corporations will suddenly be flush with cash and increase hiring again. Heck, just raising the marginal tax rate 3% (back to a Clinton-era 39%) would eliminate all the deficit problems everyone is whining about." (Back from like page 3)
Here's the thing, the government counts among the two percent as rich "those who actually own a house without debt." You could be struggling even to do that, but you're rich.
Also, let's use simple logic here: You pay taxes, the government uses it to build schools, roads, etc. Who benefits? People involved in schools, roads, etc. The government's hands are tied from collecting money, such services suffer. On the other hand, money not taxed stays in the hands of those making money. What does this mean? It means Joe Employer can now afford to hire ten workers instead of one (if you don't believe me, look at the huge taxes some businesses pay, such as wine growers).
So what's behind the recession, low or high taxes? Neither, but more people actually can benefit from less taxes, and MUCH less government waste. The government is in debt, so they cut programs. This has nothing to do with low or high taxes, but the government being the greedy control freak it is, will use that as an excuse. No, what's behind the recession is not tax, but debt. Government debt, employee debt, landowner debt (look up the word underwater
with regard to property), and especially debt to foreign countries. Tax doesn't do anything but shuffle around money. But money flows out of the country by doing things like employing immigrant workers who send money back to their homes (coughcoughHispanicscoughcough
), or trying to pay China, or Islamic countries off.
If we wanna fix this system, here's what we do. We pool our money as a tax, stopping conventional taxes for about 5-10 years. All this money goes to paying off debts, and nothing else. The government acts like someone trying to become debt-free, and cuts back. Can we trust our government to do this? No. So why are we fretting about taxes? We should just all spend into debt until none of us has anything, then take our stuff and run. Leave the government to suck it up, and stop paying taxes, since they're just gonna overspend anyway.