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Why the Really Rich Love Socialist
Chicago Boyz —
This article [h/t Instapundit] shows that the U.S. has a more progressive tax code than the Democratic-Socialist states of Europe.
Such a state of affairs should not come as a surprise. Our own history shows that the very wealthy benefit from leftist policies of high tax rates, “targeted” taxation and industrial policy.
The ugly truth is that the really wealthy can manipulate the political system to their own ends better than ordinary people. They can lobby for specific tax breaks that only they can take advantage of. They can ...
Socialism watch: How progressive do we have to get?
TigerHawk —
Here we've all been worried that Barack Obama's policies would spread our wealth all the way into socialism, and it turns out we're socialist already! Emphasis added. Barack Obama's admission that his policies would "spread the wealth around" has ignited a nationwide discussion of how progressive the tax system should be and how it should be used to redistribute income among Americans. Obama has been very successful in bolstering the conventional wisdom that the U.S. tax system does not place a significant enough burden on wealthier households and places too much of a burden ...
Too Progressive Already
Power Line —
... A new report by the Organization for Economic Cooperation and Development (OECD) shows how extreme the progressivity of our tax system has become. The U.S. "has the most progressive tax system and collects the largest share of taxes from the richest 10% of the population." That's right: our tax system is more progressive than Sweden's. ...
Towards a More Unfair Tax Code
Brain-Terminal.com —
Already, the United States has one of the most redistributionist income tax codes on the planet:
Barack Obama’s admission that his policies would “spread the wealth around” has ignited a nationwide discussion of how progressive the tax system should be and how it should be used to redistribute income among Americans. Obama has been very successful in bolstering the conventional wisdom that the U.S. tax system does not place a significant enough burden on wealthier households and places too much of a burden on the ...
We Already Have The Most Redistributionary Tax Code In The World
Say Anything —
Or, at least, in the free world anyway according to The Tax Foundation:
Barack Obama’s admission that his policies would “spread the wealth around” has ignited a nationwide discussion of how progressive the tax system should be and how it should be used to redistribute income among Americans. Obama has been very successful in bolstering the conventional wisdom that the U.S. tax system does not place a significant enough burden on wealthier households and places too much of a burden on the “middle class.” ...
News to me: USA most progressive already
SCSUScholars —
According to The OECD, the US already has the most progressive tax system. Scott Hodge of the Tax Foundation notes: Even after accounting for the fact that the top 10 percent of households in the U.S. have one of the highest shares of market income among OECD nations, our tax system is second only to Ireland in terms of its progressivity for households. The table also shows that the U.S. collects more household tax revenue from the top 10 percent of households than any other country and extracts the most from that income group relative to their share of ...
It Was The Best Of Times, It Was The Worst Of Times
Sadly, No! —
... stifles upward mobility between generations, making it harder for talented and hard-working people to get the rewards they deserve. Ignoring increasing inequality is not an option.”
Next, as so often happens, comes a phony report on the real study, cooked up by a wingnut shell organization in order to bamboozle people into thinking that false things are true, and vice versa. Watch and see if you can identify the trick they’re using:
News To Obama: The OECD Says The United States Has The Most Progressive Tax System
by Scott A. ...
On Tax Progressivity
A Chequer-Board of Nights and Days —
... untold man hours and amounts of money to comply with and does not broaden the tax base while at the same time reducing taxation rates. Barack Obama thinks that our tax system is unfair because it is not "progressive" enough and because under the Bush Administration, it has rewarded the rich at the expense of everyone else. The Organization for Economic Cooperation and Development doesn't have anything to say one way or another concerning my contentions regarding the tax system. But it calls shenanigans on ...
On Tax Progressivity
RedState: Conservative News and Community —
... The Organization for Economic Cooperation and Development
doesn't have anything to say one way or another concerning
my contentions regarding the tax system. But it calls
shenanigans on Obama's arguments: ...
Sweden Slashes Income Taxes to Promote Job Growth
Fausta's Blog —
... the government said.
Here in Princeton one of the things one hears when one complains about the astronomical taxes is, “Well, Sweden’s are higher.” Now that argument is dead. As John says,
We noted here that the United States has the most progressive income tax system in the developed world. That’s right–embarrassingly enough, more progressive than Sweden’s.
Indeed,
the U.S. collects more household tax revenue from the top 10 percent of ...
