A Quote by Daniel J. Mitchell
... both individuals and companies are using the Netherlands as a haven for productive activity. ... This is good news for all taxpayers. The rich directly benefit, since greedy politicians are unable to seize as much of their money. And the rest of us benefit, since this puts downward pressure on tax rates as governments try to keep the geese that lay the golden eggs from flying away.
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High tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates - or perhaps any taxes at all. What is worse than class warfare is phony class warfare. Slippery talk about 'fairness' is at the heart of this fraud by politicians seeking to squander more of the nation's resources.
Low interest rates benefit individuals or investors who own or want to buy assets; in that regard, they disproportionately benefit wealthier Americans.
Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark.
The Korean government is the first to declare that if you replace people with machines you have to pay a tax. It's a tax on robots. They make private companies internalise the social cost of unemployment. Social benefit is not the same as private benefit. We have to realise this.
Politicians, bureaucrats, editors, new commentators, 'economists' teachers,' and other word artists who denounce private enterprise and praise socialism are their own worst enemies...these attackers are unwittingly destroying the sources of their own livelihood. They kill the geese that lay the golden eggs - and don't know it!
When you have a tax system in which most of the exemptions and the lowest rates benefit the richest, all in the name of job creation, all that happens is that the rich get richer.
God loves every one of us but cannot directly benefit us; he can benefit us only indirectly through each other. For this reason he inspires us with his love
The Constitution does not protect the sovereignty of States for the benefit of the States or state governments as abstract political entities, or even for the benefit of the public officials governing the States. To the contrary, the Constitution divides authority between federal and state governments for the protection of individuals.
Once money goes into a charity, it is tax exempt, so that's a benefit you get. And in return, you have to use the assets of the charity to serve the public good. So if Trump is using this money basically to save his businesses, the money isn't helping people. That's a violation of the letter and the spirit of law.
When people pay taxes, they are buying a service and benefit for their community. Colorado Tax Tracks shows taxpayers what they pay and what they buy for their money.
I'm using the laws of the nation to my benefit. And I should do that, it's to my benefit. Now, when, if I am running the country I will use that same ability that I have, because I have always had the ability to make a lot of money. I'll use that same ability to make our nation rich again, because it sounds like, not nice, some people said, oh that's a harsh word, "rich". We can't be great again until we are rich.
Public employees contribute real value for the benefit of all citizens. Public-union bosses collect real money from all taxpayers for the benefit of a few.
The other thing that's really important in tax reform is making sure that we don't tax American businesses at much higher tax rates than our foreign competitors tax theirs. It is costing us jobs. It's one of the reasons all these American companies are moving overseas.
I could easily vote for things that benefit me taxwise, but the rest of my family is not in this tax bracket. So when I vote, I try to keep in mind my family and my community and what I think is best for the nation as a whole.
Local tax increases can cause high-net-worth individuals to move, tax experts said; tax avoidance and tax arbitrage are multitrillion-dollar affairs, and rich people are sensitive to tax rates. But many of the people who move when their home state raises taxes are close to retirement anyway.
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