Fair Share….What Is It and Who Determines

“FAIR SHARE!”, shouts the POTUS from the pulpit of politics. Standing behind a podium with a Presidential Seal that allows this mantra to spew forth, the POTUS fixes his glance…it is not about Class Warfare (as he stifles the ever present snicker), it is math. This from the lips of a man that cannot add numbers to reach two much less understand the concepts of math. It is clear that he took the same math class that Warren Buffet has taken. BUT, class warfare is a subject of another time. So, what is exactly “fair share”?

More Red Causes Far Less Green

Perhaps after watching the abysmal game between North Carolina and Kentucky, some of you may have stayed on the channel and watched the 60 Minutes report on companies that have taken their operations out of the United States and deposited them in more tax friendly countries. I listened to the report with interest. As many of you know, I have for years been saying that the United State’s insistence on raping corporations in tax rates is one of the primary drivers of unemployment and fiscal difficulty in our country. True to form, the side supporting the such tax rates immediately fell back to an emotional appeal. But it falls on deaf ears in my case as I ask myself, “When will the United States Government wake up and realize that they cannot control the world and that they are committing suicide by continuing to arrogantly think that they can?”

Corporations Don’t Pay Taxes… Part Deux

Some good discussions happening yesterday around this subject. I wasn’t as able to be a part of the conversation as I would have liked, so I am going to address some of the comments from others here. I will copy the comments from yesterday into the comments today in order to answer those I wanted to answer. I figured starting with a fresh thread would be a good thing as well. By the end of the weekend, it might have been a bit overwhelming to have to scroll through 500 comments to find if someone answered you. So the article from yesterday still stands, with a few additions today! I did, however, answer many posts in yesterday’s article late last night so don’t ignore that thread now that it has re-started here. The major point that I was making in the article seems to have slipped past a few folks, as the discussion took a decisive turn towards moral justification of taxes on the wealthy being raised. The point of the article, boys and girls, is that ECONOMICALLY the idea of increasing the taxes on the wealthy and corporations is a bad idea.

Corporations Don’t Pay Taxes

People do! There have been extensive conversations over the last year around the different perspectives that each party operates on in terms of taxes. One of the major reasons that, when I did choose to be a part of a political party, I couldn’t support the Democratic party, was their outlook on economics. The ideas of wealth “trickling up”, consistent increases in regulation of the private markets, and redistributing wealth are all against the very core of what I believe, and in the case of trickling up wealth, against logical reason. In many of my arguments with those on the left, I have brought the subject of this article up, offering it as a reasonable assessment of where there is a fatal flaw in their plan. I never get a response after that. The subject gets quickly changed, or in forums I am simply never answered by that person at all. So I am going to present the argument again, and explore the concepts. I welcome any challenge to my thoughts, as I want to know if there are things I am missing…