A number of posters have mentioned the benefits of taxation. They can increase the quality of things like social programs, public amenities (like road systems), and national defense.
We all know that they can also lead to corporate welfare, embezzlement, and other scandalous things.
One poster whom I've enjoyed debating with summarized his take on taxation:
The question I have for all of you here is: How much taxation is too much?
While I favor the idea of socializing healthcare, I have to point out that other countries with large social programs tend to have controversial taxing arrangements.
The U.K. tax percentages are provided by this helpful chap...
Personally, I like the idea of minimizing federal taxes and raising state taxes somewhat, so that each state can implement socialized healthcare. I think they'd do a better job than the feds.
So, should we increase taxes in the U.S. either federally or state-wise in order to improve social programs, or should we continue onward with lower taxes but with growing poverty issues? It's a hard choice when you consider how higher taxes also mean less disposable income (less money to spend according to your own wishes).
What do you guys think?
EDIT: Had to fix a few things...
We all know that they can also lead to corporate welfare, embezzlement, and other scandalous things.
One poster whom I've enjoyed debating with summarized his take on taxation:
This is a good point. If done correctly, tax revenue can be used to minimize poverty and maximize healthcare coverage among the general populace.[F7F7]KiNG_KaDaFFHi wrote:
Actually...you americans got the tax thing all wrong...taxes is actually a good thing...if divided and collected well they build the foundation of the soceity....I´d like to say that sadly the fighting forces are perhaps one of the biggest and most wrongly used tools...wrongly used by a puppet run by puppet masters.
The question I have for all of you here is: How much taxation is too much?
While I favor the idea of socializing healthcare, I have to point out that other countries with large social programs tend to have controversial taxing arrangements.
The U.K. tax percentages are provided by this helpful chap...
So, while the U.K. has large social programs that are designed to take care of their needy to a greater extent than our programs, their working class people have less money to spend independently. When figuring all of the other taxes the British have to pay, it makes you wonder if heavy socialization is really worth it.aardfrith wrote:
The income tax rates set by HM Revenue & Customs for 2006-07 are:
0% for the relevant tax allowance rate. For most people this is the first £5,035 of income
10% for the next £2,150 of income
22% for the next £31,150 of income
40% for all income above that.
The tax bands for 2007-08 will be set on Wednesday 21st March.
Personally, I like the idea of minimizing federal taxes and raising state taxes somewhat, so that each state can implement socialized healthcare. I think they'd do a better job than the feds.
So, should we increase taxes in the U.S. either federally or state-wise in order to improve social programs, or should we continue onward with lower taxes but with growing poverty issues? It's a hard choice when you consider how higher taxes also mean less disposable income (less money to spend according to your own wishes).
What do you guys think?
EDIT: Had to fix a few things...
Last edited by Turquoise (2007-03-18 12:51:26)