Thursday, September 18, 2008

Credit Where Due

I'll give credit where due. I still support the Lysander Spooner voluntary tax approach which will offer the largest possible tax cut of any Presidential candidate. Of the two 'majors' Obama has a much more appealing tax plan.
Tax Plans (that’s one for you, nineteen for me)

There’s a graph that Obama supporters are sending around, showing the differences between the Republican and Democrat tax cut proposals. It shows that Obama is not in fact planning to raise taxes - he’s planning to cut them for all but the very, very rich. I couldn’t help but notice though - the graph is still massively weighted towards the interests of the super-rich. For example, the bottom two-thirds of the population are given only a third of the space on the graph, while the top 0.1% of the population - one in a thousand people - gets almost 10%. What’s more, an “average tax cut” is then given, which seems to have been derived from taking a total of the nine income brackets shown and dividing it by nine. Journalists should really volunteer to take remedial arithmetic, you know. Once again, this ignores that one of the brackets represents one thousandth of the population.


Of course all either any these candidates can really do (myself included) is to sign off or veto the tax plan sent to them by Congress. It's not like we elect a temporary dictator. Those have to steal elections.

2 comments:

List with Laszlo said...

I'd like to a see a candidate suggest cutting corporate bailouts and instead giving the billions to the tax payers!

rbbergstrom said...

Jake, I think you'll find this amusing.