Quotulatiousness

November 7, 2017

“Paying for” tax cuts

Filed under: Government, Liberty, Politics, USA — Tags: , , , , — Nicholas @ 05:00

In the latest issue of the Libertarian Enterprise, L. Neil Smith explains why he isn’t a fan of the notion that tax cuts need to be “paid for”:

I am not an economist, nor do I play one on TV, but I know a hand-job when I see one. The mindless mutants who are mangling Donald Trump’s tax plans are dragging this nation and the world into a Da-Daesque vortex we may never get out of. (Only a “progressive” Democrat would stomp a man’s legs, break them in a dozen places, and then make fun of him because he can’t walk.) While lowering almost everybody’s taxes, they want a special bracket appended to the deal to punish people with a million dollars or more to “pay for” everybody else’s tax relief. My question, in an era when government takes too much away from us already, why the bloody hell should it be allowed to steal more?

Even from people who are supposedly hated by the “masses”? (I seriously doubt it. “The Democrat Party masses, more likely. Most right-wing masses — if there is such a thing — aspire to become millionaires, themselves.)

Half a century ago, when I was a shiny new Objectivist warrior, jousting with various statist orcs and trolls on the left, a major concern of theirs seemed to be the big, luxurious houses that rich people built for themselves or bought and lived in. Somehow, there was something evil or sinful in that — “conspicuous consumption” one famous comtard called it — and it needed to be stopped. It didn’t ever seem to have occurred to these feeble-minded pickpockets (who had likely never done an honest day’s work in their worthless lives) that the construction of a big, luxurious house (today, we call them McMansions) requires the skilled services of dozens, if not hundreds, of earth-movers, concrete-workers, framers, finish carpenters, glazers, roofers, plumbers, sheet-rock guys, landscapers, etc., most of whom have families to feed, clothe, and house, themselves.

They need rich people to build big, luxurious houses for.

In general, there are few, if any, ways the most malign “malefactor of great wealth” can spend his money without benefitting someone who needs a job. Even cocaine has to be cultivated and processed by somebody. This lesson was learned the hard way back in 1990 when Idiot-in-Chief George 41 Bush broke his “read my lips” promise and allowed a punitive “luxury tax” to be levied on yachts, big, expensive cars, and assorted other keen stuff like that. Hundreds of jobs were lost. Thousands suffered. One company went from 220 workers to 50 overnight. Within two years those who had stirred up class envy the most energetically were calling for repeal of this “hate the rich” tax. In the same way, millionaires’ money would fly overseas in an instant and vanish from our struggling economy.

2 Comments

  1. Governments all have spending problems. And their constituents all have unreal expectations on how their money, that is taken from them by force, is spent. Taxation is theft. Using it to bribe people is illegal and immoral. All done in the name of fairness and compassion. And most of the sheep don’t seem to care.

    Comment by Dwayne — November 7, 2017 @ 16:37

  2. And most of the sheep don’t seem to care.

    Most people don’t think of it as being their money: they think of it as either free money or rich peoples’ money. Either way, they’re okay with those funds being spent. As tax systems get more progressive, the average voter is less and less likely to be a net tax-payer, so in that sense they’re not far off about the money not coming “from” them.

    Comment by Nicholas — November 7, 2017 @ 18:44

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