Sunday, November 02, 2008
Taxing the Dolphins - WSJ.com
The idea that it's bad for rich people or big companies to make a lot of money is really stupid.
Anyone who has worked (maybe that says something) knows that when your boss or your company is doing well, the money and benefits flow.
Subsequently, the workers spend that money and help other businesses to make money and grow.
All of the businesses employ people; people who pay taxes; and those taxes keep the government afloat.
So, the rich get richer, the companies make money, the employees become financially successfully, and the government gets their share.
What's not to like?
It's a WIN, WIN, WIN, WIN, situation!...
Anyone who has worked (maybe that says something) knows that when your boss or your company is doing well, the money and benefits flow.
Subsequently, the workers spend that money and help other businesses to make money and grow.
All of the businesses employ people; people who pay taxes; and those taxes keep the government afloat.
So, the rich get richer, the companies make money, the employees become financially successfully, and the government gets their share.
What's not to like?
It's a WIN, WIN, WIN, WIN, situation!...
This article, in the Wall Street Journal points out a sidelight:
"One economist who observed this tax avoidance was Austan Goolsbee, of the University of Chicago, who is now a top Barack Obama adviser. In a 1999 paper, 'What Happens When You Tax the Rich?,' Mr. Goolsbee wrote that 'the higher marginal rates of 1993 led to a significant decline in taxable income.'"
