Tuesday, February 15, 2011

Tax Breaks: Welfare for Higher Earners

I think one of the biggest reasons I get so pissed about tax issues is the various deductions and breaks offered and how people who are so strongly anti-welfare have no real problem taking their tax breaks.

I recognize that most of these people are anti-tax and anti-redistribution, but even still, the honest (or at a minimum those who can think at least a little) will acknowledge the need for some taxation. There are necessary government services, even if they think that is limited to the military. So some taxation is necessary (again, they may prefer it be a sales tax or tariff or business but meh...). But still, if you want taxes to be fair, then you have got to eliminate deductions.

Tax deductions are welfare for the wealthy. Someone earning $75k/yr doesn't need to get an extra $3k back in tax refund. That money could be much better spent either by the government using it to provide for the well being of the nation (building infrastructure) or by giving it to someone who is unemployed, can't find work, and doesn't have enough income to feed her family.

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