Showing posts with label equality. Show all posts
Showing posts with label equality. Show all posts

Sunday, December 30, 2012

Equality Of Taxation Would Completely Wipe Out The First 41 Million Wage Earners

If we had anything like equality of taxation in this country, it would completely wipe out roughly the first 41 million of 151 million total wage earners. That's how bad federal spending has become.

In 2011 the first 37.4 million individual wage earners had net compensation of up to $10,000. Add in those making up to $15,000 and you get up to 49.6 million wage earners. So the 41 million mark is reached roughly somewhere between the $11,000 and $12,000 per year level of earnings.

For fiscal 2011, federal spending came to $3.6 trillion, and US population came to 313.85 million people.

If we taxed everyone equally as the US Constitution called for originally (you know, "direct taxes shall be apportioned among the several states according to their respective numbers", which is one reason why we must have a census every ten years to begin with), all that federal spending in 2011 divided by all those millions of population comes to . . . wait for it . . . $11,480 per person.

So federal spending in this country is so bad that we'd have to reduce the lowest paid 41 million Americans to what amounts to slavery, to be fair, because they'd owe everything they make to the government. Everything.

"How much government is spending is the true tax", Milton Friedman once said (quoted here). And also the true tyranny.


Wednesday, December 19, 2012

Tax Equality Would Expose The True Horror Of Federal Spending

The true horror of federal spending in America would be understood by everyone if we actually had tax equality, by which I mean if everyone paid the same rate of taxation on all income, regardless of source.

SocialSecurity.gov reports that there were 151,380,749 people in America in 2011 with net compensation of about $6.2 trillion. However, personal income was actually more like $12.95 trillion from all sources according to the Bureau of Economic Analysis. This total probably was distributed to more individuals than the above referenced 151.4 million workers, but that number will be close enough to illustrate the horror I am describing.

Let us assume we tax each person earning income individually, which we do not do presently for conservative reasons, and grant to each person earning income a poverty exception to taxation of the first $11,170, which is the federal poverty guideline for a one person household in 2012. Times the 151. 4 million workers or so, this exempts $1.7 trillion from taxation, leaving $11.25 trillion of personal income in 2011 to be taxed.

In order to generate the $3.8 trillion or so we spent at the federal level in the last year, everyone earning income from whatever source would have to pay a tax rate of 33.8% on that $11.25 trillion in order to have a balanced budget for the year.

I seriously doubt the 47% who pay next to nothing in taxes would be too happy to get that tax bill, but maybe they should, if we truly want to cut government down to size.

Besides, it's only fair.

Tuesday, January 24, 2012

50 Million Children Have Paid The Price For Women's Equality

Kelly Boggs, here:

[P]ro-choicers are more than happy for preborn children to pay the price for a woman's so-called "liberation" and "equality."

The day the Supreme Court granted a person the "liberty" to take the life of a preborn baby for any reason, or for no reason, was a dark day in the history of the United States. As a result, over the last 39 years more than 50 million preborn babies have had their lives sacrificed on the altar of "liberation."

I will observe the anniversary of Roe v. Wade this year as a day of infamy on par with other dark dates on the calendar of history. Pearl Harbor, Sept. 11, the Holocaust, and the Rwandan genocide are horrific events in which millions of innocent people lost their lives. But the number of babies aborted since Jan. 22, 1973 is many more times the combined number of those who died in those atrocities.