The way we shape society is about choice we can have higher taxes on the wealthy or cut services and social security to the poor It is up to us how we start to pay the deficit down. Higher taxes on wealthy estates both council Tax , inheritance Tax and the transaction tax(Tobin Tax) look like a good idea . The only way to retrieve the enormous profits that companys and individuals have Made over time out of ordinary peoples labour is through higher taxes. We cannot rely on a just benevolent attitude that does not exist. we should never forget that it is a myth that people are self made. To make an extreme point it may be argued that even the unemployed are necessary in a capitalist system to control wage labour It Cannot be right to cut the taxes of the wealthiest whilst services and social security are cut to the poor. It may be safe to reason that if the higher taxes placed upon the wealthy are used to help pay down the deficit then you may be able to reduce the burden on ordinary people thus leaving them some spending power to give the economy some impetus. The belief in low tax economies may be misplaced. As it may be suggested that they only seems to help the already rich and prosperous. If you look at America before the economic collapse one can see a low tax economy producing great wealth with the belief that this will somehow trickle down and every one will prosper. This would seem to be a myth as it would appear that a significant part of the population then and now lack sufficient medical cover and welfare
Posted on: Sun, 26 Jan 2014 13:12:27 +0000