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Not just the last 20 years. Taxes and regulations are always about redistribution of wealth (except for taxes and regulations that everyone evades, i.e. no effect on the ground, as in some 3rd world countries). That redistribution is almost always from the middle-class and poor to the ultra rich. That's been the case ever since taxes were invented thousands of years ago.
The "uber rich" do not get rich by tax cuts. They get rich by one of two ways:
(1) Actually delivering goods / services that average individuals desire; e.g. Steve Jobs, Bill Gates, etc. from their main lines of business.
(2) Getting rich by government subsidies and government contracts.
The first type of course is beneficial to the rest of the society's standards of living. The second type is detrimental, as it literally is looting the vast majority of the population to enrich a select few.
Governments are imaginary/conceptual entities. A "government" can not think or act by itself. Governments have to contract out all its spending, either to "government employees" who already make more than double the rest of the population on average, or to private companies owned (increasingly) by the "uber rich" of the second type mentioned above. All that money has to be taxed from people either making less or making money from the first type mentioned above . . . i.e. productive members of the society (plus interest cost too if borrowed against future taxes).
In other words, all government taxes (and spending) and regulations are about displacing individual spending (resource direction) that constantly search for more efficient solutions, substituting it with coercive forms of spending (resource direction) where designated few become the exclusive purveyors of services and goods.
It is little wonder why after decades of increasing government spending (government deficit-spending / inflation also being a form of tax) and regulations, we have a society with more polarized rich vs. poor, with the vast majority of the population being pauperized despite technology progresses that should have enhanced standards of living over the same time period.
posted by 24.91.39...
, Tue, 5 Jul 2011 14:58:44, Thu, 7 Jul 2011 08:20:29
, Thu, 7 Jul 2011 07:00:33, Wed, 6 Jul 2011 17:08:22, Tue, 5 Jul 2011 10:10:14, Tue, 5 Jul 2011 10:46:16
, Wed, 6 Jul 2011 06:45:49
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