New Ways To Tax You

When candidates propose new and better plans to collect taxes this means no effort will be made to reduce spending. No matter what, the biggest burden of taxation is going to fall on the group with the least political utility to the person proposing the new system of taxation.
Identifying the burden of taxation is not that simple. Half of the people pay no federal income tax so they say. That is only if FICA is not counted as a tax but FICA is a tax. It is said that employers pay half of FICA. That is true if you believe employers don’t pass their half on to employees in the form of lower wages. The rich already pay more than their fair share so you say. Well, the rich get more benefits from the government. In many cases the taxes the rich pay are close to being investments. The rich use government to create, protect and manage markets. The upper echelon of rich could not maintain their status without using government to gain an unfair advantage.
There are a number of truths where taxation is concerned.
1.) More tax revenue generates more spending
2.) Lower taxes generate more spending. People want more of what costs them less.
3.) Taxes keep voters in touch with what government costs.
4.) Higher taxes result in smaller government an in the long run lead to lower taxes.
When a politician comes up with a new idea for collecting taxes, the true message is, “Spending is not coming down but this new tax plan will make the cost of big government less painful for my supporters.”

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.

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