tag:blogger.com,1999:blog-6762928.post3593734698917916541..comments2024-01-03T05:23:36.046-08:00Comments on The Citizens: Welfare vs "Wealthfare"Unknownnoreply@blogger.comBlogger14125tag:blogger.com,1999:blog-6762928.post-86167083943123868052013-06-14T23:25:46.821-07:002013-06-14T23:25:46.821-07:00It is not my first time to vіsit this web site, i ...It is not my first time to vіsit this web site, i am bгowsіng this website daіlly <br />and obtain goοd faсts fгom heгe daily.<br /><br /><br />Vіѕit my site - <a href="http://wikigpia.info/index.php?title=Hi_Octaine_Party_Pills" rel="nofollow">legal herbal incense reviews</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6762928.post-80243620446175054072013-05-10T13:34:53.146-07:002013-05-10T13:34:53.146-07:00Thanks for the good writeup. It actually used to b...Thanks for the good writeup. It actually used to be a amusement account it.<br />Look complex to more added agreeable from you! 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I have been trying to get the exact amo...Well said. I have been trying to get the exact amount spent on corporate welfare but cannotSimple Manhttps://www.blogger.com/profile/08354552287959585110noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-70378449240478323122007-04-04T15:30:00.000-07:002007-04-04T15:30:00.000-07:00Far too many people bought houses in reliance on t...Far too many people bought houses in reliance on the tax breaks, and the market is too dependent on these breaks, for us to change them now. <BR/><BR/>The best way to eliminate the market-skewing effect of the mortgage interest deuction is to make a certain percentage of rent tax deductible, and make it function as a refundable credit.<BR/><BR/>I also advocate having a high ($1m) deduction for capital gains tax from the sale of the primary residence - jack up the capgains on stock dividends to its 1999 levels. Surely nobody can argue that the economy in 1998-1999 was crippled by excessive taxation.The Law Talking Guyhttps://www.blogger.com/profile/17886791396468512490noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-46323121523997834622007-04-04T11:47:00.000-07:002007-04-04T11:47:00.000-07:00I would support tax credit for renters. But of co...I would support tax credit for renters. But of course this also skews away from the lower classes, who may little in income tax: deductions mean nothing if you are not paying that much in taxes anyhow.Dr. Strangelovehttps://www.blogger.com/profile/14407042105777411150noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-33955750091846854792007-04-04T07:40:00.000-07:002007-04-04T07:40:00.000-07:00Keep in mind re: the 'tax break' for home ownershi...Keep in mind re: the 'tax break' for home ownership a few things. Low mortgage rates lead to increased housing prices because the market can bear higher nominal rates when the actual payments are lower. Similarly, the tax break helps drive housing prices up. In the absence of the tax break, I suspect housing prices would slowly drop. Naturally, for those already with mortgages, this would be unacceptable.The Law Talking Guyhttps://www.blogger.com/profile/17886791396468512490noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-9666267571904166732007-04-03T22:51:00.000-07:002007-04-03T22:51:00.000-07:00Tax breaks for housing: They don't fall into the s...Tax breaks for housing: They don't fall into the same category as corporate welfare. However, like corporate welfare, they contribute to benefits for a specific segment of the population perhaps to the determent of others.<BR/><BR/> Since poor and lower middle class Americans can't really afford to own homes, they don't get tax breaks for home ownership nor can they even consider that as an option. They have to rent. They don't get credit for rent. So their landlords gets the break, they don't. <BR/><BR/>I think some tax breaks for homeownership are acceptable. But if you want to be equitable, then renters' credit should also be considered since most people are paying more than 30% of their gross income in housing costs. In California, the tax breaks for ownership are so generous that the state basically pays the mortgage. This tends to drive up home prices and encourages people to take out larger-than-life mortgages. In addition, it encourage speculation and multiple home ownership, although the tax breaks are somewhat different for second homes.<BR/><BR/>Regressive of taxes: Since most taxes, such as payroll taxes for SS, Medicaid, and unemployment insurance, are regressive in nature, poor people pay a greater portion of their income in taxes than the more wealthy. <BR/><BR/>Social services: Unemployed people are more likely to be poorer people who are also less skilled. And, as LTG points out, they are more likely to be put out of work by the dude who walks with the golden parachute. If you really want to incentivize a CEO, then you should punish him for knocking 30K people out of work rather than just rewarding him with more stock options.<BR/> <BR/>At the same time this is going on, corporations get huge tax breaks and incentives to spend and build in local communities. They are no different than the old company towns created during the industrial revolution. Then these companies open a mailbox in the Caymans and avoid US taxes.<BR/><BR/>Broadcast licenses: All radio stations and current broadcasters had to purchase their licenses. It is less of a purchase than a lease. The airwaves are part of the commons and thus belong to the public. Why were digital channels favored? To encourage the adoption of digital TV? And compare the cost of the license to the to profits broadcasters will gain from advertisers, cable fees (also paid for my the subscribers can afford it), and other promotions.<BR/><BR/>You are right Dr. S., social services take up a large part of the budget. Social security, medicated, public education, etc. take up large portions of the budget. And some of those are also supported by businesses, usually smaller businesses. Also, some might consider those “wealthfare” because poor and nonpoor alike take advantage of them. And this is like good “wealthfare” . Everyone should get the benefit of their tax dollars. But unlike corporate “wealthfare”, or tax breaks and loopholes, social services are a line item than be accounted for .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6762928.post-78326826907017579212007-04-03T00:33:00.000-07:002007-04-03T00:33:00.000-07:00Do tax exemptions for homeownership really fall in...Do tax exemptions for homeownership really fall in the same category as corporate bailouts? I am biased here... as one who is about to join that 75% of Americans who benefit from it--as someone who wants desperately to own his own home--the federal mortgage interest and property tax deductions (to which I assume you are referring) are crucial to me.<BR/><BR/>It is also interesting that you place defense contractors' normal business with the government as a form of "wealthfare." The "dependency" aspect is certainly accurate: the military-industrial complex furiously resists any attempts to wean it from government money... as you would expect it to. I can see military spending as an issue of skewed priorities, but I am not sure it qualifies as a tax bailout.<BR/><BR/>The FCC's choice to hand out broadcast licenses for digital TV instead of auctioning them has interested me for a while. It is not entirely a giveaway, since--unless I am mistaken?--they will be taking back the old frequencies without compensation. But the FCC could have demanded money anyhow, even though the big guys would say it was unfair. But so wha? The little guy gets screwed all the time.<BR/><BR/>TANF (AFDC's successor under the 1996 change) is budgeted at $16.5 billion per year. Food Stamps are an additional $31.1 billion. The federal budget actually lists $367 billion for "unemployment and welfare" (not sure exactly what that breaks down to) and another $276 billion for Medicaid (not Medicare). So anyway, assistance programs are not tiny--although admittedly these figures do not indicate which class of society receives these benefits.Dr. Strangelovehttps://www.blogger.com/profile/14407042105777411150noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-20098977995151040312007-04-02T10:40:00.000-07:002007-04-02T10:40:00.000-07:00OTOH, the reason for corporate subsidies such as t...OTOH, the reason for corporate subsidies such as these is that when these corporations go belly-up, the only ones who suffer are the employees and pensioners. Top management still get their golden parachutes - even from pro-business bankruptcy courts (!).The Law Talking Guyhttps://www.blogger.com/profile/17886791396468512490noreply@blogger.com