Saturday, March 27, 2010
Obama Tax-Hike Plan
Obama's budget proposal calls for $989 billion in new taxes over the next 10 years, most of which will be earned from increased taxes on individuals who make more than $200,000 and from families who make more than $250,000.
"Those who are going to be taxed more are obviously going to complain but I think they may miss the point," said Lisa Rotenstein, the chair of the Harvard Healthcare Policy Group at the Institute of Politics. "This could have broader implications for the American economy as a whole improved health care means a healthier workforce that is more productive," said Rotenstein.
IMO: In the UK, it is a pity Gordon Brown cannot seem to want to tax high earners like most MPs and bankers. Ariely and others have shown that by and large, high pay can reduce rather than increase productivity and the USA now seems to accept this. Why must a supposedly 'left wing' UK party in power be less egalitarian than the (actually well to the right) US Democrats ? This UK situation could be improved if people were given better voting rights, and Labor could get more votes. The average UK person wants money in his pocket, not in the pockets of the wealthy. And as for the wealthy all going to Switzerland, the Swiss do not want these non Swiss idlers and Swizerland nearly went bankrupt through their actions and those of UBS - just like Iceland.
"Those who are going to be taxed more are obviously going to complain but I think they may miss the point," said Lisa Rotenstein, the chair of the Harvard Healthcare Policy Group at the Institute of Politics. "This could have broader implications for the American economy as a whole improved health care means a healthier workforce that is more productive," said Rotenstein.
IMO: In the UK, it is a pity Gordon Brown cannot seem to want to tax high earners like most MPs and bankers. Ariely and others have shown that by and large, high pay can reduce rather than increase productivity and the USA now seems to accept this. Why must a supposedly 'left wing' UK party in power be less egalitarian than the (actually well to the right) US Democrats ? This UK situation could be improved if people were given better voting rights, and Labor could get more votes. The average UK person wants money in his pocket, not in the pockets of the wealthy. And as for the wealthy all going to Switzerland, the Swiss do not want these non Swiss idlers and Swizerland nearly went bankrupt through their actions and those of UBS - just like Iceland.
# posted by uv : 10:49 PM
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