01-10-2017, 12:34 PM
I'm kind of conflicted on it, really.
![[Image: 3-4-16tax-policybasics-f2.png]](http://www.cbpp.org/sites/default/files/atoms/files/3-4-16tax-policybasics-f2.png)
The decreased reliance on the top category, which includes tariffs as they are a type of excise tax, and corporate tax has caused the increased reliance on the payroll taxes (OASDI, HI, FUTA) which are paid part by corporate and part by individual. This is a result of globalization, and whether it is something that should be reversed somewhat and how much is a matter of great debate among economists. So that is what I tend to look at, is the revenue generation.
Would it help our economy? Who would pay the price for it? If other countries aren't taking similar measures, will we just be shooting ourselves in the foot? Are we going to cut in other places and ignore the massive debt?
Anyway, I don't really have an answer because the truth is that the answer is truly unknowable at this point. That's the realm of public policy like this. We have facts and figures that show where things are, and we have theories as to what certain actions will do to those facts and figures if implemented. But the only real way to know if to implement them and hope things don't go awry too fast for us to fix them.
The decreased reliance on the top category, which includes tariffs as they are a type of excise tax, and corporate tax has caused the increased reliance on the payroll taxes (OASDI, HI, FUTA) which are paid part by corporate and part by individual. This is a result of globalization, and whether it is something that should be reversed somewhat and how much is a matter of great debate among economists. So that is what I tend to look at, is the revenue generation.
Would it help our economy? Who would pay the price for it? If other countries aren't taking similar measures, will we just be shooting ourselves in the foot? Are we going to cut in other places and ignore the massive debt?
Anyway, I don't really have an answer because the truth is that the answer is truly unknowable at this point. That's the realm of public policy like this. We have facts and figures that show where things are, and we have theories as to what certain actions will do to those facts and figures if implemented. But the only real way to know if to implement them and hope things don't go awry too fast for us to fix them.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
