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  • Conservative - Decrease the Low/Middle class, Increase "Rich"

    1 7.69%
  • Conservative - Leave all the same

    5 38.46%
  • Liberal - Decrease all across the board

    2 15.38%
  • Liberal - Leave all the same

    5 38.46%
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Thread: How much do you care about taxing income

  1. #41
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    RightinNYC's Avatar
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    Re: How much do you care about taxing income

    Quote Originally Posted by Kandahar View Post
    I'm somewhat alarmed by the number of people in this thread bashing the Earned Income Tax Credit, which has strong bipartisan support in Congress and strong support from economists of all ideologies. The EITC is one of the most effective ways to alleviate poverty while simultaneously encouraging the poor to be productive citizens. I'm especially appalled by so many conservatives voicing opposition to negative (or zero) taxation for the poorest classes of society. Surely you believe that tax cuts are more effective than government programs for encouraging success and reducing dependence on the government, no?
    I was reading about the EITC on wiki and saw this: "Today, the EITC is one of the largest anti-poverty tools in the United States (despite the fact that most income measures, including the poverty rate, do not account for the credit)."

    Can that really be true? WTF is wrong with the people who calculate the poverty rate?
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  2. #42
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    Re: How much do you care about taxing income

    Quote Originally Posted by RightinNYC View Post
    I was reading about the EITC on wiki and saw this: "Today, the EITC is one of the largest anti-poverty tools in the United States (despite the fact that most income measures, including the poverty rate, do not account for the credit)."

    Can that really be true? WTF is wrong with the people who calculate the poverty rate?
    I think it's pretty rare in general for government assistance (aside from direct payments such as social security checks) to be included in measures of income. I'm pretty sure things like food stamps, subsidized housing, or student loans aren't included either. I agree, it presents a very distorted picture of the actual poverty situation in this country.

    I think that the EITC is one of the most effective anti-poverty programs out there. A lot of conservatives love it because it rewards the poor for doing well instead of encouraging dependence, and a lot of liberals love it because it alleviates poverty. At the very least, it's much more efficient than traditional social programs because it doesn't require a lot of government overhead to administer it.
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  3. #43
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    Re: How much do you care about taxing income

    Quote Originally Posted by Kandahar View Post
    I think it's pretty rare in general for government assistance (aside from direct payments such as social security checks) to be included in measures of income. I'm pretty sure things like food stamps, subsidized housing, or student loans aren't included either. I agree, it presents a very distorted picture of the actual poverty situation in this country.
    I guess I can understand why they wouldn't include things like subsidized housing or student loans, but I'd think it would be pretty easy to adjust for the EITC or even food stamps.

    I think that the EITC is one of the most effective anti-poverty programs out there. A lot of conservatives love it because it rewards the poor for doing well instead of encouraging dependence, and a lot of liberals love it because it alleviates poverty. At the very least, it's much more efficient than traditional social programs because it doesn't require a lot of government overhead to administer it.
    I don't really have much of a problem with it, though I can understand some of the opposition. It just seems a little off that such a large portion of the country isn't paying income tax. Not sure that the alternative would be any better, but there you have it.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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