2006-11-01 14:28:50 · 8 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
Taxes; that which the government takes. When it is not a government doing it, it is called stealing. It is the involuntary separation of a person and their assets.
Most people acquire assets through work, that is, selling their time. When you have to surrender that, you are surrendering your time. Your time is your life.
So higher taxes means the government is consuming more of your life. That means they are hastening your death. They are killing you. I think that is a negative effect.
2006-11-01 14:43:14 · answer #1 · answered by szydkids 5 · 2⤊ 0⤋
Given that taxes are an added cost to anything, the rise of taxes would only be able to substain itself if the payroll of the general public was increased. The chances of taxes reaching a 'high' sporadically are slim because the amount would not be able to be met by the paying public. But given the situation that there were extremely high taxes, there would be a massive incline in the population of the lower class.
2006-11-01 14:37:06 · answer #2 · answered by Joshua H 2 · 0⤊ 0⤋
Depends on who you tax and what you tax. If you raise taxes on people who are wealthy, their spending is not all that effected. Everyone realizes that those who are effected are the ones who prop up our economy, the middle class. Even adjusted for the fact that they are the majority of tax payers they are still disproportunately taxed. Our income is taxed, then with what is left of that income, we must pay real estate tax and then with what is left of that we must pay gas tax, and when we drive to the post office to mail in our taxes we do so in a car that we had to pay tax on. It goes on and on. In the meantime the gap between the classes grows. The wealthy and poor classes are growing and the middle class is shrinking. If the wealthy had to pay a flat tax on a per centage of their income, we would have money to burn on health care, education, phony wars etc. Would it drive business away ? Well it has already driven industry away and we have survived that.
2006-11-01 14:48:06 · answer #3 · answered by zekemc 2 · 0⤊ 0⤋
seems to me that higher taxes means the government controls the money and invests in things individuals on their own might not think of investing in; on the other hand lower taxes means people get more of a say in what they want to invest in. I see pros and cons to each. And I think over time it's good to vascillate so that each gets their say for a while so that everything the USA needs gets done.
2006-11-01 14:39:57 · answer #4 · answered by sophieb 7 · 0⤊ 0⤋
Higher taxes = less consumer income = less spending = less output needed = more unemployment....it's all about the economy.
2006-11-01 14:33:21 · answer #5 · answered by kathi 2 · 0⤊ 0⤋
Obama era has lower taxes than the Reagan era
2016-05-23 10:32:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It puts a chokehold on spending that cripples the economy.
2006-11-01 14:31:22 · answer #7 · answered by sdh0407 5 · 0⤊ 0⤋
more people outbreaks...more people killing each other...more thefts and stealings
2006-11-01 14:32:23 · answer #8 · answered by cutenwild1769 5 · 0⤊ 0⤋