Skip to main content

Trump's Corporate Tax Cuts


In a recent podcast Dana Loesch radio opened with the question "what is a Conservative?" The question was responded to by people, largely struggling to article the essential core of Conservatism.

A Conservative, as I see it, is someone who believes in each individuals inalienable right to life, liberty and the pursuit of happiness. In terms of policy that translates to upholding variety and freedom of choice, the provision of fair incentive and reward for skill and hard work, the maintenance of effective barriers against excessive powers of the state and a belief in the wide spread distribution of individual private property.

Think about that "excessive powers of the state". Soon to circulate in congress is a budget plan to reduce the higher end bracket of corporate taxes from 35 per cent to 20 per cent. That won't just boost the American economy, its productivity, investment and growth but raise commerce and trade to the benefit of every American citizen.

When the state claims more than a third of what a business earns its inevitable that cost will be passed onto employees, suppliers and most of all, customers. When shareholders don't see enough of a return on their stock, they invest elsewhere. That's the essential problem most democrats and socialists miss; there's no such thing as a "tax businesses pay", businesses no more pay a levy, than cars pay a tax disc or TV sets pay for their licence. These prices fall on people, not corporations and its either through exorbitant pricing, dampened wages or staff being laid off to maintain the same after-tax income.

Moreover, when tax rates are relaxed investment increases and, small and medium sized businesses have more of an opportunity to start up. Both of these in effect raise employment and productivity, which makes tariffs on Chinese steal (which is always a bad idea) rather unnecessary. What's even more remarkable is that tax revenues themselves, the amount collected through tax increases. As data from HMRC (UK) has shown.
There's no sense in raising a tax if the affect is to lose money. As the center of almost a quarter of the world's economic activity, what's good for America is good for the rest of the world. This is within all of our interest, because strong, prosperous neighbors make good customers. 

Comments

  1. To clarify; I'm not supporting the budget, just the tax cuts.

    ReplyDelete

Post a Comment

Popular posts from this blog

William Lane Craig and the Hartle-Hawking No Boundary Proposal

Classical standard hot Big Bang cosmology represents the universe as beginning from a singular dense point, with no prior description or explanation of classical spacetime. Quantum cosmology is different in that it replaces the initial singularity with a description in accord with some law the "quantum mechanical wave function of the universe", different approaches to quantum cosmology differ in their appeal either to describe the origin of the material content of the universe e.g., Tyron 1973, Linde 1983a, Krauss 2012 or the origin of spacetime itself e.g., Vilenkin 1982, Linde 1983b, Hartle-Hawking 1983, Vilenkin 1984.

These last few proposals by Vilenkin, Hartle-Hawking and others are solutions to the Wheeler-DeWitt equation and exist in a category of proposals called "quantum gravity cosmologies" which make cosmic applications of an approach to quantum gravity called "closed dynamic triangulation" or CDT (also known as Euclidean quantum gravity). I&#…

How Should Thatcherites Remember the '80s?

Every now and again, when I talk to people about the '80s I'm told that it was a time of unhinged selfishness, that somehow or other we learned the price of everything but the value of nothing. I can just remember that infamous line from Billy Elliot; 'Merry Christmas Maggie Thatcher. We all celebrate today because its one day closer to your death'. If it reflected the general mood of the time, one might wonder how it is she won, not one but three elections.

In an era when a woman couldn't be Prime Minister and a working-class radical would never lead the Conservative party, Thatcher was both and her launch into power was almost accidental owing in part to Manchester liberals and the Winter of Discontent. Yet I'm convinced her election victory in '79 was the only one that ever truly mattered. Simply consider the calamity of what preceded it, the 1970s was a decade of double-digit inflation, power cuts, mass strikes, price and income controls, and the three…

Creation Of Universes from Nothing

The above paper "Creation of Universes from Nothing" was published in 1982, which was subsequently followed up in 1984 by a paper titled "Quantum Creation of Universes". I decided it would be a good idea to talk about these proposals, since last time I talked about the Hartle-Hawking model which was, as it turns out, inspired by the above work. 
Alexander Vilenkin also explains in a non-technical way the essential idea in his book; Many World's in One – one of the best books I've ever read – it mostly covers cosmic inflationary theory but the 17th chapter covers how inflation may have begun. In fact Vilenkin is one of the main preponderant who helped develop inflation along with Steinhardt, Guth, Hawking, Starobinsky, Linde and others. 
Although I won't talk about it here, Vilenkin also discovered a way of doing cosmology by using something called "topological defects" and he has been known for work he's done on cosmic strings, too.
In ex…