If that's all we do in response to AOC and Sanders promising Americans that a socialist regime will produce a world where everyone works less, earns more, gets free healthcare and schooling, and receives generous subsidies from the government even when one decides not to work, no one tempted by socialism will listen.
That's because there is one aspect in particular that the AOCs and Sanderses of the world fail to mention to their followers when they talk about their socialist dream: all of the goodies that they believe the American people are entitled to receive in fact come at a great cost -and so the only way to pay for these goodies is with oppressive and regressive taxes.
France was once a role model for what big government can do for its people.
Despite the stereotype of heavy European income taxes on the rich, Paris relies disproportionately on social-insurance, payroll and property taxes.
Social taxes account for 37% of French revenue; the OECD average is 26%. Payroll and property taxes contribute 3% and 9%, compared to the OECD averages of 1% and 6%. As a reminder, the payroll tax is very regressive; it consumes a larger share of low and middle class earners than rich people.
In France, VAT and other consumption taxes make up 24% of revenue, and that's on the low side compared to an OECD average of 33%. Consumption taxes often fall hardest on the poor and middle class, who devote a greater proportion of their income to consumption.
Add one more increase to an already high gas tax in France to the existing 214 taxes and duties and the people went nuts.
https://www.zerohedge.com/news/2019-03-23/france-socialist-future-we-should-dread
That's because there is one aspect in particular that the AOCs and Sanderses of the world fail to mention to their followers when they talk about their socialist dream: all of the goodies that they believe the American people are entitled to receive in fact come at a great cost -and so the only way to pay for these goodies is with oppressive and regressive taxes.
France was once a role model for what big government can do for its people.
Despite the stereotype of heavy European income taxes on the rich, Paris relies disproportionately on social-insurance, payroll and property taxes.
Social taxes account for 37% of French revenue; the OECD average is 26%. Payroll and property taxes contribute 3% and 9%, compared to the OECD averages of 1% and 6%. As a reminder, the payroll tax is very regressive; it consumes a larger share of low and middle class earners than rich people.
In France, VAT and other consumption taxes make up 24% of revenue, and that's on the low side compared to an OECD average of 33%. Consumption taxes often fall hardest on the poor and middle class, who devote a greater proportion of their income to consumption.
Add one more increase to an already high gas tax in France to the existing 214 taxes and duties and the people went nuts.
https://www.zerohedge.com/news/2019-03-23/france-socialist-future-we-should-dread
No comments:
Post a Comment