Tax Policy Structures the Incentives, Gaming the System “On Demand”

https://actionnetwork.org/petitions/sign-the-petition-demand-wall-street-pay-its-fair-share-of-taxes?source=TaxWallSt201704_ATF&link_id=0&can_id=3508e2e330be3c8f27df750816a774d4&email_referrer=trump-dressing-up-a-wall-street-tax-giveaway&email_subject=trump-dressing-up-a-wall-street-tax-giveaway

Tax policy is configured for the “job creators.” The incentive to invest in jobs for “us” exists if the tax rate is low for “them.” So, the system supports a classification of objective reality in the form of “us and them.”

A key feature of tax-policy formation, and the descriptive property of fairness, is the on-demand attribute. Something that exists on demand has a natural legitimacy. If we demand government services, we are taxed to pay for it, but that can diverge with who legitimately pays for it.

Since taxing the rich means that their wealth will not be used as capital for investment, and the decision to risk the capital is what “actually” demands jobs (not you needing a job), a regressive tax burden is categorically imperative, or objective reality, as Objectivists describe it. If their demands are not met, then “they” will simply hold the currency (“working capital”) in reserve, and We The People must suffer “on demand?”

With the risk of loss fully assumed in priority, more and more, over time, there is a growing sense of what objective reality actually is with the natural legitimacy (the utility — the currency) of an on-demand existence.

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About griffithlighton

musician-composer, artist, writer, philosopher and political economist (M.A.)
This entry was posted in Political-Economy and Philosophy and tagged , , , , , . Bookmark the permalink.

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