James Quillian writes the weekly column Stock Market Forecast and Comments, complements of the Quillian & Taylor Private Investment  Company. Quillian & Taylor Private Investment Company.  Contact: news@quillian.net , 325-869-5255, Published each Sunday, usually between 11:00 a.m. and 1:00 p.m. CS
 

                                                       May 25,2006

                                             Why Tax The Rich?

Tax the rich just a little and life goes on as usual. Tax the rich so much that they can’t see and government begins to shrink in size.

But don’t the rich already pay most of the taxes?

Yes, they do but they also benefit most from big government. If the wealthy are taxed at a high enough rate, it is no longer profitable for them to use the government as a means to an end.

How is that so?

If it is really true that money is power, then it stands to reason that the rich have the wherewithal to shrink government if big government is a burden to them.

So are you saying the rich actually benefit more from big government than do the poor?

Yes, here is an example:

When a restaurant worker pays taxes, he just gets only the basics from the government. When a well paid person like a medical doctor pays taxes he gets much more. The government actively promotes health care. As a matter of fact the government guarantees a market for many medical services.

Why are you picking on doctors?

Their situation is just easy to use an example.

What about rich conservative radio talk show hosts?

They get the FCC to protect their airways.

But, doctors and talk show hosts are small potatoes in terms of being rich using government. The richest of the rich that actually influence the way government spends, get the majority of the good from government.

In comparison, poor working people get almost nothing for their tax dollars.

The way to reduce the size of government is to tax heavily the super wealthy who get the most benefit from government spending.

When the cost of government is higher than the benefits they receive, the rich will use their power and influence to reduce government’s size.