It is so tiresome having to read the many letters from Rod Livdahl. You can almost count on his first paragraph denouncing something “the Republicans” have done. His bias is so obvious that it seems to get in the way of good logic. His latest attack is against “the GOP mantra that revenues go up when taxes go down.” There is some truth in this charge, but the tax loopholes which make for lower taxes on “the rich” were just as often created by Democrats as by Republicans. Neither party has a monopoly on crony capitalism!
However, he goes further to prove his point by carrying the idea to the extreme — “wouldn’t cutting taxes to zero absolutely flood our government with so much revenue...?” To illustrate the obvious error in his extreme example one only need to reverse it, i.e., if increasing taxes would solve our problems, why not raise them to 100 percent? As you can see, that would be a stupid example as well. I’m sure neither of us believe that zero or 100% rates are an appropriate solution. There should be a balance between rates which incentivize job-makers and those which kill the entrepreneurial spirit. So what IS an appropriate rate? I think rates above 35 percent bring fewer and fewer tax revenues, but I’m not an economist (as my $35,000 per year retirement would indicate.)
Finally, why should we begrudge the “rich 2 percent” their wealth? And while the 2 percent already pay more than 50 percent of all taxes at least 40 percent of Americans pay no (income) taxes — so, what is their “fair share”!?
Dustan “Dusty” Everman