Diving Into The Rich Pool; Taxing the Wealthy  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8752 (Sep. 2011), page 83-85.
Topik: Budget Deficits; Fiscal Policy; Taxation; Affluence; International; Statistical Data

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

This week Barack Obama proposed paying for new stimulus measures and deficit cuts by reforming the tax system to ensure that millionaires do not pay a lower tax rate than middle-class families. Obama's reform is based on the "Buffett rule", so named after Warren Buffett, a folksy billionaire who publicly scorns a system that allows him to enjoy an effective tax rate that is less than his secretary's. A growing number of the rich appear to agree. Wealthy Germans and French have signed petitions in favour of higher taxes. But there is an alternative view: that a soak-the-rich strategy is misguided. History suggests that low taxes on the rich encourage investment and growth. With many economies weak, now is not the time to saddle capitalists with greater taxes, particularly since the rich are among society's most mobile: the footloose wealthy will simply move, taking their taxes with them. Higher rates on the rich are not, then, a free lunch. At low levels rate increases will lift revenue, but not without a cost in efficiency and short-term growth. If the budget is a government's primary concern, then the evidence is that reforms which close loopholes and broaden the tax base are a more efficient way to bring in more money than higher taxes for the rich.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali