Sunday, October 10, 2010

I Can Afford Higher Taxes. But They'll Make Me Work Less.

This article discusses whether to raise taxes on those earning more than $250,000 a year. Democrats say these taxpayers can afford it while Republicans say that raising taxes on those that already pay the highest tax rate will hurt the economy. This relates to the two public philosophies we discussed in class of Classical Liberalism and Civic Republicanism. They differ in that liberalism puts a lot of emphasis on rights, whereas with communitarianism you have rights, but you also have responsibilities. Those in favor of the classical liberalism approach would argue that they deserve to reap the benefits of their labors, and that the government doesn’t have a right to take their money. However those in favor of civic republicanism would argue the responsibility of philanthropy, and that we should be sharing our money more widely.

http://www.nytimes.com/2010/10/10/business/economy/10view.html?ref=us

-Kelly Neary

1 comment:

  1. There should be a way to find a compromise between the two sides. Maybe they could negotiate a number that would satisfy both sides. It is obvious that there are two very different views present but an effort should be made to try and find a way to settle. If this is done it would result in multiple outcomes that will be beneficial to all, and smooth sailing in the future.

    -Jordan Goodman

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