Would lowered governmental taxes lead to an increased standard of living in the long term?
I will be voting in favor of government taxes being lowered, in turn standard of living will be increased in the long term.
Please note that the long term is to be defined as: A time period greater than ten years.
The first round will be for acceptance & posting of common definitions used.
This will be for the initial arguments from each side.
Round three is for rebuttals to the second rounds arguments.
The final round will be for closing rebuttals/arguments.
Government taxes to include: Federal Income Tax, State and/or Local Income Tax, Payroll Tax, Unemployment Tax, Foreign Tax, and Value-Added Tax.
These are defined as below:
Federal Income Tax: A tax levied by a national government on annual income.
State and/or Local Income Tax: A tax levied by a state or local government on annual income. Not all states have implemented state level income taxes.
Payroll Tax: A tax an employer withholds and/or pays on behalf of their employees based on the wage or salary of the employee. In most countries, including the United States, both state and federal authorities collect some form of payroll tax. In the United States, Medicare and Social Security, also called FICA, make up the payroll tax.
Unemployment Tax: A federal tax that is allocated to state unemployment agencies to fund unemployment assistance for laid-off workers.
Foreign Tax: Income taxes paid to a foreign government on income earned in that country.
Value-Added Tax: A national sales tax collected at each stage of production or consumption of a good. Depending on the political climate, the taxing authority often exempts certain necessary living items, such as food and medicine from the tax.
Standard of living: A standard of living is the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area.
The taxes are to be lowered on a 10% of there current rate basis, and increase with inflation and float rates. State taxes will be used as a mass average of 7.212% for all states, and the decrease in the tax rate would lower it to 6.4908%.
Please change definitions of the taxes added if you are unsatisfied with the definitions above.
I look forward to debating a person with 'advanced education.'
While I can see the merit to ceratin points in the Cons argument, I can simply not accept the fallacy that “…business thrives on employment because people were expendable.” The fact that you believe a business in the industrial era could function, nay thrive, on employment brings into question a general understanding of business procedures via a manufacturing platform. A company in the industrial era needed workers to run their business otherwise there would be no production, as the industry has a very low barrier to entry (few skills being required) there will indeed be a very large supply of workers which can indeed replace a worker if there is an opening. While I do not agree with the treatment of workers in this era, I would argue that a job on a plant floor increased their standard of living through giving the family more disposable income to spend on demand elastic items that would improve the overall standard of living.
I would also like to reference that the monopolies I believe you reference (Standard Oil & US Steel) were in a zero corporate tax period, not “less taxes”, which is indeed the argument we are having. [1.]
“Outsourcing is a more modern way in which businesses have started…”
The outsourcing of labor does hurt the blue collar workers whom of which do not progress with the job demand of the overall economy. Of course there will be low skill labor lost, what replaces it is a far nicer thing that requires a higher barrier to entry, certain skills, that cannot be replicated on an assembly line nor by machinery. I would advise the blue collar workers to work on maintenance and repair of aforementioned machines, they will not only keep themselves employed but will likely move to a higher standard of living. The workers are unemployed through lack of action, a person who can only perform tasks on an assembly line is not someone who needs be employed. A worker must evolve with the overall industrial market to still merit themselves a job, and a higher paid, higher skilled job at that.
“The only way to make yourself less expendable is to get an education which nobody can afford right now because the prices are too high.”
This is one interesting idea, while I partially agree with your statement I strongly reject the latter half of that statement. The idea that you need formal education to be successful in the future is completely insensible. There are many jobs which require little to no education with openings right now. (See Figure 1) [2.] Several of these jobs prefer an associate’s degree from a community college which on average in the US now is currently $2,076 for a full year, bringing the total for an associate’s degree to $4152.00. [3.]
“…the only thing that can save the USA is a very large increase in taxes to keep businesses in check…”
This is something that is interesting as I would presume you may be veering slightly off topic and looking to increase the corporate tax rate, to ‘keep businesses in check.’ I don’t want to break your disillusion however the United States has a far higher corporate tax rate than near next to any other industrialized nation other than Japan. Lowering the corporate tax rate will allow the United States to be more competitive, increase the standard of living and increase overall economic development. [4.]
- "More than 75% of students required to take remedial classes never graduate"
-"A high school graduate earns 84% less than a typical graduate from a four-year college"
-"50% of college dropouts have incomes lower than $35,000"
-"Those without a college degree are twice as likely to be unemployed as those with one"
With an increasing lack of education in the United States, less than 30% of each generation will have sustainable jobs and each generation after that, think about it, 30% of 30% of 30% of the middle class will have sustainable jobs based on education rates. unemployment will get exponentially worse in the United States.
in conclusion the combination of corporations greedily hoarding their money overseas where we don't have access to it, as well as diminishing education rates, the massive loss in manufacturing jobs all add up to a country of people where the cost of living continues to go up while average income per person continues to go down. The observable fact that corporations have been legally avoiding their taxes overseas should prove to you the necessity of restricting said corporations from cheating the system. As you can see there's a huge hole in the "trickle down economics theory" and all of our money is being thrown into it never to return... the best we can do is make sure that it doesn't happen again in the future. There's no way to tax all that money now because it's within the jurisdiction of another country. Why do we restrict businesses because they cheat. You wouldn't want our soldiers to be mercenaries right? we don't allow them to set the price of their services (capitalism & no taxes) they fight because it's the right thing to do and they get paid what they get paid (socialism & taxes). Firefighters don't negotiate the price it's going to take to put out the flames (Capitalism & no taxes) they just do it because it's the right thing to do(Socialism & taxes) they get paid what they get paid. Police officers don't set the price of their services and then go on strike when terrorists gather hostages because we didn't pay them enough(Capitalism & no taxes) they just do it because it's the right thing to do (socialism & taxes). Don't you think other things should fall under this moral category? what about insurance? Currently in the form of profitable industries (Capitalism) theres no incentive to pay your claims and even if they do they always jack up your rates for it unless you're already paying a ridiculous price for their more advanced plans (not feasible :/ for the average american). All insurance companies profit on the misfortune of others (personally I consider this an unethical business practice). When bad things happen they'll look for every excuse not to pay for it. Socialism is a matter of business ethics, I have no problem with billionaires making tons of money as long as the process doesn't diminish the standard of living for our people. Let them be rich I don't care as long as it's not at the expense of the people which falls under the category of tyrants and dictators. We the people have a history of being.... unfriendly to those types of people.
Mfuss forfeited this round.
On your list of occupations some are not feasible for living in this country the least that people have to pay now days is $2000 (including bare minimum insurance) a month this however doesn't include other things like children and school. If someone gets a job as an aide or an ambulance driver their average income even with good credit would make it extremely difficult to buy a home as a single person and exceedingly more difficult to raise a child let alone pay for an education to better themselves. Even earning $30,000 - $35,000 a year is pushing your luck.
your projection of the price on education for the average cost of an associate's degree in a community college is misleading. That price is actually dependent on a number of factors such as where you live, what your income is, how far is your commute?, how much is financial aid offering, how much did you get in scholarships. I would like to add that only a small fraction of people get aid when going to school many people can't qualify and not everyone can get scholarships. this leaves the majority of people behind because those people need money that they don't have. You could get a job but oh wait there aren't any, the very jobs your suggesting these people acclimate themselves to are currently unavailable because they don't even have enough money to go to community college in order to get the job in which you're suggesting. You could get a loan but oh wait you can't because your credit is in the dumps because the lack of income has prevented payments. These people have to put food on the table, take care of their families and you make getting them acclimated appear simple as if everyone could do it. On a similar note what happens when there aren't any of those jobs left? Say everybody did exactly what you suggested, they all managed to get an education and they all qualify for a position. There aren't enough positions for everybody. This is a fact not a theory. There is not a job per person in the united states. Also on another note a great alternative would be to join the military in order to provide additional help in paying for an education, but oh wait even the military is rejecting applicants because even they can't afford it.
Needless to say America has become a place where people are expendable and we know it. The united States is a country where fortune favors the selfish and we all know it because we're forced to step on anyone who gets in the way of a better future. when you're going to community college, and you go to see your math professor, everybody is always there. In the room it's always crowded and you have to fight to receive help on your work. there are only so many hours in a day your teacher might not even get to see you that day better luck next time. At work we fight for promotions, people play the race card to get what they want, my sister wanted to become an OT and she couldn't afford school so she needed a loan. Fortunately for my family we're taught street smarts and she always breaks down into tears to make them feel guilty lol. Hey it works not joking but on a more serious note we shouldn't have to do things like that to get to where we're going. Im happy to say she's an OT now but she's going to spend the next 20 years paying off her debt, that's messed up. She shouldn't have had any debt for a job that benefits society. I can understand why people should pay for electives and archeology and history, but when it comes to health fields and science/ technology fields those should be free because those jobs are what this country is reliant on.
Mfuss forfeited this round.