Comments on: More on the new Obama bank plan http://blogs.reuters.com/james-pethokoukis/2010/01/21/more-on-the-new-obama-bank-plan/ Politics and policy from inside Washington Sun, 07 Apr 2013 21:23:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Pat Duggan http://blogs.reuters.com/james-pethokoukis/2010/01/21/more-on-the-new-obama-bank-plan/comment-page-1/#comment-6524 Pat Duggan Thu, 21 Jan 2010 16:31:16 +0000 http://blogs.reuters.com/james-pethokoukis/?p=3234#comment-6524 Taxes should be paid by all for our shared services: police, courts, military etc. We can't have our own armies or competing courts and police departments. This is the role of government. "Fairly" raising those taxes will always be contentious. Our current byzantine system screams for reform. The "bank tax" is just the latest example of how far off course Washington has gone. Taxes are being wielded as clubs to inflict punishment on those out of favor with the current group of tyrants. Through “sin” taxes, corporate taxes, “windfall profits” etc. we demonize profits and undermine the capitalist system that has put the US on top. If we go along with this we allow the left to imply that profits are immoral. Taxes should be paid by all for our shared services: police, courts, military etc. We can’t have our own armies or competing courts and police departments. This is the role of government. “Fairly” raising those taxes will always be contentious. Our current byzantine system screams for reform. The “bank tax” is just the latest example of how far off course Washington has gone. Taxes are being wielded as clubs to inflict punishment on those out of favor with the current group of tyrants.

Through “sin” taxes, corporate taxes, “windfall profits” etc. we demonize profits and undermine the capitalist system that has put the US on top. If we go along with this we allow the left to imply that profits are immoral.

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