Verily I Say Unto Thee... archive
Category : Taxes

Wealth And Income Inequality: What Are We Really Talking About?

Wealth inequality in Europe and the U.S., 1810-2010 (Source — .pdf, 1.2MB) The more I learn about wealth and income inequality, the more I realize I didn’t know — and still don’t know — and the more it’s obvious that many other people don’t know. Rampant confusion reigns. In my observation, most laypersons don’t understand[…]

Considering ‘Guaranteed Basic Income’

Have you heard of “Basic Income”? It’s not a terribly new idea, but has crept back into the news lately, mostly due to fears that VERY SOON automation will render millions of jobs obsolete. The idea of a guaranteed basic income is simple enough: with money raised from vastly increased taxes, the government will cut[…]

Rethinking ‘Redistribution Of Wealth’

Money (Copyright © 2006 by Wil C. Fry.) We see the phrase “redistribution of wealth” tossed into the political discourse. We’re supposed to assume it’s a bad thing. A few years ago, I began to wonder why. Here, I attempt to define it. All links to definitions are from the Oxford English Dictionary (U.S. version).

Why I’m Against Flat Tax Proposals (Which I Once Supported)

Categories: Economy, Taxes
Comments: No Comments
Published on: 2016.01.02

I once favored switching the U.S. to some type of flat tax plan. In 2005, I praised Steve Forbes’ tax proposal, though it wasn’t completely flat (the rich would pay more than the poor, under his slightly progressive rate suggestions). As late as 2013, I wrote: “We need to replace the decrepit Income Tax system[…]

What About A National Sales Tax?

Categories: Economy, Taxes
Comments: 2 Comments
Published on: 2016.01.02

Since I no longer like the idea of a Flat Tax, what about a national sales tax? (Or, as some have called it, the “Fair Tax”.) Sometimes, a national sales tax looks attractive. It would incentivize savings, for example, because you won’t pay taxes unless you spend money. It also sounds fair — the rich[…]

Proposed Improvements To The U.S. Income Tax

Categories: Economy, Taxes
Comments: No Comments
Published on: 2016.01.02

So, since I don’t like the flat tax or the national sales tax — or what we have now — then what would I do (assuming I had carte blanche) with the tax laws? Glad you asked.

No, I Don’t Think We Should Tax Churches

There is a small (but growing) movement afoot in the U.S. that calls for taxing churches and religious organizations. Earlier this year, Time Magazine ran an op-ed titled “Now’s The Time To End Tax Exemptions For Religious Institutions”, something Slate argued at least two years ago. In the Washington Post, a 2013 story claims church[…]

Strawman: A Logical Fallacy Explained

Seen this meme posted by your conservative friends? It’s a classic strawman fallacy. Click here to see it larger. Ah the strawman, my least favorite logical fallacy. As luck would have it, I was considering a blog entry — or series of them — about the various logical fallacies used in political and religious debates,[…]

Solving Moral / Ethical Dilemmas

A house in rural Oklahoma (Copyright © 2007 by Wil C. Fry.) Many people are uncomfortable with hypothetical ethical dilemmas (some examples). I’ve run into a few people who haven’t heard the term, and others who were first made aware of the idea in high school. I first heard of them in fifth grade, when[…]

Where The Money Goes

I saw this on Facebook yesterday:   “Hate” is a pretty strong word. As with most hate, the problem here is lack of knowledge/familiarity. The writer assumed the reason income taxes are so high is because so many people are drawing government assistance — welfare, food stamps, unemployment, etc., when they could be working. So[…]

My Take On ‘Income Inequality’

Comments: 6 Comments
Published on: 2014.11.19

The phrase “income inequality” has risen to prominence in the past few years, including President Barack Obama labeling it “the defining challenge of our time” and Pope Francis questioning: “How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock[…]

‘We Need This! Let’s Spend Money!’

Despite recently posted results of online political quizzes that paint me as falling farther left, there are many areas in which I can’t consider myself left (Democrat) or right (Republican). One of those areas is How To Decide How Much Money Is Spent.

Tax The Rich To Help The Poor = Socialism? No.

Categories: Politics, Taxes
Comments: No Comments
Published on: 2014.03.22

Whenever anyone suggests that a higher tax on the wealthy might fund programs for those in poverty, I see “socialism” thrown about as an accusation, not only by politicians or columnists, but by regular people. Ignoring for a moment the arguments about whether actual socialism is good or bad and whether we should tax the[…]

The Sad Things About David Camp’s Tax Plan

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Published on: 2014.03.02

In The News: GOP Tax Plan Lowers Rates, Repeals Popular Breaks (AP, Feb. 26, 2014) Rep. David Camp Releases Tax Overhaul Plan (NPR, Feb. 26, 2014) How to Fix Dave Camp’s Tax Plan (Forbes, Feb. 27, 2014) Dave Camp’s lonely pursuit of tax reform (Washington Post, Feb. 28, 2014) First revealed as a “House Republican[…]

Catch-All: Foxghazi, Obammigration, Snowdensation, Etc. (UPDATED)

Just because I don’t blog about something doesn’t mean I don’t have an opinion about it. I’ve missed a lot of topics over the past few months that I really wanted to mention here. I wanted to fact-check some fairly idiotic stuff said by the people who run our country. I wanted to document more[…]

Common Sense About The Socialist Professor

Comments: 4 Comments
Published on: 2014.01.20

Someone I love and respect sent me this link and asked me what I thought of it. So here’s my analysis. Short description: It’s a story (the author indicates that it’s not even true) of a professor who decided to “socialize” the grades in his class, after students “insisted that Obama’s socialism worked and that[…]

Oh, The Taxes

Categories: Government, Taxes
Comments: No Comments
Published on: 2014.01.11

We just got my wife’s W-2 for 2013 today, the first in a short list of stuff we need before we can file for an Income Tax Refund. Main thing I learned: 25.35% of our income is gone before we even earn it. Basically, my wife works 80 hours every two weeks. Twenty of those[…]

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