triticale - the wheat / rye guy

Who Would Benefit?

In the comments to a post by Owen, Scott is spouting the usual drivel about tax cuts which benefit "those who need them the least". I don't know if Scott understands simple arithmetic, but if you apply a tax cut evenly across the board, those who pay the largest amount in taxes will retain the largest amount in savings.

The sort of redistributionist tax policy Scott would like to see scares me as much as the possibility that the new Democratic majority will push thru more victim disarmament legislation. For the past six years I have made my living doing contract work on development projects financed by capital investment. A tax policy which makes it less profitable to invest in such projects means less work or lower wages for me. There is no reduction in my own taxes which would be better for me than properly implemented tax cuts for "the rich".