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OECD Says Tax Increases Hurt Jobs And Growth

From a gobsmacked Reuters:

Tax burden on wages in rich countries rose again in 2013 – OECD

April 11, 2014

LONDON (Reuters) – Taxes on wages rose across industrialised countries last year, as governments sought to reduce budget deficits blown out by efforts to tackle years of economic weakness following the financial crash.

Because trying to tax your way out of a recession always works.

The Organisation for Economic Co-operation and Development (OECD), whose members include the world’s richest nations, said the total burden of taxes on labour rose to 35.9 percent in 2013 from 35.7 percent in 2012.

For the record, the OECD was started as the Organisation for European Economic Co-operation (OEEC) in 1948 to administer the Marshall Plan for the reconstruction of Europe after World War II.

After the Marshall Plan ended, the OEEC focused on economic issues. It is currently made up of 34 nations. Its headquarters are at the Château de la Muette in Paris, France.

The OECD said the growing "tax wedge", which includes income taxes and the taxes employers pay on wages, was a disincentive to employment creation.

Are they crazy? Where did they ever get such a notion? Talk radio?

The Paris-based body believes lifting taxes on property and reducing tax breaks on pension saving for the better off, would be less damaging for employment and growth…

Lowering taxes would help employment and growth? They must be on drugs.

However, the tax burden has fallen on one group – since 2007 low paid workers with children have seen their burden drop relative to average and higher earners, the OECD said in its annual "Taxing Wages" survey.

Just like in our country, where 47% don’t pay any income tax. And yet we are constantly lectured on the importance of ‘having skin in the game.’

This article was posted by Steve Gilbert on Friday, April 11th, 2014. Comments are currently closed.

2 Responses to “OECD Says Tax Increases Hurt Jobs And Growth”

  1. Rusty Shackleford

    Steve asked, “Are they crazy? Where did they ever get such a notion? Talk radio?”

    Clearly they are racist, bigoted homophobes who only hate and want everyone to starve and only allow “the rich” to have anything.

    Honestly, that “argument” has been played so long it has a groove in it deeper than the Grand Canyon. Why it gets so much traction is because on first blush, it seems like a reasonable postulate. But we here at S&L and other websites know what a crock it is. And, at its very foundation is a childish stipulation that “it’s not fair” (wah).

    I was listening to Mark Levin the other night and he was on one of his very salient diatribes about life being not fair. It’s never been fair, never gonna be fair. I was born into a family that was middle class, where my father worked and had a very good job, but it cost him time with his family, and eventually his marriage to my mom for many other reasons as well, but a big player was he had to work all the time.

    If you’re not born into money, you have to have a reasonable work-ethic. The desire to work to improve your lot in life and the lot of your progeny. Otherwise, you end up sitting on the porch or drinking or snorting your life away with a crappy attitude against those who have things and nice houses and can go on vacation to nice places.

    That used to be the middle class construct before the education system told us we have to feel guilty about doing it. Well, I don’t. If some a-hole comes up to my nice car and spits on my windshield because I won’t let him clean it, then he’s gonna also get soaked when I run the (four, count ‘em, 4) high-pressure washers to get his DNA off my property.

    There will always be jealous people, angry people, selfish people….the trick is, do you want to live your own life focused on what other people are doing or, do you want to do for yourself and make a good wage and come out ahead in the long run?

    Instant gratification in this nation is also one of our problems. However, I learned, even at a young age when I was active-duty enlisted, I could satisfy my desires for gratification on the small scale, with working on my car, building models, playing sports, etc. and the yacht and house would come after I finished college and moved along in a career that was rewarding.

    BUT I DID THE WORK to get myself there.

    And college wasn’t necessarily the mitigating factor like the leftwing snobs think it is.

    If you work hard in any job, display some level of (wait for it) intelligence and don’t cause problems, you might get promoted. Might. Moving along in a career may involve specialized education….get that specialized education.

    I think quite simply that the reason we have 47% of a population that simply drains the economy is because the politicians have made it that way; Effectively gerrymandering the system to keep voting democrat. It is the path to socialism and serfdom while masquerading as “fairness”.

    It can’t be fair. It can never be fair because people are different, the world over and from person-to-person. What I like isn’t what other people like and what I can do, others cannot and vice-versa.

    In the pure socialist vision, if everything was “equal”, I’d be playing quarterback for the New England Patriots and they’d never go to the SuperBowl again and lose every game. But because it needs to be “fair”, tax dollars would have to be spent just to keep the franchise operating and we’d have wide receivers in wheelchairs, deaf players who would write the signals for the audibles and blind referees….

    See where I’m going with this? But the most important, driving factor is that it be FAIR.

    Well, not only is life not fair…..fairness sucks. It diminishes anyone and everyone who has a particular talent and who can exploit it. If life was fair, our movies would all look like high-school plays, with cardboard acting and scenery.

    So let’s cut the fairness BS. Let people do what they’re good at, unless it’s stealing or hurting others.

  2. dasher

    Well said Rusty! I, on the other hand grew up learning the phrases “Life’s a bi!ch” and “you can wish in one hand and spit in the other and see which one gets full the fastest” over and over, ’till I understood as well. Lost lessons now and days, in my opinion.

    Have a great weekend!

    Dan
    Atlanta, GA




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