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Posted by jj on April 19, 2004 at 08:49:27:

In relation to your earlier comments about level of taxes and contribution of the "rich" to soceity I have a couple of comments

1. While some of the "rich" don't have to work for their wealth (beacuse of inheritance) the majority work extremely hard to create and consolidate their wealth. Assuming a fair soceity is where everybody receives the same where is the incentive for people to work harder and/or take risks. Society has to incentivise risk-takers (some who lose everything) to create prosperity. Remember "a rising tide raises all boats", albeit some will rise further.

2. Level of taxes = level of services offered by the state. Making businesses pay higher taxes will result in one of four outcomes - The equity holders take a lower return (including mgt), the workers receive lower pay, to keep existing margins for wquity holders, to business moves to an area (perhaps abroad) to keep existing margins, or a balance of all three. Now you answer who has the strongest bargaining position

Now I am all for better services, but beleive that people are better judges of good performance. I beleive the state should provide only essential services - Hosiptals, education and obviously security/policing. Outside that people should pay for it or least contribute to it. This will lead to more efficient use of my money.

Just a thought -

On the election - people vote for Fianna Fail for various reasons, some historic but I can give you my reason - I like to elect people who are risk takers, who are willing to take chances and who run their lives as close to the line (sometimes crosses the line). I have always viewed Fine Gael as too conservative and for labour too left wing.

My thoughts!


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