tag:blogger.com,1999:blog-5090403.post2187721836004426997..comments2023-09-07T04:24:11.648-06:00Comments on y-intercept blog: Direct Taxationy-intercepthttp://www.blogger.com/profile/03389285761013186443noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5090403.post-73465866841534582122013-07-15T19:08:02.518-06:002013-07-15T19:08:02.518-06:00"Job creation" is the wrong target.
Th..."Job creation" is the wrong target. <br /><br />The actual target needs to be wealth creation. <br /><br />Better yet the target of tax reform should be increased ownership, reduced personal debt and more financial independence. <br /><br />Our preoccupation with "jobs" is one of our undoings. Policy passed with the express purpose of creating jobs often results in undermining individual ownership.<br /><br />The economic ideals of the US founders was more in tune with ownership than jobs.<br /><br />I think Adam Smith got it right. His book was about the Wealth of the Nation and not the Jobs of the Nation. Actions that increase the well being of the individual people in a nation improves the overall wealth of the nation.<br /><br />Wealth is not simply about jobs. Wealth is about ownership.<br /><br />A society with widespread ownership will have near full employment as those who've done well will employ those still climbing the ladder.<br /><br />When the government attempts to increase employment by taxes on ownership, the policies end up undermining the wealth creation engine that created the jobs.y-intercepthttps://www.blogger.com/profile/03389285761013186443noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-8903112915481870712013-07-15T13:10:24.008-06:002013-07-15T13:10:24.008-06:00Income tax policy needs to focus on U.S. job creat...Income tax policy needs to focus on U.S. job creation.<br /><br />Chris <br /><br />Owner Cel Financial Services <br />IRS Registered Tax Return Preparer<br />Registered bonded California CTEC Tax Preparer <br />Please visit my website for all your Fillmore Income Tax needs. <br />http://www.taxprepfillmore.com/Chrishttp://www.taxprepfillmore.com/noreply@blogger.com