To make sense of the complexities of an economy that is rapidly progressing to greater and greater productive capital utilization through superautomation, automated factories, and computerized operations, a certain amount of education is required in order to grasp the vision for broadening private individual ownership in these productive means. Lowering tax rates or even eliminating tax rates, while spurring temporary growth of the economy, will further the economy’s problems because if the “system” is not reformed, the rich will keep on getting richer by accumulating more and more productive capital ownership, the earnings of which they will not spend on consumption, and instead reinvest to acquire even more concentrated ownership. All this will continue to systematically occur at the loss of the 99 percent capitalless who are dependent on fewer and fewer jobs and must rely on government redistribution in the form of make-work, boondoggle military build-up and maintenance, and welfare. This is all coming about because we have severely mismatched the power to produce with the possession of unsatisfied needs and wants. Those capital workers who have unsatisfied needs and wants have ready access through conventional finance to get as much or more capital as they want. Our tax laws are designed to further benefit the 1 percent by providing enormous write offs and credits to producers (corporations) who are owned by the few, who already produce more than they can consume. Those who have only their labor power and its precarious value held up by coercive rigging and who desperately need capital ownership to enable them to be capital workers as well as labor workers to have a way to earn more income, cannot satisfy their unsatisfied needs and wants. With only access to labor wages, the 99 percenters will continue, in desperation, to demand more and more pay for the same or less work, as their input is exponentially replaced by productive capital.
http://blog.american.com/2012/03/do-tax-rates-matter-absolutely/comment-page-1/#comment-105881
