Skip to main content

Tax the Rich!!

Tasty segment on Morning Joe today.



Believe me, if you think that a highly progressive tax on individuals or businesses is soaking the rich, you are mistaken. It's only soaking the upper-middle class and small business owners. (You know, 3/4 of the job creation in this country.)

Sure it's looks real good to the unaware electorate when they're told that the rich are being taxed more, but the truth is, they are not. The more complicated and progressive the tax code, the more loopholes the really rich can slide through.

Meanwhile, small business, now "rich" by the current administration's definition, gets lit up, because they're too busy creating jobs, wealth, product, and services to devise creative ways to avoid taxation, yet aren't big enough to lobby for a loophole or an earmark.

Comments

  1. Nice post Eric. I know you are friends with a couple of small business owners that are probably affected by this. I think it would be a great read if you interviewed them and posted it on your blog. I am not one to trust much of anything I see on the TV or internet that is sponsored by big media. An interview like this, will probably have more impact on people who have the same qualms about the media as I do. It will be more believable.

    ReplyDelete

Post a Comment

Popular posts from this blog

Crowdsourcing Curation: The Social Graph as Gatekeeper

I've written before about the compromise we tacitly agree to when amateurs take over the roles formerly held by professionsals. The Internet promotes this takeover by lowering the cost of production and transmission to near zero for nearly every user, for everything from words (blogs) to pictures (Flickr) to video (YouTube).

As Clay Shirky put it so well: As freedom to produce increases, average quality necessarily goes down. For example: Thanks to Flickr, we now have access to a mind-boggling array of beautiful pictures, but that's partly because we simply have access to a mind boggling array of pictures, period. Some of these, of course, are beautiful; but there are a lot more of Aunt Bettie's 43rd picture of a bundt cake than of an Annie Leibovitz Rolling Stone cover.

It is at this point that many people interject: "This is the problem with the internet! It's full of crap!" Many would argue that without professional producers, editors, publishers, and the …

What Advice Would You Give Your Younger Self?

An old friend recently reached out to me (and presumably others) and asked us what advice we'd give our younger selves, particularly at ages 20, 30 and 40.


After writing my response to him, I thought it worth posting myself as well. 

The substantive bulk of my response to him follows:

-----

The difficult thing is that I really wouldn't change a thing about who I am, so any call for advice feels a bit like a time-traveler scenario where my advice to a younger self would affect the outcome of my present life, and I'm not sure I'd risk it. My experiences shaped me, including the glaring mistakes, and I wouldn't trade places today with anyone on Earth. But, for the sake of argument, let's assume the Many-Worlds Interpretation of quantum physics here, and thus assume I won't mess my own (present) life up.


It is also important to note that the question is "What advice would you give your younger self?". The answers below are specific and personal to me and…

Intellectual Property and Deflation of the Knowledge Economy

[Update: This accidentally became a series of posts on a theme.


Does Intellectual Property Law Foster Innovation?Where I question the efficacy of patent and copyright in a socially networked world.


Intellectual Property and the Deflation of the Knowledge Economy - (this post) Where I toy with the idea that the Knowledge Economy may not turn out to be much of an economy, especially when it comes to Intellectual Property


The Economic Reset Button- Where Jeff Jarvis asks Eric Schmidt whether or not this is a fundamental shift in the economic base


Innovative Deflation- Where I ask, "Is the knowledge economy ripe for growth, or is it the means by which traditional economies are shrunk?" ]

Friday night I was discussing the future of intellectual property law with some friends. My argument, in a nutshell:

Every business model relying on intellectual property law (patent and copyright) is heading for massive deflation in our lifetimes. We've seen it with the music industry and news…