The wise law-makers of the state of Texas have decided to tax my purchase of philosophy books and
movies through Amazon...
However, the state of Texas does not have a financial transactions tax.
A financial transactions tax is sometimes mis-described as a "Robin Hood Tax".
Below Richard D. Wolff explains why that description is inaccurate.
http://rdwolff.com/content/robin-hood-tax-explained
I should elaborate a bit: My attempt to improve myself through books and movies---and, no, contra Hollywood,
cinema doesn't have to be mindless entertainment, but can be art----is taxed. However,
when rich people gamble on the stock market------thereby improving no one, but possibly
enriching themselves, or damaging someone as they throw the economic system into a tail spin------ they are not taxed.
That stinks.
Recommended reading (on the regressive nature of taxation in the USA):
Eric Olin Wright and Joel Rogers, America Society; How it Really Works, (WW Norton, 2011),
Chapter Eighteen, "Taxation and the Attack on the Affirmative State"
pre-publication version available at:
http://www.ssc.wisc.edu/~wright/ContemporaryAmericanSoicety.htm
Wednesday, July 4, 2012
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