Should Governments Focus on Reducing Taxes? – Essay – Camille Gonzales
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Should Governments Focus on Reducing Taxes?
Should governments focus on reducing taxes?
Government reducing taxes would be placed in the further right of the ideological spectrum, for it is influenced by the Classical Liberalism/Laissez Faire Capitalism Economy values and beliefs. Reducing taxes would result in less government involvement in the economy or in businesses. This allows the ideas of Adam Smith, the Father of Capitalism to be practiced, which is the Invisible Hand, for business would compete with one another in creating better products. The companies would be driven by competition and self – interest, leading them into creating more jobs which governments would view as a sign to step aside in the economy. Reducing taxes would allow citizens to save their money efficiently and are able to spend their hard work money on materials that they well – deserved, rather than most of their income going towards provincial and federal taxes. This allows citizens to prosper and be content with their life and the political system. Poverty is inevitable and many citizens struggle to pay taxes, due to their income going to paying their taxes. By reducing taxes, it would allow less unfortunate citizens to build their savings account and be able to provide enough for their families. By reducing taxes governments would focus on spending their money towards national security and public safety.
Reducing taxes allows the society to be individualistic and self – reliant. One of the consequences of reduced taxes is government having no control in the economy which results in less spending in government for the common good. In result, the government would spend little time creating social programs such as health care, employment insurance, CPP and so forth, building hospitals and schools, and infrastructure. Businesses in a country with little taxes are all privately owned, leaving the citizens dealing everything on their own. Citizens in a country with little taxes would possibly have a difficult time responding to immediate health care for the government does not fund the insurances companies. Robert Owen and Tommy Douglas (inventor of Universal Health in Canada) would stand against this proposal, for it restrains citizens from living a healthy and prosper life since citizens would have to depend on themselves for most of the things they require. However, some individuals do not have a way to achieve their needs due to their low income. Having a low income in a country with low taxes limits the programs that are available, which results in citizens having no choice in prospering. On the other hand, countries with higher taxes, allows you to have access to all social programs is mostly funded by the government.
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By: Camille Gonzales
Submitted: May 8, 2018
Essay Length: 762 Words / 4 Pages
Paper type: Essay
Views: 229
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