Section Four

Law: Regulation, Rules And Taxes

A Historical Perspective

During the 18th century only England practiced free trade, the rest of Europe and the USA kept up their tariffs. In fact customs and duties on foreign goods provided ninety to 100 percent of America’s total federal revenue up to the time of the Civil War. After that customs provided 50 percent or more until the end of the century. Quotas were non-existent and there was ample movement of both people and capital.

Prior to 1820, government at all levels was modest; limited not only by ideology but also by the extremely low tax revenue. Of the approximately three percent of GNP spent by the federal government, half was for the military. One method of measuring government’s role in the economy is the ratio of government spending to national income. In the early 19th century this was just under 10 percent in both England and the United States. Two-thirds of that government spending was by the states and local governments and only one-third of the revenue was spent by the federal government. Fifty percent of all government spending was for local education.

(D-1) In the early days of our country, what was the greatestest source of government revenue?

The following is from The Deficit: 12 Steps to Ease the Crisis by H. P. Rogers:

(D-2) Define anarchy. Why do you suppose the Europeans thought our form of government was anarchistic?

(D-3) What is meant by a graduated income tax? What is mean by a progressive tax? A regressive tax?

Modern Taxes

Today government mandates and taxes consume a tremendous amount of the nation's resources, while government functions add only about five to 10 percent to our living standard.

(D-4) Name two government mandates and two government functions.

With less than half the resources, private enterprise is responsible for 90 to 95 percent of the nation's standard of living. Every year the federal government ends up with more revenue and a larger deficit. Osborne and Gaebler shed some light on the probable cause in the following excerpt from Reinventing Government:

(D-5) How were services provided before government took over? Explain the motivation for putting "everything in public hands".

In 1993 July 17th was declared Tax Freedom Day by taxpayer groups around the country. They claimed that from January 1st through July 16th taxpayers worked for government. From July 17th through December 31st they would finally be working for themselves. Taxpayer groups often point out that the United States government today demands more than the nobles demanded of the serfs during the middle ages.

(D-6) State in your own words, what Tax Freedom Day signifies. Devise a "tax freedom day formula" showing the amount an American citizen was taxed in 1993. Let T = tax and I = income.(Round the governments' share to six and a half months .)

(D-7) If your income was $20,000/year, how much according to the freedom day formula would you get to keep for your own personal use? How much would go to pay all types of taxes?

The following quotation is from an article by Alan Ehrenhalt which appeared in the March 1993 issue of Governing magazine.

(D-8) Explain "marginal tax rate" and give an example.

(D-9) Give 3 reasons why people might not want to raise rates on the wealthiest taxpayers.

For a long time the Swedes were content to pay one of the world's highest tax rates in return for health, education and extensive social services. But in 1990 the bill became unbearable and the 60 year social experiment began to fall apart. Unemployment benefits were reduced as well as payments to workers who were injured on the job. Eligibility for pensions were tightened and deferred and subsidies for housing and education were curtailed. Sweden even considered shifting some health and unemployment costs to employers. It is no longer possible for Swedes to receive more money by staying home sick than by going to work.

The following is from Rogers' Taking A Stand On Taxes:

(D-10) According to Rogers, the rich paid more or less of the national tax burden in 1985 than in 1981?
The rich paid more or less than the poor in 1981?
The rich paid more or less than the poor in 1985?
What percent of income-earners paid 18.05% of the national tax burden in 1981?
The top one percent of income-earners paid what percent of taxes in 1985?
What was the percentage rise for this group between 1981 and 1985?
The bottom 50 percent of taxpayers paid more or less of the entire national tax burden in 1985 than they did in 1981?
The bottom 50 percent of taxpayers paid more or less in actual dollars to the tax collector in 1985 than they paid in 1981?

(D-11) Are you surprised by these figures? How might you check them out?

(D-12) Does the preceding paragraph mean people were paying fewer taxes in 1988 than in 1977? Explain.

(D-13)Define "inflation" and "bracket-creep". If inflation is 10 percent in one year, what would be the inflated worth at the end of the year of a vase purchased for $200 at the beginning of the year? Give your own example of "bracket-creep".

Some men put up bail money for a friend who was eventually convicted of a crime. The Internal Revenue Service (IRS----tax collector) confiscated the bail money. The judge was required to honor the IRS levy without questioning its validity. The friends were out $100,000!

(D-14)Does the IRS have to prove its case before it collects money?
What happens when a tax payer is sure he doesn't owe the money the IRS claims is delinquent?
Do you think the IRS may have too much power?

Capital Gains

The term "Capital gains" refers to a provision in the income tax laws that profits from the sale of capital assets are taxed at separate (generally lower) rates than the rate applicable to ordinary income. The intent is to preserve capital, promote its growth and encourage investment. Favorable tax treatment is an incentive to the holder of capital to back new ventures. All legislators understand the importance of expanding our economy and most legislators are aware that expansive economies require capital. Capital is needed to pay researchers and workers. Legislators constantly change rates based on the kind of assets and how long the asset is held before a profit or loss is realized. Today only the USA and Australia treat capital gains as ordinary income and at least Australia indexes the purchase price. To index is to adjust for inflation. On the other end, the USA is the only nation to try and limit the deductibility of capital losses.

Example showing how indexing works in principle

Capital gains tax without indexing:
X purchases a painting for $10,000
Inflation rate is 10% making the painting worth $11,000 in adjusted dollars. X sells the painting for $15,000.
Profit looks like $5,000.
Tax rate 20% = $5,000 x .2 = tax due of $1,000

Same situation only indexed:
X purchases a painting for $10,000
Inflation rate is 10% adding an artificial value of $1,000
Painting sells for $15,000
Profit looks like $5,000 but we deduct the artificial value due to inflation
Tax rate 20% = $4,000 x .2 = tax due of $800

(D-15) How much was saved by indexing in the above example? The lower the inflation rate the less important indexing. What tax is owed in the following situation, first without indexing and then with:

According to Professor Robert Barro of Harvard, "The right policy would be to lower permanently the rate of taxation of capital income. This would be good for the recession, good for long-term growth and good for the stock market."

In a speech in 1963, President Kennedy advocated dropping the 25 percent capital gains rate to 19.5 percent:

Opponents of capital gains base their opposition on three objections; cost, effectiveness and equity or fairness. They believe the wealthy get a disproportionate share of the savings. There are numerous and conflicting statistics. The ones most often cited by opponents claim the wealthiest two percent of the population receive more than 25 percent of their income in the form of capital gains, and that nearly 75 percent of all capital gains are realized by taxpayers with incomes over $100,000. Forty-five percent of these gains go to those with incomes in excess of $500,000. According to the Joint Taxation Committee, 67 percent of the direct benefits from a capital-gains tax cut would go to people making more than $200,000 a year.

(D-16) Ask your parents or another relative how they feel about lowering the tax rate on capital gains. Give a synopsis here of what they told you.

It may be worthwhile to deviate from our prime subject for a minute because people are going to try and persuade you with statistics all your life. Statistics are tricky because it is not always clear what is and is not included. On pages 24-28 of Taking A Stand On U.S. Competitiveness, Rogers says:

User Fees

The user fee is another popular method of taxation. User fees are said to be regressive because they fall most heavily on lower income people. As the name implies, the tax is paid when a thing is used or consumed –– paid by the user. The average local government derives more than 25 percent of its revenues from user fees. Sunnyvale, California, generates 37 percent of its operating budget from fees, another three percent from franchises and concessions.

The gasoline tax is a user fee. The Department of Energy claims that a new 50 cent per gallon tax on gasoline could (a) reduce gasoline consumption by 10 to 15 percent over a period of time (b) reduce oil imports by 500,000 gallons per day and (c) generate $40 billion in new revenue.

(D-17)Give three examples of user fees, other than the tax on gasoline.

Osborne and Gaebler claim

The public was told that if gasoline taxes were increased to a high enough level Americans would be forced out of their cars and into cleaner and more energy efficient mass transit which would result in improved air quality. Not so, according to Charles Lave, an economics professor at the University of California at Irvine. He studied data from Western Europe where such policies have been in effect for 30 years and where passenger car usage is steadily increasing. Further, says Dr. Lave, "on an actual per-passenger basis, U.S. cars are about as energy efficient as buses and subways."

(D-18) Reconcile what Charles Lave has to say with the assertion made by Osborne and Gaebler on p. 204 of Reinventing Government. (See above.) If you can't reconcile the two views, who, in your opinion, has the best argument?

(D-19) Could one conclude that anything that "limits traffic congestion and pollution" is a collective good? Name three other collective goods.

Kent Jeffreys, director of environmental studies at the Competitive Enterprise Institute has another observation concerning gasoline taxes:

Private Pensions

Government wants to encourage people to provide for their retirement. Legislators realize that Social Security cannot --and was never meant to-- provide all the resources for a comfortable retirement. Personal savings and private pensions were always meant to be the other two legs on the three-legged Social Security stool.

We have witnessed a 40 year explosion in private pensions in this country. These private retirement funds grew from $17 billion in 1950 to $3 trillion in 1991. Unfortunately, many businesses now find the law too complex and the regulations too expensive to maintain a private pension fund for their employees.

IDAs (individual development accounts--sometimes advertised as "invest in your dream") have been proposed. They are like IRAs except they would be available to all Americans, not just wage earners. They would allow people to invest money over time for specific purposes, such as post-secondary or graduate education, health insurance and home ownership. Government, private corporations and charities could be encouraged to match the funds of low and moderate income earners. "IDAs would help the poor accumulate assets, rather than focus solely on income and consumption."

When Lynn Martin was Secretary of Labor during the Bush administration, she advocated POWER (Pension Opportunities for Workers' Expanded Retirement) to help workers without pensions. The plan was intended to encourage companies with less than 100 employees to set up pension plans by eliminating a lot of paperwork. Under the plan, employers would contribute two percent of an employee's pay. The employee would be allowed to contribute up to approximately $4,200 on a pretax basis, as much as 50 percent of which could be matched by the employer. If a worker changed jobs he or she could transfer pension benefits by telling a new employer to roll the money into an IRA.

(D-20)Find out what happens now to the contributions a worker makes toward a private pension plan when he changes jobs. Ask a relative or neighbor, or call the personnel office of any good size company.

Spending Cuts?

The following is offered to counter the myth that Reagan made deep cuts in social spending:
1980 non-defense spending was $456,925,000
1989 non-defense spending was $838,775,000
This is often described by the media as a "deep cut."

The following is from a Wall Street Journal editorial "Quit Feeding the Flab" August 26, 1992:

Osborne and Gaebler provide some history regarding public housing:

Regarding mass transit, Rogers offers this:

The tax base in cities is shrinking, while the demand for unemployment compensation, welfare, Medicaid, AIDS, homelessness and the fight against teen-age gangs are all accelerating.

Those that see a need-driven government rather than a fixed-resources government would probably have no problem with the following quote from Reinventing Government page 342: "... governments constantly shape the private marketplace to meet citizens' needs."

(D-21) Define need-driven government and fixed-resources government. How do you imagine they would differ? Which would you personally favor and why?

Poverty

Even though California has only 12 percent of the nation's population, it accounts for more than a quarter of the nation's welfare spending. There is a gap between what current law says the state must spend on entitlements and what the tax system can produce. Raising taxes would put the burden on those who are not likely to receive the services directly (older, white, middle to upper income taxpayers). Some experts believe that higher taxes will drive the "payers" out of state.

Federal subsidies reach low-income people in the form of food stamps and vouchers for rent and child-care. But a lot of both private and public dollars earmarked for the poor never reach their destination. Osborne and Gaebler claim that in New York City in 1983, only 37 percent of the $7,000 set aside for each low-income person ever reached its destination.

We find the following on page 69 of Reinventing Government:

Elsewhere, Osborne and Gaebler contend,

(D-22)List five incentives to remain in poverty.

"If you want to multiply wealth, multiply the number of minds at work in creating it." Ownership invites people to blend themselves with their work. Any new war on poverty might be directed at helping people gain assets, not maintain income. They need a chance to own their homes and become accountable for their own decisions.

More and more people are beginning to sense that self-help is one way to attack poverty in an age when there are too few dollars and helping hands. According to census data, Asian-Americans, Pacific Islanders and Native Americans owned 376,711 U.S. businesses in 1987, up 87 percent from 1982. Hispanic owned businesses were up 81 percent, black-owned business were up 38 percent and overall business ownership increased 14 percent between 1982 and 1987.

As we've determined, statistics can be skewed to substantiate anything. For example, zero was the median income of individual Americans not long ago (half above and half below) simply because housewives and children didn’t show any income at all. In the 1970s the GNP rose, but so did inflation. If one looks closely at any rapidly increasing income one may see that its cause is nothing to celebrate. What is hidden beneath the healthy looking GNP is the disruption of American families. More housing, more fast food sales, more use of day-care centers and domestic help, psychiatric and social services of every kind and more job holders are a product of divorce and staying single longer. The example of the man who marries his housekeeper is often used to show how GNP can be diminished. In marriage, the money that was previously paid to the housekeeper is now voluntarily shared but is not reportable income and does not show up in GNP statistics as before. Examples like these should put us on guard and make us aware of the illusions that surround us

(D-23)Who are the poor? Is this a stagnant group? Do you personally know anyone who was poor (less well off financially) once and is now rich (more well off financially)? Do you personally know anyone who was rich once and is now poor?

According to the most recent Census the number of Americans below the poverty line amounted to 13.5 percent of the U. S. population. The poverty figures released in September, 1991 showed the poverty rate for children under the age of six stood at 23.6 percent. The official poverty line, which varies according to such factors as family size and age, averaged $6,652 for an individual and $13,359 for a family of four.

And now we're back to statistics when we try and define "poor." Again we turn to Rogers:

(D-24)Ask your research librarian to help you find the threshold for poverty benefits for a family of four in 1993.

(D-25) Would that mean even if incomes of adults are similar, the per capita income is much lower in homes with children? Explain.

(D-26)Name 3 kinds of income considered to be non-labor income.

(D-27)After reading the preceding paragraph, how do you feel about the message goverment is conveying?

Patricia Ruggle, of the Urban Institute, advocates using a new method to measure poverty. She believes today's poverty level is too low because it is estimated using minimum needs. Instead of the 1989 level of $9,885 for a family of three, using her revised levels, the poverty rate would have been set at $15,000. She criticized the old level because it left no margin for clothes, taxes, transportation, work expenses and health care. If her revised poverty figures had been used, the 1988 poverty rate in this country would have encompassed 23 percent of our citizens instead of 13 percent. The rate for children would have been 31 percent. The poverty rate for those 65 years old and up would have gone from 12 percent to 29 percent. More than 50 million Americans, including 20 million children, would have been considered poor under her criteria.

(D-28)What would happen to the federal budget deficit if Ruggle's criteria for defining poverty were adopted today? Explain why and include in your explanation a definition of "entitlement" as used by government.

The Disincentive of Unreliable Contracts

A woman wanted a child but didn't want to get married. She entered into a contract with a man in which both parties agreed that if the man made it possible for the woman to have a child, the woman would release him from any responsibility for the child's support. When the child was five years old, the courts voided the contract, saying the woman did not have the legal ability to deny her child the economic support otherwise imposed by law.

(D-29)How would you feel if you were the man in the above true example? How do you personally feel about the uncertainty of contracts? How important are reliable enforcable contracts to the conduct of business? Does our U.S. Constitution make any mention of contracts? What does it say?

Even if a woman could sign away her right to sue an employer for damages, nowadays the unborn child could sue the company at a later date.

You have cases where businesses are forced to permit women to work in jobs that threaten the health of unborn babies. For complying with civil rights laws, businesses are exposed to punitive, as well as compensatory damages.

(D-30) Define "punitive damages" and "compensatory damages." Make sure you know the difference.

A 1990 case is an example: A woman working in a battery manufacturing plant was exposed to levels of lead which she claimed caused grievous birth defects to her newborn. She sued her employer. There are exceptions to civil rights laws called BFOQs----bona fide occupational qualifications. The BFOQs were a recognition that if it was impossible to prevent women from working on potentially dangerous jobs, tort liability might drive U.S. businesses overseas. Even if a business did not move, they lost market share to foreign competitors who don't face the same liabilities. No purchaser of parts wants to be at the mercy of a supplier who can be driven out of business by the courts. Plaintiffs used to have to prove bad intent in order to obtain punitive damages, but that requirement was dropped in the 1960s. In 1989, in California, one third of jury verdicts awarded punitive damages averaging $3 million.

(D-31)Ask two local businesses the cost of their annual liability insurance premiums. Choose one business from a profession such as engineering, medicine or law.

An average California business paid 50 percent more than the U.S. average to insure against employee injury in the work place, according to Workers' Compensation Monitor. Average workers' comp costs may have doubled between 1985 and 1991. No one really knows the total obligation incurred because sometimes claims are filed long after a worker has been terminated. California is one of the few states that allow claims for stress disability and the claim is made most frequently against government agencies. The average cost per litigation has been $7,000 per case in California which meant in the state suffering from a $14 billion budget problem, allowing stress disability cost $1 and half billion dollars in 1990.

(D-32)Find out the average premium a businessman in your state pays to insure his employees against injury.

A lot of things government is now doing could be done by the private sector except for the disincentives.

Our Litigious Society

The threat of litigation is one of the biggest disincentives to solutions.

(D-33) Define "litigation." Define "litigious society."

What follows are not typical but are some of the more outraeous examples of litigious America.

1) A construction worker and a police officer pulled a pregnant woman in labor from an overturned car only moments before it exploded. For their good deed they were sued for negligence by another accident victim they didn't have time to help. The two "good samaritans" only had seconds to act. The police officer is certain that if the construction worker hadn't stopped and acted quickly, a lot of people would have died on the San Diego freeway in early November, 1990. The suit claimed the two "good samaritans" were negligent in not setting up flares to warn oncoming motorists and in not caring for the second person in the car. This "second person" somehow got out on her own and was injured further when another car careened into the overturned car. The person bringing suit was only 17 years old so you might assume a lawyer played a significant part in the decision to sue.

2) A convicted felon attempted to sue the owners of a bar, claiming that, but for their negligence in allowing his under-aged victim into their establishment, he would not have shot and killed him.

3) Ruth Jandrucko of Miami was awarded $40,000 in worker's compensation because her fear of black people made it impossible for her to work in a racially integrated office. She had once been robbed and beaten by a black man. Her employer paid for psychological counseling.

4) The DC Superior Court ruled that a landlord was liable for failing to stop the noise from neighbors that drove a former tenant to move. Even though the managers had sent memos and had meetings with the noisy tenants and even started eviction proceedings (successful a few weeks after the plaintiff left) they were ordered to return the plaintiff's security deposit and pay his court costs. The decision is unique because previously landlords have only been liable for things they could affect directly; like plumbing or electrical problems. The victorious attorney said, "We tapped a previously untapped opportunity."

5) No one dares operate any type of business in a litigious society without insurance coverage. A business offered a safe ride home to drinkers, charging $12.50 for trips up to 10 miles. The business had never put a claim in for insurance and was insured for $1,500,000 per vehicle. Nevertheless its premiums were continually raised until they reached $10,000 a year. After 125,000 trips the business was about to fold because of insurance costs.

6) Town officials in Amherst, Massachusetts, allocated $125,000 for the removal of bird droppings from the Town Hall attic. Residents were outraged and formed a group called Pigeon Busters (they were dressed in Ghost buster paraphernalia which included gas masks, respirators and rubber boots) and offered to clean up the mess for free. The town officials refused because the cleaners needed to have insurance to cover the town and themselves. The volunteers offered to sign waivers, but the town said it would still be liable. Bids, ranging from $50,000 to $260,000, had come in from professionals with insurance.

The problem started when a town employee thought she had contracted a disease transmitted by birds. Her supposition turned out to be false but it spurred the officials to action. The volunteers came up with a brilliant idea that apparently hadn't occurred to the elected officials---fix the broken window frame that had let the pigeons enter the attic!!!

7) A dyslexic student sued a school for having multiple choice questions. The pleading stated that the school was negligent in not providing alternate testing to accommodate his handicap.

8) A Florida man sued over a haircut he claimed was so bad that he needed psychiatric help to overcome an ensuing panic-anxiety disorder that deprived him of his right to enjoy life.

9) An oil rigger sued the state of Texas for waiting six years before arresting him. The suit charged the state with lack of due diligence in trying to find him after his appeal from a conviction for armed robbery was denied.

10) A fortune teller supposedly lost her psychic powers following a CAT scan. She was able to persuade a Philadelphia jury to award her $1 million, even though the judge threw out the verdict.

11) In 1986 hundreds of claims were filed blaming automobile accidents on an unidentified design defect in the Audi 5000. By 1989 Audi was facing demands totaling $5 billion. After comprehensive studies by the National Highway Traffic Safety Administration, and its counterparts in Canada and Japan, the cause of the sudden acceleration in the Audi was determined. The extensive studies showed that the cause was the same as in any other car---a foot placed accidentally on the wrong pedal. Despite this total vindication, a California court brought in a $3.7 million verdict because Audi should have made its car idiot-proof!

(D-34) List by number the 11 examples given above starting with the one you find the most outrageous and ending with the one you consider the most reasonable.

Torts and Crimes

You need to know what people are talking about when they discuss tort reform.

It is a crime to intentionally inflict physical injury on another person. Sometimes gross negligence is also criminal. Action in a criminal court is initiated by the state (police power) and not the injured individual. In order for the state to have an actionable case, the injured person must press charges. The wrong however, is considered to be against society and the injured party cannot sue for damages. The objective in a criminal court is punishment and/or rehabilitation of the criminal.

An individual can seek damages on different grounds in a civil court. A civil injury is called a tort. Torts are not crimes against society. Torts are often caused through negligence. Tort law used to require a monetary loss in order for an injured party to have a legitimate "cause of action"----in order to bring suit. Doctor bills, loss of pay from missed workdays and repair bills are all evidence of monetary damage. Tort law has evolved so that today apprehension, fear or anxiety that an injury might occur is all that is required to seek a civil judgment. There is evidence that courts are used excessively to settle even minor conflicts today. Since most claims are paid by third-party insurers, insurance coverage is required in almost every conceivable situation. Demand and constant claims cause premiums to rise. This in turn causes the cost of almost every activity and product to rise. Perhaps worst of all, constant court actions breed antagonism and contempt.

(D-35) Read these examples and give four examples of your own: two torts and two crimes.
Tort: Mary fell through a rotten landing when visiting in an office building.
Tort: Jim made a contract with Bill and then refused to go through with the deal.
Crime: Jack hit Dick on the head with a baseball bat.
Crime: Ann passed a forged check in a department store.