09 Mar 09
Originally posted by KazetNagorraYes, they teach about welfare gains from income distribution and the Law of Diminishing Returns. That's first year stuff, which was a long time ago. They also to teach about incentives and there's lots of models that show that a higher marginal tax reduces incentives to work more. Strangely I haven't seen anything to suggest otherwise. They teach about almost anything if you have the time and will to learn. There's models about sex and love fx. There's even a model that shows that education is a waste of time - we called it the gay porn model (no bashing intended).
Don't they teach economics students about the welfare gains from income redistribution, you know, diminishing returns on nominal income gains and all that? Or do they suggest the disadvantages outweigh the benefits?
09 Mar 09
Originally posted by LundosIf higher marginal tax rates reduce incentive to work, then how do you explain the high employment rates in (some) countries with high taxes? A higher amount of government jobs can't explain it, since one can stay at home on welfare regardless of whether there is a private or public sector job available.
Yes, they teach about welfare gains from income distribution and the Law of Diminishing Returns. That's first year stuff, which was a long time ago. They also to teach about incentives and there's lots of models that show that a higher marginal tax reduces incentives to work more. Strangely I haven't seen anything to suggest otherwise. They teach about almost ...[text shortened]... that education is a waste of time - we called it the gay porn model (no bashing intended).
09 Mar 09
Originally posted by Sam The ShamYou have this fairly continuous downward trend from 1929, until just about the mid-1970s. Since then, things have really turned around, and the level of wealth inequality today is almost double what it was in the mid-1970s.
That's a load.
http://www.multinationalmonitor.org/mm2003/03may/may03interviewswolff.html
09 Mar 09
Originally posted by smw6869Rec'd
"this country is so crappy.
how can the rich just go on like that?"
I may be out of my mind, BUT maybe you should stop playing with sharp knives and cutting yourself and become self employed so you can work 18 hrs a day, become as rich as possible. It's your obligation to become richer in order to help your starving fellow man, or are you content in br ...[text shortened]... Are you doing this? IF not, F- off until your willing to contribute to the cause.
GRANNY.
09 Mar 09
1 edit
Originally posted by CombatKarambitThis is why I am for Flat Taxes. We can then tax the illegal aliens, all of the welfare mooches, and the rich and middle class at the same time.
the 35 million hungry american's go without a stable source of food, year after year
what we need to do is tax the rich.
I don't make even near $250,000 A YEAR. But I am against the redistribution of wealth.
I'm talking 65-80%
people making $1 million or more a year (less than 1% of americans)
to pay for the poor.
this country is so ...[text shortened]... on like that?
knowing their $400,000 bently could feed a whole town for a year?
greed.
Not only will you receive more from the rich, you will receive more from the tax dodgers in Congress as well. And all the others that find loopholes in the tax laws. Also instead of under achievers paying in $600 dollars a year and get $5000 back because they keep popping out babies, they get bubkus.
10 Mar 09
Originally posted by torch71Did you know there are actually less people on welfare here than there are in the US, even though they get much, much, MUCH more money?
This is why I am for Flat Taxes. We can then tax the illegal aliens, all of the welfare mooches, and the rich and middle class at the same time.
Not only will you receive more from the rich, you will receive more from the tax dodgers in Congress as well. And all the others that find loopholes in the tax laws. Also instead of under achievers paying in $600 dollars a year and get $5000 back because they keep popping out babies, they get bubkus.
11 Mar 09
Originally posted by CombatKarambitIf you start taxing the rich "excessively", then two things may happened
the 35 million hungry american's go without a stable source of food, year after year
what we need to do is tax the rich.
I'm talking 65-80%
people making $1 million or more a year (less than 1% of americans)
to pay for the poor.
this country is so crappy.
how can the rich just go on like that?
knowing their $400,000 bently could feed a whole town for a year?
greed.
(1) The rich will move to another country with less of a tex rate, and thus this will cause a drop in tax reverunes
(2) They will find other methods to pay less tax
A better solution maybe to encourge more social projects in the "hardship"areas and give tax breck to start up companies so that this encourges people to develop
11 Mar 09
Originally posted by RSMA1234(1) When is this exodus of Swedes, Danes etc. going to happen exactly? Note that it's much easier for a Dane to move to a different EU country (open borders etc.) than it is for a US citizen to move abroad. EU research showed that the prime reason for its citizens to move within the EU is love (finding a partner abroad), even though tax rates differ greatly.
If you start taxing the rich "excessively", then two things may happened
(1) The rich will move to another country with less of a tex rate, and thus this will cause a drop in tax reverunes
(2) They will find other methods to pay less tax
A better solution maybe to encourge more social projects in the "hardship"areas and give tax breck to start up companies so that this encourges people to develop
(2) Happens regardless of tax rates and depends mostly on the efficiency of tax agencies and white collar crime fighting.
12 Mar 09
Originally posted by KazetNagorra(1)If you are super rich, you move where it suits your wealth, not for love, so I disagree with your comment
(1) When is this exodus of Swedes, Danes etc. going to happen exactly? Note that it's much easier for a Dane to move to a different EU country (open borders etc.) than it is for a US citizen to move abroad. EU research showed that the prime reason for its citizens to move within the EU is love (finding a partner abroad), even though tax rates differ gre ...[text shortened]... tax rates and depends mostly on the efficiency of tax agencies and white collar crime fighting.
In London, superrich are giver very good tax break, hence the reason why London has so many here
Fair enough that a US person may find it hard to move aboard, but then again would they not move to a state that has lower / nil taxes instead like say Colorado?
(2) Ifthe tex rates is too high, then the amount of people using evision tactics increases, so whats the point of high taxes ? what needs to be found is a balance
Simply saying you earn more money, so your should pay more taxes is not fair or would this encourage people to better themselves
12 Mar 09
Originally posted by RSMA1234Maybe. But the "super rich" (not sure how you define that) don't make up a large portion of the total taxation. Most taxes come from the upper middle class.
(1)If you are super rich, you move where it suits your wealth, not for love, so I disagree with your comment
In London, superrich are giver very good tax break, hence the reason why London has so many here
Fair enough that a US person may find it hard to move aboard, but then again would they not move to a state that has lower / nil taxes instead like ...[text shortened]... y, so your should pay more taxes is not fair or would this encourage people to better themselves
Fair enough that a US person may find it hard to move aboard, but then again would they not move to a state that has lower / nil taxes instead like say Colorado?
What's the point of having (significantly) different taxes per state anyway?
Ifthe tex rates is too high, then the amount of people using evision tactics increases, so whats the point of high taxes ? what needs to be found is a balance
True, where this balance lies is not easily determined though. In any case, the US is far from reaching this balance.
Simply saying you earn more money, so your should pay more taxes is not fair or would this encourage people to better themselves
People always want to make more money.
12 Mar 09
Originally posted by torch71except he doesn't define who are those that work and who are those that do not work. and why.
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."
From One of America's Finest -Thomas Jefferson
12 Mar 09
Originally posted by ZahlanziAlso, people who are not willing to work while perfectly able are primarily lazy housewives married to rich men. So Jeffersons comment can be interpreted as to tax the wealthy so that the women are motivated to work as well.
except he doesn't define who are those that work and who are those that do not work. and why.
12 Mar 09
Originally posted by KazetNagorra[Superrich is £ 1 billion plus, NY has the highest amount followed by London, so that many billionaire in one place must be their for a reason and I'm pretty sure they would leave the country if they where being taxed excessively
Maybe. But the "super rich" (not sure how you define that) don't make up a large portion of the total taxation. Most taxes come from the upper middle class.
[b]Fair enough that a US person may find it hard to move aboard, but then again would they not move to a state that has lower / nil taxes instead like say Colorado?
What's the point of hav ...[text shortened]... uld this encourage people to better themselves[/b]
People always want to make more money.[/b]
Ok, lets take your example of upper middle class, say I earn £ 100k + a year, if your saying that say after £ 50k +, everything I earn should be taxed at say 65 % due to tax bands, then I would be a idiot to live in such a country and pay taxes
What I would then do is set-up a business in an off shore island, channel all my income through the company and thus my tax burden within the country I live in would fall, I would pay less tax.
So, the premise of taxing the rich more to pay to the poor would be pointless as the amount of tax overall would fall
In the US, their are state taxes and fed taxes, some states have zero tax to encourage people to live in them
I agree that the US is not doing this, but it is a free market economy driver society (or at least was until the credit crunch ; )
People always want to make more money as long as they get the majority of it, everyone knows that you have to pay tax, but if you are paying 65 %, the chances are for the extra effort your going to find a way to reduce your tax bill somehow, that could be legal or illegal
12 Mar 09
Originally posted by RSMA1234Then why do you think all these "idiots" in high tax countries are not moving? Granted, some do move to evade taxes, but most don't. Maybe they don't mind paying tax all that much and like the benefits they receive in return?
[Superrich is £ 1 billion plus, NY has the highest amount followed by London, so that many billionaire in one place must be their for a reason and I'm pretty sure they would leave the country if they where being taxed excessively
Ok, lets take your example of upper middle class, say I earn £ 100k + a year, if your saying that say after £ 50k +, everythin ...[text shortened]... effort your going to find a way to reduce your tax bill somehow, that could be legal or illegal