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Sweden has an EFFECTIVE minimum wage because wages are negotiated between very large unions and representatives of thousands of employers. Fast food workers and other low wage workers earn at least $15 minimum wage + great benefits like 6 weeks paid vacation, paid sick leave, parental leave of 1 year, much better overtime protection etc.
And notice what you said: UNIONS. Is a union a government? No. A union is a non-governmental organization. And Sweden can afford all that because of PRO-MARKET policies. Again, a six minute video no Bernie supporter will ever admit exist:
The GOP is vehemently opposed to much stronger unions which makes a minimum wage unnecessary like in Sweden.
The GOP has not opposed unions, but just pushed Right-to-work. And no, Right to work does NOT hurt unions unless they are so corrupt people have to be forced into paying dues:
And notice what you said: UNIONS. Is a union a government? No. A union is a non-governmental organization. And Sweden can afford all that because of PRO-MARKET policies. Again, a six minute video no Bernie supporter will ever admit exist:
The GOP has not opposed unions, but just pushed Right-to-work. And no, Right to work does NOT hurt unions unless they are so corrupt people have to be forced into paying dues:
OK, so the argument is that it is so small. But Germany is almost 10 times bigger with more than 80 million people and functions in a very similar way.
OK, so the argument is that it is so small. But Germany is almost 10 times bigger with more than 80 million people and functions in a very similar way.
And we could do that in the U.S., too, just as soon as we scrap our progressive tax system and implement a highly regressive tax system like Scandinavian and European countries have. And like those countries... allow the rich to hide investment income and capital gains in foreign accounts so they're not taxed, and repeal FATCA. Deal?
And we could do that in the U.S., too, just as soon as we scrap our progressive tax system and implement a highly regressive tax system like Scandinavian and European countries have. And like those countries... allow the rich to hide investment income and capital gains in foreign accounts so they're not taxed, and repeal FATCA. Deal?
Yes, lets repeal FATCA which generates a tiny amount of money, and replace it with the Swedish 30% capital gains tax, scrap the cap on income subject to payroll tax and far higher income taxes on the well-off (perhaps 59% like in Sweden?). The rich would be screaming their heads off, if that ever happened.
Look at this tiny amount of money that the FATCA generates compared to the size of tax evasion in tax havens!
Quote:
With implementation, FATCA was estimated by the United States Congress Joint Committee on Taxation to produce approximately $8.7 billion in additional tax revenue over 11 years (average $792 million a year).[46] A later analysis from Texas A&M includes an estimate that revenues would be less than 250 million USD per year (2.5 bllion USD total).[25] (Gravelle stated this to be small relative to his own estimate of $40 billion per year cost of international tax evasion.)[47]:36 "The actual annual tax revenue generated since 2009 from offshore voluntary disclosure initiatives and from prosecutions of individual’s tax evasion is running significantly lower than the JCT’s estimated annual average, at less than $400 million, and will probably result in less than that over the decade 2010 to 2020."[25] Recently, a calculation showed that $771 million of tax revenue loss from U.S. banks could nearly nullify the reported revenue gain reported by the Joint Committee.[48]
Yes, lets repeal FATCA which generates a tiny amount of money, and replace it with the Swedish 30% capital gains tax, scrap the cap on income subject to payroll tax and far higher income taxes on the well-off (perhaps 59% like in Sweden?). The rich would be screaming their heads off, if that ever happened.
Nope. They'd be hiding their investment income and capital gains in foreign accounts so it would be tax-free, just like the rich are allowed to do in Scandinavian and European countries.
Nope. They'd be hiding their investment income and capital gains in foreign accounts so it would be tax-free, just like the rich are allowed to do in Scandinavian and European countries.
They already do that, FATCA or not. Your obsession with FATCA is ridiculous. It hardly generates any money from the rich!
No, they don't. They can't. The penalty for failure to comply with FATCA for financial institutions is so onerous that many foreign institutions won't let Americans have accounts with them any more. If a foreign financial institution fails to report even a single US citizen as a customer to the IRS, the US Treasury department withholds 30% of the institution's US income as penalty.
But if you think FATCA is no big deal, repeal it. Let the U.S. wealthy hide investment income and capital gains in foreign accounts like rich Scandinavians and Europeans do to avoid taxes.
Last edited by InformedConsent; 10-10-2015 at 10:50 AM..
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