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Right, because raising someones taxes a few % on what they earn over a million dollars is going to stop them from trying to succeed...
...or raising capital gains taxes a few % (again, on GAINS) is going to stop people who have money to invest from investing.
"Hey, I can make a 7% gain on my million and pay 15% on it now...if that goes to 20%, forget it, the money's going under my mattress!!"
You have to be pretty stupid to believe the kind of stuff you hear from people like Larry Kudlow.
Meanwhile you can pay everyone else less and less and they should still produce the same. Lovely system.
A few percentage points for you folks turns into 90% top tax rates extremely quick... After all, it's clear just by looking at The Sander's plan for SS and Some type of country wide all-inclusive healthcare. He plans to nearly double tax rates at the top and everyone down the line gets a bigger tax bill to boot. The problems arise when you actually start looking at "his" $14 trillion wealth distribution plan. Actually, by some estimates it could be as much as $14 trillion short as well even after all the tax rate increase for EVERYONE.
It's pretty easy to see for even the not too bright that someone else is going to have to pony up the other $14 trillion over that ten year period.
$1.4 to $2.8 trillion a year in tax increases? That's what it takes to pay for your distribution scheme... We already know where you want to go but you refuse to tell anyone how you get there without taxing the snot out of the entire US.
MTA was trying to say that wealth accumulation is not natural. It is natural. Wealth could just as easily be stated as mass/energy.
Our world would be useless without stars...
If you had even the most basic understanding of physics you would know that equilibrium has never meant all things equal. In fact, if anything is unnatural is redistribution. On a universal scale if mass was distributed equally or even remotely close to equal it would still end up concentrating because that's what naturally occurs.
You'll get your communist style economy eventually but can we at least use the talents of people that have them to see if we can move society forward enough to explore other planets? There's no proof a heavily socialized system that doesn't allow people to profit off of their talents and hard work will ever move society forward. In most cases throughout history it stagnates the society and the economy because there's no incentives for you to do anything but sit there on your ass...
It is not natural. Money was not created by the All Mighty. Money is a creature of man and the rules that govern money are man-made too -- as are the rules that allow the top group to accumulate more than others.
It used to be that one could declare bankruptcy and all debts would be absolved. But ten years ago the banks got the laws changed to exempt credit cards. Was this natural? The most dramatic example was the predatory lending and the abusive credit card practices, which took money from people on the bottom and the middle often in a very deceptive way, sometimes in a fraudulent way, and moved it to the top. Is this natural?
Was it "natural" to use their influence to have laws passed that change our bankruptcy laws to give priority to derivatives? In bankruptcy, derivatives got protected and workers and everybody else has to swallow their losses. Was this natural or was this man-made?
Now, if man can change the rules to tilt the scale towards the rich, it can certainly change the rules back to favor the little guy. It's just as natural favoring the poor as it is favoring the rich.
It is not natural. Money was not created by the All Mighty. Money is a creature of man and the rules that govern money are man-made too -- as are the rules that allow the top group to accumulate more than others.
It used to be that one could declare bankruptcy and all debts would be absolved. But ten years ago the banks got the laws changed to exempt credit cards. Was this natural? The most dramatic example was the predatory lending and the abusive credit card practices, which took money from people on the bottom and the middle often in a very deceptive way, sometimes in a fraudulent way, and moved it to the top. Is this natural?
Was it "natural" to use their influence to have laws passed that change our bankruptcy laws to give priority to derivatives? In bankruptcy, derivatives got protected and workers and everybody else has to swallow their losses. Was this natural or was this man-made?
Now, if man can change the rules to tilt the scale towards the rich, it can certainly change the rules back to favor the little guy. It's just as natural favoring the poor as it is favoring the rich.
Zipf’s Law, Power laws and the Pareto distribution...
“As the researchers explain, the reason why this correspondence between stock returns and quantum physics works is because the market uncertainty (or volatility) corresponds to properties of the quantum wave function and, in particular, the variance of the quantum state. In this framework, the collective trading activities of the investors can be thought of as pressure on the stock prices, and the amount of pressure corresponds to the energy level of an oscillating particle. A higher market uncertainty is equivalent to a higher energy level, but the volatility is limited by the financial equivalent of a high energy threshold. According to the model, the volatility eventually returns to some equilibrium level.”
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