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There should have been a spike in taxes as those areas were developed but now we have created a massive local government infrastructure. Millions of middle level bureaucrats draw billions for doing nothing.
Let me understand what you are saying, once they build a road or a school, there would be an expenditure then and never after. So roads and infrastructure never need repairing or replacing; teachers need no salaries; police only need to be paid once and not every two weeks; the water, electricity and heat only need to be paid once, etc. Ok, I got it now.
New Rule: The next rich person who publicly complains about being vilified by the Obama administration must be publicly vilified by the Obama administration. It's so hard for one person to tell another person what constitutes being "rich", or what tax rate is "too much." But I've done some math that indicates that, considering the hole this country is in, if you are earning more than a million dollars a year and are complaining about a 3.6% tax increase, then you are by definition a greedy a**hole.
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Instead, you should be down on your knees thanking God and/or Ronald Reagan that you were lucky enough to be born in a country where a useless ******* who contributes absolutely nothing to society can somehow manage to find himself in the top marginal tax bracket.
One rich man with a bunch of money or 150 million people voting their government out of existence so they can secure welfare for things that may or may not happen.
Let me understand what you are saying, once they build a road or a school, there would be an expenditure then and never after. So roads and infrastructure never need repairing or replacing; teachers need no salaries; police only need to be paid once and not every two weeks; the water, electricity and heat only need to be paid once, etc. Ok, I got it now.
Nice dodge, good job ignoring the abuses and waste.
BTW, I am FAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAR from rich
Then way take their side? I mean, the rich seem to be doing just fine on their own, they don't need any help.
My take is since spending is pretty much constant for quite a bit of time, it's the distribution that's the problem. Because starting in the early 80's, taxes were shifted from the wealthy down to everyone else. We know this because overall revenue as a %p of GDP was ~constant. So, if it was constant and taxes on the rich fell, it means everyone else picked up the burden.
I wouldn't care if it wasn't that the result was income and wealth stratification not seen since the robber baron days. This is illustrated in figure 1.
Then way take their side? I mean, the rich seem to be doing just fine on their own, they don't need any help.
My take is since spending is pretty much constant for quite a bit of time, it's the distribution that's the problem. Because starting in the early 80's, taxes were shifted from the wealthy down to everyone else. We know this because overall revenue as a %p of GDP was ~constant. So, if it was constant and taxes on the rich fell, it means everyone else picked up the burden.
I wouldn't care if it wasn't that the result was income and wealth stratification not seen since the robber baron days. This is illustrated in figure 1.
Because you are dealing with something organic, not fixed. if every human being thought and reacted like every human being in the past has and every thing in the world was exactly like the past, your historical data may be valid. But we are dealing with individual human beings, to think they will react as the master planners dictate is setting us up for massive unintended consequences.
because you are dealing with something organic, not fixed. If every human being thought and reacted like every human being in the past has and every thing in the world was exactly like the past, your historical data may be valid. But we are dealing with individual human beings, to think they will react as the master planners dictate is setting us up for massive unintended consequences.
The economy is not an "it", people are the economy. As we know people can be very irrational. All of the tax models, economic and finance models are static models that expect people to behave as the models predict.
Income taxes are the most inefficient form of tax, especially when dealing with the higher end. All you need to do is look at the income (not tax) from those making over $200k and you see wild swings of 20-30% some years. Since about half of the income tax comes from that cohort, we see massive swings in revenue.
The more we depend on the high income earners the more "Black Swans" we are setting ourselves up for.
Because you are dealing with something organic, not fixed. if every human being thought and reacted like every human being in the past has and every thing in the world was exactly like the past, your historical data may be valid. But we are dealing with individual human beings, to think they will react as the master planners dictate is setting us up for massive unintended consequences.
So, historical data has no place? Do you use anything for a baseline?
Quote:
Originally Posted by hilgi
The more we depend on the high income earners the more "Black Swans" we are setting ourselves up for.
Can you avoid such dependency when incomes have remained stagnant for most over last three decades, if not more, but the top 5%?
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