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I read that and I am all for it. If they can lower taxes and help the poor and elderly good!
1. Its too early still to do a minimum income guarantee. The 15% flat tax to achieve this will be way too little.
2. changing the retirement age will also strain that.
I will be surprised if 15% is sufficient. Especially since their current income tax rate STARTS at 23% and goes to 43%.
Thinking you can lower taxes and bam magic occurs allowing you to spend so much more is fantasy land. While Republicans do it here, nothing to the extent that this represents.
What I like about the OP's article is it shows that the right and left came together and made a horse trade. The right bagged the flat tax that considerably lowered taxes and the left ended up with lowering the retirement age and guaranteed income. And also looks like Italy is going to get tough on immigration. Time will tell lets see how it works out.
1. Its too early still to do a minimum income guarantee. The 15% flat tax to achieve this will be way too little.
2. changing the retirement age will also strain that.
I will be surprised if 15% is sufficient. Especially since their current income tax rate STARTS at 23% and goes to 43%.
Thinking you can lower taxes and bam magic occurs allowing you to spend so much more is fantasy land. While Republicans do it here, nothing to the extent that this represents.
It is 15% and 20% for those earning close to $100K or more. But yes big drop.
I don't understand the thinking on the left that keeping more money in the hands of government is a good thing.
Its quite simple. Lower taxes and money will flow in from high tax countries like France. It will stimulate business and GDP growth. People will have more money to spend which will help all people in all sectors of the economy.
Ireland is booming since their tax cuts took effect. Their GDP growth is 3 times faster than any other european country:
I don't understand the thinking on the left that keeping more money in the hands of government is a good thing.
Im not sure I understand the right that believes that magically lowering taxes and increasing spending more will somehow work despite overwhelming evidence that this fails. Over and over.
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Its quite simple. Lower taxes and money will flow in from high tax countries like France. It will stimulate business and GDP growth. People will have more money to spend which will help all people in all sectors of the economy.
uh huh. while it may be true in the short term-in the long term massive debt growth will suck all of that back and more. This is a massive giveaway to the wealthy who will have the money to buy that debt thats created by massive deficit spending.
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Whether or not this will be enough to offset the steep tax cuts will remain to be seen. They can always go back and raise them if necessary.
But with a higher amount of debt that the rich will have purchased. This is idiocy at best. The poor might cheer n the guaranteed income, and maybe it will stick. But the other side is betting that they can make the tax cut stick. One of these two sides is wrong.
Im not sure I understand the right that believes that magically lowering taxes and increasing spending more will somehow work despite overwhelming evidence that this fails. Over and over.
uh huh. while it may be true in the short term-in the long term massive debt growth will suck all of that back and more. This is a massive giveaway to the wealthy who will have the money to buy that debt thats created by massive deficit spending.
But with a higher amount of debt that the rich will have purchased. This is idiocy at best. The poor might cheer n the guaranteed income, and maybe it will stick. But the other side is betting that they can make the tax cut stick. One of these two sides is wrong.
Italy has high taxes and slow growth with 2nd highest debt ratio next to Greece. They tried your way and they have a mess now.
Wait Fantasyland is in Italy, I thought it was only in Anaheim CA; Lake Buena Vista, FL; Tokyo; Hong Kong; Paris; Shanghai. That said, all kidding aside I hope this works but I'm very cautious on it based on U.S. economic policy.
it really doesnt matter because all the third world migrants will eventually drain the social welfare services and collapse the EU eventually......
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