Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Pay very close attention to the charts and graphs in the above links.
Of course the rich pay lots of taxes in Scandinavia. Just because the majority of the taxes are paid by a very strong and wealthy middle class doesnt meant that they rich dont pay alot too, and far more than they get back, as shown by the fact that every year the top taxpayers in those countries pay tens of millions of dollars in annual taxes, far more than the $18 minimum wage McDonalds worker in Scandinavia.
So that's an argument for boosting incomes so that the poor and low income people can also contribute more in taxes.
Its not an argument for increasing taxes on poor people like yourself.
Of course the rich pay lots of taxes in Scandinavia.
No, they don't. If they did, the higher tax rates would yield a higher percentage of tax revenue given the fact that Sweden has more billionaires per capita than does the U.S.
Specifically note that such isn't true. Regressive consumption taxes yield the most revenue in OECD countries other than the U.S.
And I'm good with that. Repeal FATCA. Let America's rich hide assets and income so that it's tax-free. And tax the hell out of the middle class and poor like Scandinavian and European countries do. You like Scandinavia's and Europe's social and safety net program benefits, so you should have no problem with that.
No, they don't. If they did, the higher tax rates would yield a higher percentage of tax revenue given the fact that Sweden has more billionaires per capita than does the U.S. :
That's a complete logical fallacy. First of all, the number of billionaires doesnt say anything about the total wealth of the billionaires, but far more importantly, income inequality is more than the small number of billionaires in a country! All statistics show that income inequality in Sweden is low so even if the rich pay quite high taxes it would never generate a huge share of the tax revenue as the middle class has so much of the national income. And Sweden generates 28% of revenues from consumption tax and 70% from various income/payroll taxes. I am not against a consumption tax, as it is far cheaper than the extremely regressive health insurance tax the US has now, but it must be a balanced approach. Not the Alabama approach of destroying the middle class and working class in order to increase consumption tax to the highest in the country, gut the social safety net and slash taxes on the rich and demolish the unions. That's not right. The Minnesota approach is much better.
Yeah. Let's look at Bernie Sanders, who's sick of Hillary's emails (Hillary loved that)-- the way he was probably sick of hearing about Clinton cohort Sandy Berger stuffing federal documents in his socks. Truly, there's a lot to be sick of with the Clinton Crime Family and the people in their orbit.
Anyway, he got an "F" for strategy, an "F" for not giving a fig newton about honesty, and generally revealed himself, again, to be a doddering old fool.
Of course the rich pay lots of taxes in Scandinavia.
No, they don't. We've already covered that. Sweden has more billionaires per capita than the U.S., but only 28% of their tax revenue comes from income, profits, and gains as opposed to that percentage being 38% in the U.S. The rich in Scandinavian and European countries are legally able to hide their income and capital gains in foreign accounts, which aren't taxed. Those countries have no FATCA law.
Clearly, the U.S. is taxing ineffectively. Our tax base is way too narrow to provide the benefits Bernie and his supporters want. Bernie and his supporters think Scandinavian and European countries are doing things so much better, so let's do the following in the U.S.:
1) Adopt a REGRESSIVE tax structure like Scandinavian and European countries
2) Allow the use of tax havens/shelters to avoid taxes like they do
3) Repeal FATCA. Those countries have no such law, so rich Scandinavians and Europeans can and do hide their investment income and capital gains in foreign accounts. That income is tax-free.
InformedConsent, he's saying the tax system might seem regressive, but that's because the middle class is stronger than in the US. it's why the republicans trying to counter Bernie by saying that the rich pay about half of tax revenue miss the point; The reason why the wealthy are paying most of tax revenue, is because the middle class is DYING. If we didn't have 25% of the country under the poverty line, we wouldn't HAVE this problem.
So even though you're trying to argue that somehow Sweden is more regressive than the United States because the middle class pays for more percent of overall taxes and that there are still billionaires around, the fact that the middle class is prosperous enough to pay in the first place thanks to their extensive welfare programs just shows how much better off they are from us!
InformedConsent, he's saying the tax system might seem regressive, but that's because the middle class is stronger than in the US. it's why the republicans trying to counter Bernie by saying that the rich pay about half of tax revenue miss the point; The reason why the wealthy are paying most of tax revenue, is because the middle class is DYING. If we didn't have 25% of the country under the poverty line, we wouldn't HAVE this problem.
It also wouldn't be this bad if the Democrats had spoke up and stopped the massive welfare programs for the rich the last 7 years.
Quote:
So even though you're trying to argue that somehow Sweden is more regressive than the United States because the middle class pays for more percent of overall taxes and that there are still billionaires around, the fact that the middle class is prosperous enough to pay in the first place thanks to their extensive welfare programs just shows how much better off they are from us!
There are thousands of things we can and should do differently but a country of 9 million isn't going to work the same as a country of 320 million.
InformedConsent, he's saying the tax system might seem regressive, but that's because the middle class is stronger than in the US.
Based on what? When the Scandinavian and European rich can legally hide assets in foreign accounts and any resulting income is completely tax-free, how do you know if their middle class is actually any stronger?
For example, Sweden has more billionaires per capita than does the U.S.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Truly, there's a lot to be sick of with the Clinton Crime Family and the people in their orbit.
