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Well Ireland's austerity is working well for Australia and New Zealand with well trained experienced professionals leaving Ireland for Aus. or NZ.
It will be interesting if the USA goes down the path of harsh austerity, it will give us a lot of liberal professionals to pick and choose from.
Sorry conservatives who are of course religious; would not be comfortable in countries where the majority non-religion is being a heathen who spends Sundays fishing instead of being on our knees.
Church lasts for about an hour on Sunday morning, so we're actually able to do both.
When you say 35% are you saying just national income taxes or ALL taxes? Just national income taxes, 35% is fine but in total taxes the rich should pay at least 50% over all. So if the USA made the rich pay 35% income taxes on ALL income including capital gains, that would be fine. Then they can also pay Social Security tax on ALL their income which would add 14% more and Medicare they pay now another 3% and you have a 52% rate for the rich which is what they should pay in my opinion. But most of them in the USA pay little if anything at all.
Why more than 50%? To punish the wealthy?
I believe our focus should be on the citizens, and not on punishing the rich. New Zealand do not have the opportunity to increase taxes to very high levels, because emigration from New Zealand is already high. In America, fewer people leave and if they do, they need to renounce their citizenship to avoid paying US taxes. New Zealand cannot do that, and will just experience emigration if taxes go too high.
So, if our focus is on the citizens of New Zealand, then taxes on the rich should be kept at moderate levels.
Argentina is the classic example of how something that sounds like it should work (austerity), just doesn't. They were asked to cut spending, and they did just that. And they cut and cut and cut for two years. And they discovered what Ireland's discovering now, and what the United States will discover once they vote the republicans back into power -- and they will. What they've discovered, what we will discover, is that cutting budgets is basically cutting jobs, and cutting jobs is cutting spending, and cutting spending is gutting capital markets. It's that simple. We'll be right back to late 2008 early 2009.
And yes, republifools, I will be back to say I told you so.
I believe our focus should be on the citizens, and not on punishing the rich. New Zealand do not have the opportunity to increase taxes to very high levels, because emigration from New Zealand is already high. In America, fewer people leave and if they do, they need to renounce their citizenship to avoid paying US taxes. New Zealand cannot do that, and will just experience emigration if taxes go too high.
So, if our focus is on the citizens of New Zealand, then taxes on the rich should be kept at moderate levels.
And it would also be unfair, why punish the successful when we need more of them.
As a country we do need to get our wages up and put a lid on house prices by building more, if a small amount of farmland becomes housing so be it, we make a damn sight more in GDP from urban rather than from rural areas even if we are a nation with high farming exports.
I hear stories that Australia and New Zealand are pretty immigrant friendly, even to Americans.
Search the web. Australia and New Zealand deny visas to fat-bodies.
Australia (intelligently) denies visas to HIV.
Quote:
Originally Posted by GregW
Does New Zealand welcome US retirees?
Not if the retirees are fat bodies.
BMI Indexing...
Mircea
Quote:
Originally Posted by GregW
Austerity is always recommended by the people that will profit and not by the people that will be bankrupted.
Austerity is recommended? Uh, sometimes it is, and often it's just common sense.
Other times, it is involuntary.
When your budget deficit is $1.3 TRILLION and no on Earth will buy your debt, what happens?
Instant Austerity, whether you want it or not.
PIIGS cannot sell debt. They are bound by the Euro agreement and have to limit their debt to a percentage of GDP. Since they cannot sell debt, they have to borrow money to finance their spending sprees.
Get it?
When the banks say, "No more money." what happens? Instant Austerity, whether you want it or not.
Same deal with idiot Americans. Someone earns $3,000/month, they spend every damn penny, then they spend $1,000/month that they don't have on their credit cards.
The banks finally say enough and either cancel the credit cards or reduce their credit limit.
What happens?
Instant Austerity, whether you like it or not. Those idiots were accustomed to spending $4,000/month every month, and now they cannot.
See how that works?
Seriously, I'm just flabbergasted that so many of you fail to grasp such an easy concept: You cannot spend what you do not have.
Of course, most of you are Liberals and you all think the Money Fairy flies around on her Jesus-stick throwing money at people.
Don't worry, you all will know austerity up close and personal.
Austerity: The Movie...coming soon to a McMansion near you...
Search the web. Australia and New Zealand deny visas to fat-bodies.
Australia (intelligently) denies visas to HIV.
Not if the retirees are fat bodies.
BMI Indexing...
Mircea
Nope we do not deny Visas to those who have trouble using only one airline seat.
Our immigration just tells them they will get a visa when they reach a certain weight target if they pass the rest of the medical and the police report and the cricket knowledge test.
I made the last one up but new immigrants should learn a touch of our culture.
Argentina is the classic example of how something that sounds like it should work (austerity), just doesn't. They were asked to cut spending, and they did just that. And they cut and cut and cut for two years. And they discovered what Ireland's discovering now, and what the United States will discover once they vote the republicans back into power -- and they will. What they've discovered, what we will discover, is that cutting budgets is basically cutting jobs, and cutting jobs is cutting spending, and cutting spending is gutting capital markets. It's that simple. We'll be right back to late 2008 early 2009.
And yes, republifools, I will be back to say I told you so.
Argentina increased their money supply by over 20 percent.
Government spending as a percentage of gdp increased by 6.9 percent over the last 3 years
"Subsidies, for example, are an integral part of government policy and are implemented in the energy, transport, rural, agriculture and some industrial sectors. According to ASAP, a government spending watchdog, subsidies during the first half of 2011 totaled $32.4bn – a 73% increase on the same period in 2010. "
I believe our focus should be on the citizens, and not on punishing the rich. New Zealand do not have the opportunity to increase taxes to very high levels, because emigration from New Zealand is already high. In America, fewer people leave and if they do, they need to renounce their citizenship to avoid paying US taxes. New Zealand cannot do that, and will just experience emigration if taxes go too high.
So, if our focus is on the citizens of New Zealand, then taxes on the rich should be kept at moderate levels.
"between 18-24 40 percent expressing interest in foreign relocation..."
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