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The planet I live on. I sold my old house in Oregon for smaller payments... but longer term, to some folks hit hard who would never be able to qualify for a loan.
Is is the message that makes you angry, so you nitpick, or do you just want a verbal fight?
Well, you're going to have to explain the mechanisms of how this happens. Having run a corporation before, I dreadfully failed at finding a way to seize people's money and channel it off somewhere. So, teach me how to do it.
Are you going to attempt to make a logical argument that taxes are NOT responsible, or are you just stuck on making silly metaphors?
And, while you're at it, perhaps you could acknowledge a WHO LOT OF OTHER things that are in there as well. Like government sponsored debt, inflated real estate, etc, etc, etc.
I'm not looking for any kind of fight. What you hear from me is purely frustration built on watching for many years my fellow conservatives obtusely ignore and refuse to acknowledge the elephant in the room.
That elephant, incidentally, is the sole source of political nourishment of the radical left....and the left thanks them every day for their continued support. And thus the clearest and, by far, easiest solution to marginalizing our common nemesis is to address that elephant once and for all. You bump into it and bounce off of it every day. I sure wish you could see it.
When you made $20k people think, if I could just make $30k I would be ok. Then you make $30k and think, if I could make $50k I would be ok. What makes anyone think government is any different. Today democrats consider $200k is rich, tomorrow because they want more money they will go down the ladder to $100k. As long as you approve they will push it further and further.
I just don't get why anyone would approve of government and taxation. Yes we need to pay taxes but government needs to get rid of waste, cut expenses just like the rest of us and not encourage the entitlement mentality.
Many studies of human behavior have been done. I've read that the consensus is that by the time tax reaches 10%, it significantly influences our behavior in terms of decisions. At 30%, most simply will not work any harder to get the 70% left.
Boy you're really getting high off your own horse hockey!
Sure 10% influences, like sales tax, VAT and Tax Credits. But the income stopping at 30% of one's potential is an absurd Laffer. Been there, done that along with many fellow docs over the years and the reality is much higher. Of course very dependent on what you have to do physically to accomplish the next wage increment. High tax rates are counter productive most anytime except maybe when we are having rampant demand push inflation.
Sure taxes are onerous for the middle class, but they're not the be all end all by any means. In other time frames our middle class has flourished with similar or higher tax loads.
Middle class in essence means a good job and pay. No one will convince me that a worker wants to stop earning at $30K when by doing this, this and that he can earn $100K. Now someone making $90K, sure, if he has to do a lot of this and a great deal of that he or she might balk. IMO things start to change around the 50% rate.
I'm not a big fan of Laffer but at or around 50% is about the limit on peoples desire to work vs total revenue collected. And when I mean 50%, I mean inclusive of all income dependent tax loads.
Marginal tax rates have little to do with the percentage of one's earnings you end up paying. I did not say "low marginal rates". I specifically and clearly stated what I meant.
Boy you're really getting high off your own horse hockey!
No, you just have no idea what you're talking about.
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Sure 10% influences, like sales tax, VAT and Tax Credits. But the income stopping at 30% of one's potential is an absurd Laffer.
I said nothing about the Laffer curve. What I said, is that as rates approach 30%, it begins to have a very large impact on what decisions people make - when people find that working harder means they give up more than 30% of what they earning, most WILL NOT MAKE ANY MORE EFFORT. Nothing difficult about that, and it has nothing to do with Laffer curves. It has to do with value judgments people make in terms of the investment of time and the return on that time.
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Been there, done that along with many fellow docs over the years and the reality is much higher. Of course very dependent on what you have to do physically to accomplish the next wage increment. High tax rates are counter productive most anytime except maybe when we are having rampant demand push inflation.
Sure taxes are onerous for the middle class, but they're not the be all end all by any means. In other time frames our middle class has flourished with similar or higher tax loads.
No, it never has. We have NEVER had this high of actual tax burden. And don't go quoting marginal rates again, that's a red herring and meaningless.
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Middle class in essence means a good job and pay.
No, it does not.
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No one will convince me that a worker wants to stop earning at $30K when by doing this, this and that he can earn $100K. Now someone making $90K, sure, if he has to do a lot of this and a great deal of that he or she might balk. IMO things start to change around the 50% rate.
Well, you've been real resistant to reality so far, so, no surprise. You aren't even comprehending the argument.
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I'm not a big fan of Laffer but at or around 50% is about the limit on peoples desire to work vs total revenue collected. And when I mean 50%, I mean inclusive of all income dependent tax loads.
Wow, you don't get this at all. No wonder you're off in la-la land.
The percentage of people who make enough to reach that level is very small. Claiming that our current mid-40's is not a deterrent is laughable to the extreme. Many will not put in the effort to even reach that. In my case, theft of 25% is enough for me to say "forget it". I have no wish to feed the corrupt leeches, much less put out effort to give them larger bites.
When you made $20k people think, if I could just make $30k I would be ok. Then you make $30k and think, if I could make $50k I would be ok. What makes anyone think government is any different. Today democrats consider $200k is rich, tomorrow because they want more money they will go down the ladder to $100k. As long as you approve they will push it further and further.
I just don't get why anyone would approve of government and taxation. Yes we need to pay taxes but government needs to get rid of waste, cut expenses just like the rest of us and not encourage the entitlement mentality.
And that is the biggest joke around. $200k is anything but rich. Sure to someone who has no savings in the world, who has to scrape to pay bills and make ends meat uses credit cards to pay for everything they own, that is a mound of money.
But I know many young people making that and more. $200k Is anything but rich, comfortable but definitely not rich. It is an insult to think that $200k is considered rich by some. Like I said to someone who has no savings in the world, that amount is rich, in realty that amount is comfortable at the least.
Clearly you can see how warp the Democrats agenda is. Stupid naïve idiots, will help them to push there damn stupid naïve ignorant agenda.
I thought that we are supposed to move up in social class with each generation.
As in, if your parents are working class, you should make it to lower middle class. But the issue is that not everyone follows this.
My issue is that all my life my parents have been middle class, but after the recession my parents dropped to lower middle class. So, which class should I reach?
Your example fails because the vast majority of poor people do not have landlords willing to sell - and finance! - the homes they rent, thereby keeping them in rent slavery and thus poverty. Money spent on rent is money that is not building wealth for you and cannot be invested by you.
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