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.
I do not care one bit about punishing the wealthy. Controlling where growth happens in the economy? That is what matters. Concentrate the growth on the top end and everyone is poorer. Well 99 out of 100 are poorer.
Yep
It is not unlike the Soviet Union in its "Glory Days"
If you were part of the Government - Business Party you had it great, but if you were not of that, you had it worse off and that is where we are headed.
We decried the extreme inequality they had because of that arrangement while boasting about our middle class, which is now dieing.
Corporate and Banking Lobbyists need to be thrown out of the Government
II is not a socialist problem. It's something that hurts one of the very foundations of the economy -- cycling of money.
Imagine a two person economy with $100 between them. A has $75, B has $25. A only needs $60 for his lifestyle, and stashes the $15 leftover in tax-shelters. B splits his money $22/$3 between spending & saving. Out of the original $100, only $82 is coming back into the economy for spending.
What happens if that split is now $85 for A, $15 for B? A still has a $60 lifestyle, so now it's $25 into tax shelters. B has to cut back, so now his split is $13/$2. Now, out of the original $100, only $73 is being circulated.
Would you argue that an economy spending $73 is doing better than it was when it was spending $82?
And that's not even going into the tax implications of the change, or the economic opportunities lost.
In the real world most excess wealth goes into capital investments that help provide jobs.
Flat taxes on income with a large standard deduction would fix many of our problems but the left, and much of the right, will never go for it.
That is my #1, failure of a large government doing what serves them and not you.
That happens because general contractors remove future competition because illegals after 7 years can't go out and get a liscenced to compete later against the boss.
Also could be IRS issues depending on payments and lack of taxation.
The problem I have is there are not enough people attacking the Corporate and Banking Lobbyists and the revolving door corporatist because THEY WANT A BIG GOVERNMENT
They put Corporate Mouth Pieces in Place in DC
No, not just presidents but all the politicians
They are parasites they seek political office to get their corp on the gravy train and then leave DC with a comfy spot at the headquarters.
Just as we attack those that fund terrorists, we should be attacking, legally of course the ones funding politicians and revolving door insiders
Maybe. What you ignore is that the $15 saved by A is not available for C to start a new company or expand his company. You can't do that without capital.
Let’s assume that B is the one trying to start his business. An individual investor funding someone else’s new business is the exception, not the norm. For most small business owners, banks or self-funding is how they kick off their businesses. As long as either the bank has enough savings from A+B to loan B his money, or B earns enough to grow his savings large enough to self-fund, then B can start his business.
Either way, the amount of money B earns is going to impact how much he can invest into his own company.
In the real world most excess wealth goes into capital investments that help provide jobs.
Flat taxes on income with a large standard deduction would fix many of our problems but the left, and much of the right, will never go for it.
That's probably one of the biggest myths about what the "rich" do with their money. The overwhelming majority of money that goes into capital investments never makes it back to the original company and has no impact on that company growing jobs. IPOs are when your investment goes into the company's coffers. After that, you're just horse trading with other people on how well that company is going to do.
You buying Apple stocks or mutual funds that contain Apple stocks has zero impact on Apple's bottom line, income, investments or anything that would tie into their "growth."
A flat tax is not a fair tax either b/c we have a social safety net. You can't fund that w/o a progressive tax on income. It would end up w/ less money going into things like R&D and infrastructure if we had a flat tax.
I have argued over and over again that policies like these will only worsen things.
Even if we dropped taxes to 0, if it is cheaper to hire labor overseas than here, that is what they will do.
If it cost a Chinese Citizen 200 dollars for room and board in China and it costs an American 1000 dollars for room and board, you will never make the math work.
Too many people want high prices for things they cant outsource like housing and rent, medical, insurance, schooling etc
The math is simply not going to work
Take a look at the cost of living in India vs the US in US Dollars
Moderator cut: link removed, linking to competitor sites is not ok
Rent Per Month [ Edit ] Avg.
Apartment (1 bedroom) in City Centre 173.96 $
Apartment (1 bedroom) Outside of Centre 106.77 $
Apartment (3 bedrooms) in City Centre 419.75 $
Apartment (3 bedrooms) Outside of Centre 255.22 $
When Global Markets reach equilibrium minus protectionist measures, our country will be worse off than the worse poor in India
Where can I get a 1 bedroom apartment in the USA for 173 dollars a month?
Maybe. What you ignore is that the $15 saved by A is now available for C to start a new company or expand his company. You can't do that without capital.
That's probably one of the biggest myths about what the "rich" do with their money. The overwhelming majority of money that goes into capital investments
You totally misunderstand the need for capital to expand business. Without capital, there is no new business and no expansion of business.
Next time you try to start a business with no capital and no bank loan you will understand.
I have argued over and over again that policies like these will only worsen things.
Even if we dropped taxes to 0, if it is cheaper to hire labor overseas than here, that is what they will do.
If it cost a Chinese Citizen 200 dollars for room and board in China and it costs an American 1000 dollars for room and board, you will never make the math work.
Too many people want high prices for things they cant outsource like housing and rent, medical, insurance, schooling etc
The math is simply not going to work
Take a look at the cost of living in India vs the US in US Dollars
Moderator cut: link removed, linking to competitor sites is not ok
Rent Per Month [ Edit ] Avg.
Apartment (1 bedroom) in City Centre 173.96 $
Apartment (1 bedroom) Outside of Centre 106.77 $
Apartment (3 bedrooms) in City Centre 419.75 $
Apartment (3 bedrooms) Outside of Centre 255.22 $
When Global Markets reach equilibrium minus protectionist measures, our country will be worse off than the worse poor in India
Where can I get a 1 bedroom apartment in the USA for 173 dollars a month?
If you over pay a worker in a market like that they will be able to spend a lot more.$5hr in a $1hr labor pool will have a lot of money to spend.
Last edited by Yac; 09-09-2016 at 07:13 AM..
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.
