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Nope. I said tax and spend like Scandinavia/Europe.
That means put the middle class in the same tax bracket as the top 1%, and implement a 20%-25% national VAT tax on everyone.
If this is indeed what you want, does this mean you also want the socialized healthcare system they have implemented with their tax monies? Healthcare access is more equalized in Scandinavia across the board because of their taxation rates.
I'd certainly be willing to pay higher taxes if we used our taxes for the good of the people the same way that's seen in Scandinavia. They consistently score highest in QoL and SoL indices. Partly responsible for this also lie in the social safety net enjoyed by most Scandinavians. I mean, **** can happen to anyone right? That was rhetorical.
Moreover, there are more family-friendly policies put in place to ensure families enjoy a higher level of security and young children get more time to spend with a parent at home.
Sounds like a win-win to me
The current administration is not likely to be this insightful, sadly.
If this is indeed what you want, does this mean you also want the socialized healthcare system they have implemented with their tax monies? Healthcare access is more equalized in Scandinavia across the board because of their taxation rates.
I posted detailed info on that in this post. Read and learn:
Let me ask you this. We are supposed to be the greatest country in the world yet no one looks out for the poor. Why is that. And this new tax plan certainly doesn't help them.
No one looks out for the poor? Why do you say that? There are a lot of people and organizations that take care of the poor.
Capitalism itself is the greatest mechanism by which the "poor" can be lifted to prosperity. That doesn't mean there will be no poor. Jesus once said, "the poor will always be with us."
Socialism does not help the poor, because it does not teach people to become self sufficient. It makes them dependent.
No tax plan will help those who are not willing to work. But this tax plan will create more jobs. That means those who are willing to work should be able to find employment.
Business expansion is the key to job creation. That's why this plan is good. It makes entrepreneurship easier for those who would start a business. Obama's policies stifled businesses, causing them to cut back and lay off workers, or cut hours. The forty hour work week, for many, became a thing of the past. That meant less income. That's partly why household incomes fell under Obama.
Some say corporations will simply pocket the extra money from lower taxes, and pay their executives more. Why would they do that? All businesses seek to grow their business. Expanding plant capacity is one way to do that. Lowering their taxes makes that easier. The opposite is also true; higher taxes mean lower profits, which means slower growth. These are common sense truths. No growth means a stagnant business. No one wants to invest in a business that is stagnant. When a business becomes stagnant, it is at risk.
No one looks out for the poor? Why do you say that? There are a lot of people and organizations that take care of the poor.
Capitalism itself is the greatest mechanism by which the "poor" can be lifted to prosperity. That doesn't mean there will be no poor. Jesus once said, "the poor will always be with us."
Socialism does not help the poor, because it does not teach people to become self sufficient. It makes them dependent.
Sort of like Q.E. and artificially low interest rates and now this bill to boost the markets?
When we actually start practicing Capitalism, then you can promote it. For us to actually have Capitalism we would need to end the Fed.
I don’t think any capitalist would disagree with you. Get government out of business!
Of course they would disagree with me. Look at all the crowing about how great everyone's 401k is doing. QE was brought to us by the "Capitalists". When they start to dismantle the Fed, you can then have a platform to stand on.
Let me ask you this. We are supposed to be the greatest country in the world yet no one looks out for the poor. Why is that. And this new tax plan certainly doesn't help them.
You're joking right ? How can a tax plan help the poor that don't pay taxes ?
I guess you don't get out much, there a lots and lots of working families at food banks each and every week.
Why? we have the worst employment laws in the western world. American workers have zero leverage because the social safety nets are a joke and employers can fire people almost at will. It is not a fair deal.
now here is the question. if you want a better standard of living for the majority of americans why support such draconian employment terms? I mean it. If you give a damn about your larger family and those who follow why would you want them to be at permanent risk ?
Many simply refuse to recognize the reality that Walmart and the others who dump millions every year into the coffers of their bought-and-sold congress-critters are rewarded for not paying a living wage.
They've created a system where many of their employees qualify for SNAP and possiby eBT, both of which directly benefit Walmart (in particular) because that's where lower-income people tend to spend their "money."
If Walmart and the others paid better, they wouldn't have a built-in customer base, would they?
People would be more apt to shop around.
It's the return of the company store, completely subsidized by our government, writ large.
I keep waiting for Walmart or some other corporation that will benefit greatly from these tax cuts to release some statement about how much they will be able to raise wages as a result.
Haven't seen anything to that effect.
Many simply refuse to recognize the reality that Walmart and the others who dump millions every year into the coffers of their bought-and-sold congress-critters are rewarded for not paying a living wage.
They've created a system where many of their employees qualify for SNAP and possiby eBT, both of which directly benefit Walmart (in particular) because that's where lower-income people tend to spend their "money."
If Walmart and the others paid better, they wouldn't have a built-in customer base, would they?
People would be more apt to shop around.
It's the return of the company store, completely subsidized by our government, writ large.
I keep waiting for Walmart or some other corporation that will benefit greatly from these tax cuts to release some statement about how much they will be able to raise wages as a result.
Haven't seen anything to that effect.
Maybe I missed it(???)
I'm thinking not.
JPMorgan reaps billions in revenue from EBT/SNAP as they process the payments.
They reported $6 billion in profit from processing EBT payments in 49 states in 2016.
That $6 billion is tax payer dollars that the USG paid to them.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by ChrisC
The poor are going to get police protection, road access, and education regardless--and you know they will. It's a tired argument that is irrelevant to the situation.
In fact, fine, if that's all you are going to bring up let's run with it. Tabulate only police, fire, road, education, and military expenses, divide it by three hundred fifty million and see what you come up with. There is your tax for the year. Everything else... that you conveniently "forgot" to mention is eliminated. Works for me as well.
The main problem is that your idea and my idea of what should be "commons" is totally different. And your idea of the definition of "tax" is totally different than mine. That is why you champion de facto socialist redistribution "tax" and I champion consumption tax (FairTax).
Thing is, in the end, your "poor" would probably benefit more under the FairTax proposal than they do now, which indicates that there is more to your motives than meets the eye. My guess is that you are just as worried about the productive (i.e. "rich") being punished as you are the poor being supported.
Your argument is disingenuous. You don't squeeze blood from a stone. That's why the poor pay no income tax, they don't have the means to pay it. Some redistribution is necessary to counter the poor allocation of resources that naturally occurs with capitalism. It helps us avoid becoming India or Brazil, where there is no redistribution, and the lower classes live in favelas
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