Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-18-2017, 02:51 PM
 
9,837 posts, read 4,605,900 times
Reputation: 7292

Advertisements

Quote:
Originally Posted by InformedConsent View Post
How does your convoluted, delusional interpretation match what I've always said: Tax like Scandinavian /European countries. Put the middle class in the same income tax bracket as the top 1%, and implement a 20%-25% national VAT tax.
that would shatter the US economy. we have no social safety nets. In the EU high VAT is fine because the bottom half has no worries about losing everything when they lose a job or get sick.

But in the USA the lower your income the higher your risks of total loss. What you want is high taxes on the poor (through vat) and no services for them. absolutely insane and would destroy our internal markets because most of the public would have no disposable income... it is bad enough as it is now, but your plan would cripple sales of non essentials overnight.
Reply With Quote Quick reply to this message

 
Old 12-18-2017, 03:04 PM
 
13,281 posts, read 7,821,407 times
Reputation: 2141
Fears for the risk, crumpets for the takers.
Reply With Quote Quick reply to this message
 
Old 12-18-2017, 05:33 PM
 
Location: ATX/Houston
1,896 posts, read 805,842 times
Reputation: 515
Quote:
Originally Posted by michiganmoon View Post
1. Perhaps is it the same reason that Obama supported more Trickle Down Economics than Reagan that benefitted the rich? And Obama initially proposed cutting social security - which benefits all workers - and making up the gap with extra fees on Fannie loans - ie the poor and middle class paying for the rich's tax cut.

How Quantitative Easing Helps the Rich and Soaks the Rest of Us - Reason.com

https://www.huffingtonpost.com/2013/...n_2670455.html
Well when there's a lack of capital, due to the worst financial crisis since the Great Depression, QE is a means to inject capital in the economy.

Your argument lacks all context on the matter. Too many people seem to intentionally undervalue the severity of 2007- 2008 due to partisanship or just plain ignorance (like your sources that you intentionally picked for being liberal to help prop up your argument). Too bad I'm smarter than that and easily saw through it.
Reply With Quote Quick reply to this message
 
Old 12-18-2017, 05:35 PM
 
Location: ATX/Houston
1,896 posts, read 805,842 times
Reputation: 515
Quote:
Originally Posted by InformedConsent View Post
I posted detailed info on that in this post. Read and learn:

How other developed countries tax and spend
You're a European socialist now??!?!! This is a breakthrough!!!!
Reply With Quote Quick reply to this message
 
Old 12-18-2017, 05:41 PM
 
Location: ATX/Houston
1,896 posts, read 805,842 times
Reputation: 515
Quote:
Originally Posted by lifeexplorer View Post
Of course you don't squeeze blood from a stone; you shouldn't suck the blood out of a living being either.

Armed robbery is never moral, just or fair.
Yawn. Taxes have been part of civilization. Tired of all the special, entitled snowflakes out there that think taxes are theft.

Quote:
Simply stop the government intervention in business, we wouldn't have problems like India or Brazil.
Simply? So Nigeria or Pakistan than the more developed India or Brazilian economies.... interesting.

Quote:
I also must ask, since the poor pays virtually no taxes, morally, what's their fair share to the society?
I suppose the ponzi scheme called capitalistism that requires more and more growth.

If 1000000 million people merely evaporated, then the economy would contract; growth requires people.
Reply With Quote Quick reply to this message
 
Old 12-18-2017, 05:42 PM
 
34,259 posts, read 19,262,582 times
Reputation: 17247
Quote:
Originally Posted by okcthunder1945 View Post
You're a European socialist now??!?!! This is a breakthrough!!!!
lol, nah its a deceptive talking point. Its a nifty way to talk about how the poor need to pay more taxes, while ignoring that in those countries the poor get a LOT more in exchange for it.

IE make the poor pay more in taxes, but don't add in universal healthcare, massive unemployment benefits, educational support, 4 weeks paid time off year, child care support, etc etc etc.
Reply With Quote Quick reply to this message
 
Old 12-18-2017, 06:02 PM
 
Location: ATX/Houston
1,896 posts, read 805,842 times
Reputation: 515
Quote:
Originally Posted by greywar View Post
lol, nah its a deceptive talking point. Its a nifty way to talk about how the poor need to pay more taxes, while ignoring that in those countries the poor get a LOT more in exchange for it.

IE make the poor pay more in taxes, but don't add in universal healthcare, massive unemployment benefits, educational support, 4 weeks paid time off year, child care support, etc etc etc.
Oh I know. It's quite transparent.
Reply With Quote Quick reply to this message
 
Old 12-18-2017, 06:39 PM
 
3,368 posts, read 1,592,871 times
Reputation: 1652
https://www.nytimes.com/interactive/...alculator.html

Interesting calculator here.
Reply With Quote Quick reply to this message
 
Old 12-19-2017, 12:40 AM
 
79,907 posts, read 43,959,063 times
Reputation: 17189
Quote:
Originally Posted by okcthunder1945 View Post
Well when there's a lack of capital, due to the worst financial crisis since the Great Depression, QE is a means to inject capital in the economy.
This was all a lie and QE wasn't for the most part used to inject capital into the economy.

The Fed Has Hurt Business Investment

QE is partly to blame for record share buybacks and meager capital spending.


https://www.wsj.com/articles/the-fed...ent-1445899627
Reply With Quote Quick reply to this message
 
Old 12-19-2017, 12:48 AM
 
Location: the very edge of the continent
88,674 posts, read 44,430,925 times
Reputation: 13576
Quote:
Originally Posted by evilcart View Post
that would shatter the US economy. we have no social safety nets. In the EU high VAT is fine because the bottom half has no worries about losing everything when they lose a job or get sick.

But in the USA the lower your income the higher your risks of total loss. What you want is high taxes on the poor (through vat) and no services for them. absolutely insane and would destroy our internal markets because most of the public would have no disposable income... it is bad enough as it is now, but your plan would cripple sales of non essentials overnight.
I never said no services for them. What the left wants is Euro-style social programs but absolutely refuses to agree to implement a Euro-style regressive tax system.

We can have one or the other, a progressive tax system OR robust social programs. We can't have both. This is very well-known among economists, and why Scandinavian/European countries have regressive tax systems. Can't fund the programs without a MUCH broader tax base paying mostly regressive taxes.
Reply With Quote Quick reply to this message
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.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top