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How is someone in Iowa subsidizing NY if Iowa relies more on Federal spending than NY does?
It's simple math genius.
Because you don't own the home. Someone else earned it and has the responsibility for it.
Not at all.
Moving is expensive regardless of whether you own the place you live in or not.
American's have shown less and less willingness to make big moves for decades. Home ownership isn't to blame. We're increasingly concentrated where the jobs are.
True, however if the economy takes a downturn, especially where you live...
Say property values fall, you get laid off while upside down on a house that you now have no means of paying off and no one wants to buy for what you owe on it.....That "asset" can quickly become a boat anchor around your leg.
If you rent, you might have to pay the remainder of a lease in order to get out of it, but at least you can more easily take that job three States away when it's offered.
I've had headhunters call me with job opportunities that I would love to take advantage of, but being a homeowner complicates it significantly.
Companies want someone now.....and don't really have time for you to sell your house.
well, then I guess you think there should be NO tax on property or housing, no tax on food, no tax on clothes, no tax on electricity, no tax on anything, because everything is subsistence (that would include income, because income is you subsistence )
That's silly. An SRO room is subsistence, a 2,000 sf house is more than subsistence. Ramen is subsistence, filet mignon is more than subsistence.
I would tax income (or consumption, take your pick) above the 20th percentile at a flat rate, plus a nominal head tax to ensure everyone pays something.
Not much of a case to be made that this soaks the rich or the poor.
Some type of adjustment like you suggest was built into the fair tax at some point. It, nor any other fundamental change to the tax code stands any chance as long as all colors of demagogues have the tax code with which to 'play around'.
Quote:
Originally Posted by thecoalman
If you were going to go all out with flat tax you could implement some kind of formula for quarterly tax rebate for necessities like food, energy etc. that applies to everyone. For example if the estimate was you are going to pay X amount in taxes on food for the average person you get that back in rebate. If you are buying lobsters and fillet Mignon every week you're not going to get all that tax money back.
Democrats are the party of the rich and they will sue anyone who wants to close loopholes or limit deductions for the rich.
I guess now liberal, elite Democratic politicians in blue states now want to sue the federal government over President Trump's tax cuts because they closed tax loopholes and tax deductions for the rich.
I guess the Democrats are angry because tax deductions and now severely limited so that the vast majority of property taxes on mansions and estates and the state and local income taxes will be limited.
Hasn't the right-wing been saying for years under Obama that people making $250k a year is not rich????????????
Now suddenly, people who makes under that amount is "rich" now??
are you saying that your belief is people should NOT be free to choose where to live or move to?
No, I am saying that it is a pure pipe dream to think that states have much "freedom" to do much of anything in a union with free movement of people. Its a race to the bottom. Now that the federal government has made it even more difficult to raise revenue for states, this is truer than ever. Only the federal government can provide a proper public safety net. Its obvious to both right wingers and left wingers who think this through for a few seconds.
Why do you continually reference Ayn Rand to me? I digress..
Federalism allows the states to be however they wish to be. It's not the federal government's job to make sure the effective tax rates and variety of state provided services are equal in each state. AZ, NV and UT have all been taking in CA businesses and residents for years based on differences in tax/policy regimes. Las Vegas and Phoenix owe as much to Sacramento for their respective economic growth over the last 20 years as anything either has done at the local or state level. Net migration out of CA has been happening for a lot longer than Trump has been POTUS, and certainly longer than a week ago when they signed the tax reform into law.
And the reason not one state is a single payer for healthcare is because no such system can be run profitably, and no state is a currency sovereign who can create credits in their fictional GL anytime they want. They actually have to run with a budget, which single payer healthcare cannot.
I have no idea what you are talking about regarding single payer, but the reason the disabled are not getting the support they need is obvious. Even the most progressive states do not have the freedom to do so when there is free movement of people within the United States. Only the federal government can provide a public safety net and this is what the ruling donor class inadvertently promote when they push this tax bill through.
The federal government did not make it more difficult for states to raise revenue.
You can repeat it as many times as you want, but that doesn't make it true.
Of course its true, thats why the ruling elite pushed this through and why every news outlet reports it. Its also common sense. Are you really a progressive that pushes right wing tax policies for the kicks? I dont see where you are coming from.
The federal government did not make it more difficult for states to raise revenue.
You can repeat it as many times as you want, but that doesn't make it true.
??? ??? ??? ??? ???
Please explain.
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