Your ideal taxation system... (university, subsidized, income)

[lepillow]

If you had to work and live in either of these two countries, which would it be?

Country A

• You earn: US$7,500 per month
• Taxation: 55% of monthly income
• Education: Free for life; from elementary to university including post-graduate and self-enrichment courses
• Health: Free consultations at clinics; medicines and surgeries subsidized at up to 90% of fees
• Retirement: Monthly payout of US$350

Country B

• You earn: US$7,500 per month
• Taxation: 5% of monthly income
• Education: US$1,000 per month for elementary; US$4,000 per month for university
• Health: US$150 for the most basic consultations excluding medicine
• Retirement: Monthly payout of US$1,000

[boxus]

Define "prohibitively"?

Using the actual terminology, that means no one can afford it, in which your selection is flawed as you present an unrealistic choice; a possibility and an impossibility.

[jtur88]

You intentionally gave us two hypothetical examples that were carefully defined to have counterbalancing characteristics. Given ONLY those two choices, it would make no real difference in the long run. Just a different set of tradeoffs at different stages of one's lifetime.

Nevertheless, a question. Does the person in Country B earn $7,500 a month even if he is illiterate and has no education, which was "prohibitively" unaffordable?

[Mornnb]

Clearly Country A... I would not want to live in such an unfair society as Country B, even if I was doing well and was one of the people earning $7500 I would feel disgusted at how the less fortunate were treated.

[Wadym]

B.
I don't want to pay the social to all others, and I do not consider, that the state will better dispose of my money, than I.

But unfortunately I live in the country A ...

[irish_bob]

my ideal is a flat tax system , wont ever happen though as it would remove the chance for politicans to gain kudos from all sections of society

a flat tax is too simple and fair for government to allow it

btw I include corporations in the tax system , if a millionaire or a plumber is paying 20% in tax under my system , so should Microsoft and GENERAL ELECTRIC

[jtur88]

Originally Posted by irish_bob

if a millionaire or a plumber is paying 20% in tax under my system , so should Microsoft and GENERAL ELECTRIC

At the current hourly rate for plumbers ($75-90/hr), plumbers ARE millionaires.

[theunbrainwashed]

Originally Posted by jtur88

At the current hourly rate for plumbers ($75-90/hr), plumbers ARE millionaires.

This is absurd. When have you ever met a millionaire plumber who wasn't the boss of a chain business?

[jtur88]

Originally Posted by theunbrainwashed

This is absurd. When have you ever met a millionaire plumber who wasn't the boss of a chain business?

Let's see. Billing $75 an hour, that's $150K a year, not counting any night or weekend calls. If he lives like a sensible upper middle class grown up, and avoids the fast lane and the high life, he can save half of that, and have a million in 15 years,, conservatively invested.. If they don't do it, that's their problem. If they do, they're millionaires. Which, by the way, is not a lot of money these days. What did I hear the other day, 400,000 millionaires in New York City alone, where plumbers probably get $150 an hour.

[theunbrainwashed]

Originally Posted by jtur88

Let's see. Billing $75 an hour, that's $150K a year, not counting any night or weekend calls. If he lives like a sensible upper middle class grown up, and avoids the fast lane and the high life, he can save half of that, and have a million in 15 years,, conservatively invested.. If they don't do it, that's their problem. If they do, they're millionaires. Which, by the way, is not a lot of money these days. What did I hear the other day, 400,000 millionaires in New York City alone, where plumbers probably get $150 an hour.

Do they work 40 hours a week, or less? Mechanics make roughly that much, yet you don't see any of them living the high life. You're going by pure mathematics, not reality. Plumbers are not constantly making $75 an hour