Author: leiztorc

Why is US against Brexit?   [Copy link] 中文

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Post time 2016-4-29 20:52:23 |Display all floors
Capitalism will not necessarily fail if it includes more socialist factors (more progressive taxation,

Progressive taxation could mean more or less tax.

Your own mind is a sacred enclosure into which nothing harmful can enter except by your permission. Arnold Bennett

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Post time 2016-4-30 20:34:14 |Display all floors
St_George Post time: 2016-4-29 07:52
Capitalism will not necessarily fail if it includes more socialist factors (more progressive taxatio ...

As long as the wealthy pay a higher marginal rate than the poor, the revenues can be set higher or lower depending on the need.
My problem is simple: I just know better than everyone-else!

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Post time 2016-5-1 06:02:49 |Display all floors
Ted180 Post time: 2016-4-30 20:34
As long as the wealthy pay a higher marginal rate than the poor, the revenues can be set higher or ...

They have been known to get MORE tax from high earners with a lower percentage rate of tax. That's because there's less incentive to avoid it.
Your own mind is a sacred enclosure into which nothing harmful can enter except by your permission. Arnold Bennett

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Post time 2016-5-1 07:30:08 |Display all floors
Ted180 Post time: 2016-4-29 19:07
You write as if the US capitalists are somehow different from other capitalists (European, Asian). ...

The US and the UK were the countries where "trickle down" was introduced with dire consequences. Allowing the rich to make what they can, in the hope that it will help the poor is a fallacy. The European welfare states, with all their faults, were on a much better footing.
In the seventies, the differential between a CEO and an ordinary employee was rather small in Europe. Margaret Thatcher came to power determined to change that by making greed socially acceptable. The problem is that the higher the remuneration for the management, the less there is left for the rest of the workforce.
As I have already explained in other threads there is always a debt component to all prices. This component is not seen by the well off who can afford to pay the price outright. Others may have to borrow part of the price in an HP agreement, and others borrow the whole of the price in order to buy the goods. The Greeks have been burdened with the debts that other better off Europeans manage to avoid. There can be no profit without debt. In the end even though the citizens of Germany did not have to borrow to make up the difference between earnings and prices, their government had to do that for them with the excuse of bailing out the Greeks. The whole problem is rooted in the fact that Profit and Interest are components in any purchase that have no collateral.... they do not exist and have to be borrowed against future labour.
I don't share your optimism that the US will adopt more left wing policies to ease the burden on the citizenry without revolution. It's been a while since I last visited the US, but I doubt that it has changed much for the better.... if anything it got worse.
The world needs more idiots like me, all the others think they are clever.

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Post time 2016-5-1 07:38:15 |Display all floors
St_George Post time: 2016-5-1 06:02
They have been known to get MORE tax from high earners with a lower percentage rate of tax. That's ...

Sometimes one has to stand on principle rather than give in to the culprits. What you are advocating is similar to saying that if the age of consent was lowered to 13 there would be fewer paedophiles being prosecuted.
The world needs more idiots like me, all the others think they are clever.

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Post time 2016-5-1 07:51:11 |Display all floors
TheHermit Post time: 2016-5-1 07:38
Sometimes one has to stand on principle rather than give in to the culprits. What you are advocati ...

Where did I say I advocated it ?  I've described it, that's the way it is whether I like it or not.

If governments are serious about collecting all that's due, they need to close loopholes and go after aggressive tax avoiders.

Your own mind is a sacred enclosure into which nothing harmful can enter except by your permission. Arnold Bennett

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Post time 2016-5-1 07:52:59 |Display all floors
But they probably wont because they'd upset too many of their chums in big business.  Their donors.
Your own mind is a sacred enclosure into which nothing harmful can enter except by your permission. Arnold Bennett

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