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pkang0202
Joined: 09 Mar 2007
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 Posted: Sun Jan 31, 2010 10:13 pm Post subject: |
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| mises wrote: |
When I played Sim City I had a cheat code. I just typed some phrase a bunch of times and all this free money appeared in my account. I used that free money to build what I wanted.
So I guess Sim City is just like economics. |
Sure is. Obama has the same cheat code. |
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conrad2
Joined: 05 Nov 2009
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| Posted: Mon Feb 01, 2010 12:13 am Post subject: |
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| Donald Trump of all people had this idea: a one time 10% tax on total net worth for all individuals worth 10 million dollars or more. Seems like a fair way to redistribute a bit of wealth. |
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Reggie
Joined: 21 Sep 2009
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| Posted: Mon Feb 01, 2010 3:21 am Post subject: |
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We did well in the 1950s because we had a lot of manufacturing infrastructure at a time when much of Europe and east Asia was in ruins. American manufacturers didn't have much competition. And we didn't have these free trade agreements and the "giant sucking sound" of manufacturing jobs leaving America that Ross Perot tried to warn us about.
I'd rather Americans in the private sector, even wealthy ones, not have to pay more of their money to the government, especially the ones hiring Americans in the private sector. Taking more money from these people would just be another government expansion at the expense of the private sector.
The public sector has taken more than enough from the private sector already. If the government doesn't have enough money, it's time for people in the public sector to have to start making some sacrifices for once instead of cannibalizing the very hand that feeds it. |
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Sergio Stefanuto
Joined: 14 May 2009
Location: UK
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| Posted: Sat Apr 03, 2010 1:47 am Post subject: |
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Thomas DiLorenzo in 1999:
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The District of Columbia ranks 6th highest in corporate income tax rates. It ranks 2nd highest in per capita total tax revenues extracted from its citizens. The District�s total taxes per $1,000 in personal income are about 50 percent higher than the national average. It has the 3rd-highest sales tax and the highest level of income taxation (exceeding the national average by about 90 percent). Washington�s property taxes are the highest (about 75 percent above the national average). Washington, D.C. ranks second only to Alaska in total per capita government expenditures, with a level that outstrips the national average by about 80 percent. The District has the highest level of per capita government debt of any major city. It spends more than any other state on welfare and primary and secondary education and has the highest pupil-to-teacher ratio in the nation.
Despite these expenditures, Washington, D.C.�s public schools rank 49th in high school graduation rates and usually last or near last in SAT scores. Despite outspending all the states in per capita corrections expenditures (more than 450 percent above the national average), the nation�s capital has the highest total crime rate of any major city. |
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Sergio Stefanuto
Joined: 14 May 2009
Location: UK
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The Happy Warrior
Joined: 10 Feb 2010
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| Posted: Sun Apr 04, 2010 7:39 am Post subject: Re: Let's Bring Back Ike's 90% Tax Rates |
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The rich and their money would continue to flee off-shore and to other countries. 90% of nothing is less than roughly 50% of something. Just because something may have been a good idea in the 50s doesn't mean it is now.
Nope, instead of putting the state's hands all the way down the rich's pockets, OP, it'd be a better idea to cut spending at least as much as we raise revenue. |
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Triban
Joined: 14 Jul 2009
Location: Suwon Station
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| Posted: Sun Apr 04, 2010 7:40 pm Post subject: Re: Let's Bring Back Ike's 90% Tax Rates |
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| Fox wrote: |
| pkang0202 wrote: |
| You should have. You would've learned a LOT more than what your economics class taught you at University. |
A video game is more instructive than a college education.
Wow. Just wow. |
Instead of going to Western Civilization I played Rise of Nations, Medieval Total War, and Age of Empires. I got an A while my friends that went to lecture got Bs.
They were shocked and awed when I drew a European map from memory and started drawing diagrams of what happened throughout the ages. |
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Kimbop
Joined: 31 Mar 2008
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| Posted: Sun Apr 04, 2010 9:30 pm Post subject: Re: Let's Bring Back Ike's 90% Tax Rates |
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| Fox wrote: |
| pkang0202 wrote: |
| You should have. You would've learned a LOT more than what your economics class taught you at University. |
A video game is more instructive than a college education.
Wow. Just wow. |
pkang didn't say that. You replied with a MUCH more simplified (and incorrect, and disingenuous) summary than his original.
In other words, straw man.
Wow. Just wow? |
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Fox
Joined: 04 Mar 2009
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| Posted: Sun Apr 04, 2010 9:38 pm Post subject: Re: Let's Bring Back Ike's 90% Tax Rates |
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| Kimbop wrote: |
| Fox wrote: |
| pkang0202 wrote: |
| You should have. You would've learned a LOT more than what your economics class taught you at University. |
A video game is more instructive than a college education.
Wow. Just wow. |
pkang didn't say that. You replied with a MUCH more simplified (and incorrect, and disingenuous) summary than his original. |
If you think so, then I'm sure it must be true. |
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Sergio Stefanuto
Joined: 14 May 2009
Location: UK
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| Posted: Mon Apr 05, 2010 1:55 am Post subject: Re: Let's Bring Back Ike's 90% Tax Rates |
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| The Happy Warrior wrote: |
The rich and their money would continue to flee off-shore and to other countries. 90% of nothing is less than roughly 50% of something. Just because something may have been a good idea in the 50s doesn't mean it is now.
Nope, instead of putting the state's hands all the way down the rich's pockets, OP, it'd be a better idea to cut spending at least as much as we raise revenue. |
We're wasting our breath. To the believer in progressive taxation, taking 90% from the rich is simply good (and an end) in itself. The demonstrable fact that it has the complete opposite of its intended effect - and, in fact, low and flat taxes yield the highest tax revenues - doesn't concern them in the slightest. |
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Senior
Joined: 31 Jan 2010
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| Posted: Mon Apr 05, 2010 4:02 pm Post subject: Re: Let's Bring Back Ike's 90% Tax Rates |
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| Sergio Stefanuto wrote: |
| The Happy Warrior wrote: |
The rich and their money would continue to flee off-shore and to other countries. 90% of nothing is less than roughly 50% of something. Just because something may have been a good idea in the 50s doesn't mean it is now.
Nope, instead of putting the state's hands all the way down the rich's pockets, OP, it'd be a better idea to cut spending at least as much as we raise revenue. |
We're wasting our breath. To the believer in progressive taxation, taking 90% from the rich is simply good (and an end) in itself. The demonstrable fact that it has the complete opposite of its intended effect - and, in fact, low and flat taxes yield the highest tax revenues - doesn't concern them in the slightest. |
Obama has explicitly intimated that he follows this line of reasoning. |
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Mr. Pink
Joined: 21 Oct 2003
Location: China
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| Posted: Tue Apr 06, 2010 2:51 pm Post subject: |
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Look at a country like France. They have a very high tax level...up to 90% for the very rich. I've seen stories on this on 60 Minutes and 20/20 how the richest people in France are actually residents of other countries so they don't have to pay those high tax rates. You would see the same thing occurring in the US if they went to 90% tax rates.
Also France is socialist, so at least some people can argue that their taxes go to health care and education. That will never happen in America. Well, not until America splits up and certain sections start to go that way.
Lastly, France's economy is pretty bad compared to America's.
I can't see America going down the road of France, ever. |
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