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Daechidong Waygookin
Joined: 22 Nov 2004
Location: No Longer on Dave's. Ive quit.
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 Posted: Sun Jan 23, 2005 12:46 am Post subject: How can Korea function? |
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| How much raxes do you guys pay? Im at about 3%. With taxes so low, how can this country actually operate at all? |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Sun Jan 23, 2005 12:57 am Post subject: |
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A ton of hidden sales taxes on manufactured items doesn't cripple domestic production because of heavy import restrictions on major consumer goods like electronics and automobiles; property taxes; corporate taxes on chaebol raking in heavy profits from governmental policies which are preferential and protectionistic.
Or so the editorials in the Herald have occasionally bemoaned. |
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Rather_Dashing
Joined: 07 Sep 2004
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| Posted: Sun Jan 23, 2005 1:45 am Post subject: Re: How can Korea function? |
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| Daechidong Waygookin wrote: |
| How much raxes do you guys pay? Im at about 3%. With taxes so low, how can this country actually operate at all? |
Countries ran just fine with no income taxes before the first world war. Then the government said "hum, we need money to finance the war. Let's tax income!" so they started taxing income. After the war was over, the government said "hum. The war is over. I don't want to give up my power. Let's keep the taxing the *beep* out of people!" and that's the story of why we pay income taxes  |
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kangnamdragon
Joined: 17 Jan 2003
Location: Kangnam, Seoul, Korea
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| Posted: Sun Jan 23, 2005 1:54 am Post subject: |
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| Koreans understand that lowering taxes helps the economy, in effect boosting tax revenue overall. Why can't American liberals understand this? |
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funplanet
Joined: 20 Jun 2003
Location: The new Bucheon!
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| Posted: Sun Jan 23, 2005 2:52 am Post subject: |
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simple, my friend...
liberals understand that their so-called social programs create dependency whilst eliminating personal responsibility
liberals are willing to pay more taxes to fund the programs that keep their constituencies coming back for more, therefore voting them back in office time after time....
it's about gaining power through dependency |
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komtengi
Joined: 30 Sep 2003
Location: Slummin it up in Haebangchon
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| Posted: Sun Jan 23, 2005 3:01 am Post subject: |
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| mind you they have a crap health system, no benefits for those that require them, plus their education system is pathetic. |
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Daechidong Waygookin
Joined: 22 Nov 2004
Location: No Longer on Dave's. Ive quit.
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| Posted: Sun Jan 23, 2005 3:05 am Post subject: |
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| komtengi wrote: |
| mind you they have a crap health system, no benefits for those that require them, plus their education system is pathetic. |
Well, with that "pathetic" education system, they sure have donw ell growing Samsung into one of the best electronics companies in the world, dominating the ship building industry and doing quite well in a few other areas too. |
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Yu_Bum_suk
Joined: 25 Dec 2004
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| Posted: Sun Jan 23, 2005 3:43 am Post subject: Re: How can Korea function? |
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| Rather_Dashing wrote: |
| Daechidong Waygookin wrote: |
| How much raxes do you guys pay? Im at about 3%. With taxes so low, how can this country actually operate at all? |
Countries ran just fine with no income taxes before the first world war. Then the government said "hum, we need money to finance the war. Let's tax income!" so they started taxing income. After the war was over, the government said "hum. The war is over. I don't want to give up my power. Let's keep the taxing the *beep* out of people!" and that's the story of why we pay income taxes |
Which is basically true, but Korea has one of the largest armies per capita in the world. I must assume it's the hidden taxes, but even then some basic goods (like clothes) are so cheap. Maybe Korea does have some points to make about the values of limited government. The low crime must also help. Some places (I'm sure we all know where) spend enormous sums of public money on law enforcement and prisons. |
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chronicpride
Joined: 16 Jan 2003
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| Posted: Sun Jan 23, 2005 3:44 am Post subject: Re: How can Korea function? |
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| Daechidong Waygookin wrote: |
| How much raxes do you guys pay? |
RAXES? |
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babtangee
Joined: 18 Dec 2004
Location: OMG! Charlie has me surrounded!
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| Posted: Sun Jan 23, 2005 3:52 am Post subject: Re: How can Korea function? |
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| chronicpride wrote: |
| Daechidong Waygookin wrote: |
| How much raxes do you guys pay? |
RAXES? |
HAHAHAHAHAHAHAHAHAHAHAHAHAHA...  LMFAO |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Sun Jan 23, 2005 4:12 am Post subject: |
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It's pay as you go. Pay for public school, pay for health care, pay for garbage disposal. The social welfare system isn't a huge drain as Korean families tend to take care of their eldery and unemployed. If you look at most Western nation's budgets welfare, health care, and public education are the three biggest slices of the pie.
There's a sales tax we never actually see as it's built in. Lord knows what Korean | |
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