LOL, tax rates aren’t high in a historical context. It’s the entitlement to generating the largest bottom line. Why pay 8-10$ an hour to manufacture, when it’s cheaper to import shit into he US. And even if it’s not, why do it, if you can just move and hold the area hostage until they get their way.
there was a huge shitstorm in Alabama, where the governor was fighting tooth and nail to keep the VW plant in Alabama from unionizing, even though VW said they don’t care. Companies need and philosophy to have continuous 2-5% annual growth is the biggest issue, it’s not taxes.
Education and science… Amazing. - Let a real president lend your ears for a moment.
If America ever gets a president with the same rational as José Mujíca, then there will be joy. - And yes, he is a Republican, an Uruguayan republican.
It will not happen because the majority of America’s population is willfully mentally disabled, severely undereducated, and not to forget, religitarded, irrational, and unscientific.
Who is at fault? Those who vote for corrupt politicians to stay in the senate/government. Whaaaat? What do you mean, corrupt politicians?
I’ll name a few. John Boehner, Rick Santorum (Probably the lowliest and most wretched … thing.), Rick Perry, Newt Gingrich, and finally, Michelle Bachmann. Just a few.
Damn that Jose Mujica is like the Ryu of the political game lol, wonder if the UK can lease him out when his term is up, talks the talk and walks the walk. These fuckers we have over here would die of starvation if they had to live in his shoes for a week.
There are a lot of years where most people, especially singles, aren’t actually paying federal taxes. For most of this country’s existence, there was no income tax.
Although there’s always more tax. I define a tax as any fee collected by any government entity that a person is forced to pay. FICA to me is a tax, that has gone from 1% way back to 7.5% for an employee and 7.5% employer match, so for small business owners and the self employed that’s another 15% hit. If you have a home, there’s property tax, water tax, utility tax. If you have a car, there is car registration, car insurance and fuel tax, among some other maintenance taxes. There is a sales tax on all goods.
These types of taxes did not exist previously, and FICA also as I stated was much lower historically, and previous to that simply did not exist.
Someone that tracks their expenses and earnings should be able to clearly see they lose a considerable chunk to overall taxes. The federal income tax frequently winds up not even being the largest chunk of the taxes a person pays. Especially if you live in one of the high tax blue states, and further especially if you live in a high tax blue city in a blue state.
This is one reason a lot of times I just only work part of the year. Sometimes it helps to just game the brackets a bit if you don’t care too much about money.
Well, do remember that the govt. does allow you to deduct half of your FICA if you’re self-employed. Then if you don’t take your standard deduction you can deduct your property tax and some other little things. Not surprised if you already knew this though, since your post is spot on.
China has, what 20% of the world’s population? And it comprises only 16% of the global economyy? US has 4% of the world’s pop, and we have about the same 16% of global GDP?
per capita son.
hahaa
keep on using this as an excuse to bash the US and capitalism instead of actually thinking critically about intra-/inter-national economics
funny thing is that not too long ago China was the egalitarian model, a Communist state, and this was the direct cause of the vast crippling poverty that proliferated within. As the Chinese govt fused capitalism with their characteristic state authoritarianism, inequality grew but poverty shrunk, similar to what happens in other capitalistic-esque nations where income mobility is a factor in wealth creation. Given this context, what exactly are you saying? Are you willing to sacrifice the increase in relative comfort of the poorest of a particularly nonegalitarian nation in order to deny luxury to the elites of said nation just because U mad?
baby, bathwater, peace
Yes, fuck them, infact lets kill them and redistribute their wealth to completely annihilate poverty. Gotta love me some Reagen ‘trickle down’ economics afterall. No state under any ideology needs an elite class, hell politicians dont need to be rich either, its just the usual way of the scumbag world. Jose Mujica for life.
1st of all; not sure what your point is. Expressing jealousy at people that have more $$ wouldnt really mean anything. Inequality is a bit of a red herring. What is more meaningful regarding a country’s economic health is how well the poorest of a country fair compared to the poor of other countries. Would it make you feel better to know thoat people at the poverty line the US can be considered 15X more wealthy than those at tthe Chinese povertyline. That the quality of life of the Chinese poor is largely foreign to that of the poor in the US.
2nd of all; do you have a link for the millionairres per capita comparison? The only 2014 report I see has the US with the most milliannairres nominally (~3X the amount in China, which per capita would be ~14X China per capita), along with the most new millionairres nominally?
Either you missed my point, or you are saying you would prefer the Chinese poor to be in even deeper poverty if only it means that the Chinese elites would likewise be more poor as well. Did you miss the part about the bathwater…?
ANyway, poverty is relative, and is defined by a subjective metric. Point being, as long as there is society the bottom economically will be considered to live in poverty (no matter how wealthy they are compared to the poor of decades and centuries past). Unless you are advocating the elusive communist utopia - which created poverty and famine that dwarves any present income inequality problems they currently have. Anywhoo, glad to see you using profanity and advocating murder. Stay in Scotalnd.
I remember seeing the Al-jazeera interview with Mujíca a few weeks ago, it was really, really eye-opening. Like to hear a politician talk like that, much less a president, wow O_o
