NET WORTH IN AMERICA

Discussion in 'Economics & Trade' started by LafayetteBis, Sep 2, 2021.

  1. Melb_muser

    Melb_muser Well-Known Member Donor

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    Interesting. On face value to many on the left this seems unfair... that the wealthy are not paying the expected staggered & increased taxation that is weighted according to increased income.

    However, as pointed out the wealthy and Uber-wealthy manage to reduce and in some cases even completely avoid income tax. So a flat tax that cannot be avoided could be an improvement over a high taxation rate that is mitigated in one way or another.
     
  2. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Sorry, I don't understand what you're saying. And if I don't, probably others do not understand.
     
  3. dairyair

    dairyair Well-Known Member

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    Do you know what % is?

    $100 * 1% = $1
    $200 *1% = $2.

    They both pay the same % of their income.
    .
    For every $100 someone earns, they give the same amount to taxes.
    For every $100 someone earns, the keep $99.
     
    Last edited: Sep 4, 2021
  4. FreshAir

    FreshAir Well-Known Member Past Donor

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    most benefit from that type of flat tax

    "a flat tax where everyone pays the same % for every dollar they earn over the poverty line is the only fair system"

    if the poverty line is 20k, then someone making 40k pays tax only on 20k, as no one, rich or poor pays tax on any money earned below the poverty line
     
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  5. bringiton

    bringiton Well-Known Member

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    Sorry you don't like being reminded that if you don't address the injustice of current taxation and land tenure institutions, you are evading the real issue.
    No. I am reminding people what the real issue is.
     
  6. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    You could better do that by creating a special thread, and then posting short description with a link to that thread in each other thread.
     
  7. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    LONG GONE

    As I've said before, like healthcare post-secondary education should be "national" in nature; As it is in Europe, where "tuitions" are about a tenth of what they are in the USA.

    Nothing is stopping a state from establishing a Very Low Cost post-secondary educational provision across the board. That is, like this:
    Yes, so all the above cost a lot of funding nowadays. Which is The Key Problem! We expect those families wanting a post-secondary degree for their children must pay the high-cost. (Which is why the lower-classes are unable fiancially to do so.)

    But just like a high-school degree was key to getting job in post-WW2 America, now, today, it is a certificate of post-secondary schooling that is crucial.

    Which is why said schooling should be Very-Very Low Cost. Meaning subsidized by both the states and the Federal Government (Dept. of Education) to cover costs.


    And whyzat? Because the low-skilled manufacturing-jobs have been long-gone to Central/South America or since automated. HIgher-skilled Manufacturing Jobs remain. But they require post-secondary qualifications to obtain them ....
     
    Last edited: Sep 5, 2021
  8. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    FAR TOO MANY MILLIONAIRES IN AMERICA!

    Yeah, right, the "American Dream"! Just what America needs! More millionaires?!? That is not the problem but it is the Consequence. To what?

    The fact that these people are insufficiently taxed on their megabuck-earnings! So we are supposed to be "all amazed" that Nirvana-in-America is just around the corner. All one need do is become a millionaire!

    Which is why Uncle Sam has been in its Simplistic Rut for such a long time. The Key Objective should NOT BE the same annual revenue for all workers. (Communism is long-since a dead idea!)

    What should take its place, however, is NOT the opposite. Megabucks for millionaire wannabees! The money is wasted - what do they do with it.? They leave it to the kids whereupon far too many of which simply waste it.

    Rather than awarding millionaire-success to the comparative-few why not achieve success with the comparative-many? Meaning high-taxation of the rich and super-rich, for which the funds are employed to teach our kids the skills necessary in a Post-secondary Education program that does not cost an arm-and-a-leg and years to pay-it-off ... !
     
    Last edited: Sep 5, 2021
  9. Tejas

    Tejas Banned

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    .

    Who put a burr under your saddle ?!

    Obviously, you don't understand the concept. His term, "every day millionaire", means an average middle-class person [the majority of Americans] who normally would never become millionaires because the "system" wants to keep them poor and in debt... can become millionaires if they intentionally follow certain logical personal finance rules... and the first two rules are to live below your means and stay out of debt.
    .
     
    Last edited: Sep 5, 2021
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  10. bringiton

    bringiton Well-Known Member

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    If you run faster than the others on the treadmill, you can get ahead of them, and maybe clamber up onto the escalator the treadmill powers. But when everyone on the treadmill is running faster, the treadmill just goes faster (along with the escalator, of course).
     
  11. Mircea

    Mircea Well-Known Member

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    It only appears that way to the weak, the timid, the blind, and low-information voters.

    Well, no, because they would be smart enough to hire armed henchman to protect them from the likes of small-minded people whose jealousy is far more expansive than their egos.
     
  12. crank

    crank Well-Known Member

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    First, when you start 'high' taxing the rich, they will soon either stop seeking wealth altogether, or hide their money. It will never work.

    Second, indiscriminate allocation of funds to tertiary education is a disaster in the making. Hand out free Arts degrees and you'll soon see entire generations unemployable. The only courses which should receive full funding (and I believe they should be entirely free) are those which lead directly to stable, well paid, full time work, at graduation and into the future. The choice of courses to fully fund should be predicated upon current and future employability. Sector shortages, IOW. As for kids learning the skills necessary to complete a degree or trade, those come from the home. Schools can't teach self-discipline.
     
  13. crank

    crank Well-Known Member

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    Only if you think the treadmill is your sole option. You can reach the same place via many paths, and not all of them involve running.
     
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  14. crank

    crank Well-Known Member

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    Well said.
     
  15. bringiton

    bringiton Well-Known Member

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    We are all consigned to the treadmill at birth. Those whose parents have enough to buy them a ticket on the escalator the treadmill powers don't have to worry about running fast enough to keep up on the treadmill.
    If you can't afford a ticket on the escalator, and you don't run, you fall off the back of the treadmill. That is how it is designed.
     
  16. bringiton

    bringiton Well-Known Member

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    No, it appears that way to everyone except the dishonest, the rich, the greedy, the privileged, the dishonest, the stupid, the ignorant, the blind, low-information voters, and the dishonest.
    Who will protect them against not only other rich, greedy parasites' henchmen, but their own henchmen? It's called, "feudalism." History does not offer a lot of reason for optimism about their chances.
    Few acts a human being can commit are more evil than accusing those who oppose injustice of envy for those who profit from it.
     
  17. crank

    crank Well-Known Member

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    Self-discipline will get you as far as running - in many cases even further. Doing LESS is sometimes more.
     
  18. Mircea

    Mircea Well-Known Member

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    The fact that you can't be truthful puts you in which category?

    Show us this history. Surely you can cite at least one greater or lesser noble, or a member of the landed gentry who was killed by his own henchman.

    We'll wait.

    Self-inflicted injustice is not a crime, nor is it injustice.
     
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  19. bringiton

    bringiton Well-Known Member

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    I have been incomparably more truthful than you. Which is why you can't demonstrate that even a single statement of mine is false.
    Surely you're not that ignorant of history! Here, just for starters:

    https://en.wikipedia.org/wiki/Category:Roman_emperors_murdered_by_the_Praetorian_Guard
    You don't have to wait for me to prove I'm right, just ask. By contrast, you don't seem able to come up with any actual evidence for any of your false claims.
    When your rights to liberty are forcibly stripped from you without your consent or just compensation, and made into the legal property of others, that's not self-inflicted, and I will thank you to remember it.

    The truth is, you simply prefer injustice to justice because you believe you can make yourself the beneficiary of injustice. You think injustice is better than justice, which means you think evil is better than good.
     
  20. bringiton

    bringiton Well-Known Member

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    You still have to pay greedy, privileged, parasitic landowners just for permission to access the economic opportunity government, the community and nature provide.
     
  21. crank

    crank Well-Known Member

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    So in your Georgist utopia, use of land would be free ?
     
  22. bringiton

    bringiton Well-Known Member

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    Yes, if no more than one prospective exclusive user of a given parcel was willing to pay for exclusive tenure, or if its unimproved rental value was no more than the combined universal individual exemptions (UIEs) of the citizens residing there. In other cases, those who chose to deprive others of their liberty to use the land would make just compensation to the community of those excluded in return for the benefits that community and its government provide, instead of paying greedy, privileged, parasitic private landowners for doing and contributing exactly nothing. The result would be that land users -- i.e., everyone -- would only pay for government once, instead of paying for it twice so that greedy, privileged, parasitic private landowners were entitled to pocket one of the payments in return for contributing nothing.
     
  23. Mircea

    Mircea Well-Known Member

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    That's a fail.

    The Praetorian Guard were part of the Roman military and employed/paid by the Roman government and not paid/employed independently by the Emperors themselves.

    In other words, Roman emperors did not hire the Praetorian Guards to protect them.

    Put the SAT/ACT way, US Presidents are to Roman Emperors as the Secret Service is to the Praetorian Guard.

    Since you mentioned Rome, contrast that with my ancestors.

    I am of Greek, possibly Armenian ancestry. My ancestor lived within the Roman empire. He went with the Romans to colonize Normandy, and he was either a government administrator, a merchant, or a member of a legion or one of the auxiliaries, maybe an archer, since Greeks and Armenians aren't known for their cavalry.

    My ancestors remained in Normandy after the Roman government and military withdrew, because he owned land and he wouldn't have owned land, unless he was a government administrator, a merchant, or a member of a legion or one of the auxiliaries.

    As was custom, he had his own security force, you know, hired henchmen.

    Centuries later, my ancestors and his hired henchman, along with Bretons (disenfranchised English), and the Flemish, helped William the Bastard defeat Harold.

    For his loyal service, my ancestor was given land near Bath in County Somerset.

    A century after that, my ancestor and his hired henchmen, along with Bretons, Flemish, Welsh, English, Angles and Saxons colonized Ireland.

    Again for his loyal service, he was given land in County Mayo and County Meath. They still live there.

    Walter, the First Earl of Ulster around 1250 CE is my first cousin about 34-36x removed.

    I cannot refute something that never happened.

    One day I'm going to help you get over yourself.
     
  24. bringiton

    bringiton Well-Known Member

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    :lol: Garbage.
    Wrong. The emperors were effectively the major discretionary funders of the Praetorian Guard along with Rome's legions. That is why Marcus Aurelius advised his successors, "First, pay the army."
    Yes, they did. They chose them and paid them. Read and learn:

    https://en.wikipedia.org/wiki/Praetorian_Guard#Under_the_Julio-Claudian_dynasty
    Garbage. Presidents' personal wealth does not fund the US government or military. Roman emperors' personal wealth did.
    Or just a greedy, privileged parasite.
    Which is presumably why the population of Western Europe declined by 1/3 in the century after Roman power disappeared and your illustrious ancestors had to hire their own henchmen.
    I.e., for helping the big thief steal, the smaller thieves got a cut of the loot.
    By dint of more murder and stealing. Right.
    How many landless peasants did they murder in the famine?
    You must be so proud to have such a greedy, idle, privileged, parasitic sack of $#!+ in your family tree.
    You tried. But you failed.
    <yawn>
     
  25. crank

    crank Well-Known Member

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    So given that any parcel of land within commuting distance of a city is going to have many more than ONE person interested in using it, payment must be made. And when people inevitably move and thus 'trade' land-interests, more payments are made.

    So it's basically just buying and selling, but with a different name. Cool :)
     

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