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Member (Idle past 256 days) Posts: 876 From: Richmond, Virginia USA Joined: |
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Author | Topic: Bernie Sanders is a Centerist | |||||||||||||||||||||||||||||||||||||||
New Cat's Eye Inactive Member |
Can you explain this:
As others note, the real difference shows up in the levels of disposable income for the individuals. The poor and middle class have less disposable income than before, while the rich have more disposable income than before. This is due to tax cuts for the rich and increased burdens on the poor and middle class. Is it really due to that? How do you know?
This is why the economy is not recovering at the bottom economic levels. How do you know that's why?
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PaulK Member Posts: 17919 Joined: Member Rating: 6.7 |
quote: Unless you attribute the increase in income to the decrease in rate, we can at least say that the contribution is less than it would have been without the decrease.
quote: And if you read the source you will see that that is mostly due to increased income. Which really doesn’t fit the narrative of the poor oppressed rich.
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New Cat's Eye Inactive Member |
Should Walmart pay a living wage or should they pay a starvation wage, encourage/train/school their workers to get medicare, housing assistance and food stamps so they can pocket the difference and we basically subsidize that behavior through paying the government assistance programs with out taxes? Is that the kind of "resource" you think needs to be protected, treasured, nurtured and encouraged? The solution to the WalMart problem is to stop spending your money at WalMart, not using the federal government to force your will upon them.
Why should rich people get to decide what their salaries are, when a democratically run corporation can make those decisions in a way that supports all the workers equitably. Nobody is stopping you. Go start your company and get to work.
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New Cat's Eye Inactive Member |
Unless you attribute the increase in income to the decrease in rate, Do you?
And if you read the source you will see that that is mostly due to increased income. Yeah, so all this about the massive shift from the change in the rates is off.
Which really doesn’t fit the narrative of the poor oppressed rich. That ain't my narrative.
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PaulK Member Posts: 17919 Joined: Member Rating: 6.7 |
quote: Partly. If you can influence your salary there is a stronger motive to award yourself pay rises when the tax rate is lower. So for company Directors and CEOs and some other high level officers, maybe. But that isn’t the whole story, even there. So in my view the tax burden has been shifted from what it would have been.
quote: See above. And remember that we’re still only looking at a part of the picture.
quote: Seems to be the main point of complaints about the tax burden.
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Taq Member Posts: 10304 Joined: Member Rating: 7.3 |
Coyote writes: If the "rich" leave the taxes they pay will have to be paid by middle and lower income folks. Don't forget that the rich pay a huge percentage of the income taxes. There are still plenty of rich people who will stay because they can keep making tons of money in the French economy. The rich people who leave will be replaced by people who are willing to make the same salary and pay those taxes. When a doctor leaves there is a spot left open for another doctor.
I'd think that folks would treat them as a resource to be protected and nurtured rather than as enemies. They are treated as resources and are protected by massive spending on infrastructure, copyright protections, and public education that supplies good workers. Edited by Taq, : No reason given. Edited by Taq, : No reason given. Edited by Taq, : No reason given.
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LamarkNewAge Member Posts: 2497 Joined: |
quote: The income federal tax rate (which only covers about $1.5 trillion in $3.5 trillion federal budget, and even smaller percentage when state and local tax rates bring total USA budgets to around $5 trillion per year) for the top 1% is 27% roughly. The bottom 50% pay about 3.45% it seems.
Summary of the Latest Federal Income Tax Data, 2016 Update | Tax Foundation
But it does not count all taxes (especially as state and local tax rates are much flatter, plus lots of regressive taxes like sales tax rates). Payroll taxes take in almost as much as the federal income tax, so that makes the federal rates closer than the income tax alone would indicate. Even in New York, the average rate would be around 40% for the top 1% when all taxes are counted. New York City plus New York state have the highest combined income tax for the top 1%.
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LamarkNewAge Member Posts: 2497 Joined: |
quote: Don't confuse the "race to the bottom" effects with the actual economic climate taxes would have if we all had to pay the same rate depending on whatever state we lived in (for example: a world government with a uniform world tax rate). Right now, the game is rigged. In favor of lower income taxes. Montana, Oregon, Delaware, and New Hampshire have a zero percent sales tax. But businesses can't benefit from setting up shop in those states (which have higher income taxes than your average state - MINUS New Hampshire, which lacks that tax too) because the federal government won't allow the businesses to benefit from the zero percent sales tax rate when online buyers send money to a business in those states. It requires the state a person lives in to dictate the sales tax (which the state gets). There would be a race to the bottom in sales tax rates if the game wasn't rigged in favor of a race to the bottom in income taxes. And California is attracting higher income people way over Texas. Other issue. I wanted to talk more about the (no co-pay!) single payer issue too. Interesting issue as California could very well see just 12% of its Gross State Product go toward healthcare spending, if a measure with price controls was implemented. A cost control type of plan was detailed in the June 21 L.A. Times and the total cost would be about $331 billion a year max. About 12% or 13% of the gross state product. The rate in Texas is more like 17% or 18%. I lost my L A Times issue that detailed it though.
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LamarkNewAge Member Posts: 2497 Joined: |
California is moving higher and higher in income.
With high taxes.
quote: Look at the Gross state product. GDP$2.603 trillion (2016) Very high. Health Care spending will be $370 billion in 2017 About 14% of California GDP. Not 18% as this article states. CA Bill Proposes Free Health Care for All, but Has No Funding Plan – PJ Media
quote: 14% Not 18% Facts matter. Lots of other bad numbers from critics of single payer are repeated endlessly. But, I will be that this policy (if implemented) proves your economic theories wrong.
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LamarkNewAge Member Posts: 2497 Joined: |
quote: But, what if everybody were made richer? It would bring in more income tax revenue, right? Can't that be part of the debate instead of simply assuming that everybody is out to rip rich people off? I look at it like this: Imagine if every person had a nurturing environment that rich kids benefit from.Then imagine what kind of grown ups we would have today. Then ask ourselves if all kids are natural born parasites. Then ask ourselves if the debate over government policies misses the point when we assume that individuals are parasites while they struggle to learn, survives, and thrive. But, back to real world policy. Would health care policy count as an investment (which pays returns?) or just a luscious give away for the poor? What (government) costs are justified? Would a massive "free stuff" plan be as bad if the costs were lower than a certain amount? Would every Californian being automatically covered (with no paperwork or difficult signing up requirements) metabolically "free the mind" (so to speak) and souls of Californians to concentrate on their careers and work as opposed to obsessing over getting a cancer or infection taken care of (and going through the endless maze of coverage rules, which often require reducing income and quitting jobs)? What about plain human rights. Look at this. Semi private single rooms at nursing homes cost about $100,000 a year now. Semi private rooms with a roommate at a nursing room cost about $90,000 a year. Assisted living rooms cost $48,000 roughly a year. Medicaid will cover the costs if assets are low enough. The elderly (in the later years) are a major source of burdensome government expenses (especially as Medicaid is concerned), but would we be better off without the expenditure? I think society (as well as the families) is better off, but the cost to benefit ratio to the economy is not going to cause a particularly justifiable expense to taxpayers (unless the argument can be maid that the hurt the loved ones suffer from will drag down economic output). I think we need to see health care as a human right. Medicaid doesn't cover mouth infections in most states (it is "dental" until the infection spreads to - for example - the brain, and a Maryland male on Medicaid couldn't afford to pay out-of-pocket for his gum infection SO HE DIED FROM A BRAIN INFECTION) What about human rights? Here is google links on the California "free stuff" debate. california health care free stuff no co-pays - Google Search Then health care spending by state. health care spending costs by state - Google Search California's budget is in deficit because lower income people aren't paying quite enough it seems. california state budget revenue - Google Search two articles critical of California health care. California’s single-payer plan costs $400 billion twice the state’s entire budget - Vox California’s single-payer plan costs $400 billion twice the state’s entire budgetThe state’s ambitious bid to establish a single-payer health care system has a hefty price tag. then California's Single-Payer Health Care Plan Would Cost More Than the State's Whole Budget California’s Single-Payer Health Care Plan Would Cost More Than the State’s Whole Budget Like in Colorado, New York, and Vermont, California is learning that a single-payer plan would be prohibitively expensive. Eric Boehm|May. 23, 2017 2:45 pm I still think we should look at net economic benefits of a policy. And not accuse people of being parasites for just wanting to survive the thousands of things that break down and kill the body.
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Coyote Member (Idle past 2367 days) Posts: 6117 Joined: |
I agree that letting everyone become richer would be a good thing-- maybe lowering taxes for everyone and removing some of the disincentives to earning more would help.
But if Calif. enacts free healthcare for everyone, how many of the nation's critically ill would move there? "There ain't no such thing as a free lunch."Religious belief does not constitute scientific evidence, nor does it convey scientific knowledge. Belief gets in the way of learning--Robert A. Heinlein In the name of diversity, college student demands to be kept in ignorance of the culture that made diversity a value--StultisTheFool It's not what we don't know that hurts, it's what we know that ain't so--Will Rogers If I am entitled to something, someone else is obliged to pay--Jerry Pournelle If a religion's teachings are true, then it should have nothing to fear from science...--dwise1 "Multiculturalism" demands that the US be tolerant of everything except its own past, culture, traditions, and identity. Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other points of view--William F. Buckley Jr.
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RAZD Member (Idle past 1666 days) Posts: 20714 From: the other end of the sidewalk Joined:
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The solution to the WalMart problem is to stop spending your money at WalMart, not using the federal government to force your will upon them. Curiously I haven't shopped at Walmart in decades, but they are still using my tax dollars to subsidize their profits by getting/teaching/encouraging their workers to file for medicaid, food stamps and housing assistance, so no, your plan does not work. RI passed a minimum wage bill that is in the process of raising it to $15/hr over the next couple years. Walmart left the state. Good riddance. Where they were we now have a new company paying better wages. Imagine that, my plan works.
Nobody is stopping you. Go start your company and get to work. Again, having my own company has had negligible effect on large corporations getting handouts from the government and paying next to no taxes due to loop holes and off-shore accounts. Again, your plan is not working. Got anything that actually works? Enjoyby our ability to understand Rebel☮American☆Zen☯Deist ... to learn ... to think ... to live ... to laugh ... to share. Join the effort to solve medical problems, AIDS/HIV, Cancer and more with Team EvC! (click)
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New Cat's Eye Inactive Member |
Curiously I haven't shopped at Walmart in decades, Not just you personally, the collective you, i.e. all of us. Last time I was in a WalMart it was packed.
Again, having my own company has had negligible effect How many employees do you have? How do you go about democratically running your company so that decisions are made that support all the workers equitably?
Got anything that actually works? I'm not the one trying to solve the problem. But I understand that there are jobs that don't provide enough value to be worth a livable wage.And that forcing compliance to your ideas via federal regulation is morally wrong. I'll just go with the status quo until someone convinces me they have something better.
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LamarkNewAge Member Posts: 2497 Joined: |
Coyote said:
quote: Medicaid is already 100% free (though New York has a Medicaid program that allows certain people - with higher incomes than beneficiaries typically have - to pay 50% of the cost with the program covering the other 50% PLUS Iowa and others require a 20% co-payment for ObamaCare expansion beneficiaries), but how to qualify? Here is how to qualify for free nursing home funding.
quote: RAZD talked about how Wallmart actually slows the economic growth of the nation by holding down wages so Medicaid can be avaliable for its employees. Remember that this company has 1.5 million plus employees - about 1% of the workforce. Here is RAZD in his own words:
quote: Back to Coyote again. The critically ill don't need to move to California. The issue in California isn't about helping the "freeloaders". It is about freeing the economy for growth. No need to SPEND DOWN assets to qualify for Medicaid. No need to HOLD DOWN wages (growth!) to qualify for ObamaCare subsidies and/or Medicaid. The government of California (and with the Federal government which pays a lot of this 65%) already spends about 65% of its 13.5%-14% GDP percentage for healthcare. NOW. About 9% of the California GDP is already paid for by the government for healthcare. The single payer plan (if it involves certain cost control measures) will run from 12.3% to 12.7% of the California GDP to operate. The other 3.5% or so will need to be covered by taxes. But that is the static analysis. The situation will be dynamic. Understanding the dynamics of the economic situation, imagine the economic growth that will come when WORKING PEOPLE come to the state (to contribute!) for the healthcare system (among other reasons). That is just the in migration issue. Don't forget the further "dynamic scoring" factors to consider, and I'm referring to the benefits of cheaper healthcare leaving lots of additional money in Californian's overall pockets. Look at all the leftover money the citizens of California will have to spend on all sorts of economically boosting products, services, events, traveling, etc. This is pro growth all around. Economic dynamite. Edited by LamarkNewAge, : No reason given.
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Taq Member Posts: 10304 Joined: Member Rating: 7.3 |
LamarkNewAge writes: The government of California (and with the Federal government which pays a lot of this 65%) already spends about 65% of its 13.5%-14% GDP percentage for healthcare. NOW. About 9% of the California GDP is already paid for by the government for healthcare. The single payer plan (if it involves certain cost control measures) will run from 12.3% to 12.7% of the California GDP to operate. The other 3.5% or so will need to be covered by taxes.
The amount California is paying in healthcare will go up if very sick people move to California to access free healthcare. The very sick are usually not employed or retired, and they make up a large percentage of overall healthcare costs in any system. Something like 85% of your lifetime healthcare costs occur in your last 5 years of life. This was the problem with the ACA markets. They were burdened with a disproportionate number of sick people. The same could happen to California if they don't use rules for acquiring residency, or something of the sort.
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