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As for the auto industry... it has big entry barriers. Name one new car brand put on the market without goverment help or the massive investment of a billionare...say with in the last 3 decades.
No. A free market is a market where buyer and seller negotiate the price of a good, and should have full knowledge of all issues. This way you would get a true free market. Once you remove the full knowledge bit, and add just one tax or regulation, then the buyer and seller can not get to the true market equilibrium.
However for the sake of argument we can say free market is what we have in the US and Europe, because supply and demand are some what used in determining prices.
If there has never been a free market then how is it possible that they could have failed? By your own logic we cannot know if free markets are good because there has never been one.Never said that and I dont deny that "free markets" are better. I did say there is no such thing as a free market, that all markets have some goverment intervention.. well maybe hookers dont
No, it shows the free market is not as good as it should be. "The free market is often slow to react" If free market was so perfect, then the free market would long ago have made more fuel efficient and less polluting cars, but it did not.. goverment had to step in and force companies to do so.
Here is the problem. You keep saying politically possible but that does not mean it is the most efficient or even beneficial program. Subsidies and price controls and ceilings are on the whole bad for economic welfare. Why should taxpayers pay because a business cannot compete. Why not let them not pay taxes for that and purchase from the cheapest producer. "Everybody wants fair competition for everybody else, but not for themselves" (Milton Friedman). It may benefit farmers, it does not benefit the whole.Yes subsidies are "bad" in one way, but also "good" in another way.
You are still missing the point. As they opened up to the free market, they have seen more growth. Hong Kong proves this. (Granted there are certain things needed for capitalism to fully suceed.)They have opend up to trade on their terms and those terms are not free market....
"Hong Kong became an economic success and a manufacturing, commercial, finance, and tourism center. High life expectancy, literacy, per capita income, and other socioeconomic measures attest to Hong Kong's achievements over the last five decades."Okay, go read a history book. Hong Kong has been one of the financial capitals in the world for over 100 years. Under British rule it flurished.
lol Yes and what economist would say that those costs will be outweighed by the benefits.Acutually there is. The Euro launch. Cost billions in changes from everything from cash registers to vending machines and its the same principle.
Yes but many companies use a 3rd party expert to do thier payrolls and hence their payroll tax. This limits the costs quite a bit.
To the normal consumer? Does that mean that the prices on the shelves in Walmart can be written without various taxes.
Well, they wouldn't have to change their advertising because they don't have to post the price with tax. Computers are generally interconnected on networks for firms, thus changing the tax is rather easy.Yep, many, but not all. And its not just cash registers is it now? Computer systems of various kinds, vending machines, billboards, advertising and so on.
I am not saying they "suck," just to clarify. What evidence supports them outperforming the U.S. in certain areas? "Their per capita national income is about 30 percent lower than ours. " This is a washington post article talking about finland. This indicates that the U.S. economy seems to have better paid workers or that workers take home more.And you base the last comment on? If you look at the most "socialist" countries in Europe, they are in fact matching (some even outpreforming) the US on many fronts, which is kinda funny. I dont deny that some European nations suck in some areas of managing their economies, but we Europeans have different priorities than Americans when it comes to such things. That dont mean the economies "suck", just that they are different.
I am saying the government should not deal with those who do not save up. I am saying that charities can deal with it where people freely give money. I do not believe they should be forced to do it.I understand it fully and I agree the goverment should have a small as possible role in telling people what to do with their money. But we also have to be realistic. If it takes goverment ordered savings to make sure that the govmerment (and thats you and me too) in the future dont have to deal with massive amounts of old people who did not think to save up for their old age, or people who could give a rats *** about it... then I say force people to save. Its good for the economy in the long term and hence good for the nation as a whole. If this saving is done via the tax system or some sort of forced investment thingy... dont care, as long as its done.
That could be cultural differences. And the U.S. could learn a bit on saving in that sense. But doesn't this also prove that these consumption taxes, like the VAT, are having some effect?Nope, did not say European goverments.. I said europeans. We have lower personal debt rates and higher savings rates in general (which aint hard when comparing to the US).
What. The boom didn't happen as the result of "socialist ideas." In fact, most economies that have transitioned from socialism or communism have done better on the whole. The reason the U.S. economy boomed after WWII are many, but not because people had to pay more in taxes.I dont agree with that the US got along just fine. Maybe for the rich, but not for the majority of the population. Much of the economic "boom" happened after the "socialist" ideas of SS and others were implemented. One can debate what impact said ideas had, but I know in Europe they had big impacts.
No our belief in individualism comes from our belief in personal freedom. In every example of history, concentrated power has prohibited freedom. Putting too much money into the hands of the government constitutes such a concentration of power. I differ in that I believe people should people able to choose what to do with their life. It that is to be a consistent drug user, then so be it. If that is to be a rich tycoon, then go right ahead. The point is people should have the freedom to choose their own path. That is where I differ with your view. I do not think the government should be our nannies and is even efficient at doing so, I believe we should make our own choices, not the government.See this is where Americans and Europeans differ. You seem perfectly willing to have millions of poor starving people, just as long as its not your problem. Europeans see such things as societies failure and societies (with the goverment in a natural front role) to fix these problems. I am guessing it comes from out secular life, where chruch is not part of the equation anymore... something about 1000+ plus years of the church keeping the ordinary man down in poverty thing.
Yes I know the whole history behind SS.And what if they dont spend it on a retierment fund? Who will pay for them when they get old then? Or would you just have them put down because they cant pay their own way? Or leave them to starve on the streets.. you do know that was why SS was put in place in the first place right?
I am all for giving as much money to people as possible. However I will not sit around and pay for someone who could not be bothered to save, when it could have been avoided by forcing every single person to save X% of their income in one or several forms of saving.. heck they could even chose which, just as long as they saved for their old age.
If there has never been a free market then how is it possible that they could have failed?
By your own logic we cannot know if free markets are good because there has never been one.
The overwhelming majority of economists believe markets are efficient at arranging economic activity. I am not saying the market is perfect. Markets are rather reactive. We would not have such a wide variety of choices in everything from food to cars if the market did not react to the demands of consumers. Show me some cumalitve analysis that shows markets to be slower than government.
Firstly, more and more manufacturers are making fuel efficient cars and more "green" cars. So you're wrong there.
Secondly, they did not originally focus on this because gas was very cheap. However, as gas prices have gone up more and more of cars are being marketed as fuel efficient. The market is correcting itself.
The simple reason being that business owners want to make a profit and if they do not adapt to circumstances they will loose business.
Here is the problem. You keep saying politically possible but that does not mean it is the most efficient or even beneficial program. Subsidies and price controls and ceilings are on the whole bad for economic welfare. Why should taxpayers pay because a business cannot compete. Why not let them not pay taxes for that and purchase from the cheapest producer. "Everybody wants fair competition for everybody else, but not for themselves" (Milton Friedman). It may benefit farmers, it does not benefit the whole.
You are still missing the point. As they opened up to the free market, they have seen more growth. Hong Kong proves this. (Granted there are certain things needed for capitalism to fully suceed.)
No it doesn't. Everyone has to pay for that 3rd party to do it. If everyone is hiring a 3rd party then everyone is payinig for that service.
Yes, the price is placed without the addition of taxes.
I am not saying they "suck," just to clarify. What evidence supports them outperforming the U.S. in certain areas?
I am saying the government should not deal with those who do not save up. I am saying that charities can deal with it where people freely give money. I do not believe they should be forced to do it.
That could be cultural differences. And the U.S. could learn a bit on saving in that sense. But doesn't this also prove that these consumption taxes, like the VAT, are having some effect?
What. The boom didn't happen as the result of "socialist ideas." In fact, most economies that have transitioned from socialism or communism have done better on the whole. The reason the U.S. economy boomed after WWII are many, but not because people had to pay more in taxes.
No our belief in individualism comes from our belief in personal freedom. In every example of history, concentrated power has prohibited freedom. Putting too much money into the hands of the government constitutes such a concentration of power. I differ in that I believe people should people able to choose what to do with their life. It that is to be a consistent drug user, then so be it. If that is to be a rich tycoon, then go right ahead. The point is people should have the freedom to choose their own path. That is where I differ with your view. I do not think the government should be our nannies and is even efficient at doing so, I believe we should make our own choices, not the government.
lol. I don't know if that last bit on Church was suggesting Americans are relgious crazies but I imagine you're not implying that. hahahhaha. Ohh just and fair europe.
Who has horrible problems with racism. Just and fair europe where there is a good bit of xenophobia.
We all know that neither country or country is perfect, europe and the U.S. both have problems. If we want to talk about poor then who has the higer unemployment rates? European Unemployment - Introduction.
If we want to talk about countries as a whole, The U.S. citizen makes more per capita than nearly every country in europe. Luxembourg is the exception where a stamp pays for all government fees. It seems that in that instance a small government was beneficial. The point being, despite europe's supposed compasion, the average American is better off than the average european. Does that mean europe is bad, no. Europe has a strong culture and is very influential. But if we are talking economics the two just do not stack up.
But the problem is you are paying for everyone who may or may not save. You are being forced to pay. What i am proposing is that people be able to choose whether or not they donate the money.
Name any large scale corporation that has become a major industry leader without investing billions. Today we can buy cars from the koreans, japanese, germans and americans in the united states. Each of these countries has multiple corporations who all make cars. And the barrier to entry in the car market is purely because of the money needed to design a car, not because of government regulations. I suppose I should qualify my statement to mention artificial barriers to entry that are created by monopolistic or governmental influences.
Thats not what you said lol. You said it was easy for a new player to enter the car industry and having billions to invest is not "easy". Thats one hell of a barrier. Easy is setting up a mom and pop corner store, or starting a bake sale....High costs in gaining entry to a market, is a massive barrier. Thats why we dont see new power companies pop up all the time, because the costs involved on entry are huge and on top of that there is regulation.
Thats not what you said lol. You said it was easy for a new player to enter the car industry and having billions to invest is not "easy". Thats one hell of a barrier. Easy is setting up a mom and pop corner store, or starting a bake sale....High costs in gaining entry to a market, is a massive barrier. Thats why we dont see new power companies pop up all the time, because the costs involved on entry are huge and on top of that there is regulation.
Flat tax is what is fair, and you all know it.
If we could all earn money in a fair equal system, I'd agree. But unless you can tell me with a straight face that its not easier to make money with money that without , I will disagree.
In our system, anyone can make money, and anyone can use that money to make more.
Everyone is using the same system, so the system is fair.
If you have money, you can invest it in a business and see a return, anyone can do this, and anyone can make investment capital.
Gates is the richest, and came from nada.
In our system, anyone can make money, and anyone can use that money to make more.
Walton was nobody, til he reinvested his corporate profits in buying his own trucking lines
By working 70 hour weeks, I can reach the 28% bracket. I value money, but also value free time. Your progressive tax plan has influenced my decision making just enough to value my free time more.
Why should we be promoting seventy-hour weeks? Working that many hours leaves you no time to pursue your education, raise your family, create art or play sports; it leaves you no time for culture.
Or, to put it in economic terms, it leaves you no time to spend your money... which is what everyone else needs to continue being paid for their jobs.
This has nothing to do with promoting 70 hour work weeks. Government shouldn't be in the business of promoting the duration of work weeks anyway The initial poster tried to paint a progressive tax plan as a fair one, when it isn't.
You are taxing people more because they work more. Instead of simply taxing the fruits of their labor, you are actually taxing their effort.
As for time, 168 hours in a week - 56 hours sleep - 70 work. That leaves 42 hours for other activities. I have the rest of my life for other interests (or I would if it weren't for this 'fair' progressive tax).
You bring up an excellent point. Progressive taxes inherently tax one for taking up a more demaning job or working more hours. It also has the effect of discouraging married women to work, the reason being that they file their taxes jointly. For all that extra income they make they are highly taxed. But whether its a progressive or regressive tax, any way you put it, when our taxes high everyone suffers the a deadweight loss.
You are taxing people more because they work more.
No, we're taxing people more because they make more money. This means that they can afford more in taxes, because they have to spend a smaller portion of their income on necessities.
I work sixty hours a week now and I'm still below the federal poverty line. Do you honestly think that someone who is working forty hours a week in an office, and is thus making three or four times my income, is working harder than I am?
... I have made significant sacrifices to my life in order to be highly paid. Do those sacrifices also mean I have to foot a larger piece of our joint "obligations"? I don't believe they should.
However, the fact is that there are certain reasons one is paid more than someone else.
Hmm , do you mean to say that those with the higher incomes have benefited the most from our government and its various policies therefore they should pay more? If it is what you are saying that is perhaps the best point I have heard in today's debate. TI certainly do not intend to dismiss the sacrifices you've made for your career.
However, it's not your sacrifices that mean that you should carry more of our societal burden; it is your sacrifices that have allowed to enjoy a larger share of our prosperity, and it is your larger share of society's wealth that obligates you to carry more of the cost.
Yes, there are. And I am not disputing that this is the case, or that differences in pay are justified-- because I believe that some jobs absolutely should be paid more than other jobs. Including the majority of jobs that are paid more than mine.
The only thing I am disputing is the claim that people who make more money "work harder" than people who make less money, not only as a universal statement but even as a reliable rule of thumb.
As a parting shot, though, I would like to remind you that people who are paid more for their work-- and are thus required to pay more in taxes-- still have more take-home money than people who were paid less. They are still profiting from their extra effort, expertise, or marketability; they still have proper economic incentives to perform to the best of their ability.
Hmm , do you mean to say that those with the higher incomes have benefited the most from our government and its various policies therefore they should pay more? If it is what you are saying that is perhaps the best point I have heard in today's debate. T
Those that benefit the most are those using the most services while contributing the least amount of money towards those services.
Perhaps it is arrogance, but I attribute my success to my hard work and sacrifice (and a bit of good luck), not to government programs.
That is a basic philosophical disagreement. I don't think we can reconcile this point.
It's not arrogance at all. It is the just and proper pride of a man who has made something of himself; I believe that pride to be a necessary factor in human acheivement.
However, I believe you are wrong to discount society's role-- not just government's-- in your success.
Those at the higher end of the tax rate feel those at the lower end are taking advantage of the democratic process to shift the burden away from them.
Those at the bottom feel those making more money have more opportunity and should pay a heavier burden because of that opportunity.
ARealConservative said:The arrogance I alluded to is the feeling I have that regardless of the social or political climate, I would rise to the top of what ever system I found myself living in.
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