80% tax rate Means prosperity

Very good post. Im new here in NY and I found out that a lot Hispanic and african American live pretty well doing nothing... People here in NY gets Housing, Food, salary and even furtinure if they don't have a job. Most people from Puerto Rico here in NY don't work and live like kings (Flat TV, Jordan Nike, Iphone etc) and a lot of these people exchange their social benefits with their next grocery store for cash. at discount. A BIG mafia in every expresion of the word.

Ultra Rich paid next to nothing, But their volumen is so huge, that its a very good income for the government. And small-medium business owner paid whatever they want to pay. So, the Blue collar employers are the ones that has been violated day in day out since the creation of the IRS.

From My point of View, the problem in America is no the taxes. Their problem is that their Tax Code has been son complicated for so long, that has become so inefficient... If they manage to simplify the tax code, eliminated all those socialist entitlement (I read that 80% of the US debt goes to welfare programs) America will become more competitive.

If they raise taxes on rich and prosperous people, they just have to pass that cost to consumer and at the end, the middle class will suffer (this is what happen in europe for so long).

Tax is an a oppression, period.. The system is desing to educate us to become dependant of the Goverment.. Back in the days, the washington was afraid of its citizens, Today, The US citizens are afraid of their Government.

Beaurocracy is Not the answer for the american problems. beaurocracy Is the problem.

Another thing I notice as a Inmigrant, is that the european Inmigrants wants to become an Americans! But the Hispanic Inmigrants, they want to import their ideology.. I think that the US should make the English and the American Culture a mandatory law..

Again, sorry for my english.

But this is utopic in today world.

 

1980-2012 is a debt ponzi. 1896-1932 is also a debt ponzi. If what you're syaing is true , Republicans create debt ponzis. But I think your trolling, you conveniently pick dates right before depressions, as if to say republicans cause depressions. 1940-1980 is the normal status quo = low credit expansion.

 

You can't argue with this. Because you can't. It's an anecdote from 40 years ago. Impossible to refute whether it's true or not.

I doubt tax evasion went down or went up significantly over the years. I see alot of tax evasion currently too.

 

the dot com bust didnt do damage because credit expansion continued due to the housing boom. There was never actually a drop in credit expansion growth.

 

Yet during those 2 periods the US experienced the biggest bubbles build ups in history. Especially the 90s tech bubble and the real estate bubble in 00s. Regardless of that, innovation never stops and entrepreneurs keep supplying us with prosperous inventions and opportunities.

I see these years way different.

I see a triumph from democracy over empires. At least an important step. A better world was born after VE in Germany and Japan in 1945. Huge Medical and all kinds of new inventions were possible. Our space age began. Economies and business thrived everywhere.

 

No I am no Socialist. I already lived through that BS. However, I do believe there is a lot the US can learn from Europe and vice versa.

When the cold war was hot it was easier to reject anything social in the name of capitalism vs communism. Since 1990 there is virtually no more ideologic, economic and military wars between communism and socialism.

However, to keep the wheel going we need a new enemy. Now Europeans are “Socialists”, virtually just a step away from communism.

How then did England, France and Germany championed the fight against communism when they seem virtually the same to us???

Please follow some common sense here. We are doing many things wrong here in the US. We have too much government where we need little of it and vice versa.

Also not all Europeans are created equal. Same here.

The same difference between Houston and Detroit exists between Berlin and Athens.

 

"
However, to keep the wheel going we need a new enemy. Now Europeans are “Socialists”, virtually just a step away from communism. "

"Please follow some common sense here. We are doing many things wrong here in the US. We have too much government where we need little of it and vice versa. "

your writing is mostly blather.

the american people have sold their souls in exchange for government benefits, which will prove to be illusionary, because they will bankrupt the country. as long as the rest of the world is willing to lend to the US living standards are maintained under an ever increasing mountain of debt. the market is now forcing europeans to face their debt mountain. the US and $US has a respite because of the euro crisis. once that passes the $US will follow its long tern downward trend and US standard of living will drop precipitously.

"we have met the enemy . the enemy is us."
author unknown

 

There seems to be an inability to separate the issues around here, which is the usual behavior when these things come up.
Three things are being juggled, when only one is up for discussion:

1 - A progressive tax structure, which is the actual subject of the OP.
2 - High taxes, which is an entirely different thing. You can have 1 without this.
3 - High spending. Once again, you can have 1 without this.

Considering our guy likes Austrians, I don't think he's advocating for 2 or 3.

 

you are right. my response was not conductive to furthering discussion of progressive tax which is the premise of this thread

 

Lets see if this makes sense to you.

The US is the biggest socialist country of all. Instead of practicing socialism from the bottom up we do it from the top down. Call it corporate welfare or whatever you want. This works best when you create big oligopolies and name them “TOO BIG TO FAIL”.

This is a system where gains are privatized and loses socialized. It takes 10,000 pages of law paperwork to buy a pencil. But it took only 700 billion “to save wall street” in 3 pages. One of the sentences prohibited such law from ever being reviewed by any court of law or administrative agency. Makes me think about socialism.

I called it corporatism, partnership with the government to use state means to enhance a firms changes to capture a bigger share of the market.

We have one of the most generous retirement benefits for all public “servants”, at ALL levels of government. Yet our soldiers struggle when coming from the front.