OK, getting back to the real world, rather than what looks good in theory, a very good real world solution would still get us back to payroll taxes. I've posted this before, but one more time: eliminate the upper limit on both the employer and employee side of paying into SS. Then lower the rate overall. Little noticed is the fact that your local neighborhood supermarket, landscape guy, roofer, etc., has to pay the full SS tax for every employee. Goldman Sachs, OTOH, doesn't, because they have a large number of very highly paid employees, so for them the employer side of SS is a much smaller cost than it is for a more typical enterprise with only a very few or even no employees who are paid more than the SS limit. This would mildly decrease the cost of hiring the next employee and lower the cost of keeping the ones you already have, for most enterprises. So, lowering the corporate tax rate overall could be tied into raising the overall contribution to SS from enterprises with lots of highly paid employees. You'd lower both corporate and payroll taxes for the smaller companies, while raising taxes for larger companies with lots of highly paid folks, and make hiring the next employee a little less costly for most enterprises. That would make good economic sense.
Actually communism doesn't look great in theory, and I'm surprised that Hayman, a self described PhD in economics would even make a contention like this.
I forgot who we're dealing with in the real world. Time to stop wasting time on trying to teach pigs to sing.
Ah, Jeff, guess I caught you on a bad day, Bubba. I knew I'd get a rise out of ya. Tell me, do you just look for posts where you can be condescending and downright nasty, or was I just pot luck. To the rest of you, thank you for some thought-provoking dialog.
Nah don't worry about it. There's just a too many bullshitters out there like yourself, the boards have enough bullshit, and we don't need ill informed poseurs like you muddying the waters with garbage and disinformation. You've been caught, outed, and will hopefully move on.
I'm as much as fault as you for replying to your drivel, but may I suggest that an anger therapist may be in order for you. Also, I don't recall asking you to read or reply to my post. Try controlling your outbursts; you may get a bit more out of life.
You'll never do well as a speculator as you missed the gestalt of what I was saying and cannot see the forest for the trees. Maybe you ought to go back to real estate. I'm not angry at all, I just hate bullshit, and you're a bullshitter, pure and simple. Finally, I get plenty out of life, and my happiness is at an all time high. http://masteroftheuniverse.wordpress.com/