Quote: (03-10-2019 06:50 PM)zigZag Wrote:
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Consumption isn't access to capital because capital is needed to produce things. There is no value in consumption. The big value is in production.
Consumption is the mirror image of production, without consumption there is no production! Duh.
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The issue with your 0.1% tax is that the money is already taxed. It was taxed when they earned it. So you're saying to double or even triple tax people. That is a great way to have capital flee. It seems people who believe in parasitism never learn.
Fish in the water phenomenon, you've been conditioned to accept income and sales taxes and multi-layer taxing schemes at the individual level. Corporate tax rates are lower than individual rates, and loopholes more important, and capital gains rates are lower as well. Do you believe that Apple or Google/Alphabet pay tax rates that are in any way comparable to those of their average workers? Or that Goldman Sachs pays the same tax rates as a corporation as a secretary working there?!?
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Your "Bottom up" system is the dumbest thing i've ever heard tbh. You essentially give people money for what? Existing? All that would do is devalue the money. Consumers having money still isnt enough to cause production to rise. Cause those businesses would still need capital to expand.The value in the country is in production. That's why america is great. Production.
Actually, you're off, America for the last several decades hasn't been about production, but about outsourcing and gutting the industrial heartland, about scrapping healthy manufacturing operations in LBO schemes pioneered by the likes of Romney's Bain Capital and KKR, destroying the industrial base for profit.
The US is pretty unique in that way, other leading industrial powers like Japan, Germany or Korea don't have this kind of imbalance. The UK and France have fallen in the same trap, the former because of the disproportionate influence of the City over the country, and the latter because the country has been raped by globalists and the EU.
In the US, Wall Street has chosen capital over labor since the 1970s, generating profits at the micro level while destroying the macroeconomy and the livelihood of the middle class. Taxing capital is one way to tip the balance towards labor.
UBI as well is an out of the box scheme, an effective way to reverse that imbalance and to rebuild the economy from the ground up.