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Thread: Six Policies Economists Love and Politicians Hate
Fragony 10:08 07-24-2012
Originally Posted by HoreTore:
Nothing in return? Rich people get plenty in return. Some examples:

- the infrastructure needed to run a business
- an ordered legal system(see russia for an example of what happens to businesses otherwise)
- a rich supply of well-educated workers
- low crime, meaning they get to keep their stuff

Etc, etc.
So do all, needs a cap. It's unreasonable to think in percentages at a certain point, the point being the point where they have payed enough. They won't have to store their money abroad if you don't steal it.

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HoreTore 11:58 07-24-2012
Originally Posted by Fragony:
So do all, needs a cap. It's unreasonable to think in percentages at a certain point, the point being the point where they have payed enough. They won't have to store their money abroad if you don't steal it.
"Steal it"?

Let's take "random rich guy #1"s rise to wealth.

When he was born, his parents got free healthcare for the birth and subsequent medical care. His parents also got child welfare money to raise him. Then he got subsidized child care, allowing his parents to keep working so they could afford a proper standad of living. Then he got to go to a school without paying. He got higher education for free, he even got money from the state for doing it. Then when he started his business, it was subsidized by the government. His access to a safety net allowed him to take on the risk of starting up.

Yeah, taxation is sooooo like stealing.

The simple fat is that social mobility is higher in countries with higher taxation(and higher average wages). Which means that you have a higher chance of becoming rich if you pay lots of taxes. It's not the other way around.

And introducing a cap to avoid people taking their money to other countries is rather irrelevant, since with a cap there's no reason for us to have their money here.

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Fragony 13:49 07-24-2012
Originally Posted by HoreTore:
"Steal it"?

Let's take "random rich guy #1"s rise to wealth.

When he was born, his parents got free healthcare for the birth and subsequent medical care. His parents also got child welfare money to raise him. Then he got subsidized child care, allowing his parents to keep working so they could afford a proper standad of living. Then he got to go to a school without paying. He got higher education for free, he even got money from the state for doing it. Then when he started his business, it was subsidized by the government. His access to a safety net allowed him to take on the risk of starting up.

Yeah, taxation is sooooo like stealing.

The simple fat is that social mobility is higher in countries with higher taxation(and higher average wages). Which means that you have a higher chance of becoming rich if you pay lots of taxes. It's not the other way around.

And introducing a cap to avoid people taking their money to other countries is rather irrelevant, since with a cap there's no reason for us to have their money here.
Yes stealing it, with the police as hired guns when the socialism can't hold up it's own pants

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gaelic cowboy 14:29 07-24-2012
Originally Posted by Fragony:
Yes stealing it, with the police as hired guns when the socialism can't hold up it's own pants
I think you will find Horetore's point is that this fictional rich person has greatly benfitted from various subsidies and common goods due simply to the fact they were born in a western society.

Naturally these people become obssesed with denying others the same chance, which is essentially about ensuring there potential to make greater wealth. If more people rise to a certain level of income they are obviously required to increase there effort at wealth generation as opposed to relying purely on capital.

It's a sound strategy for the already wealthy as reducing the incomes of the less wealthy, middle class and working poor will result in a cheaper labour force which eventually feeds into asset prices. This allows them to control more assets easily and effectively force people to rent these assets from them.

Thats why no matter what country you go to from the USA to Sweden from Ireland to Argentina and any compass point in between the rich constantly complain about regulation, red tape and the lazy poor people.

Of course very few rich people want to live in an actual place that follows there creedo as that would effectively be Somalia.

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Fragony 17:52 07-24-2012
I am not into jealously. Some people are better of then me, I don't care. Good for them they are doing well. I don't feel I have any right on their money just because they have it and I don't

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HoreTore 18:22 07-24-2012
Originally Posted by Fragony:
I am not into jealously. Some people are better of then me, I don't care. Good for them they are doing well. I don't feel I have any right on their money just because they have it and I don't
Where on earth did I advocate giving some of their money to me...?

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Fragony 22:01 07-24-2012
Originally Posted by HoreTore:
Where on earth did I advocate giving some of their money to me...?
Isn't that what taxation really is

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