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80% tax rate Means prosperity
- Thread starter jueco2005
- Start date
Quote from MKTrader:
Again, these "super high" rates were largely a myth that existed on paper only.
If we had the confiscatory rates you suggest, how do you suggest the taxes be wasted? More transfer/handout programs? More military spending? Huge goat rope infrastructure projects where most funds are wasted on administration and employees who do little to nothing?
I disagree with your assertion and recommendations.
I still think one important way to start fixing things is to increase marginal taxes. Possibly using the same rates we had before our charismatic Reagan appeared.
Quote from baro-san:
... Socialism was practically proven not to work. This is the reason of current financial and economic problems both in Europe and US. Governments will never be able to manage economy and money for long term prosperity. Not everybody who has a brain uses it properly. ...
I don't know much about socialism, having been born and raised in what seems to be the most capitalist country the world has ever known. But I wonder how you can reach such a general conclusion without ignoring the plainly very successful socialist countries of say, Netherlands, Germany, Finland, Denmark, and Norway -- to name a few. By comparison, the very capitalist country of the United States would seem to be doing worse, by many measures, than these much more socialist countries. In fact, using the U.S. as a basis for comparison, even countries such as Canada and Australia seem rather "socialist" ; yet they seem to be doing rather better than the U.S. What am I missing?
There are different ways to look at history.
You fail to respond to my main point and consider the most salient historical point of view, the view of americans living at the time. The elected Kennedy on a tax cut platform to stimulate the economy. Talk out your ass all you want about how great it was, but the people who lived it disagree with you.
Home prices were 1 to 1 the average annual income of a family. Today it is 3 or 4 times that at best.
If you are going to just make shit up then say so. I thought maybe you were intellectually honest. People here where I live can buy a 1500 sq foot home on 1/3 acre for 100K, just like the 50s...
In 1950 a new house cost $8,450.00 and by 1959 was $12,400.00 More House Prices
In 1950 the average income per year was $3,210.00 and by 1959 was $5,010.00
http://www.thepeoplehistory.com/1950s.html
You had maybe one âGREAT CARâ that could last decades. Today you have four wheels that wont last 10 years top.
'Great car' for decades? LOL That does it, I won't discuss anything with some dumb post-monkey who makes shit up.
Quote from Mav88:
You fail to respond to my main point and consider the most salient historical point of view, the view of americans living at the time. The elected Kennedy on a tax cut platform to stimulate the economy. Talk out your ass all you want about how great it was, but the people who lived it disagree with you.
If you are going to just make shit up then say so. I thought maybe you were intellectually honest. People here where I live can buy a 1500 sq foot home on 1/3 acre for 100K, just like the 50s...
http://www.thepeoplehistory.com/1950s.html
'Great car' for decades? LOL That does it, I won't discuss anything with some dumb post-monkey who makes shit up.
THIS IS THE LAST THING I WILL EVER REPLY TO YOU FOR BEING DISRESPECTFUL.
Get your US passport and go to Cuba. We have all 50s and 40s car driving down there. Try that with your ford focus.
Enjoy your prosperous times.
Quote from piezoe:
I don't know much about socialism, having been born and raised in what seems to be the most capitalist country the world has ever known. But I wonder how you can reach such a general conclusion without ignoring the plainly very successful socialist countries of say, Netherlands, Germany, Finland, Denmark, and Norway -- to name a few. By comparison, the very capitalist country of the United States would seem to be doing worse, by many measures, than these much more socialist countries. In fact, using the U.S. as a basis for comparison, even countries such as Canada and Australia seem rather "socialist" ; yet they seem to be doing rather better than the U.S. What am I missing?
Too bad Americans think America is the world. Traveling the world could prove to be an eye opener.
When I lived in Cuba I used to believe America was the next step before paradise and I believed so for the first few years living here. Then when I became a US citizen I got my passport and went to Germany to visit my family there. WHAT AN AWAKENING!!!
Quote from piezoe:
I don't know much about socialism, having been born and raised in what seems to be the most capitalist country the world has ever known. But I wonder how you can reach such a general conclusion without ignoring the plainly very successful socialist countries of say, Netherlands, Germany, Finland, Denmark, and Norway -- to name a few. By comparison, the very capitalist country of the United States would seem to be doing worse, by many measures, than these much more socialist countries. In fact, using the U.S. as a basis for comparison, even countries such as Canada and Australia seem rather "socialist" ; yet they seem to be doing rather better than the U.S. What am I missing?
A few thoughts:
1) For every soft socialist country you named there's a Greece, Portugal, Spain, Ireland, UK, etc. Moreover, Germany seems fed up with helping socialists outside their borders.
2) Of the countries you named (including Australia and Canada), all except Norway are listed in the top 30 of the Index of Economic Freedom. Four are in the top 15. So they're relatively free compared to the rest of the world.
http://en.wikipedia.org/wiki/Index_of_Economic_Freedom
3) None of those countries spend nearly as much as the U.S. (per capita) on their military forces . Nor are they trying to build/keep empires.
http://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures_per_capita
4) Unless you spent time in the U.S. before 1913, you don't know much about living in a true free market economy. If a gov't or quasi-gov't agency controls interest rates and money supply, the foundations of a free market are heavily eroded. In addition, the gov't (as measured by agencies/employees, regulatory oversight or almost anything else) has grown exponentially since then.
Quote from MKTrader:
A few thoughts:
1) For every soft socialist country you named there's a Greece, Portugal, Spain, Ireland, UK, etc. Moreover, Germany seems fed up with helping socialists outside their borders.
2) Of the countries you named (including Australia and Canada), all except Norway are listed in the top 30 of the Index of Economic Freedom. Four are in the top 15. So they're relatively free compared to the rest of the world.
http://en.wikipedia.org/wiki/Index_of_Economic_Freedom
3) None of those countries spend nearly as much as the U.S. (per capita) on their military forces . Nor are they trying to build/keep empires.
http://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures_per_capita
4) Unless you spent time in the U.S. before 1913, you don't know much about living in a true free market economy. If a gov't or quasi-gov't agency controls interest rates and money supply, the foundations of a free market are heavily eroded. In addition, the gov't (as measured by agencies/employees, regulatory oversight or almost anything else) has grown exponentially since then.
Thank you.
I usually tell people how some countries regarded as socialist score higher in the index of economic freedom. In fact, if you look in detail the only thing the US comes in 3 place is in the labor force; all because we do not have strong laws protecting workers. The rest is very shameful for a country who takes pride in being the leader of capitalism and economic development.
The biggest threat to national security is the fed itself. Central Banks makes us pay dearly for their mistakes.
Quote from jueco2005:
Too bad Americans think America is the world. Traveling the world could prove to be an eye opener.
When I lived in Cuba I used to believe America was the next step before paradise and I believed so for the first few years living here. Then when I became a US citizen I got my passport and went to Germany to visit my family there. WHAT AN AWAKENING!!!
You may not think the U.S. is the greatest, but for those of us who ran away from Stalin and Hitler, who had relatives murdered in GERMANY, who needed a place to go, it was either Israel or the U.S. The people of the U.S. are very generous. I appreciate this country and will forever be grateful for what it did for my family. Everyone likes to bitch and moan about what they don't like. But when push comes to shove and you need a place to go, the U.S. is still the place they all go to.
You can always go back to Cuba. I don't think the immigration process is that long!
Quote from JerryAdler:
You may not think the U.S. is the greatest, but for those of us who ran away from Stalin and Hitler, who had relatives murdered in GERMANY, who needed a place to go, it was either Israel or the U.S. The people of the U.S. are very generous. I appreciate this country and will forever be grateful for what it did for my family. Everyone likes to bitch and moan about what they don't like. But when push comes to shove and you need a place to go, the U.S. is still the place they all go to.
You can always go back to Cuba. I don't think the immigration process is that long!
By overlooking my word you misinterpreted the whole thing. Too bad you havenât read the whole post. You would have noticed I am like those fleeing from Hitler and Stalin. I am one of those who would forever fight and protect The United States of America. The thing is that I believe our worst enemy is a domestic one and very much American. The real threat to us in everyway is not a stupid fanatic hiding in a cave. However, as an immigrant I can not fight the enemy within; it is considered treason.
I can't go back to Cuba even if I wanted to. 12 years in the US I am already American and will live and die in this land.
Thanks anyways.