Post #319,789
1/8/10 11:09:36 PM
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AngryBear: The Psuedo Psychology of Psupply Pside
http://angrybear.blo...supply-pside.html
[...]
In reality America doesn't tax work either in its scientific or more normal sense, we don't tax people at X pennies/Joule, instead we tax consumption or income or property, none of which have any necessary connection to actual amounts of work or for that matter skill, a Trust Fund Baby gains income and consumes things based on income and capital accumulation done by other people. So if the income tax doesn't tax work, what does it tax? And what are the logical consequences of that? For an impressionistic answer follow me below the fold.
[...]
(Emphasis added.)
Exactly.
An interesting read.
Cheers,
Scott.
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Post #319,794
1/9/10 7:46:23 AM
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was a study done eons ago
tax costs(work) not profit the socialists hooted it down
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Post #319,796
1/9/10 10:39:21 AM
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Eh?
How would you define "work" in a way that couldn't be gamed to the point that it was meaningless? AFAIK, the left is often in favor of some form of a VAT.
I haven't seen what you're referring to, but taxing "work" returns one to the problem with those who already are of the opinion that "I got mine". What about the wealthy who have huge assets (much of which has accumulated without yet being taxed) but not necessarily huge incomes?
See, e.g., the battles over the Inheritance Tax, and Carried Interest - http://en.wikipedia....est#United_States
Cheers,
Scott.
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Post #319,801
1/9/10 12:38:37 PM
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Which is why we don't do that
How would you define "work" in a way that couldn't be gamed to the point that it was meaningless?
Which is why we don't do that. One thing too many people fail to understand is that in a tax system, simplicity is a virtue because simpler systems are harder to manipulate and easier to understand. One of the reasons a lot of people like the idea of a VAT is because it's harder to game the system then our current one.
Jay
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Post #319,809
1/9/10 5:31:39 PM
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tax costs of production
not profits. Since everyone currently inflates costs to minimize taxes owed it would work in reverse, the goal would be to minimize cost and introduce efficiency. At the retail level the cost basis is at the point of sale so that percentage is collected there.
Yes this will never work for those who believe one doesnt have assets, only a loan from the government but for everyone else it may be useful
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Post #319,811
1/9/10 6:49:12 PM
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Yeah, I remember the days of "cost plus 10%" contracts.
Hooo boy did they make some nice equipment back then. Nothing like the junk made since McNamara introduced "efficiency". Yes, it was expensive, but it worked, and it lasted.
Taxing cost will simply make consumer products more "efficient" then the barely usable trash we get today, and in even flashier packaging (to compensate for the lack of quality).
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Post #319,844
1/10/10 4:49:38 PM
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Re: tax costs of production
That'll continue the movement of jobs out of the US to third world countries even faster than today's current pace.
"Chicago to my mind was the only place to be. ... I above all liked the city because it was filled with people all a-bustle, and the clatter of hooves and carriages, and with delivery wagons and drays and peddlers and the boom and clank of freight trains. And when those black clouds came sailing in from the west, pouring thunderstorms upon us so that you couldn't hear the cries or curses of humankind, I liked that best of all. Chicago could stand up to the worst God had to offer. I understood why it was built--a place for trade, of course, with railroads and ships and so on, but mostly to give all of us a magnitude of defiance that is not provided by one house on the plains. And the plains is where those storms come from."
-- E.L. Doctorow
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Post #319,850
1/10/10 5:29:24 PM
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naw, you have a rising cost of fuel
be cheaper in many cases to keep it here. Furniture making is returning to north carolina because of shipping
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Post #319,860
1/10/10 9:08:24 PM
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Not quite yet...
Grand Rapids hasn't seen a come back in the furniture yet.
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Post #319,942
1/12/10 4:42:59 PM
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Re: naw, you have a rising cost of fuel
From today's Chicago Sun-Times:
Factory-job losses among worst in 98 yrs
A publisher of industrial directories said Monday that losses in factory employment in the Chicago area are among the steepest it has seen in 98 years of compiling data.
Manufacturers' News Inc. said Chicago has lost 8 percent of its industrial jobs since late 2008, bringing the total number of jobs to 114,092. Over the same period, it said, industrial employment fell 6 percent in northeast Illinois, to 593,370 jobs.
Statewide, 51,925 jobs and 709 companies have been lost since late 2008, the publisher said. It reported Illinois now has 854,081 industrial workers at 20,079 employers. Twenty years ago, its database had 1.1 million industrial jobs in Illinois.
Tom Dubin, president of Manufacturers' News, said the recession has worsened employment declines that already were occurring because of automation and the relocation of work overseas.
source: http://www.suntimes....ndustry12.article
"Chicago to my mind was the only place to be. ... I above all liked the city because it was filled with people all a-bustle, and the clatter of hooves and carriages, and with delivery wagons and drays and peddlers and the boom and clank of freight trains. And when those black clouds came sailing in from the west, pouring thunderstorms upon us so that you couldn't hear the cries or curses of humankind, I liked that best of all. Chicago could stand up to the worst God had to offer. I understood why it was built--a place for trade, of course, with railroads and ships and so on, but mostly to give all of us a magnitude of defiance that is not provided by one house on the plains. And the plains is where those storms come from."
-- E.L. Doctorow
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