Taxes and productivity?

[CHL]

Or the more you disincentivize earning more money. Nobody would do overtime if it got taxed at 95%.

People need to focus more on using govt to solve problems instead of getting in the next man's pockets. @ getting angry a link didn't confirm ones bias

Why can't you do both? Overhaul government expenditure and allocation, and raise more revenue? You'd rather have dave the 1%er receiving 4.6 million instead of 3.6 million to buy another yacht instead of that money being invested in fusion research or medicine research or NASA or infrastructure or education?

Lol at bias. I guess every subjective view you have and what you value is "bias"

 

[TLR Is Mental Poison]

this paper seems to support the op but it looks like it was done by some undergrad and seems pretty speculative.

https://www.ucl.ac.uk/economics/undergraduate/module-list/furukawa.pdf

Based on the conclusion it doesn't seem very conclusive at all. Not to mention you can't practically fix income inequality through taxes. FICA was essentially cut to negative rates for half the country in 2009, poor people remained poor.

There are 3 pieces to wealth.... one's paycheck, what one is able to keep from their paycheck after they pay all their expenses, and what they have been able to save from prior paychecks (paychecks being any kind of income... actual paychecks, dividends, SS checks whatever). Revenue, income (in the business sense), assets. So yea, income inequality is the problem, but people are defining income wrong. People are focused on increasing revenue w/o taking expenses into account, not realizing increasing revenue won't necessarily do shyt to generate income. Poor people stay poor because they can't save, not because their paycheck is a certain size... that is an important distinction redistributionists refuse to acknowledge.

 

[TLR Is Mental Poison]

Why can't you do both? Overhaul government expenditure and allocation, and raise more revenue? You'd rather have dave the 1%er receiving 4.6 million instead of 3.6 million to buy another yacht instead of that money being invested in fusion research or medicine research or NASA or infrastructure or education?

Lol at bias. I guess every subjective view you have and what you value is "bias"

For starters Dave the 1%er is probably making a couple hundred thousand, not millions. U study economics, rail against income inequality and dont even know what income distributions look like

What the top 1 percent makes in every state

Dave the 1%er buying a $3.6M yacht is like Joe Sixpack buying a Bentley. Not fukking happening

And yea everyone is biased, including me. Nothing wrong with that. Problem is when you confuse opinion with fact and use opinions like facts to make broad sweeping proposals. Like scrambling to confirm your predetermined conclusion that raising taxes (only on the rich of course) will boost productivity. Make a claim and find the evidence later brehs.

 

[Domingo Halliburton]

Based on the conclusion it doesn't seem very conclusive at all. Not to mention you can't practically fix income inequality through taxes. FICA was essentially cut to negative rates for half the country in 2009, poor people remained poor.

Yeah, I only read the introduction. Just from that it seemed really speculative.

 

[TLR Is Mental Poison]

Yeah, I only read the introduction. Just from that it seemed really speculative.

Speculation is good enough when it confirms biases

 

[Domingo Halliburton]

@Melbournelad never met a tax he didn't like.

 

[Domingo Halliburton]

Speculation is good enough when it confirms biases

Speculation keeps the world going round...

 

[CHL]

@Melbournelad never met a tax he didn't like.

I like the tax free threshold for income earners under 18,000. I like some tax offsets and rebates. I don't really like the Goods and Services Tax (GST) we have. I don't like some tarriffs that we have. I don't like the structure of the Medicare levy.

 

[Domingo Halliburton]

I like the tax free threshold for income earners under 18,000. I like some tax offsets and rebates. I don't really like the Goods and Services Tax (GST) we have. I don't like some tarriffs that we have. I don't like the structure of the Medicare levy.

When you say 18,000 you talking USD or AUD? Because I'd set the threshold higher on both.

 

[Domingo Halliburton]

Is GST like a VAT?

 

[CHL]

When you say 18,000 you talking USD or AUD? Because I'd set the threshold higher on both.

AUD. I'd set it somewhat higher as well. It was actually only $6000 until Labour increased it a few years ago


It's similar to a VAT

1. "The GST is a broad-based tax of 10% on the supply of most goods, services and anything else consumed in Australia."

 

[Domingo Halliburton]

AUD. I'd set it somewhat higher as well. It was actually only $6000 until Labour increased it a few years ago


It's similar to a VAT

1. "The GST is a broad-based tax of 10% on the supply of most goods, services and anything else consumed in Australia."

Actually 18000 Australian dollars is pretty close to our 0% income tax bracket....


Then you turn around and bytch about the tipping culture in America when you charge 10% on top of everything.

 

[TLR Is Mental Poison]

I like the tax free threshold for income earners under 18,000. I like some tax offsets and rebates. I don't really like the Goods and Services Tax (GST) we have. I don't like some tarriffs that we have. I don't like the structure of the Medicare levy.

He should have added "on 'the rich'"

If someone proposed a retroactive 100% tax on the rich you'd be for it. All wealth accumulated outside of transfer payments is , the govt knows best, according to a survey of college juniors studying economics.

 

[CHL]

He should have added "on 'the rich'"

If someone proposed a retroactive 100% tax on the rich you'd be for it. All wealth accumulated outside of transfer payments is , the govt knows best, according to a survey of college juniors studying economics.

If I could I would institute a global tax to get more than 1 trillion from the rich to fund cancer research, fusion research, nano technology, and a giant space elevator, in between setting up the big government fema death camps and declaring transfer payments to be the only income

 

[Scientific Playa]

Any links to credible studies, or convincing articles you have seen regarding the relationship between discretionary tax changes and labour productivity or lack thereof I would greatly appreciate will rep @Swavy Karl Marx @Madvillain @tmonster @88m3 @Liu Kang @lotuseater80 etc?

No rightists or those who are politically confused and about to transition like @DEAD7

check out the works of von mises and jean baptiste say on your topic



The Economics of Taxation