Porforis pointed out :
[Re Social Security]Even if you don't do that, it won't mathematically function simply because of people paying in versus paying out. 1%ers collecting social security are a drop in the bucket compared to sheer money in versus out.
I couldn't agree more....its a Ponzi scheme...and the youth get stuck with the tab.
That's a pretty weird way of comparing the two. Where are you getting the figures for average starting salaries for people coming out of undergrad programs with business degrees, and how is that average salary determined? First job in-field after graduation? First job after graduation? Best job after 2 years?
Sorry I should have been more clear on my methodology. I took the average starting salary from where I graduated (which is a bit light as a business major will make more than a liberal arts major)
On the technology angle, when you (I'm assuming, no clue how old you are but I'm 32) and I were getting out of college, internet and a cellphone were not basically mandatory things you needed if you wanted to function in the world and apply for jobs. You're going to get weird looks if you don't list a cell number. Higher standard of living, but also higher expenses to reach that standard of living.
I am old, 63. True the internet and a cell phone are necessary, but they enable you to have a much higher quality of life: entertainment (music, books, movies), communication (it was a special thing to be able to talk with friends and parents who weren't local) If your grandparents are alive ask them how a lower level income person lives NOW versus how lower level income persons lived when they were younger.
Higher standard of living, but also higher expenses to reach that standard of living.
A true statement, but an exponentially higher standard of living vs. the cost.
Some retail chains and food service joints invested heavily decades ago to buy up property (and actually have made a ton of money off of leasing properties themselves) and don't have magically better employees just because they own the property and aren't shelling out tons more over the long term on leases.
The point I was trying to make (obviously poorly) was that even though they spent millions on real estate, they are squandering it by NOT paying up for good labor. They were/are dumb.
Nobody's suggesting to tax the people that want to get rich at a higher rate than everyone else pays
Great a flat percentage income tax for everyone. I am all for it.
For a corporation paying their employees an average income of $40,000, somehow I don't think it's crazy to expect that corporation to pay a little bit more of an effective tax rate than their average employee. Then again, you seem to be not a fan of progressive tax which... Not sure what to say about that on an economic level. You're an extreme outlier, and even the vast majority of conservatives acknowledge this is necessary
[list][*]I don't think corporations should be taxed at all. Its double taxation. People and pension funds own corporations. It raises the cost of capital [*]I don't think there should be an income tax at all. In this I agree with the founding fathers. If there is one, everyone over the poverty level should pay the same rate. And if there is a corporate tax, it should be passed though as a tax deduction pro rata, to owners..[*]I think revenue should come from use taxes, VAT, tolls, license fees, and property taxes at a state level.[*]Also, if there is an income tax, for every $10,000 one pays in taxes, one should get an extra vote.[/list]
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