Taxes and Economic Success

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Sertorio
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Taxes and Economic Success

Post by Sertorio » Mon Dec 03, 2018 2:29 pm

Our friend Cass keeps insisting that high taxes are bad for the economy and for growth. The following graph shows that one of the most successful countries in Europe - Danmark - has the highest level taxation of the developed world:

Image

So, maybe taxes are not the main problem, after all...

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cassowary
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Re: Taxes and Economic Success

Post by cassowary » Tue Dec 04, 2018 3:17 am

France is facing a revolt now after macron raised tax on gasoline. Does not sound successful to me.

neverfail
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Re: Taxes and Economic Success

Post by neverfail » Wed Dec 05, 2018 4:06 pm

Sertorio wrote:
Mon Dec 03, 2018 2:29 pm
Our friend Cass keeps insisting that high taxes are bad for the economy and for growth. The following graph shows that one of the most successful countries in Europe - Danmark - has the highest level taxation of the developed world:

Image

So, maybe taxes are not the main problem, after all...
Well, your own provided bar graph shows Denmark to be more heavily taxed than France, yet the discontent does not seem to have spread up there.

perhaps the Danes are getting much better returns for their taxes than the French are?

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Sertorio
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Re: Taxes and Economic Success

Post by Sertorio » Thu Dec 06, 2018 2:31 am

neverfail wrote:
Wed Dec 05, 2018 4:06 pm
Sertorio wrote:
Mon Dec 03, 2018 2:29 pm
Our friend Cass keeps insisting that high taxes are bad for the economy and for growth. The following graph shows that one of the most successful countries in Europe - Danmark - has the highest level taxation of the developed world:

Image

So, maybe taxes are not the main problem, after all...
Well, your own provided bar graph shows Denmark to be more heavily taxed than France, yet the discontent does not seem to have spread up there.

perhaps the Danes are getting much better returns for their taxes than the French are?
That's the whole question. If you get good services from the state - good education, good health care, security - then people will find taxes worthwhile, even if they are high. And also the acceptance of taxes depends on who mostly pay them. If taxation is truly proportional to wealth nobody will complain - except the rich, who will do anything to overthrow the government which dares to tax them.

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SteveFoerster
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Re: Taxes and Economic Success

Post by SteveFoerster » Thu Dec 06, 2018 9:53 am

Sertorio wrote:
Thu Dec 06, 2018 2:31 am
That's the whole question. If you get good services from the state - good education, good health care, security - then people will find taxes worthwhile, even if they are high. And also the acceptance of taxes depends on who mostly pay them. If taxation is truly proportional to wealth nobody will complain - except the rich, who will do anything to overthrow the government which dares to tax them.
Why do you insist on making things up when it's so easy to disprove them?

https://www.theguardian.com/business/20 ... super-rich
Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

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Sertorio
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Re: Taxes and Economic Success

Post by Sertorio » Thu Dec 06, 2018 10:25 am

SteveFoerster wrote:
Thu Dec 06, 2018 9:53 am
Sertorio wrote:
Thu Dec 06, 2018 2:31 am
That's the whole question. If you get good services from the state - good education, good health care, security - then people will find taxes worthwhile, even if they are high. And also the acceptance of taxes depends on who mostly pay them. If taxation is truly proportional to wealth nobody will complain - except the rich, who will do anything to overthrow the government which dares to tax them.
Why do you insist on making things up when it's so easy to disprove them?

https://www.theguardian.com/business/20 ... super-rich
Warren Buffett is hardly the typical billionaire...
...Buffett has added to his list of atypical pronouncements by saying that America's super-rich should pay more tax if the country's debt problems are ever to be solved...
What do you think you have disproven?...

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SteveFoerster
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Re: Taxes and Economic Success

Post by SteveFoerster » Thu Dec 06, 2018 11:57 am

Sertorio wrote:
Thu Dec 06, 2018 10:25 am
SteveFoerster wrote:
Thu Dec 06, 2018 9:53 am
Sertorio wrote:
Thu Dec 06, 2018 2:31 am
That's the whole question. If you get good services from the state - good education, good health care, security - then people will find taxes worthwhile, even if they are high. And also the acceptance of taxes depends on who mostly pay them. If taxation is truly proportional to wealth nobody will complain - except the rich, who will do anything to overthrow the government which dares to tax them.
Why do you insist on making things up when it's so easy to disprove them?

https://www.theguardian.com/business/20 ... super-rich
Warren Buffett is hardly the typical billionaire...
https://www.cnbc.com/2017/05/31/14-bill ... ledge.html

"Fourteen billionaires announced they have signed the Giving Pledge, formally joining the 154 other billionaires who have promised to give away at least half of their vast wealth to philanthropic causes."
Sertorio wrote:
Thu Dec 06, 2018 10:25 am
...Buffett has added to his list of atypical pronouncements by saying that America's super-rich should pay more tax if the country's debt problems are ever to be solved...
What do you think you have disproven?...
Your claim that the rich "will do anything to overthrow the government which dares to tax them". You just made that up because it sounded good to you in your head, and you were wrong.
Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

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Doc
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Re: Taxes and Economic Success

Post by Doc » Thu Dec 06, 2018 12:34 pm

SteveFoerster wrote:
Thu Dec 06, 2018 11:57 am
Sertorio wrote:
Thu Dec 06, 2018 10:25 am
SteveFoerster wrote:
Thu Dec 06, 2018 9:53 am
Sertorio wrote:
Thu Dec 06, 2018 2:31 am
That's the whole question. If you get good services from the state - good education, good health care, security - then people will find taxes worthwhile, even if they are high. And also the acceptance of taxes depends on who mostly pay them. If taxation is truly proportional to wealth nobody will complain - except the rich, who will do anything to overthrow the government which dares to tax them.
Why do you insist on making things up when it's so easy to disprove them?

https://www.theguardian.com/business/20 ... super-rich
Warren Buffett is hardly the typical billionaire...
https://www.cnbc.com/2017/05/31/14-bill ... ledge.html

"Fourteen billionaires announced they have signed the Giving Pledge, formally joining the 154 other billionaires who have promised to give away at least half of their vast wealth to philanthropic causes."
Sertorio wrote:
Thu Dec 06, 2018 10:25 am
...Buffett has added to his list of atypical pronouncements by saying that America's super-rich should pay more tax if the country's debt problems are ever to be solved...
What do you think you have disproven?...
Your claim that the rich "will do anything to overthrow the government which dares to tax them". You just made that up because it sounded good to you in your head, and you were wrong.
It isn't that the rich are not taxed enough. The problem is the lack of levelness of the playing field. That is largely not level because of manipulation of government by making members of the government rich.
2izfdh.jpg
2izfdh.jpg (143.15 KiB) Viewed 944 times
And it goes on far beyond political campaign contributions. Former members of government make millions lobbying their former colleagues and members of congress.

Example Robert Mueller made $30 million dollars working for Lockheed Martin lobbying the FBI where his good friend James Comey was the director of the FBI. Which of course was Mueller's former job.
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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Doc
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Re: Taxes and Economic Success

Post by Doc » Thu Dec 06, 2018 4:09 pm

https://www.cnsnews.com/news/article/te ... mome_share
Census Bureau: 5 Richest U.S. Counties Are D.C. Suburbs; 10 of Nation's 20 Richest Counties in D.C. Area

By Terence P. Jeffrey | December 6, 2018 | 10:36 AM EST
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

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SteveFoerster
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Re: Taxes and Economic Success

Post by SteveFoerster » Thu Dec 06, 2018 5:09 pm

Doc wrote:
Thu Dec 06, 2018 4:09 pm
https://www.cnsnews.com/news/article/te ... mome_share
Census Bureau: 5 Richest U.S. Counties Are D.C. Suburbs; 10 of Nation's 20 Richest Counties in D.C. Area

By Terence P. Jeffrey | December 6, 2018 | 10:36 AM EST
More people in the D.C. area come by those high salaries honestly than you might think. Loudoun County, for example, is less government employees and more tech company employees. The part of that county adjacent to Dulles Airport went from being thick with cow patties to being thick with data centres in about twenty years. I mean, there was nothing out there when I was a kid, and now it's a giant area of upper-middle-class-and-up suburbia.
Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

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