| Author |
Topic:
Economic Inequality and Volatility [Locked] |
Rosaria  Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:00am
Subject:
Economic Inequality and Volatility |
Sin_of_Onin posted:
Rosaria posted:
There seems to be a lot of anger with China [see front page of this board] but I don't think anything is going to be different despite the rhetoric. China will very slowly allow the relative value of their money to rise, as they see fit. On their part I think they will push harder and harder for a basket of currencies to replace the USD and continue to trade with other countries using another currency or multiple currencies.
No question that our corporate tax structure is more of a hinderance than a help. I also believe the entire credit system eventually needs to be abolished as well as all 'temporary' measures being used to address business in this country. I'm also hoping that people at least take a look at how small business owners are taxed. If you truly believe that small businesses are the economic engine of the country in terms of jobs, their entire tax structure needs a second and maybe third look. The flat rate concept is intriguing. Where are you on VATs?
The Chinese are purposefully manipulating the USD. This is not even remotely close to a nation keeping a basket of foreign currencies to trade with. The two are not even remotely in the same ball park. I have no idea how you can string those two thoughts together.
As for the corporate tax structure, I want credits and their ilk to go away but they won't. I think there is a good shot at rebasing and lowering rates though.
I don't think small businesses are the economic engine of the country.
A flat tax doesn't help small business and if anything it hurts them. The VAT is better but it is still a consumption tax that can be very regressive. It is a good alternative to other regressive taxes but is no replacement for the income tax.
Not sure where you're getting part of that? I said that's what they're doing not that the two are co-dependent.
Credits are a horrible idea but I agree they won't go away anytime soon. I hope the rates are lowered but not sure whether or not that'll be done, meaning the political climate may not be conducive to doing so.
I'm surprised I thought you were a proponent of VATs.
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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Sin_of_Onin  Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Economic Inequality and Volatility |
dae_trist posted:
Sin_of_Onin posted:
The Chinese are purposefully manipulating the USD.
The US sells bonds. China buys bonds. That's not manipulation. Funny, America wanted everyone to deal in and buy dollars, but now that it's time to look for a scapegoat they moan like reese's mom about being ripped off. 
I thought you Chinese people were supposed to be smart.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Economic Inequality and Volatility |
Rosaria posted:
I'm surprised I thought you were a proponent of VATs.
I am, to replace payroll/SS/FICA taxes and to pay for UHC. It would have to be phased in though. Hits people on fixed income way too hard.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Rosaria Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
|
Date Posted:
1/1/00 12:00am
Subject:
Economic Inequality and Volatility |
dae_trist posted:
Sin_of_Onin posted:
The Chinese are purposefully manipulating the USD.
The US sells bonds. China buys bonds. That's not manipulation. Funny, America wanted everyone to deal in and buy dollars, but now that it's time to look for a scapegoat they moan like reese's mom about being ripped off.
The manipulation being referred to has nothing to do with bonds. Its how trade prices and currency values related to trade are negotiated or set and how that impacts trade and trade imbalances.
-----signature-----
"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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dae_trist Posts: 1,049
Registered: 2003-6-5 13:32:39
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Date Posted:
1/1/00 12:00am
Subject:
Economic Inequality and Volatility |
The US is essentially forcing China to protect their industries, as they relentlessly block Chinese acquisitions and enforce an embargo on many civilian technologies. They think China should get rich by buying iPods and cheeseburgers. 
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"templars heal for like 300-400 a heal"
"wardens do waht 40 dps at most? friars do 600 dps"
"well maybe the aoe taunt that bains had..."
"Eck theurg pets are unstunnable..." -- bryldan
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Rosaria Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
|
Date Posted:
1/1/00 12:00am
Subject:
Economic Inequality and Volatility |
Sin_of_Onin posted:
Rosaria posted:
I'm surprised I thought you were a proponent of VATs.
I am, to replace payroll/SS/FICA taxes and to pay for UHC. It would have to be phased in though. Hits people on fixed income way too hard.
That could be structured though and applied to specific catagories of goods initially. It could also be phased in over time. I kind of like VATs although I do know they can be regressive.
-----signature-----
"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
|
Date Posted:
1/1/00 12:00am
Subject:
Economic Inequality and Volatility |
Rosaria posted:
That could be structured though and applied to specific catagories of goods initially. It could also be phased in over time. I kind of like VATs although I do know they can be regressive.
Progressivity is relative and the income tax and government benefits can be built to correct some of those issues.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
|
Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
|
Date Posted:
1/1/00 12:00am
Subject:
Economic Inequality and Volatility |
dae_trist posted:
The US is essentially forcing China to protect their industries, as they relentlessly block Chinese acquisitions and enforce an embargo on many civilian technologies. They think China should get rich by buying iPods and cheeseburgers.
Are you on Opium?
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
|
dae_trist Posts: 1,049
Registered: 2003-6-5 13:32:39
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Date Posted:
1/1/00 12:00am
Subject:
Economic Inequality and Volatility |
Don't pretend the US is a victim. Shall we go into how you steal trillions from the developing world every year?
-----signature-----
"templars heal for like 300-400 a heal"
"wardens do waht 40 dps at most? friars do 600 dps"
"well maybe the aoe taunt that bains had..."
"Eck theurg pets are unstunnable..." -- bryldan
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Rosaria Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
|
Date Posted:
1/1/00 12:00am
Subject:
Economic Inequality and Volatility |
Sin_of_Onin posted:
Rosaria posted:
That could be structured though and applied to specific catagories of goods initially. It could also be phased in over time. I kind of like VATs although I do know they can be regressive.
Progressivity is relative and the income tax and government benefits can be built to correct some of those issues.
That's what I'm talkin' about! See, I knew if we typed thousands of words at each other sooner or later we could agree. Absolutely government benefits and protections could be structured around them. My question now is anyone in or near the government actually considering any of this. In other words, is this a possibility? I don't remember which country uses targetted VAT as a phase in but I will search around for that data.
-----signature-----
"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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