the govt is just drunk on power, and it's fueled by $$, so they use their power to get more $$ so that they can get more power -- downward spiral. -- j
Cost comparison of 2 nearly identical houses in San Diego and my small town in Ohio (seriously, I think it might have been the same blueprint) has the San Diego house at 22 times the price of the ohio house.... not even kidding... $600,000 in San Diego, and $27K in Ohio. 2 bedroom 2 bath, 1500sqft, nothing crazy. Welcome to California.
I say there should be the same amount per person to cover basic personal defense from external atack, and thats it. Everything else should be "insurance" really, and the rates would be reflective of how much you wanted to insure. If you had great wealth, your insurance bill would be higher just like it is for property insurance.
Well per MMT taxes are to regulate the money supply and maintain the viability of the currency... not needed at all to support spending. So for the progressives a graduated income tax is about income redistribution as well as those other government finance bookkeeping items.
I'm sure I'm higher than that if I lump in the California property taxes...
The particular problem with he IRS "progressive" tax code is that it has no variation by geography and cost of living... $100,000 in San Francisco or NYC for example is pretty much living in a studio apartment.
I group most of those into the actors/entertainer types that earn a lot of passive income that is not taxed at the full income rate... for example, royalties can be distributed to a corporation, and paid out of there as dividends (15% tax, regardless of amount). Nothing is taxed as high as earned income..
Pelosi, for example, pushes for a minimum wage increase everywhere except American Samoa... where her husband employs half the island with their small family business (Starkist Tuna). She never discloses that though, just sticks an American Samoa exemption in the bill every time.
Feinstein's scam is a little more unique... her husband (best known for CBRE), is seemingly gone from being a commercial real estate broker for his entire lifetime, to suddenly the whiz of solar power - with multi-billion dollar loans from the Dept of Energy to build solar farms in Nevada of course a loan isn't income either... But would the average joe on the street get a multi-billion dollar DoE solar energy loan with pretty much zero experience in solar energy (or electricity / utility markets for that matter). Unless married to a Senator. He's also apparently a railroad tycoon, as he won the contract to build the first leg of the California High Speed Rail project... hauling migrant farm workers on their long commute from Fresno to Bakersfield. (It is actually much faster to drive that in a beat-up pickup truck than to mess around with train stations, tickets, etc.)
How do you vote for a libertarian when the Dems and Reps won't let them get truly in the game? If you don't get party money your chances of winning an election get smaller.
Just curious, not trying to argue. How did they get their wealth? I was going to have some of that wealth until Enron, especially Ken Lay and his boys decided they didn’t enough millions, so they took my retirement and 28,000 others.
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Jan
Jan
so they use their power to get more $$ so that they
can get more power -- downward spiral. -- j
The particular problem with he IRS "progressive" tax code is that it has no variation by geography and cost of living... $100,000 in San Francisco or NYC for example is pretty much living in a studio apartment.
Pelosi, for example, pushes for a minimum wage increase everywhere except American Samoa... where her husband employs half the island with their small family business (Starkist Tuna). She never discloses that though, just sticks an American Samoa exemption in the bill every time.
Feinstein's scam is a little more unique... her husband (best known for CBRE), is seemingly gone from being a commercial real estate broker for his entire lifetime, to suddenly the whiz of solar power - with multi-billion dollar loans from the Dept of Energy to build solar farms in Nevada of course a loan isn't income either... But would the average joe on the street get a multi-billion dollar DoE solar energy loan with pretty much zero experience in solar energy (or electricity / utility markets for that matter). Unless married to a Senator. He's also apparently a railroad tycoon, as he won the contract to build the first leg of the California High Speed Rail project... hauling migrant farm workers on their long commute from Fresno to Bakersfield. (It is actually much faster to drive that in a beat-up pickup truck than to mess around with train stations, tickets, etc.)
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