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moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
I have no problem with people who are rich. They have cash flow as everyone else so the economy is shared at very least. The problem start when they are stacking their wealth. Like many of one percenters does. The one percenters to me is like black holes. What goes in, never comes out. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30648 Credit: 53,134,872 RAC: 32 |
What is the shape of the laffer curve? here are some possible samples: https://www.itl.nist.gov/div898/handbook/eda/section3/eda366.htm The picture in the photo in the thread for the curve is like a Tukey-Lambda Distribution. Well BZZZZZZT wrong. It is much more like a Weibull Distribution or a F Distribution, very heavily skewed towards high tax rates. The tax rates are so low now we aren't anywhere near the top. The USA had a tax rate of 93% at one time and it was doing fine. That is likely a tax rate that is near the real top of the laffer curve. No wonder trickle down doesn't work! We aren't taxing enough for it too work. |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
LOL. When economists starting to create "scientific" models of how economy works they always fail. Have you ever met an economist that now are stinking rich after using their own models? Don't think so:) Well maybe Trump can:) All "economy science" are always models of the past. You cannot predict anything from those models. in science you have to be able to predict, from a model, a future result . |
betreger Send message Joined: 29 Jun 99 Posts: 11361 Credit: 29,581,041 RAC: 66 |
Too Moomin, Gary & Wiggo all you are doing is affirming the proven concept of diminishing marginal utility. Specifically 1 dollar is less useful to someone who makes 10 million a year than someone who makes 30 thousand a year. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30648 Credit: 53,134,872 RAC: 32 |
Too Moomin, Gary & Wiggo all you are doing is affirming the proven concept of diminishing marginal utility. Specifically 1 dollar is less useful to someone who makes 10 million a year than someone who makes 30 thousand a year. Then the laffer curve is the Birnbaum-Saunders (Fatigue Life) Distribution. |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
Strange that you have a regulated minimum wage by the US government. Blin. We don't have such communistic ideas here:) Then all statistics about income and taxes that are per household. What? Very confusing. How do you calculate marginal utilities then? And what is a household in the US anyway per definition? Here all people above 18 years pay individual income tax no matter the size of the household. Even if the person have an income that is way lower than the US minimum wage:) |
Wiggo Send message Joined: 24 Jan 00 Posts: 34744 Credit: 261,360,520 RAC: 489 |
I don't know about that being "communistic idea", but it's certainly a socialist 1 Janne. ;-) |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
Aha:) Maybe that's why Trump is so fond of Vova Putin and Kim with his Lollybombs... Oh. Australia: Minimum wage increase from 1 July 2019. Hehe:) |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
The devastating effect of bankruptcy. Immigrant City Hmm, how did such a fat oaf get into the White House? |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
"You look at what's happening in Sweden, you look at what's happening last night in Detroit. Detroit, who would believe this. Detroit. They took in large numbers. They're having problems like they never thought possible," https://www.youtube.com/watch?v=CaQ--nkusNQ Btw. Watch out for the Swedish fish:) |
bobby Send message Joined: 22 Mar 02 Posts: 2866 Credit: 17,789,109 RAC: 3 |
This is mainly for Clyde, as he keeps repeating Trump's claim that the Christopher Steele dossier is bogus. Is asserting a motive (i.e. "seeking higher ratings") with no evidence, an example of "conjecture"? Are you still waiting to see the content of the Mueller report? Is NPR an acceptable source for this document? BTW I don't expect an answer, I suspect I am still on JaundicedEye's ignore list (if so, I've been there for over three years). I think you'll find it's a bit more complicated than that ... |
betreger Send message Joined: 29 Jun 99 Posts: 11361 Credit: 29,581,041 RAC: 66 |
Are you saying Eye lives in an echo chamber? |
Sarge Send message Joined: 25 Aug 99 Posts: 12273 Credit: 8,569,109 RAC: 79 |
Are you saying Eye lives in an echo chamber? When you can't shoot a bear either on the Eastern plains or the Western Slope, all you can do is fart in your skillet, hear it echo, and they eat it? Capitalize on this good fortune, one word can bring you round ... changes. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30648 Credit: 53,134,872 RAC: 32 |
:-) |
W-K 666 Send message Joined: 18 May 99 Posts: 19059 Credit: 40,757,560 RAC: 67 |
Why the Wall isn't going to work, BBC vid - The moment a US Coast Guard raided a submarine |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
LOL:) Will the Wall protect the US from gangsters and drug trafficking? Give me a break. Only Geniuses from Karlstad think so:) |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
Btw. Have Trump the Genius listened to the DEA about this? Of course not. He want to build monuments. https://finance.yahoo.com/news/trump-wall-wont-stop-drugs-dea-agent-224325899.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALhOZ0FMjz6xMK0IS90HnpaucM8E6kBHQF_j7sgqs1jXvm9tEZ0fB6FyKVcEpJeKlUWBuUVcc50bNy1g7OGXqT3RqwRK6wRHNmYjQsx6JDys0LF468dp-IIAEHhKSggEgEUJRwJGsINpJ0bcDeUJ53g4ZilmmWbQu3MJMUa7yfyk And does he know that many responsible for the drug trafficking are American citizens? I know about one. Meet "Texas" from Minnesota. https://www.texasmonthly.com/articles/son-wealthy-businessman-foot-soldier-vladimir-putin-russia-hacking/ |
Mr. Kevvy Send message Joined: 15 May 99 Posts: 3776 Credit: 1,114,826,392 RAC: 3,319 |
Alex Acosta resigns from U.S. government after furor over Jeffrey Epstein plea deal
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Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30648 Credit: 53,134,872 RAC: 32 |
When Rump does something right, we need to admit it. President Trump confirmed reports that he threw Jeffrey Epstein out of his Mar-a-Lago club years ago |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
"I was not a fan of Jeffrey Epstein." |
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