Taxing the super rich

[aguero93:20]

Yes it does. Federal policy. It is entirely a matter for central government, and you have fiscal transfers across the states to even up the movement of capital. It's a necessary feature of all currency unions.

And if so, fine. That doesn't mean individual states can't control their own policies.

 

[Henkeman]

And if so, fine. That doesn't mean individual states can't control their own policies.

Yes, it absolutely does mean that they can't. It's why they aren't separate countries and can't be. Don't you remember the whole issue around Scottish independence and the pound?

 

[aguero93:20]

Yes, it absolutely does mean that they can't. It's why they aren't separate countries and can't be. Don't you remember the whole issue around Scottish independence and the pound?

9 countries use solely the dollar and many use multiple currencies. The issue around the pound was scare tactics.

 

[Henkeman]

9 countries use solely the dollar and many use multiple currencies. The issue around the pound was scare tactics.

Those countries who adopt the dollar as a de facto currency do so with no say whatever over the economic policy and at the whim of US policy. That's precisely why it wasn't scare tactics. Countries can choose to outsource their fiscal policy if they wish. Most don't, precisely because they have no control, as Scotland would have had no control.

 

[aguero93:20]

Those countries who adopt the dollar as a de facto currency do so with no say whatever over the economic policy and at the whim of US policy. That's precisely why it wasn't scare tactics. Countries can choose to outsource their fiscal policy if they wish. Most don't, precisely because they have no control, as Scotland would have had no control.

And yet fiscal policy can be controlled by regional taxation, yes?

 

[CharliesRightPeg]

They earn more as its much harder to be a CEO or to become one than a Data-Entry Administrator.

The more I’ve progressed, the more stress I’ve had and the longer hours I’ve worked.

This idea that the super rich just sit counting their money whilst laughing is a ridiculous part of our society.

I’m left-leaning and fundamentally believe in a safety net for those worse off and a regulated private sector but still appreciate those in top positions mostly work incredibly hard for it, or have the gift of improving their businesses greatly.

Are you really that stupid
I'm not talking about people earning 100k a year or 150k a year, I'm talking about people like the Walton family who earnt 11 billion in a single year off the back of Walmart

 

[Ban-jani]

Are you really that stupid
I'm not talking about people earning 100k a year or 150k a year, I'm talking about people like the Walton family who earnt 11 billion in a single year off the back of Walmart

You ask if someone is stupid for not understanding the specifics of what you were thinking when you didn’t articulate said specifics in the slightest of what you posted.

That’s really fucking stupid.

And how much tax have they contributed?

 

[west didsblue]

Yes but when the super rich receive more income than the bottom 50%
Also if that tax was paid at the right rate and it would more than double

Haven’t a clue what you’re on about.

 

[Henkeman]

And yet fiscal policy can be controlled by regional taxation, yes?

Regional is not national. And regional powers are very limited, because they're backed by the federal rules and limitations. That's the point - it cannot work unless you have those rules and frameworks in place that you have in the US, but not in Europe. In order to do so, European countries would need to be reduced to the level of US states. I make no comment on how desirable that might be.

 

[aguero93:20]

Regional is not national. And regional powers are very limited, because they're backed by the federal rules and limitations. That's the point - it cannot work unless you have those rules and frameworks in place that you have in the US, but not in Europe. In order to do so, European countries would need to be reduced to the level of US states. I make no comment on how desirable that might be.

Desirable is the question though, we're in a world with the USA, Russia and China.