Progressive taxation will lead to reduced production/output by businesses.

I will say, one great relief about Trump's defeat is that we are back to this kind of discussion. This is a healthy, robust discussion that encourages debates, finds solutions to challenges and we realize we're on the same team just with a different outlook on it.

I can do without the exhausting idea of being all evil, or having to defend all evil.

Now, back to the topic. I wouldn't say we're not building stuff other people can't build by hand or automate. I actually think the bigger challenge lies in what you mentioned a few posts ago: Because other countries have the slave factories(China, etc). and we have our wages, other countries are capable of outproducing us.

Meanwhile, our education system is not specialized enough. It actually takes a person with enough drive to actually seek out a specialization(and by then, it's college or trade school.) Can you imagine if we got our foot in the game, 5-7 years earlier? That's what our asiatic rivals are doing. By high school, the average Asian is aware of the path they want to go on.

I admire that about them, and it's something we can do better across all US-demographics. For that, we have to change education from a "stuff everything in their craniums" approach to a "Hey, what are you really passionate about learning" approach, and that way we can produce producers.

 

The fact that they don't make as much as we do does not make it slave labor. Their wages are growing much faster than ours. So give up on the idea that they are suddenly going to start paying people as much as we do, because the couldn't even if they wanted to.
I agree. Education is the answer. You and I may have different ideas on how to accomplish this. Mine being making higher education, be it trade school or college, free or very cheap.
I was very fortunate. I knew what I wanted at 10 years old, but I don't think any of the guys I hung with did.
So the trick there, I think, is to expose them at a young age to as many things as possible. Parents did this long ago, but no so much anymore because they are to busy working. Thus it will fall to the schools.

 

They need to double the tax on Billionaires and raise it by 20% on anyone making over 1M a year. With time, it will make up what we are losing. This country is in the toilet because of the PROGRWESSIVE TAX CUTS given to the rich in the 1980s that Reagan promised to PUT BACK after a couple of year. FDR fixed this country, and we have allowed republicans to since destroy it. Too bad the weak Democrats sat by and watched. Any other OPINION or comment is worthless drivel to these Facts and a real fix.

Of course, when you have 50+ RW think tanks, you are always going to have PAID Posters on every Political Forum to spread the paid for propaganda. Been bringing that too light for 20 years now going back to AOL... Still, "American the Gullible" while Covid tears the country apart, they cheer a crook. Worthless humans

 

That is because we ALLOW States to make a change, cut taxes to bring in jobs vs other states. That is an ABSURD rule in itself and should be done away with. Only problem is gullible people beileve propaganda... Like, Build a stadium and bring in revenue for the LOCAL economy. Everytime, it fails, and it only helps the billionaire owner.
Alabama, Mississippi, or some other sh*t hole down here should not be ALLOWED to offer GM (build a plant down here and we wont charge you tax, just bring us jobs that pay 12/hr and we will be happy) Meanwhile, Where-ever America loses a plant that supported 5000 families. And what do people like you say... ? THey were making too much money and costing the company too much in benefits. Or The company can do what it wants, it is its own boss. Then, when they move to Mexico you complain.
Or how about they take the plant in Detroit and move it to Alabama for 10 years to make Birmingham GREAT AGAIN... Then they take it from there, cut pay by 50% again and move back to Michigan... You good with that ?

see, this is what the right wing bypasses when they bash everything that doesnt win them votes, or put money in their pockets. It is grooosum to listen to their Drivel

 

This statement is backwards

 

There is no "moral responsibility" for the Private Sector, nor should there be. The ONLY objective of any business is profit. That is how they survive, that is how they thrive.

 

Ha ha... Yea right, that tax lever could be pulled in one minute. That is how fast it could be done. Does your economic background tell you whom is owed the 27T in Debt ? Or whom the crooked banksters are that control, own the student debt ?
That can all go away except 3T of it with the stroke of a pen. It is owed to the FED, the Banksters, The Jewish Cabal as a couple of the preppers call them. They still to this day try to pass off the FED as a Government entity... Thousands of people are paid, collect, and get money from the FED, and they are all connected family, friends, employees, past government workers, etc.

They could easily FORCE Corporations to go back to the rules and regs. that were established over a 20 year period that made America Great from 33 - 53... Then things started going really well.
Problem was, the greedy rich had a good argument, we pay too much tax, and they were right. So what did we do ? We cut it from 80% to 35%, added in hundreds of loopholes, Art Laffer Supply side economics, and we allowed the 100% flip the script. So today, we have Sh*T country. Yet, we bicker about Abortion, and other so unimportant things.

No one would be fighting if they were making a REAL LIVING wage... to inflation that would be 50$/hr and still today, pay is the same as 1995, yet BEZOS and others grow there wealth x 5x a year and we do NOTHING....
They should be tarred and feathered if unwilling to live by the new rules.

 

And there is you have the heartless Republican.... The guy whom only cares about himself. That is why FDR was elected, because of the same attitude that allowed for millions to fall into poverty during the depression. The Greed loathed and druels out of the RICH Business man. more money, more money for me... ahhahhahah... give me more...
The Poltician, the Governments job is to help create a situation where all men are equal. Constitution or not, yours is nothing more than an Opinion that works when a country is doing really well. Had you said that standing in the streets of NY early 1930s you would have been beaten to a pulp. Today, behind a computer screen, it works...

And many are not surviving, I am sure you know nothing of the Zombie corps. whoms Junk bonds the FED have been gobbling up to keep them solvent. You have not a clue of the real world.

 

Not equal in outcome, which you seem to be advocating. Admit it, your class envy and Bolshevism is better suited to early 20th Century Russia.

 

Cant even Imagine having a kind of life where I felt that same way. That I care not about other humans... Corps. did just fine, in fact, grew the best economy and country EVER in America from the 30s - 80s. Only to strip it all away based off of your one simple comment. Competition, corporation, Country people and business caring grows a REAL COmpany. Not greed, cutting wages and benefits. Have you even noticed now that Amazon is TRYING to reach HUMAN level with new commercials. Not showing a family man enjoying life from the money he makes, but from giving up home life to work more. It is a twisted world and dumies buy in.

 

The only dummies are those that expect everyone to be exactly equal in every way. that's Communism.

 

Please, you can do better than that. There is no CLASS Envy Brah.... I have plenty of money, you better try again. I dont care about having more, I care about People eating, having a place to sleep, not needing food banks when there are 1000 Billionaires with so much money they dont know what to do with it. Yet, we run save the soldier, feed the poor tv ads ?
Maybe you can do the old 1990s 2-step... Tell people if they go to college, they will do well. That argument worked for 10 years or so... Then we started with the Start your own business, that worked too...

 

Your going to have to grow up, understand what a real democracy looks like. We had it, and gave it away.... I will let you argue with yourself, if you can come up with some kind of proof to back your greedy side, we would all love to read it.
Take care, and stay greedy my friend ! We need bad people too

 

You mean when the Left had a complete monopoly on the country. No thank you.

 

Rubbish. It’s a question of who benefits. Case in point was Elizabeth Warren’s proposals evaluated by the Wall Street financial firms and that was precisely their verdict.

Joe certainly isn’t Elizabeth but it all depends on your POV. If your perspective is top-down you certainly don’t go with Warren. You’d prefer the current environment. If your perspective is bottom-up you want the reverse.

Our current environment slows GDP. We’ve got structural issues—bad policy—that stifles competition. However, we’ve got a lot of power and money that’s coalesced around bad policy and is seemingly an immovable object. More bad policy allowed that to occur.

Right now we need a bottom-up perspective to have a prayer of getting anything worth while accomplished.

That’s why I’m baffled by the “over-my-dead-body will the country fashion an economy and tax policy around me,” says Joe Average Citizen. Of course, he’s taking that “stand” while bent over and taking it in the rear. It’s simply weird.

 

How do you know that will happen?

 

So business is pure evil then, it has no morals or ethics.

 

Good thing that's not happening.

 

LOL! All of a sudden the GOP economic "experts" come out of the woodwork again to tell us how Dem economic policies suck. Why would we believe them? They are the ones who told us that Trump's tax cuts would pay for themselves, that we would all be better off with the $50 per month tax savings, that tons of jobs would be created and salaries at the bottom would go up. Wait, none of these things actually happened. Plus, they were just as wrong on everything covid as they were on economic policy. So, why should be believe ANYTHING that the GOP supply siders peddle?

 

LOL,
Because it is happening.

 

They aren't actually Dem policies, they are simply what works.

 

So if we build stuff its 100% guaranteed that no one will buy it. Got it.

 

Glad you finally figured it out.

 

Along with that is the fact the public, and especially the democrats and liberals, do not understand taxation. A business must make money or die. Wealthy people know how to make business make money, that's why they are wealthy.
Business's income (money) comes only from sales to- Customers. The price customers pay for what they buy is determined by a simple formula- Cost of materials, labor and overhead including taxes together become total cost of sales, and that number is marked up with a Profit to support the business, which then determines the selling price to the consumers. When taxes are increased on a business, they become part of the cost, get marked up with a profit, and cause the selling price to increase.

Business is an unpaid tax collector for government, not a tax payer. They collect the taxes (new and old) from the customers, most of which is not identified as tax at all, and pay it to the government.
No matter how you slice it, all taxes are paid by the consumers. Politicians lie to you about this, because the public likes the illusion that somebody else is paying the bill, and buy that BS over and over. Nothing is actually free, it is an illusion designed to win votes and power while you wind up buying a pack of lies and your taxes increase through the padded tax costs built into everything you buy.

 

The education is largely determined by the parents, not by the school. Aydin Palidin did a deep dive into the published literature and it is pretty clear. The better education in the wealthier neighborhoods is a function of parental involvement, not how expensive the school is. The science backs up what we all know intuitively, parent who give a damn about their children's education generally have kids that do better academically than the parents who don't give a damn. No amount of money spent by governments can force parents to care about their children's education.