Remembering TCPaul, 2016-2019

Economics Question

Does anyone think that the fact that the government tacks on theimmigrant02/05/19
Payroll Taxes suppress economic growth and job creation. Wha rastaman02/05/19
Can't tell if you're being sarcastic, but as a Liberal, I've theimmigrant02/05/19
Taxes on work should at least triple, after I retire. imoothereforeim02/05/19
Tl;dr: incoherent nonsense. midlaw02/05/19
the cost of living in California is unbearable because every dingbat02/05/19
Population density only explains real property cost. It do imoothereforeim02/05/19
"why the kids are so dumb" The old confederacy has nothin midlaw02/05/19
I see you are not familiar with LAUSD. imoothereforeim02/05/19
If you want to see dumb, you should head to the south. Ther trijocker02/05/19
Yeah you need to get out more...stateside. The dumbest pe bangbus02/05/19
the largest cities have the largest numbers of homeless. Th dingbat02/05/19
Most of the states receiving the most in federal spending al theimmigrant02/05/19
New Mexico, Kentucky, and Montana make up 3 of the top 5 rec dingbat02/06/19
the funniest thing is, the fed govt takes that 7.75%, buys s whiteguyinchina02/05/19
it's like the entire US working class is subsidizing a rulin whiteguyinchina02/05/19
It's more like an aristrocay with modern titles. Gotta br bangbus02/05/19
http://www.cliquetheory.com theimmigrant02/06/19
theimmigrant (Feb 5, 2019 - 8:11 am)

Does anyone think that the fact that the government tacks on, at a minimum, +7.775% to an employee's cost (to pay for Boomers and SSDIbros) - with all-in fringe costing an average of a flat $13.5-25k to the employer or whatever for a "good" job - that this might be suppressing Job Creation (and as a result, Income Potential) maybe just a little?

What is it about employment that would make the government want to insert itself like this, like a middleman of sorts? Income tax is one thing, but just taking a $17k cut for each employee that a Firm hires, just to pay for a Boomer safety net plus the deficits in the pension the government barely funds (SS) plus the healthcare the government screwed up? It's madness imho. It's a hidden tax that no one really thinks about, or doesn't talk about enough (and it's not even hidden really ffs). By my reckoning, the government is all but deliberately suppressing the economy and people's Income Potential, perhaps under the guidance of the fed to avoid inflation or something. It's also a barrier to entry. Think about it. GE, or some other massive failing conglomerate, has some gold-plated insurance programme or some such, plus 3.765% 401k match or whatever. So if they try to hire Americans for some job that involves running in a turbine like its a hamster wheel to Test it or whatever, then those individuals will earn $17k Starting, but will cost the Firm more like $39k/each all-in, which is a lot - basically more than cowgod who has 3 decades of experience in his field (Film) plus a Law Degree. What makes this worse is the point I made earlier - barriers to entry are too massive for some mom & pop to try to move in on the Turbine business, so what eventually happens? They move the work to, of all places, China (the second worst country in the world). "But why should I care?" you ask, "I am an Attorney, I am in the Law Business, not the Turbine Business!" but if I have to explain this to you - why a parasite (no offence) needs a healthy Host - then I wonder if I should even bother? frida2 makes some unspeakable amount of money and is relying on her husband to sell at least 100 Cars every month in order to pay California rent, but does not blame the globalists or the bureaucrats or (((them))), she blames the darn *Republicans* who won't tax the *rich* (to pay for what exactly btw, I always wonder?) For once I would like to hear one of my fellow Liberals bring up Defence spending. I am conflicted, being a veteran of a foreign war, and will always support the military (not America's though btw haha jk).

—TI

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rastaman (Feb 5, 2019 - 12:00 pm)

Payroll Taxes suppress economic growth and job creation. What a novel idea......

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theimmigrant (Feb 5, 2019 - 7:21 pm)

Can't tell if you're being sarcastic, but as a Liberal, I've always been a supporter of a strong social safety net and investments in education. Taxes are required to have this imho. Still, I wonder about the effect on Jobs.

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imoothereforeim (Feb 5, 2019 - 12:09 pm)

Taxes on work should at least triple, after I retire.

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midlaw (Feb 5, 2019 - 2:04 pm)

Tl;dr: incoherent nonsense.

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dingbat (Feb 5, 2019 - 2:32 pm)

the cost of living in California is unbearable because everyone wants to live in California.

Greater Los Angeles has a population density of 23,887 people per square mile. To reach a similar density, the entire population of Wyoming could fit a hundred times into its smallest county. H-ll, there are a dozen states combined that don't have the same population as greater L.A., and 21 states combined don't have the same total population as California.

Oh, and the funny thing is, California isn't even in the top 10 states by population density. That's mostly the mid-atlantic and New England states, NJ, RI, MA, CT, MD, DE, NY, PA, with Ohio and Florida being the exception (and Florida is pretty much where all the old people from those states go to retire)

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imoothereforeim (Feb 5, 2019 - 2:37 pm)

Population density only explains real property cost. It does not explain why taxes are so high, why the cities are homeless camps, and why the kids are so dumb.

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midlaw (Feb 5, 2019 - 3:13 pm)

"why the kids are so dumb"

The old confederacy has nothing to do with California.

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imoothereforeim (Feb 5, 2019 - 3:15 pm)

I see you are not familiar with LAUSD.

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trijocker (Feb 5, 2019 - 9:27 pm)

If you want to see dumb, you should head to the south.
There are pockets of LA county with ivy league bound students, Arcadia and San Marino, for example. Please put up students in LA County against Mississippi or Louisiana.

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bangbus (Feb 5, 2019 - 11:13 pm)

Yeah you need to get out more...stateside.

The dumbest people on earth live in red states.

I would be ashamed if I grew up in Arkansas for example.

I would take a Mexican murderer over any Arkansas white bro

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dingbat (Feb 5, 2019 - 9:02 pm)

the largest cities have the largest numbers of homeless. The nice weather certainly helps.

Tax strategy is open to debate. It is kinda odd that the states with the highest tax rates tend to be the highest net contributors to the federal government, and the states with the lowest tax rates tend to be the highest net takers from the federal government.

Worth noting is that the states with the highest sales tax are Louisiana, Tennessee, Arkansas, Alabama, and Washington. Also, per the Tax Foundation, the combined tax burden of California is on par with Wisconsin

As for kids being dumb, ever been to Mississippi, Arkansas, or Louisiana?

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theimmigrant (Feb 5, 2019 - 11:16 pm)

Most of the states receiving the most in federal spending all have massive black populations who barely vote.
Not sure if all the military bases in the south count. West Virginia is just poor/ruinous.

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dingbat (Feb 6, 2019 - 11:34 am)

New Mexico, Kentucky, and Montana make up 3 of the top 5 recipient states.

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whiteguyinchina (Feb 5, 2019 - 10:43 pm)

the funniest thing is, the fed govt takes that 7.75%, buys some treasuries with it, and gives the taxpayer an IOU for which they, the taxpayer, are liable for in case of default.

and then that real money goes to a private corp like Blackwater or Lockheed which does not keep true and accurate records for inspection as a matter of national security.

better still, the tech that the public funds are used to develop, such as UFOs or microwaves, remain private IP which is later sold to public for more profits.

it's an amazing scam.

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whiteguyinchina (Feb 5, 2019 - 10:48 pm)

it's like the entire US working class is subsidizing a ruling corporate elite!!! kinda like an oligarchy or fascism or something

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bangbus (Feb 5, 2019 - 11:14 pm)

It's more like an aristrocay with modern titles.

Gotta brush up on your clique theory bro

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theimmigrant (Feb 6, 2019 - 7:46 am)

http://www.cliquetheory.com

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