11–20 of 67 posts
The fundamental title and premise of the article is quite inaccurate. https://tcdata360.worldbank.org/indicators/hh.mkt?country=BR... Clearly market concentration has been going DOWN worldwide since 1988. It's important to get your basics correct.
In comparison to our peers the U.S. is under taxed. The OECD average is 34.2%. What makes the average person feel overtaxed is the combination of federal income tax, state income tax (where it occurs), along with stagnant wages and high medical care costs. The U.S. spends far more per capita on healthcare than any other OECD nation.
It is easy to convince a significant portion of average Americans that taxes are too high. So they vote for politicians that promise to lower taxes. Except they don’t lower taxes for average people. In a properly functioning political system this disconnect between promise and actuality would be taken care of at election time. In my lifetime I’ve not seen this happen and my political memory starts with the Reagan administration.
Due to globalization and the ability of the top 0.1% to easily move money from country to country and to easily move citizenship from country to country one can no longer reasonably make the case that what is good for the top 0.1% is necessarily good for the country. The intersts of the nation as a whole and the interests of the top 0.1% are badly misaligned.
The U.S. is politically unhealthy and until this changes I see no hope for improvement. I think only a shock to the system will really change things.
Making matters worse, America’s low tax-to-GDP ratio – just 27.1% even before the Trump tax cut – means a dearth of money for investment in the infrastructure, education, health care, and basic research needed to ensure future growth. In comparison to our peers the U.S. is under taxed. The OECD average is 34.2%. What makes the average person feel overtaxed is the combination of federal income tax, state income tax (w…
Are those countries broken too?
[1]https://en.wikipedia.org/wiki/List_of_countries_by_tax_reven...
Making matters worse, America’s low tax-to-GDP ratio – just 27.1% even before the Trump tax cut – means a dearth of money for investment in the infrastructure, education, health care, and basic research needed to ensure future growth. In comparison to our peers the U.S. is under taxed. The OECD average is 34.2%. What makes the average person feel overtaxed is the combination of federal income tax, state income tax (w…
United states is 26% tax to GDP. Australia is 27.8%. Switzerland is 27.8%[1] Are those countries broken too? [1] https://en.wikipedia.org/wiki/List_of_countries_by_tax_reven...
The irony of monopoly is that when broken upmitntypically benefits the former monopoly parts. Rockefeller Made more money after being broken up than he had as a monopolist. AT&T has underperformed since being reassembled from its post-breakup pieces, which had flourished with competition.
The Rockefeller example, though frequently cited, is a red herring. Those companies were thereafter known as the "Seven Sisters" and not exactly known for truly competing with each other. There was also a comment here I read recently about Rockefeller being a pretty activist shareholder, in the sense that he arranged meetings--using his considerable clout--among heads of the resulting companies, many of which were hi…
Making matters worse, America’s low tax-to-GDP ratio – just 27.1% even before the Trump tax cut – means a dearth of money for investment in the infrastructure, education, health care, and basic research needed to ensure future growth. In comparison to our peers the U.S. is under taxed. The OECD average is 34.2%. What makes the average person feel overtaxed is the combination of federal income tax, state income tax (w…
Its really difficult to compare. Healthcare is a big difference, if we relabeled health insurance as a tax, US tax rates would be very high.
The irony of monopoly is that when broken upmitntypically benefits the former monopoly parts. Rockefeller Made more money after being broken up than he had as a monopolist. AT&T has underperformed since being reassembled from its post-breakup pieces, which had flourished with competition.
Is that's the case then why don't companies voluntarily break up?
I guess it’s some combo of effort/risk? Collect a monopoly rent rather than take greater risk?
Your question is not unknown to economists and there is no clear answer.
Making matters worse, America’s low tax-to-GDP ratio – just 27.1% even before the Trump tax cut – means a dearth of money for investment in the infrastructure, education, health care, and basic research needed to ensure future growth. In comparison to our peers the U.S. is under taxed. The OECD average is 34.2%. What makes the average person feel overtaxed is the combination of federal income tax, state income tax (w…
Let’s be honest, tax cuts may be bad policy, but it is not true that they haven’t been lowered for the average person. Rates are down, standard deduction is up.
Making matters worse, America’s low tax-to-GDP ratio – just 27.1% even before the Trump tax cut – means a dearth of money for investment in the infrastructure, education, health care, and basic research needed to ensure future growth. In comparison to our peers the U.S. is under taxed. The OECD average is 34.2%. What makes the average person feel overtaxed is the combination of federal income tax, state income tax (w…
Here's what I think:
- No corporate taxes - No income tax deductions - No income tax exemptions - Lower income tax rates across the board - Income tax rate is calculated by a continuous function based on your income - Such a function would be based on existing effective tax rates
Done correctly, such a reform would be much simpler, easier to deal with, and revenue neutral.
This is the inevitable result of efficiencies of scale. With computers, databases, instant communications, why would a business be restricted in anyway to expand as far as it can once it has perfected whatever it is selling. In the long run, it would be beneficial for all consumers to be able to select from multiple sellers, but in the short term, it's beneficial for each consumer to purchase from the whomever is giv…
In some countries, said behavior is literally illegal or impractical. Killing small business would be the death of capitalism and freedom.