12/16/2005 10:38:14 AM
you could argue the French were more economically efficient to allow their elderly to just die in the heatwave rather than hang around consuming their nation's resources.anyway if these ignorant eurofuckers are implying they'd rather live in Mississippi than Spain I say more power to them.
12/16/2005 10:44:21 AM
12/16/2005 1:28:11 PM
12/16/2005 1:42:24 PM
12/16/2005 2:59:55 PM
Lonesnark has totally kicked the collective arses of everyone in this thread.Seriously.You people should stop pretending that you know what you are talking about.
12/16/2005 3:21:27 PM
12/16/2005 3:37:43 PM
12/16/2005 3:43:30 PM
12/16/2005 3:45:37 PM
12/16/2005 4:10:25 PM
12/16/2005 4:45:50 PM
Actually there is quite a correlation between marginal tax rates and "activities that reduce an individual's tax burden", such as lying on tax returns, increasing charitable giving, and investing in different tax preferential instruments. If it makes you feel any better there is almost no response to the marginal tax rate until i think about 200,000 dollars, and after that the response skyrockets. A good readable article would be Feldstein's "The Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the 1986 Tax Reform Act" in the June 1995 Journal of Political Economy.
12/16/2005 9:01:11 PM
^^ Easy. (I'm away and only have time for a quick post, so I choose to respond to Kris for "old times sake"Ok, What percentage of tax payers currently lie on their federal income tax returns? More than zero? Now, in a hypothetical, reduce the marginal tax rate to zero and eliminate the concept of an "income tax return." Ok, what percentage of citizens at this point are lying on their tax returns? Zero? "Not applicable, no such thing as an 'income tax return' exists"? Either way, the answer is not a number greater than zero. It is purely hypothetical, to be sure. But I do have historical evident. In the year 1912 exactly ZERO United States citizens were arrested and charged with federal income tax evasion. Just a few years later the tax rate was increased from "Zero" to "a percentage greater than zero" and, low and behold, we suddenly had people breaking the law by lying on their federal income tax returns! Now, perhaps it is merely a correlation, but if you have a stupid request to prove what should be common sense (that people respond to both incentives and disincentives) then you will get a rediculous answer. Just pointing that out. [Edited on December 17, 2005 at 2:18 AM. Reason : ,.,]
12/17/2005 2:15:08 AM
this thread was over when LoneSnark (who I might not agree w/ on many other points), said this:
12/18/2005 11:21:31 AM
Kris decided to tangent the thread towards communist philosophy. Of course, I probably should have included a proviso or two. Such as "Any society that doesn't nightly have people rioting in the streets, nor people vanishing in the middle of the night, is a resounding success.
12/18/2005 8:40:01 PM
so when can we stop doing business with China?
12/18/2005 8:47:34 PM
12/18/2005 9:05:32 PM
well, would it sound more rational to compare Burkina Faso to France?
12/18/2005 9:09:09 PM
Merely generalizing. Perhaps I should have tried Zimbabwe?
12/18/2005 11:10:56 PM
Where would Norway rank?
12/20/2005 12:30:03 AM
now they would rank just below all states, they used to be ahead of us but theyve dropped behind in the last couple of years
12/20/2005 12:35:14 AM
So right around even with North Carolina then?Really, those numbers don't make Europe look that bad, especially when you consider that t3h l00t is more evenly devided over there. I mean, West Virginia is a pretty nice place...
12/20/2005 12:40:18 AM
^not at all, I dont think anyone is claiming europe is a shitholeTheir GDP per capita is fantastic, its the gdp growth that is somewhat troubling especially in France and Germany.The more interesting part of this study was where they showed what percentage of the population fell below the US poverty line. It was 40% in Sweden and greater than 50% in some countries. [Edited on December 20, 2005 at 12:56 AM. Reason : ]
12/20/2005 12:52:02 AM
^That's relative to the cost of living in action.[Edited on December 20, 2005 at 1:22 AM. Reason : a]
12/20/2005 1:22:40 AM
Having read a lot of articles about the topic and having been both in the US and many European contries I feel there are a lot of factors forgotten or not taken into account when comparing and passing judgement. 1. All the European countries are very different and their performance in different areas vary greatly. So it is not fair to make sweeping generalizations. 2. It is unfair to use Germany in the comparisons as they have had very special problems to deal with. Like the reunification. 3. The statistics regarding below poverty line is misleading. I can remember the exact number now but if one compares the 5-10% of people who earn the least in Sweden and the US, the American counterparts are way below. And this fits better with what one actually observes in each country. One does not see the same poverty and depravity, slums etc in Sweden as in the US. There are a lot of factors that need to be taken into account before one can say whether the American economic model works better than the European. I remember reading an article in the Economist which basically argued that Europe was doing no worse than the US in economic growth and development if you take following factors into account:1. The American population increase much more rapidly than the European leading to higher growth numbers for the economy. But that doesn't mean that the growth per capita is that high.2. Over the last 20-30 years work hours in the US has increased while it has decreased in Europe. Economic output per hour worked is in fact similar in the US and Europe.3. America is running much higher deficits which over of course will stimulate the economy more, but that can not go on for ever. Coming from Norway I also feel inclined to say that high taxes and good welfare system does not hinder development. If it did, how come the Nordic countries are among the richest in the world, when we have the highest tax pressure, minimum wage etc? Norway e.g. has the same GDP as the USA with PPP adjustments. Before one starts pointing at the fact that Sweden and Finland has lower. Remeber, that final took a huge hit from the collapse of the Soviet Union. They have a lot of catch up to do. But now and for many years they have had a high economic growth rate despite generous welfare system. Having said all this, I do still believe that a more free market economy like the American does lead to slightly better economic development than the European model. However at what price? At almost all indicators not having to do with material wealth Europe is doing better: Health care, Education, Life expectancy, crime, leasure etc. And not just a little better, a lot better! The difference is much bigger than the difference in economy. E.g. prison population, homocides etc are double digit times higher in the US than in most european countries.
1/5/2006 10:17:40 AM
I just want to point out that comparing the United States to Nordic countries is a rather goofy exercise. They have smaller populations and few if any minorities. Size makes a difference since smaller nations have much more nimble economies and require less hierarchy and bureaucracy to function. Large minority populations can cause ethnic tensions, especially if the minorities come from poorer nations that have large cultural differences with the "mainstream".For that matter, this entire exercise is silly considering the various circumstances. Reunification, massive illegal immigration, just to name a few.
1/5/2006 4:20:26 PM
1/5/2006 6:52:25 PM
1/7/2006 12:00:30 PM
1/7/2006 12:21:17 PM
1/7/2006 10:41:14 PM
i got into an argument over this with a friend whose currently in grad school at Campbell for his MBA. apparently there are a ton of different sources on this issue...he claimed that Sweden isnt anywhere near as free as us, citing some crazy figure about 90% of their work force working in government owned businesses or something. that seems silly, from all ive seen and heard, they just manage their taxes and budget differently. i commend them on taking care of the citizenry while maintaining an ethical, successful capitalist system. same goes for norway and finland, oil or no oil. france and germany? well, they spend a lot more on defense stuff and EU projects than scandinavia, that might have something to do with their mismanagement in comparison.then again, his black/white views of all gov. intervention being in line with some grand marxist/leninist sceme lead me to believe something is in the water down at buies creek...
1/8/2006 1:14:27 AM
1/8/2006 12:46:49 PM
^no, not at all. i was talking about my friend in grad school at Campbell. Their worship of certain economists and damnation of others leaves something to be desired.ha, didnt realize you were from that area.[Edited on January 8, 2006 at 4:46 PM. Reason : .]
1/8/2006 4:46:03 PM
1/8/2006 5:40:05 PM
1/8/2006 5:57:24 PM
someone needs to call campbell's business school and fire all the professors, then. i knew that figure was full of shit.
1/8/2006 6:43:38 PM
here i'll highlight the important parts
1/8/2006 8:16:20 PM
1/9/2006 1:06:22 AM
1/11/2006 5:56:37 PM
Wow, where did you get that graph? That information would be excellent to have for other countries, too
1/11/2006 6:13:28 PM