SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (301673)8/29/2006 3:52:28 PM
From: Taro  Read Replies (1) of 1576346
 
Tim, were those quintels corrected for loss of money value?

Typically, what used to be done - and what still takes place in economies run by socialistic thinking like in Europe - is that some income limit set as a threshold for "higher incomes" vs "others", then of course 5-10 years from that, everybody now belong to that "higher income" bracket.

Thus, the additional "special tax adder for rich people", 5-10 years later hits 80%+ of all incomes. Those threshold limits seldom are modified so eventually everybody ends up in the top bracket.

That is how the sneaking tax increases just went out of control in Scandinavia and other socialistic thinking European countries years ago.

I know Ted - and his German friends - believe this is just great, but believe me, this is a prefect application example of the Laffer curves and how over taxation drags down the futures of average people as well.

Taro
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News