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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (43363)	3/8/2001 8:24:53 PM
From: Gottfried	Respond to of 70976

Cary, I'm not advocating the Swedish model. The article on Sweden can provide some background, especially since they have some rather high tax brackets. That's why I posted the link. Gottfried@worryingAboutIntel.com

To: Cary Salsberg who wrote (43363)	3/8/2001 8:47:37 PM
From: Jerome	Read Replies (1) \| Respond to of 70976

The US has never even thought about socialism The politicians didn't... but American Literature, Song and ART gave it a lot of mentions For literature the was Grapes of Wrath, Canary Row, Tobacco Road, and the Jungle by Upton Sinclair. For Art there was Diego Rivera that painted that huge several hundred foot long mural in the Detroit Museum of ART. Henry Ford hated that Mural and offered huge donations to the museum to have it over painted. The mural is still there and Henry Ford is gone.Diego Rivera was considered a socialist, and communist, and everything else the Republicans at that time feared. For weekly literature I think there was a magazine called the Mercury. Very socialistic as I recall. Some older thread viewers might correct me on this. For Song: I'll have to do some research as none come to mind at the moment. For public movements the was the AFL, CIO, Coal and Steel workers Union. At that time (not now) those organizations made no bones about their socialistic leanings. Two things changed all that: The new Deal, and World War 11 Perhaps the frequent thread posters could post their earliest political recollection. My earliest recollection was V.E. Day followed by VJ Day. I was six at the time. I got to read a lot about politics and business at that time because I was one of the smallest baseball players in the neighborhood, and when the afternoon paper came out the big guys got the sport section and the crosswords and I was left with the business news and the editorial section. By the time I got to high school I got to like those two sections. Regards, Jerome

To: Cary Salsberg who wrote (43363)	3/8/2001 9:12:42 PM
From: mitch-c	Read Replies (4) \| Respond to of 70976

OT - another tax plan Hey, this one impressed my dad when I came up with it a few years back ... kick it around. Although I disagree with income taxes (vs. sales or consumption taxes), this might work. Definitions: m - minimum wage ($per hour) my - man year (normal work hours/year) r - tax rate (flat for everyone) e - annual earnings t - annual tax due Plan: t = r * (e - (m*my)) The resulting marginal tax rates are a horizontal hyperbola, zeroed at the minimum wage level and asymptotic to the flat rate. It's a smooth curve - there are NO brackets. Both the minimum wage and the tax rate are set by legislation, as now; however, the exemption is coupled to the minimum wage. An increase in the minimum wage AUTOMATICALLY increases the exemption - effectively cutting taxes for everyone. To close that feedback loop, one would expect the minimum wage to bear a relationship to the poverty level and/or inflation, thus counteracting the current phenomenon of bracket creep. Thoughts? - Mitch@chewmeupanspitmeout.gov