Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Support the French! Viva Democracy! -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (5000)	2/1/2004 1:01:40 PM
From: 49thMIMOMander	Respond to of 7844

I would actually like to know what and why you claimed about the "the old property tax formula". Seen from my perspective, moving away from property tax funding of education seems like something which should have been done in US alread in the 1930s, but that obviously demands some other (existing) way of pooling funds. In our case, an appr 20% flat-tax income tax (with some basic deductions) for both local education, health care, plus elderly care, etc,etc (plus roads, sewage, police, courts,etc) (another flat-tax, appr 19%, goes to pensions) Then, for the higher income brackets, a progressive "federal" tax which is used to increase the efficiency, productivity of the whole nation (plus for higher education,government, army, etc) One basic idea that the higher the income, the more one is dependent on the whealth of whole nation, and the higher the tax should be. That is, something like 50% of income seem to always go, on the average, to basic stuff like basic eduction, healthcare and pension (plus the sewage,roads,police,courts,etc) One blessing is that one do not need an obligatory insurance for uninsured drivers, just to pick one funny example. (insurance for uneducated citizens, to relate to education)