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 : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (15683)	4/21/2017 12:52:24 PM
From: Dracin72	Read Replies (1) \| Respond to of 365065

Koan nothing is free. I understand maybe its popular to label things like Tax Payer Funded education as Free Education but everything has to be paid by someone as nothing is free. You are correct if the tax payers fund free education for everyone that is indeed income redistribution. If you take Sweden which is perhaps one of the more successful socialist countries they have an income tax rate of ~57% at the highest rate which triggers at an equivalent of $88k USD. Their VAT is 25% and they come in a bit lower then us on corporate taxes at 22% but my guess is they have fewer loop holes. Now in order to pay for everything if we were to use the Swedish tax system we would be adding a significant portion of the lower class to the tax pool since in Sweden only poverty level isn't taxed so here in the US any earning over $16k for a single person would now be paying A LOT more in taxes. And the middle class here would also see a drastic increase in taxes. You have to sell that kind of tax structure to the American people before you can ever achieve any Nordic Like Social system.