4 ms·

Better distribution is through capital tax, not income tax. Taxing workers even more is the opposite of sharing productivity gains captured by shareholders. Are

Better distribution is through capital tax, not income tax. Taxing workers even more is the opposite of sharing productivity gains captured by shareholders. Are capital gains and dividends taxed at least at 70% in Sweden?

kazinator 4y ago
1. Salary is your company's money that becomes your money. 2. Capital tax is tax on your company's money. 3. Income tax is tax on your money. With either tax, the economic system that consists of you and your employer is being robbed. Speaking of which, if someone takes your groceries and runs, just before you have paid for them, that is shoplifting. If it's just after you paid, it's robbery. You might think you're better off with the former, but shoplifting raises prices; some of it is shifted onto you, so that it is effectively robbery.
- tarsinge 4y ago
  The situation is trickle down from laissez-faire is definitely proven wrong just by the situation we are in and is the starting point of the discussion. Tax is just a tool to correct the failure of the system of failing to correctly redistribute productivity gains from workers starting a few decades ago (and the point above is with the promises of LLM it’s crucial we address that situation). Robbery or not is not the debate here, income tax higher than capital tax is just a good candidate cause and solution (given historical data), but of course we can discuss alternatives.
  - oort-cloud9 4y ago
    [dead]
- camgunz 4y ago
  1. Companies only have money because of the work I and others do. 2. It doesn't follow that when companies have more money their workers get more. Evidence is: record profits concomitant with layoffs, corporate profits vs wages, etc etc. 3. Taxes fund a government that answers to me. Capital powers corporations that not only don't answer to me but likely want to exploit me.
  - kazinator 4y ago
    The government does not answer to you; it answers to corporations and the rich. That's why taxes are instigated where they are.
    - camgunz 4y ago
      If what you were saying were true, there would be no corporate tax, and probably no worker protections, no social safety net, no building safety standards, no regulatory apparatus, no antitrust, etc etc. I like that stuff, and I'm pretty confident corporations wouldn't have done it themselves without a democratic government forcing them to. There's a meaningful difference between democratic governments and corporations, and governments don't have to be perfect for this to be true.
- imtringued 4y ago
  >With either tax, the economic system that consists of you and your employer is being robbed Except differences in tax rates will have significant impact on what type of income people want to earn. If personal income is taxed lower than capital, then people will want to increase their income through work. If personal income is taxed higher than capital, people are incentivized to build more machines than the economy needs and this will put people out of work.

kazinator 4y ago

1. Salary is your company's money that becomes your money. 2. Capital tax is tax on your company's money. 3. Income tax is tax on your money. With either tax, the economic system that consists of you and your employer is being robbed. Speaking of which, if someone takes your groceries and runs, just before you have paid for them, that is shoplifting. If it's just after you paid, it's robbery. You might think you're better off with the former, but shoplifting raises prices; some of it is shifted onto you, so that it is effectively robbery.

tarsinge 4y ago
The situation is trickle down from laissez-faire is definitely proven wrong just by the situation we are in and is the starting point of the discussion. Tax is just a tool to correct the failure of the system of failing to correctly redistribute productivity gains from workers starting a few decades ago (and the point above is with the promises of LLM it’s crucial we address that situation). Robbery or not is not the debate here, income tax higher than capital tax is just a good candidate cause and solution (given historical data), but of course we can discuss alternatives.
- oort-cloud9 4y ago
  [dead]
camgunz 4y ago
1. Companies only have money because of the work I and others do. 2. It doesn't follow that when companies have more money their workers get more. Evidence is: record profits concomitant with layoffs, corporate profits vs wages, etc etc. 3. Taxes fund a government that answers to me. Capital powers corporations that not only don't answer to me but likely want to exploit me.
- kazinator 4y ago
  The government does not answer to you; it answers to corporations and the rich. That's why taxes are instigated where they are.
  - camgunz 4y ago
    If what you were saying were true, there would be no corporate tax, and probably no worker protections, no social safety net, no building safety standards, no regulatory apparatus, no antitrust, etc etc. I like that stuff, and I'm pretty confident corporations wouldn't have done it themselves without a democratic government forcing them to. There's a meaningful difference between democratic governments and corporations, and governments don't have to be perfect for this to be true.
imtringued 4y ago
>With either tax, the economic system that consists of you and your employer is being robbed Except differences in tax rates will have significant impact on what type of income people want to earn. If personal income is taxed lower than capital, then people will want to increase their income through work. If personal income is taxed higher than capital, people are incentivized to build more machines than the economy needs and this will put people out of work.