What's new

China's social credit system

I was just explaining my thoughts and technical part, not my preferences (i.e the wish of the POTUS is not enough in real world to spy on you). Of course, i was taught at the university, that power will ruin the person. I guess that is true. Of course, i depends on the specific person, but i presume, that the only difference is the price :). I.e even the most honest person can be bribed, but whether it is cost effective or not, is another matter.

For example, in my country in my capital, the party who won the city election, got their majority votes from those who earn mostly less than average salary or are russians who dislike the political parties which are mostly favoured by Estonias. However, as the Estonians are somewhat divided (some are leftists, some are centric, some are righties, some are something in between, some are dumb i.e do not know what or who is Ohm's law ). So they only need to promise something a la free local public transport in Tallinn and they got the power. Later they increase the local land tax :). For example, i paid for a 1600 m2 land in the suburb of Tallinn around 150 euros per year until 2008. After that it was increased by the city to almost 600 euros. The caveat is that the those who like public transport, live in big apartment buildings and those who do not live in a private house. Regarding the taxes, if you are over 65, then your land tax is quite small, a la the same land would be about 100 euros. Thankfully, the goverment of the country passed a law around 2010, that up to 1500 m2 of your primary private property land is free assuming you do not have registered any business entity to it.
I have no idea what you are talking about as it relates to this discussion.
 
The US in the 1950s? Has any country taxed the wealthy more than that? Which countries are the ones that failed by taxing the wealthy?



However, the reality of diminishing returns also begins to apply. If you invest a billion dollars in Monaco, you won't get close to the same return as investing the same amount in the US, even after higher taxes are considered.
You are such a One Brow.
 
The US in the 1950s? Has any country taxed the wealthy more than that? Which countries are the ones that failed by taxing the wealthy?



However, the reality of diminishing returns also begins to apply. If you invest a billion dollars in Monaco, you won't get close to the same return as investing the same amount in the US, even after higher taxes are considered.

You do understand that there were loopholes big enough to drive a yacht through when those rates were being used, right? That rate applied to about 10,000 families and each one of them used other methods to not pay that rate, chief among them were switching income to dividends which were hardly taxed at all.

Of course you know this, you are just throwing that garbage out there because you think the rest of us are stupid.
 
You do understand that there were loopholes big enough to drive a yacht through when those rates were being used, right? That rate applied to about 10,000 families and each one of them used other methods to not pay that rate, chief among them were switching income to dividends which were hardly taxed at all.

Of course you know this, you are just throwing that garbage out there because you think the rest of us are stupid.

Would you like to provide is with some numbers on that? I'm sure someone out there's done a deep dive into effective tax rates... right? You wouldn't just be saying that because a talking head told you so?
 
Average-Effective-Tax-Rate-on-the-Top-1-Percent-of-U.S.-Households.png
 
I assume that you will accept Thomas Piketty as a source?

It's a great source. So good, it's like I'd seen it before.

Unfortunately, I have seen it before. The sources are credible, but it really isn't illustrating an effective measure of the difference between 1/.1% then and now. Is it? Who had 300M in 1950 compared to now? If there wasn't anyone in the $30M-$300M range in 1950, isn't the sample provided kinda... selective?
 
According to that chart they paid quite a bit more. 6% of hundreds of millions times 10,000 people = hella dough I bet.
And from what I have seen in 2018 they pay way less than 2014 (the mid 20's)

Sent from my ONEPLUS A6013 using JazzFanz mobile app
 
Last edited:
Of course you know this, you are just throwing that garbage out there because you think the rest of us are stupid.

Maybe they're all so stupid that they missed how you didn't provide an example of a country that failed by taxing the wealthy?
 
Back
Top