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View Diary: Free Money for the Poor--Could This Approach Work in the United States? (112 comments)

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  •  Uh hum... (3+ / 0-)

    from the post:
    "Switzerland's government already consumes 34.7% of the GDP with the current (high) taxation rate,"
    from Wikipedia:(http://en.wikipedia.org/...)
    "Switzerland is sometimes considered a tax haven due to its general low rate of taxation" (and they do have charts)
    An interesting chart: (though it doesn't mention Switzerland)
    http://www.economist.com/...
    Note that this chart compares the effective tax rates for those making $100k  and includes FICA - those making more in the US pay effectively less .
    And two others: (for comparison)
    http://taxfoundation.org/...
    and the truth:
    http://money.cnn.com/...

    •  So you don't like my 34.7% figure? (2+ / 0-)
      Recommended by:
      Sparhawk, Neuroptimalian

      Here's the source, which is indirectly the CIA factbooks.

      The Wikipedia figure of about 30% is from 2005.

      Trying to raise money via corporate tax in this age (is that what you're arguing for?  It's not immediately clear to me) is a fool's errand, as there's international competition driving it down and ample reason to switch tax jurisdictions (which is how Switzerland got many of its corporations in the first place.)

      •  I guess we'll just have to roll over and die (2+ / 0-)
        Recommended by:
        RabbleON, johnrhoffman

        We can't tax corporations because they'll just move.
        We can't tax the rich because they'll just move.
        We can't raise wages because the employers will just move,
        We can't have universal health care because it's politically impossible.
        We can't stop the banks because they're too big.
        We are all going to roast to death because we can't give up oil.
        Do I have to go on?

        •  The Swiss don't use the Euro. They control their (0+ / 0-)

          own currency, just like we do. The US dollar or Swiss Franc is established by the People through their Govts. US dollars don't exist in nature. Every US dollar in existence was created by the authority of the US Govt (we currently guarantee private bank currencies so they are able to make US dollars in a sense, but only because Congress created the Fed).

          The only reason any of the things you mention seem impossible is because the rich people have convinced too many regular people that Our Nation must gets its own money from rich people. You think We are reliant on rich people, We the Govt and issuer of the dollar. hardly so.

          "The Earth is my country and Science my religion" Christiaan Huygens. Please join our Kos group "Money and Public Purpose". The gold standard ended on August 15, 1971, its time we start acting like it.

          by Auburn Parks on Tue Dec 31, 2013 at 01:29:48 PM PST

          [ Parent ]

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