conservation of Euros
in [Design]
|
Prev: Which type of volatile RAM has the least duration of data remanencewhen power-offed?
Next: Analog Circuits (world class designs) B. Pease
From: Greegor on 18 May 2010 14:20 Sloman, Do you see yourself as egotistical, smarter, or superior to other people? In the US, your arguments and reasoning are more typical of the occasional misfit, usually 17 or 18 years old and struggling for IDENTITY, and going for shock value. Generally, these people lack real world experience, and so obsess about the ACADEMIC. As they get more real world experience, they soon realize the difference between academia and real world. Did you think that the KOOK LEFT was populated mostly by PRODUCERS? You claim you are over 50, yet you still place great stock in academic sources, and you claim to be an Aussie ex pat living off your wife in Netherlands, yet you obsess about economics in the USA. Your situation as you've described it is a bit like a cartoon! A 50+ year old misfit NON-PRODUCER who lives off his wife and advocates socialism? How amazing is that? There are some American retirees who were cold hard capitalists but lost almost everything in 2008-2009 and now that they see themselves as recipients of socialistic handouts, they are more receptive to ideas of socialism. How amazing is that?
From: Joerg on 18 May 2010 14:42
krw(a)att.bizzzzzzzzzzzz wrote: > On Mon, 17 May 2010 14:31:43 -0700 (PDT), dagmargoodboat(a)yahoo.com wrote: > >> On May 17, 4:05 pm, "keith...(a)gmail.com" <keith...(a)gmail.com> wrote: >>> On May 17, 3:53 pm, dagmargoodb...(a)yahoo.com wrote: >>> >>> >>> >>>> On May 17, 3:41 pm, "keith...(a)gmail.com" <keith...(a)gmail.com> wrote: [...] >>>>> Again, you're missing the point. With after-tax savings you're >>>>> *already* paying that tax. If the "Fair Tax" is implemented you get >>>>> to pay the "consumption tax" on the *AFTER-TAX* money. >>>> I'm not missing the point, I just think you're mathematically wrong. >>>> If the thing costs $1 today, or $0.77 plus $0.23 Fair Tax tomorrow, >>>> what have you lost? Where have I gone wrong? >>> Because it cost me $1.40 yesterday (when I earned it) to have the >>> $1.00 today, >> If you paid taxes already under the old system then you were screwed >> *yesterday*. That can't be fixed-it's gone. Sorry. Me too. > > No, I was playing the game by the rules yesterday. Today the government > change the rules after the game was in play. The winner is the one who spent > every dime he ever made, not the one who took care of his life. > Many of the ones who took care of their life will then move, to some places outside the US, and escape such confiscatory "fair tax" should it ever happen. Who knows, Baja, NZ, some island ... because then the problem simply goes away. The consequences? Even more layoffs here. >>> and tomorrow (after I retire, take it out of the bank, >>> and spend it) it only buys $.77 worth of stuff. >> $1 only buys $0.77 worth of _stuff_ today, say the Fair Tax people >> (AIUI). The rest goes to taxes hidden in the item's price. > > Fine, if it really works, but that was not my point. > It doesn't work. >>> If I tax-deferred the >>> $1.40, I could buy $1.00 worth of stuff. Any after-tax savings (that >>> is socked away before the change) gets hammered *twice*. >> If you had tax-deferred the $1.40, you'd escape the indignities of the >> old system. That's a windfall (assuming Congress allows it). > > If they don't, I'll yank it all out and spend it. I may do that anyway. > Property looks like the only thing worth having. > Sure does. I am thinking about the same. But how do you avoid the hassles of being a landlord yet not pay humongous amounts to some property management place? >> Going forward though, with income-taxed money, the $1 we have left >> still buys the same with or without the Fair Tax. $1 with embedded >> tax burden hidden inside it, or ($0.77 actual price + $0.23 Fair Tax) >> both cost you $1 at the register. No loss of purchasing power. >> That's the contention, AIUI. > > Ok, but that doesn't help the people who have saved all their lives, which was > the point of this threadlet. Exactly. -- Regards, Joerg http://www.analogconsultants.com/ "gmail" domain blocked because of excessive spam. Use another domain or send PM. |