RE: Bar stool economics
November 12, 2014 at 10:34 am
(This post was last modified: November 12, 2014 at 10:37 am by Heywood.)
(November 12, 2014 at 1:23 am)Surgenator Wrote: [quote='Heywood' pid='795026' dateline='1415767000']
How are you defining "marginal tax cut"? I take it you mean a reduction in the marginal tax rate?
Whatever the percent pay distribution was for the $100, apply that same percent distribution to the $80.
So if the richest man paid $60 dollars when the bill was $100 he should pay $48 dollars when the bill is $80? The richest man still gets the biggest refund or biggest liability drop in dollar terms looking at it from that way.
(November 12, 2014 at 1:23 am)Surgenator Wrote: Yes, the rich and poor do share some services. Here are some that they don't.
http://business.time.com/2013/01/30/bad-...oure-rich/
http://www.mercurynews.com/business/ci_2...gage-rates
I skimmed these and they aren't about government services. One claimed rich people pay less for auto insurance and another claimed rich people get better interest rates on mortgages.
(November 12, 2014 at 4:30 am)Cato Wrote: So, after all your blustering you agree that the government is required to give the poor some semblancce of benefit? Could you possibly imagine what the poor would be like if it weren't for the government wasting resources on 'ragbag of safetynet programs'?
Yes the government is wasting money with a rag bag of safety nets. They should just give poor people money in the form of a universal basic income.
(November 12, 2014 at 4:30 am)Cato Wrote: Since you've already proven yourself to be an economic dimwit, allow me to use the socratic method...
No Cato...you're the dimwit....I'm done talking to you.