Would this be a superior economic system to the US?
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  Would this be a superior economic system to the US?		 « previous next »
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Author Topic: Would this be a superior economic system to the US?  (Read 10038 times)
tpfkaw
wormyguy
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« on: November 28, 2011, 03:23:14 PM »
« edited: November 28, 2011, 03:29:02 PM by Occupy Eugene, Oregon »
Taxes:

Progressive income tax with a bottom rate of 13% at a yearly income above $3,500 rising to 81% for income above $20,500.  Top tax rate is 69% for income received from wages, and income from pensions are tax-free.

9% flat payroll tax on wages to fund the pension system.

Progressive corporate tax and VAT that combined take 55% of an average business's profits, with lower rates for small businesses and state-owned enterprises and larger rates for big businesses.

40% flat tariff on imported goods.

Welfare state:

Retirement age at 60 for men and 55 for women, pensions equal 70% of pre-retirement earnings.

Disability insurance paying 100% of previous earnings if disability caused by injury on the job prevents the individual from working, or 90% if the disability was caused while not working.

All workers are guaranteed a right to employment, leisure, healthcare, material security, housing, and education including higher education.

Healthcare is run by a nationalized system and citizens are not charged for it.

Higher education is also nationalized and is also provided at no charge.

Housing is also nationalized and is provided at nominal rates, lower for individuals with lower incomes.

Banks are nationalized, deposits are fully guaranteed by the government.
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Хahar 🤔
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« Reply #1 on: November 28, 2011, 03:35:13 PM »
It wouldn't be great, but it would be preferable.
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CLARENCE 2015!
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« Reply #2 on: November 28, 2011, 03:46:42 PM »
I am not sure if I am reading it correctly... someone making above $20K gets taxed 81% of their income?
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Antonio the Sixth
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« Reply #3 on: November 28, 2011, 03:52:29 PM »
Quote from: Χahar on November 28, 2011, 03:35:13 PM
It wouldn't be great, but it would be preferable.
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Snowstalker Mk. II
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« Reply #4 on: November 28, 2011, 06:04:17 PM »
Let me guess--it's Nazi Germany.
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Хahar 🤔
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« Reply #5 on: November 28, 2011, 06:12:33 PM »

It clearly isn't.
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tpfkaw
wormyguy
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« Reply #6 on: November 28, 2011, 06:15:22 PM »

Nope.
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Snowstalker Mk. II
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« Reply #7 on: November 28, 2011, 06:40:02 PM »

Khmer Rouge?
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tpfkaw
wormyguy
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« Reply #8 on: November 28, 2011, 06:46:11 PM »

No.
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Snowstalker Mk. II
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« Reply #9 on: November 28, 2011, 07:18:40 PM »
Is it some not-so-democratic regime?
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tpfkaw
wormyguy
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« Reply #10 on: November 28, 2011, 07:21:33 PM »

You could say that but that's not really the main point I'm making.
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Marokai Backbeat
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« Reply #11 on: November 28, 2011, 07:45:24 PM »
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opebo
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« Reply #12 on: November 28, 2011, 07:57:44 PM »
Infinitely preferable unless you are a privileged under the current abusive system.
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Okay, maybe Mike Johnson is a competent parliamentarian.
Nathan
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« Reply #13 on: November 28, 2011, 09:44:14 PM »
What are those tax rates if adjusted for inflation/PPP/living standards?
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Marokai Backbeat
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« Reply #14 on: November 29, 2011, 01:00:54 AM »
Quote from: Occupy Eugene, Oregon on November 28, 2011, 07:21:33 PM

You could say that but that's not really the main point I'm making.

What point would that be, exactly?
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Napoleon
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« Reply #15 on: November 29, 2011, 04:27:44 AM »
No. Those tariffs and tax rates would be an immediate disaster.
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courts
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« Reply #16 on: November 29, 2011, 04:30:43 AM »
Quote from: No Good Napoleon on November 29, 2011, 04:27:44 AM
No. Those tariffs and tax rates would be an immediate disaster.

I'm surprised certain people haven't spoiled where it is based on that information alone. I mean I'm not exactly an expert but I thought that made it pretty obvious...
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Antonio the Sixth
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« Reply #17 on: November 29, 2011, 04:54:22 AM »
Greece ?
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courts
Ghost_white
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« Reply #18 on: November 29, 2011, 05:24:23 AM »

You should know by now that's too subtle for the OP.
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Marokai Backbeat
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« Reply #19 on: November 29, 2011, 05:36:24 AM »
It's the Soviet Union, people.
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opebo
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« Reply #20 on: November 29, 2011, 06:04:06 AM »

You know just the other day some drunken Russian started hassling me in a short-time hotel lobby.  I was just handing around waiting for a girl, and he came in with his choice.. needed change, and started waving the largish note in my face, poking me on the shoulder.  He asked where I was from, said 'America cheap! I from Soviet Union - STRONG!'.  He was like a better muscled Borat.  I got up and high-tailed it.. hope I didn't let down my country.
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tpfkaw
wormyguy
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« Reply #21 on: November 29, 2011, 09:41:53 AM »

Congratulations, Mint gets a prize!

(Well not really, because I told him).
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Filuwaúrdjan
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« Reply #22 on: November 29, 2011, 09:47:36 AM »
It misses out the most important features of the Soviet economic system (including the ones that guaranteed eventual disaster) and so is just a little on the dishonest side, but then I suppose we should expect that from you.
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tpfkaw
wormyguy
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« Reply #23 on: November 29, 2011, 09:50:12 AM »
Quote from: Sibboleth on November 29, 2011, 09:47:36 AM
It misses out the most important features of the Soviet economic system (including the ones that guaranteed eventual disaster) and so is just a little on the dishonest side, but then I suppose we should expect that from you.

So I suppose you're a Thatcherite on the coal mine issue?
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Filuwaúrdjan
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« Reply #24 on: November 29, 2011, 09:55:10 AM »

The coal mine issue? What was 'the coal mine issue', exactly?
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