chartpolski 23,315 Posted August 22 Report Share Posted August 22 The “Laffer Curve” is interesting. To reduce it to absolute basics, if you start to tax people the income from that tax reaches a maximum at about 50% tax rate then as you tax more than 50%, tax revenues start dropping off and if you reach 100% tax the revenue is nil ! Im certainly no economist but I’m assuming once you start taxing people over a certain rate they simply leave and relocate to a place with a less punitive tax regime, or maybe reach a certain point and stop making more money as the time and effort isn’t worth it when the tax removes any incentive. Its disputed by some economists but recognised by others, but I can’t see the point of working if you are going to have all of it taking in tax ! Cheers. 3 Quote Link to post Share on other sites
WILF 46,687 Posted August 22 Report Share Posted August 22 8 minutes ago, Pewit said: You spitting the dummy out again because I've exposed your complete bullshit, tax everyone equally, you live in cuckoo land son. I see the wheels are coming off your latest incarnation……have fun ! Lol Quote Link to post Share on other sites
Pewit 970 Posted August 22 Author Report Share Posted August 22 2 minutes ago, WILF said: I see the wheels are coming off your latest incarnation……have fun ! Lol Let's make this even simpler for you. Imagine one person has 100 beans, and another has 10 beans. If both give away 2 beans, the person with 10 beans is left with only 8, a much bigger impact on their overall supply. But the person with 100 beans still has 98 left, he will hardly notice the loss, exactly the same as you said! Lol Quote Link to post Share on other sites
Pewit 970 Posted August 22 Author Report Share Posted August 22 5 minutes ago, WILF said: I see the wheels are coming off your latest incarnation……have fun ! Lol The wheels are still turning pal, you're now tapping out and begging for a ban! Lol Quote Link to post Share on other sites
WILF 46,687 Posted August 22 Report Share Posted August 22 9 minutes ago, jukel123 said: Yes but the differential is not between 6 beans and 8 beans. Its 6 beans and 6000 beans and the differential is growing all the time. Capitalism is king but not our brand of capitalism which consists of grinding the poor down paying washers and making them work until 67. Our country as the report shows is one of the more unequal societies in the developed world. And its getting worse. Let's have nordic style capitalism. It'd not rocket science and its not too much to ask. You can alter the numbers but the logic remains the same mate……you probably drive a later model car than I do so if you’d be so kind as to sell your car, give me the differential in price so that I can buy a newer car and you end up with a car of a similar age then that would be great…..I’ll pm my address so you can send the cheque ! Lol I won’t ask you why you drive a later model car, maybe you earned it ?……but that don’t matter in this conversation because you have more and I have less so give me some of yours……in fact don’t decide to give me it, I’ll send someone round to make you give me it and everyone’s a winner. That logic is set in stone my friend. 2 Quote Link to post Share on other sites
WILF 46,687 Posted August 22 Report Share Posted August 22 2 minutes ago, Pewit said: Let's make this even simpler for you. Imagine one person has 100 beans, and another has 10 beans. If both give away 2 beans, the person with 10 beans is left with only 8, a much bigger impact on their overall supply. But the person with 100 beans still has 98 left, he will hardly notice the loss, exactly the same as you said! Lol It’s not about if he will notice, it’s about if it’s fair…..they are 2 completely different things Let that sink in for a minute old chap 2 Quote Link to post Share on other sites
Pewit 970 Posted August 22 Author Report Share Posted August 22 (edited) 26 minutes ago, WILF said: It’s not about if he will notice, it’s about if it’s fair…..they are 2 completely different things Let that sink in for a minute old chap I don't think everyone would agree that it's fair. You didn't a few days ago when you were defending those on benefits that could possibly work and pointing out the fact that the bigwigs were out making a killing. You are completely ignoring the fact that if you taxed everyone equally those at the bottom would suffer and there would be an even bigger divide between the rich & poor. Edited August 22 by Pewit Quote Link to post Share on other sites
scotty12 1,905 Posted August 22 Report Share Posted August 22 How does the UAE operate ? Quote Link to post Share on other sites
king 11,972 Posted August 22 Report Share Posted August 22 It was only last week that I moaned about the amount of tax I pay every week.. But after what happened to me last Friday. and in my eyes the 1st class service I received from the ambulance paramedics and stoke University hospital..I was in theater in just over 5 mins upon arrival to the hospital.. I won't moan again about how much tax I pay..as my contribution and everyone else's is what allows the NHS to exist.. And what struck me lying on the bed wide awake in the theater with the surgeon working on me and the occasional vocal direction of a professor in the corner of the room was the total professional way they went about there work..very impressive to be honest.. As I've said before about real hero's them hospital staff and surgeons etc are another level..not these stupid singers and film actors who we are told are super stars..they ain't nothing in my eyes apart from a distraction from the real super stars of this world.. 6 2 Quote Link to post Share on other sites
chartpolski 23,315 Posted August 22 Report Share Posted August 22 1 hour ago, scotty12 said: How does the UAE operate ? In what respect mate ? Cheers. 1 Quote Link to post Share on other sites
keepdiggin 9,559 Posted August 22 Report Share Posted August 22 Viagra and steroids shouldn’t be mixed tbh 1 Quote Link to post Share on other sites
keepdiggin 9,559 Posted August 22 Report Share Posted August 22 3 minutes ago, keepdiggin said: Viagra and steroids shouldn’t be mixed tbh @king 1 Quote Link to post Share on other sites
king 11,972 Posted August 22 Report Share Posted August 22 1 minute ago, keepdiggin said: @king What you tagging me for ?? Quote Link to post Share on other sites
keepdiggin 9,559 Posted August 22 Report Share Posted August 22 Just now, king said: What you tagging me for ?? Just saying don’t mix viagra and steroids same thing happened to a friend thankfully he’s ok now 1 Quote Link to post Share on other sites
king 11,972 Posted August 22 Report Share Posted August 22 Just now, keepdiggin said: Just saying don’t mix viagra and steroids same thing happened to a friend thankfully he’s ok now I've never taken viagra.. Quote Link to post Share on other sites
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