By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Politics Discussion - Flat Tax (Everyone Pays Equal %)

 

Is a Flat tax a good idea?

Yes 32 35.96%
 
No 55 61.80%
 
Haven't ever thought about it much 2 2.25%
 
Total:89
VGPolyglot said:
Slimebeast said:
I don't know. Even though as I make $105K per year (minimum) I would gain very much from a flat tax, I'm not sure if it's fair.

Hard question. I might be brainwashed by Swedish socialist values of equality.

Well, Sweden isn't really socialist. It's more of a social democracy, and yes, you've been brainwashed into thinking that they really care about equality.

Indeed Sweden is a mixed economy between capitalism and socialism, and it has worked so well in practice producing a harmonic society (although the economic policy is only one factor, our hard working Lutheran heritage might be an even stronger factor to explain our success, as well as Christianity in general, and the humble Northern European mentality on top of it all) that even I, a person who is an extreme right wing conservative nationalist, think that it's quite a decent model.

But why do you imply that our model, the Scandinavian model, isn't mainly about equality?



Around the Network

This is ridiculous. If you have more, you should pay substantially more taxes. Brackets might be an old idea, but why not implement an asymptotic curve that goes upward, we'd be able to crack down hard on inequality.



Mummelmann said:
SWORDF1SH said:

But how many jobs are created from something like soccer being big? I know soccer stars might not directly create a lot of jobs but indirectly they do.

Say you have two teams with lots of mega stars, Manchester City versus Real Madrid; even if I agree with you in principal, there's no way their performance is creating enough stimuliation on the job market to justify their salaries relative to societal value. Another thing that annoys me is that we tend to dote on athletes and actors and hate on entrepreneurs, for some strange reason.

Example above, quick maths; Manchester City's total wage expenses are around 2.680.000 £ weekly, that makes about 3.680.000 $, add bonuses that are quite common, and one can easily add another 5-10% on top. The yearly cost is s staggering 1.393.600.000 £, or roughly 1.910.000.000 $.

Real Madrid weekly wage expenses are around 2.173.000 £, that makes about 2.980.000 $, the same type of bonuses are just as common here, adding another 5-10% or more on top. Yearly cost is about 1.130.000.000 £, or roughly 1.780.000.000 $.

With bonues, let's say about 4.000.000.000 $ with bonuses, which is likely on the low side. Even when you factor in medical staff, training staff and facilities, maintenance on stadiums, transport, PR departments, ticket salesmen, waiting staff, cleaning staff and stadiums and all other related jobs, even the net sales of shirts and other effects and the ones working these stores (where shirts from all sorts of teams are sold), the outcome will always favor an entrepeneur, considering the relative low amount of working hours per person per team, they simply don't employ nearly enough people through their sport. Given, it's hard to put a price on entertainment, but it's still food for thought. The net gain from actors are even worse, someone like Tom Cruise, who could easily make 50-100 million $ on a big film that takes him about 1.5-2 years to take part in, in bouts separated by breaks and other projects, a similar generation of revenue across actual industry or similar positions to provide jobs would be massively advantageous over this.

Fascinating, your insight into the economics of sports.

But are your numbers really correct?

You say salaries with bonuses for Man U are £3.68 million weekly, which should become 52 x 3.7 = £191 million per year, and yet in the end you're refering to figures in the billions of pounds, nearly ten times the figure of £191 million.



Slimebeast said:
Mummelmann said:

Say you have two teams with lots of mega stars, Manchester City versus Real Madrid; even if I agree with you in principal, there's no way their performance is creating enough stimuliation on the job market to justify their salaries relative to societal value. Another thing that annoys me is that we tend to dote on athletes and actors and hate on entrepreneurs, for some strange reason.

Example above, quick maths; Manchester City's total wage expenses are around 2.680.000 £ weekly, that makes about 3.680.000 $, add bonuses that are quite common, and one can easily add another 5-10% on top. The yearly cost is s staggering 1.393.600.000 £, or roughly 1.910.000.000 $.

Real Madrid weekly wage expenses are around 2.173.000 £, that makes about 2.980.000 $, the same type of bonuses are just as common here, adding another 5-10% or more on top. Yearly cost is about 1.130.000.000 £, or roughly 1.780.000.000 $.

With bonues, let's say about 4.000.000.000 $ with bonuses, which is likely on the low side. Even when you factor in medical staff, training staff and facilities, maintenance on stadiums, transport, PR departments, ticket salesmen, waiting staff, cleaning staff and stadiums and all other related jobs, even the net sales of shirts and other effects and the ones working these stores (where shirts from all sorts of teams are sold), the outcome will always favor an entrepeneur, considering the relative low amount of working hours per person per team, they simply don't employ nearly enough people through their sport. Given, it's hard to put a price on entertainment, but it's still food for thought. The net gain from actors are even worse, someone like Tom Cruise, who could easily make 50-100 million $ on a big film that takes him about 1.5-2 years to take part in, in bouts separated by breaks and other projects, a similar generation of revenue across actual industry or similar positions to provide jobs would be massively advantageous over this.

Fascinating, your insight into the economics of sports.

But are your numbers really correct?

You say salaries with bonuses for Man U are £3.68 million weekly, which should become 52 x 3.7 = £191 million per year, and yet in the end you're refering to figures in the billions of pounds, nearly ten times the figure of £191 million.

Hah! I seem to have confused it with NOK....

But, yes, the weekly figures are pretty close to correct, the bonuses are harder to calculate since it's on a weekly basis and depends on goals scores, man of the match wins, clean sheets etc.



SvennoJ said:
We live in the age of computers, tax brackets is an archaic idea. Base the tax curve on an arctan function instead of brackets.

Okay, now we're talking in my book. An actual new idea i hadn't considered.



Around the Network
Mummelmann said:
Slimebeast said:

Fascinating, your insight into the economics of sports.

But are your numbers really correct?

You say salaries with bonuses for Man U are £3.68 million weekly, which should become 52 x 3.7 = £191 million per year, and yet in the end you're refering to figures in the billions of pounds, nearly ten times the figure of £191 million.

Hah! I seem to have confused it with NOK....

But, yes, the weekly figures are pretty close to correct, the bonuses are harder to calculate since it's on a weekly basis and depends on goals scores, man of the match wins, clean sheets etc.

Okay, cool.

But is there any correlation between your insight into sports economics and your +100 hours spent on FIFA 17?



Slimebeast said:
Mummelmann said:

Hah! I seem to have confused it with NOK....

But, yes, the weekly figures are pretty close to correct, the bonuses are harder to calculate since it's on a weekly basis and depends on goals scores, man of the match wins, clean sheets etc.

Okay, cool.

But is there any correlation between your insight into sports economics and your +100 hours spent on FIFA 17?

Haha, yes and no. I've really gotten my interest for high level football back, some due to FIFA, but also by having mates at work who are interested.

I sometimes try to ask people at work why Swedes have such a huge problem with rich entrepreneurs but fall so easily in love with rich athletes and actors, but no one seems to know.



Poor people don't buy the stupid expensive thinggs rich people do. So they wont have ridiculous flat sales tax rates to the tune of thousands.

Plus, people need to understand with a flat rate sales tax, we dont have to pay taxes AGAIN once a year by April in the US (my paychecks have all the income taxes taken out each time). This double dipping is not fair and I'm not rich by any means.



Slimebeast said:
VGPolyglot said:

Well, Sweden isn't really socialist. It's more of a social democracy, and yes, you've been brainwashed into thinking that they really care about equality.

Indeed Sweden is a mixed economy between capitalism and socialism, and it has worked so well in practice producing a harmonic society (although the economic policy is only one factor, our hard working Lutheran heritage might be an even stronger factor to explain our success, as well as Christianity in general, and the humble Northern European mentality on top of it all) that even I, a person who is an extreme right wing conservative nationalist, think that it's quite a decent model.

But why do you imply that our model, the Scandinavian model, isn't mainly about equality?

Because it isn't. It's not a mix between capitalism and socialism, since socialism is anti-capitalist. It is capitalism mixed with a welfare system. It isn't about equality because it is still a trickle-down economy where the rich have substantially more power.



Income taxes are like walking up to a friend and trading $20 for a baseball glove. Then some guy walks up to each of you and demands you pay him $5 because this is his spot that you used to make the transaction. If you don't pay him, he kicks your ass and steals your stuff. Then he puts you in a cell.