United Nations report on the US

[DonFerrari]

Bofferbrauer2 said:

DonFerrari said:

When you study economy you'll see how good of an outcome you have from high taxes on rich... I'll tell you the basic outcomes, higher prices (because they'll roll the increases to the product price), desinvestment (risk not worth), or moving money overseas (which already occurred several times in USA due to previous increase in costs).

Giving more power and money to government only increases the bad usage, appropriation and abuse of power.

If you want to think other way I won't use my time to show you how bad the outcomes of socialism have been so far.

Giving more power and money to the rich only increases the bad usage, appropriation and abuse of power.

Oh, amuse us. Just waiting to see how much worse off Germany or the BeNeLux countries or the Scandinavian are for having social democratic values with high taxes compared to the US.

Overseas money in the US is largely just money from corporations and holding companies, the taxable money from their oversea subsidiaries. US private persons generally have not much money parked overseas - simply because the taxes in the US are already dead low for them, even moreso after Trumps tax cut. The problem is that the wealth they generate also stays in their circles, and only a very small amount trickles down to the general public. With US schools being chronically underfunded (a side effect from the low taxes, I might add), the chances to rise up in social standing are also getting smaller and smaller. These are the main reasons why the US have such high inequalities.

There's one chance though: US have not only full employment, but since last month actually more job openings than job seekers. And with Trump cutting back so hard on immigration, these openings won't get filled anytime soon. Such a situation normally leads to rising salaries, as it's not the employees competing against non-employed workers for jobs anymore, but the companies competing against each other to get the talents they need. And the only way to really ensure someone picks their company and not another one is by having an above average paycheck for the job.

As I said to the two others, I won't discuss this here.

Teeqoz said:

DonFerrari said:
That is consequence of increasing government and taxes, a very effective way to take money from the poor and deliver to the elite that marry the politicians.

Federal taxes in the US have genreally been decreasing, while inequality has generally been increasing. This sort of shoots a hole in your theory that taxes are the source of this inequality. Not to mention that the developed countries with the most social mobility are countries with high taxes and large governments, like Denmark, Canada, Norway and Finland.

Haven't said taxes are the source of inequality, have said it is a usage of money transfer from poor to rich through the relationship of these with the government.

Go and see if Denmark, Norway and Finland have a free market or not.