2018 May 13, 11:59am
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The bureaucrat will tax you for owning something.
There should be some constitutional amendment prohibiting that
Muslims have this as a tithe every year basically
The bigger problem is that the government racks up debts it does not have the income to pay.There should be some constitutional amendment prohibiting that.
You know this will come one day, government taxing your wealth. The bureaucrat will tax you for owning something.How to pay for Unfunded Pension Liability? Chicago Fed has the solution. Chicago Fed proposed levying, across the state and in addition to current property taxes, a special property assessment they estimate would be about 1% of actual property value each year.
why does this stupid state keep voting democrats?
It means people can't just sit on wealth and slowly live off it for generations, it needs to be constantly in motion.
this stupid state keep voting democrats?
Liberals always run out of other people’s money
In other words, work smart + hard, and you will get that cash.
Wow look at some of the liberal democrat states with huge unfunded liabilities.
It's a good way to collect taxes, and limits how much wealth an individual can obtain really. If you're taxed 2% of your net worth every year, it means you need to add at least 2% to your net worth every year, or you'll go down. It means people can't just sit on wealth and slowly live off it for generations, it needs to be constantly in motion.
Muslims have this as a tithe every year basically, where you add up your wealth and donate 2.5%. I thought it was a pretty good way to keep people from accumulating more wealth than they could earn in a year themselves.
Parasitic king-of-the-hill behavior by rich people who use their generational money and power to maintain dominance by monopolizing a market probably isn't normally good for society as a whole. If they use their money for legit investments however, that seems good and might raise more boats than if that money was taxed away and used by govt.
The other point about generational wealth, just being born in the right spot is important. SF vs a city of 2,000. There are so many things that we take for granted. Even the mediocre don't realize how much worse it could be for them, had they been born just a few hundred miles away. 300 miles east of SF and you're prospects in life probably drop to zero.
There was a study done in denmark, which has about the most equal society possible and also the happiest, and in the study they found with all things equal, doctors produced doctors, cashiers produced cashiers and very little moved up or down.
So what it comes down to is ensuring everyone at the ground level has the best life they can , while giving enough incentives for the rich to beat themselves up over becoming rich. I'm not talking about "free X" I'm talking about ensuring they lead a good work/life balance, with reduced stress levels and "putting in" the least number of hours to get their job done.
bob2356 saysWow look at some of the liberal democrat states with huge unfunded liabilities.Instead of being part of the problem, why don't you offer some solutions here.Lets start with:Lets look at how much it will cost to fix Californias pension problem per person, with say Arkansas. I'm SURE the people of California can foot that bill no problem. How about Arkansas? Bet they have zero ability to raise that money or make any changes or even have the ability to cover that. Make ZERO dollars and it doesn't matter what your liability is, there is no way to fix it.
. The crabs in the bucket theory, if you can't climb out then bring everyone else down.
The crabs in the bucket theory, if you can't climb out then bring everyone else down.
In reality, there isn't a problem. That's what it comes down to. There are liabilities that need to be covered, but they can be. The problem is, it's about raising taxes to pay for liabilities and spending that the voters (everyone) allowed to take place. It was spent, now it needs some paying, and so be it.
I'm not saying "keep it up!" but it's not some crippling problem. There are problems in this society, but aiming at the lowest income earners or aiming at the government all the time just creates a system where everyone starts to believe that crap and ignores the real problem. Rich aren't paying sufficient taxes, and are withdrawing far too much from society. It's a system that worked so well, and so efficiently, that they've done a great job. No question about it, but clearly the results aren't sustainable and we need to tweak the whole system. More money needs to go to the lower tiers, how it gets there is either via taxes or higher wages.
The stupidity and idiocy of posters saying that unfunded mandates are a liberal blue state democratic problem is ample proof the only tool of the conservative movement has left is demagoguery totally divorced from real world facts.
FFS - whats the difference between Indiana and Illinois other than Illinois has been governed by retarded Democrats for over half a century?Which party get's almost 100% financial support from the Public Sector Unions to protect their gold plated pensions? It ain't the Republicans.Which party is constantly pining to raise our taxes, all the while they continue to reduce services to prop up the bureaucracy's pay and benefits. It ain't the Republicans.Which states are seeing the biggest decline in population fleeing from high taxes and dysfunctional Democrat rule? It's not Red States.
FFS what's the difference between AK/MS/NV/NM/WY/KY and IL?
bob2356 saysFFS what's the difference between AK/MS/NV/NM/WY/KY and IL?Most of those "Red States" have Democrat mayors running their bigger cities with the pension crisis
ROFLOL. Those are states with a state employee unfunded mandate problem, not city employee within the state problem. Want to try again? Welcome to fact free america, demagogue are us. .