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  1. #51
    ಥ﹏ಥ DAF86's Avatar
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    Nova Scotia currently has the highest combined top statutory marginal rate in Canada (54%), and nobody calls Canada a socialist state.

    It's simply an outlier over the country's average.
    Nor they shouldn't. They shouldn't call it capitalist either, but whatever.

  2. #52
    ಥ﹏ಥ DAF86's Avatar
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    A lawyer who lives in Manhattan and makes $1MM a year is certainly getting taxed at a near 50% rate when you factor in state & city income taxes. If you’re factoring in sales tax it’s easily over 50%. Does that make the US socialist?
    Nope. It's not capitalist either. That has been my point from the very beginning, tbh.

  3. #53
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    how much money would your income have to be for your effective tax rate to even reach 50%? people get hung up on the marginal rates way too much
    Here is the table:

    https://www.taxtips.ca/taxrates/ns.htm

    Looks like over $215,000 canadian dollars, eh.

  4. #54
    4-25-20 Will Hunting's Avatar
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    Nope. It's not capitalist either. That has been my point from the very beginning, tbh.
    So then what is it if it’s not capitalist?

  5. #55
    Savvy Veteran spurraider21's Avatar
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    So then what is it if it’s not capitalist?
    mixed economy... which isn't necessarily wrong. there's a spectrum between socialism and capitalism. but i would say all the countries we've been discussing are predominately capitalist, especially the US. to make that call i'd look at what% of a country's industry is private vs public. what % of the population works for the state (and thus in a publicly owned enterprise), etc. all of these countries, including norway (probably the closest to being "socialist" because their oil and a lot of natural resource production is nationalized), lean quite heavily towards capitalism.

    as long as you have a system where owners of a business profit off the labor of employees, it's capitalism, no matter what the tax rates are

  6. #56
    4-25-20 Will Hunting's Avatar
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    mixed economy... which isn't necessarily wrong. there's a spectrum between socialism and capitalism. but i would say all the countries we've been discussing are predominately capitalist, especially the US. to make that call i'd look at what% of a country's industry is private vs public. what % of the population works for the state (and thus in a publicly owned enterprise), etc. all of these countries, including norway (probably the closest to being "socialist" because their oil and a lot of natural resource production is nationalized), lean quite heavily towards capitalism.

    as long as you have a system where owners of a business profit off the labor of employees, it's capitalism, no matter what the tax rates are
    Yeah we’re saying the same thing, the difference between capitalism and socialism isnt tax rates, it’s whether the means of production is owned by government or private enterprise. Even back in the 1950s when the top marginal rate was above 90%, the US was capitalist.

  7. #57
    ಥ﹏ಥ DAF86's Avatar
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    So then what is it if it’s not capitalist?
    A mixture of both because it has private owned means and public owned means.

  8. #58
    Got Woke? DMC's Avatar
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    Yeah we’re saying the same thing, the difference between capitalism and socialism isnt tax rates, it’s whether the means of production is owned by government or private enterprise. Even back in the 1950s when the top marginal rate was above 90%, the US was capitalist.
    You just got finished reading some Marxian historian, Pete Garrison probably, you’re gonna be convinced of that until next month when you get to James Lemon, then you’re gonna be talking about how the economies of Virginia and Pennsylvania were entrepreneurial and capitalist way back in 1740. That's gonna last until next year, you’re gonna be in here regurgitating Gordon Wood, talkin’ about, you know, the Pre-revolutionary utopia and the capital-forming effects of military mobilization.

  9. #59
    Savvy Veteran spurraider21's Avatar
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    You just got finished reading some Marxian historian, Pete Garrison probably, you’re gonna be convinced of that until next month when you get to James Lemon, then you’re gonna be talking about how the economies of Virginia and Pennsylvania were entrepreneurial and capitalist way back in 1740. That's gonna last until next year, you’re gonna be in here regurgitating Gordon Wood, talkin’ about, you know, the Pre-revolutionary utopia and the capital-forming effects of military mobilization.
    my boy's wicked smart

  10. #60
    Savvy Veteran spurraider21's Avatar
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    Yeah we’re saying the same thing, the difference between capitalism and socialism isnt tax rates, it’s whether the means of production is owned by government or private enterprise. Even back in the 1950s when the top marginal rate was above 90%, the US was capitalist.
    more specifically, the workers (historically attempts to implement this have been through government)

  11. #61
    Savvy Veteran spurraider21's Avatar
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    this is about the level of good faith you'd expect from somebody like Musk


  12. #62
    Alleged Michigander ChumpDumper's Avatar
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    this is about the level of good faith you'd expect from somebody like Musk

    Dude was begging Mexicans in Del Valle for tax breaks.

  13. #63
    ex Hornets78 Pelicans78's Avatar
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    Denmark uses free market principles with large safety nets for social programs. Seems to be working out well. Leads to high taxes across the board, but it can work here.

  14. #64
    ಥ﹏ಥ DAF86's Avatar
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    Elon Musk is looking more and more like a caricature, tbh.

  15. #65
    4-25-20 Will Hunting's Avatar
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    this is about the level of good faith you'd expect from somebody like Musk

    Yeah that’s a tweet I’d expect from an alt right type. Das Kapital was mainly focused on the negatives/flaws of capitalism, not the positives of communism. Marx in general was more focused on critiquing capitalism than propping up socialism/communism.

    Hate to see it but Musk has really turned into a rich asshole.

  16. #66
    4-25-20 Will Hunting's Avatar
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    Dude was begging Mexicans in Del Valle for tax breaks.
    Not to mention that SpaceX has done plenty of suckling at the government teet

  17. #67
    Savvy Veteran spurraider21's Avatar
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    Not to mention that SpaceX has done plenty of suckling at the government teet
    this was going viral


  18. #68
    4-25-20 Will Hunting's Avatar
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    DP

  19. #69
    4-25-20 Will Hunting's Avatar
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    Forgot that one of the big reasons people lease solar panels from Tesla subsidiary SolarCity is because of the tax breaks they get for it. Without those leasing solar panels wouldn’t be economically feasible in a lot of cases.

    Musk’s companies have gotten more than their fair share of corporate welfare

  20. #70
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    Trash's toady privatizing military health care

    Esper eyes $2.2 billion cut to military health care

    Yet defense officials say troops and their families could be hurt.

    two senior defense officials say the effort has been rushed

    and driven by an arbitrary cost-savings goal,

    and argue that the cuts to the system will imperil the health care of millions of military personnel and their families as the nation grapples with Covid-19.


    Esper and his deputies have argued that


    America's private health system can pick up the slack.

    https://www.politico.com/news/2020/0...th-care-395578

    Esper looking for a obscenely paid VEEP of Chair Warming in a major health company?



  21. #71
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    Socialism Is as American as Apple Pie

    The ideology that Republicans love to hate is woven through the fabric of the country.





    Another bloody shirt that Republicans have waved forever and plan to wave again this election cycle is “socialism.”

    I put the term in quotation marks because to hear Republicans tell it,

    virtually everything government does is socialism;

    it is utterly foreign to the United States, and

    it cannot be implemented without imposing tyranny on the American people,

    along with poverty and deprivation

    The essence of the Republican attack is to lie about the nature of socialism,

    grossly exaggerating its negative excesses while completely ignoring its positive effects.

    When they are forced to concede that some socialistic government programs–such as disease prevention or temporarily higher unemployment benefits–may be valuable,

    they will nevertheless insist that it must be resisted because it’s the first step on the slippery slope to totalitarianism.

    Tom Cotton, a Republican who represents the Confederate state of Arkansas, put it in a tweet:

    “Socialism may begin with the best of intentions, but it always ends with the Gestapo.”

    F.A. Hayek proved that the welfare state leads inevitably to socialism and tyranny

    all the evidence since then thoroughly contradicts it.

    There is no evidence whatsoever that welfare states morph into total state control of the economy and

    produce a concomitant loss of freedom and prosperity.

    There is not a single case of this happening anywhere.

    Nor is there anything in Hayek’s theory to explain why socialism collapsed in the Soviet Union

    One myth that permeates the right-wing attack on socialism is that America was founded as a sort of libertarian paradise based on the free market ideas

    this perspective is very much at odds with the actual views of Smith and the Founding Fathers.

    the Founding Fathers understood that government has functions that go far beyond the night watchman state favored by those on the right today.

    Thomas Paine ... proposed the revolutionary idea of a wealth tax to fund payments to citizens reaching maturity, a precursor to today’s idea of a basic income.

    James Madison, principal author of the Cons ution, agreed that providing income to the indigent was a core government function.

    Alexander Hamilton was definitely a big government kind of guy, advocating direct government aid to industry, extensive public works, and a strong central government,

    Harry Truman ... He said in 1952:


    Socialism is a scare word [Republicans] have hurled at every advance the people have made in the last 20 years.

    Socialism is what they called public power.

    Socialism is what they called social security.

    Socialism is what they called farm price supports.

    Socialism is what they called bank deposit insurance.

    Socialism is what they called the growth of free and independent labor organizations.

    Socialism is their name for almost anything that helps all the people.

    https://newrepublic.com/article/1589...-2020-election

  22. #72
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    I have not read this thread, but years ago when my friends from Toronto came to visit me, they BOASTED about how they could spend their money on "other" things because no country would ever threaten Canada because of its proximity to the US. Pissed me off no end.

  23. #73
    Got Woke? DMC's Avatar
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    I have not read this thread, but years ago when my friends from Toronto came to visit me, they BOASTED about how they could spend their money on "other" things because no country would ever threaten Canada because of its proximity to the US. Pissed me off no end.
    Canadian military is no joke. Snipers are best in class.

  24. #74
    Got Woke? DMC's Avatar
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    niether system works when leaders are corrupt. Both can work with pragmatic, honest leadership as long as they are not driven by dogma of system nomenclature and focus on human rights and needs.

  25. #75
    coffee's for closers FrostKing's Avatar
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    I have not read this thread, but years ago when my friends from Toronto came to visit me, they BOASTED about how they could spend their money on "other" things because no country would ever threaten Canada because of its proximity to the US. Pissed me off no end.
    Today, my friends living in Toronto constantly complain about the cost of living in Canada. Send me photos from the supermarket. Meanwhile their city has morphed into India Jr (look up Brampton).

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