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@wareagle82 @CeceliaHolland @kernals12 @JamesChristensen When the "modern" federal income tax in the USA was enacted in 1913, it was proposed to write into the law a maximum of %13, but that idea was rejected because politicians might someday raise it that high. Of course without such a cap, the politicians went way over that!
There had been a federal income tax several times before 1913 but it had always either been a temporary fund raising measure or had been struck down by the US Supreme Court.
If you think the ACA is the worst piece of legislation ever written, think again. There's one much simpler and shorter which has been far worse in its implementation. The 16th Amendment, especially its enabling the government to tax income "from whatever source derived". With those four words, the federal government can define *anything* as "income" then tax it.
I'm not against an income tax, it should be the same rate for all, with a 'floor' of income below which nobody pays taxes on. If your income is all below that amount, you pay no federal income tax.
The tax that is worse than income tax is property tax. There is nowhere in the USA that does not have at least one government entity collecting property tax, with the power to kick you off "your" property if you fail to pay that tax.
It's like paying rent, only worse. Rental apartments and most house rentals come with all maintenance included, often electricity, water, sewer, trash pickup and more are included in the rent. The better ones will even include cable or satellite TV. Find the right rental and the only extra you'll have to pay for is internet.
Buy some land and a house, you get a deed of "ownership" but fail to pay your property tax and you'll find out just how worthless that deed is.
Property tax should be abolished to restore real property ownership.
Pierre-Joseph Proudhon In Theory of Property he maintains: "Now in 1840, I categorically
rejected the notion of property...for both the group and the
individual", but then states his new theory of property: "property is
the greatest revolutionary force which exists, with an unequaled
capacity for setting itself against authority..." and the "principal
function of private property within the political system will be to act
as a counterweight to the power of the State, and by so doing to insure
the liberty of the individual."
1 month, 3 weeks ago on Conversation @ http://www.newrepublic.com/article/119272/labor-day-are-unions-dead-interview-rich-yeselson
@CeceliaHolland @kernals12 @Bernd_Harzog VW has built cars in Brazil for a very long time and still does. They do the same thing there that American companies do. Some models that are discontinued in the rest of the world, they ship the tooling to Brazil or Argentina or somewhere else in SA and keep building them, often with alterations, sometimes very extensive ones. Until recently VW Brazil built the old pre-Vanagon style Transporter bus, modified with a water cooled engine.
@LotharBaier Just browse ads on Craigslist to see how lousy the teaching of English has become in this country.
@testcase448 @frog in a pot @IA_Adam @CeceliaHolland @moderateGuy A pharmacy in my hometown went out of business because they couldn't afford all the new ACA crap they were required to do. The new, lowest cost ACA approved insurance plans are pretty much worthless and still too expensive for many people to afford.
And yet again a government program has managed to create a "notch", a region where some manage to fall into an income range where they can't afford the lowest cost (worthless) plans yet make too much to get subsidies to buy those junk policies.
With the ACA redefining "full time" employment as 30 hours a week, many companies are cutting worker hours to 29 or 28.
Have a look at dailyjobcuts.com to see which ones have done that or have reduced the number of jobs or have just given up and quit altogether.
@frog in a pot @FreedomFan $5 not $15 an hour, and there were conditions on the workers' behavior to get the $5.
"What's ironic about that is that unions are inherently conservative institutions..."
Oh my. He made such a funny! I'd believe it if the unions put all their campaign capital behind any kind of politicians other than Democrats.
What a business should do is have meetings with their employees, without the union reps/bosses present. Lay out all the financials. How much the expenses are, maintenance, taxes, electricity, raw materials, all of it. Show how much must be set aside for growth and the emergency fund for things unexpected. After all that, what is left is available for the paychecks.
One of the most telling things I've ever seen showing how ill-educated the Union worker is about business economics was a live news broadcast when there was a strike against Southwest Airlines. One of them with his picket sign was being interviewed and he blurted out "I don't care if Southwest goes bankrupt!".
CUT! Back to the talking heads at the studio and that segment was *not* repeated on the late evening re-run.
Just a hint. If labor soaks up 100% of the profit, then demands even more, the business cannot stay in business. No business, no jobs!
But that's a lesson most unions continue to fail to learn. They drove most of the major manufacturing out of business, steel mills, clothing factories, most of the automobile companies (aided by the "Big Three" doing dirty political deals against them), pretty much all electronics manufacturing went too. Remember when small computers and home appliances were Made in the USA?
If you're a hockey fan, you likely remember the year without a season. The players' union decided they should have all the profit. Nevermind all the other people working for the NHL who needed paid, plus upkeep on all the rinks and all the other expenses. Since they refused to learn economics, the team owners shut the whole thing down. Someone must have finally been able to explain the way things work to the players since they played the next year and I've not heard about any more complaints from the hockey union.
Much of the manufacturing that has stayed here has invested heavily in automation due to labor pricing itself out of those jobs. When it's less expensive for a pastry manufacturer to buy a fancy multi-axis robot arm to wield a big spatula to flip and transfer product from one conveyor to another than to continue paying the human who used to do that job...
And yet many still refuse to learn. The unions would not budge at Hostess. They stuck to their rules that the truck drivers could not load or unload, so every truck required a second person. They would not allow breads and pastries on the same trucks, so there had to be extra trucks. They would not allow sales people at company outlet stores to bring product from the storerooms and shelve it. Those and other union rules that existed solely to plump up the number of job positions, drastically reducing efficiency and nibbling profit into negative numbers. (I assume that in right to work States that *some* of that silliness may have been unenforceable.)
Such "featherbedding" or splitting up work for one person amongst two or more, or outright hiring people to do nothing but draw a paycheck, has long been a union practice. I once saw an older fellow on Bill O'Reilly's show telling about how he got a job as a construction worker at age 14. When he went to work his first day the boss handed him a hardhat and a bucket, told him his job was to turn the bucket upside down and sit on it until lunch. Then after lunch he'd sit on the bucket again until quitting time. 'Course since the 50's and 60's I doubt they've gotten away with anything quite that blatant.
Something that has saved several companies is employee buyouts. The first one was South Bend Lathe. The problem is that only works if the union is shown the door. SBL went along for a while but eventually the employees got into the old Us VS Management bolshoi again and essentially went on strike against themselves. A couple other infamous cases of the same were Sunshine Mining and People's Express Airline.
There's an article on the web about South Bend Lathe and how the employee buyout saved the company, then put it out of business. It's now owned by Grizzly, an importer of machine tools from China (one of the first to do so as American lathe and mill manufacturers were going bankrupt), manufacturing South Bend branded machines in Taiwan at a company that was about to go under and was happy to get the work.
Now Volkswagen is going to build a new factory in the southeast US. The employees voted by a significant majority to NOT join the union, but the union is refusing to go by the vote and is pulling out every dirty trick they can to forcibly unionize that factory.
Two things I want to see. The General Lee with a YEEEEEE-HAWWWW! sound effect and the Astro Spiral Jump from that one James Bond movie.
1 year, 11 months ago on November 2012 Project of the Month – Rigs of Rods