@funkdaddy I am not really a left wing thinker. I just know that the right-wing stuff we’ve been doing for most to the last 30 years hasn’t been making America a healthier economy, unless we want to become a banana republic. I’d like to see our corporate tax rate cut, but leveled so that small business—the real economic engine of job growth—aren’t the only ones forced to pay the nominal rate. There are numerous multinational corporations in America that get tax refunds or pay no corporate taxes on incomes in the hundreds of billions and earnings in the 11 figure range. I’m fine with tax on consumption when it only targets conspicuous consumption. Essentials like non-luxury food, heating, basic clothing, and basic housing should not be taxed,
@Jaxk I thought we’d discussed this before. See my statement above on corporate taxes. Out plan damages our economy. We should level the playing field between small businesses and mega multinational corporations, and substantially cut the top rate. You may be right that most Democrats wouldn’t go for it. It would take a great explainer to get the rationality of that approach across to the populists and unionists.
However, I’d need to see evidence before I would accept that the regulatory environment in Sweden is far more lax than in the USA. There, I believe it is you who are either cherry picking or just making stuff up. Looking for facts, I found this, and this, and this. They all document the exact opposite of your claim. So who’d picking cherries here?
@Seek_Kolinahr Those healthcare and defense costs are indefensible and are hurting us. We’d be wise to do reduce them, making sure in the meantime that mega multinationals don’t get by with Zero tax.
@bolwerk I’m with you. Things were working far better in America prior to Reagan’s Voodoo Economics than they ever have since.
@Jaxk As you’re so fond of saying, nice try. Reagan cut top rates by 50%. Obama raised them by 12% and you’re claiming any further revenue enhancement, even by tax code simplification, is out of the question? Get real. Reagan closed a ton of loopholes to try to make his plan work. Even so, it didn’t. He tripled the national debt in his 2 terms. His Voodoo Economics is what launched us on the course for the massive debt we have today. But most of the loopholes he eliminated have been bought back by the lobbying money available to the rich. So the percentages noted above, lopsided though they are, don’t begin to tell the real story.
@bolwerk Cleat thinking. Thanks for the thoughts.
@Espiritus_Corvus That’s my understanding of their system, as well. It’s interesting what the right wing here, being free from the evidence based Universe, thinks is going on there.
@Kropotkin The actual GINI Index in the US is 45 and Sweden is just 25. It’s the second lowest GINI index in the world, second only to Denmark. Here’s how the actual inequality rate is growing in the US. Here are the two nations compared in growth of inequality.
Youth unemployment is an artifact of rapid immigration of mainly poor, uneducated populations. In the USA, 15% of the youth population is out of school and out of work. In Sweden, it is half that. The inflated numbers you see for Sweden count those who are in school or job training programs as unemployed. Do the same for the USA and out numbers are much worse than those in Scandinavia.
So yeah, there’s some bullshit being slung. But I’m not slinging it.