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Covid-19 Outbreak of new SARS-like coronavirus (Covid-19)

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I mean there is actual proof on the UN proposing some sort of guideline for 2020 that went into the toilet because of the pandemic. Let's be realistic, after all this is over its just going to be damage control. There will have to be a new way of doing things because the societal change is going to be immense.
 
birdup.snaildown said:
That's not true.
Click to expand...

First.
Thanks for your information. I focus more of what can be. Not what is history or present.

Second.
Sympathies for your 10 K. I have made that an more without really doing anything.

Third.
Your judgement is not true. A failed grade here.

Let's say your 10k loss has just put you under the poverty line. Now grab your tax record for last year.

See your tax rate?

Now imagine if this year the government said that you could use whatever rate you liked to break even.

Imagine using it. Note how you popped out of the poverty line?

This proof of concept proves that the tax laws create poverty.

This next is jest.
I'm smart; you're dumb. I'm big; you're little. I'm right; you're wrong (from Matilda) - YouTube

Regards
DL
 
TheInvisibleStoner said:
The poor are going to pay, just like they are now. Starving and working front line jobs. No help from government.

upper middle class trading stocks and working remote. Rich doing the same. Without the working part.
Click to expand...

I am optimistic in the notion that the rich will let the crumbs fall from their table if the tax payers grow balls and starts to shake it.

I used to think Americans had those but trump made everyone suck them back in.

The robber barons have won. Never mind African Americans. All American's are slaves.

Regards
DL
 
thujone said:
Rich will pay, but can afford it. Poor will also pay, but they will not be able to afford it.

Hence, "K-shaped recovery"

www.cnn.com

Joe Biden said the economic recovery is 'K-shaped.' Here's what that means

The American economy is recovering. That's not up for debate.
www.cnn.com www.cnn.com
Click to expand...

IOW, the rich have decided to maintain the status quo of imposing poverty onto the poorest and middle class America. Business has washed it's hand of responsibility to society.

Oh well.

If Dems don't have the balls to bite the hands that are still grabbing pussies, and has deballed the rest of Americans men, what can you do?

Regards
DL
 
Gnostic Bishop said:
Poverty is a condition imposed by governments through the tax system.
birdup.snaildown said:
That's not true.
Click to expand...
I focus more of what can be. Not what is history or present.
Click to expand...

You should use the correct tense.

Gnostic Bishop said:
Sympathies for your 10 K. I have made that an more without really doing anything.
Click to expand...

We are all very impressed.
I take it you pay more tax than you are required to?

Gnostic Bishop said:
Third.
Your judgement is not true. A failed grade here.

Let's say your 10k loss has just put you under the poverty line. Now grab your tax record for last year.

See your tax rate?

Now imagine if this year the government said that you could use whatever rate you liked to break even.

Imagine using it. Note how you popped out of the poverty line?

This proof of concept proves that the tax laws create poverty.
Click to expand...

The next is jest.
 
The Invisible Stoner said:
No help from government.
Click to expand...

"About 68 million Americans received some type of government assistance through the major welfare programs in 2018. Meaning, about 21.3% of American people are using one or more programs like SSI, TANF, and SNAP. This costs the USA about $212 billion [of taxpayers money] every year."

balancingeverything.com

24+ Welfare Statistics - 2022 Update | Balancing Everything

The latest welfare statistics revealing data on expenditures and sources; TANF and SNAP recipients and their demographics, figures by state, and more!
balancingeverything.com balancingeverything.com
 
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I was under the impression that the Fed can create money that can later be taken out of the financial system by taxes. Essentially money paid back can be retired and that's how it taken out of the financial system. Maybe I'm wrong but I've read that was been done historically, in part that's how the revolutionary war was funded.
 
Tax rates for low income / poverty line earners in the USA are lower than Australia, but Australia still has much lower rates of poverty. So, poverty is not caused by tax. There are many other factors to consider.



Poverty line Australia (family with 2 children) - NZD$49,124 per year
Average cost of living Australia (couple, no kids) – NZD$51,829 per year
Tax deducted for NZD$50,000 annual income (single) = NZD$6,635 [13.27%]



Poverty line USA (4 person household) - NZD$35,983 per year
Average cost of living USA (couple, no kids) – NZD$70,873 per year
Tax deducted for NZD$36,000 annual income (single) = NZD$4,320 [12%]


Apologies for the NZD.


The average cost of living in the US is much higher than the poverty line. This is more to do with the lack of a sensible minimum wage.
 
Captain.Heroin said:
What is your implication?

We don't need one?
Click to expand...

My implication is that a state budget isn't like a household or personal budget and it's a mistake to think of it like one.

For one, a significant amount of the governments debt is actually owed to itself. And it's all owed in its own currency.

I'm not saying there's nothing wrong or unsustainable about government spending, I'm saying it's likely not as bad as most people think in the way they think.
 
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