Exit polls show Sarkozy has lost in France

FredHayek wrote: I really hope you don't manage your own finances like how you want Europe to manage theirs. Sometimes stimulus is needed like now but when times were good they should have been saving instead of lowering retirement ages etc.

And we should have been saving instead of giving tax breaks,

archer wrote:

FredHayek wrote: I really hope you don't manage your own finances like how you want Europe to manage theirs. Sometimes stimulus is needed like now but when times were good they should have been saving instead of lowering retirement ages etc.

And we should have been saving instead of giving tax breaks,

I don't have a problem with increasing some taxes. Mainly by throwing out a bunch of tax loopholes and inequitability.

FredHayek wrote:

archer wrote:

FredHayek wrote: I really hope you don't manage your own finances like how you want Europe to manage theirs. Sometimes stimulus is needed like now but when times were good they should have been saving instead of lowering retirement ages etc.

And we should have been saving instead of giving tax breaks,

I don't have a problem with increasing some taxes. Mainly by throwing out a bunch of tax loopholes and inequitability.

agreed.......I'd actually prefer that we redesign the entire tax code with simplicity and equity as the prime goals.

"Equity as a prime goal" sure makes an nice bumper sticker slogan archer, but at the current time the "progressives" are continually spouting off that in the system we have, where the top 1% pay 40% of all income taxes and the top 10% are paying 70% of all income taxes, isn't an "equitable" tax system. What does an "equitable" system mean precisely from your point of view?

I can't speak for archer, but my dad thinks the top 10% should pay closer to 90% of all the taxes. Obviously we can't talk politics much....I love him but he's spent too much time in liberal echo chambers and is beyond help.

Equitable does not mean equal.

CritiKalbILL wrote: I can't speak for archer, but my dad thinks the top 10% should pay closer to 90% of all the taxes. Obviously we can't talk politics much....I love him but he's spent too much time in liberal echo chambers and is beyond help.

I'm sure he loves you too, but thinks you have drunk too much conservative koolaid and are beyond help. He may well be correct and you are missing the truth that his age and experience can see.

archer wrote:

CritiKalbILL wrote: I can't speak for archer, but my dad thinks the top 10% should pay closer to 90% of all the taxes. Obviously we can't talk politics much....I love him but he's spent too much time in liberal echo chambers and is beyond help.

I'm sure he loves you too, but thinks you have drunk too much conservative koolaid and are beyond help. He may well be correct and you are missing the truth that his age and experience can see.

Would you agree with him that the top 10% should pay 90% or more of the taxes?

http://www.nytimes.com/2012/05/06/busin ... .html?_r=1

Never Mind Europe. Worry About India.By TYLER COWEN
Published: May 5, 2012
THE economic slowdown in India is one of the world’s biggest economic stories, but it is commanding only a modicum of attention in the United States...

India may not be alone in this slowdown. There is a more general worry that the grouping of disparate giants known as the BRIC nations — Brazil, Russia, India and China — has, for some reason, lost much of its previous momentum. Last year Brazil grew at only a 2.7 percent rate, down from 7.5 percent, and Chinese and Russian G.D.P. growth are slowing too, to an unknown extent and duration. In the past, many countries engaged in catch-up growth have suddenly slowed and hit plateaus, although economists do not have firmly established theories as to when and why this happened. In any case it remains a real danger.

In the short run, we often focus on headlines, elections and fights between personalities and political parties. But the world is shaped by deeper structural forces, such as resources, technologies, demographics and economic growth rates. We ignore India’s troubling trends at our peril.

CritiKalbILL wrote:

archer wrote:

CritiKalbILL wrote: I can't speak for archer, but my dad thinks the top 10% should pay closer to 90% of all the taxes. Obviously we can't talk politics much....I love him but he's spent too much time in liberal echo chambers and is beyond help.

I'm sure he loves you too, but thinks you have drunk too much conservative koolaid and are beyond help. He may well be correct and you are missing the truth that his age and experience can see.

Would you agree with him that the top 10% should pay 90% or more of the taxes?

Anybody?