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| Re: Portal … take two w/link (1470205) | |||
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Re: Portal … take two w/link |
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Posted by Jackson Park B Train on Wed Mar 21 15:31:40 2018, in response to Re: Portal … take two w/link, posted by Bill West on Wed Mar 21 03:17:59 2018. I cite Reich only because he has some standing in economics as a professor. I have no "letters" trailing my name.I fail to understand the "double tax" concept. If I as an act of investment rent money to a bank (savings deposit) my income is taxable, if I rent money to a RR, my dividends (stock) interest payments (bonds) are taxable. The bank or RR used those funds to earn profits, and paid me a small percentage of those profits as rent on my money. No different from earning money by working for hourly wages, flat salary, etc--I have received payment, IRS emands income tax. The fantasy that because the bank or RR pays taxes as a business enterprise should turn their payments to me for using my money into non taxable income while salary for tasks performed is simply ludicrous. As to paying for what you take, virtually all agricultural production in the US is subsidized via various USDA and other agencies, housing is distorted by zoning,redlining, rent control, redevelopment schemes whereby land is virtually given to builders, etc. Clothing costs in the US are a function of which slave wage countries the labels arrange for the production in. "It doesn't say Hanes..." is now spoken in Vietnamese. We do not have a "free market" economy--we have an economy mostly managed by the oligarchs. You are correct that Cal Fire is a state agency; they participate in suppression of most large fires--whether in forests or cities. My point is that I gladly participate in funding them because they serve all Californians. |
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