Henry Tax Revue (2 Viewers)

[withoutaface]

Taking companies as 'workers,' top level in one industry =/= top level in another. A top waiter will be in a different tax bracket to a top lawyer.

What other industry is earning ROIs in excess of 11% as standard???

If another industry was to achieve this, I'd completely support the super profits tax there as well.

There's no distinction between worthiness of companies; it's a progressive thing. I.e. once profits > 12%, move into next tax bracket of 40%

Substantiate that the average return on a mining investment is 11%. Businesses can't be taxed like individuals because businesses which make high profits are also prone to making huge losses, which they are never compensated for (cf no one mining company has a monopoly on these minerals, and the mechanics of a competitive market reflect the true costs and risk incurred in extracting these rocks).

If you can convince people of this, you win. This is a basic fundamental assumption of arguments supporting my view.

Argumentum ad populum - Wikipedia, the free encyclopedia
You're playing with the big boys now, argue like one.

 

[Teclis]

i did i said read rothbards work and you seem to be on the up up with it so what he says is my answer

also unfortunately i actually had to look up neoclassical syntheses which contains strong elements of Keynesian in them, which as you know i am very much against simply because it doesn't work and is illogical. so i don't know why you said practical and logical in your above sentence.

Elements man...

elements...

Like... people are greedy and if they can get away with doing something dangerous (like oh I dunno... putting Asbestos in fibro for houses knowing that it's dangerous... or selling Cigarrettes as healthy knowing they kill you... or in a Fight Club Esque manner... not introduce a recall on a car because the potential costs leading from death and ensuing litigation is not as high as the cost as a recall) they will do it...

It is also influenced by a stronger supply and demand stance then Keynesian... It's a free market with a limited governmental input (you know... to stop companies selling guns to known criminals and ecstacy to children as a fun sweet)...

I say logical not because it's a perfect system... yes Governments can make things worse... I say logical in that it works with our system of government... with our system of law.

 

[withoutaface]

Elements man...

elements...

Like... people are greedy and if they can get away with doing something dangerous (like oh I dunno... putting Asbestos in fibro for houses knowing that it's dangerous... or selling Cigarrettes as healthy knowing they kill you... or in a Fight Club Esque manner... not introduce a recall on a car because the potential costs leading from death and ensuing litigation is not as high as the cost as a recall) they will do it...

The notion that private courts (if they existed) would not enforce torts is silly. If those calculations were made then either the public would be willing to accept that risk for upfront extra salaries, or the compensation for negligence and fraud needs a serious rethink.

It is also influenced by a stronger supply and demand stance then Keynesian... It's a free market with a limited governmental input (you know... to stop companies selling guns to known criminals and ecstacy to children as a fun sweet)...

You'd prefer those criminals bought those guns from the blackmarket then sold MDMA to kids anyway except it was actually lethal quantities of GHB?

 

[scuba_steve2121]

Elements man...

elements...

Like... people are greedy and if they can get away with doing something dangerous (like oh I dunno... putting Asbestos in fibro for houses knowing that it's dangerous... or selling Cigarrettes as healthy knowing they kill you... or in a Fight Club Esque manner... not introduce a recall on a car because the potential costs leading from death and ensuing litigation is not as high as the cost as a recall) they will do it...

It is also influenced by a stronger supply and demand stance then Keynesian... It's a free market with a limited governmental input (you know... to stop companies selling guns to known criminals and ecstacy to children as a fun sweet)...

I say logical not because it's a perfect system... yes Governments can make things worse... I say logical in that it works with our system of government... with our system of law.

but everything that you listed happens anyway but just in different ways.

our definitions of limited government are very different XD

lol people didn't find out smoking was dangerous under the order of some bureaucrat nor did they with asbestos.

but you have to admit stimulus package is bullshit right?

 

[zombie omie jay]

im not an exceptionally smart guy

but fuck

this is not so hard to understand, you clusterfucks

 

[Debauchee]

bullshit, as much as I <3 the free market I do not think it could replace roads healthcare or education completely.

This is entirely understandable, though I believe it suggests some ignorance on your part i.e you don't know enough about, ugh, "anarcho-capitalist" theory.

 

[Riet]

This is entirely understandable, though I believe it suggests some ignorance on your part i.e you don't know enough about, ugh, "anarcho-capitalist" theory.

I do not deny this, I am an engineer first and foremost, wish I had time to read more on economics.

 

[Debauchee]

Meh, that's fair enough, as long as you believe in the primacy of the free market then anything after that is pretty unimportant.

 

[zombie omie jay]

i 100% guarantee that roads would be better off being privately owned

 

[scuba_steve2121]

i 100% guarantee that roads would be better off being privately owned

not a question if they would be better off privately run its a question of how

 

[withoutaface]

Also just for reference, aussie-boy was quoting double the actual profit margin where it kicks in. It's 6%. Rudd, Barnett rift grows over mining tax - The West Australian

 

[Riet]

Imagine if WA secede

 

[zombie omie jay]

today i was at the ramroc engineers meeting and the RTA were having a cry because we were taking on sealing contracts, putting 25% on top, then contracting the sealing to a private sealing company

so much waste

 

[Debauchee]

http://en.wikipedia.org/wiki/Secessionism_in_Western_Australia

 

[Lolsmith]

Let them secede.

Then we invade (former) WA and enslave the population to work in the mines. That'll cut the production costs of the mining companies and then the new taxes won't matter as much.

Works well for everyone.

 

[Debauchee]

Let them secede.

Then we invade (former) WA and enslave the population to work in the mines. That'll cut the production costs of the mining companies and then the new taxes won't matter as much.

Works well for everyone.

No because now government is running things, and it is impossible for government to run anything efficiently, and so productivity decreases by far more than the savings in wages would.

 

[Lolsmith]

Sell the slaves via contract to the companies.

 

[scuba_steve2121]

Sell the slaves via contract to the companies.

genius, lolsmith is truly a man of vision

 

[aussie-boy]

Substantiate that the average return on a mining investment is 11%. Businesses can't be taxed like individuals because businesses which make high profits are also prone to making huge losses, which they are never compensated for (cf no one mining company has a monopoly on these minerals, and the mechanics of a competitive market reflect the true costs and risk incurred in extracting these rocks).

Av. return on a mining investment is irrelevant... point is, its the most profitable industry in Australia at the moment. Remember these companies are only taxed at 40% for ROIs over 11% - you haven't really disproven my point.

Individuals can make huge losses (=personal debt)
Individuals become bankrupt; companies are liquidated.[/quote]

Argumentum ad populum - Wikipedia, the free encyclopedia
You're playing with the big boys now, argue like one.

Whether we have a right to the resources has nothing to do with this argument. The issue is whether a country should have the right to make profits over 11% ROI without creeping into a higher marginal company tax bracket, and whether such a policy would have detrimental economic effects.

 

[Teclis]

The notion that private courts (if they existed) would not enforce torts is silly. If those calculations were made then either the public would be willing to accept that risk for upfront extra salaries, or the compensation for negligence and fraud needs a serious rethink.

You'd prefer those criminals bought those guns from the blackmarket then sold MDMA to kids anyway except it was actually lethal quantities of GHB?

It's not regulation of drugs I have a problem with. If they legalised many drugs I would have a problem because they could be regulated... I would prefer it actually... It's companies not having any accountability in what they sell because everything and anything goes...

And I am yet to see any evidence of how a private court could enforce it's law other than with violence that they deemed necessary... that's a dangerous precedence for a police state which I highly doubt is a freedom you would like. What would be there to stop a private court from eliminating it's opposition through imprisonment?

but everything that you listed happens anyway but just in different ways.

our definitions of limited government are very different XD

lol people didn't find out smoking was dangerous under the order of some bureaucrat nor did they with asbestos.

but you have to admit stimulus package is bullshit right?

I know they didn't... but if it wasn't for the rule of law, then those products could have continued to sell without restriction.

And yes Rudd's Stimulus package was fail... While I liked my $900 very much thankyou and I chose to actually spend it as it was meant to be spent... i know SO many people who put it towards debt reduction, in their savings etc... and yes it should have been spent on smarter things... like less shit roads and not on shitty auditoriums for school