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Joined 1 year ago
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Cake day: July 17th, 2023

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  • Back when there were numerous loopholes, deductions, and methods of evasion and nearly none paid that rate? And when they later lowered effective rates, closed loopholes, and ended up collecting more?

    Yeah, let’s do that. Let’s incentive finding ways to avoid paying taxes.

    This is exactly how you give incentives to higher CEO pay. Record profits? Give all of it to the CEO and you’ll pay none of it to the government. You didn’t mention a higher personal tax rate, so end of the day the CEO wins.

    Own an S-Corp? Pass through all profits to yourself and pay 0%.





  • However, who replaces the aging workforce? Who pays for social security? Back in the 60s, it was a ratio of 6 workers per 1 retired. Now, it’s 3:1. Soon, it’ll be 2:1. That’s bad. Very bad.

    A smaller working population and a large inactive population create huge labour shortages which must be filled by migrant labour which creates additional problems.

    One solution is enabling people to work for longer but this is challenging. Do we push the retirement age to 75? What about the declining health and abilities of ther population.

    People are having children much later than normal. Births under the age of 20 have dropped 90% in the last 10 years. We are aging faster than we are replacing.