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Thread: The income distribution - is this reverse socialism?

  1. #101
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    Quote Originally Posted by henry v View Post
    you have it exactly wrong. If we had gone to universal coverage via single payer that would provide people more freedom to change jobs, move, etc. The current system of employer provided insurance puts far too much power in the hands of employers which restricts the entrepreneurial spirit and freedom to change jobs.
    what about the doctors?

  2. #102
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    Quote Originally Posted by caryalsobrook View Post
    I think YOU need to do the math. In 1976 I was a self employed dentist working for the state. $18,000/year. YOU do the math, less than your $10/hr. .
    okay, I did the math. $18,000 in 1971 is equivalent to $104,000 today. it's really too bad that you had to pay taxes back then. There is no comparison to a college student today making $10 an hour for 3 months.

  3. #103
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    Quote Originally Posted by Henry V View Post
    okay, I did the math. $18,000 in 1971 is equivalent to $104,000 today. it's really too bad that you had to pay taxes back then. There is no comparison to a college student today making $10 an hour for 3 months.
    "You do the math 40/wk $10/hr 18,000 AND YOU PROBABLY WOULD NOT HAVE PAID INCOME TAX 30 YEARS AGO" Your words NOT MINE!

  4. #104
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    Quote Originally Posted by Henry V View Post
    you have it exactly wrong. If we had gone to universal coverage via single payer that would provide people more freedom to change jobs, move, etc. The current system of employer provided insurance puts far too much power in the hands of employers which restricts the entrepreneurial spirit and freedom to change jobs.
    No You have it exactly wrong. First, calling it a single payer system in an outright lie. MILLIONS OF TAX PAYERS are paying it. It is in FACT a Single Employer system. A patient cannot legally hire a doctor to provide services that he chooses and a doctor cannot work for a patient for reimbursement. Second, there is no law stopping you from changing jobs. You may find a job that you like the pay but not the health insurance. Or you may find a job that you like the health insurance but not the pay. Why you think that a Single Employer System would restrict employer power is beyond me. Employers hire people to make money from their labor. They could care less if the pay is in the form of salary or in benefits. Their desire is to structure salary and benefits such that it will attract labor from which they can make a profit. The taxes to pay from the system comes from those who pay the taxes and that includes the employers. If you think simply creating a Single Employer System won't affect the salaries and taxes a company pays, you have no clue. As to restricting the entrepreneurial spirit, only the government does that.

    When I chose a path to work for myself and live where I choose, there were costs. I KNEW there would be no overtime pay, no minimum salary, no vacation, sick leave or workman's compensation. I knew it would take 10 years after college, with no house, no marriage, no kids, and only saving as much as I could as fast as I could. When I graduated from dental school at the age of 36, I did not owe anything nor have two nickels to rub together but I had gotten married. I had paid the price to be able to work for myself and live where I chose. It did not however guarantee me a certain income.

    Now you think that Employers have more power. Well they have no more power than they ever had. Now you are not satisfied with the choice you made. Well you still have the same choice you had when you decided to work for a company. You just don't like the choice you made.

    You also mentioned farm subsities. You evidently missed my post eliminating the Dept. of Agriculture. I don't like them any more than you do. Get rid of all of them and I would be happy. But there is no way one can compete when the government gives money to my competitors and not me. By the way, you can type in my name with "farm subsity" then I can tell you how the figures are not the truth.

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    "Little do those kids know what the consequences of doing so are. they can never take bankrupcy on the student loans, and they have no idea of the RISK in going to college." caryalsobrook
    This is simply not true. You can in fact file chapter 7 bankruptcy on student loans. You just can't do for 10 years from your last payment or last deferrment. You will be in default and they will take any tax refund you might get, but bankruptcy is a possibility after a long wait. It also reflects negatively on your credit report as well while you are in default. After the bankruptcy, no problems at all. You cnnot, however, file bankruptcy on income taxes that you owe.
    Last edited by shinyhead; 11-26-2013 at 04:48 PM. Reason: needed to change color of font for quote.

  6. #106
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    Quote Originally Posted by Henry V View Post
    You seem to have missed the point. If you want lower taxes, take a job that makes a lot less money and get more deductions....live the high life with a higher effective tax rate.


    Do the math. 40 hours a week, $10 an hour = you pay no taxes and probably never would have for the past 30 years. I guess the fact that most college student now carry an average of $30,000 in student loans is because they are all much lazier than previous generations. No one riding in the wagon here. By the way, how are your farm subsidies this year?
    Hate to tell you but I paid both state and federal income taxes when I made less than $20800 per year. That was less then 30 years ago!
    Hihope Hiland Heathen of Perth CD, RE, CGC, TDI

  7. #107
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    Quote Originally Posted by Henry V View Post
    okay, I did the math. $18,000 in 1971 is equivalent to $104,000 today. it's really too bad that you had to pay taxes back then. There is no comparison to a college student today making $10 an hour for 3 months.
    Well your math is wrong. Standard work hours is 2080!
    Hihope Hiland Heathen of Perth CD, RE, CGC, TDI

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    Quote Originally Posted by luvmylabs23139 View Post
    Well your math is wrong. Standard work hours is 2080!
    His math is right (rounded) using an cumulative rate of inflation of 474.7, don't know why you would be using 2080, makes no sense.
    Last edited by mngundog; 11-26-2013 at 05:50 PM.

  9. #109
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    Quote Originally Posted by mngundog View Post
    His math is right (rounded) using an cumulative rate of inflation of 474.7, don't know why you would be using 2080, makes no sense.
    He said $10 per hour was 18K. Standard work hours for a 40 hr week is 2080. So it should be $20800.
    At a 37 1/2 hr week it would be $19500.
    Hihope Hiland Heathen of Perth CD, RE, CGC, TDI

  10. #110
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    Quote Originally Posted by luvmylabs23139 View Post
    He said $10 per hour was 18K. Standard work hours for a 40 hr week is 2080. So it should be $20800.
    At a 37 1/2 hr week it would be $19500.
    You need to read his posts before you reply and say he is wrong.

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