Talk-Polywell.org

No one is investing because it has become impossible to make money on new products or services and startup are punished for growth:
http://www.marketwatch.com/story/no-one ... 2013-08-16

Because there's currently nothing to stop the ultra rich scooping up all their money if they put it on the table. The table's rigged, and there's no other game in town.

Jccarlton wrote:No one is investing because it has become impossible to make money on new products or services and startup are punished for growth:
http://www.marketwatch.com/story/no-one ... 2013-08-16

Our Established Rent-seeking Feudal lords object to competition doncha know.

Diogenes wrote:

Jccarlton wrote:No one is investing because it has become impossible to make money on new products or services and startup are punished for growth:
http://www.marketwatch.com/story/no-one ... 2013-08-16

Our Established Rent-seeking Feudal lords object to competition doncha know.

Well, really everyone's waiting for the governments to stop the ultra rich from stealing everything and then they'll start investing again.

Diogenes wrote:

Jccarlton wrote:No one is investing because it has become impossible to make money on new products or services and startup are punished for growth:
http://www.marketwatch.com/story/no-one ... 2013-08-16

Our Established Rent-seeking Feudal lords object to competition doncha know.

Funny you should mention that:
http://freebeacon.com/medieval-times/
Have you read Gilder's "Knowledge and Power" yet?
http://www.amazon.com/Knowledge-Power-I ... +and+power

This NY time blog post shows something I've thought about for a long time:
http://economix.blogs.nytimes.com/.../...

It's fairly easy when you have assets to minimize you tax exposure by controlling the amount you take as income every year. The big hit from income taxes is taken by those trying to build businesses.

Jccarlton wrote:This NY time blog post shows something I've thought about for a long time:
http://economix.blogs.nytimes.com/.../...

It's fairly easy when you have assets to minimize you tax exposure by controlling the amount you take as income every year. The big hit from income taxes is taken by those trying to build businesses.

Small business income taxes are kept high by the ultra rich to stifle competition. If your taxes are bad the people to blame are the ones who increased your payroll taxes: the teapublicans.

The stimulus invested plenty in small businesses and gave them a payroll tax holiday, which affects small businesses more. The Republicans cut it off. They're sabotaging the economy to lynch the black President and punish the US for electing a black President.

In the tax code proposal I've worked out, there isn't much difference between keeping money in a business and putting it in an IRA. Both tax deferred. The business income until it becomes a personal benefit. The IRA until you withdraw.

In short form: flat income tax rate. investments deduct from income, payouts from investment add to income. Businesses not taxed, business dividends taxable as common personal income.

But I've seen several proposals that would be an order of magnitude improvement over the current 70k+ page mess.

hanelyp wrote:In the tax code proposal I've worked out,

LOL

This is very simple: when we allow ultra rich to suck up all the money they freeze the economy. This isn't even economics it's simple arithmetic. Another way to represent this is to say that the velocity of money declines. It's the same thing, just from another perspective.

When the velocity of money is low, lots of people are poor and a few people are rich. When the velocity of money is high just the reverse.

I suggest that the rich should be required to spend their money in order to be allowed to keep it. As long as they can keep up with their income and an additional percentage of their accumulated wealth, their taxes stay low; when they stop spending, their taxes go up. You wanna be rich, fine, you got responsibilities: live like it. We didn't give you that so you can hoard it. Spend it. Enjoy it. Make sure everyone gets some. That's your job. If you don't like it give all your money away and go be poor. Invest it. If you let it sit there we're gonna take it from you because you're not using it and we need it.