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038; MoneySubmit Home This Month Popular The 5 Stages Of The Voodoo EconomyThe 5 Stages Of The Voodoo Economy Max Roscoeis an aspiring philosopher king, living the dream, travelling the world, hoarding FRNs and ignoring Americunts. He is a European at heart, lover of Latinas, and currently residing in the USA.March 24, 2017 Politics After the two world wars ended, the European nations which molded the very civilization the world enjoys today, retreated in prominence, as America rose in wealth and power.The New EconomyIn the
This means that even if in 1982 the owner class took 0% profit for themselves -- which obviously isn't true, but does places a lower limit on what is possible -- then in 2008 that owner class would be taxing it's employees an average of (1.83 - 0.75) / 1.83 or 59%. Now imagine if the government taxed the owner class at 59%. They would be calling for revolution.
Mind you, this is the mathematically lowest amount the worker could be being taxed by employers. And that's assuming that somehow the owners used to tax their employees at 0% in 1982, an impossibility. If they were taxing even 10% back in 1982, the equation becomes (0.10 + 1.83 - 0.75) / (0.10 + 1.83) or 61%. More realistically, if they were siphoning 25% of the pie in 1982, then it makes today's tax 64%
It's not the government taxing you that is making you poor. It's the owner class taxing you. Even if your average federal tax rate is 28%, that's 28% on 36% of your wealth production or a measly 10% even before your standard deduction or itemized deductions. Your employer is taxing you 64%. That's what you should be made about. Your employer is taking over six times as much wealth from you as your government, and he's giving you nothing in return.