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The problem with Socialism

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  • #76
    "how will u remain internationally competitive?"

    How is "competitiveness", whatever it is exactly, affected by this? Your only point in that regard is:

    "how will local companies taxed to the bone compete w/ hong kong?"

    Apart from the "taxed to the bone" histrionics, taxes are on earnings. If they are not competitive and don't earn anything, they pay no taxes. Earnings are just a form of income, and those tax rates are usually lower than those on the income from labour. Effective earnings taxation is about 20-30 % in most OECD countries IIRC. No idea what the rates are in Hongkong, but any advantage will be small.
    “Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)

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    • #77
      Yavoon try this site: www.finnfacts.fi
      Que l’Univers n’est qu’un défaut dans la pureté de Non-être.

      - Paul Valery

      Comment

      • #78
        Originally posted by HershOstropoler
        "how will u remain internationally competitive?"

        How is "competitiveness", whatever it is exactly, affected by this? Your only point in that regard is:

        "how will local companies taxed to the bone compete w/ hong kong?"

        Apart from the "taxed to the bone" histrionics, taxes are on earnings. If they are not competitive and don't earn anything, they pay no taxes. Earnings are just a form of income, and those tax rates are usually lower than those on the income from labour. Effective earnings taxation is about 20-30 % in most OECD countries IIRC. No idea what the rates are in Hongkong, but any advantage will be small.
        obviously u have the foresight of a blind mule in a lightning storm.

        when a company looks at where to build its next plant. or if it should move its current plant. do u think it'll be like "its ok if the taxes are really high cuz we don't have to pay them if we dont make any money!"

        or perhaps "hey man, if we move here then import it to our consumers we could make more money."

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        • #79
          Originally posted by laurentius
          Yavoon try this site: www.finnfacts.fi
          hrrm prolly not the time. I'm just going to have to trust someone and argue on that. I know more about norway, is there really any difference? *ducks*

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          • #80
            You're either half illiterate or trying to be annoying.

            You're changing the topic from competitiveness of companies to that of locations. There are many, many more factors than taxes in determining location. Labour costs/productivity being a crucial one. Social and political stability. Infrastructure. Distance from key markets. Etc etc.

            How many european companies are moving to Hongkong?
            “Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)

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            • #81
              Originally posted by yavoon


              hrrm prolly not the time. I'm just going to have to trust someone and argue on that. I know more about norway, is there really any difference? *ducks*
              So I guess I will just ignore your replies from now on...
              Que l’Univers n’est qu’un défaut dans la pureté de Non-être.

              - Paul Valery

              Comment

              • #82
                Originally posted by laurentius


                So I guess I will just ignore your replies from now on...
                Yup, I'm considering the same...
                “Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)

                Comment

                • #83
                  Originally posted by HershOstropoler
                  You're either half illiterate or trying to be annoying.

                  You're changing the topic from competitiveness of companies to that of locations. There are many, many more factors than taxes in determining location. Labour costs/productivity being a crucial one. Social and political stability. Infrastructure. Distance from key markets. Etc etc.

                  How many european companies are moving to Hongkong?
                  not the ones u give subsidies to thats for sure! ur arguments are inane. yes all those factors matter, but in the end the company will and should do what makes it most profitable. cuz thats why companies exist. if u tax them heavily they will move offshore. it doesn't matter if ur mcdonalds workers have bachelors degrees or not.

                  Comment

                  • #84
                    Originally posted by laurentius


                    So I guess I will just ignore your replies from now on...
                    ensen:captain we just got blindsided by sarcasm. I didn't see it coming at all. what could have possibly blinded us.

                    captainur rampant antagonism made us immediately assume the worst and reply off that assumption. we shall have to immediately make repairs to the ship.

                    Comment

                    • #85
                      Originally posted by yavoon
                      not the ones u give subsidies to thats for sure! ur arguments are inane.
                      Yeeees, how much do we subsidize companies? Btw, the most efficient subsidy is taxing earnings below the general rate of income taxation. You know, that's a tax subsidy.

                      "it doesn't matter if ur mcdonalds workers have bachelors degrees or not."

                      You have a heavy dosage of ideology, but don't understand the most basic economic arguments. That comment is completely beside the issue.

                      Forget it, useless talking to you.
                      “Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)

                      Comment

                      • #86
                        Originally posted by HershOstropoler


                        Yeeees, how much do we subsidize companies? Btw, the most efficient subsidy is taxing earnings below the general rate of income taxation. You know, that's a tax subsidy.

                        "it doesn't matter if ur mcdonalds workers have bachelors degrees or not."

                        You have a heavy dosage of ideology, but don't understand the most basic economic arguments. That comment is completely beside the issue.

                        Forget it, useless talking to you.
                        do u have to make claims every post? if ur arguments were so grand they would not need to always be proceeded by random insults.

                        how much do u subsidize companies? my guess is a lot. this whole thread was started on how finland's economy has stagnated. young ppl are leaving and the tax burden is increasing. do u disagree w/ this?

                        Comment

                        • #87
                          Sigh...

                          "how much do u subsidize companies? my guess is a lot."

                          That's your problem. Only guesses, not facts.

                          "this whole thread was started on how finland's economy has stagnated."

                          Yeah, it just recovered strongly after the recession that was largely due to the collapse of the USSR.

                          The volume of GDP was 41 per cent higher in June 2002 than in March 1993 at the depth of the recession
                          404 | Sivua ei löydy - Sidan finns inte - The page is not found
                          http://www.tilastokeskus.fi/tk/tp_tied/tiedotteet/v2002/185kane.html
                          “Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)

                          Comment

                          • #88
                            Originally posted by HershOstropoler
                            Sigh...

                            "how much do u subsidize companies? my guess is a lot."

                            That's your problem. Only guesses, not facts.

                            "this whole thread was started on how finland's economy has stagnated."

                            Yeah, it just recovered strongly after the recession that was largely due to the collapse of the USSR.



                            http://www.tilastokeskus.fi/tk/tp_ti...2/185kane.html

                            they aren't guesses, and ur venomous posts are becoming dull. yes yes I see u had a bounce back. ur inflation rate is also beginning to climb. that and u levy an astounding 22% sales tax? thats impressive. its 4% here.

                            either way I was merely going on what pekka told me. to call it guesses like I pulled it out my ass only once again(as if the missing of the sarcasm wasn't enuff). how completely radical u r. and how easily and quickly u drop to mere flames.

                            Comment

                            • #89
                              8 seconds of google searching gave like 5 articles on plans to cut income and corporate taxes in finland. weakaned economic futures, and worries that corporations and factories may move overseas.

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                              • #90
                                sure
                                Que l’Univers n’est qu’un défaut dans la pureté de Non-être.

                                - Paul Valery

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