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U.S. default this fall would cost 6 million jobs, wipe out $15 trillion in wealth, study says

Discussion in 'North American Politics' started by Stevicus, Sep 22, 2021.

  1. Heyo

    Heyo Well-Known Member

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    Germany.
    Yep, you want profit. That is what the city (or other community) has to pay you when they pay the rent for a subsidized tenant. And that is exactly what the city saves when it owns the house. It's simple maths.
    The other thing is that the city explicitly wants cheap housing so they build cheap and maintain cheap. You are going to re-invest when you can to attract better paying renters (as much as the market allows and that is exactly the problem of big cities).
    Not in the US, you may be right on that.
     
  2. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    "Simple math" is never simple in the real world.
    Governmental inefficiency exceeds private sector profit
    as a cost of housing. As for the problem of big cities....
    Building there is very expensive for a variety of reasons,
    so housing will be expensive to produce per unit area,
    be it by the government or by private companies.
    Offsetting factors are the lower cost of urban transit,
    less land usage, & lower energy costs. So the demand
    for urban housing is still there.
     
  3. Heyo

    Heyo Well-Known Member

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    What would you say would be a very pleasing tax rate for everyone?
    What would be an ideal way of a government to collect those taxes?
     
  4. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    17% of net income.
    Capital gains income is adjusted for currency devaluation.
    Augment this with a UBI.
    Collect taxes by payroll withholding & quarterly payments by non-employees.
     
  5. Heyo

    Heyo Well-Known Member

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    What about <5%? And the government owns a business to finance its costs? Like Monaco where the principal owns the casino?
     
  6. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    I'm not a fan of government owning the means of production.
    Leaders have concerns that are political, which are often at
    odds with economic productivity.
     
  7. Heyo

    Heyo Well-Known Member

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    I'm not a fan of inefficiency in the name of an ideology.
     
  8. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    I sense both nominal agreement, & specific disagreement in that.
     
    #88 Revoltingest, Sep 23, 2021
    Last edited: Sep 23, 2021
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  9. Friend of Mara

    Friend of Mara Active Member

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    What would you cut in healthcare? We already spent a minute amount.

    The easiest way to increase revenue would be to close the loopholes for taxes. I am all for reducing military spending.
     
  10. Heyo

    Heyo Well-Known Member

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    Example: let the VA, hospitals and insurances negotiate drug prices. The drug prices in the US are a multiple of what they are elsewhere.
     
  11. Friend of Mara

    Friend of Mara Active Member

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    that is a good one. Even better why not regulate the price of drugs.
     
  12. Terrywoodenpic

    Terrywoodenpic Oldest Heretic

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    We do not even do that in the UK. though we negotiate very hard. The NHS as the biggest single buyer in the world. has a lot of negotiating power.

    Even items like hearing aids it gets for a small fraction of the private rate.
     
  13. Friend of Mara

    Friend of Mara Active Member

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    If the US had a single payer healthcare system (which I do advocate for) then the regulation of the prices would be unnecessary assuming they had negotiation power.
     
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