What wage is just?

[LeafByNiggle]

LeafByNiggle:

Well, this thread is not about taxes, so I’m not going to follow you down that rabbit hole

Why not? The US has the highest corporate tax rate in the world. At least you Europeans have that right. We even have double taxation of dividends and company profits. I am outraged over that. Unfortunately a lot of that money goes to pay for defense of you Europeans. That is why I am a libertarian isolationist.

Uh, I live in Minnesota. Why did you think I was European?

As for why not go down that rabbit hole of taxes, it would be a deflection from this thread which is supposed to be about “What is a just wage.” If you want to start a separate thread on taxes, I would be happy to debate you on that thread.

 

[Dracarys]

So your measurement of a good economy is whether most people in it can afford to eat out every day?

Of coarse not, but when a Dane tells me a hamburger costs $14 I start to think hyperinflation. You have no choice but to live frugally at those prices. You people have foolishly painted yourself into a corner.

When I visit the US I’m planning on going to Florida first, and I’ll definitely be trying out the famous American slow cooked food.

I don’t know what the exchange rate is between Denmark and the dollar, but you will be amazed at how far your dollar will go compared to the socialist country you have now. BTW when you say slow cooked I assume you mean barbecue. Texas is the state for that in my opinion, but other states will chime in their disagreement Florida has GREAT fresh seafood. Enjoy.

Are you really sure you’d want to see the US military shrinking in size and relevance, and to have Europe being the one calling the shots when it comes to middle eastern conflicts?

We could go on about this for a long time. In brief I would use infantry yo stop the foreign invasion to the south. We actually need less boots on the ground as we could do more damage with bombs and missels from aircraft. Our nuclear submarines Cary enough payload to destroy an entire country. Most of our infantry people are for your benefit. As for the middle East, they hate everyone and will be fighting with someone throughout eternity.

We don’t have a 55% tax rate. You’ve been repeating this for a while, but we simply don’t.

Denmark Personal Income Tax Rate

 

[Dracarys]

Uh, I live in Minnesota. Why did you think I was European?

I guess because you think like one. Sorry . I once heard someone say the only problem with Europe is that it is filled with Europeans.

As for why not go down that rabbit hole of taxes, it would be a deflection from this thread which is supposed to be about “What is a just wage.” If you want to start a separate thread on taxes, I would be happy to debate you on that thread.

Taxes, including corporate taxes for C-corps are just one more expense business owners have to include so it is relevant. But you think companies need to pay an even higher wage. Listening to the posters on this thread most entrepenurs would not even bother with starting a company. Let’s see how all you liberals deal with no more employers.

 

[leonhardprintz]

Of coarse not, but when a Dane tells me a hamburger costs $14 I start to think hyperinflation.

No, that’s just what a gourmet hamburger costs. Like a good one? With a briouche bun and free ranging cattle? If you want junk food you can go to McD can get one of those burgers they call ‘hamburger’ with a straight face, those only cost 2$.

I prefer real burgers.

I don’t know what the exchange rate is between Denmark and the dollar, but you will be amazed at how far your dollar will go compared to the socialist country you have now.

In my estimation it should go roughly twice as far in the US. I agree its cheaper in the US.

I don’t know what the exchange rate is between Denmark and the dollar, but you will be amazed at how far your dollar will go compared to the socialist country you have now. BTW when you say slow cooked I assume you mean barbecue. Texas is the state for that in my opinion, but other states will chime in their disagreement Florida has GREAT fresh seafood. Enjoy.

I definitely will. I’m visiting an old online friend of mine who’ve known for seventeen years. Time to meet in person. He’ll come here and enjoy the danish country side, and the danish food. I’ll go to Florida where he’s from and be shown around.

He also agrees that the seafood is where its at. I’ll make a note about Texas, I might visit that next time in two years.

While I live frugally, I’m definitely a bit of a foodie.

We could go on about this for a long time.

We could, though we’re no where near the length of the thread on evolution.

The Personal Income Tax Rate in Denmark stands at 55.80 percent.

The source of that being, that website. Its really odd to see a website citing itself. I’m honestly wondering how they get to that number. The tax rate on personal income for most people, including me is around 32% (effectively after making deductions).

The only way to get it higher is to include sales tax which they may or may not do, but then that muddies it because you don’t pay sales taxes on everything.

 

[_Ruby]

Denmark Personal Income Tax Rate | 1995-2021 Data | 2022-2023 Forecast | Historical

You really need to be more careful in your finding of data - this is not the first time you have fallen for and repeated false information you found on the internet.

Your own website states: ‘‘The benchmark we use refers to the Top Marginal Tax Rate for individuals’’

Firstly, since the tax is banded, it has little meaning to declare that a country has a 50% tax rate when this tax band applies to about 5% of the population. They are also not paying 50% of their entire salary, just on a specific portion.

It is also inaccurate in its context. Its summary on the UK for example says: ‘‘The benchmark we use refers to the Top Marginal Tax Rate for individuals which is 42,385 pounds in fiscal year 2015/16 and is expected to rise to 43,300 pounds by the 2017/18 tax year.’’ It claims this figure is 50%.

This is incorrect. As I have already shown you earlier, the top marginal tax rate for people in the UK is applied to those earning 150k+, not 43k. It is also banded at 45%, not 50%.

It also incorrectly states our ‘social security’ tax rate is at 25% when it is actually set at 12% + an additional 2% on earnings over 4k per month.

Its not difficult to find data that is actually based on reality. If you are unsure, it is better to ask than assume.

 

[Dracarys]

The only way to get it higher is to include sales tax which they may or may not do, but then that muddies it because you don’t pay sales taxes on everything.

Do you have a VAT like the UK? I think the higher tax is for higher earners. It seems all countries like to punish success. You want employers to pay out an unreasonable wage and if they can’t you want them out of business. Governments force higher earners to pay a higher percentage rate and a higher dollar amount. The US outrageously taxes corporate money twice. Why does the world want to punish those who work hard, risk capital, and employ millions? I want to BE wealthy not penalize them.

 

[YourNameHere]

The other side of the “business thriving” coin is that people have to be able to earn a living wage to be able to buy products are services produced by a business.
Low taxes on businesses only insure that companies will make more and more profit.
Of course, the average worker rarely gains a bump up in pay, but at least the rich are getting richer.

 

[vz71]

Yes, but that doesn’t mean you have to let businesses to anything they want.

A starting point.
I agree. But we all need them to run.
So what do you propose?

 

[Dracarys]

You really need to be more careful in your finding of data - this is not the first time you have fallen for and repeated false information you found on the internet.

Your own website states: ‘‘The benchmark we use refers to the Top Marginal Tax Rate for individuals’’

I am well aware that these are progressive (you say banded) rates. Truly wealthy individuals will quickly reach that top rate, and their income at and above that stage will be taxed in excess of 50 %. As I said truly successful people are penalized.

Your the one that needs to be more careful of making careless assumptions.

 

[LeafByNiggle]

LeafByNiggle:

Yes, but that doesn’t mean you have to let businesses to anything they want.

A starting point.
I agree. But we all need them to run.
So what do you propose?

Balance. …

 

[YourNameHere]

Balance…like a living wage. Business makes money and employees share in the money being made, correct?

 

[Dracarys]

The other side of the “business thriving” coin is that people have to be able to earn a living wage to be able to buy products are services produced by a business.

Sure, but that is not the problem of the employer. You want more and better stuff? Sure you do. Then develop those skills employers want and pay for or start your own business. No one is going to give you anything for free just because you exist. Just being a body means nothing.

 

[vz71]

When I visit the US…

Timeframe?
We need to start another thread for you.
I am sure most here would give you plenty of advice. Where to go, things to see, places to eat.

 

[Dracarys]

Business makes money and employees share in the money being made, correct?

Nope. Employees get paid the amount agreed to upon date of their hiring. Business owners rightfully participate in any excess. That is where shareholders receive dividends. “The people” only own company’s in communist countries.

 

[YourNameHere]

Yes, I understand. A business fails, the people at the top cut themselves a golden parachute to brace for the fall, while the average working person gets the long fall to the ground. The same people who ultimately caused the business to fail do not share in the failure. Only the average working stiff.

 

[YourNameHere]

You make it sound so very easy.
Like, if you don’t have an oil well, just go out back of your house and start drilling for one.
LOL
Such an easy concept.

 

[vz71]

Balance…like a living wage.

No one is arguing against that.

But you know that I not a specific number. How do you propose a small business institute this?

 

[vz71]

A business fails, the people at the top cut themselves a golden parachute to brace for the fall

I would sure like to know where the golden parachute is.
I and most of the other small business owners I know will be financially wiped out if they don’t succeed.

My employees get off easy.
If my business fails, they can simply find another job.
The owner is saddled with the the financial ruin that comes with the failure.

 

[Elf01]

Sure, but that is not the problem of the employer. You want more and better stuff? Sure you do. Then develop those skills employers want and pay for or start your own business. No one is going to give you anything for free just because you exist. Just being a body means nothing.

Want to start a business? Make sure that it’s something customers will pay enough for that you can afford to pay your employees a living wage.

 

[Dracarys]

Want to start a business? Make sure that it’s something customers will pay enough for that you can afford to pay your employees a living wage.

Than a lot of goods and services will cease to exist like fast food restaurants, dollar stores etc. I guess you’ll never get it. Employers have jobs available and pay a market wage. It is the employees responsibility to meet the skill level required, or meet a higher skill level for a better and higher compensated job. Why are you so special to think you should dictate $X to an employer?

I know in communist and socialist countries it’s done differently. In the US we are capitalist. If you don’t like that and prefer to be protected and looked after with things just handed to you like a baby than you are free to move to Europe. Just don’t waste my valuable time asking for an interview.