News for hackers. Stuff that matters.
Re:Anthony Bourdain on not having debt by jlebar on Thursday March 16, 2017 @12:54PM (#13886585)
The problem I have, and that I think many people have, is that fraction: 30/60 = 1/2 = getting a bit silly.

But why? I mean, are you just rationalizing? "I think 50% taxes is a lot just because I do, therefore I think it's bad policy." Or is there a logical reason that 50% is "a bit silly" but, say, 30% (or whatever your number is) is fine?

This is something that Nobel prize-winning economists fight over -- exactly how high a tax rate is too high? -- so I kind of doubt we're going to resolve it here on HN. My point is that we all have feelings ("I don't like the color mauve", "50% taxes rubs me the wrong way"), but these have to be separate from motives for enacting policy.

Re:Anthony Bourdain on not having debt by braveo on Thursday March 16, 2017 @01:15PM (#13886812)
You're only 1/2 way away from slave labor at that point.

And when you factor in other taxes, you pay more than 50%, it's too much.

And if I choose not to pay those taxes, my freedom is taken away, so don't tell me the slave point is invalid.

Re:Anthony Bourdain on not having debt by undersuit on Thursday March 16, 2017 @03:23PM (#13888235)
>You're only 1/2 way away from slave labor at that point.

No one getting taxed at an effective 50% tax rate in the United States is anywhere near a slave. The minimum wage McDonald's worker with a 15% tax rate is the slave.

Re:Anthony Bourdain on not having debt by esrauch on Thursday March 16, 2017 @01:25PM (#13886908)
His point is that the same things apply to 30% tax: you are only 2/3 away from being a slave, if you don't pay your 30% your freedom is taken away.

There isn't a rational difference between 30 and 50, the only difference is "I feel that it is too much", right?

Re:Anthony Bourdain on not having debt by braveo on Sunday March 19, 2017 @06:05PM (#13909947)
There is absolutely a rational difference between 30 and 50%.
Re:Anthony Bourdain on not having debt by esrauch on Sunday March 19, 2017 @07:35PM (#13910509)
The numbers are clearly different, but not in the "one is slavery and the other is not" kind of way right?
Re:Anthony Bourdain on not having debt by braveo on Tuesday March 21, 2017 @04:56PM (#13926134)
We as a society went to war with companies over how much time they can require of us. Nowadays companies can only require us to work roughly 23% of the hours in a week.

50% is 84 hours/week, we as a society have already deemed the difference between those to be significant enough to fight about.

The difference between 50% of your income and 30% of your income is significant.

Re:Anthony Bourdain on not having debt by Daishiman on Thursday March 16, 2017 @01:26PM (#13886922)
No, you're just 1/2 away from the point where your return on investment is not justified. And that's fine; there's a lot of perfectly valid reasons a situations where working is not worth it.
Re:Anthony Bourdain on not having debt by rsync on Thursday March 16, 2017 @03:57PM (#13888597)
"But why? I mean, are you just rationalizing? "I think 50% taxes is a lot just because I do, therefore I think it's bad policy." Or is there a logical reason that 50% is "a bit silly" but, say, 30% (or whatever your number is) is fine?"

No, I don't think I am rationalizing or being irrational.

Note: I don't make any claims to know what the right overall tax rate is - if you're asking me about 32% vs. 38% vs. 29% ... I am as lost as you, and those economists, are.

However I think that 1/2 is not an arbitrary point on that scale - I think there is a qualitative difference between more than one half and less than one half.

If I am assessed more than one half of what I earn, that's unfair in a way that I believe appeals to innate concepts of fairness that we all share, rather than "I just don't like that number".

Re:Anthony Bourdain on not having debt by lap42 on Thursday March 16, 2017 @05:59PM (#13889586)
Laffer Curve.

10% will be enough in the future, except for those countries in war, like US always will be.