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Re:The End of Retirement (2014) by kingsuper20 on Thursday May 20, 2021 @11:00AM (#27221981)
> Also houses are almost literally untouchable,

Often, (in the US) retirement accounts are also sacrosanct, depending on the claim.

The issue of houses reminds me of how much of the US tax system is regressive. Electric car subsidies, special treatment for capital gains, mortgage deductions.

Re:The End of Retirement (2014) by ixacto on Thursday May 20, 2021 @11:49PM (#27230285)
The US tax system is designed by people who in theory represent the will of the people, but in reality that are advocating for special interests.

You have things like SALT tax deduction and mortgage interest tax deduction which are directly designed to benefit rich liberals in blue states by subsidizing their oversized government. Take these away and people get mad or move to TX/FL/NV because they actually have to pay their full taxes.

Also having a high state sales tax is much more logical if you don’t want to pay tax just don’t spend money.

It would make much more sense to just do a federal sales tax, totally eliminate the corporate tax as people are paying taxes anyway and it is just a disadvantage to us-domiciled corporations competitiveness, and also totally eliminate fed and state income taxes. Like purge them with fire, there’s way too much complexity and corruption built up over the last hundred years.

Then if you still care about people at the end just institute UBI and Medicare for all to eliminate the billing complexity and potential for discrimination. This policy would also be compatible with open borders and free movement of labor if we as a society decided we want that.

Re:The End of Retirement (2014) by saithound on Thursday May 20, 2021 @11:31AM (#27222461)
Private retirement accounts are far from untouchable in the EU, though: e.g. Hungary straight-up nationalized private pension funds in 2010 [1].

[1] https://www.ipe.com/nightmare-in-hungary-as-government-natio...

Re:The End of Retirement (2014) by dantheman on Thursday May 20, 2021 @12:39PM (#27223459)
The US tax system isn't regressive; I'm against legislating behavior through tax breaks, but calling them subsidies isn't really fair either.
Re:The End of Retirement (2014) by dan-robertson on Thursday May 20, 2021 @04:43PM (#27226963)
The comment was only about parts of the us tax system. Regressive is a technical term and means that the effective rate decreases as one’s means increase. A simple example is a flat poll tax: richer people feel a much lower burden than poorer people. Mortgage contribution deductions are regressive because poorer people don’t have mortgages on average.
Re:The End of Retirement (2014) by missedthecue on Thursday May 20, 2021 @06:56PM (#27228472)
It's also worth noting that the mortgage contribution benefit is capped at a few thousand bucks. It primarily benefits the middle class but is an after thought to millionaires and above. It really doesn't move the needle for them.