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European Salon de News, Discussion et Klatsch - 31 May | 49 comments (49 topical, editorial, 0 hidden)
Re: European Salon de News, Discussion et Klatsch (none / 1)

4xGDP per head.

I am more accustomed to seeing this referred to as multiples of the "average wage" or "the median wage" (quite different things, for sure).  Does GDP refer to gross domestic product?

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 31st, 2008 at 12:53:00 PM EST
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Re: European Salon de News, Discussion et Klatsch (none / 1)
Yes, I figure that makes matter simple and that by the time the tax forms are mailed out the GDP/head for the previous year has been computed.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Carrie (migeru at eurotrib dot com) on Sat May 31st, 2008 at 12:56:05 PM EST
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Re: European Salon de News, Discussion et Klatsch (none / 1)

by the time the tax forms are mailed out the GDP/head for the previous year has been computed.

I can see the advantages of that.  But what portion of GDP does total national wages form? Can I presume that the individuals income would be all income, including dividends, investment income, etc?

In the US we need to put high taxes on large estates as well.  As Willie Sutton observed: "Cause that is where the money is."

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 31st, 2008 at 01:06:42 PM EST
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Re: European Salon de News, Discussion et Klatsch (none / 1)
It's an income tax, not a wage tax, so indeed all income must be taxed similarly...

And about taxing estates, that's why I talked about wealth tax upthread...

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Sat May 31st, 2008 at 01:08:55 PM EST
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Re: European Salon de News, Discussion et Klatsch (none / 0)
I missed that, skimming through the thread.  But I am letting the day get away from me and must get some yard work done.  Later.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 31st, 2008 at 01:41:54 PM EST
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Re: European Salon de News, Discussion et Klatsch (none / 0)
At least you should do GNI per head...
by nanne (zwaerdenmaecker@gmail.com) on Sun Jun 1st, 2008 at 03:31:53 AM EST
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European Salon de News, Discussion et Klatsch - 31 May | 49 comments (49 topical, 0 editorial, 0 hidden)
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