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pointster
Joined: 22 Jul 2010 Posts: 376
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Posted: Wed Apr 23, 2014 1:43 pm Post subject: |
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mrgybe wrote: | pointster wrote: | First, let’s look at the premise that private sector workers support the rest of the economy...... Private sector workers do not provide all the income and wealth of the economy...... |
However, the fundamental point is that the private sector can, and for centuries did, exist without a public sector. The public sector cannot exist without the private sector. Taxes paid by public sector workers are merely one way that taxes extracted from the private sector are recycled by public sector workers. Put another way, if all forms of taxation were eliminated tomorrow, the public sector would cease to exist in short order. The private sector would continue, albeit in an altered form. |
Could you cite some examples where a private sector existed without a public sector? And can you point to any post-industrial revolution market economy that has no public sector?
But this is a digression. Implicit in the argument was the notion that the private sector creates all value (utility) in today's economy. This is simply not true: public sector workers do create value, they are compensated, and pay taxes which are, in part, used to make transfer payments.
Last edited by pointster on Thu Apr 24, 2014 9:51 am; edited 1 time in total |
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boggsman1
Joined: 24 Jun 2002 Posts: 9120 Location: at a computer
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Posted: Thu Apr 24, 2014 9:47 am Post subject: |
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mrgybe wrote: | All the huffing and puffing above, and the predictable fabrication from Berkeley, does nothing to rebut the proposition that the public sector exists only by extracting funds from the private sector. Whether there is merit in some functions fulfilled by the public sector is an entirely different question. |
What you call an extraction, most in Northern Virginia call an economy. If the average company pays 17-18% in corporate taxes, after depreciation etc., it still nets far more than if it paid ZERO taxes, and had NO govt to protect its patents, protect it from attack, and lets not even mention the fact that many private sector companies list the FED as Client NO. 1. |
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mrgybe
Joined: 01 Jul 2008 Posts: 5180
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Posted: Thu Apr 24, 2014 10:17 am Post subject: |
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Try reading the last sentence of my post again. It will help. |
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boggsman1
Joined: 24 Jun 2002 Posts: 9120 Location: at a computer
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Posted: Thu Apr 24, 2014 10:42 am Post subject: |
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Mr G...I know its William Shakespierre's 600th birthday this week, but comparing old world private sector bartering with today's dynamic global economy is not an apples -apples discussion. The economy relies on both. |
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mac
Joined: 07 Mar 1999 Posts: 17748 Location: Berkeley, California
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Posted: Thu Apr 24, 2014 11:02 am Post subject: |
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The oil industry relies on what the the public sector currently does, or has done in the past, for:
1. Building and maintaining ports.
2. Building and maintaining roads for transport of oil-based products.
3. The land and water based sources for most domestic oil and gas.
4. The rail system for transport of oil products.
5. The defense system which provides for security for transport of oil from the Middle East.
6. Allowing toxic combustion products to be discharged into the air without treatment or cost.
You can always do a little research and find out whether or not the oil industry pays a tax burden that reflects these benefits. They do not.
Mrgybe is free to fabricate nonsense. But it doesn't make it persuasive. |
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KGB-NP
Joined: 25 Jul 2001 Posts: 2856
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Posted: Thu Apr 24, 2014 11:43 am Post subject: |
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Wow you guys couldn't dig deeper in Mr. G's statement and it's intent if you tried. |
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mac
Joined: 07 Mar 1999 Posts: 17748 Location: Berkeley, California
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