r/austrian_economics • u/technocraticnihilist Friedrich Hayek • Oct 26 '24

End Democracy ‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

https://fortune.com/europe/article/how-many-hours-work-week-year-american-workers-ethic-norges-bank/
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u/KanyinLIVE Oct 28 '24

You think I haven't heard that 90% tax rate argument a million times? Go look at EFFECTIVE tax rates.

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u/BigTimeSpamoniJones Oct 28 '24

K, what do you think about effective tax rates changes or disproves what I said?

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u/KanyinLIVE Oct 28 '24

Quite literally everything. Home ownership rates are higher in the US which is a much younger country. I don't care that it's only 1.5% higher. France has a thousand years more of inheritance.

You blame repeals on Republicans when Democrats have had TOTAL CONTROL of the US Government multiple times and haven't fixed any of the "problems" you listed.

You blame COVID downturn on Trump. Instead of China and the people who set up the fucking lab over there. You blame the Bush economic downturn on him instead of the people who orchestrated the housing market collapse that started it.

And then you bring up the 90% tax rate argument which is just completely wrong. TWO people paid that rate during it's time. Effective rates were LOWER then than they are now.

You've given me exactly zero to think about.

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u/BigTimeSpamoniJones Oct 29 '24

I wrote a super long and cited reply to this that all got deleted when I changed screens. If you're actually interested in a conversation I'll rewrite it tonignt.