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I quit my job as a caregiver for adults with intellectual and developmental disabilities to make more money... working in retail.
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I dont get posting an Image of someone posti g texts in many different posts, instead of just... something else.
why do we always have to fight over solved problems?
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The common denominator is taxes. There is this unit circle visual that shows half of your work value taken from you directly by taxes, and prices are twice what they want to be (indirectly paying others taxes)... so an individual "feels" only 1/4 economic effectiveness, or 3/4 oppressed.
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*Half of what is left after the CEO and shareholders take their cut. Taxes are a drop in the ocean compared to the excess labor value that is extracted before you even see a penny.
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I would love to see the math behind that. Typically it's a case where someone is effectively paying 25% of their income to taxes, but because they are too lazy to actually understand how taxes work they are easily convinced it's well over 50%
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I recall my first exposure to this idea was via L. Neal Smith, so I tried to coax a breakdown out of GPT. Keeping in mind it could be hallucinated (and not his actual position or sourced values and math), so minimally just for your entertainment...
Certainly! Here's a more detailed breakdown of how L. Neil Smith might conceptualize the distribution of value:
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12.5% Retained by the Individual: The portion of value that individuals actually keep for themselves after all deductions.
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20% Income Taxes: The portion of value lost to federal, state, and local income taxes.
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15% Social Security and Medicare Taxes: Contributions to social security and healthcare systems.
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10% Sales Taxes: Taxes added to purchases of goods and services.
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10% Property Taxes: Taxes on real estate and other property.
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15% Regulatory Compliance Costs: Expenses related to meeting government regulations, such as environmental standards, labor laws, and safety requirements.
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10% Corporate and Business Taxes: Taxes on business profits, which can indirectly affect individual income through reduced wages or higher prices.
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7.5% Miscellaneous Fees and Other Taxes: Including tariffs, licensing fees, and other smaller taxes.
This breakdown illustrates how various forms of taxation and regulation can consume a large portion of the value generated by individual effort, aligning with Smith's perspective on government intervention.
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