semideclared's recent activity

  1. Comment on Why are millennials burned out? Capitalism. in ~misc

    semideclared Link
    Facebook and Twitter have changed the perception for everyone. I was, and my friends were, just as burned out, gung-ho about politics in 2004 as a Jr in college. We could write letters to the...

    Facebook and Twitter have changed the perception for everyone. I was, and my friends were, just as burned out, gung-ho about politics in 2004 as a Jr in college.

    We could write letters to the editor, and listen to podcast, but now it's so easy to get stuck in your political micro-circle

    2 votes
  2. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    A gamechanging immunotherapy drug that can extend the life of patients with advanced head and neck cancer has been turned down for use in the NHS because of its high cost. Nice will not approve...

    A gamechanging immunotherapy drug that can extend the life of patients with advanced head and neck cancer has been turned down for use in the NHS because of its high cost.

    Nice will not approve drugs that cost more than its threshold of £20,000 to £30,000 per year of quality life, except for an end-of-life treatment – as this drug is – in which case the threshold rises to £50,000. But Nice believes nivolumab would cost between £66,000 to £75,000 per year of quality life.

    He or she could opt to take the free NHS standard treatment, or he or she may decide to pay out of pocket to obtain the benefit of the new treatment from a different health care provider. If the person has a private health insurance policy the person could check to see whether the private insurance provider will fund the new treatment. About 8% of the population has some private health insurance from an employer or trade association and 2% pay from their own resources.

  3. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    As with any system financing health care, the NHS has a limited budget and a vast number of potential spending options. Choices must be made as to how this limited budget is spent. Economic...

    As with any system financing health care, the NHS has a limited budget and a vast number of potential spending options. Choices must be made as to how this limited budget is spent. Economic evaluations are carried out within a health technology assessment framework to compare the cost-effectiveness of alternative activities and to consider the opportunity cost associated with their decisions.[23] By choosing to spend the finite NHS budget upon those treatment options that provide the most efficient results, society can ensure it does not lose out on possible health gains through spending on inefficient treatments and neglecting those that are more efficient.

    NICE attempts to assess the cost–effectiveness of potential expenditures within the NHS to assess whether or not they represent 'better value' for money than treatments that would be neglected if the expenditure took place

    He or she could opt to take the free NHS standard treatment, or he or she may decide to pay out of pocket to obtain the benefit of the new treatment from a different health care provider. If the person has a private health insurance policy the person could check to see whether the private insurance provider will fund the new treatment. About 8% of the population has some private health insurance from an employer or trade association and 2% pay from their own resources.

  4. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    How do you define appropriately, is it Just 5% of Americans Account for 50% of U.S. Health Care Spending. The top 1%, 3,257,000 people receive on Average $209,000 annually in medical care The Next...

    How do you define appropriately, is it
    Just 5% of Americans Account for 50% of U.S. Health Care Spending.

    The top 1%, 3,257,000 people receive on Average $209,000 annually in medical care
    The Next 4%, 13,028,000 people receive on Average $104,000 annually in medical care
    The bottom 95% 309,400,000 receive on Average $5,500 annually in medical care
    325,415,000 receive on average $10,500 per person in medical costs

    Is it how are funded

    • As whole dollars, $1 in total funding For england is received
      0.33 from taxes
      the top 50% pay 0.27

    *As whole dollars, $1 in total funding for the USA received
    0.50 from taxes
    the top 50% pay 0.48

    As for education most of the budget ~78% is personnel. of that budget 56% is teachers 39% is student support services. 5% is back office

    Now where do you make cuts, In Nashville A director Level is 150,000 for a Top 30 size district. I would love to find a report on the amount of necessary oversight. Avg Teacher salary is 56,000 Principles make 134,000. School counselors part of that support expense are 72,000. Add in an Admin for 58,000 and a secretary for 35,000.
    HR Dept for employees is 6.9 Million

  5. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    On housing, Who regulates them? The stuff inside of a house is crazy different, and the size of a house has grown by 50% with every generation. GI Bill homes were 950 sq ft. IN 1970 homes were...

    On housing, Who regulates them?

    1. The stuff inside of a house is crazy different, and the size of a house has grown by 50% with every generation. GI Bill homes were 950 sq ft. IN 1970 homes were 1500 sq ft. In 2000s they were 2400 sq ft. and last year they hit 2700 sq ft
    2. There were more homes sold in 2017 for over $500,000 than homes costing less than $200,000
    3. The builder will make an average profit of 10% of sale price on home being built. Of course that percent can easily goes up when a vacant lot can be purchased cheap and re-devolved into a luxury neighborhood. Add in that luxury houses come with lots of add-ons that are also highly profitable to builders and profits on the house can rise there too.

    As an example you can develop a 10 acre site into
    30 $125,000 Affordable homes with a ~8% profit = $300,000
    or 12 $500,000 Luxury homes with that higher ~15% profit = $1,080,000

    1. Who becomes the person/entity to spend 50k fixing up a home to modern codes and consumer appetite
      The issue is the Dr/Lawyer/etc who can buy a depressed home for 100k and drop 100k on it to sell it for 250k.
    • How do we stop the depressed home from being flipped from affordable housing to upper middle class dream home? My friends parents just bought one of these last year. House was gutted and resold and they are in a middle class neighborhood that has become upperclass as this is just rinse and repeat
  6. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    Not sure where you would get 45% tax rate. Someone making 50k in the middle class is subject to a income tax rate of 6%-7%. Depending on the state somewhere between 50%-20% is subject to Sales tax...

    Not sure where you would get 45% tax rate. Someone making 50k in the middle class is subject to a income tax rate of 6%-7%. Depending on the state somewhere between 50%-20% is subject to Sales tax of 4% and 10%
    As an Example Nevada in the high side has ~half your income subject to 8% sales tax. Nevada has lower Property Taxes at 0.68% And no income or Corporate taxes

    I did read up on him I saw he supported a 14% Corporate tax rate, but higher taxes on OIl industry

  7. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    The UK has a 20% VAT which isnt included in those numbers and provides 42% of Govt funding

    The UK has a 20% VAT which isnt included in those numbers and provides 42% of Govt funding

  8. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    To control cost NHS, reviews large or ongoing health care costs. The US doesn't. There are plenty of ways to save money in bringing downs costs, but to reduce cost overall we would have to limit...

    To control cost NHS, reviews large or ongoing health care costs. The US doesn't. There are plenty of ways to save money in bringing downs costs, but to reduce cost overall we would have to limit care

    1. The top 1%, 3,257,000 people receive on Average $209,000 annually in medical care
    2. The Next 4%, 13,028,000 people receive on Average $104,000 annually in medical care
    3. The bottom 95% 309,400,000 receive on Average $5,500 annually in medical care
    • 325,415,000 receive on average $10,500 per person in medical costs
  9. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    The USA doesn't say no to healthcare, this means the US spends 3.4 Trillion on healthcare, but The top 1%, 3,257,000 people receive on Average $209,000 annually in medical care The Next 4%,...

    The USA doesn't say no to healthcare, this means the US spends 3.4 Trillion on healthcare, but

    Just 5% of Americans Account for 50% of U.S. Health Care Spending.

    1. The top 1%, 3,257,000 people receive on Average $209,000 annually in medical care
    2. The Next 4%, 13,028,000 people receive on Average $104,000 annually in medical care
    3. The bottom 95% 309,400,000 receive on Average $5,500 annually in medical care
    • 325,415,000 receive on average $10,500 per person in medical costs
  10. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    Not paying the same share as wealthy. Paying a share of the costs that now include major social serervices for everyone. The UK has a 20% VAT that provides funding for much of the government...

    Not paying the same share as wealthy. Paying a share of the costs that now include major social serervices for everyone.

    The UK has a 20% VAT that provides funding for much of the government (42%). In cities instead of Property/Sales Taxes the central gov't provides funding

    2 People each making 32,000

    In England you'll end up paying

    • an effective tax rate of 10.5%
    • 8% Insurance Tax

    In America

    • an effective tax rate of 6.9%
    • 1.35% Insurance Tax

    The gas tax avg among our peers is $2.62 including that one of those is 0 and the other 0.18

    If we were to increase the taxes on the current top 50% to pay for the healthcare it only further makes us unlike our peers. IN England the top 50% pay 90% of tax revenue which is 33% of Total revenues for the UK.

    As whole dollars, $1 in total funding received
    is 0.33 from taxes
    the top 50% pay 0.27

    The US currently is the same nearly top 50% pay 96% of tax revenue which is 50% of Total revenues for the US.
    As whole dollars, $1 in total funding received
    is 0.50 from taxes
    the top 50% pay 0.48

    What is Wealth?

    To make meaningful comparisons of wealth inequality across countries and over time, it is critical to adopt a common, consistent, and comprehensive definition of wealth. In this article I follow the definition codified in the System of National Accounts (2009), Piketty and Zucman (2014),and Alvaredo et al. (2016): household net wealth includes all the non-financial assets

    This definition is comprehensive in the sense that it includes all forms of marketable wealth.However, it excludes a number of components that are sometimes thought as being part of wealth. First, it excludes durable goods and valuables, such as cars and furniture.

    This is the definition followed by all the wealth inequality series published on the World Inequality Database at http://WID.world

    Other facts from wealth in 2017

    According to our estimates, half of all adults in the world own less than USD 2,222, and the bottom 20%, The “bottom billion” phrase was introduced by Collier (2007), for whom it referred mainly to the people living in 58 countries he believed were in a development trap that prevented them from rising out of poverty.
    How do you measure wealth In North America where almost all of those in the global bottom quintile have negative wealth. To some extent, this reflects poverty and the relative ease of borrowing.
    When vehicles are purchased, it is typically not included in wealth surveys in high income countries. If such assets are financed by consumer borrowing, the debt is recorded in a wealth survey but the offsetting asset is not, reducing estimated net worth. Similarly, student loans help create human capital, but do not produce a balancing asset in the household wealth calculations.

  11. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    Why is it that the US and Canada have the lowest sales taxes and gas taxes and we worry about affecting the poorest people while other countries have much higher taxes to pay for an entire country...

    Why is it that the US and Canada have the lowest sales taxes and gas taxes and we worry about affecting the poorest people while other countries have much higher taxes to pay for an entire country to have social services

    2 People each making 32,000

    In England you'll end up paying

    • an effective tax rate of 10.5%
    • 8% Insurance Tax

    In America

    • an effective tax rate of 6.9%
    • 1.35% Insurance Tax

    The gas tax avg among our peers is $2.62 including that one of those is 0 and the other 0.18

    If we were to increase the taxes on the current top 50% to pay for the healthcare it only further makes us unlike our peers. IN England the top 50% pay 90% of tax revenue which is 33% of Total revenues for the UK.

    As whole dollars, $1 in total funding received
    is 0.33 from taxes
    the top 50% pay 0.27

    The US currently is the same nearly top 50% pay 96% of tax revenue which is 50% of Total revenues for the US.
    As whole dollars, $1 in total funding received
    is 0.50 from taxes
    the top 50% pay 0.48

    The UK has a 20% VAT that provides funding for much of the government (42%) in cities instead of Property/Sales Taxes

    1 vote
  12. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    That seems like a different issue.

    That seems like a different issue.

    3 votes
  13. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    Yea... Then there is no way to fairly compare Healthcare costs and the idea of having a similar experience in the USA is much different. With Medicare for all and better cost management we could...

    Yea... Then there is no way to fairly compare Healthcare costs and the idea of having a similar experience in the USA is much different.

    With Medicare for all and better cost management we could see reduced costs of 5-10 percent. But we're still $9000 per person

    1 vote
  14. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    If you have an expensive surgery or longterm care that is above average, NHS will review it at your local Clinical Commissioning Group and it's cost Benefit effectiveness is reviewed to be...

    If you have an expensive surgery or longterm care that is above average, NHS will review it at your local Clinical Commissioning Group and it's cost Benefit effectiveness is reviewed to be covered.

    Hundreds of people in Leeds have been denied various forms of medical treatment by the NHS, LeedsLive can reveal.

    More than 830 individual funding requests (IFR) for treatment not routinely available on the NHS were submitted to Leeds Clinical Commissioning Group (CCG) in 2018.

    But information obtained via a Freedom of Information request shows less than half (396) of those IFRS were approved

    To control cost NHS, reviews large or ongoing health care costs.

    1 vote
  15. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    Hmm. Understandable. The 99 percent club thinks that Congress only represents the 1%, and especially the top 10 percent. Since the top 6 percent pays 56 percent of the bill while the next 28% pay...

    Hmm. Understandable.

    The 99 percent club thinks that Congress only represents the 1%, and especially the top 10 percent.

    Since the top 6 percent pays 56 percent of the bill while the next 28% pay 30% would making it more equal help representing the country fairly?

    If nothing changes but the bottom 60 percent pays for the major initiatives they/the people of today want that would make it more balanced.

  16. Comment on Would you pay higher taxes for better government services? in ~talk

    semideclared Link Parent
    No just federal. States are all over the place. But as we complain about low teacher pay we should look at taxes those cities and states are collecting. The south collects I think 20 percent less...

    No just federal.

    • States are all over the place. But as we complain about low teacher pay we should look at taxes those cities and states are collecting. The south collects I think 20 percent less in taxes at the state level then northern/western states. And they pay 20 percent less to teachers

    For the UK https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2017-to-2018

    Tax thresholds, rates and codes

    The amount of Income Tax you deduct from your employees depends on their tax code and how much of their taxable income is above their Personal Allowance.

    Employee personal allowance
    £11,500 per year

    UK Basic tax rate 20% on annual earnings above the PAYE tax threshold and up to £33,500
    UK Higher tax rate 40% on annual earnings from £33,501 to £150,000
    UK Additional tax rate 45% on annual earnings above £150,000

    For us taxes https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-returns-publication-1304-complete-report

    Table 1.x

    I think it was table 1.3

    2016 income filed in 2017

    Yea we are no where near UK levels but I think a 10 year plan... Or any long term plan could get us there

    1 vote
  17. In the US the tax rate on the bottom 78% of earners taxes was less than 7% England has a tax rate for the same income of 11.5% The top 6% (Avg Adjusted Gross income 514,000) paid $840 Billion of...

    In the US the tax rate on the bottom 78% of earners taxes was less than 7%

    England has a tax rate for the same income of 11.5%

    The top 6% (Avg Adjusted Gross income 514,000) paid $840 Billion of the income taxes

    The Bottom 49.1% (Earning less than 45k AGI) paid $97 Billion of taxes, but 27.4 Million Households filled for $66.7 Billion in EIC tax credits

    If the taxes on the bottom 78 percent were increased 6% to a level similar to England the USA could have universal health care

    The US Spends 3.4 Trillion on Healthcare.

    Just 5% of Americans Account for 50% of U.S. Health Care Spending. So taking away the top 5% means the US spends about 5,500 per person. More than UK, but with a long term approach we can tackle that.

    1. Saying no to covering all issues. See above. Total cost down to 1.8T

    2. Accepting a tax increase

    • Doubling the Medicare withholding will provide 500B
    • Down to 1.3T
    1. Reallocate state spending In 2015, state governments across the country spent a combined $605 billion on health care
    • Down to 700 Billion
    1. Increase taxes 6% across the board, like those of countries that provide healthcare. 600B in Funding
    • Down to 100 Billion
    1. 1/3 of expenses in 2017 was payable for hospital room rentals and 21% was to doctor's office billable hours
    • Increase utilization to make hospitals & Doctors more efficient so cost can be cut
    • 1% reduction in billable hours and room rates Down 100B
    • Adjust pricing based on cost savings
    • Repeat

    If the US had higher taxes for gas we could have a better Infastructure. Using rough math we in 2017 underfunded the highway dept about $21.5 billion

    • 40 Cents per Gallon vs 18.4 cents currently
    • 33 Cents vs 17.5 cents for Highway maintenance at fully funded for at least the next 5 years
      * 1 Cent vs 0.9 cents Gas Safety and storage. Round it up to a full penny better saftey funds for better clean up
      * 4 cents a new Green energy tax for Green projects
    • 2 Cent New Metro Projects tax

    $5.5 Billion annual funding for projects, plus using funding not going to covering the underfunded highway dept means who doesn't want to announce a 10 year $250 Billion Green Deal Project. Get States to match it 40/60 and its a $600 Billion Project

    $96 a person more and With this Major Cities can tackle major projects and Rural cities can apply for the Metro Funding. $1.5 Billion each state gets on average can be applied however but that's encouraging moving to a Green plan.

    The U.S. combined gas tax rate (State + Federal) is According to data from the OECD, is the second lowest (Mexico is the only country without a gas tax).

    The average gas tax rate among the 34 advanced economies is $2.62 per gallon. In fact, the U.S.’s gas tax a rate less than half of that of the next highest country, Canada, which has a rate of $1.25 per gallon.

    We want to have the European advanced economy of our peers but we arent wanting to pay for it

    26 votes
  18. Comment on Amazon Pulls Out of Planned New York City Campus in ~tech

    semideclared Link Parent
    Since cities and states are continuing to not increase taxes the only way to increase the tax base is new residents Gonna use Indiana Because it does taxes at the state level and is fairly middle...

    Since cities and states are continuing to not increase taxes the only way to increase the tax base is new residents

    Gonna use Indiana Because it does taxes at the state level and is fairly middle of the road in rates. They also have an income tax but I cant find anywhere that it has ever increased.

    Indiana Sales Tax Rate History

    Effective Date

    April 1, 2008 thru present 7%
    Dec. 1, 2002 6%
    Jan. 1, 1983 5%
    May 1, 1973 4%
    Oct. 24, 1963 2%

    During its hey day of growth Walmart was getting $2-3 million in state and local tax incentives per store.

    It literally is why your city's Walmart is located where it is. The difference being what section of town was developed, or whether it was in the city or the county tax base.

    2 votes
  19. Comment on Amazon Pulls Out of Planned New York City Campus in ~tech

    semideclared Link
    Since cities and states are continuing to not increase taxes the only way to increase the tax base is new residents Gonna use Indiana Because it does taxes at the state level and is fairly middle...

    Since cities and states are continuing to not increase taxes the only way to increase the tax base is new residents

    Gonna use Indiana Because it does taxes at the state level and is fairly middle of the road in rates. They also have an income tax but I cant find anywhere that it has ever increased.

    Indiana Sales Tax Rate History

    Effective Date

    April 1, 2008 thru present 7%
    Dec. 1, 2002 6%
    Jan. 1, 1983 5%
    May 1, 1973 4%
    Oct. 24, 1963 2%

    During its hey day of growth Walmart was getting $2-3 million in state and local tax incentives per store.

    It literally is why your city's Walmart is located where it is. The difference being what section of town was developed, or whether it was in the city or the county tax base.

  20. Comment on How Rich Am I? in ~talk

    semideclared Link
    A cool way to think about this would be the fish in a pond Example 1 is your country is the size of the pond and your income is the size of fish Or what it the world was one giant pond how big of...

    A cool way to think about this would be the fish in a pond

    Example 1 is your country is the size of the pond and your income is the size of fish

    Or what it the world was one giant pond how big of a fish are you

    3 votes