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Subject: How can reduce the gap between the rich and poor?
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jiefang
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How can reduce the gap between the rich and poor?
Recently a poll report shows that the gap actually is more than publicly previous.
The gap is rise all the time.
And the rate is more and more big result in more and more distance far
How can contorl it?
2009-10-29 11:43 PM
#1
xilaren
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QUOTE:
Originally posted by
jiefang
at 2009-10-29 23:43
Recently a poll report shows that the gap actually is more than publicly previous.
The gap is rise all the time.
And the rate is more and more big result in more and more distance far
How ...
The rich will always be getting richer because they get supported by strong powers all over the world.
Power unfortunately supports power.
2009-10-30 04:19 AM
#2
greendragon
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We need to make Sichuan wealthier!
....and create more domestic demand through city centre service development!
Green DRagon
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2009-10-30 12:01 PM
#3
manoj10
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QUOTE:
Originally posted by
jiefang
at 2009-10-29 23:43
Recently a poll report shows that the gap actually is more than publicly previous.
The gap is rise all the time.
And the rate is more and more big result in more and more distance far
How ...
The solution to this century old problem is yet to be found
2009-10-30 12:03 PM
#4
Exergy
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inheritance tax
there is no point to dynastic wealth, limit the amount of money that can be past on to the younger generation
in the US a gift of more than 10,000 dollars is taxed, even from father to son although when a child is younger he may be considered a dependent and receive more money to support his living.
Then when a parent dies any money beyond the first 3,000,000 is taxed
for most people this amounts to very little or nothing as most individuals do not have $3,000,000 in assets when they die. For the supper rich, someone with say a billion dollars, about half of the money goes to their legacies and half goes to the government to be distributed to the poor.
The numbers are not that important, what is important is breaking up dynastic wealth. If your great grandfatherwas a billionaire you should not automatically be a billionaire. The rich have enough ways to ensure their prodigy grow up with all the tools to succeed, but they must actually work.
2009-10-30 12:20 PM
#5
satsu_jin
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QUOTE:
Originally posted by
greendragon
at 2009-10-30 13:01
We need to make Sichuan wealthier!
Why only Sichuan? Sichuan is doing relatively well. There are other provinces that need more support, Guizhou for instance.
2009-10-30 01:19 PM
#6
satsu_jin
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QUOTE:
Originally posted by
Exergy
at 2009-10-30 13:20
........ and half goes to the government to be distributed to the poor.
Is this constitutionally guaranteed? No misuse or different use of these funds? Is all wealth taxed equally? Real estate, shares, cash etc. or are there differences?
I'm a bit curious because afaik governments use tax, inheritance - included, for all different purposes without limiting themselves to just one cause.
2009-10-30 01:23 PM
#7
greendragon
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Reply #6 satsu_jin's post
so that Sichuan will give Guizhou sub contracts!
ha ha ha
Green DRagon
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2009-10-30 02:09 PM
#8
satsu_jin
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QUOTE:
Originally posted by
greendragon
at 2009-10-30 15:09
so that Sichuan will give Guizhou sub contracts!
2009-10-30 02:11 PM
#9
greendragon
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and it makes land and labour expensive in Sichuan....
....thus forcing Sichuan entrepreuneurs to work with Guizhou, Gansu, Hunan entrepreuners to remain competitive!
ha ha ha
Green DRagon
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2009-10-30 02:11 PM
#10
greendragon
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and it makes land and labour expensive in Sichuan....
....thus forcing Sichuan entrepreuneurs to work with Guizhou, Gansu, Hunan entrepreuners to remain competitive! Creating competitive advantage and markets to Guizhou, Gansu and Hunan so weaken with isolated from mainstream logistics!
ha ha ha
Green DRagon
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2009-10-30 02:12 PM
#11
Exergy
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QUOTE:
Originally posted by
satsu_jin
at 2009-10-30 13:23
........ and half goes to the government to be distributed to the poor.
Is this constitutionally guaranteed? No misuse or different use of these funds? Is all wealth taxed equally? Re ...
its not guaranteed in the US. The money just goes into the public coffers which reduces the taxes needed on the entire population.
It is equal though, at ones death all assets are valued and then that is the total amount of the estate. A million dollar house is the same as a million dollars and the same as a million dollars worth of Exxon mobile stock.
2009-10-30 02:15 PM
#12
greendragon
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Reply #12 Exergy's post
Ja! That's a good idea!
Herr Doctor Exergy! Economic colonialism creation!
Green DRagon
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2009-10-30 02:21 PM
#13
satsu_jin
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QUOTE:
Originally posted by
Exergy
at 2009-10-30 15:15
A million dollar house is the same as a million dollars and the same as a million dollars worth of Exxon mobile stock.
Huh, real estate is taxed the same as other pocessions. A bit unfair, isn't it.
Question: How is real estate value determined and who does it? There are many variations of assessment and consequently differing values, aren't there?
2009-10-30 02:36 PM
#14
Exergy
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QUOTE:
Originally posted by
satsu_jin
at 2009-10-30 14:36
A million dollar house is the same as a million dollars and the same as a million dollars worth of Exxon mobile stock.
Huh, real estate is taxed the same as other pocessions. A b ...
you have to get an appraisal at the time the estate is being handled.
"real estate appraisal is generally performed by a licensed or certified appraiser"
its possible to get a slightly lower or higher estimate. The estate has to be taken care of by a lawyer or at least signed off by one. They usually work on a commission, a fraction of a percent of the total estate. so it is in their best interest to get a high figure.
I have never inherited a house, but I got a car from my grandfather when he died. He was going to give it to me if he had lived to see my birthday but he did not. As one of his friends remembered that it was his intention to give it to me, and as none of the other members of the family fought my claim I got the car. I had to then pay a different tax on the car as in my state all cars are subject to sales tax of 5% even old cars and evencars you own that you are brining into the state. So I had to know the value of the car so I could pay the appropriate tax. I took it to a licensed appraiser and he looked up what the range on my car was in terms of value. A 1985 oldsmobile delta 88 royal with a 307 engine was worth $1,100 with rust or $1,600 without rust in 1999. Thecar was in relatively good condition, as my grandfather had not driven it very much. It has a very small amount of rust so it was up to the appraiser to determine where in between $1,100 and $1,600 it fell. As he understood my position and was paid on a flat fee he said it was $1,200. Maybe I made out well, but the tax difference was only a few dollars so its likely not meaningful. I probably couldnt have sold the car for much more than that without investing money into it.
2009-10-30 03:14 PM
#15
satsu_jin
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QUOTE:
Originally posted by
Exergy
at 2009-10-30 16:14
you have to get an appraisal at the time the estate is being handled.
"real estate appraisal is generally performed by a licensed or certified appraiser"
its possible to get a ...
OK, understood. Tkx for explanation.
2009-10-30 03:36 PM
#16
constance6891
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Government can't do much to take more of rich people's money (legally like through tax etc) and gave it to the poor. The rich will migrate and affect the overall performance of the country.
It's just difficult and unfortunate.
2009-10-30 09:06 PM
#17
constance6891
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QUOTE:
Originally posted by
jiefang
at 2009-10-29 23:43
Recently a poll report shows that the gap actually is more than publicly previous.
The gap is rise all the time.
And the rate is more and more big result in more and more distance far
How ...
You seem to be very concerned on this topic.
2009-10-30 09:09 PM
#18
jiefang
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QUOTE:
Originally posted by
xilaren
at 2009-10-30 04:19
The rich will always be getting richer because they get supported by strong powers all over the world.
Power unfortunately supports power.
The power from governments?
Governments like the rich mostly
2009-10-30 11:10 PM
#19
manoj10
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QUOTE:
Originally posted by
jiefang
at 2009-10-30 23:10
Governments like the rich mostly
Well said
2009-10-30 11:22 PM
#20
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