I was referring to Canada, which does have a substantial social safety net,
though the guage is getting larger so that more people can fall through.
And as far as the progressiveness of taxes goes, I owed a lot for the last
tax year, so the marginal rate seemed very high to me. Thank God it wasn'
Steeply progressive income taxes ? My understanding is that the top US
rate is 37% and in the UK it is 40% compared with 80% plus in the 60s and
70s when there was real economic growth. Moreover, the really well off
seem to be able to pay tax as an option, given the availability of an
enormous ran
>
>
>Socializing losses and privatizing profits. Interesting sort of
>asymmetrical market economy.
>
>arthur cordell
When you think about it, isn't this the way it is - for the most part?
Isn't this why we have a social safety net and rather steeply progressive
income taxes in order to sociali
Ed you may be right concerning Canada, but not in the Nether Regions.
On Wed, 6 May 1998, Ed Weick wrote:
> >
> >
> >Socializing losses and privatizing profits. Interesting sort of
> >asymmetrical market economy.
> >
> >arthur cordell
>
> When you think about it, isn't this the way it is - f
Socializing losses and privatizing profits. Interesting sort of
asymmetrical market economy.
arthur cordell
--
From: tom abeles
To: Ed Weick
Cc: [EMAIL PROTECTED]
Subject: Re: Bringing down the MAI
Date: Tuesday, May 05, 1998 7:29PM
Ed Weick wrote, in part:
>
> As you ma
d the stock market.
On Wed, 6 May 1998, Cordell, Arthur: DPP wrote:
>
>
> Socializing losses and privatizing profits. Interesting sort of
> asymmetrical market economy.
>
> arthur cordell
> --
> From: tom abeles
> To: Ed Weick
> Cc: [EMAIL PROTECTED
Tom Abeles:
>i grant your position. But here is the catch. When the melt down
>occurred in SE Asia and when the Mexican crisis occurred, the bailout
>was on the backs of those masses and not on the backs of the capitalists
>who had moved their money out or who, when their funds were trapped, got
Ed Weick wrote, in part:
>
> As you may have guessed, I am something of an elitist, and may even be
> neo-con or neo-lib, though I have not had my blood tested recently to find
> out. I do not believe in mass movements, and have a low opinion of
> democracy as currently practiced. .. Mobilizing
>Why the sour grapes to this Ed, neither of
>us truly knows whether MAI was good or bad, what we do know is that it was
>done in secret and was to be presented as a fait accompli - this is not
>democracy. If they want to negotiate a World Trade Agreement that is sorely
>needed, let them do it op
The Financial Times article which Mike Gurstein's posted on how lobbies
connected by the Internet brought the MAI down raises a number of issues.
One concerns the lobbies themselves. The question "who are these guys?" is
certainly appropriate. If the article is to be believed, economic
globaliza
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