David Mitchell
Boy Howdie!
Yu gize are reelly gettin' it on over here. I'll have you know I've ordered three new woodworking tools and had too bowls of popcorn while all this wuz goin' on. And got the lawn mowed before all that nasty rain.
All this talk about Soshalizm. Like we ain't got a whoel eeconumy chuc full o' Soshalizm. Remember, "Incentives" is another word for a type of subsidy - which is an important element of Soshalizm.
1- We got short term fast write-offs for new factory equipment - benefitting larger corps immesurabley over a shorter amount of time than that darned eequipment actally does git used up. Why not jist let it be depreciated over it's actuall life - like 30 years instead of just 5? Cause them big corporate guyz wouldn't be able to avoid those huge tax bills that they would utterwize have to pay. And they wud not probaly get it so often - which might lower the price in a "free market" econmy (Y'all hear o' dat old sayin' - "Supply and Demand"?)
2- We got theze funny write-offs (only ones like it in all of "employee" accounting proceedures) for professional athleetes so them billioniare owners can git those huge tax breaks for their multi-billion dollar corporate endeavors. Otherwize they might have ta' pay more of their own fare share. Players aren't employees like you an' me. Theyz "assets" so those huge slaries can be "depreciated" over time as a "deduction. Golly, dont'hca think such critical skilled guys like Baker Mayfiled and Dak Prescott out'ta make hundreds (even thousands) of times more than those useless, irrelavant jobs like nurses and teachers. I mean c'mon!
3- We got those nice accellerated methods of "Depreciation" for our real estate investors. Like "Sum of The Year's Digits", and "Double Declining Balnace" and all that. Why without those forms of faster write-off "incentives" (government subsidies) they might be just tempted to buy them for more economic reasons - like in one o' them there a "free market economies" (which we keep insisting that we have - lol)
4- And we got some doozies "incentives" for that bastion of Western Civivlization - Hollywood. Why, if those movie investors couldn't use special write-offs, Julia Roberts might only make $5 million per picture, insted of $20,000,000. How d'ya 'spect George Cloony could scrape by on a mere $8 or $10 million a year- huh?
But pay a decent slary fo ra cop or fireman - huh uh - no sir!
5- And here's one you''ll all want a piece of my tail for bringing up. (And it used to piss off my real estate buddies no end). Why on earth do we subsidize mortgages in this country? Answer; So it'll encourage more folks to buy houses - of course - and that's a good thing. It' helpful for everyobdy that can qualify for, and buy a house. But after a continium of years, it artificially assists the "buy side" of the equation, and now you got houses going for many times what a true "free market" would result in otherwise. All my Real Estate buddies go nuts when I raise this argument, and then I say, "So, how happy are your kids that they now have to pay $600,000 for a little bungalo on Washington Park - the one you paid $30,000 for back in the day?
Until we "capped" that legal amount a few years ago, it was the only place in the entire 2,000 pages of the entire IRS code where the "subsidy" got bigger, the richer you were. Up to that point, it still is.) And in the case of the resident owner, Canada does not even allow such deductions. That's part of the reason their housing market didn't crash in 2008.
Go figure. (note: I only had two years of Economics so I am open to challenges)
(whole seperate topic - the currrent housing crisis for the working poor and especially single moms)
And finally, what about our entire "infrastructure" system. We build our cities and roads and "public works" with a Socialistic method of financing. Ask yourself what it would be like if we tried to build a new sewer line down "D" Street, and we had to stop and end the line at Joe's house (because he voted against the bond issue), and then had to re-start it at the next house and continue to the end. How would we build half a high school? Or two thirds of a hospital or library, or sewer system?
I'm not arguing for a completely socialistic system. I am merely pointing out that we already use a lot of Socialistic methods for financial "incentives". I get the the fact that we humans react to things - like when you say it's "free", then we have a tendency to not value it. My dad used to complanin about this all the time. If he gave his patients free advice, they would usually ingnore him. But if he charged small fees - voilla! They would place much more value on it and try to make use of it. I'm sure the same thing could be argued about college education. And probaly, all kinds of stuff.
(Whole separtate topic - why do we not emphasize technical training more in this country ??? All this emphasis on a "college education" above all else, is in my opinion, a somewhat false priority.) This country is woefully short of quality tradesmen and there is not one damn thing degrading about those jobs - except that we make it so).
P.s. And John, I wish you'd stop using those big words. Please respec da fac dat I live in South Cackaltchie, an we don talk like dat down heah'.
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