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 range of tax avoidance schemes. I was also under the impression
that the US doesn't really have a general social safety net at all. In the
UK there certainly is one, but not for young people under 18 (the source
of much of our youth homelessness) and at a very meagre level.
David Byrne
Dept of Sociology and Social Policy
University of Durham
Elvet Riverside
New Elvet
Durham DH1 3JT
0191-374-2319
0191-0374-4743 fax
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 - for the most part?
> Isn't this why we have a social safety net and rather steeply progressive
> income taxes in order to socialize some of the profits?
>
> Ed Weick
>
>
