You might have more

You understand how supply and demand works, that is a fundamental many can't seem to grasp

its 2.4 world-wide, in US its apparently 1.89 and in Europe its 1.6

While much of the world has experienced declining fertility rates over the last twenty years, the total fertility rate in the United States has remained relatively stable in comparison. This is largely due to the high fertility rate among communities such as Hispanics, but it is also because the fertility rate among non-Hispanic whites in the US, after falling to about 1.6 in the 1970s and early 1980s, had increased and is now around 1.89 rather than lower to the 1.6 level common in Europe. It can also be explained by substantial immigration.

What's one's tax when they make 59k per year

in Netherlands its 52%

No no you said 60k

What's 59k

i rounded it up

...

the next bracket is like 46%

hang on let me look up the brackets here

Tax brackets are bad, we should focus on consumption tax

from 0 to 20.142 annually its 36.55%
from 20.143 to 33.994 its 40.85%
from 33.995 to 68.507 its 40.85%
anywhere above 68.507 is 51.95%

So i was slightly wrong in the values

https://www.belastingdienst.nl/wps/wcm/connect/bldcontentnl/belastingdienst/prive/inkomstenbelasting/heffingskortingen_boxen_tarieven/boxen_en_tarieven/overzicht_tarieven_en_schijven/u-hebt-in-2018-de-aow-leeftijd-nog-niet-bereikt

for sauce

its in dutch tho

Namely, I think expenditure tax is better than tax brackets

tax brackets are bad cuz the moment you're in a higher bracket just slightly you suddenly earn less money

Yeah, it can actually keep people trapped in a lower bracket, or perhaps better said, it deincentivizes moving up due to entering a new tax bracket.

yes

Even Smith recognized that the employer has a disproportionate amount of power over the employee.

So just putting it down to supply and demand is just incorrect. The employee needs the employer more then the other way around giving them the ability to deprecate the abilities of the worker

thats only in a monopoly

if the supply is low, and demand is high, you'll have companies trying to snatch the best,

And you don't get the best to stick to you by making them feel like garbage

Cuz if your competitor is getting all the best dudes, he'll earn the most profit out of the two of you

Meaning he can expand more and hire more people

driving you out of business cuz you don't have that

If theres competition, the employee life is healthy, cuz the employee can just say "well screw you ima go work for your competition"

or, depending on the market can say "Ima start for myself and do better than you and drive you out of business"

the reason employers have power now, is because for every labor level employee, they can find 100 more for lower pay

so they can just say "You work as hard as we want, or we'll just kick you out and get pablo here"

That is not only in a monopoly.
I forget the exact quote but in summation it is.
The employee and the employer need eachother but the employer can go for months without the employee well the employee can go a month without the employer making the workers need much more dire

thats only in a tight market,

If 10 companies are looking to hire, in 10 different markets,

You can just quit and join another market

Employers also have increasing power because automation

Got that first

That is a fair point Cat,

Cuz with automation, you replace the workers and thus create a massive drop in demand, and giant boost in supply

They have always had the most power even without the specific scenarios.
That was from the wealth of nations.
You know the closest thing capitalism has to a founding document.

We will need a major overhaul of how we do things with automation

well, money is power

I attribute the consolidation of money in a small group of hands to automation more than anything

im not gonna say they're on equal footing, but in a low supply, high demand market, the employee has considerable power to challenge the employer

And they do this in groups, Unions