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

so you'll at the very least wanna stack the odds in favor of your side (the employees)

there are around 6 producers of over 90% of all offbrand foods in the US

It took coming off the safety net of the gold standard, reduced work week, and war when machines came out to makeup for the great depression

@Misomania I used to work in a grocery store, can confirm

With automation, we'll have to switch over to service jobs

Or we need to go into post scarcity economics

AI though

Which is the next logical step

overall it seems that the natural tendencies of open markets is to eliminate competition, mergers and buyouts. Add in automation and overall that will eliminate almost all food producing jobs

yeah, and unattainable for atleast the next 70-80 years