Author Topic: Inheiritance Tax  (Read 1694 times)

Offline Sixpence

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Inheiritance Tax
« Reply #45 on: September 04, 2003, 04:05:37 PM »
Walmart cannot control supply
"My grandaddy always told me, "There are three things that'll put a good man down: Losin' a good woman, eatin' bad possum, or eatin' good possum."" - Holden McGroin

(and I still say he wasn't trying to spell possum!)

Offline GRUNHERZ

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« Reply #46 on: September 04, 2003, 04:06:58 PM »
Explian more what you are saying.

Offline Sixpence

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« Reply #47 on: September 04, 2003, 04:12:21 PM »
I'll try to make it simple, non-monopoly gives you competition and lower prices. Monopoly wipes out competition, gives you higher prices and no alternative.
"My grandaddy always told me, "There are three things that'll put a good man down: Losin' a good woman, eatin' bad possum, or eatin' good possum."" - Holden McGroin

(and I still say he wasn't trying to spell possum!)

Offline Leslie

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« Reply #48 on: September 04, 2003, 04:17:02 PM »
Quote
Originally posted by GRUNHERZ
Wiped out by government imposed taxation is one thing, forced out of busssiness by competitive inefficiency in another...  Like for example when Wal-Mart comes into a town it will often lead to smaller stores closing down beacuse they are unable to compete with Wal-Mart on a price or selection level.  Wal-Mart simply enjoys enormous economies of scale and is very demanding of its suppliers even requiring them to upgrade theitr whole businesses so they dont hurt Wal-Marts efficency.  This way Wal-Mart has such low prices. In fact no store can compete with them on price, even a giant like K-Mart could not they got clobbored.   So a small mom and pop cannot compete direcytly with Wal-Mart.  And none of this involves illegal schemese like predatory pricing either, Wal-mart is just incredibly efficient.  The benefit to consumers is lower prices and more selection.

But if that same store was forced out of bussiness by death tax there would be no benefit to the community, just a loss..  I'm assuming little of that tax revenue willl come to the community through services or budget as death tax is only 1% of tax revenues nationwide and 65% of that 1% goes to to admin duites for tax collectors.




Wal Mart is successful because it cuts out the middle man.  Salesmen.  Wal Mart, imo, unethically tries to bypass company salesmen to deal directly with wholesalers.  Some do and some don't.  The ones who don't eventually go out of business.



Les

Offline GRUNHERZ

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« Reply #49 on: September 04, 2003, 04:19:13 PM »
If youre worried about monopoly why not just say so upfront.. And dont patronize me..

Wal-Mart is not a monopoly. Neither are any of the Oil companies now.  

And frankly fear of monopoly is no blank slate reason  to stop all mergers, acquisitions, or in our case putting out of business inefficent companies.  In fact that last point  is clearly a part of competitive markets - if you cannot produce efficiently given cutrrent market conditions you will have to go out of business in the long term otherwise you will continue to incurr operating lossess.

Offline Sixpence

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« Reply #50 on: September 04, 2003, 04:21:32 PM »
I believe there are 4 big oil companies, there has been alot of mergers in big oil. They now can control supply= monopoly.

That's how you get gouged at the pump, and not at walmart.
« Last Edit: September 04, 2003, 04:24:06 PM by Sixpence »
"My grandaddy always told me, "There are three things that'll put a good man down: Losin' a good woman, eatin' bad possum, or eatin' good possum."" - Holden McGroin

(and I still say he wasn't trying to spell possum!)

Offline GRUNHERZ

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« Reply #51 on: September 04, 2003, 04:32:00 PM »
Wrong.  Monopoly = One...  :)

If there are four big ones then depending on market share of the top four then its an oligopoly.

Oddly enough rivals in an oligopoly have very little pricing power - the reasons why this is true are very complicated and I dobut you would belive me or accept why thats true.  

Anyway one of the big reasons for such a structure is due to increasing costs of operation like for example federal and state gasoline and environmental regulations that make it more expensive to produce gas so small operations cannnot generate the economies of scale to produce efficently given current conditions. Lets ignore the merits of such regualtions for now but I will add that they are soewhat similar in theit effect as are taxes, like inheritance taxes which do hurt transfer of small business assets..


Gasoline is "expensive" due to world conditions beyond anyones control, then of course due to supply/demand issues like in summer it costs more since more people will want to drive and thus there is an increae in demand, also there is some  geographic price discrimination and finally lets not forget taxes which are admittedly merrcifully low in the USA comparec to europe. But of course there is some higher price doue to the ologopilistic market structure of this business - but not in the incorrect and simplistic way you state it and not to that extent.
« Last Edit: September 04, 2003, 04:39:29 PM by GRUNHERZ »

Offline Leslie

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« Reply #52 on: September 04, 2003, 04:41:41 PM »
Damn Grunhertz, I hope your not talking to me.  The monopoly you've described is only in your mind.  Are you trying to tell me there are no decent people left in this world?   Some people go out of business, before they'll stiff their salesmen.





Les

Offline Sixpence

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« Reply #53 on: September 04, 2003, 04:43:06 PM »
All i know is what I see at the pump.

If the trend of big oil continues to be that of mergers, you will get more control of supply and prices. The proof is in the pudding. How many taxes and regulations have been implemented the last year with a republican pres? Then look at the prices. I don't think taxes and regulations had anything to do with it.

BTW http://www.biodiesel.org/  Just do it!
"My grandaddy always told me, "There are three things that'll put a good man down: Losin' a good woman, eatin' bad possum, or eatin' good possum."" - Holden McGroin

(and I still say he wasn't trying to spell possum!)

Offline GRUNHERZ

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« Reply #54 on: September 04, 2003, 04:48:24 PM »
Leslie are you saying oligopoly does not exist? :)

But no I was not responding to you.

As for the middlemen I would always seek to cut them out of the loop if possible, why pay for their services if I could accomplish the same thing myself and acheve a cost savings for my business.  They dont deserve my money, they have to earn it otherwise if they are of no use to the transaaction why increase my costs? It makes no sense..  Just think about it when you are pumping your own gas - think about the poor station attendants who are now unemployed because stations are mostly self service.

Nobody has any inherent right to your money unless they provide value in exchange for it - or steal it through laws or with guns. ;)  But I do support income taxes, even progressive ones, sigh..


And if youre a salesman then make sure you are able to provide that value somehow. :)
« Last Edit: September 04, 2003, 04:55:16 PM by GRUNHERZ »

Offline GRUNHERZ

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« Reply #55 on: September 04, 2003, 04:53:36 PM »
Sixpence the gas prices are very high due to instability in mid east.  The gas companies would love nothing more than for the mideast to calm down so crude prices would fall. They could then charge less for a gallon at the pump, this would then cause an increase in quantity demanded, and most likely lead to rise in their revenues and profits. You see they are not "all powerful" as you imagine, they have underlying operational costs too...

Offline Replicant

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« Reply #56 on: September 04, 2003, 04:56:16 PM »
You can back date a number of years of inheritence tax and if the person has died then also a number of years in advance.  i.e.  You're only allowed to receive £X of money per year.  However if haven't received anything off the person giving then you can claim for the past 'x' many years as well.  If you also give so much to charity (which is less than taxation rate) you can also keep more.  So you could get a fair bit tax free though I'm unsure of other accounting to help you even more, though like Dowding mentioned, it can be done.
NEXX

Offline Leslie

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« Reply #57 on: September 04, 2003, 05:49:59 PM »
Quote
Originally posted by GRUNHERZ
Leslie are you saying oligopoly does not exist? :)

But no I was not responding to you.

As for the middlemen I would always seek to cut them out of the loop if possible, why pay for their services if I could accomplish the same thing myself and acheve a cost savings for my business.  They dont deserve my money, they have to earn it otherwise if they are of no use to the transaaction why increase my costs? It makes no sense..  Just think about it when you are pumping your own gas - think about the poor station attendants who are now unemployed because stations are mostly self service.

Nobody has any inherent right to your money unless they provide value in exchange for it - or steal it through laws or with guns. ;)  But I do support income taxes, even progressive ones, sigh..


And if youre a salesman then make sure you are able to provide that value somehow. :)



Salesmen have always been an American tradition.  They work hard, and should be paid.  Don't you agree?






Les

Offline GRUNHERZ

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« Reply #58 on: September 04, 2003, 06:12:57 PM »
Sure but only if they provide value, they are no better or worse than any people but you just dont go giving others money if they dont provide value in goods or services to youn no?  I reread the post you wrote and it seems you thought I advocated somehow screwing salesmen after a deal was agreed to, obviously thats unethical.

However  if it's possible, on yor end and theirs, to deal with a wholesaler or even better the manufacturer directly then I would take that opportunity and enjoy the lower cost if thtats the case.  There is nothing unethical about that, in fact it is the only ethical and smart thing to do IMO for your business if there is a significant cost savings attached.

Offline Leslie

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« Reply #59 on: September 04, 2003, 06:37:59 PM »
I haven't provided any value, so I guess you don't owe me anything, Grunherz.;)





Les