bripat9643
Diamond Member
- Apr 1, 2011
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Serfdom was ended by the enclosure movement starting in the 17th century. So was Feudalism, which is the system that existed at the time of Henry VIII. By the 18th Century. Almost all land in Britain was privately owned. The common people either worked on their own farms, worked for someone else's private farm or worked in factories in the city. Feudal lords weren't able to confiscate their income.Under the Monarchy we paid 5% of our income in taxes. Under democracy we pay 50%. Taxation with representation is far worse than taxation without representation.Um, I didn't use the term "Economic Equilibrium".Yep. The screamingly obvious point of equilibrium here is effective and efficient regulation. But the libertarians controlling the GOP and the left wingers controlling the Dems have other ideas.
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Mac, you need to learn what terms mean before tossing them about.
{
What is 'Economic Equilibrium '
Economic equilibrium is a condition or state in which economic forces are balanced. In effect, economic variables remain unchanged from their equilibrium values in the absence of external influences.
Economic equilibrium may also be defined as the point at which supply equals demand for a product, with the equilibrium price existing where the hypothetical supply and demand curves intersect.}
Economic Equilibrium
Just because you hear a term doesn't mean you should use it with no understanding of it's meaning.
Maybe read my post one more time.
Then you can try again.
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Pathetic Mac.
Equilibrium is an economic term and concept, which you deployed in a discussion on economics.
Weaseling out of your obvious faux paus is unbecoming.
Under the Monarchy the serfs paid 100% of their income in taxes. They were the property of the land holders who were agents of the state. The Nobility under Henrey the VIII paid a rate of 75% of ll acquired estates to the king. Often the crown would confiscate the lands of an out of favor noble and grant them to a more favored noble. The new steward was then to remit 75% of the land back to the crown. In this way the crown stole land en masse, but maintained an aire of legality.
The bottom line is that colonial Americans only paid about 5% of their income in taxes to the crown, and they went to war over that.