BajaNomad - new 500 peso bill due out today

new 500 peso bill due out today

willardguy - 8-27-2018 at 02:13 PM

Diego and Frida?

https://mexiconewsdaily.com/news/new-500-peso-bill-coming-mo...

John Harper - 8-27-2018 at 03:40 PM

I sure hope they keep them, love those Diego and Frida notes.

John

thebajarunner - 8-27-2018 at 03:47 PM

Time to knock off a couple zeros and start over.

Oooops, been there, done that
Didn't work out so well.

They can be happy that the Bernie Sanders style of economics in Venezuela is not yet adapted in Mexico
1 million percent inflation and rising,
Ol' Bern sure has it right when it comes to economics

willardguy - 8-27-2018 at 04:17 PM

we've had Frida for 8 years.......time to give Salma a shot ( . Y . )

SFandH - 8-27-2018 at 04:25 PM

Oh yes......Salma!!!

But, no.

https://scontent.ftij3-1.fna.fbcdn.net/v/t1.0-9/39883499_117...

[Edited on 8-28-2018 by SFandH]

bajadogs - 8-27-2018 at 04:32 PM

I had no idea Bernie Sanders controlled the economy of Venezuela. Look, I agree what happened in Venezuela is awful. I've been there. If you are trying to diss socialism you should include this short list -

Denmark
Finland
Netherlands
Canada
Sweden
Norway
Ireland
New Zealand
Belgium

OH!!! and Mexico which has FREE UNIVERSAL health care. Love it or leave it.

Quote: Originally posted by thebajarunner

Time to knock off a couple zeros and start over.

Oooops, been there, done that
Didn't work out so well.

They can be happy that the Bernie Sanders style of economics in Venezuela is not yet adapted in Mexico
1 million percent inflation and rising,
Ol' Bern sure has it right when it comes to economics

SFandH - 8-27-2018 at 04:37 PM

Venezuela's problems are due to extreme corruption and complete ineptness. No socio economic system can survive that.

I think I will leave it, thank you

thebajarunner - 8-27-2018 at 04:46 PM

Nothing on this list appeals to me.
Even the provincial prime minister in Canada came to Florida for his heart surgery
My younger sis was in Denmark, US State Dept posting, using local health care
Discovered a cyst and the local wonderful Danish system had her scheduled literally months out for biopsy, results and surgery if needed.
Hopped on a plane and had full workup at Bethesda Naval Hosp the next day, took the train to NYC and my older sis' doc gave her another workup that day. Back in Copenhagen for the weekend.
You want that? Take it..... I still think our system works better than the one the liberals would hand us.

Quote: Originally posted by bajadogs

I had no idea Bernie Sanders controlled the economy of Venezuela. Look, I agree what happened in Venezuela is awful. I've been there. If you are trying to diss socialism you should include this short list -

Denmark
Finland
Netherlands
Canada
Sweden
Norway
Ireland
New Zealand
Belgium

OH!!! and Mexico which has FREE UNIVERSAL health care. Love it or leave it.

DaliDali - 8-27-2018 at 05:00 PM

Quote: Originally posted by bajadogs

OH!!! and Mexico which has FREE UNIVERSAL health care. Love it or leave it.

[/rquote]

Whoa now.....must not have trickled up to Baja Sur yet.

Locals here are on their own and have been, since I first landed here in 2002.

[Edited on 8-28-2018 by DaliDali]

SFandH - 8-27-2018 at 05:09 PM

Quote: Originally posted by DaliDali

Quote: Originally posted by bajadogs

OH!!! and Mexico which has FREE UNIVERSAL health care. Love it or leave it.

[/rquote]

Whoa now.....must not have trickled up to Baja Sur yet.

Locals here are on their own and have been, since I first landed here in 2002.

[Edited on 8-28-2018 by DaliDali]

"In 2009, Mexico instituted universal healthcare."

"Public care is fully or partially subsidized by the federal government, depending upon the person's (Spanish: derechohabiente) employment status. "

https://en.wikipedia.org/wiki/Healthcare_in_Mexico

DaliDali - 8-27-2018 at 05:11 PM

Quote: Originally posted by SFandH

Quote: Originally posted by DaliDali

Quote: Originally posted by bajadogs

OH!!! and Mexico which has FREE UNIVERSAL health care. Love it or leave it.

[/rquote]

Whoa now.....must not have trickled up to Baja Sur yet.

Locals here are on their own and have been, since I first landed here in 2002.

[Edited on 8-28-2018 by DaliDali]

Like I said.....has NOT trickled up to Loreto Baja Sur yet.

And...."based on employment" sounds eerily familiar with the US system....the poor get government paid healthcare and the ones with an income and a job pay....either via a job plan, private plan or some other government program.

[Edited on 8-28-2018 by DaliDali]

[Edited on 8-28-2018 by DaliDali]

SFandH - 8-27-2018 at 05:29 PM

A person with no money or job in Loreto can get health care.

You said "Locals here are on their own and have been, since I first landed here in 2002."

Not true.

DaliDali - 8-27-2018 at 05:43 PM

Quote: Originally posted by SFandH

A person with no money or job in Loreto can get health care.

You said "Locals here are on their own and have been, since I first landed here in 2002."

Not true.

Ok.....so it's NOT FREE universal health care.

Important caveats were missing......poor yes...those with a job and income no.
Pretty much the same up north agreed?

DaliDali - 8-27-2018 at 06:56 PM

[

Quote: Originally posted by bajadogs

Quote: Originally posted by thebajarunner

Regarding the Scandinavian countries tax rates to support Socialism.

However, the rates are not necessarily the most important feature of the Scandinavian income tax systems. In fact, the United States’ top marginal income tax rate is higher than Norway’s and only 18 percent lower than Sweden’s, yet raises 40 percent less income and payroll tax revenue than Norway and 50 percent less than Sweden.

Scandinavian income taxes raise a lot of revenue because they are actually rather flat. In other words, they tax most people at these high rates, not just high-income taxpayers. The top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income in Denmark. From the American perspective, this means that all income over $60,000 (1.2 times the average income of about $50,000 in the United States) would be taxed at 60 percent.

Sweden and Norway have similarly flat income tax systems. Sweden’s top marginal tax rate of 56.9 percent applies to all income over 1.5 times the average income in Sweden. Norway’s top marginal tax rate of 39 percent applies to all income over 1.6 times the average Norwegian income.

Compare this to The United States. The top marginal tax rate of 46.8 percent (state average and federal combined rates) kicks in at 8.5 times the average U.S. income (around $400,000). Comparatively, few taxpayers in the United States face the top marginal rate.

High Value-Added Taxes
In addition to the high payroll and income taxes, all Scandinavian countries collect a significant amount of revenue from Value-added taxes (VATs). Value-added taxes are equivalent to sales taxes, but levied on businesses throughout the production process. As a tax on consumption, VATs are economically efficient: they can raise significant revenue with relatively less harm to the economy. However, many (especially in the United States) see VATs as a regressive tax because they fall more on those that spend a larger share of their income, mainly the poor.

Denmark collects about 9.6 percent of GDP through the VAT, Norway collects about 7.8 percent, and Sweden collections about 9 percent of GDP. All three countries have VAT rates of 25 percent. The United States does not have a national sales tax or VAT. Instead, states levy sales taxes. The average rate across the country is about 7 percent. The much lower rate only collects about 2 percent of U.S. GDP in revenue.

Business and Capital Taxes
While Scandinavian countries raise a lot of revenue from individuals through the income tax, payroll taxes, and the Value-added tax, they don’t really raise much more revenue than the United States from capital and business taxes and don’t have much higher marginal rates on capital income. In fact, their marginal corporate income tax rates are much more competitive than the United States’ rate.

In 2012, the United States raised 2.5 percent of GDP from the corporate income tax, just below the OECD average of 2.9 percent. Denmark raised slightly more at 3 percent and Sweden raised slightly less at 2.6 percent of GDP. Norway is the exception with corporate revenue equal to 8.5 percent of GDP. Norway is situated on large reserves of oil and can charge companies a corporate income tax rate of 66 percent to extract the oil.

Marginal corporate tax rates in Scandinavian countries are around the OECD average of 25 percent and much more competitive than the United States’ rate. Denmark’s corporate income tax rate is 24.5 percent, Norway’s general corporate income tax rate is 27 percent, and Sweden has a corporate tax rate of 22 percent. The U.S. marginal tax rate on corporations is much higher at 39.1 percent (average of federal and state).

The taxation of capital income (capital gains and dividends) in Scandinavian countries is similar to the United States with the exception of Denmark. Denmark’s tax rate on dividends and capital gains is close to the highest in the OECD at 42 percent.

Norway (27 percent) and Sweden’s (30 percent) capital gains and dividends taxes are more in line with the United States. The United States’ tax rate on dividends and capital gains of 28.6 percent is slightly higher than Norway’s and slightly lower than Sweden’s.

Finally, it is worth noting that the only Scandinavian country with an estate or inheritance tax is Denmark.

A lot of the spending-side programs in Scandinavian countries cost a lot. Taxes would definitely need to be increased in the United States if it were to adopt them. If the U.S. were to raise taxes in a way that mirrors Scandinavian countries, taxes—especially on the middle-class—would increase through a new VAT and high payroll and income taxes. Business and capital taxes wouldn’t necessarily increase, in fact, the marginal corporate income tax rate would decline significantly.

It isn’t a mistake that taxes in Scandinavian countries are structured this way. In order to raise a significant amount of revenue, the tax base has to be broad. This means higher taxes on consumption through the VAT and higher taxes on middle-income taxpayers through high payroll taxes. Business taxes are a less reliable source of revenue (unless your country is situated on top of oil). Thus, Scandinavian countries do not place above-average tax burdens on capital income and focus taxation on labor and consumption.

bajadogs - 8-27-2018 at 08:03 PM

I'm glad there is a California Grey Whale represented on the new 500 Peso bill. I'm sorry I riled some of you. Not intentional. Go about your politics...

DaliDali - 8-27-2018 at 08:14 PM

Quote: Originally posted by SFandH

A person with no money or job in Loreto can get health care.

You said "Locals here are on their own and have been, since I first landed here in 2002."

Not true.

Long time Mexican lady local friend says..

.Question.......pobrocias sin dinero y sin trabajo si puedes atención médica gratuita??

Answer.....No gratis atención
Pagando pobrecito

BajaBlanca - 8-27-2018 at 08:38 PM

Seguro popular is based on income and can be FREE.

Since we live here and obviously are retired with a pension, we pay accordingly.

In San Ignacio I am astounded at how wonderful the docs are and how equipped they are medicinally.

DaliDali - 8-28-2018 at 07:31 AM

Quote: Originally posted by BajaBlanca

Seguro popular is based on income and can be FREE.

Since we live here and obviously are retired with a pension, we pay accordingly.

In San Ignacio I am astounded at how wonderful the docs are and how equipped they are medicinally.

Thank you Blanca.....
Apologies to get off track from pesos notes.

Loreto offers the Seguro Popular also.
Free for the pobrecitas and a fee for those who are not, and have some work.

The lady friend I reference above is 6 months pregnant...
And with the complicating issue of persistent high blood pressure.

She needed a sonogram (her term, not mine) as prescribed by a doctor.
I questioned her at length just this morning....we are good friends and she has worked for me for years and lives at my casa with two of her teenage daughters, when I am up north.

She tells me there are no gynecologists in Loreto and she must make the trip to Constitution for a consult and that sonogram.
In addition, and according to her, gynecologist services are not covered under the Seguro Popular program.

Her family is not what I would consider dirt poor, or even close to it ....the esposo has a full time job as a construction foreman for an outfit in Loreto Bay. But with 3 daughters and one in the oven, spare cash is tough to come by.

I was trying to get a grip on the FREE Universal Health care for the people of Mexico.

Yes, free for the poor, and that's a great thing for Mexico.

The USA offers pretty much the same. If your poor, the healthcare services are picked up by the taxpayers.
And using a sliding scale of income vs co-pays.
The higher the income......the higher the co-pay.
I think the common term is "ability to pay"

Thank you for the input of this important topic, from those of us who are on the ground here, day in and day out, year in and year out, and have a stake in the well being of our neighbors and friends.

[Edited on 8-28-2018 by DaliDali]

bajamary1952 - 8-28-2018 at 09:42 AM

I am more impressed with the 500 pesos note with WHALES. Unfortunately all celebrities regardless of nationality become over-commercialized at some point including Diego & Frieda.
It's time for Mexico to celebrate other more deserving people with less notoriety than those 2 on the bank note.
The grey whales IMO are much more deserving considering their history.
Too bad whales don't occupy both sides of new note.
https://local.mx/capital/nueva-familia-billetes/

willardguy - 8-28-2018 at 09:49 AM

im surprised to hear they're axing the 20 peso bill.......hopefully we've seen the end of those silly 20 peso coins!

SFandH - 8-28-2018 at 11:40 AM

No 20 peso bills?? That's like no one dollar bills. Oh man, that means more money for my wife when we're living in Mex. My pocket change goes into a cup, which is always empty in the morning. 8^)

grizzlyfsh95 - 8-28-2018 at 01:27 PM

Quote: Originally posted by bajadogs

I'm glad there is a California Grey Whale represented on the new 500 Peso bill. I'm sorry I riled some of you. Not intentional. Go about your politics...

It's OK Dog. Sometimes you let it slip about how much you don't know.