dukeanthony
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Expound on thatDo some research and find out how "compassionate" the Clintoon administration was to marijuana users.
I cannot find anything
Expound on thatDo some research and find out how "compassionate" the Clintoon administration was to marijuana users.
90% is too high IMO. We've successfully taxed them 60-70% in the past and not ran a deficit. The economy was more stable than it is now. No one left the country. We should do that.If you tax the wealthy at say 90% and closed all the loopholes, you can be sure that all the wealthy people will leave the USA for some other place with less restrictive taxation. Look at New York, they increased the taxes and 30% of the rich left the state. This caused tax revenues to be even lower, the exact opposite effect as intended. While this may not be the case everywhere, in most places people are tightening their belts because they see what is happening.
I 100% agree. Of course that only extends to contemporary history 1980-now. Before then that's exactly what we did pretty much every time. It's only since the 1980's that we've stopped doing this.The problem with the plan of borrowing in bad times and paying back during the good times is that it just never happens, we never pay off jack shit in the good times, we just keep spending.
And the problem with Austrian economics is that in reality there isn't a case of it successfully ending a recession. That's why it's remained theoretical for so long. Any attempt at it has resulted in further economic hardships.That is the core problem with Keynesian thought, that there is no limit to how far you can keep rolling over the debt into an ever larger genie in a bottle. Eventually that principal amount will have so much interest due that 100% taxation won't even cover the minimum payment.
Which is fine by me. I'd have no problem with raising the tax rate to 90% as long as that came with tax incentives to hire Americans. Taxing income at 90% for people who just want to hold on to their money, and if that money is used to employ Americans, lower the tax rate down to 60%.OF course there WERE some loopholes - but those are the loopholes that kept factories open and continued to favor employment.
That's a matter of perspective. The top 10% are benefiting significantly more off of the American economy than the bottom 50%. The bottom 50% for the most part are providing the labor needed to make the top 1% wealthy. And they are enjoying a higher level of wealth than they ever have right now while the top 50% are barely scraping by and statistically half of what the wealth they do have is actually just debt.Its the bottom 50% who take, the top 10% pay almost 100 billion times more taxes than the bottom 50%, not only are they paying their fair share, they are paying the bottom half's fair share too. I suppose you won't be happy until the rich pay all the taxes and the middle class, the working class and the poor pay nothing.
And when unemployment spikes we get less tax revenue, which results in more debt. So what's the point of spending cuts?The Obama Administration has been decreasing spending, not like you can just drop everything at once the government employs alot of people. If we cut off all that money, hello unemployment spike. we would all be fucked
I think that is the IdeaAnd when unemployment spikes we get less tax revenue, which results in more debt. So what's the point of spending cuts?
I'm perfectly fine with congress taking a hard look at the budget and cutting government waste. That's a good thing IMO. But that's not what they are proposing. What they are proposing is cutting services and jobs which would further damage the economy.
It is about government spending. Nothing more nothing less. Don't spend more than you take in then you have no deficit. duhhhhhhhhhhh90% is too high IMO. We've successfully taxed them 60-70% in the past and not ran a deficit. The economy was more stable than it is now. No one left the country. We should do that.
no shit sherlock. The only reason I have a car is because I make money off of the American economy.Also keep in mind most of these wealthy people are only wealthy because of the profits they make off the American economy.
Last I looked the rich are the job creators. Yea make the ones with money move so they can't spend it here.Other countries have different rules and generally higher taxes, so they probably wouldn't just be able to pick up and move to another country and enjoy the same income. And if that's all they are about, making as much money as possible and not giving anything back, fine. Let them go.
I call bullshit. Prove it.Despite our failures to pay down debt in good economies in the recent years, that really is the only way to do it. Austerity during a bad economy has only resulted in greater economic turn downs and lowered tax revenues.
bullshot prove it.That's why it isn't even attempted any more. If we cut spending right now it would jack up the unemployment rate resulting in less tax revenues.
It's called living within your means. Saving money and staying out of debt is a good thing sherlock.What's the point of cutting spending then? If you're doing it to balance the budget, that's simply unrealistic.
LMAO How dumb are you?And the problem with Austrian economics is that in reality there isn't a case of it successfully ending a recession. That's why it's remained theoretical for so long. Any attempt at it has resulted in further economic hardships.
Of course it is. The republican's have been doing everything they can to stall economic growth. That's the only reason they are pushing for cuts.I think that is the Idea
Cant have a recovering economy until the Republicans can take credit for it
You shouldn't say "duhhhhhhhhhhh" immediately after you say something exceedingly stupid. People might think you're retarded.It is about government spending. Nothing more nothing less. Don't spend more than you take in then you have no deficit. duhhhhhhhhhhh
Ok. Lets say the Steve Forbes get tired of American taxes and moves to Cambodia. So he starts printing his magazine in Cambodia. Now instead of a market of 200 million potential customers he's got a potential market of about 200 people. Unless he can charge a million dollars per magazine, he just cut himself off from any significant future earning potential.Last I looked the rich are the job creators. Yea make the ones with money move so they can't spend it here.
btw the top 5 percent pay over half of the income taxes.
Ok. No problem. The proof that austerity during a recession is a failed tactic is the recession of 1937 where spending cuts caused a double dip recession. It has never been attempted since by any president liberal or conservative. Even Reagan didn't dare to cut spending during a recession. In fact he did quite the opposite, he spent money raising the deficit in order to stabilize the economy. He did so because that is the correct thing to do. Guess what, it worked.I call bullshit. Prove it.
In order to do that we'd have to disband the military, and end social security throwing millions of seniors on the streets and sending our entire military to the unemployment lines. That would definitely without a doubt send us into a depression where tax revenues evaporate because no one is working to pay taxes. And that lack of revenue would result in guess what? That's right more debt. So basically by doing that you'd have completely collapsed the entire economy and still didn't solve the problem. GJ genius.It's called living within your means. Saving money and staying out of debt is a good thing sherlock.
I never said it hasn't been attempted. I said it hasn't been attempted successfully. Please don't blame me for your lack of reading comprehension skills.First you say it's theoretical for a long time when Austrian economics got its start in the late 1800's. Then you say, incorrectly, it has resulted in further economic hardships. It either has or hasn't been attempted which is it?
The truth and facts. And I'll put them up against your bullshit talking points any day of the week.What else are you going to pull out of your ass?
as opposed to knowing you areYou shouldn't say "duhhhhhhhhhhh" immediately after you say something exceedingly stupid. People might think you're retarded.
revenue is finite, spending is notYou say it's all about spending and nothing less. Then you immediately say you don't spend more than you take in. Well you just listed 2 variables, spending, and taking in (tax revenue). By doing so you just proved your self wrong when you claimed that the only variable was spending.
What does this have to do with forcing the rich to move on? Are you saying America is the only place his company can make money or are you saying cambodia is like the rest of the world except for the USA? Nice try douchebag.Ok. Lets say the Steve Forbes get tired of American taxes and moves to Cambodia. So he starts printing his magazine in Cambodia. Now instead of a market of 200 million potential customers he's got a potential market of about 200 people. Unless he can charge a million dollars per magazine, he just cut himself off from any significant future earning potential.
I've never been hired by a poor person. To say otherwise is ignorant bullshitAnd no, you're wrong about rich people creating jobs. That's ignorant bullshit.
Of course they are the reason. Who do you think creates those jobs? Not the mom and pop stores.Consumers create jobs by purchasing goods and services. The wealthy in most cases simply profit from others hard work. They may sign the paychecks, but they aren't the reason those jobs exist. The jobs exist because people demand goods/services and are willing to pay for them.
No there wouldn't. who would hire them? No one has any money to do so. Competition would be less and therefore prices would go up people purchase less at higher prices. Econ 101If you take that demand out of the equation, there would be no jobs. If you take the wealthy people out of the equation, there would still be demand for products so there would still be jobs.
The only people who think otherwise are douchebags like you that live in a fantasy world. You're just jealous of the rich. Who do you think comes up with the money and the jobs when the rich buy their toys?Those wealthy people are not required at all. The only people who think the reason we have jobs are idiots who let republican talking points tell them what to think.
1936 16.8 billion http://www.usgovernmentspending.com/total_spending_1936USbnOk. No problem. The proof that austerity during a recession is a failed tactic is the recession of 1937 where spending cuts caused a double dip recession. It has never been attempted since by any president liberal or conservative. Even Reagan didn't dare to cut spending during a recession. In fact he did quite the opposite, he spent money raising the deficit in order to stabilize the economy. He did so because that is the correct thing to do. Guess what, it worked.
Because you say so? LMAO You're an economic buffoon who makes things up and expects others to buy into it. No proof whatsoever. I want to see proof and not like that horrible attempt when you incorrectly explained the double dip. All you said was austerity. LOL idiot.In order to do that we'd have to disband the military, and end social security throwing millions of seniors on the streets and sending our entire military to the unemployment lines. That would definitely without a doubt send us into a depression where tax revenues evaporate because no one is working to pay taxes. And that lack of revenue would result in guess what? That's right more debt. So basically by doing that you'd have completely collapsed the entire economy and still didn't solve the problem. GJ genius.
You're to stupid to read a simple chart. tell me again how government spending was cut in 1937?Likely 100 IQ points less dumb than you. That I'm sure of.
No you didn't. You said two things in a few sentences. On top of that I proved you wrong.I never said it hasn't been attempted. I said it hasn't been attempted successfully. Please don't blame me for your lack of reading comprehension skills.
How often can one douchebag like you be incorrect in one post. You open your yap, do no research and look foolish yet again.And yes, Austrian economics has been around for a long time. And yet it's only successes are theoretical. It's not even used in Austria. That should tell you everything you need to know about it. It's been around for hundreds of years and we are still waiting for it to be successfully implemented.
You haven't presented any? Govt spending go down in 1937?The truth and facts. And I'll put them up against your bullshit talking points any day of the week.
You are not Going to win against the Right wing PessimistsThe truth and facts. And I'll put them up against your bullshit talking points any day of the week.
So there is a demand right now for fighter airplanes, go build me one. You can't? Why not? There is demand, anyone according to you should be able to build and manufacture whatever they wish, and with no money to do it with. Airplane factories only cost a mere penny and banks will loan anyone any amount of money needed too. Dream world crashing yet?And no, you're wrong about rich people creating jobs. That's ignorant bullshit. Consumers create jobs by purchasing goods and services. The wealthy in most cases simply profit from others hard work. They may sign the paychecks, but they aren't the reason those jobs exist. The jobs exist because people demand goods/services and are willing to pay for them.
Paying the military is way way way more expensive than paying them unemployment. You would save $1 trillion a year alone, even if you kept all those soldiers on unemployment for the next 5 years. How many seniors derive every penny of their income from SS? I know plenty of seniors who use their SS checks to go gamble with since they retired with money in the bank. SS is not a pension. Millions thrown out on the street eh?In order to do that we'd have to disband the military, and end social security throwing millions of seniors on the streets and sending our entire military to the unemployment lines. That would definitely without a doubt send us into a depression where tax revenues evaporate because no one is working to pay taxes. And that lack of revenue would result in guess what? That's right more debt. So basically by doing that you'd have completely collapsed the entire economy and still didn't solve the problem. GJ genius.
E-5s and Below with a wife and 2 kids are elgible for food stamps and thats with Military payPaying the military is way way way more expensive than paying them unemployment. You would save $1 trillion a year alone, even if you kept all those soldiers on unemployment for the next 5 years. How many seniors derive every penny of their income from SS? I know plenty of seniors who use their SS checks to go gamble with since they retired with money in the bank. SS is not a pension. Millions thrown out on the street eh?
The wealthy don't build fighters, working class people do. And BTW, they do it with government contracts, so yes, if I could get a government contract I could build them. But only the wealthy have that direct access to our government.So there is a demand right now for fighter airplanes, go build me one. You can't? Why not? There is demand, anyone according to you should be able to build and manufacture whatever they wish, and with no money to do it with. Airplane factories only cost a mere penny and banks will loan anyone any amount of money needed too. Dream world crashing yet?
That's just an anecdote. The statistic is that 20% of seniors live below the poverty line. Pretty much all of them would be living out on the streets if you end social security which btw, they paid into their whole lives.Paying the military is way way way more expensive than paying them unemployment. You would save $1 trillion a year alone, even if you kept all those soldiers on unemployment for the next 5 years. How many seniors derive every penny of their income from SS? I know plenty of seniors who use their SS checks to go gamble with since they retired with money in the bank. SS is not a pension. Millions thrown out on the street eh?
The point there being no one has ever balanced a budget in this country during a recession. You'd have to cut so many government services to do so that it would instantly turn the United States into a 3rd world country. That's a pretty big price to pay just to balance the budget, it's not worth it.Look if the government just straight up took 90% of everyones money from now until forever, we would still be in debt from now until forever, its just perpetual debt and thats the fundamental problem.
Actually no. You just happen to be one of the most ignorant people to ever walk the face of the earth. You're calling me stupid for citing a widely known truth. That's on you, not me. It's really not my fault you get your history from fox news.You're to stupid to read a simple chart. tell me again how government spending was cut in 1937?
By the spring of 1937, production, profits, and wages had regained their 1929 levels. Unemployment remained high, but it was considerably lower than the 25% rate seen in 1933. In June 1937, some of Roosevelt's advisors urged spending cuts to balance the budget. WPA rolls were drastically cut and PWA projects were slowed to a standstill.[1] The American economy took a sharp downturn in mid-1937, lasting for 13 months through most of 1938. Industrial production declined almost 30 per cent and production of durable goods fell even faster.
Unemployment jumped from 14.3% in 1937 to 19.0% in 1938.[2] Manufacturing output fell by 37% from the 1937 peak and was back to 1934 levels.[3] Producers reduced their expenditures on durable goods, and inventories declined, but personal income was only 15% lower than it had been at the peak in 1937. In most sectors, hourly earnings continued to rise throughout the recession, which partly compensated for the reduction in the number of hours worked. As unemployment rose, consumers' expenditures declined, leading to further cutbacks in production.
Government doesn't give contracts to people with no ablility to produce a product, Without already having the production facility in place you will NEVER get a contract. Poor/working class people do not own factories. You NEED a rich person who has the capitol to be successful in manufacturing.The wealthy don't build fighters, working class people do. And BTW, they do it with government contracts, so yes, if I could get a government contract I could build them. But only the wealthy have that direct access to our government.
Stupid people rely on government run programs to make ends meet. Smart seniors saved and invested, they don't need SS.That's just an anecdote. The statistic is that 20% of seniors live below the poverty line. Pretty much all of them would be living out on the streets if you end social security which btw, they paid into their whole lives.