PureX
Well-known member
And virtually every economist says it's not true, as well, but in propaganda land up becomes down and left becomes right and lunacy becomes reality.
toldailytopic: The national debt. How much longer can the US national debt rise in su
- Thread starter Nathon Detroit
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jwp98
New member
Does taxation change behavior in a predictable, measurable way? I spaced out during econ. Of course, a cigarette tax (addiction) is probably a poor comparison to an income tax (diminishing returns from working harder)
You are wrong.
You fail to calculate the effect of the rising price on the consumer.
Which is a more likely way to earn a million dollars? Sell a million hot dogs for one dollar each? Or, sell just one hot dog for a million dollars?
Reading this thread should be evidence enough that liberals should NEVER be in charge of running the economy.
Even the Laffer Curve, which is itself an unproven model that supply-siders seem to like, which no one has actually fit to economic data successfully, acknowledges that sometimes raising taxes does produce more tax revenue. And it's obvious that you can keep reducing taxes on anything down to zero, and tax revenue can't just keep going up the whole way there.
(Note, this is a parody, but it's not that far off)
I'm not sure. How much does each hot dog cost you?
As long as we have the type of president and congress that we now have, it will keep going till we are completely insolvent.
Sadly, I am getting old and starting to embrace the fact that there isn't thing one I can do to change these things.
I don't have a lot of confidence that Republicans winning in 2012 would change that.
Barbarian regarding tax policy:
Depends on what the economy is doing at the time. It's like flying an airplane. You might say "pulling back on the stick won't make the aircraft lose altitude", but there are times when it will. Economies are like that. Doing the right things depends on what the economy happens to be doing right then, and which way it's going.
Hard lessons, but important ones.
Since we live in a representative republic, it's a little weird to claim we're stealing from ourselves.
Unless you're an anarchist. Then you should move to Stoneageistan where there's no government, and everyone takes care of his own.
Depends on what the economy is doing at the time. It's like flying an airplane. You might say "pulling back on the stick won't make the aircraft lose altitude", but there are times when it will. Economies are like that. Doing the right things depends on what the economy happens to be doing right then, and which way it's going.
Hard lessons, but important ones.
Since we live in a representative republic, it's a little weird to claim we're stealing from ourselves.
Unless you're an anarchist. Then you should move to Stoneageistan where there's no government, and everyone takes care of his own.
Isn't that next to Hotchickistan were the women are all supermodels and wear fur bikinis?
I really hate to see a post like this
and
I know there are far too many like you around here
so
there is a good chance Obama will be reelected
but
don't worry
you won't be able to tell the difference
Wow!
Wow!
Some good replies here and some meant to be funny.
Here is my take:
It is part of God's judgement on the USA. We have allowed our politicians to get away with using class envy to have American against American so they can do whatever with the money. The debt is so high that no amount of taxation will cure it. So what then? Monetize the debt. What happens when foreigners do not want our $$ or bonds (T bills)? Print gobs of them. You end up spending $20 for a soda. It is coming. Look at gold right now... what $1700 an ounce? Is anyone getting pay raises? Prices are going up... so hyper inflation levels. Question is not if but when.
Wow!
Some good replies here and some meant to be funny.
Here is my take:
It is part of God's judgement on the USA. We have allowed our politicians to get away with using class envy to have American against American so they can do whatever with the money. The debt is so high that no amount of taxation will cure it. So what then? Monetize the debt. What happens when foreigners do not want our $$ or bonds (T bills)? Print gobs of them. You end up spending $20 for a soda. It is coming. Look at gold right now... what $1700 an ounce? Is anyone getting pay raises? Prices are going up... so hyper inflation levels. Question is not if but when.
I don't have a lot of confidence that Republicans winning in 2012 would change that.
Tell us how Reagan reduced the debt.
Tell us how Reagan reduced the debt.
A few people are getting rich in China. But...
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
It might have large corporations drooling in envy, but it's not so great for the average citizen. Everything that was wrong with the US in the late 1800s - early 1900s is wrong with China.
From a WSJ article:
http://www.clb.org.hk/en/node/100888
In a centralized nation with no democracy in the system, the temptation to "solve" the problems by repression may become to strong to resist. That would be a disaster.
They may fix it, as we did. But they have a long way to go to get where we are.
just sayin'
TruthSetsFree
New member
that picture is hilarious
or maybe not... hmmmm...
anyhow... the theory that BHO is deliberately running our economy into the ground to pave the way for (at best) a socialist society...
just makes sense to me at this time... although i will allow that only God knows this &^%$#'s heart/motives
therefore, maybe we should PRAY more to this God who knows such things..
PRAY, AMERICA, PRAY
TruthSetsFree
New member
.
The prayers of the rosary are very powerful
that is what made me a true Christian
that is what made me a true Christian
Yeah, I guess Mary is much more capable then Christ :down:
Huh? We're not stealing from ourselves. The government is stealing from us.
That's absurd.
Yes it is. Social Security is a ponzi scheme that is destined for failure, it has been since the beginning. The sooner it is eliminated, the better.