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Old Yesterday, 02:26 PM
 
10,761 posts, read 5,272,485 times
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Quote:
Originally Posted by CaliRestoration View Post
What economy does not have corruption?
Haha, we should look at the corruption map in the world, itís not USA. Look elsewhere.
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Old Yesterday, 02:37 PM
 
361 posts, read 180,159 times
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Quote:
Originally Posted by NewbieHere View Post
Haha, we should look at the corruption map in the world, itís not USA. Look elsewhere.
Ah hah. That's because we made bribery legal in the name of lobbying. Make corruption legal in all other countries and the corruption map will be blank all over the world.
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Old Yesterday, 02:38 PM
 
4,485 posts, read 2,367,331 times
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Quote:
Originally Posted by Bp25 View Post
Ah hah. That's because we made bribery legal in the name of lobbying. Make corruption legal in all other countries and the corruption map will be blank all over the world.
Bribery and lobbying doesn't happen elsewhere?
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Old Yesterday, 02:40 PM
 
3,214 posts, read 1,357,972 times
Reputation: 2379
Quote:
Originally Posted by CaliRestoration View Post
Bribery and lobbying doesn't happen elsewhere?
So Somalia is the most corrupt? Okay.

That's like saying the local bus driver has an "illegal" gambling problem.

The point. Nobody gives a **** about Somalia. They're not a player.
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Old Yesterday, 02:45 PM
 
Location: SC
8,494 posts, read 5,254,907 times
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That's why those who push TD don't campaign on that alone. It is always TD and... Muslims are bad, or Gay Marriage is bad, or Terrorists are coming to take you out. These are the tools used to convince those that know no better. IOW, a great tool to use on political tools.
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Old Yesterday, 03:41 PM
 
4,587 posts, read 1,702,842 times
Reputation: 5836
Quote:
Originally Posted by jtab4994 View Post
Perfect time to institute Medicare For All and of course, Demand Side Economics (better known as Socialism).

It can't miss: Make everything so expensive (healthcare, college loans, child care, taxes) that the middle class will be unable to afford it and will turn to the government to make it all "free". Voila! Demand Side wins!

Well, you can make Demand Side fail by using reductio ad absurdum. Well done.


Seriously, one thing the wealthy and corporations haven't caught on to (or they don't want to): since demand is currently constrained, if Demand Side policies are pursued, then economic activity will increase as the lower and middle classes have more discretionary income. This will increase revenue, sales and profits at businesses. The wealthy will make more money and profits with demand side. It's a feedback loop.
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Old Yesterday, 03:53 PM
 
4,485 posts, read 2,367,331 times
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Quote:
Originally Posted by Jobster View Post
So Somalia is the most corrupt? Okay.

That's like saying the local bus driver has an "illegal" gambling problem.

The point. Nobody gives a **** about Somalia. They're not a player.
So what system doesn't have corruption?
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Old Yesterday, 03:55 PM
 
4,485 posts, read 2,367,331 times
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Quote:
Originally Posted by Elliott_CA View Post

Seriously, one thing the wealthy and corporations haven't caught on to (or they don't want to): since demand is currently constrained, if Demand Side policies are pursued, then economic activity will increase as the lower and middle classes have more discretionary income. This will increase revenue, sales and profits at businesses. The wealthy will make more money and profits with demand side. It's a feedback loop.
Show a real world example of that actually happening.
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Old Yesterday, 04:03 PM
 
11,050 posts, read 20,615,166 times
Reputation: 10407
Small business hiring is off the hook since the tax cuts. They are the ones driving the job growth and wage increases. This has been a huge boon for smaller businesses that often operate under fairly thin margins or with owners as the sole worker. I completely support a reduction in business taxes, now taxes on wage earners I'm very heavily into the progressive camp despite being where I am today. I'm not for a complete flattening of wages a la super high progressive rates but even charging us an extra 20% year just means I invest less and we see less inequality overall.

It's not really about how much the top earners in the country earn, it's more about how much more they earn on a % basis. China also has a pretty big wealth disparity with a huge underclass of poor outside the cities.
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Old Yesterday, 04:37 PM
 
4,485 posts, read 2,367,331 times
Reputation: 3822
Quote:
Originally Posted by wheelsup View Post
SI'm not for a complete flattening of wages a la super high progressive rates but even charging us an extra 20% year just means I invest less and we see less inequality overall.
I see your heart but I don't see the logic.

Why is income inequality inherently a bad thing? This is how most progressive tax arguments are framed.

Warren Buffet literally has a net worth that is 1,350 times larger than mine, yet I daily drive a BMW M4, and own a winter and summer home.

Am I really being hurt by income inequality? I just don't get the economic or logical argument behind it.
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