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Don't worry comrade it will be here soon enough to put a smile on your face. It is inevitable.
It's not necessarily inevitable. Consumer demand and wages are both going to have to increase significantly. I can see consumer demand gradually increasing but there is absolutely no wage pressure in the economy. There wasn't before this recession started and there won't be until an increasing number of baby boomers leave the job market. In light of fact so few Baby Boomers are prepared for retirement that is not likely to happen. Any increase in consumer demand can be quickly offset by interest rate hikes.
Because the Fed has indicated they don't like "the speed" of the recovery and may intervene. BOJ made a move yesterday.
Are the central banks trying to turn an "L" recovery into a "V" recovery by QE ?? Once they get a taste of that printing press, seems they think they can play god with the markets.
The Dow rebounded Tuesday to its highest point in May. One day market changes do not constitute a trend. Overall the market has been rising recently. Earnings season starts on Thursday. Earnings season will tells us more about the economy than any information that we've seen lately.
So, you go to a lot of effort in your life to work hard and save, and then someone else decides to sit on their bottom and tell you what to do with it, and you are okay with that?
Maybe you would be happier with your life if you stopped paying attention to what others are doing, and spend more time on yourself?
Somebody tell me where this hyper-inflation is at? Consumer demand is down, wages are stagnant, housing prices are down.
food prices are way up
clothing uis up
utilities are up
textiles and lumber are up
coffee has doubled since 2000
cocoa is up
pork is up
beef is up
even vegitable prices are up
just because housing is down and wages are stagnent doesnt mean that we are not in an inflationary or stagflationary stage
hyper-inflation, or stagflation (prices go up, while wages stay stagnent or lower)
The rich will benefit more than any other when the middle class tax cuts are extended so liberals are not forgeting the rich
really? and how are the rich going to benefit when their taxes go up, and they have to raise prices on goods and services which will cost the middle and lower classes more?
Quote:
Originally Posted by newhandle
A progressive tax system is the basis of capitalism, just read Adam Smith. By them doing this, they show they are just greedy, they have no philosophical commitment to either capitalism or this nation.
sorry, try again. the progressive tax system is designed to punish success.
Quote:
Originally Posted by JazzyTallGuy
The Dow rebounded Tuesday to its highest point in May. One day market changes do not constitute a trend. Overall the market has been rising recently. Earnings season starts on Thursday. Earnings season will tells us more about the economy than any information that we've seen lately.
its called a bear market rally. and while the markets have been trending upwards, just wait until all the new taxes and regulations hit the economy next year.
A progressive tax system is the basis of capitalism, just read Adam Smith. By them doing this, they show they are just greedy, they have no philosophical commitment to either capitalism or this nation.
Yep. Someone who goes abroad just because he is to pay more taxes is as loyal as a husband who leaves his wife when he spots a woman with bigger breasts
Yep. Someone who goes abroad just because he is to pay more taxes is as loyal as a husband who leaves his wife when he spots a woman with bigger breasts
Ever heard of the saying: It's nothing personal, just business?
Think about this boys and girls... Our current bank puppet in chief campaigned on the promise of no tax increases for middle class Americans. Now I ask you, if a tax is levied on one of those evil corporations in the form of "cap and trade" or any other income tax, who ultimately pays that tax? The corporation doesn't. Who does? Anyone fancy a guess?
That's right, it's middle class America that pays that tax. In this case the corporation just plays the role of tax collector. Joe Middle Class works for XYZ Corp. who has just come under cap and trade. XYZ Corp will stay profitable for its shareholders, because that is one of their key objectives in order to keep those investors and attract more. So maybe Joe doesn't get a pay raise this year, swallowing the corporate line about fiscal responsibilty in a recessed economy. Is that not a tax on Joe Middle Class? Suppose Joe gets a small pay increase, yet the goods or services that XYZ Corp puts out there increase in price to wholesalers, who in turn increase the price to retailers who in turn pass along the price increase to, well, look who it is buying that, it's Joe Middle Class.
I ask again, who was most affected by that tax increase?
I have some crayolas and draw pretty good pictures if any of you need further explanation.
The problem with your whole premise is even with the Bush tax cuts middle class incomes have stagnated, while corporates profits rose and upper income Americans saw wage increases.
Trickle Down Economics has become Corporate America telling people that it's raining while they are pissing on them.
Trickle Down Economics has become Corporate America telling people that it's raining while they are pissing on them.
Cool saying
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