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Old 11-18-2011, 12:30 PM
 
Location: MS
3,972 posts, read 3,861,820 times
Reputation: 1376

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Quote:
Originally Posted by hotair2 View Post
Actually they have everything to do with the economy. Paying down the deficit does not produce one job. ONly 6% of Americans believe that the deficit is the number one problem. The majority of people polled believe that Jobs are the number 1 problem. Reich's proposal would stimulate job growth.
The historians seem to forget that he interned 60,000+ America citizens based on nothing but where their families came from. Japanese American internment - Wikipedia, the free encyclopedia
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Old 11-18-2011, 12:34 PM
 
12,439 posts, read 9,960,994 times
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Quote:
Originally Posted by Robert_J View Post
The historians seem to forget that he interned 60,000+ America citizens based on nothing but where their families came from. Japanese American internment - Wikipedia, the free encyclopedia
Certainly is a black mark against him, but no enough to overshadow the good things that he accomplished.
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Old 11-18-2011, 12:36 PM
 
Location: Twin Cities, MN
780 posts, read 440,789 times
Reputation: 220
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Originally Posted by Frank DeForrest View Post
At one time, the best and brightest thought the world was flat.
You should make a habit out of making your debate opponents' points for them, you're great at it!
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Old 11-18-2011, 12:39 PM
 
Location: NC
6,034 posts, read 7,197,716 times
Reputation: 6328
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
If we had any sense at all we would not be trying to get out of debt. Debt is the money supply, and shrinking the money supply contracts the economy.



The last stimulus didn't spend enough on infrastructure projects. It was a "paper stimulus" that went to state governments to keep them from having to choose between raising taxes and firing workers.




U.S. household net worth is about $60 trillion.

A 2% tax on net worth would give you $1.2 trillion/year in annual tax revenue, which would be a budget surplus. This could be done without raising income taxes, payroll taxes, or corporate taxes.

Maybe you can show the math on how you came up with this idea that taxing the rich wouldn't give us a budget surplus.




The definition of 'corporate welfare' is allowing corporations to do business in the united states without paying enough taxes, or occasionally, any taxes.
You are absolutely mistaken..... Do you think that a 2% tax on wealth/worth would lead to people just leaving the country and taking their spending with them?

If you want to stimulate other countries in the world as anyone with net worth flees, then go right ahead and do this.


Robert Reich is an idiot along with Paul Krugman..... Both Keynsian progressives.

Rather than spend exponentially more than what we can possibly ever pay for, we need to go back to a sustainable system.

Bank wants to speculate? You need $1 capital for every $ loaned or you can loan out against real assets....
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Old 11-18-2011, 12:45 PM
 
Location: Twin Cities, MN
780 posts, read 440,789 times
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Originally Posted by Suncc49 View Post
You are absolutely mistaken..... Do you think that a 2% tax on wealth/worth would lead to people just leaving the country and taking their spending with them?

If you want to stimulate other countries in the world as anyone with net worth flees, then go right ahead and do this.


Robert Reich is an idiot along with Paul Krugman..... Both Keynsian progressives.

Rather than spend exponentially more than what we can possibly ever pay for, we need to go back to a sustainable system.

Bank wants to speculate? You need $1 capital for every $ loaned or you can loan out against real assets....
I agree. This is a tangent but, I remember when this economic crisis began, hearing business owners yelling that they could no longer aquire loans to make payroll. This is part of the problem. Borrowing constantly to keep a business afloat a while longer because you're too afraid to admit failure is not sustainable. Especially when 1000s of businesses engage in it simultaneously. Let the people who can do it do it. Not everyone is cut out to run a profitable business-- there's no shame in that.
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Old 11-18-2011, 12:57 PM
 
3,502 posts, read 1,735,776 times
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Originally Posted by Robert_J View Post
The historians seem to forget that he interned 60,000+ America citizens based on nothing but where their families came from. Japanese American internment - Wikipedia, the free encyclopedia
I suspect that most Americans, including historians, forgot this after his actions led to the defeat of Hitler and Japan in WWII.
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Old 11-18-2011, 01:16 PM
 
Location: Twin Cities, MN
780 posts, read 440,789 times
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Quote:
Originally Posted by Skinny Puppy View Post
I suspect that most Americans, including historians, forgot this after his actions led to the defeat of Hitler and Japan in WWII.
I don't know about that. We're talking about it now aren't we? It was part of the curriculum in the school district I attended, and I suspect that I am not alone.
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Old 11-18-2011, 01:21 PM
 
69,372 posts, read 53,646,153 times
Reputation: 9357
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
Or if we had a tax on sales, people would stop purchasing goods and services.
They tried that once.. It failed myserably. Ever hear of the luxury tax which put almost all american boat manufacturers out of business?
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Old 11-18-2011, 01:24 PM
 
69,372 posts, read 53,646,153 times
Reputation: 9357
Quote:
Originally Posted by Suncc49 View Post
Robert Reich is an idiot along with Paul Krugman..... Both Keynsian progressives.
I wouldnt go this far.. You see both of them base their ideaology on the fact that governments SAVE in good years, so they can THEN spend them in bad. Where they become idiots is when they mouth bs like they do constantly, they ignore the fact that the american government NEVER saves. if we could get it to save and pay down debt in good years, their programs hold a lot of value.
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Old 11-18-2011, 01:36 PM
 
7,374 posts, read 7,204,102 times
Reputation: 892
Quote:
Originally Posted by knowledgeiskey View Post
This sounds reasonable to me. He might have gotten some numbers wrong, but he got it on the nail.


Robert Reich: Super Committee is Super Trouble - YouTube
I like some of what he said, especially about ending the wars ... But he doesn't even talk about the free trade agreements that killed the manufacturing industry in this country.

Instead he says the government should spend more money to create jobs? Its up to the market to create jobs, not the fed. Government. And instead of raising taxes we need to get rid of the income tax altogether, that would boost the economy.

And he says we don't need to cut spending until we drastically reduce unemployment, but that is not gonna' work either, we have to cut spending and we have to do it NOW ...
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