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The responsibility of the recipient class is to create jobs, pay wages, and make investments with all those trillions given to them by the Fed, the US Gov't, and the central planners we have who run the financial system. In theory that's how standard GOP supply side economics is supposed to work.
Unfortunately the recipient class isn't fulfilling those responsibilities, because it has a fiduciary duty to shareholders and not taxpayers.
Supply side has absolutely nothing to do with someone getting something from the government.
This government that you worship created the crony capitalism that we see today, and you believe that they will help get the problem resolved?
Supply side has absolutely nothing to do with someone getting something from the government.
Wrong, supply side econ is all about businesses and capital owners getting preferential treatment from the government. The combination of monetary policy and tax policy encouraged by supply siders is tantamount to a corporate giveaway, at the expense of the individual worker.
Supply-side economics is a school of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services, such as lowering income tax and capital gains tax rates, and by allowing greater flexibility by reducing regulation.
These guys supported deregulation -- and regulation of the monetary supply is what prevents corporate America from ripping off average Americans. The effects can be seen rather clearly in economic statistics, like wage stagnation, unemployment, commodity inflation, and dollar devaluation.
Wrong, supply side econ is all about businesses and capital owners getting preferential treatment from the government. The combination of monetary policy and tax policy encouraged by supply siders is tantamount to a corporate giveaway, at the expense of the individual worker.
Supply-side economics is a school of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services, such as lowering income tax and capital gains tax rates, and by allowing greater flexibility by reducing regulation.
These guys supported deregulation -- and regulation of the monetary supply is what prevents corporate America from ripping off average Americans. The effects can be seen rather clearly in economic statistics, like wage stagnation, unemployment, commodity inflation, and dollar devaluation.
Regulation/deregulation is not a legal function of the federal government.
The congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defence and general welfare of the united states; but all duties, imposts and excises shall be uniform throughout the united states; to borrow money on the credit of the united states;
to regulate commerce with foreign nations, and among the several states, and with the indian tribes; [...]
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Quote:
Originally Posted by alphamale
regulation/deregulation is not a legal function of the federal government.
There are THREE essential components to a capitalist economy:
1) Land
2) Labor
3) Capital
The rich have capital, and often land. However, they can't make money (and thus, have more capital), without the LABOR of the lower classes. More importantly, they make their money when the lower classes have enough resources to BUY THEIR GOOD AND SERVICES.
The rich cannot stay rich selling their crap to each other.
We're all in it together. People in America act as if they've got SUCH a tax burden, but you cannot enjoy civil society and a peaceful society without taxes, so deal with it. I pay a LOT in taxes, but know my success and comfort depends on a well ordered society. I'd prefer the current system over the South American model of small professional middle and upper classes in gated, armed communities with seas of impoverished outside the gates, thank you. It's worth that extra 5% or 10% taxes!
A loan is not welfare. You can call it financial aid in the form of a loan... but it's certainly not welfare. Welfare is when people get money for nothing.
On top of all this, the bailout was financially beneficial for you and I. Why would you complain about it?
The banks were not loaned anything but were given trillions and trillions of the most efficient form of money, which is debt free money, which is money for nothing where as everyone else gets stuck under the fraudulent national debt system. The banks literally threatened via Hank Paulson to implode the economy and tanks in the streets and martial law if the banks didn't get their trillions in welfare and the economy still imploded anyway after the welfare bailouts. Unless you are a central banker or a member of the council on foreign relations or perhaps a CEO of a bailed out New York money center mega bank like Jamie Dimon then there was no benefit to you or I from these bailouts.
The banks were not loaned anything but were given trillions and trillions of the most efficient form of money, which is debt free money, which is money for nothing where as everyone else gets stuck under the fraudulent national debt system. The banks literally threatened via Hank Paulson to implode the economy and tanks in the streets and martial law if the banks didn't get their trillions in welfare and the economy still imploded anyway after the welfare bailouts. Unless you are a central banker or a member of the council on foreign relations or perhaps a CEO of a bailed out New York money center mega bank like Jamie Dimon then there was no benefit to you or I from these bailouts.
Then they took that welfare money, gave themselves bonuses with it , paid taxes on said bonuses and paid back the welfare. Well thats a good start. Now if we can just get the rest of the welfare recipiants to pay it back and pay taxes we will be doing good.
Hey at least up here welfare does have to be paid back, but they still dont pay taxes.
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