Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Houston
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-09-2016, 03:46 PM
 
Location: Mo City, TX
1,728 posts, read 3,442,234 times
Reputation: 2070

Advertisements

Quote:
Originally Posted by Dopo View Post
Free market = Boom and bust
Government controlled market = Sustainable growth.

A Brief History of Progressive Taxation

Spoiler
His solution to capitalism's boom-bust economic cycle is straightforward. Employ a social safety net to protect the consumer, who represent the economic health of a nation. This dampens the bottom of the cycle. Fund this with progressive taxation, which also drains money employed for reckless speculation. This dampens the top of the cycle. The US government successfully employed this system to mitigate the extreme economic fluctuations of capitalism's boom-bust economic cycle for over 40 years (1935-1979).
Is this not what happened to Venezuela ? I hear toilet paper is like gold down there
Reply With Quote Quick reply to this message

 
Old 06-09-2016, 08:13 PM
 
Location: Houston/Austin, TX
9,872 posts, read 6,583,760 times
Reputation: 6400
Quote:
Originally Posted by lipbalm View Post
Is this not what happened to Venezuela ? I hear toilet paper is like gold down there
Venezuela's problems aren't based on the fact that the government controls the market. Sweden, UAE, and Qatar are all government controlled markets and they aren't in the same crisis.
Reply With Quote Quick reply to this message
 
Old 06-09-2016, 08:59 PM
 
18,130 posts, read 25,278,015 times
Reputation: 16835
Quote:
Originally Posted by lipbalm View Post
Is this not what happened to Venezuela ? I hear toilet paper is like gold down there
No,
Venezuela has a corrupt political party in control that claim to be socialist but it's just a political trick to get poor people to keep on supporting them.
Reply With Quote Quick reply to this message
 
Old 06-10-2016, 07:39 AM
 
1,835 posts, read 3,265,871 times
Reputation: 3789
Quote:
Originally Posted by Dopo View Post
Free market = Boom and bust
Government controlled market = Sustainable growth.

A Brief History of Progressive Taxation

Spoiler
His solution to capitalism's boom-bust economic cycle is straightforward. Employ a social safety net to protect the consumer, who represent the economic health of a nation. This dampens the bottom of the cycle. Fund this with progressive taxation, which also drains money employed for reckless speculation. This dampens the top of the cycle. The US government successfully employed this system to mitigate the extreme economic fluctuations of capitalism's boom-bust economic cycle for over 40 years (1935-1979).
Government controlled market = less innovation, lower income, and lower quality of life for most everyone.

The answer is NEVER government control, its wise investments, and conservative thought....Ride the boom, and save for the bust. The problem is that nobody in America saves anymore..Extra $100 in the bank?! Awesome I can get a new flat panel on payments, 5 years, zero interest, on a $1000 TV....thats like $17/month...I can still afford to lease a fancy car, and go out tonight!

Most people today just expect to have luxury items, so they finance them, even though their income does not support the lifestyle....the problem comes when the bust occurrs...then they all whine and cry the government should have stopped this from happening!

Its the free market's fault that I have $150,000 student debt and a completely worthless BA degree! Forgive my debt! YAY - Vote Sanders - Morons!
Reply With Quote Quick reply to this message
 
Old 06-10-2016, 12:05 PM
 
Location: Houston, TX (Bellaire)
4,900 posts, read 13,734,008 times
Reputation: 4190
This has just degenerated into a pointless political flamewar.

Anyone who thinks that government controlling everything is in their best interest needs to think hard about that.

Anyone who thinks unbridled capitalism with no government oversight is in their best interest also needs to think hard about that.

In the meantime lets be happy for Houston that prices are staying up and hopefully this is not a repeat of last year when they crash back down at the end of the summer.
Reply With Quote Quick reply to this message
 
Old 06-10-2016, 02:38 PM
 
1,237 posts, read 2,018,863 times
Reputation: 1089
When WTI is no longer in contango we can talk recovery. Until then, it's just mental masturbation. There are just too many unpredictable factors to really have a educated opinion on whether or not we are in the early stages of recovery. People who say we are either definitively in or not in recovery are both wrong.
Reply With Quote Quick reply to this message
 
Old 06-10-2016, 05:05 PM
 
277 posts, read 304,838 times
Reputation: 217
My poor man's prediction...it will boom in 2017 and stay high for 7-9 years..I just need it to stay in the crapper another 2 months so I can score a decent real estate discount on our move.
Reply With Quote Quick reply to this message
 
Old 06-10-2016, 10:17 PM
 
18,130 posts, read 25,278,015 times
Reputation: 16835
There's more regulation in the US than people think, they just don't see it
That's why after 911 several gas stations got fined for increasing the price of gas about 300%
Reply With Quote Quick reply to this message
 
Old 06-11-2016, 09:17 AM
 
958 posts, read 2,573,626 times
Reputation: 827
Quote:
Originally Posted by ma23peas View Post
My poor man's prediction...it will boom in 2017 and stay high for 7-9 years..I just need it to stay in the crapper another 2 months so I can score a decent real estate discount on our move.
Historically speaking, look in the 80s how long did oil stay low, almost 20 years. Oil will not boom in 2017, what real economic indicator is pointing to growth? Has production dropped? Has demand skyrocketed?

In all likelihood 2017 will be a recession year, and oil in my estimation oil will be in the 20s again. The oil boom for Houston is over and we haven't seen a true bottom in real estate yet. It has only plateaued.

Just my 2 cents.
Reply With Quote Quick reply to this message
 
Old 06-11-2016, 10:31 AM
 
Location: Houston, TX (Bellaire)
4,900 posts, read 13,734,008 times
Reputation: 4190
Yes production has dropped. Dropped slightly here and down quite a bit in other areas for example Venezuala due to lack of investment and Nigeria and Libya due to political unrest/infrastructure attacks.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Houston
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top