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.
Which scenario is better for the economy? (Please check one.)
[ ] Give 50 millionaires a tax break, they'll go out and buy 50 widgets.
[ ] Give 50 million people a pay hike, they'll go out and buy 50 million widgets.
How about option 3 - give everyone a tax break , everyone gets widgets.
What is of more value to you, a tax getting to keep $100 more of the money you already earn or a $100 pay raise.
Answer, getting to keep the $100 of your money is of more value to you because if you get a $100 raise it will be less after the government grab. Of course you won't hear Obama say that. He opts for pay raise and sees more money coming his way.
The incredible growth was because we destroyed the competition.
Astute observation.
We simply cannot base current economic policy on the successes that occurred in the past at a time in which our global competitors' capacity to produce was destroyed by the effects of war.
....the right thinks everything they don't like is Obama. Lost your job? Obama. Lost your girlfriend / wife? Obama. Car broke down? Obama.
Which in no way counters what I said, it's nothing more than a rant because there is absolutely no defense in someone re-nominating someone that had just failed so miserably.
It is Obama's fault he re-nominated him. He knew his policy was to increase wealth from the bottom up.
So it really was just an inane meaningless comment then ....
Quote:
Originally Posted by greywar
gini is a dynamic variable based upon relative incomes.
Uhhh, no it's not. It is a mathematical measure of the inequality among values in a frequency distribution. When used to measure income inequality it is inherently a snapshot in time, basically it expresses the inequality of the distribution of incomes at a single moment. There is absolutely nothing that is dynamic about it. I suggest you do some studying before you continue to blather on about something about which you apparently know so little.
Quote:
Originally Posted by greywar
Now go READ the data. Its fascinating....here let me quote from the first page:
"Areas with greater mobility tend to have five characteristics: less segregation, less income inequality, better schools, greater social capital, and more stable families."
But the critical question is what is the cause, and what is the effect. Correlation does not imply causation, which BTW is the fundamental problem with the IMF report. Perhaps the reason these areas share these characteristics isn't even on that list.
Quote:
Originally Posted by greywar
This is such a old and tired rallying cry. Oh no! They STOLE from me! THEFT! OMG! quit. seriously. I pay FAR more in taxes then the average person in the united states. Its the cost of living in a society. If you don't want to live in a society, then I would suggest leaving.
So many logical fallacies here, I hardly know where to begin ....
Quote:
Originally Posted by greywar
This is such a old and tired rallying cry.
That makes it wrong? Sorry, there are many truths that stand the test of time.
Quote:
Originally Posted by greywar
I pay FAR more in taxes then the average person in the united states.
So do I, but I don't claim this fact gives me any special standing here. Apparently you do.
Quote:
Originally Posted by greywar
Its the cost of living in a society. If you don't want to live in a society, then I would suggest leaving.
So, I have to accept the whole kit and caboodle? I can't disagree with some taxes while accepting others that are a necessary and proper function of our government?
I'm happy to pay taxes (and I do pay plenty) for the purposes defined in the Constitution. I don't see anything in there about redistributing income, therefore that is government sanctioned theft.
Which in no way counters what I said, it's nothing more than a rant because there is absolutely no defense in someone re-nominating someone that had just failed so miserably.
It is Obama's fault he re-nominated him. He knew his policy was to increase wealth from the bottom up.
You don't get it.
Bernanke wasn't there to shore up income inequality, he was there to prevent a double-dip recession (much like all of Europe suffered but we avoided).
Hey I mean sure, just ignore the science and facts, and keep repeating that.
Yes, sorta like liberals keep repeating the "facts" that the women make 70 cents on the dollar to men, voter ID laws suppress minority voters, and Obama has reduced the deficit. Women actually make 95 cents on the dollar to men, areas with voter ID laws in place show no effect whatsoever on the minority vote, and the deficit under Bush was 400 billion while it is 600 billion under Obama.
Quote:
Do you have any specifics that you object to in the study? Or maybe facts to back up your position?
Personally, I don't care about the study. The only way to ensure a "reasonable wealth redistribution" is to have government mandate what private citizens are allowed to do with their money. That is unconstitutional. That is precisely why the administration had to defend Obamacare in court as a tax - it was the only way to get it declared constitutional. So the IMF study may be great for some socialist European country, but here in America the study is irrelevant. You cannot redistribute wealth, so what the effects are of redistributing wealth don't matter.
Bernanke wasn't there to shore up income inequality, he was there to prevent a double-dip recession (much like all of Europe suffered but we avoided).
I get it, you arent concerned over income inequality or you wouldn't be defending the reasons for it.
Even arguing that the QE programs should have been done (they shouldn't have) you don't let the person who as I note, had just failed so miserably run them.
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.
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.
