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Old 06-20-2017, 07:00 AM
 
79,907 posts, read 44,184,586 times
Reputation: 17209

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Quote:
Originally Posted by InformedConsent View Post
You keep saying that without understanding the damage caused by injecting a newly printed/borrowed $3.2 trillion/year into the economy: massive $US devaluation and hyperinflation.
It doesn't matter. First, as I said, it's wrong and second, if we can not pay for wars, there is no reason we can simply not pay for health care. I never see you arguing to pay for the wars.

Quote:
That may well end up being true, eventually. If so, the 25% national VAT tax on all consumer spending can be adjusted downward, accordingly. Alternatively, some classes of consumer goods could be exempted from the tax.
So perhaps I do know more than some "think tank"?
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Old 06-20-2017, 07:02 AM
 
79,907 posts, read 44,184,586 times
Reputation: 17209
Quote:
Originally Posted by InformedConsent View Post
False. Company pension funds go bust all the time. Guess what happens?
Very few companies offer a pension today. I argued it but in the end it's pretty much irrelevant.

"We can't tax iron because just think what they will do to the price of horseshoes".
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Old 06-20-2017, 07:11 AM
 
Location: the very edge of the continent
89,000 posts, read 44,804,275 times
Reputation: 13699
Quote:
Originally Posted by pknopp View Post
It doesn't matter. First, as I said, it's wrong and second, if we can not pay for wars, there is no reason we can simply not pay for health care. I never see you arguing to pay for the wars.
It does matter. Injecting an additional borrowed/printed $3.2 trillion/year into the economy would massively devalue the $US and result in hyperinflation.

Sadly, you're making an emotional argument rather than a rational argument.

Quote:
So perhaps I do know more than some "think tank"?
Not necessarily. Your "guess" has no research backing up your premise. It might turn out the way you suggest, but it might not. There's no way to really tell until we actually do it. And what's needed to fund it is to implement a 25% national VAT tax on all consumer goods. If costs decrease, that can be adjusted downward, accordingly.
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Old 06-20-2017, 07:17 AM
 
26,694 posts, read 14,561,042 times
Reputation: 8094
Quote:
Originally Posted by pknopp View Post
Not my problem. They will have to put profits and multi million dollar bonuses into the system to honor their promises.
Seriously?
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Old 06-20-2017, 07:17 AM
 
79,907 posts, read 44,184,586 times
Reputation: 17209
Quote:
Originally Posted by InformedConsent View Post
It does matter. Injecting an additional borrowed/printed $3.2 trillion/year into the economy would massively devalue the $US and result in hyperinflation.

Sadly, you're making an emotional argument rather than a rational argument.
I'll care when I start seeing the arguments to pay for the wars.

Quote:
Not necessarily. Your "guess" has no research backing up your premise. It might turn out the way you suggest, but it might not. There's no way to really tell until we actually do it. And what's needed to fund it is to implement a 25% national VAT tax on all consumer goods. If costs decrease, that can be adjusted downward, accordingly.
There is a ton of research available. It doesn't even take research to understand that it's less expensive to go see a doctor as opposed to going to the E.R.

Not even you can argue against that, even though you tried.
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Old 06-20-2017, 07:18 AM
 
26,694 posts, read 14,561,042 times
Reputation: 8094
Quote:
Originally Posted by pknopp View Post
Very few companies offer a pension today. I argued it but in the end it's pretty much irrelevant.

"We can't tax iron because just think what they will do to the price of horseshoes".
City, state and federal governments still do.
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Old 06-20-2017, 07:19 AM
 
79,907 posts, read 44,184,586 times
Reputation: 17209
Quote:
Originally Posted by lifeexplorer View Post
Seriously?
You are upset at me thinking a business needs to honor it's obligations?
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Old 06-20-2017, 07:19 AM
 
Location: the very edge of the continent
89,000 posts, read 44,804,275 times
Reputation: 13699
Quote:
Originally Posted by pknopp View Post
Very few companies offer a pension today. I argued it but in the end it's pretty much irrelevant.
It's not irrelevant. Even union members aren't immune to having to endure massive pension benefits cuts because their pension fund simply did not have enough money to pay out what was promised. And you want to add insult to injury by taxing financial transactions, thereby reducing pension funds' investment yield which would cut their pension payouts even further? Sheer idiocy.

273,000 union workers and retirees brace for pension cuts - May. 2, 2016

You're making emotional rather than rational arguments.
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Old 06-20-2017, 07:20 AM
 
79,907 posts, read 44,184,586 times
Reputation: 17209
Quote:
Originally Posted by lifeexplorer View Post
City, state and federal governments still do.
They've been bitten badly by tying into an expected return on Wall Street. You would think they would learn, wouldn't you?
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Old 06-20-2017, 07:21 AM
 
26,694 posts, read 14,561,042 times
Reputation: 8094
Quote:
Originally Posted by pknopp View Post
You are upset at me thinking a business needs to honor it's obligations?
I am upset at the sheer stupidity of your post.
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