Sheriff Joe
DA
What the hell is wrong with you? Simple is a good thing. You libs like to gum up the works with bullshit.
Essential Economics for Politicians
- Thread starter Bruddah IZ
- Start date
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- Tags
- finance too
Sheriff Joe
DA
Can't wait for the libs to justify this and talk shit on the tax bill at the same time.No, It’s Actually the Rich Who Deserve a Tax Break
The truth of the matter is that high-earners in America pay well beyond their fair share.
In technical terms, the ratio of the rich’s contribution to the tax pool to their share of national income is higher in the US than in European countries, e.g. Sweden, Germany, the UK, France, and so on. The Washington Post produced a fun graphic to illustrate this fun point (the figure relies on OECD data from 2008, before the expiration of the Bush tax cuts).
Observe that the top 10 percent of earners in the US make 33.5% of national income, yet are responsible for 45% of tax revenues; on the other hand, Sweden’s top 10 percent make 26.6% of national income, but shoulder exactly 26.6% of the tax burden. America’s ratio of 45/33.5 is the highest in the developed world, and thus our tax code is the most progressive.
it seems weird to mess with the economy at this moment, but i guess we will see. i don't have much of an opinion on the fairly confusing tax bill.
Bruddah IZ
DA
Competition is pretty simple. Anti-competitive/Anti-trust is where things get really complicated. Politicians and attorneys like complicated. "Lack of transparency is of great political advantage" in bilking the tax payer.
From your posts, it's clear you have a very limited understanding of tax policy and who benefits. You seem to view lower taxes as being pro-competition, which could not be less correct. The entire tax system exists to benefit capital and not labor and large instead of small...it's very anti-competitive.
Bruddah IZ
DA
I always enjoy it when you make my point for me albeit in a convoluted way.
Bruddah IZ
DA
We Need a New Name for "Trickle-Down" Economics
The goal of economic policy ought to be to create enduring, widespread economic prosperity.--Chuck Baird
Keynesians, like all statists, assume that prosperity begins with government action.
The goal of economic policy ought to be to create enduring, widespread economic prosperity.--Chuck Baird
Keynesians, like all statists, assume that prosperity begins with government action.
Wez
DA
Fake News
Bruddah IZ
DA
Just history.
The goal of economic policy ought to be to create enduring, widespread economic prosperity. The principal characteristic of widespread prosperity is high and growing employment at high and growing rates of compensation, and that requires prosperous employers who actively compete for the types of labor they need. Durable employment opportunities emerge from entrepreneurs and investors who provide the means for entrepreneurs to put their ideas into action. As successful enterprises emerge, competition for qualified labor increases.
Wez
DA
Thanks for the non-sequiter cut and paste, my comment stands.
Bruddah IZ
DA
Wez
DA
Exactly, you don't even know what you're responding to.
Bruddah IZ
DA
Bruddah IZ
DA
Of Course the Alt-Right Is Against Capitalism
If any tribe seeks to control the market, they will have to abolish it first.
https://fee.org/articles/of-course-the-alt-right-is-against-capitalism/
In the much-truncated and cartoonish remake in the presidential election of 2016, many observers noted the odd way in which it was difficult to distinguish the platforms of Bernie Sanders and Donald Trump: anti-trade, pro-"worker", promising universal health coverage, and generally railing against globalism and capitalist financial power. That they hated each other was not a surprise. This fits the narrative of history in which political tribes save their most vituperative attacks for those closest to them in outlook.
(Fortunately for the American people, the winner of that election has come to discover that deregulation and tax cuts are more popular among the public than protectionism and executive centralization.)
The alt-right’s turn toward overt anti-capitalism is neither surprising nor new nor counterintuitive. It doesn’t just stem from anti-Semitism, even if that is a seemingly inevitable part of it. Collectivism of all sorts and every form stands opposed to economic liberty. Just give it time: all types of collectivism end up sounding more or less like each other.
If any tribe seeks to control the market, they will have to abolish it first.
https://fee.org/articles/of-course-the-alt-right-is-against-capitalism/
In the much-truncated and cartoonish remake in the presidential election of 2016, many observers noted the odd way in which it was difficult to distinguish the platforms of Bernie Sanders and Donald Trump: anti-trade, pro-"worker", promising universal health coverage, and generally railing against globalism and capitalist financial power. That they hated each other was not a surprise. This fits the narrative of history in which political tribes save their most vituperative attacks for those closest to them in outlook.
(Fortunately for the American people, the winner of that election has come to discover that deregulation and tax cuts are more popular among the public than protectionism and executive centralization.)
The alt-right’s turn toward overt anti-capitalism is neither surprising nor new nor counterintuitive. It doesn’t just stem from anti-Semitism, even if that is a seemingly inevitable part of it. Collectivism of all sorts and every form stands opposed to economic liberty. Just give it time: all types of collectivism end up sounding more or less like each other.
Wez
DA
Don't project your confusion to others. You're the one who responded and had no idea what you responded to.
Bruddah IZ
DA
Wez
DA
Show me.