Essential Economics for Politicians
- Thread starter Bruddah IZ
- Start date
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- finance too
Oh he’s not leaving office. Just nobody listening to him anymore except at the WWE rallies he holds. And judges frequently surprise when they’re on the bench. The Chief Justice has already let us know that...twice, actually.
As far as the country being “on top,” I don’t even know wtf you mean.
America is prevailing over Trump.
Bruddah IZ
DA
How many votes?
Sheriff Joe
DA
You know what I mean.
Bruddah IZ
DA
Heʻs back in the simulator again.
If the country felt like it was “on top,” he’d be popular. Quite the opposite is true.
Is your head in the sand or is it up your ass?
I knew you especially would love that one - tariffs being used to pay subsidies. All thanks to your almighty hero Don the Con. Fortuanaly Donny has a much better understanding of Economics than you.
Sheriff Joe
DA
He sure spends a good amount of time in there.
You’re right. I don’t think they understand this stuff. We know Iz doesn’t.
Hey Iz, is your name on a real property deed anywhere (I assume not) and, if so, do you pay a mortgage?
Also, does most of your income come via checks from the Federal Government?
Remember, these aren’t tough questions. Simple “yes” or “no” answers work best.
It's very simple really - some Americans (the importers and their customers) will pay taxes known as tariffs on goods imported from China or wherever. Part of that tariff income will be used to pay subsidies or support payments to Americans who need the money because China or wherever is not buying the goods they used to export.
Hmmm -- Americans who have the money paying taxes to support Americans who need the money. Sounds like socialism.
Bruddah IZ
DA
Iʻd say he understands you cowards better.
Bruddah IZ
DA
Obviously not.
So your landlord has the asset and you pay for it, so the landlord gets the income and the equity, but you pay for it.
And your rent is not deductible (except any portion you may use for "business").
Nice work!
Bruddah IZ
DA
Sounds like eminent domain
Bruddah IZ
DA
You said there are few things worse than being a landlord.
Bruddah IZ
DA
Ask Fries uncle what izzy knows.
Bruddah IZ
DA
Slow learner.
3 myths about the poor that Republicans are using to support slashing US safety net
Most welfare recipients are makers not takers
The first myth, that people who receive public benefits are “takers” rather than “makers,” is flatly untrue for the vast majority of working-age recipients.
In early December, House Speaker Paul Ryan said, “We have a welfare system that’s trapping people in poverty and effectively paying people not to work.”
Not true. Welfare – officially called Temporary Assistance to Needy Families – has required work as a condition of eligibility since then-President Bill Clinton signed welfare reform into law in 1996. And the earned income tax credit, a tax credit for low- and moderate-income workers, by definition, supports only people who work.
Workers apply for public benefits because they need assistance to make ends meet. American workers are among the most productive in the world, but over the last 40 years the bottom half of income earners have seen no income growth. As a result, since 1973, worker productivity has grown almost six times faster than wages.
What the needy deserve
The second myth is that low-income Americans do not deserve a helping hand.
This idea derives from our belief that the U.S. is a meritocracy where the most deserving rise to the top. Yet where a person ends up on the income ladder is tied to where they started out.
Indeed, America is not nearly as socially mobile as we like to think. Forty percent of Americans born into the bottom-income quintile – the poorest 20 percent – will stay there. And the same “stickiness” exists in the top quintile.
As for people born into the middle class, only 20 percent will ascend to the top quintile in their lifetimes.
The third myth is that government assistance is a waste of money and doesn’t accomplish its goals.
In fact, poverty rates would double without the safety net, to say nothing of human suffering. Last year, the safety net lifted 38 million people, including 8 million children, out of poverty.
The facts of welfare
In trotting out these myths, Republican lawmakers are also tapping into long-standing racist stereotypes about who receives support. For instance, the “welfare queen” – a code word for an African-American woman with too many children who refuses to work – is a fiction.
The facts of welfare are that most recipients are white, families that receive aid are smaller on average than other families and the program requires recipients to work and is tiny in relation to the overall federal budget – about half a percent. Yet, the welfare queen is an archetype invoked to generate public antagonism against the safety net. Expect her to make frequent appearances in the months to come.
Americans should demand fact-based justifications for tax and entitlement reforms. It is time to retire the welfare queen and related tropes that paint needy Americans as undeserving.
http://theconversation.com/3-myths-...using-to-support-slashing-us-safety-net-89048
Most welfare recipients are makers not takers
The first myth, that people who receive public benefits are “takers” rather than “makers,” is flatly untrue for the vast majority of working-age recipients.
In early December, House Speaker Paul Ryan said, “We have a welfare system that’s trapping people in poverty and effectively paying people not to work.”
Not true. Welfare – officially called Temporary Assistance to Needy Families – has required work as a condition of eligibility since then-President Bill Clinton signed welfare reform into law in 1996. And the earned income tax credit, a tax credit for low- and moderate-income workers, by definition, supports only people who work.
Workers apply for public benefits because they need assistance to make ends meet. American workers are among the most productive in the world, but over the last 40 years the bottom half of income earners have seen no income growth. As a result, since 1973, worker productivity has grown almost six times faster than wages.
What the needy deserve
The second myth is that low-income Americans do not deserve a helping hand.
This idea derives from our belief that the U.S. is a meritocracy where the most deserving rise to the top. Yet where a person ends up on the income ladder is tied to where they started out.
Indeed, America is not nearly as socially mobile as we like to think. Forty percent of Americans born into the bottom-income quintile – the poorest 20 percent – will stay there. And the same “stickiness” exists in the top quintile.
As for people born into the middle class, only 20 percent will ascend to the top quintile in their lifetimes.
The third myth is that government assistance is a waste of money and doesn’t accomplish its goals.
In fact, poverty rates would double without the safety net, to say nothing of human suffering. Last year, the safety net lifted 38 million people, including 8 million children, out of poverty.
The facts of welfare
In trotting out these myths, Republican lawmakers are also tapping into long-standing racist stereotypes about who receives support. For instance, the “welfare queen” – a code word for an African-American woman with too many children who refuses to work – is a fiction.
The facts of welfare are that most recipients are white, families that receive aid are smaller on average than other families and the program requires recipients to work and is tiny in relation to the overall federal budget – about half a percent. Yet, the welfare queen is an archetype invoked to generate public antagonism against the safety net. Expect her to make frequent appearances in the months to come.
Americans should demand fact-based justifications for tax and entitlement reforms. It is time to retire the welfare queen and related tropes that paint needy Americans as undeserving.
http://theconversation.com/3-myths-...using-to-support-slashing-us-safety-net-89048