Page 26 of 34 FirstFirst ... 16171819202122232425262728293031323334 LastLast
Results 501 to 520 of 663

Thread: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

  1. #501
    Kichizapi Chetan
    Join Date
    Aug 1999
    Location
    Engelstad Arena
    Posts
    12,240

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    I believe people with more money spend it and it does good things for the whole economy.
    I believe people with their money make better spending decisions, including charity and goodwill, than government would with it. Why? Less overhead for one.
    I believe we're ignoring one entire side of the governmental budget equation, namely, spending.

    We'll never tax our way to prosperity (hasn't ever been done), and especially so when we can't stop spending* like sailors on shore leave.


    *Politicians have to keep getting re-elected so it won't change.
    The preceding post may contain trigger words and is not safe-space approved.

    North Dakota Hockey:

  2. #502
    unofan's Avatar
    Join Date
    Jul 1999
    Location
    Omaha, NE, USA
    Posts
    18,004
    It boggles my mind that you don't see the inherent contradiction between

    Quote Originally Posted by The Sicatoka View Post
    I believe people with more money spend it and it does good things for the whole economy.
    With this

    I believe we're ignoring one entire side of the governmental budget equation, namely, spending.
    We need to spend because it helps the economy. But the government needs to stop spending. Durrr.

    Less overhead for one.
    Not remotely true.


    We'll never tax our way to prosperity (hasn't ever been done), and especially so when we can't stop spending* like sailors on shore leave.
    Funny how plenty of other places have, how the higher taxed states have relative to low tax states, and how this country used to do just 60-75 years ago.

  3. #503
    Registered User
    Join Date
    Jun 2010
    Posts
    1,765

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    That and this idea that the private sector and the average person is somehow that much more competent/efficient than government which has no basis in reality. Also the idea that people in the 1% spend the same percentage of their income/wealth as the average person is clearly false.

  4. #504
    there's a good buck in that racket.
    Join Date
    Feb 2005
    Posts
    36,867
    Quote Originally Posted by trixR4kids View Post
    Also the idea that people in the 1% spend the same percentage of their income/wealth as the average person is clearly false.
    Mookie has never seen that assumption before 1 minute ago right here written by you

  5. #505
    there's a good buck in that racket.
    Join Date
    Feb 2005
    Posts
    36,867
    Quote Originally Posted by unofan View Post

    Not remotely true.
    so you REALLY carry more overhead than the government? Honest and for true???

  6. #506
    unofan's Avatar
    Join Date
    Jul 1999
    Location
    Omaha, NE, USA
    Posts
    18,004
    Quote Originally Posted by mookie1995 View Post
    so you REALLY carry more overhead than the government? Honest and for true???
    Social security has an overall overhead of 2%. If you limit it to just retirement, it's less than 1%.

    Show me a private financial planner with 1% overhead.

  7. #507
    there's a good buck in that racket.
    Join Date
    Feb 2005
    Posts
    36,867
    Quote Originally Posted by unofan View Post
    Social security has an overall overhead of 2%. If you limit it to just retirement, it's less than 1%.

    Show me a private financial planner with 1% overhead.
    Social security has no money. This isnít Norway.

    Letís stick with reality please

  8. #508
    They ignore ridicule & fight; I win
    Join Date
    Oct 2008
    Posts
    41,990

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    Quote Originally Posted by The Sicatoka View Post
    I believe people with more money spend it and it does good things for the whole economy.
    I believe people with their money make better spending decisions, including charity and goodwill, than government would with it. Why? Less overhead for one.
    I believe we're ignoring one entire side of the governmental budget equation, namely, spending.

    We'll never tax our way to prosperity (hasn't ever been done), and especially so when we can't stop spending* like sailors on shore leave.


    *Politicians have to keep getting re-elected so it won't change.
    The spending decisions really depends on what you're trying to do with it. If you're spending to make yourself happy, then at least at the time of purchase, the decision is 100% popular. Once you start having to take into account the opinions of other, the popularity becomes much more diluted. I don't think there's going to be a single decision that will please 300 million people.

    Also, I don't think we're ignoring spending so much as considering what should be on the table. Democrats don't want to put Social Security, Medicare, and other social programs on the table, as is evidenced by a 2015 graph set on "mandatory" vs. "discretionary" spending. MIC doesn't want to put defense spending on the table, for obvious reasons. I say put it all on the table with exception to anything that's in the Constitution, which includes the repayment of creditors.
    It was an honor to present your colors, RPI. Let's Go 'TUTE!
    May 14th, 2011, 11:00 PM ET: 2147483647

    Quote Originally Posted by Rover View Post
    I'm not happy about it either, but Flag is correct (cue the Twilight Zone music!).
    Quote Originally Posted by French Rage View Post
    Ahh crap I agree exactly with what FlagDude said.
    Quote Originally Posted by jericho on rpitv's chat
    I never thought I would say this, but you are right.
    Quote Originally Posted by Handyman View Post
    And yet, even if Flaggy is complete tinfoil hat, every day it looks closer and closer to the truth.
    Quote Originally Posted by burd View Post
    So flaggy: you win.

  9. #509
    Registered User
    Join Date
    Jun 2010
    Posts
    1,765

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    Quote Originally Posted by mookie1995 View Post
    Mookie has never seen that assumption before 1 minute ago right here written by you
    Well it depends how Mookie interprets this

    I believe people with more money spend it and it does good things for the whole economy.
    When three people who have 50% of the nation's wealth save at rate much higher than the average person it's not hard to understand why this is a problem in an economy where 70% of GDP comes from consumer spending.
    Last edited by trixR4kids; 11-09-2017 at 03:35 PM.

  10. #510
    They ignore ridicule & fight; I win
    Join Date
    Oct 2008
    Posts
    41,990

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    Quote Originally Posted by trixR4kids View Post
    When three people who have 50% of the nation's wealth save at rate much higher than the average person it's not hard to understand why this is a problem in an economy where 70% of GDP comes from consumer spending.
    How would you spend, on average, 10 million per week?
    It was an honor to present your colors, RPI. Let's Go 'TUTE!
    May 14th, 2011, 11:00 PM ET: 2147483647

    Quote Originally Posted by Rover View Post
    I'm not happy about it either, but Flag is correct (cue the Twilight Zone music!).
    Quote Originally Posted by French Rage View Post
    Ahh crap I agree exactly with what FlagDude said.
    Quote Originally Posted by jericho on rpitv's chat
    I never thought I would say this, but you are right.
    Quote Originally Posted by Handyman View Post
    And yet, even if Flaggy is complete tinfoil hat, every day it looks closer and closer to the truth.
    Quote Originally Posted by burd View Post
    So flaggy: you win.

  11. #511
    I'm the Problem ScoobyDoo's Avatar
    Join Date
    Sep 2001
    Location
    The 9th Circle
    Posts
    64,068

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    Quote Originally Posted by mookie1995 View Post
    Social security has no money. This isnít Norway.

    Letís stick with reality please
    Social Security has GOBS of money. Where do you think all the money for all the wars came from?
    Originally Posted by dropthatpuck-Scooby's a lost cause.
    Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

    Glass at 0%: Another First Round Exit.

  12. #512
    Registered User
    Join Date
    Jun 2010
    Posts
    1,765

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    Quote Originally Posted by FlagDUDE08 View Post
    How would you spend, on average, 10 million per week?
    You wouldn't that's the point.

  13. #513
    unofan's Avatar
    Join Date
    Jul 1999
    Location
    Omaha, NE, USA
    Posts
    18,004
    Quote Originally Posted by mookie1995 View Post
    Social security has no money. This isnít Norway.

    Letís stick with reality please
    Social security has plenty of money and is relatively easy to fix. It's Medicare that is going to be hard.

  14. #514
    I'm the Problem ScoobyDoo's Avatar
    Join Date
    Sep 2001
    Location
    The 9th Circle
    Posts
    64,068

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    Quote Originally Posted by unofan View Post
    Social security has plenty of money and is relatively easy to fix. It's Medicare that is going to be hard.
    Medicare is easy too. Just raise the tax.
    Originally Posted by dropthatpuck-Scooby's a lost cause.
    Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

    Glass at 0%: Another First Round Exit.

  15. #515
    Kichizapi Chetan
    Join Date
    Aug 1999
    Location
    Engelstad Arena
    Posts
    12,240

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    Quote Originally Posted by trixR4kids View Post
    ... in an economy where 70% of GDP comes from consumer spending.
    Is that part of our overall problem? How do we solve that (if it is a problem)?
    The preceding post may contain trigger words and is not safe-space approved.

    North Dakota Hockey:

  16. #516
    Kichizapi Chetan
    Join Date
    Aug 1999
    Location
    Engelstad Arena
    Posts
    12,240

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    Quote Originally Posted by FlagDUDE08 View Post
    How would you spend, on average, 10 million per week?
    Easy.
    The preceding post may contain trigger words and is not safe-space approved.

    North Dakota Hockey:

  17. #517
    unofan's Avatar
    Join Date
    Jul 1999
    Location
    Omaha, NE, USA
    Posts
    18,004
    Quote Originally Posted by The Sicatoka View Post
    Is that part of our overall problem? How do we solve that (if it is a problem)?
    You're the one who espouses libertarian tendencies. It's kind of rich for you to even ask if all that private spending is bad.

    Surely you're not asking for a larger share of government spending?

  18. #518
    Kichizapi Chetan
    Join Date
    Aug 1999
    Location
    Engelstad Arena
    Posts
    12,240

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    Quote Originally Posted by unofan View Post
    You're the one who espouses libertarian tendencies. It's kind of rich for you to even ask if all that private spending is bad.

    Surely you're not asking for a larger share of government spending?
    OK, I did a poor job of asking the question.

    So much consumer spending is on service based things and not "making stuff" (which tends to be better paying jobs). We've become a service economy, not a manufacturing economy.

    How can we fix that.
    The preceding post may contain trigger words and is not safe-space approved.

    North Dakota Hockey:

  19. #519
    unofan's Avatar
    Join Date
    Jul 1999
    Location
    Omaha, NE, USA
    Posts
    18,004
    Quote Originally Posted by The Sicatoka View Post
    OK, I did a poor job of asking the question.

    So much consumer spending is on service based things and not "making stuff" (which tends to be better paying jobs). We've become a service economy, not a manufacturing economy.

    How can we fix that.
    We're not going to. As robots make more and more of our stuff (remember, gross manufacturing output is as high as ever in this country, it just takes fewer people to do it) humans will be left with primarily service and entertainment jobs. That's not a bad thing in the aggregate, but it will require a fundamental restructuring of our entire way of thinking about things.

  20. #520
    Registered User
    Join Date
    Jun 2010
    Posts
    1,765

    Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

    I also like how ďmaking thingsĒ doesnít include food in a lot of peopleís minds and people who work in that industry are very much underpaid compared to other blue collar jobs generally speaking.

Thread Information

Users Browsing this Thread

There are currently 3 users browsing this thread. (0 members and 3 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •