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Title: Finally, A Rich American Destroys The Fiction That Rich People Create The Jobs
Source:
Daily Ticker
URL Source: http://finance.yahoo.com/blogs/dail ... h-people-create-152949393.html
Published: Dec 15, 2011
Author: Henry Blodget
Post Date: 2011-12-17 22:19:37 by lucysmom
Keywords: None
Views: 33009
Comments: 64
In the war of rhetoric that has developed in Washington as both sides blame each other for our economic mess, one argument has been repeated so often that many people now regard it as fact: Rich people create the jobs. Specifically, entrepreneurs and investors, when incented by low taxes, build companies and create millions of jobs. And these entrepreneurs and investors, therefore, the argument goes, can solve our nation's huge unemployment problem — if only we cut taxes and regulations so they can be incented to build more companies and create more jobs. In other words, by even considering raising taxes on "the 1%," we are considering destroying the very mechanism that makes our economy the strongest and biggest in the world: The incentive for entrepreneurs and investors to build companies in the hope of getting rich and, in the process, creating millions of jobs. Now, there have long been many problems with this argument starting with 1. Taxes on rich people (capital gains and income) are, relative to history, low, so raising them would only begin to bring them back in line with prior prosperous periods, and 2. Dozens of rich entrepreneurs have already gone on record confirming that a modest hike in capital gains and income taxes would not have the slightest impact on their desire to create companies and jobs, given that tax rates are historically low.
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#1. To: lucysmom (#0)
Rich people create the jobs. Quick how many jobs has Bill Gates created?
ping
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
ping So tell Hobama to quit taking money out of the economy for his schemes.
How many jobs would Gates have created if only the upper one percent could afford to buy computers? How would tax cuts for the wealthy improve demand for Gates products?
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
Not just Bill Gates but lots of others would benefit. First off your premise is wrong. Who the hell are you to decide that someone who earns their money should have it taken away. First it isn't a tax cut. It is a reduction in money stole. If people have more money. They have more money to spend. They can start a business if they want. That would stimulate the market. But maybe they just want to save their money they earned. So again who the hell are you to take it away?
Tell me why people who benefit most from our system of government shouldn't pay the most to support it.
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
They do pay the most. If someone benefits 10 times as much they should pay 10 times the taxes. That is why a flat rate is fair and just. Also right now it isn't "benefit most from our system" it is benefit "in spite of our system".
If you're talking about taxes, then Obama ain't taking or spending all by himself - that's number one. 2. The government puts back into the economy everything it takes out - unless, of course, the wealthy get more tax cuts and hoard their windfall (kind of like cash bloated corporations buying back their own stock).
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
After the deadbeats in washington that aren't needed take x percent to sit on their asses and tell us what to do and how to live. Or build robots to murder us. The fourth best president ever said he can kill us.
Yeah his demoncrat asshole friends are helping him, along with some Republicans.
OK. Obama start arresting the BANKSTERS....;} #2. To: nolu chan (#1) Dec. 16 (Bloomberg) — The son of Libya’s top general, Khalifa Hiftar, has been kidnapped and is being held by a militia at Tripoli International Airport, the general said today. Belgassim Hiftar, 30, was kidnapped as he drove to visit his brother Saddam, who was in a Tripoli hospital after being wounded by gunfire yesterday, said his father. “My son is kidnapped, he is being held at the airport,” the general said, speaking to reporters in his fortified compound in southern Tripoli. “We have been making phone calls with them this evening, I don’t know what they want.” The alleged kidnapping comes on the eve of a visit to Libya by Defense Secretary Leon Panetta, who said in Turkey today that the U.S. must give Libya more time to gain control of its militias. http://www.businessweek.com/news/2011-12-17/libya-s-top-general-says-son-abducted-by-militia-in-capital.html This is far from over. Note Yemen, Egypt, Bahrain....the USSA MENA is imploding. The Retreat from IRaq foreshadows exactly like the Retreat from VietNam.
Published: December 18th, 2011 at 06:20 AM EDT | Email Article Email Article By Enenews Admin 9 comments LA Times: People just learning that gov’t may be telling fairy tale, says Japan broadcaster — Radiation levels around Fukushima were “almost beyond calculation” — Chernobyl reporters never saw anything like it
1. Taxes on rich people (capital gains and income) are, relative to history, low, so raising them would only begin to bring them back in line with prior prosperous periods, and 2. Dozens of rich entrepreneurs have already gone on record confirming that a modest hike in capital gains and income taxes would not have the slightest impact on their desire to create companies and jobs, given that tax rates are historically low. Sounds to me like they aren't looking at the real picture, just through political ideological rose colored glasses!!!! So why then are very few businesses hiring people or expanding????? A). American workers paid too much and get too many benefits???? (Even though you can get some American made products for less than foreign made products).... (So do you think they pay a form of SS, Medicare and Medicaid taxes on the foreign workers)????? B). Businesses make more money by manufacturing overseas and hiding money there because of high tax rates here????? C). Manufacturing products overseas because regulations are less there meaning more bottom line profits????? (I.E. Leftard Environmental wacko EPA regulations)...... D). Foreign workers are just so much better than ours, more productive???? (At least they want to work)!!!!! LOL.... (So do you think they pay a form of SS, Medicare and Medicaid taxes on the foreign workers)????? E). ObozoCare???? (I.E. more taxes).... F). Sitting on their money (paying less taxes) and waiting out fall of current idiotic Marxist/Democrat regime???? (just to "PROVE" to them they are full of schitt).... G). Can't get permits from current corrupt Leftard regime without bribing them with Campaign contributions???? (Another form of taxation)..... H).Or........ Some are in bed with the Leftards because they think there is a huge payday coming for them when country is ruined???? Well??????????????????????????? Make a choice or two......
"CHANGE" you can step in..... Have you suggested to your employer that he should reduce your benefits and pay for the good of the US economy? (So do you think they pay a form of SS, Medicare and Medicaid taxes on the foreign workers)????? China Taxation of Employees * An employer is obligated to deduct tax at source on a monthly basis from a salaried employee and to make additional contributions to social security. Top tax rate for individuals is 45% for incomes over ¥100,000. Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
By Monday evening, nearly 500 flights out of Beijing had been cancelled or delayed due to weather, according to the Beijing International Airport. Monday’s weather in Beijing was cloudy with a light snow and pollution readings described as “hazardous” by the US embassy’s pollution monitoring system. Pollution has been a growing concern for China, which is home to 21 of the world’s 100 most polluted cities, as environmental degradation inflicts an ever higher economic and social cost. This year has been marked by a series of protests over pollution concerns, the largest of which in Dalian attracted more than 10,000 people. snip Environmentalist Ma Jun says that the public has become increasingly sceptical of the official data. “In Beijing and most other cities, the official data shows an increasing number of blue sky days. But to the ordinary people, the residents, they feel differently, because they cannot see the mountains or even the buildings during the blue sky days,” he says. The health costs of China’s air pollution are also high. A 2007 study by the World Bank found that in China 350,000 people die prematurely each year from exposure to outdoor air pollution, with a further 300,000 premature deaths caused by indoor air pollution. www.ft.com/cms/s/0/9fb2f7...eabdc0.html#axzz1guUatMzr Killing off your employees and customers doesn't seem like a sound business plan to me.
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
Corruption in China Background China’s substantial corruption challenges are deeply rooted in cultural traditions as well as the country’s complex transitory conditions. Further, corruption is increasingly growing in significance as a political issue in China, and in an international context, China’s corruption problems have attracted extensive attention. According to the World Bank/IFC Enterprise Survey (www.business-anti- corruption.com/normal.asp?pageid=233), companies are considering corruption to be number 6 among the top 10 major constraints for investment in China. Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
This implies that the only way someone can make money is through the "generosity" of the government, and that people can't make it without government. It's a typical mistake of socialist parasites- they think that because they're sucking off the system, everyone else must be, too. The reality is that most successful businessmen (and women) succeed, not because of the government, but despite it. They succeed in the face of outrageously prohibitive regulations, insane labor laws, crippling taxation rates and the whims of local bureaucrats who have nothing better to do than steal from anyone with more than two nickels to rub together. When businesses DO succeed, they hire more people, spend more on procuring supplies and local services, and in the aggregate, add more to the local economy. Contrast this with any government "services," which are delivered at a net loss, by their very nature. Thus, your question is based on false logic, and therefore fatally flawed. Of course, if you knew diddly-shit about economics, you'd recognize the stupidity of your question.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Demonstrably false. But rather than go into graphs and explanations, I'll simply quote from the HIDDEN COSTS OF GOVERNMENT SPENDING, by Jim Saxton (R-NJ), Chairman of the Joint Economic Committee, United States Congress, December 2001: III. THE DEADWEIGHT LOSS OF TAXES An explanation of the deadweight loss. The deadweight loss of a tax is a measure of the value that consumers and producers of a good lose from the imposition of the tax. Because of deadweight losses, the taxpayers’ losses exceed the government’s gain. Comparing a good without tax to the same good when the government imposes a tax, the tax operates as a wedge between the price consumers pay and the price producers receive. The government collects the wedge. Besides generating revenue, though, the wedge changes how consumers and producers behave. Let us use a hypothetical example to illustrate. Suppose the good being taxed is gasoline, and before the tax is imposed, gasoline sells for $1.00 a gallon at the pump. Consumers and producers each receive a kind of benefit from the price being where it is. Consumers receive what economists call consumer surplus because the price of gasoline is lower than what some consumers would be willing to pay. A consumer who would be willing to pay as much as $1.20 a gallon, for instance, enjoys 20 cents a gallon in consumer surplus from the price being $1.20 a gallon. Similarly, a producer that is efficient enough to be able to produce gasoline at 80 cents a gallon enjoys 20 cents a gallon in what economists call producer surplus from the price being $1.00 a gallon. (Producer surplus is different from profit. Profit accrues to the owners of a business, while producer surplus includes the net gains of everyone who helped produce the good, including employees.) Now suppose there is a tax of 40 cents a gallon (roughly what combined state and federal taxes for gasoline are, on average). With the tax, the price of a gallon of gasoline rises to, say, $1.20. Why doesn’t it rise to $1.40? Typically, in the short run producers cannot simply pass along the full amount of a tax to consumers because the higher price leads consumers to buy less of the good. High-cost producers have to cut back production or even go out of business. Lower-cost producers stay in business. Where consumers are highly sensitive to changes in the price of a good (or, as economists say, when their demand is highly elastic), the price consumers pay may rise only a little, or in the extreme case, not at all. Accordingly, people sometimes claim that in such cases producers rather than consumers bear the burden of the tax. In the final analysis, though, somebody somewhere bears the burden in his role as a consumer. If gasoline refiners have to lay off workers because a tax reduces demand for gasoline, those workers have less ability to consume. With the tax, gasoline now costs $1.20 gallon, but gasoline stations only receive 80 cents a gallon in revenue for themselves. The 40-cent wedge that the gasoline tax imposes means that some buying and selling that went on before the tax now ceases. Consider what would happen if the tax did not exist. There are some consumers who would be willing to pay 90 cents, $1.00, $1.10, or even $1.19 for an extra gallon of gasoline, but do not buy the extra gallon because at $1.20 a gallon they consider it too expensive. On the other hand, there are some gasoline stations that would be willing to sell gasoline at $1.10, $1.00, 90 cents, or even 81 cents a gallon without the tax, but do not, because at 80 cents a gallon in revenue the price is too low for them. Hence the demand for gasoline falls. Lower demand for gasoline means lower demand for workers who explore for oil, pump it out of the ground, refine it into gasoline, transport the gasoline, and sell it to motorists. The tax reduces economic activity. The other side of the imposition of the tax is that consumer surplus and producer surplus fall. Consumer surplus falls 20 cents a gallon, and for those consumers who formerly enjoyed 1 to 20 cents a gallon in consumer surplus, the surplus disappears. Producer surplus also falls 20 cents a gallon, and for those producers that formerly enjoyed 1 to 20 cents a gallon in producer surplus, the surplus disappears. (Note that in this example producers and consumers alike lost 20 cents a gallon in surplus, but taxes need not always affect producer and consumer surplus equally.) ...Types of deadweight loss. What specifically are the types of deadweight loss involved in taxes? Substitution into less desirable options. If fishing poles are subject to a special tax (as they are under current federal law9), people who do not want to pay the tax can avoid it by making their own poles out of sticks. However, most fishermen prefer store-bought poles, so they lose some degree of satisfaction by using a home-made pole instead. Reduction of overall economic activity. By driving a wedge between the price consumers pay and the price producers receive, taxes discourage some transactions that would otherwise occur. Rather than accept a less desirable substitute, some people may buy or do nothing at all. For example, a few people may be so attached to fishing with a store-bought pole that they will accept no substitute if a tax makes the price higher than they wish to pay. As a result, fishing pole makers sell fewer poles than before, so they hire fewer employees than they would otherwise have." Thanks for playing!!! 8^)
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Your, and your ilk's, IGNORANCE is EPIC and INVINCIBLE you gibbering statist skank! The TOTAL of ALL of Mere HUMAN HISTORY puts the lie to this absurd socialist statist drivel. You idiots are INSANE.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
No, that's not what it implies. It's a typical mistake of socialist parasites- they think that because they're sucking off the system, everyone else must be, too. Libertarians would see it that way, however that doesn't make it true. The reality is that most successful businessmen (and women) succeed, not because of the government, but despite it. They succeed in the face of outrageously prohibitive regulations, insane labor laws, crippling taxation rates and the whims of local bureaucrats who have nothing better to do than steal from anyone with more than two nickels to rub together. When businesses DO succeed, they hire more people, spend more on procuring supplies and local services, and in the aggregate, add more to the local economy. Contrast this with any government "services," which are delivered at a net loss, by their very nature. Somalia produced neither Steve Jobs, nor Bill Gates. Somalia hasn't even turned out a Rupert Murdoch. Thus, your question is based on false logic, and therefore fatally flawed. There is no "thus" about it, your response is itself faulty and illogical. Of course, if you knew diddly-shit about economics, you'd recognize the stupidity of your question. Too bad human behavior doesn't conform to your economic theory. Time to go back to the drawing board.
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
"Being first is more important to me. I have so much money. Whatever money is, it's just a method of keeping score now. I mean, I certainly don't need more money." – Larry Ellison Funny - no mention of taxes in the above. Maybe you're playing the wrong game.
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
You don't even know what the game is. You're so far behind the curve, you actually think you're in the lead. LOL.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Here's an example of money that does not go back into the economy... www.treasurydirect.gov/govt/reports/ir/ir_expense.htm Interest Expense on the Debt Outstanding 2011 $454,393,280,417.03 2010 $413,954,825,362.17 2009 $383,071,060,815.42 2008 $451,154,049,950.63 2007 $429,977,998,108.20 2006 $405,872,109,315.83 2005 $352,350,252,507.90 2004 $321,566,323,971.29 2003 $318,148,529,151.51 2002 $332,536,958,599.42 2001 $359,507,635,242.41 2000 $361,997,734,302.36 1999 $353,511,471,722.87 1998 $363,823,722,920.26 1997 $355,795,834,214.66 1996 $343,955,076,695.15 1995 $332,413,555,030.62 1994 $296,277,764,246.26 1993 $292,502,219,484.25 1992 $292,361,073,070.74 1991 $286,021,921,181.04 1990 $264,852,544,615.90 1989 $240,863,231,535.71 1988 $214,145,028,847.73
Your level of ignorance is... stunning. You TRULY think you've got a handle on things... and the truth is, you're utterly clueless. ((((shaking head in amazement))))
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- ... and the truth is, you're utterly clueless. ((((shaking head in amazement)))) Well, of course I don't think so - but then I am smart enough to know that the above is not an argument.
Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules. Mary Elizabeth Lease, 1890
Who are the largest holders of US Debt? US Economy by Hitesh Anand inShare Most of the US debt is held by the US citizens only. Foreign holdings of US debt is only 30% of the total debt. China and Japan combine holdings is 50% of all foreign holdings which means 15% of total US debt is held by US. Here are the some of the largest holders of US debt: 1. Social Security Trust Fund Holds total of $2.67 trillion debt which is 19% of the total debt. The Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds invest exclusively in special issue bonds that are only available to the Social Security trust fund. These are not publicly traded securities, but they still constitute a huge amount of debt. 2. The Federal Reserve Holds total of $1.63 trillion of treasuries which is 11.3% of the total debt. The Treasury owes the Fed $1.63 trillion in Treasuries, much of which were bought for the Quantitative Easing programs. 3. China Holds $1.6 trillion of treasuries which is 8% of total debt. China is the highest holder of US debt among the foreign buyers. 4. US Households Holds total of $959.4 Billion of treasuries which is 6.6% of the total US debt. Household sector includes Hedge funds too, so no surprise that the percentage holdings are high. 5. Japan Holds $ 912.4 Billion of treasuries which is 6.4% of total US debt. Japan happens to be the second highest holder of the US debt among the foreign holders. 6. State and Local Governments Holds $506.1 Billion of US treasuries which is 3.5% of the total debt of the US. 7. Private Pension Funds Holds $504.7 billion of US treasuries which is almost 3.5% of total debt. 8. United Kingdom Holds $346.5 Billion of US treasuries which is 2.4% of total debt UK is the third largest holder of US debt among foreign debt holders. 9. Money Market Mutual Funds Holds $337.7 billions of US treasuries which is 2.4% of total debt. 10. State, Local and Federal retirement funds Holds $320.9 Billion of US treasuries which is 2.2% of total debt. There are other holders of US treasuries including Commercial Banks, Mutual Funds, Oil Exporting companies, Brazil, Caribbean banking Centers, Hong Kong.
1. Social Security Trust Fund Holds total of $2.67 trillion debt which is 19% of the total debt. The Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds invest exclusively in special issue bonds that are only available to the Social Security trust fund. These are not publicly traded securities, but they still constitute a huge amount of debt. 2. The Federal Reserve Holds total of $1.63 trillion of treasuries which is 11.3% of the total debt. The Treasury owes the Fed $1.63 trillion in Treasuries, much of which were bought for the Quantitative Easing programs. Isn't your reference saying that roughly 1/3 of US federal ($4.3 TRILLION) debt is held by charlatan/shyster accounting tricks? How on Earth does the US government pay a dime on any of this debt (of course there are interest charges paid in full each year, courtesy of the US citizenry) unless the government taxes the US citizenry to death to pay back that same debt? Otherwise, the government just goes belly up and does not honour its legal responsibilities, correct?
Do you actually think the Chinese care????? They have way too many people in their country and they know it..... Things will come to a head one of these days and it won't be pretty..... It seems to me that I read an article a while back saying China has to create about 15-20 million jobs per year to keep up with population growth..... (and they are falling way behind).... And I've also heard that they are restricting movement within the country to keep everbody from moving into the cities because that seems to be where most of the jobs currently are....... Must be fun living under a Communist regime being told you can't look for a job in the city because you aren't one of the chosen ones....... Wonder how long it will be before that starts happening here????? (Since some think Capitalism sucks so bad)!!!!
"CHANGE" you can step in..... I was being facetious with that one......
"CHANGE" you can step in..... Right around $16,000 per year, that's way below the poverty line here..... Boy would you see the rioting begin if poor people here had to pay that much in taxes.... No more cell phones, big screen TV's, Cadillacs.........
"CHANGE" you can step in..... Hey STUPID why do you think that Fed monetary policy has DEVALUED the Dollar for the last few DECADES? Hey STUPID the Feds have said that the ONLY way out of this debt hole is INFLATION. INFLATION MASSIVE INFLATION CRUSHING INFLATION Do you even hear the printing presses going 24/7/365 STUPID? INFLATION
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Citation required,little dawgie. Now, go fetch!
Hey, you're the guy that seems to think we should do things like the Chinese in order to be competitive.
Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1
Wouldn't be anything compared to asking the American top 1% to pay 45% in taxes would it.
Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1
Piss off you worthless POS. Do your own legwork. Now shove it up your worthless cowardly foul vent.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
You are a mean, ol' nasty, slobbering mange & rabies ridden mutt. Now, roll over
.... I have a treat for you.....
Where did I mention the Chinese????
"CHANGE" you can step in..... Wouldn't be anything compared to asking the American top 1% to pay 45% in taxes would it. You know I still haven't figured out why some people are so hung up on taxing people to death (and calling it fair)...... when the real problem is stupid politicians that want to way overspend our budget!!! Votes and power you think!!!!! And enough stupid people that believe their class warfare rhetoric......
"CHANGE" you can step in..... loonybitch: Well, of course I don't think Edited for accuracy. You don't think. Your postings indicate that you'd rather die than think. Thanks for proving my point.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Edited for accuracy. Your wit is matchless, indeed I am humbled.
Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1
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Top • Page Up • Full Thread • Page Down • Bottom/Latestone argument has been repeated so often that many people now regard it as fact:
#2. To: Not Badeye, A K A Stone, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, mininggold, brian s, mcgowanjm (#0)
The most important reason the theory that "rich people create the jobs" is absurd, argues Nick Hanauer, the founder of online advertising company aQuantive, which Microsoft bought for $6.4 billion, is that rich people do not create jobs, even if they found and build companies that eventually employ thousands of people.What creates the jobs, Hanauer astutely observes, is a healthy economic ecosystem surrounding the company, which starts with the company's customers.
#3. To: lucysmom (#2)
is a healthy economic ecosystem surrounding the company, which starts with the company's customers.
#4. To: A K A Stone (#1)
Quick how many jobs has Bill Gates created?
#5. To: lucysmom (#4)
How would tax cuts for the wealthy improve demand for Gates products?
#6. To: A K A Stone (#5)
Who the hell are you to decide that someone who earns their money should have it taken away. First it isn't a tax cut. It is a reduction in money stole.
#7. To: lucysmom (#6)
Tell me why people who benefit most from our system of government shouldn't pay the most to support it.
#8. To: A K A Stone (#3)
So tell Hobama to quit taking money out of the economy for his schemes.
#9. To: lucysmom (#8)
(Edited)
The government puts back into the economy everything it takes out
#10. To: lucysmom (#8)
If you're talking about taxes, then Obama ain't taking or spending all by himself - that's number one.
#11. To: A K A Stone (#3)
So tell Hobama to quit taking money out of the economy for his schemes.
#12. To: All (#11)
#13. To: lucysmom (#0)
Now, there have long been many problems with this argument starting with
My dogs have created more shovel ready jobs than the self appointed Messiah!!! Number of shallow, inadequate, hypocritical Leftards who have me on BOZO---3..........
#14. To: CZ82 (#13)
A). American workers paid too much and get too many benefits???? (Even though you can get some American made products for less than foreign made products)....
* Social security in China consists of 3 parts, basic pension, personal accounts and additional payment.
* The rates for the basic pension are, employer - around 20%, employee - 7%.
#15. To: CZ82 (#13)
C). Manufacturing products overseas because regulations are less there meaning more bottom line profits????? (I.E. Leftard Environmental wacko EPA regulations)......
#16. To: CZ82 (#13)
G). Can't get permits from current corrupt Leftard regime without bribing them with Campaign contributions???? (Another form of taxation).....
#17. To: lucysmom, A K A Stone (#6)
Tell me why people who benefit most from our system of government shouldn't pay the most to support it.
Capitalist Eric: Foreplay before the president's staff? 
#18. To: lucysmom, A K A Stone (#8)
The government puts back into the economy everything it takes out...
"Debate about the proper size and functions of government is, of course, one of the main topics of political debate. What an economic perspective can add to the debate is an estimate of just what we gain or give up when the government shifts a dollar of spending from the private sector to itself. This involves thinking about what is known as the “deadweight loss” or “excess burden” of taxation.
Capitalist Eric: Foreplay before the president's staff?
#19. To: lucysmom (#0)
#20. To: Capitalist Eric, We The People (#17)
This implies that the only way someone can make money is through the "generosity" of the government, and that people can't make it without government.
#21. To: Capitalist Eric (#18)
Thanks for playing!!! 8^)
#22. To: lucysmom (#21)
Maybe you're playing the wrong game.
Capitalist Eric: Foreplay before the president's staff?
#23. To: lucysmom (#8)
The government puts back into the economy everything it takes out
#24. To: lucysmom (#20)
Too bad human behavior doesn't conform to your economic theory. Time to go back to the drawing board.
Capitalist Eric: Foreplay before the president's staff?
#25. To: Capitalist Eric (#24)
Your level of ignorance is... stunning.
#26. To: We The People (#23)
#27. To: Skip Intro (#26)
Most of the US debt is held by the US citizens only.... Here are the some of the largest holders of US debt:
#28. To: lucysmom (#15)
Killing off your employees and customers doesn't seem like a sound business plan to me.
My dogs have created more shovel ready jobs than the self appointed Messiah!!! Number of shallow, inadequate, hypocritical Leftards who have me on BOZO---3..........
#29. To: lucysmom (#14)
A). American workers paid too much and get too many benefits????
My dogs have created more shovel ready jobs than the self appointed Messiah!!! Number of shallow, inadequate, hypocritical Leftards who have me on BOZO---3..........
#30. To: lucysmom (#14)
Top tax rate for individuals is 45% for incomes over ¥100,000.
My dogs have created more shovel ready jobs than the self appointed Messiah!!! Number of shallow, inadequate, hypocritical Leftards who have me on BOZO---3..........
#31. To: buckeroo (#27)
How on Earth does the US government pay a dime on any of this debt (of course there are interest charges paid in full each year, courtesy of the US citizenry) unless the government taxes the US citizenry to death to pay back that same debt? Otherwise, the government just goes belly up and does not honour its legal responsibilities, correct?
#32. To: Mad Dog (#31)
Feds have said that the ONLY way out of this debt hole is INFLATION.
#33. To: CZ82 (#28)
Do you actually think the Chinese care?????
#34. To: CZ82 (#30)
..... Boy would you see the rioting begin if poor people here had to pay that much in taxes.... No more cell phones, big screen TV's, Cadillacs.........
#35. To: buckeroo (#32)
#36. To: Mad Dog (#35)
#37. To: lucysmom (#33)
Hey, you're the guy that seems to think we should do things like the Chinese in order to be competitive.
My dogs have created more shovel ready jobs than the self appointed Messiah!!! Number of shallow, inadequate, hypocritical Leftards who have me on BOZO---3..........
#38. To: lucysmom (#34)
(Edited)
..... Boy would you see the rioting begin if poor people here had to pay that much in taxes.... No more cell phones, big screen TV's, Cadillacs.........
My dogs have created more shovel ready jobs than the self appointed Messiah!!! Number of shallow, inadequate, hypocritical Leftards who have me on BOZO---3..........
#39. To: lucysmom (#25)
Capitalist Eric: Your level of ignorance is... stunning. ... and the truth is, you're utterly clueless. ((((shaking head in amazement))))
so but then I am smart enough to know that the above is not an argument.
Capitalist Eric: Foreplay before the president's staff?
#40. To: Capitalist Eric (#39)
loonybitch: Well, of course I don't think
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