Reciprocity
Member
+721|6569|the dank(super) side of Oregon

lowing wrote:

He isn't getting a discount, he already pays waaaaaaaaaaay more than us. The problem is, you think it isn't enough and you want more of his money, not for maintaining the functions of govt. but for no other reason that to give it someone else to make life "fair". That simply is not the roll of the US govt.
Why don't you actually read the link before you speak for Mr. Buffett.  And I guess the US military doesn't require money to exist?  If we didn't have the spectre of the strongest military in the world would our governent just exist?  You aren't quite grasping the simple concepts.  Mr. Buffett needs to pay a lot of taxes because he's got a lot of shit that needs the protection of our government/military.  You and I pay remarkably less than Mr. Buffett because we much less to protect.
Braddock
Agitator
+916|6279|Éire

lowing wrote:

CameronPoe wrote:

lowing wrote:

lol, ok so basically, just like I said then, you are not allowed to buy a gun because big brother said so.
You call it big brother, we call it representative democratic government. Take your pick.
Yeah, I will stick with calling it big brother.  You can make yourself feel as good as you want calling it whatever you want, you have a big govt. dictating your lives.
Firstly, you can buy and own firearms here in Europe... the only difference is you can't buy them like sweeties, we actually have strict gun-control.

Secondly, it sounds like you think we elect people to Government who, on election, turn around and pass loads of laws and regulations to 'control' us... the Government reflects the desires of the people, if we don't like the laws and rules they pass we don't vote them back in next time an election comes up. We as a society WANT gun controls and other such 'controlling' measures... if we didn't we'd all be looking for gun-toting cowboys to elect to office.
usmarine
Banned
+2,785|6750

you guys dont need guns, you stab everyone.
lowing
Banned
+1,662|6640|USA

Reciprocity wrote:

lowing wrote:

He isn't getting a discount, he already pays waaaaaaaaaaay more than us. The problem is, you think it isn't enough and you want more of his money, not for maintaining the functions of govt. but for no other reason that to give it someone else to make life "fair". That simply is not the roll of the US govt.
Why don't you actually read the link before you speak for Mr. Buffett.  And I guess the US military doesn't require money to exist?  If we didn't have the spectre of the strongest military in the world would our governent just exist?  You aren't quite grasping the simple concepts.  Mr. Buffett needs to pay a lot of taxes because he's got a lot of shit that needs the protection of our government/military.  You and I pay remarkably less than Mr. Buffett because we much less to protect.
Why don't you address the OP? Obama wants to tax ( punish) the rich even more, NOt for the functions of govt. but for the sole purpose of "spreading the wealth". In effect, assuming power ( govt. control) over a persons income in order to re-distribute it to those that did not earn it. This is not what America is about.
lowing
Banned
+1,662|6640|USA

Braddock wrote:

lowing wrote:

CameronPoe wrote:


You call it big brother, we call it representative democratic government. Take your pick.
Yeah, I will stick with calling it big brother.  You can make yourself feel as good as you want calling it whatever you want, you have a big govt. dictating your lives.
Firstly, you can buy and own firearms here in Europe... the only difference is you can't buy them like sweeties, we actually have strict gun-control.

Secondly, it sounds like you think we elect people to Government who, on election, turn around and pass loads of laws and regulations to 'control' us... the Government reflects the desires of the people, if we don't like the laws and rules they pass we don't vote them back in next time an election comes up. We as a society WANT gun controls and other such 'controlling' measures... if we didn't we'd all be looking for gun-toting cowboys to elect to office.
Really? Exactly WHO is allowed to buy a handgun? andwhat "strict" gun-control laws prevail?
Turquoise
O Canada
+1,596|6394|North Carolina

lowing wrote:

Bullshit Turquoise! and offer the very fact that you yourself make claims to the "few rich". If it were as easy as, "just start my own business" we all would have our own businesses and we would all be rich. Like it or not, the rich provide the means for the rest of us to live. If they didn't then we wouldn't be asking them for jobs now would we?

Also, they do thank us, they pay us do they not? I will bet you have thanked the company that hired you for the opportunity to work for them when they called you to tell you that you had the job. Or are you really telling me that you told them they were lucky they hired you,
You really do focus too much on money.  It's like you worship wealth as if it's some virtue.

Just because someone is rich, it doesn't mean it is totally the result of hard work.  Just because someone is poor, it doesn't mean it is totally due to laziness.  The sooner you grasp the shades of grey that apply to both wealth and poverty, the sooner we can have a more comprehensive discussion on economics.

Again, money is nothing more than an agreed upon medium of trade, but said medium is only gained through the aid of others.  Without consumers, a good or service is useless.  Without workers, a factory is useless.  The list goes on and on, but the general point here is that all the wealth in the world doesn't mean a thing if you don't have manpower to serve you.  In the end, humans are the most valuable capital you can have, which is why reinvestment in infrastructures like education and job training are far more important than giving Bill Gates another tax break.
lowing
Banned
+1,662|6640|USA

Turquoise wrote:

lowing wrote:

Bullshit Turquoise! and offer the very fact that you yourself make claims to the "few rich". If it were as easy as, "just start my own business" we all would have our own businesses and we would all be rich. Like it or not, the rich provide the means for the rest of us to live. If they didn't then we wouldn't be asking them for jobs now would we?

Also, they do thank us, they pay us do they not? I will bet you have thanked the company that hired you for the opportunity to work for them when they called you to tell you that you had the job. Or are you really telling me that you told them they were lucky they hired you,
You really do focus too much on money.  It's like you worship wealth as if it's some virtue.

Just because someone is rich, it doesn't mean it is totally the result of hard work.  Just because someone is poor, it doesn't mean it is totally due to laziness.  The sooner you grasp the shades of grey that apply to both wealth and poverty, the sooner we can have a more comprehensive discussion on economics.

Again, money is nothing more than an agreed upon medium of trade, but said medium is only gained through the aid of others.  Without consumers, a good or service is useless.  Without workers, a factory is useless.  The list goes on and on, but the general point here is that all the wealth in the world doesn't mean a thing if you don't have manpower to serve you.  In the end, humans are the most valuable capital you can have, which is why reinvestment in infrastructures like education and job training are far more important than giving Bill Gates another tax break.
I am focusing too much on money? I see, well then if money is just not so important, then stop endorsing taking it from people that have it. I love how money is not important yet you all seem to know what to do with other peoples, and tell me how unimportant money is so I shouldn't have a problem just giving some more of it away.


Education is fine Turquoise, the problem is the lack of moral character, that is prevailing in our country. The problem is, Americans are more and more emulating a sense of entitlement over a sense of responsibility. The problem is, parents are NOT raising their kids properly with respect and true guidance.

Once again you guys want to blame everyone and everything for personal problems over blaming the individual. Now, people are poor because of bad education systems, it could not be because they simply didn't attend.


You did not address my post in the slightest Turquoise please do so,

I will also ask you to tell me how nessessary a factory worker is without a factory to work in. The rich provide the jobs and pay us to work for them. They assume YOU wanted to work for them since YOU asked them for a job, and was probably excited to beat all hell when you got hired. The truth is you are not that important to a company nor I, if we quit there will always be someone there to take our places. Or have you ever noticed how unemotional a company is compared to an individual when a job is granted, lost, or enhanced?

You think you are important to a company, nope, YOU need them, THEY need anyone.

Last edited by lowing (2008-10-25 09:51:15)

dan673
Member
+46|5971

lowing wrote:

You think you are important to a company, nope, YOU need them, THEY need anyone.
Undoubtedly true.
Kmar
Truth is my Bitch
+5,695|6589|132 and Bush


527's.. lulz
Xbone Stormsurgezz
Reciprocity
Member
+721|6569|the dank(super) side of Oregon

lowing wrote:

You think you are important to a company, nope, YOU need them, THEY need anyone.
If they're an unskilled laborer, whom you hate because they aren't working to improve themself.  I'm very valuable to my boss.  I make him a whole lot of money.  He might find someone as good as me, with the tools I have, and my experience.  But could he rely on that new guy, as he can rely on me after 10 years of working together?

Where you see workers as some kind of parasite, I see a symbiotic relationship.  Sure I could start my own business, and maybe  I will someday.  But for now, I'm happy to make my boss a lot of money so he afford to employ office workers to manage that money, he can deal with the taxes and the payroll, he can maintain the infrastructure and pay the bills.  In return he get's more money than me and I get to show up at 8am and leave at 5pm.
Mason4Assassin444
retired
+552|6651|USA

lowing wrote:

Mason4Assassin444 wrote:

lowing wrote:

"spread the wealth around"   http://www.breitbart.tv/html/195153.html

This is the reason not to vote for Obama. What he wants to do is have govt. control over your money. When has it become the govts. job to seize money for the purpose of "spreading it around". Folks this is socialist/communist ideology and it goes against everything the US was meant to be.
Which is freedom to succeed, not guaranteed to succeed. Equal opportunity, not equal results.


and now we have this gallop poll which says only 13% of "national adults" are in favor of doing what Obama wants to do, yet, with the economy as the #1 concern for the voters, Obama is still leading in the polls.  http://www.gallup.com/poll/108445/Ameri … onomy.aspx

Stupidity and a lack of quality informed liberal voters comes to mind. Maybe issues and not race or good looks,or celebrity, should be what motivates voters after all, this year.
Hardly the bottom line. No minded the wealth being spread to the rich the past 8 years.
whose wealth? The poor had no wealth to spread around, so pretty much that does not make sense.
You remain uninformed as usual. Or informed with blinders on. Back to work people. nothing to see here.
lowing
Banned
+1,662|6640|USA

Reciprocity wrote:

lowing wrote:

You think you are important to a company, nope, YOU need them, THEY need anyone.
If they're an unskilled laborer, whom you hate because they aren't working to improve themself.  I'm very valuable to my boss.  I make him a whole lot of money.  He might find someone as good as me, with the tools I have, and my experience.  But could he rely on that new guy, as he can rely on me after 10 years of working together?

Where you see workers as some kind of parasite, I see a symbiotic relationship.  Sure I could start my own business, and maybe  I will someday.  But for now, I'm happy to make my boss a lot of money so he afford to employ office workers to manage that money, he can deal with the taxes and the payroll, he can maintain the infrastructure and pay the bills.  In return he get's more money than me and I get to show up at 8am and leave at 5pm.
Do you see what you are doing? You are proving my point. The reason you go to school or learn a trade, is to get MARKETABLE. YOU have done so, this makes YOU valuable to a company who now will give you money and benefits to work for them. This is exactly what you are supposed to do. YOU provided your own worth t oa company. Nice job. If you had not done so, someone else would have and you would be here bitching how "the Man" is keeping you down. Truth is we keep ourselves down, or raise ourselves to our potential, and in America you are FREE to either one, the CHOICE is yours.

By the way, I do not "hate" unskilled laborers, not even sure why you would claim I have said such a thing. I just think we all EARN what we deserve in a free market society. If you do not like your earnings, do something that makes yourself marketable. Obviously you agree with me or you would not have seen the need to do so.

It is a symbiotic relationship, excuse a company for needing a potential employee to bring something to the table in trade, for a job and benefits.

Last edited by lowing (2008-10-25 10:02:00)

lowing
Banned
+1,662|6640|USA

Mason4Assassin444 wrote:

lowing wrote:

Mason4Assassin444 wrote:


Hardly the bottom line. No minded the wealth being spread to the rich the past 8 years.
whose wealth? The poor had no wealth to spread around, so pretty much that does not make sense.
You remain uninformed as usual. Or informed with blinders on. Back to work people. nothing to see here.
I am? how so? If the poor had wealth to steal the nthey would not have been poor in the first place, and you would have to say we were stealing from the rich. Which is exactly what Obama wants to do.
CameronPoe
Member
+2,925|6544

lowing wrote:

I am? how so? If the poor had wealth to steal the nthey would not have been poor in the first place, and you would have to say we were stealing from the rich. Which is exactly what Obama wants to do.
It's not stealing if it's legally sanctioned through representative democratic elections. Get over it. It happens already, always has and always will. Get used to it.
lowing
Banned
+1,662|6640|USA

CameronPoe wrote:

lowing wrote:

I am? how so? If the poor had wealth to steal the nthey would not have been poor in the first place, and you would have to say we were stealing from the rich. Which is exactly what Obama wants to do.
It's not stealing if it's legally sanctioned through representative democratic elections. Get over it. It happens already, always has and always will. Get used to it.
It is stealing when it is done for no other reason than to give to someone else, and not done to support the functions of govt. It is wealth redistribution nothing more.


Is this sentence the only thing you have read of mine on this page that you wanna dispute?
CameronPoe
Member
+2,925|6544

lowing wrote:

It is stealing when it is done for no other reason than to give to someone else, and not done to support the functions of govt. It is wealth redistribution nothing more.

Is this sentence the only thing you have read of mine on this page that you wanna dispute?
Wealth redistribution in the interests of kickstarting a paralysed economy, which ultimately will benefit everyone. In case you hadn't noticed spending money is becoming increasingly thin on the ground of late. It being all tied up in capital is no good. People need to spend on goods to promote growth and thereby entice people to employ their capital in expansion and growth. At the moment that ain't happening. It's not stealing, it's sensible government. When things improve the tax bands can shift in the opposite direction I'm guessing. It's not stealing because the government of your nation, whether you like it or not, is responsible for protecting your civil, financial and property rights. What it giveth with one hand it can taketh away with the other, when necessary to ensure the whole nation doesn't slide into the abyss. You can call it stealing but that's because you have a hunter-gatherer stand alone mindset. What brought man out of hunter-gatherer living was the realisation that they could work together for mutual betterment. I don't expect you to understand or acknowledge this. All you're concerned with is you, and you think that a self-centred ethos will result in an efficient utopian society. I'm afraid that that's just ludicrous. Life isn't that simplistic.

The only real potential flaw in this Obama move is that he will simply boost inflation, which is obviously counter-productive. Ultimately this tax money will find it's way back into the pockets of the fat cats anyway - this is just an exercise in circulation of capital as far as I can see.

Last edited by CameronPoe (2008-10-25 10:21:40)

dan673
Member
+46|5971

CameronPoe wrote:

lowing wrote:

It is stealing when it is done for no other reason than to give to someone else, and not done to support the functions of govt. It is wealth redistribution nothing more.

Is this sentence the only thing you have read of mine on this page that you wanna dispute?
Wealth redistribution in the interests of kickstarting a paralysed economy, which ultimately will benefit everyone. In case you hadn't noticed spending money is becoming increasingly thin on the ground of late. It being all tied up in capital is no good. People need to spend on goods to promote growth and thereby entice people to employ their capital in expansion and growth. At the moment that ain't happening. It's not stealing, it's sensible government. When things improve the tax bands can shift in the opposite direction I'm guessing. It's not stealing because the government of your nation, whether you like it or not, is responsible for protecting your civil, financial and property rights. What it giveth with one hand it can taketh away with the other, when necessary to ensure the whole nation doesn't slide into the abyss. You can call it stealing but that's because you have a hunter-gatherer stand alone mindset. What brought man out of hunter-gatherer living was the realisation that they could work together for mutual betterment. I don't expect you to understand or acknowledge this. All you're concerned with is you, and you think that a self-centred ethos will result in an efficient utopian society. I'm afraid that that's just ludicrous. Life isn't that simplistic.

The only real potential flaw in this Obama move is that he will simply boost inflation, which is obviously counter-productive. Ultimately this tax money will find it's way back into the pockets of the fat cats anyway - this is just an exercise in circulation of capital as far as I can see.
In the words of Congressman Barney Frank, "There are plenty of rich people we can tax heavily". Pffff. What a load of shit. If that's the case, get ready for the middle class to feel the full brunt of unemployment. If this is something that Barack Obama sees necessary to be done, well this isn't the time to do it. My father's business employs over 250 workers. Once taxes have been raised, what capital will be left to maintain the salaries of 250+ workers? We're talking about layoffs, jobcuts, and conserving capital to the max. In an economy under levels of distress that we haven't seen for decades, this is not what needs to happen right now.

Last edited by dan673 (2008-10-25 10:43:58)

CameronPoe
Member
+2,925|6544

dan673 wrote:

In the words of Congressman Barney Frank, "There are plenty of rich people we can tax heavily". Pffff. What a load of shit. If that's the case, get ready for the middle class to feel the full brunt of unemployment. If this is something that Barack Obama sees necessary to be done, well this isn't the time to do it. My father's business employs over 250 workers. Once taxes have been raised, what capital will be left to maintain the salaries of 250+ workers? We're talking about layoffs, jobcuts, and conserving capital to the max. In an economy under levels of distress that we haven't seen for decades, this is not what needs to happen right now.
Have you seen your country's budget deficit? Where has the responsible 'paying your dues' gone there? $600bn bailout? Who will pay for that? You tax those with very little disposable income and they will definitely be consigned to the gutter. You tax those with heaps of disposable income then these people stand less of a chance of being consigned to the gutter and those with less disposable income will continue to have money to spend on the products that the capital-owners produce, thereby maintaining demand although with reduced profit margins. Either way you're fucked. Somebody has to take the hit, there will be a few steps backward taken and then the nation will march forward again in a new and better direction. It's time to take your medicine.

Last edited by CameronPoe (2008-10-25 11:04:01)

Turquoise
O Canada
+1,596|6394|North Carolina

lowing wrote:

I am focusing too much on money? I see, well then if money is just not so important, then stop endorsing taking it from people that have it. I love how money is not important yet you all seem to know what to do with other peoples, and tell me how unimportant money is so I shouldn't have a problem just giving some more of it away.
I'd bring back the barter system if I could convince more people to support it.  Right now, we have a system based more on bullshit (speculation) than on actual material worth.

lowing wrote:

Education is fine Turquoise, the problem is the lack of moral character, that is prevailing in our country. The problem is, Americans are more and more emulating a sense of entitlement over a sense of responsibility. The problem is, parents are NOT raising their kids properly with respect and true guidance.
...and a large part of that is the result of rampant consumerism in this country.

lowing wrote:

Once again you guys want to blame everyone and everything for personal problems over blaming the individual. Now, people are poor because of bad education systems, it could not be because they simply didn't attend.


You did not address my post in the slightest Turquoise please do so,

I will also ask you to tell me how nessessary a factory worker is without a factory to work in. The rich provide the jobs and pay us to work for them. They assume YOU wanted to work for them since YOU asked them for a job, and was probably excited to beat all hell when you got hired. The truth is you are not that important to a company nor I, if we quit there will always be someone there to take our places. Or have you ever noticed how unemotional a company is compared to an individual when a job is granted, lost, or enhanced?

You think you are important to a company, nope, YOU need them, THEY need anyone.
I'll be honest, lowing.  The people I respect the most live off of the land.  They don't need companies to employ them, and they don't even need to go to the store very often because they can find what they need in nature.   The further we get away from that, the less we value the environment and people in general.

So, in a way, I can agree with you -- just not for the reasons you'd expect.  Maybe we really should move away from tax schemes and even corporate power structures altogether.  If we went back to learning how to live in the wild, we'd be a lot more adaptable.  Don't mistake this as a full rejection of technology -- I would just prefer if we'd be less consumerist and more survivalist.

Admittedly, my own life is a demonstration of what it is to be part of the system.  As you said, my company could easily replace me without a second thought.  But I have to seriously ask myself and everyone else if that's really the life you want to lead.  Maybe I really have chosen the wrong path.  If we submit ourselves as slaves to corporations, we can only expect to remain dependent on people that care very little about our long term needs.  All they really care about is profit.

So, overall, we have developed a system that supports a lifestyle that may be convenient, but is it really healthy?  Look at the direction we're going in with respect to obesity.  Look at how cancer rates have gone up considerably in the last few decades.  Look at how respiratory illnesses like asthma have risen as a direct result of air pollution.   Autistic births have skyrocketed.

So yeah...  maybe I'm choosing the wrong battle here.  I'll tell you what...  Keep your money.  The rich can keep theirs as well.  I should probably care a lot less about what others do with their money and figure out a way to ween myself off of this corrupt system.
dan673
Member
+46|5971

CameronPoe wrote:

Have you seen your country's budget deficit? Where has the responsible 'paying your dues' gone there? $600bn bailout? Who will pay for that? You tax those will very little disposable income and they will be consigned to the gutter. You tax those with heaps of disposable income then these people stand less of a chance of being consigned to the gutter and those with less disposable income will continue to have money to spend on the products that the capital-owners produce, thereby maintaining demand although with reduced profit margins. Either way you're fucked. Somebody has to take the hit, there will be a few steps backward taken and then the nation will march forward again in a new and better direction. It's time to take your medicine.
Then collectively, I guess you're telling the middle class to take their medicine as well. The middle class has and will always be at the helm of the executives and business owners, and they are taking the fall for them. People will get out with cash and lots of it, while others leave with nothing. As hard as we keep people employed, capital must be within circulation of the company. Either way, yes, people will get fucked, but the workers will obviously get fucked more. Fortunately, we have cash to sit on. I'm not saying no one should take the fall, that's capitalism for you, but as you can see, what has the bailout really done at all? Not much. The market is getting worse, and many believe due to the fact of this election's outcome:

http://www.nypost.com/seven/10132008/po … 133374.htm
KEN-JENNINGS
I am all that is MOD!
+2,973|6620|949

I think lowing needs to read Das Capital.  Yes lowing, if you read it you will turn into a pinko commie.

It gives insight into the integral worker/capital/commodity relationship that lowing seems to have minimal understanding of.  Maybe after you read that (or at least the cliffs notes on it) I can recommend another book for you.
CameronPoe
Member
+2,925|6544

dan673 wrote:

Then collectively, I guess you're telling the middle class to take their medicine as well. The middle class has and will always be at the helm of the executives and business owners, and they are taking the fall for them. People will get out with cash and lots of it, while others leave with nothing. As hard as we keep people employed, capital must be within circulation of the company. Either way, yes, people will get fucked, but the workers will obviously get fucked more. Fortunately, we have cash to sit on. I'm not saying no one should take the fall, that's capitalism for you, but as you can see, what has the bailout really done at all? Not much. The market is getting worse, and many believe due to the fact of this election's outcome:

http://www.nypost.com/seven/10132008/po … 133374.htm
Pre-note: I didn't agree with the bailout.

Right now dan, capital is not circulating. People are shit scared of the uncertainty at the moment, selling shares hand over fist and stocking up their cash to wait out the economic nosedive. Capital is not circulating - right now. How do we get it to circulate again? How can our economy make use of these vast sums of money that are not moving? The only answer is to prop up demand for produce by increasing the disposable income of the masses, as far as I can see (for this particular situation, different situations obviously call for different even opposite measures). In cutting taxes for the masses (~95% of people) one increases the budget deficit. These needs to be balanced and where can that money come from? The amassed capital in the nation that is frozen due to economic uncertainty. There will be more unemployment - both irrespective of these budget measures and with these measures in place. But with the status quo that unemployment will keep increasing unstoppably. Stabilising the economy and freeing up that capital is all that can be done to stem the tide and turn things around.
CameronPoe
Member
+2,925|6544

KEN-JENNINGS wrote:

I think lowing needs to read Das Capital.  Yes lowing, if you read it you will turn into a pinko commie.

It gives insight into the integral worker/capital/commodity relationship that lowing seems to have minimal understanding of.  Maybe after you read that (or at least the cliffs notes on it) I can recommend another book for you.
Even if he read the more 'lowing-palatable' Wealth of Nations by Adam Smith he might begin to post things that show some semblance of an understanding of economics.
dan673
Member
+46|5971

CameronPoe wrote:

Right now dan, capital is not circulating. People are shit scared of the uncertainty at the moment, selling shares hand over fist and stocking up their cash to wait out the economic nosedive. Capital is not circulating - right now. How do we get it to circulate again? How can our economy make use of these vast sums of money that are not moving? The only answer is to prop up demand for produce by increasing the disposable income of the masses, as far as I can see (for this particular situation, different situations obviously call for different even opposite measures). In cutting taxes for the masses (~95% of people) one increases the budget deficit. These needs to be balanced and where can that money come from? The amassed capital in the nation that is frozen due to economic uncertainty. There will be more unemployment - both irrespective of these budget measures and with these measures in place. But with the status quo that unemployment will keep increasing unstoppably. Stabilising the economy and freeing up that capital is all that can be done to stem the tide and turn things around.
I understand what you are saying, and I agree for the most part, but at this point, I believe not raising taxes is the right way to go. Money needs to circulate like you said, but raising those taxes is also discouraging, and makes it harder for the average American to get by. It's a rough period, but eventually people will overcome it.

Last edited by dan673 (2008-10-25 17:57:21)

FEOS
Bellicose Yankee Air Pirate
+1,182|6399|'Murka

CameronPoe wrote:

dan673 wrote:

In the words of Congressman Barney Frank, "There are plenty of rich people we can tax heavily". Pffff. What a load of shit. If that's the case, get ready for the middle class to feel the full brunt of unemployment. If this is something that Barack Obama sees necessary to be done, well this isn't the time to do it. My father's business employs over 250 workers. Once taxes have been raised, what capital will be left to maintain the salaries of 250+ workers? We're talking about layoffs, jobcuts, and conserving capital to the max. In an economy under levels of distress that we haven't seen for decades, this is not what needs to happen right now.
Have you seen your country's budget deficit? Where has the responsible 'paying your dues' gone there? $600bn bailout? Who will pay for that? You tax those with very little disposable income and they will definitely be consigned to the gutter. You tax those with heaps of disposable income then these people stand less of a chance of being consigned to the gutter and those with less disposable income will continue to have money to spend on the products that the capital-owners produce, thereby maintaining demand although with reduced profit margins. Either way you're fucked. Somebody has to take the hit, there will be a few steps backward taken and then the nation will march forward again in a new and better direction. It's time to take your medicine.
The overall debt is apparently irrelevant to the anointed one, as he has not produced a whit of a policy that speaks to how he's going to pay for existing obligations plus his ~$1T in NEW spending. There isn't enough money at the top 5% to pay for anything close to that.

Last edited by FEOS (2008-10-25 12:25:27)

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
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