Bill Kristol Sez "It Won't Kill The Country" To Raise Taxes On Millionaires

[magnifier661]

What difference does any of that make? Buying assets isn't the point. There's a reason why the population is known as "consumers".

The point is that the money spent on beer at the 7-11 is then used to pay the clerk at the 7-11, who then buys more beer with the money, and receives another paycheck, and buys more beer with the money, and so on. Essentially, the clerk receives a lifetime income, and a lifetime supply of beer, because of that first purchase.

barfo

Problem with this analogy is the 1,000,000 people you give $1 to may not be at a level to where they can make something of that $1. Maybe 85% of those low income people would piss the money away.

Why take money from entities or individuals that actually reinvest and use the money to make more money? Why would you take money away from them and give it to a bunch of people that have no idea but to blow that money on useless things?

 

[Denny Crane]

What difference does any of that make? Buying assets isn't the point. There's a reason why the population is known as "consumers".

The point is that the money spent on beer at the 7-11 is then used to pay the clerk at the 7-11, who then buys more beer with the money, and receives another paycheck, and buys more beer with the money, and so on. Essentially, the clerk receives a lifetime income, and a lifetime supply of beer, because of that first purchase.

barfo

Do you actually think about what you write?

Someone is growing and harvesting hops and the other ingredients in beer. That's how the economy grows. Not govt. spending.

What govt. does is fuck up the markets by creating a distorted demand. At non-market prices, too. Again, this is why tax cuts are stimulus - govt. isn't taking the money in the first place and choosing to turn it into shit.

 

[barfo]

Problem with this analogy is the 1,000,000 people you give $1 to may not be at a level to where they can make something of that $1. Maybe 85% of those low income people would piss the money away.

What do you mean by piss the money away? Consumer purchases are 70% of our economy. We NEED people to 'piss the money away'.

Why take money from entities or individuals that actually reinvest and use the money to make more money? Why would you take money away from them and give it to a bunch of people that have no idea but to blow that money on useless things?

See above. Consumer spending, not investing, is what drives the economy. You build a brewery because there is demand for beer. Building a brewery doesn't create the demand for beer.

barfo

 

[Denny Crane]

If investing doesn't drive the economy, we should "just say no" when Obama tells us he wants to invest (I mean spend) the money government takes from us.

 

[DaLincolnJones]

Something everyone here may enjoy, its full page long so I will not post it, just the link http://www.americanthinker.com/2007/11/the_nazis_were_maxists.html

and a teaser quote

Consider these remarks of Nazi leaders. Hitler on May 1, 1927:

"We are socialists. We are enemies of today's capitalistic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are determined to destroy this system under all conditions."


Goebbels, who was the only major Nazi leader who stayed with Hitler to the very end, wrote in Der Angriff in 1928:


"The worker in a capitalist state - that is his greatest misfortune - no longer a human being, no longer a creator, no longer a shaper of things. He has become a machine."



I was going to write a piece on the smilar conditions between now and 1934 Germany, and came across this. History is a bitch, guys.

 

[3RA1N1AC]

yeah, america is nazi germany and the president is hitler, such a very original thought of yours, im surprised nobody has ever tried to make that parallel before

 

[Denny Crane]

http://en.wikipedia.org/wiki/Anti-capitalism

 

[DaLincolnJones]

yeah, america is nazi germany and the president is hitler, such a very original thought of yours, im surprised nobody has ever tried to make that parallel before

not the point at all

same left thinking

same attack on industry

same tax hikes

same erosion of freedom under the protection of the people

same advancement of benifits for the people

dont assume, take a look without biased

 

[barfo]

If investing doesn't drive the economy, we should "just say no" when Obama tells us he wants to invest (I mean spend) the money government takes from us.

Investing in infrastructure, investing in education, is not investing in the financial sense. The government isn't looking to sell those educated children later for a profit. It will do that when I'm president, but the current government seems to have some sort of moral issue with selling children. Infrastructure and education and research and so on is indeed spending, and spending is what drives the economy.

barfo

 

[barfo]

I was going to write a piece on the smilar conditions between now and 1934 Germany, and came across this. History is a bitch, guys.

O yeah I conquered all those countries
They were weak an' I was strong
A little too ambitious maybe,
But I never loved Eva Braun.

barfo

 

[Denny Crane]

Investing in infrastructure, investing in education, is not investing in the financial sense. The government isn't looking to sell those educated children later for a profit. It will do that when I'm president, but the current government seems to have some sort of moral issue with selling children. Infrastructure and education and research and so on is indeed spending, and spending is what drives the economy.

barfo

It's outright investment.

 

[barfo]

If investing doesn't drive the economy, we should "just say no" when Obama tells us he wants to invest (I mean spend) the money government takes from us.

It's outright investment.

Make up your mind.

barfo

 

[Denny Crane]

Make up your mind.

barfo

You're the one that's being inconsistent. You say investing doesn't drive the economy, so I pointed out that your guy Obama talks about investing. I say it does (see my 2nd quote above) drive the economy to a huge degree.

However, I think Obama is a terrible decision maker when it comes to making investments, nor do I agree that anything he calls an investment is an actual investment.

 

[barfo]

You're the one that's being inconsistent. You say investing doesn't drive the economy, so I pointed out that your guy Obama talks about investing.

He is using the word investing in a different sense than I was.

I say it does (see my 2nd quote above) drive the economy to a huge degree.

You say it does? Well, color me convinced!

nor do I agree that anything [Obama] calls an investment is an actual investment.

Uh, that was what I was saying.

barfo

 

[Denny Crane]

The highway system was an actual investment. It catered to nobody in particular but to everyone in general. Companies like FedEx and UPS could exist in the first place because the highways made it possible to deliver a package to remote areas. The cost of the highways was $X and the return was many times $X. Because of $X and "many times $X" returned, it is something you can trivially argue govt. should issue bonds (borrow) to build. The government raises revenue to pay for the roads via gasoline taxes (NOT INCOME TAX).

The roads are a thing. You can depreciate them. You repair them to keep them up to snuff. It's not a service taken from someone by the government.

The hundreds of thousands of employees of those companies vastly expanded the base of possible consumers.

Solyndra is not a good govt. type investment. The market forces allowed to prevail determined it was doomed.