Tax the Rich!!! - Wait, Tax the Elderly!!!

[Uncle Ted]

Originally Posted by NotUrAvgXBar

I was wondering how far I'd have to scroll down before someone commented on that gem.

Ya I was going to comment there, he beat me to the punch. Although, you might be able to argue he's correct if you include animals, plants, minerals, free time and the existing current state of the planet and universe as stakeholders in the equation. Maybe that's what he meant.

[FormLetter]

Originally Posted by Uncle Ted

If jas66Kent keeps this up he could be up for some serious troll of the year awards. He's doing an amazing job sounding like he actually believes what he's saying here. Some of the best work I've seen.

Absolutely. And he will provide pretty lengthy posts even on weekend mornings. It is awesome.

[FashionableFedora]

Originally Posted by Uncle Ted

If jas66Kent keeps this up he could be up for some serious troll of the year awards. He's doing an amazing job sounding like he actually believes what he's saying here. Some of the best work I've seen.

Can't remember the last time we've had a troll that was this much fun.

[1695814]

Originally Posted by Standtall

This thread makes my head hurt.

Is it because you keep doing this?

[ubernerd]

Originally Posted by jas66Kent

More Economic stupidity. What a shock. If I were you I would stop drinking the GOP kool-aid.

When you cut taxes to every group, the net winners are always the wealthy as they have much higher wealth.


Class dismissed.

When you reduce theft (i.e. taxes) in every neighborhood, everyone benefits except the thieves IMHO.

[Rickson]

Originally Posted by jas66Kent

More Economic stupidity. What a shock. If I were you I would stop drinking the GOP kool-aid.

When you cut taxes to every group, the net winners are always the wealthy as they have much higher wealth.

So what happens when disposable income grows quicker for the wealthy(top 20%) when compared to the bottom 80%? You get a rise in income inequality. And that always increases unemployment and poverty levels. This subsequently reduces labor productivity and Economic growth.

So no, the answer is most definitely NOT lower taxes. The answer is to reduced income inequality, and have a stronger middle class. This then boosts labor productivity, and then subsequently Economic growth.This means getting getting rid of the CG tax (raise it from 15% to 35%), and get rid of the Bush Tax cuts. That's how you tackle rising income inequality.

Now if you're deluded enough to suggest that cutting taxes boosts job growth then you're even more in ignorant than I thought.

Hint: The wealthy have a much higher marginal propensity to save and as such they do not re-invest that extra disposable income in the Economy. They just save most of it or put it in equities.

Class dismissed.

Cutting taxes has boosted job growth every time it's been done, not sure what economics you have learned on planet pop tart but it appears you still believe in the proven wrong Keynesian dogman.

Any time you put capital out of the gov't hands it is used to create wealth and is employed in it's optimium DMVP.

Why is it wrong to let those who have the ability to create lots of wealth retain it? I'm not sure how artificially coming in and confiscating that wealth and then using it in the most wasteful ways will make us all 'better off'?

I think you are the full on retard of this thread. You've spouted more strawmen, economic fallacies and lies in this post than most can post in a year....epic fail!

[Rickson]

Originally Posted by jas66Kent

Dude, in simplest terms: Increased GDP = increased productivity.

And increased productivity comes from increased labor productivity (better education for example), and technological change (Better technologies make use of raw materials(or inputs) more efficient so that more can be produced)

So GDP grows as productivity grows.

Is it infinite? Well no, as there are finite resources in the world.

GDP is consumption not productivity...you are a full on economotard.

We have had what looks like GDP growth the last 20 years but have produced less and less because we lump debt creation and consumption in and call it productivity....it's not...it's consumption. We also use a hugely understanded inflation adjustment so the mere addition of QE, printing money from this air, is calculated as production.

Your understanding of economics reminds me of talking to the 10 year old next door...

[Rickson]

Originally Posted by jas66Kent

In as far as Economic, what is desirable is good productivity combined with a high standard of living for the population with adequate social safety nets. A combination of capitalism and socialism comes to mind. Germany would be the best example of that.

There is no such thing as a combination of capitalism or socialism.

We have fascism, that is what you seem to be wanting so you should be happy with our current system.

[jas66Kent]

Originally Posted by Rickson

GDP is consumption not productivity...you are a full on economotard.

We have had what looks like GDP growth the last 20 years but have produced less and less because we lump debt creation and consumption in and call it productivity....it's not...it's consumption. We also use a hugely understanded inflation adjustment so the mere addition of QE, printing money from this air, is calculated as production.

Your understanding of economics reminds me of talking to the 10 year old next door...

Actually, GDP is measured by expenditure or income. What I was trying to explain to him was how productivity influences GDP growth.

Also, consumption is only 70% of GDP.

So, retard much?

[jas66Kent]

Originally Posted by Rickson

There is no such thing as a combination of capitalism or socialism.

We have fascism, that is what you seem to be wanting so you should be happy with our current system.

lol Jesus christ, then what exactly is Germany in your mind, socialist?

Well damn, for a socialist country it sure as hell is productive which completely goes against your conservative dogma.