tag:blogger.com,1999:blog-7342454496014200176.post3982806294661293097..comments2023-05-05T06:38:34.592-04:00Comments on IMHO: Remedial Economics - For those who either don't believe or don't understandNiceguy Eddiehttp://www.blogger.com/profile/03896896323840121445noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7342454496014200176.post-7364551635368564562010-04-03T09:55:41.809-04:002010-04-03T09:55:41.809-04:00I'm afraid America cannot be saved by any plan...I'm afraid America cannot be saved by any plan. She's not just a country in debt; she's a 'superpower of debts'. People don't know that, not yet, because money is being printed non-stop by the government. So when there's money and the government gives you to buy a new fridge or dishwasher, nobody suspects the upcoming disaster.DUTAhttps://www.blogger.com/profile/12979375799258978432noreply@blogger.comtag:blogger.com,1999:blog-7342454496014200176.post-32423396887398280742010-03-30T19:17:16.892-04:002010-03-30T19:17:16.892-04:00Well... tax policy MATTERS, but remember: You don&...Well... tax policy MATTERS, but remember: You don't get an economic benefit unless people SPEND. And rich people didn't get rich by spending their extra money! If my taxes were lowered by $1000, I'd spend a lot more of that money than some Million-Dollar a year guy would. And thus it would help the economy MORE to give ME (working/middle class) the tax break than the upper-class/uber-rich. <br /><br />The problem with BECK's plan is that it hurts most of the country by cutting spending (because he means cut entitlements; not defense, war, corporate welfare...) protects the RICH - because he doesn't mean cut OUR taxes, he means cut THEIR taxes, and at the end of the day doesn't do dick about the deficit. It's just the same old RW bullshit. <br /><br />What Keynes understood was that if you "rob from the rich and give to the poor" then the rich get it right back anyway! (And the poor got more STUFF and a BETTER, MORE SECURE LIFESTYLE.) Beck seems to think that you can rob from the poor and give the rich! Well... you CAN, but it wont help the ECONOMY and it won't reduce the DEFICIT . And that's why I (and just about every liberal) would call Bullshit on him.)<br /><br />Well whatever, obviously we're basically on the same page, so I'm not trying to convince YOU. Thanks for letting me get that last bit in though, just in case anyone comes here from the Beck thread that inspired this post!Niceguy Eddiehttps://www.blogger.com/profile/03896896323840121445noreply@blogger.comtag:blogger.com,1999:blog-7342454496014200176.post-86612342836467188912010-03-29T22:55:01.050-04:002010-03-29T22:55:01.050-04:00In blunt language better used on republicans, &quo...In blunt language better used on republicans, "other factors" = "just kidding, tax policy doesn't really matter that much".<br /><br />But I'll go ahead and wait until 2012, when we should have enough data on the impact of the expiration of Bush's tax cuts to validate one of our models.steevehttps://www.blogger.com/profile/12620735494191381865noreply@blogger.comtag:blogger.com,1999:blog-7342454496014200176.post-28645235596677901582010-03-29T21:34:00.302-04:002010-03-29T21:34:00.302-04:00You're right about Clinton's economy, and ...You're right about Clinton's economy, and I love your far more poetic description of the economy BTW, but the OTHER thing you've got to remember is that there are OTHER FACTORS and SOME SPENDIGN gors farther than others. "Taking the inititive in creating the interent" for example, paid some pretty crazy dividends that even RAISING TAXES and CUTTING SPENDING (don't forget that!) couldn't kill. But that says more about Al Gore's pet project than it does about Keynes' economic model.<br /><br />In any case YOU GET IT. But I've been waiting to do this for some time, and after reading about Beck's "plan" I felt this was the best oppotunity I'd get.<br /><br />And I don't take personally at all that your eyes glazed over. It was bound to happen to rather a few readers, one way or the other. LOL.<br /><br />(Come on! This is GRIPPING STUFF! LOL)<br /><br />Thanks for your comment.Niceguy Eddiehttps://www.blogger.com/profile/03896896323840121445noreply@blogger.comtag:blogger.com,1999:blog-7342454496014200176.post-45964810076339325082010-03-29T21:07:29.800-04:002010-03-29T21:07:29.800-04:00My eyes glazed over a bit during the example, beca...My eyes glazed over a bit during the example, because "Clinton 20 million jobs; Bush 5 million jobs" is over so much quicker.<br /><br />"If you (1) Raise Taxes ... you will harm (shrink) the economy... None of these are up for debate! "<br /><br />Maybe not in an absolutist sense, but practically, Clinton's tax increase in 1993 didn't shrink the economy in any meaningful way.<br /><br />The rich's wealth is like sand dunes in a desert, and the economy is the sand that blows around. Take some big scoops out of the dunes, and the same amount of sand blows around.<br /><br />If a rich person can get richer by building a factory or hiring somebody, that person is going to build that factory and hire that person no matter what the tax rate is.steevehttps://www.blogger.com/profile/12620735494191381865noreply@blogger.com