2016-11-30, 21:58 | Link #2461 | ||
On a mission
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As a side note, I do not consider any entity working in self-interest to be a bad thing , but rather a grey thing. After all, cooperation has been important in the development of society and the species as a whole, and while individuals may work for their own good it's simply more effective then forcing people to do things just because. It is simply when this self interest aggressively infringes on the interests of others or allows one to circumvent responsibility to be a problem. For example, businesses are out there to make profit. Nothing wrong with them. But then the government bailing out irresponsible entities too big to fail is another issue. Quote:
There are many benefits to a system that doesn't get altered by radicalism easily.
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2016-11-30, 23:39 | Link #2463 | |
Sekiroad-Idols Sing Twice
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2016-12-01, 02:44 | Link #2464 | |
My posts are frivolous
Join Date: Nov 2008
Age: 35
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(1) Mainstream TV news media can go straight all of a sudden when we know that they aren't; (2) There exist a sufficient number of politicians that are principled, have huge political clout, and the resources to match the less principled politicians; and (3) The people are sufficiently invested in the political process to discern between voices. Instead of relying on all these unrealistic assumptions that will never materialise, it is far more realistic to push for a smaller government.The market position on monopolies is the least worst option available. A monopoly is not a bad thing in and of itself, unless there are other factors that lead to that monopoly position being economically entrenched. Such factors primarily involve barriers to entry such as sunk costs in the case of natural monopolies and government legislation in the case of industries that involve licensing. If such factors do not exist, then a monopolist will still be subject to the threat of new entrants, and will thus have the incentive to meet the interests of consumers, otherwise it will end up losing its monopoly position. The supposed paradox you're talking about is not a paradox at all. If every minimum wage worker worked to get promoted in the sense that they all worked hard and raised their productivity, then employers will raise their wages as a result of sheer market forces. The mechanism for this is that if you have a highly productive worker who generates much more value for his firm than he is paid, then the firm will have every incentive to pay him more in order to prevent him from being poached away. Artificially raising the minimum wage without having a corresponding increase in productivity will increase unemployment. You don't need to be an economist to understand that. Large firms such as McDonald's have been speeding up the rollout of automatic checkout stations that will cut down the number of low-wage workers that they need to hire. Small-medium enterprises that are barely keeping afloat will not have the funds to hire the same number of workers on a higher minimum wage and will have to reduce their employees or shut down. All of these will increase unemployment among the low-skilled workers. Whenever the minimum wage is raised, it's always the lowest skill workers who suffer the most because they are the first to be given the sack. This perpetuates a poverty cycle because these low skill workers no longer have access to the lowest rung of the corporate ladder that they can use to build up skills and experience in order to climb. The supposed failure of trickle down economics is nothing more than a buzz phrase that is being used as a straw man. As described by the quote in my previous post, supply side economics is not about benefitting the rich first and the poor last. Every time an investment is made on a new project, the worker is always the first to get paid and the equity holder is always the last to be paid with whatever is left over. The raising of labour productivity through investments and innovations on the supply side is the only way to raise wages sustainably in the long run by growing the economic pie, as opposed to redistributing a section of the pie from one person to another and causing a shrinking of the pie in the process.
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2016-12-01, 04:05 | Link #2465 | |
Bittersweet Distractor
Join Date: Nov 2007
Age: 32
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2016-12-01, 06:49 | Link #2466 | |
Sekiroad-Idols Sing Twice
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2016-12-01, 08:45 | Link #2468 | ||
My posts are frivolous
Join Date: Nov 2008
Age: 35
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As I've mentioned in one of my earlier posts, supply side economics was shown to work in the early 1920s when the US economy ran into a massive recession that led to double digit unemployment at one point. The Mellon tax cuts, coupled with a fiscal contraction by Warren Harding, resulted in a rapid recovery that ushered in the roaring twenties.[1] Tax revenue actually went up from $700 million to $1 billion after the tax cuts, and the share of taxes paid by those earning above $100k went up from 30% to 65%. The reason why I say that the disparaging of "trickle down economics" is a strawman is because there is no such trickle-down theory being advocated for by any economist, and the actual legitimate theory of supply side economics works in the opposite order from that referred to by critics of the supposed theory. The phrase is simply used as a political pejorative and a scare tactic by those pushing for bigger government. Going back to the actual theory of supply side economics, the theory relies on two pillars: cutting taxes and cutting government spending. Implementing the former but not the latter will obviously lead to failure. The problem is not the theory itself but the failure of the presidents. Warren Harding specifically overruled his secretary of commerce, Herbert Hoover, when implementing his supply side policies. No other subsequent president has done the same, not even Reagan, because they allowed politics to decide economics instead of the other way round. And how about a policy of raising taxes? The top tax rate was 24% at the onset of the Wall Street crash in 1929, and the economy was already in recovery within two years, at which point taxes were repeatedly raised, causing the economy to tank into the Great Depression. Your assessment of Medicare only looks at the benefits and not the costs. I've discussed this before in one of my earlier posts, so I'm just going to quote Milton Friedman's brilliant response to an interviewer who argued the same thing as you did. And for US citizens your age, the high likelihood that social security won't last till you're 65 is something that you really should be worried about: There are many people who benefited from Medicare, but you’re not looking at the cost side. What has happened to the people who are paying for it? It isn’t — we don’t have a free good. It isn’t coming from nowhere. And are they benefiting from it, in a cost-effective way? Those are the questions. It’s demagoguery, if you’ll pardon me, Michael Harrington, to say the people who have Medicare are freer. Of course, in one dimension. But they themselves had been paying all their life, and have they gotten a good bargain? At the moment, they have. The young man, the young working people who are going into Social Security now, they’re going to get a very raw deal indeed. - Milton Friedman[1] My earlier post mistakenly attributed it to Hoover instead of Warren. Quote:
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Last edited by frivolity; 2016-12-01 at 09:45. |
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2016-12-01, 10:48 | Link #2469 |
Sekiroad-Idols Sing Twice
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The question is who the taxes were raised on because it doesn't mathematically add up to charge a higher % to lower incomes and a lower % to higher incomes, and how many exploits there are in avoiding those taxes. Those tax dollars then go to government which should be used for tuition free college, single-pay healtcare, repairing infrastructure, and so on, while also keeping corporations in check and prohibiting money in politics by law. Bernie's proposal against outsourcing inflicted penalties on business while Trump brought back the Carrier jobs after giving them a blowjob
In a system that makes, I'd be conservative if there's nothing to change. If America were caught up with the rest of the modern world for living wage, single-payer healthcare, and so on, there's almost no reason to be liberal. But the system doesn't make sense, and if anyone wants to bring up the cost of these things, my reflex is "really? we're the richest nation in the world and we can't figure out what the other modern nations have solved? We can ejaculate $2t on a fighter jet that doesn't work but we can't solve single payer healthcare? My asscheeks we can't figure it out; maybe prohibit the insurance companies from blowing you so you're not tempted to give them the reach around"
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2016-12-01, 23:39 | Link #2470 |
Bittersweet Distractor
Join Date: Nov 2007
Age: 32
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https://twitter.com/Redistrict/statu...07177368715265
I'm so happy Stein voters took an ideological stand. They must love what they just gave the country!
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2016-12-02, 01:55 | Link #2473 | |
Senior Member
Join Date: Feb 2014
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2016-12-02, 02:57 | Link #2474 | |
Senior Member
Join Date: Apr 2013
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2016-12-02, 02:58 | Link #2475 | |
Bittersweet Distractor
Join Date: Nov 2007
Age: 32
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All I'm seeing from Trump is that he's not draining the swamp, he's bringing the swamp he campaigned again. But don't worry, he tells it like it is guys.
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2016-12-02, 03:31 | Link #2476 | ||
Senior Member
Join Date: Apr 2013
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Also I don't get his PA calculation 99.8% of the votes are in meaning 5,970,107 voted with .02% remaining. Trump is ahead of Clinton by 68,236 votes. Jill has 48,912, even if we add the 0.2% to jill steins number, and proceed to give Clinton 100% of stein votes, Clinton would still be over 7000 short. In order for her to win PA she would need 100% of jill stein voters, and a portion of Johnson voters as well. So am I missing something? As for you tirade on people who didn't vote for her, it is debatable if they see the dem party as anything remotely progressive or even different from the rep party, especially with Hillary as the lead. You can fly with the lesser of the two evils thing though, as that is a more valid point. But why berate third party voters, when even the democratic party voters switched parties to trump? You can't be seriously closed minded enough to think a singular alternative candidate is the sole reason for her losing, right? I feel you are looking for scapegoats, and easy solutions to explain a complex multifaceted problem, that spans years, upon years of issues. It's easy to target/blame the weakest, and smallest minority, who are the least represented, and have the least political power.
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Last edited by sasoras; 2016-12-02 at 03:55. |
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2016-12-02, 08:10 | Link #2478 |
Takao Tsundere Cruiser
Join Date: Oct 2008
Location: Classified
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^A lot of foot in mouth moments.
I understand US Marines can be gentlemen in public and foul mouthed in the battlefield but if the new Def Sec insist speaking more like a devil dog and less of a proper Marine, a lot of people are gonna look at him weirdly or in a worse case, thinks he nuts and perpetuate the stereotype that US Marines are dumb.
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