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Recent content by JP Hochbaum

  1. JP Hochbaum

    Eliminate Payroll Taxes and Flat Tax Everything Sold

    Flat taxes are regressive, as the lower income you have, presumably, the more of your income you have to spend to live.
  2. JP Hochbaum

    I am voting for Bernie but can't stand some of Bernies supporters.

    Fox News poll has the 4 leading dems crushing Trump. So it is pretty obvious Bernie is electable.
  3. JP Hochbaum

    I am voting for Bernie but can't stand some of Bernies supporters.

    Feel free to post the blog, as I wrote it. It would be better if it wasn't me, lol.
  4. JP Hochbaum

    I am voting for Bernie but can't stand some of Bernies supporters.

    That pretty much nails it, lol.
  5. JP Hochbaum

    I am voting for Bernie but can't stand some of Bernies supporters.

    What did you see as: emotional appeals, falsehoods, and misrepresentations?
  6. JP Hochbaum

    I am voting for Bernie but can't stand some of Bernies supporters.

    Bernie and Busters make up about 8% of the total democratic voter base, according to 538. Does anyone else feel this way about these rabid Bernie fans? "Why do I continually plead with Bernie or Busters to vote for other progressive candidates if they win the primary? There are many...
  7. JP Hochbaum

    Why does everyone hate mmt?

    It seems like not so many people are hating it anymore. A 600-Page Textbook About Modern Monetary Theory Has Sold Out - Bloomberg
  8. JP Hochbaum

    Why does everyone hate mmt?

    Sorry to be away from this thread so long... So the little survey that was done on "prominent economists" actually made the great case for MMT. THey all implicitly say MMT is accurate, but that there would be inflation risk. Which is exactly what MMT says, to get away from the deficit...
  9. JP Hochbaum

    Where your taxes go

    We don't really pay interest on it either, and inflation is very difficult to come by in this economy.
  10. JP Hochbaum

    Why does everyone hate mmt?

    Not really a valid argument against MMT though, that is more a result of an uneducated voting populace.
  11. JP Hochbaum

    Why does everyone hate mmt?

    Quite a few misunderstandings and strawmen here. There is no need to interfere with an independent Federal Reserve. There is also no one saying that there will always be demand for the USD. Spending will still be done carefully and with inflation and dollar valuation taken into very important...
  12. JP Hochbaum

    Sectoral Balances 101

    Sorry I could see how the way I worded that is confusing. The foreign sector isn't +1, it is the private and foreign sector combined that is +1.
  13. JP Hochbaum

    Sectoral Balances 101

    "What this approach proposes is that there are 3 sectors to finance: government, private and foreign. In these examples, like the United States and numerous other countries, only one sector can create currency, the government sector." Sectoral Balances 101 | Heretical Druthers "Example 1...
  14. JP Hochbaum

    Where your taxes go

    Technically we don't pay that either.
  15. JP Hochbaum

    Where your taxes go

    When has a household ever had to pay off the national debt? I am still not sure why people apply the government debt to taxpayers, we don't actually ever have to pay it.
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