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Why is spending more money that we don't have the way out of a recession?

OscarB63

dotcom bubble,

The dotcom bubble never accounted for more jobs than 1/5 of the jobs gained under Clinton.


no wars in Iraq and Afghanistan,

That along with the taxcuts has us where we are now.

republican controlled congress helped out quite a bit,


Yep, halting government and a lamea** attempt at impeachment sure helped. :roll:


benefitted from the policies and gains made by Bush I.

Which were?

funny how many people fail to realize that most of the effects of policies are not felt for years.

Yet you’re here heaping a blame on a president that hasn’t been in office two years yet. :shock:


Clinton benefitted and got credit for gains created by Bush I policies and Bush II took the blame for losses caused by Clinton policies.

This is rich, Clinton in office eight years and here you are saying that he just happened to luck out from being wedged between two bushes. Woo Hoo, hope you stick around your going to be a hoot. :lamo
 
phattonez

The "jobs created" statistics is one of the greatest farces ever to face economics.

So tell me how it should be done, so we can get a better handle on the jobs created under the previous administration. :confused:
 
So tell me how it should be done, so we can get a better handle on the jobs created under the previous administration. :confused:

Regression of the unemployment rate.
 
Regression of the unemployment rate.


Here you figure this s*** for me, I have enough trouble with my logbook. The bush administration had a net gain of 1 million jobs over the eight years of his Presidency. So what is the real number according to “regression analysis“?:confused:
 
I think what liberals don't realize is that spending your way out of a recession is never a long term, real, solution. Why? Because it's basically like taking your credit card bill and handing it to your children. You may not have to pay it, but eventually they will. It gets to a point where there is so much credit card debt being handed to the next generation that they won't be able to pay it off, and that is going to be the fall of the United States. I predict a global economic crisis, the likes that were seen only during the great depression, in the next 20-30 years. You can't just print more money and call that "creating wealth." All you do is devalue the existing dollar.

OF COURSE tax cuts are a fantastic way to stimulate the economy, any idiot would understand that. But that's ONLY if you have a gov't that can cut spending and entitlements to reach that goal. Since nobody wants to be the one who picks the group of people who are "sacraficed" for the good of the country, we all continue on this unsustainable road in which the entire nation, instead of a small group, will suffer.

It's got to change. The national debt and deficit aren't just numbers on paper, they are real. And at some point it can't go any further. There will be equal blame to go around when its all said and done because BOTH parties are just about themselves and never for the good of the country. Oh sure, they SAY they are, but actions speak louder than words. On one side you have liberals who think taking from the rich and giving to the poor is a strategy to help a nation that is struggling (and again, any idiot could figure that's never worked before, so why keep doing it?) and on the other side you have republicans who speak of tax cuts, but can't get spending under control. While that's not as stupid as the democrats taking people's money, it's going to end up with the same result. The democrats don't even hide the fact that they want to take your money, while the republicans happily give you your money back, but then spend us into oblivion.

I guess conservative really doesn't mean that anymore. I can see why the tea party got started. If we'd have two decent parties in office who would work together for the GOOD OF THE COUNTRY we would be just fine. But as long as crooked politicians on both sides are allowed to control the purse strings, we'll never get out of this mess, and not only that, we may literally fall, this great nation, into a pit that we are unable to get out of for years, if not decades.

I have a feeling the great depression will be looked at as a time of plenty with what is in store for this nation if we don't get our act together and do it NOW.
 
Here you figure this s*** for me, I have enough trouble with my logbook. The bush administration had a net gain of 1 million jobs over the eight years of his Presidency. So what is the real number according to “regression analysis“?:confused:

Regression analysis is pretty simple. Just look at unemployment (say by month) and then you'll get a general trend produced. That general trend line will show you if the unemployment rate tended to rise or tended to fall over a period of time.

Jobs created, what does that even mean? Does it mean I have more jobs than before? Does it count those people who lost jobs and then found one? Could I have a situation where 5,000,000 lost jobs and 3,000,000 lost jobs, and even though I have a net loss of 2,000,000 I can go off spouting that I created 3,000,000 jobs? There is a reason that we use unemployment rate and not "jobs created."
 
I know I've said this before and I'll say it again, this screams of Marxism, where the gov't owns 100% of what you make and then decides how much of it you get back.

i know i have said THIS before - this is about as simplistic as a pretense of knowledge gets. You are still running from the boogieman without ever having looked back to see if he is really even there. you are free to simply sit back and let ideologues fill your head with sand but please do not suggest that the rest of us are obliged to allow you to spill that sand all over us.
So you should FORCE someone....
the difference between any actual Marxist nation and THIS nation is that THIS nation is democratic. I cannot force you to do anything. I can only determine what i consider to be the best policy options and pursue them, usually through a representative. YOU get to do the same thing. So do the rich folks. The policy with with the greater number of supporters is the one that we follow. this is because, in as policy is likely to affect a great number of people, an agreement among the majority of those folks is the closest we can come to a just determination of policy.

i have an old 10th grade civics book you can borrow if your understanding of how policy is determined in a democracy is a trifle rusty. What we do not do is FORCE people. we vote.

It would be helpful if you were to come to better appreciate the difference between 'political' and 'economical'. The great horror of soviet communism was political oppression. Their implemenentation of marxism was little better than OUR implementation of Capitalism, which is to say, lousy.

Soviet (and for that matter, Sino) communism was (and is) better described as state capitalism. if you are unfamiliar with the term, i can recommend some research sites where you can bone up on the matter.

and... socialism is not restricted to marxism. people were practicing cooperative economics well before the 19th century, just as we were practicing competitive economics well before the 18th century. in fact, the best anthropological data we have suggests that 'cooperative materialism' is the earliest and most wide spread form of social organization humans have ever employed.

We had a president that gave not a rat's ass about you or how much money you had or whether you were ever going to "excell" [sic]. Geo Bush was a corporate punk and an ideologically rigid economic class elitist, not to mention a religious fanatic who appeared to justify his indifference to individual well being on the premise that his god was on his way back any day now.

it would appear that he was mistaken.

geo.
 
dontworrybehappy

I think what liberals don't realize is that spending your way out of a recession is never a long term, real, solution. Why? Because it's basically like taking your credit card bill and handing it to your children. You may not have to pay it, but eventually they will. It gets to a point where there is so much credit card debt being handed to the next generation that they won't be able to pay it off, and that is going to be the fall of the United States.

You mean a liberal President like Clinton who took the 66.1% debt, to GDP, that George the first left him and eight years later decreased it 9.0%, to 0.45%. :2wave:


I predict a global economic crisis, the likes that were seen only during the great depression, in the next 20-30 years. You can't just print more money and call that "creating wealth." All you do is devalue the existing dollar.


Murky musta loaned you his crystal ball over the holiday eh? :mrgreen:


OF COURSE tax cuts are a fantastic way to stimulate the economy, any idiot would understand that. But that's ONLY if you have a gov't that can cut spending and entitlements to reach that goal. Since nobody wants to be the one who picks the group of people who are "sacraficed" for the good of the country, we all continue on this unsustainable road in which the entire nation, instead of a small group, will suffer.


Only if there paid for.

It's got to change. The national debt and deficit aren't just numbers on paper, they are real. And at some point it can't go any further. There will be equal blame to go around when its all said and done because BOTH parties are just about themselves and never for the good of the country. Oh sure, they SAY they are, but actions speak louder than words. On one side you have liberals who think taking from the rich and giving to the poor is a strategy to help a nation that is struggling (and again, any idiot could figure that's never worked before, so why keep doing it?) and on the other side you have republicans who speak of tax cuts, but can't get spending under control. While that's not as stupid as the democrats taking people's money, it's going to end up with the same result. The democrats don't even hide the fact that they want to take your money, while the republicans happily give you your money back, but then spend us into oblivion.


Like shooter said “Reagan proved that deficits don't matter. “kinda looks like were going to find out doesn’t it?


I guess conservative really doesn't mean that anymore. I can see why the tea party got started. If we'd have two decent parties in office who would work together for the GOOD OF THE COUNTRY we would be just fine. But as long as crooked politicians on both sides are allowed to control the purse strings, we'll never get out of this mess, and not only that, we may literally fall, this great nation, into a pit that we are unable to get out of for years, if not decades.


Good, lets form a viable third party but in the meantime we have this s*** to contend with.:thumbs:


I have a feeling the great depression will be looked at as a time of plenty with what is in store for this nation if we don't get our act together and do it NOW.

Nah, were out of the woods now, you’ve been listening to "Coast to Coast" to much; all we have to do is start getting the money back from those we loaned it to, interest free, ten year ago.
 
You mean a liberal President like Clinton who took the 66.1% debt, to GDP, that George the first left him and eight years later decreased it 9.0%, to 0.45%. :2wave:





Murky musta loaned you his crystal ball over the holiday eh? :mrgreen:





Only if there paid for.




Like shooter said “Reagan proved that deficits don't matter. “kinda looks like were going to find out doesn’t it?





Good, lets form a viable third party but in the meantime we have this s*** to contend with.:thumbs:




Nah, were out of the woods now, you’ve been listening to "Coast to Coast" to much; all we have to do is start getting the money back from those we loaned it to, interest free, ten year ago.

Don, how are we out of the woods? We have never owned more money than we do today and its been a very long time since we've had unemployment at current levels. Please show details of how we're out of the woods, because I sure see some thick ass trees ahead.

Oh yea, we all know how liberals think. GWB had 4.5% unemployment during his presidency, but liberals say that was because of the impeached Clinton. Obama has 10% unemployment post a 1 trillion dollar spending bill and that's because of GWB. So if it's good news, it's caused by dems, if it's bad news its caused by republicans and is absolutely irrelevant to who is in office during that time.

Got it. You are officially a partisan hack.
 
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don, So if it's good news, it's caused by dems, if it's bad news its caused by republicans and is absolutely irrelevant to who is in office during that time.

got it. You are officially a partisan hack.

b-i-n-g-o!
 
Oh yea, we all know how liberals think. GWB had 4.5% unemployment during his presidency, ....

no... there are those of who know that Bush INHERITED a 4.5 unemployment rate from his predecessor... by jan 2002 it had risen to 6.5 percent and hovered there for the next 6 years rising to 9 percent within 6 months of his leaving office, which can hardly be attributed to his successors policies as his successor had instituted none yet.

a certain class of ideologue will be attempting to pretend that the Bush administration was not a national catastrophe for some time to come, i suppose.

You are officially a partisan hack.

is there an echo in here?

geo.
 
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no... there are those of who know that Bush INHERITED a 4.5 unemployment rate from his predecessor... by jan 2002 it had risen to 6.5 percent and hovered there for the next 6 years rising to 9 percent within 6 months of his leaving office, which can hardly be attributed to his successors policies as his successor had instituted none yet.

a certain class of ideologue will be attempting to pretend that the Bush administration was not a national catastrophe for some time to come, i suppose.





geo.

is there an echo in here??? sound to me like the same "dems good, pubs bad" tripe that goes round and round.

clinton good gave bush a low rate which he jacked up
bush bad gave obama a rate which he jacked up

funny how you claim the rate under Bush was constant for 6 years and then suddenly jumped up to 9% under Obama, but that isn't obama's fault. Who's fault could it be, who legislated the policies that could be affect the rate now....could it be the democrat controlled congress that took over during the last half of Bush's tenure?
 
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is there an echo in here??? sound to me like the same "dems good, pubs bad" tripe that goes round and round.
no... not the same. If you ever hear me proclaiming how wonderful Clinton was... you can make that claim. Clinton was, as are most presidents, a mixed bag. BUSH was a catastrophe, plain and simple.

and no, the unemployment rate rose to over 9% within months of Obama's taking office. That he has not done much to lower it... is a legitimate claim. That he caused it... is not.

could it be the democrat controlled congress that took over during the last half of Bush's tenure?

sure could and is. and because it is, it is also OUR fault... WE were not paying enough attention becuase OUR pockets were being lined.

but that is a democrat AND republican congress, unless you think that you can show policy that was rammed through by democrats that directly affected the economy.

i don't think you can. Bush increased our financial obligation while cutting revenue. it really IS as simple as that. Congress, both sides of the aisle, went along. Bush and Clinton and Bush and Reagan have been relaxing regulation or ignoring the need for it as new 'profit vehicles' arose. and congress, both sides, went along.

the only person running for national office in the last quarter century who actually advocated serious financial restraint as protection for the consumer was Nader... who most folks laughed at.

geo.
 
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the only person running for national office in the last quarter century who actually advocated serious financial restraint as protection for the consumer was Nader... who most folks laughed at.

geo.

now that I can agree with
 
no... not the same. (Not the same because I am a liberal partisan hack and so I'm going to now go on with bull**** to try and muddy up the issue and get you off topic.) If you ever hear me proclaiming how wonderful Clinton was... you can make that claim. Clinton was, as are most presidents, a mixed bag. BUSH was a catastrophe, plain and simple. (Bush had unemployment numbers several points lower than Obama did, but Bush is a catastrophe. A partisan hack would say this.)

and no, the unemployment rate rose to over 9% within months of Obama's taking office. That he has not done much to lower it... is a legitimate claim. That he caused it... is not. (Of course he didn't, because you're a partisan hack.)



sure could and is. and because it is, it is also OUR fault... WE were not paying enough attention becuase OUR pockets were being lined.

but that is a democrat AND republican congress, unless you think that you can show policy that was rammed through by democrats that directly affected the economy. (How about the stimulous spending bill that did nothing but add to people's fear and the national debt? How about the health care bill?)

i don't think you can. (But, buddy, I just did) Bush increased our financial obligation while cutting revenue. it really IS as simple as that. Congress, both sides of the aisle, went along. Bush and Clinton and Bush and Reagan have been relaxing regulation (or ignoring the need for it as new 'profit vehicles' arose. and congress, both sides, went along.

the only person running for national office in the last quarter century who actually advocated serious financial restraint as protection for the consumer was Nader... who most folks laughed at.

geo.


The ten required characters.
 
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The ten required characters.


???

when you have more to say than "nuh uh", lemme know.

personally, i belong to no party and have voted third party and independent as often as for any member of any party.

geo.
 
You mean a liberal President like Clinton who took the 66.1% debt, to GDP, that George the first left him and eight years later decreased it 9.0%, to 0.45%. :2wave:

More important would be the deficit and unfunded liabilities. Kind of decieving not to mention that.

Like shooter said “Reagan proved that deficits don't matter. “kinda looks like were going to find out doesn’t it?

Then Greece and Iceland should have proved that they do in fact matter.

Good, lets form a viable third party but in the meantime we have this s*** to contend with.:thumbs:

The party system and voting are inherently flawed (Arrow's Impossibility Theorem). It really doesn't matter. Just limit the power that these crooks have so that they can only do so much damage.
 
Geo, gibberish is all that's needed to rebut gibberish.

Amen to this. Limit both parties, or start holding these bastards accountable with fines and jailtime when they make promises and don't keep them. This way they'll not make ones they can't keep.

More important would be the deficit and unfunded liabilities. Kind of decieving not to Kmention that.



Then Greece and Iceland should have proved that they do in fact matter.



The party system and voting are inherently flawed (Arrow's Impossibility Theorem). It really doesn't matter. Just limit the power that these crooks have so that they can only do so much damage.
 
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dontworrybehappy

Don, how are we out of the woods? We have never owned more money than we do today and its been a very long time since we've had unemployment at current levels. Please show details of how we're out of the woods, because I sure see some thick ass trees ahead.

I hate to say it but I believe shooter, was right when he said ““Reagan proved that deficits don't matter”. Indeed, we have had debt as a percentage of GDP that exceeded our 2009 Debt As a Percent Of GDP, (83.29) six times in the twentieth century, following WW11.

In 1945 Debt As Percent Of GDP was 116.00,in 1946 it was121.25,in 1947 it was 105.81, in 1948 it was 93.75,and in 1949 it was 94.60.

I assume the war had something to do with it but also the rebuilding of Europe also was involved in it as well.



Oh yea, we all know how liberals think. GWB had 4.5% unemployment during his presidency,

Comeon Brandon, do you really want to build that strawman? Comparing unemployment rates of an eight-year Presidency with one that is approaching two years. If so, lets take a look at the jobs created for the best two years of George the second and compare them with the first two years of Obama. Kinda hard comparing when all you have is negative numbers isn’t it?



but liberals say that was because of the impeached Clinton.

HUH??? :shock:


Obama has 10% unemployment post a 1 trillion dollar spending bill and that's because of GWB.

Seeing as you what to compare Presidencies, On the day George the second took office, the national debt stood at $5.727 trillion. On September 29, 2008 the debt was $9.849 trillion. Wooo…bummer,$4 trillion added to the national debt.


So if it's good news, it's caused by dems, if it's bad news its caused by republicans and is absolutely irrelevant to who is in office during that time.

Sure proud you finally figured that one out.



Got it. You are officially a partisan hack.

I,m shocked I tell ya, shocked. :lamo
 
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oh, well, it would if that were what you were doing rather than making pithy remarks. or did i miss something? nothing wrong with pithy comments, of course, i indulge in them myself as the occasion permits. but they do not offer much room for rebuttal

Is that because you generally agree with the sentiment?

everyone knows libertarians are just better dressed republicans who smoke pot....

That is the joke about us, but I'd call it an ideological stereotype. If you take the maximum number of issues, line them up, and then ask a libertarian (in the classical liberal sense) where he/she stands on each particular issue, you'll find that we're a lot closer to liberal democrats than we are to conservative republicans. This is because we, as classical liberal libertarians, generally agree with liberal democrats on foreign policy. There is a caveat, because liberal democrats actually fueled the rise of internationalism and nation-building as a practicing American foreign policy. I (and several of my colleagues) do not agree with nation-building, and both democrats and republicans engage the idea on several occasions.

We do, however, strongly agree with the notion of soft power, which has been popularized by liberal democrat thinkers. We made Ron Paul famous because he could reach out to both free-market conservatives and soft-power liberals.

In terms of many social and civil issues, we side with the liberal democrats. When it comes to matters of economics, we almost always side with the conservative.

a big "IF".

history suggests it simply does not work that way. it may, given the right circumstances. i am no economist, but what is often said and seems to make sense is cut taxes across the board when things are going well, the difference to be made up for in volume... more people making more money means more revenue, the same revenue with judicious cuts. this was the premise behind the first (prewar) Bush cuts. and it likely wudda worked IF he hadn't started the wars.

I don't see it as a big IF, but rather as a necessity. If corporations only care about growth and profit, then it's impossible without expansion. And expansion is impossible unless you build more faclities and expand the payroll.

It's absolutely nonsense to think that giving the money back to the people who earned it means it will somehow "trickle down." "Trickle down" most often resembles a centralized government distributing largesse to one minority at the expense of another, in order to balance the Gini index. The most powerful men in Washington, D.C., and in fact the entire world, want to take your money and spend it on the programs they deem necessary. Instead of giving it to the individual in order to give the individual greater power, central planners would rather garnish more of our wages to pay for the sleuth of entitlement programs and generous pension funds that are bankrupting treasuries across the U.S.A. If the most powerful men in the world are deciding our own finances for us, how is that EVER considered "bottom-up development" or "trickling up?" It's not. It's the exact opposite; top-down, centralized trickle down economics is more like it.

do not cut revenue when expenditures are great. nobrainer, right. Bush did anyway.

The revenue that the public employees are squandering in order to fulfill some sort of moralistic prophecy is forcibly taken from citizens who have rightly earned it. It is true that some taxes are necessary. But the government controls roughly 40% of the nation's income and (imho) they waste the majority of it on unnecessary, unethical programs.

cut taxes on low income and middle class in dire conditions to protect them, firstly, and to fuel the economy.

How about a flat income tax system with certain exemptions?

maybe cut corportate tax in those instances to free development and payroll monies. not all corporations get the idea, though.

Cutting taxes on all businesses is generally a very good idea. When the money is returned to the people, they can use it however they like. If they use it well, they flourish. If they misuse and/or waste the funds, they're SOL. At least in this instance, they're given the power and responsibility. We don't even give them the power to run their own lives. We let moralistic busybodies run it for them, at others expense.

do not cut taxes on the rich in dire times. they do not need the assistance. cold? yeah. hard times oblige extra effort.

And how much is enough? If people are making $200,000 a year and flying their own private planes while others are starving with zero income, does that justify taking the majority of the rich man's money (hey, if I can live on 50,000$ a year and LESS, so can the $200,000 earners) and dispersing it across the economic landscape?

Again, which country in history has ever taxed itself to prosperity? What happens when you tax the **** out of the wealthy? They leave and they take their wealth and all their ingenious ideas with them.
 
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Is that because you generally agree with the sentiment?
to be honest, i have forgotten what the pithy remark was. i dismissed it because i did not think you were actually trying to make a point. if i was wrong, please correct me. on that note, our exchange of the occasional barb (all in good fun, of course) notwithstanding, this is a damned good discourse and i thank you for it.
That is the joke about us, but I'd call it an ideological stereotype.
yes, you are right and as such lacks much content... but it does have SOME content... and it is funny.
If you take the maximum number of issues, line them up, and then ask a libertarian (in the classical liberal sense) where he/she stands on each particular issue, you'll find that we're a lot closer to liberal democrats than we are to conservative republicans.
I felt this way once, too... back in the early days of the party when i actually registered as a libertarian prior to the '76 election while opposition to war and conscription was still a central party plank. a lot went into my later change of heart, which we can discuss another time, but the party, or rather, the philosophy behind it, has change dramatically. it has been usurped by randism which is, in my view, diametrically opposed to humanism, which i think the most just and moral social phlosophy of all.

It is this pretense of 'classical liberalism' that really chews my ass and caused me to reject the party. it is nonsense. aside from the fact that there is nothing 'classic' about it, it is untrue to the liberal tradition. Libertarians have appropriated certain of the rhetorical stances of Locke, Mill, Bentham et al, but in fact, reject most of the real liberalism of these folks that contemporary liberals continue to pursue, if ineffectually, specifically the well being of ALL the people.
In terms of many social and civil issues, we side with the liberal democrats. When it comes to matters of economics, we almost always side with the conservative.
which is a serious problem. A brief look at history since the Civil War will show that, in pursuit of the 'general welfare', conservatives have been wrong repeatedly. conservative economic policies do, in fact, produce huge disparities in economic class. Even Smith did not intend that.

The frequency with which i have had to argue that Liberty and Property are NOT actually conjoined at the hip hurts my head. yes, the freeing of property was essential to freeing citizens but it was a step, not the end objective. libertarians are republicans in drag when it comes to fashioning moral and effective economic policy.
It's absolutely nonsense to think that giving the money back to the people who earned it means it will somehow "trickle down."
one of us has a misunderstanding of that term, i think. what you describe is "trickle up". Reagan's 'trickle down" IS nonsense. rich folk are no more inclined to put money into circulation for the explicit benefit of others than anyone else is.
Instead of giving it to the individual in order to give the individual greater power, central planners would rather garnish more of our wages to pay for the sleuth of entitlement programs and generous pension funds that are bankrupting treasuries across the U.S.A.
sorry, but this sounds a least a little tinfoil hattish... many politicians want to do things because they love being in positions of power. the best way to maintain that position to to pander and pandering costs money. Many others, though, have a real sense of commitment to the people they represent and work hard for their benefit. The best realize that benefiting one group while harming another is NOT the best way to better things. not many of those, though.
If the most powerful men in the world are deciding our own finances for us, how is that EVER considered "bottom-up development" or "trickling up?" It's not. It's the exact opposite; top-down, centralized trickle down economics is more like it.
well, there is something in THAT. but, the alternative is every man for himself and even pretending that we are all moral, just caring people we are also mostly ignorant about money past paying the rent. We have others looking after our interests at our behest and at our instruction in most of our lives. to negate the value of doing so when attempting to run a nation would be ridiculous. the disquieting strain of anarchism in the Party is enough to turn most folks off.
The revenue that the public employees are squandering in order to fulfill some sort of moralistic prophecy is forcibly taken from citizens who have rightly earned it.
taken by force? by whom? the faceless gummint? the government is not faceless, it has millions of faces including yours.
It is true that some taxes are necessary. But the government controls roughly 40% of the nation's income and (imho) they waste the majority of it on unnecessary, unethical programs.
then... identify the programs and organize opposition to them. if you can get enough people to agree, you win.
How about a flat income tax system with certain exemptions?
what exemptions? personally, i think most exemptions are not much good. even for children, to tell the truth. it is time that we stop encouraging people to add to the already excessive numbers of humans.

a flat wealth tax and acquisition (sales) tax could work. wealth, not income because wealth is power and we should have to pay for the power we wield over others.
Cutting taxes on all businesses is generally a very good idea. When the money is returned to the people, they can use it however they like.
you assume a correlation between a business saving money and that money making it back out into the population. i do not see a lot of evidence for that. a tax break on monies that have been shown to been used so would be a good thing. m. Obama has proposed just such a savings... it is getting a great deal of opposition.
We let moralistic busybodies run it for them, at others expense.
you have used this phrasing before... what social philosophy is more specifically "moralistic" than Objectivism? Rand was as tightassed a moralist as any religious zealot.
If people are making $200,000 a year and flying their own private planes while others are starving with zero income, does that justify taking the majority of the rich man's money and dispersing it across the economic landscape?
majority? can you show that to be true? even a 50% plus income rate is still not the majority of an individual's wealth.
Again, which country in history has ever taxed itself to prosperity? What happens when you tax the **** out of the wealthy? They leave and they take their wealth and all their ingenious ideas with them.
yeah? who has gone? last i looked, m. Gates was still behind his gates.

i WILL address the question of the correlation of tax and prosperity, perhaps tomorrow. but in brief, ANY nation that can show much prosperity has had considerable tax.

geo.
 
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This is all I could find on whether rich people are leaving or not. It was made during the Bush era so it might be worse now, but I can't find any true raw data or studies on this so it's going to have to be labeled as an "unprovable."

Are Rich Americans Leaving The Country?
 
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Let’s just keep the debt going, let’s see how fast we can hit 1 sextillion. :lamo
 
i have forgotten what the pithy remark was. i dismissed it because i did not think you were actually trying to make a point

The pithy remark was in regards to the debt ceiling and the Fed Reserve. The pithy comments were an attempt at making a point, which is that the government often spends far beyond its means, and it has the capability and authority to do so on an infinite basis. Needless to say, we need a change of course, and taxing all the citizens into oblivion in order to maintain all the sacred cows is not a sustainable future.

yes, you are right and as such lacks much content... but it does have SOME content... and it is funny.

Only in as much content as you give it. How much would I accomplish in this debate if I just resorted to calling you a closet Marxist?

...while opposition to war and conscription was still a central party plank.

Last I heard, it still was. But of course, there are a variety of libertarians (which is why I claimed they were so diverse). I don't understand how maximum individual power and maximum societal power can somehow be merged as one philosophical foundation (i.e. collectivist anarchism). But then again, if Glenn Beck and Noam Chomsky can both be members under the same ideological umbrella, then there's room for everyone!

it has been usurped by randism which is, in my view, diametrically opposed to humanism, which i think the most just and moral social phlosophy of all.[/quote

Randism is simply the objectivist philosophy, which defines ethical egoism as the supreme virtue of humanism. Whether you'd like to agree or not, objectivism is a study and/or philosophy under humanism. Humanism is a pretty broad term. Why then, do you consider objectivism as diametrically opposed to humanism, simply because it favors rational self-interest over sacrificial altruism? Rand believed that all human beings share a harmony of interest so that a moral agent could not rationally harm another human. It's not my exact cup of tea, but I recognize the merit in such thought. The idea that you must live for the sake of others is dubious, imho.

It is this pretense of 'classical liberalism' that really chews my ass and caused me to reject the party. it is nonsense. aside from the fact that there is nothing 'classic' about it, it is untrut e to the liberal tradition. Libertarians have appropriated certain of the rhetorical stances of Locke, Mill, Bentham et al, but in fact, reject most of the real liberalism of these folks that contemporary liberals continue to pursue, if ineffectually, specifically the well being of ALL the people.

John Stuart Mill changed his economic views considerably, over time. This is why you have both libertarians and socialists being influenced by his work. But where do you get this idea that libertarians reject the well being of all people? If our goal is to empower each individual with dignified rights and personal responsibility, whose to say that is rejecting their well being?

Also, where is the evidence that Libertarians pervert any of the work by Locke, Mill, or Bentham? You didn't use the word 'pervert,' but you certainly implied that if Libertarians of today do not follow the ideals of these three men to the purist extreme, then they can never be considered classical liberals. These three men had a great influence on the libertarian movement, in more ways than one. But does that mean all libertarians must agree with everything Lock, Mill, and Bentham said in order to rightly consider themselves 'classical liberals?' Of course not! I would like to note that these great thinkers championed for individual liberty and social contract- both of these concepts are openly embraced by the libertarians of today. I'm personally influenced by many of the ideas originating from these men, but this philosophical triangle is not the all-inclusive circle of classical liberalism. What about the ideas of Max Stirner, Frederic Bastiat, Jean-Baptiste Say, Thomas Hobbes, Friedrich Nietzsche, David Ricardo, Adam Smith, Murray Rothbard, Friedrich Hayek, Milton & Anne Friedman, Thomas Paine, James Madison, Andrew Jackson, etc.?

Granted, not all the above names are 'classical liberals,' but each have directly influenced the ideas of modern libertarians in one way or another(and I'm speaking from experience).

conservative economic policies do, in fact, produce huge disparities in economic class. Even Smith did not intend that.

But Ricardo did. The only cases in recorded history where the lot of the ordinary man has been able to rise out of grinding power is where you had largely free trade, and the ablity of individuals to specialize in a trade, profit from that trade, and to acquire private property so that he or she may develop a grounded identity. You cannot develop your own, unique identity if all you are is just another ant in the ant colony. Capitalism and free trade are by far from perfect, but it's the best system, so far conceived.

yes, the freeing of property was essential to freeing citizens but it was a step, not the end objective.

Of course it is not the only freedom, but it is certainly the most fundamental of ALL individual liberties. Why? Because individuals need to be free to develop their own sense of identity, and you cannot develop an identity if you are restricted from acquiring any sort of hard material possessions, or are required to serve others (or the state) instead of serving yourself. If the individual is forced to rely on the state for his/her earthly possessions, then it becomes apparent that the state is obligated to develop the character of the individal, and therefore the individual has not been freed from collective supremacy.

libertarians are republicans in drag when it comes to fashioning moral and effective economic policy.

I don't appreciate that statement. And if anything, you've got it backwards. When conservatives look towards an academic economist for answers, they rely on the conclusions found and research conducted by prominent libertarian economists.

one of us has a misunderstanding of that term, i think. what you describe is "trickle up".

When I think of "trickle down," I automatically think of money being dispersed at the highest level of authority (the federal government) with the intention of traveling down towards the common individual. I do not think of it in the same sense that most people understand the concept. On the other hand, "trickle up" conjures up the image of grassroots development, where money and trade circulating at the very basic level of human interaction facilitates with the building of an entire community, from the bottom-up.

Many others, though, have a real sense of commitment to the people they represent and work hard for their benefit. The best realize that benefiting one group while harming another is NOT the best way to better things. not many of those, though.

Just remember that politicians are in the business of telling you what you want to hear, not necessarily what is good for you or for society, as a whole. All persons seeking political power must be scrutinized to an unreasonable degree.

well, there is something in THAT. but, the alternative is every man for himself and even pretending that we are all moral, just caring people we are also mostly ignorant about money past paying the rent. We have others looking after our interests at our behest and at our instruction in most of our lives. to negate the value of doing so when attempting to run a nation would be ridiculous. the disquieting strain of anarchism in the Party is enough to turn most folks off.

This is not "every man for himself." Very few men and women are out there, completely isolated from everyone else. Nearly the entire majority of citizens are not in this world by themselves. They have themselves, their family, their friends, and their closest neighbors. These connections help each of us succeed in life. Libertarians are not anarchists; they are minarchists and there is a fundamental difference.

taken by force? by whom? the faceless gummint? the government is not faceless, it has millions of faces including yours.

You will never see my face representing the mob that disregards the rights of any minority. The smallest minority is the individual, and you cannot claim to be a supporter of minority rights if you reject or sneer at the concept of individual liberty.

what exemptions? personally, i think most exemptions are not much good. even for children, to tell the truth. it is time that we stop encouraging people to add to the already excessive numbers of humans.

Such sentiments are an open invitation to eugenics and other means to "decrease the surplus population." If you're so worried about the population bomb, then what are you doing championing for a welfare state that struggles to alleviate the pain of overpopulation. If overpopulation is really your main concern, then are you relieved when x number of people die from a natural and/or man-made disaster? After all, under the prediction of a Malthusian catastrophe, it would be better for a grand number of people to die from some disaster than it would be to allow the population bomb to force all humankind into subsistence-level conditions. "Are there no work houses?! Are there no prisons?!" Personally, I reject the catastrophic theory as another doomsday prediction (and a very dated prediction at best). I strongly believe that human population levels are already kept in a natural check because necessity is the mother of all invention.

a flat wealth tax and acquisition (sales) tax could work. wealth, not income because wealth is power and we should have to pay for the power we wield over others.

Have you ever researched the effects of a luxury tax in this country and elsewhere? In Norway, the purchase of chocolate and cars are considered a luxury. In Ireland, some hygiene products are considered a luxury.

you assume a correlation between a business saving money and that money making it back out into the population. i do not see a lot of evidence for that. a tax break on monies that have been shown to been used so would be a good thing.

Given that a business is an association of individuals pursuing their own common interest, I don't see why that is not "making it back out into the population." If money is power, then let's give each individual the ability to reap more benefits from their own labor and their own ideas. Individuals are far smarter with their own money than politicians on the other side of the country who only manage to frivol away other people's money (and not just other people's money, but the money from their unborn children and grandchildren).

what social philosophy is more specifically "moralistic" than Objectivism? Rand was as tightassed a moralist as any religious zealot.

Sure, Ayn Rand had morals, and so did FDR. The difference was that Rand was not willing to shove her morals down your throat.

majority? can you show that to be true? even a 50% plus income rate is still not the majority of an individual's wealth.

I was referring to the example of the 200,000$ earner and the impoverished, starving individual. What I said was that if you took 50% away from the rich man's annual salary in order to finance a decent lifestyle for the homeless person(s), it is not justified. And you responded by saying 50% of a person's income is not 50% of their wealth, implying that more should be confiscated for the good of the colony.

yeah? who has gone? last i looked, m. Gates was still behind his gates.

Is it so surprising that those with money and ideas wish to immigrate to America, the ideal place where you can reap what you sow? Last I checked, the richest men and women in America weren't even born in America.

ANY nation that can show much prosperity has had considerable tax.

And how are you able to prove that the former was a direct result of the latter? I beg to differ. Free trade is the only sustainable avenue towards national prosperity, not taxes.
 
great post. challenging and fun. but i will have to come back to it.

one note... free trade and taxation are not mutually exclusive practices... in fact, there has never, to my knowlege, been a free ecomomy that was not dependent in taxation, if only to protect the trade.

geo.
 
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