Just fukkin around, but you will be able to dominate this impending topic, the rest of us will have to do a lot of googling.
Protecting the rentier class
- Thread starter Ricter
- Start date
Just fukkin around, but you will be able to dominate this impending topic, the rest of us will have to do a lot of googling.
Alright guys here it is...
http://www.elitetrader.com/vb/showthread.php?s=&postid=3581366#post3581366
Does anyone want me to provide a quick background to get things started?
http://www.elitetrader.com/vb/showthread.php?s=&postid=3581366#post3581366
Does anyone want me to provide a quick background to get things started?
When faced with the reality that Keynes was a supply sider brass would rather bullshit...
Keynes --
Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget. For to take the opposite view today is to resemble a manufacturer who, running at a loss, decides to raise his price, and when his declining sales increase the loss, wrapping himself in the rectitude of plain arithmetic, decides that prudence requires him to raise the price still more--and who, when at last his account is balanced with nought on both sides, is still found righteously declaring that it would have been the act of a gambler to reduce the price when you were already making a loss
Keynes --
Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget. For to take the opposite view today is to resemble a manufacturer who, running at a loss, decides to raise his price, and when his declining sales increase the loss, wrapping himself in the rectitude of plain arithmetic, decides that prudence requires him to raise the price still more--and who, when at last his account is balanced with nought on both sides, is still found righteously declaring that it would have been the act of a gambler to reduce the price when you were already making a loss
See? It's just not worth it. You've already said this to him before, and more than once, I believe. Even so, he thinks he's being fresh and clever. Jem is like a surgeon with mittens. Being a black-and-white, all-or-nothing kind of guy relieves him of having to think or exercise judgment. You've seen him obliterate all manner of context, let alone nuance, in any of the science threads he participated in. As I said, he specializes in shoe pudding.
Now we are heading in the right direction.
There are times when lower taxes can improve the economy....
Brass you remember lying your ass off about tax cuts preceding higher revenues....
All of a sudden you wish to truthful? Cool.
Guess what - now might be another one of those times.
Cap spending lower taxes - grow into balance.
Just like Keynes said.
Higher Taxes is the exact opposite of what needs to be done.
Frankly I would prefer to restructure the tax code... but at least we can all agree on lowering axes and capping spending. for the good of the country-- right?
Depends on what taxes we're talking about. Lowering corporate taxes is useless, they themselves report that it is a lack of sales holding back hiring, and they are also reporting record profits and cash holdings.
If you are referring to lowering income taxes, then this is another one of those issues where your perspective gets no traction from either liberal or conservative. Maybe it's wrong, but it is real.
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Good points TT;
i agree.{partial disclosure, my Dad spent/invested most of his life in banking, so i may have a small, bias...}
But even the gold & silver dealers[like Larry Bates .. who generally are NOT kind to the fed] admit 1n 1929 that was a mistake to tighten interest rates.
We can ot honestly blame the fed for ;
Spanish socialists,Springfield socialists, Chicago crooks,Detroit socialists, Detroit muslims,Greek socialists,
JPM C, BAC, LEH ,Bear Stearns mismanagement. Probably the House Bill requiring a FED audit is right, even though Mr Ben B is against that.
So with the FED having sold silver[not a trend statement, because the silver ,SLV trend are up ,long term.;
central banks, most have a nice %% in gold.
I like federal reserve notes, they are very convenient.Even though Bunker said any f**l can run a printing press, buy copper, gold, silver. But copper is downtrending, so none of this is a prediction, wisdom is profitable to direct.
If any others have some wisdom for the fed, say on,LOL;or forever hold thy peace.