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Thread: Economics Thread

  1. #1901
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    encouraging you see a disparity.

    please read more on the need to reign in "extreme wealth"
    The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.

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    Quote Originally Posted by 57Brave View Post
    encouraging you see a disparity.

    please read more on the need to reign in "extreme wealth"
    I'm about drunk with my beautiful wife in NoLA at...



    Have a great night

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    The reasoning I've always heard for not applying a massive wealth tax has been that a lot of money would be offshored and a lot of money would no longer be circulated through the economy. The problem is, that's already happened to a large extent. I think Biden's proposal to increase rates on income above 400k is good, then really start jacking it up at 5 million with a scale that ends up around 70% for anything above some crazy number like 50 million. It would need to be accompanied by the elimination of a ton of tax shelters these people are using. No more paying Brad Pitt for letting his thousands of acres be an "unworked farm."

    I think there should be significant tax penalties for corporations who reduce the number of domestic employees as well, regardless of the reason. Some form of a significant (like 75%) penalty on any executive bonuses greater than 10% of salary if the company has reduced the year to year number of domestic employees at any point in the past five years. Grant a tax credit equal to half the salary of each job moved from overseas to domestic, renewable at 10% less than the previous year's rate for five years if the position remains filled domestically. That takes away the profit incentive for both the company and the executive to cut payroll, and incentivizes domestic production. The path to corporate success has been to screw over employees to benefit stockholders for too long. That needs a disruptive, revolutionary change.

    I'm probably way off on some numbers, and I've no doubt the CoC types would promise dire economic consequences. I really don't care. CEOs can't get multi million dollar bonuses for declaring bankruptcy and putting huge groups out of work. Working employees can't be fired just to increase stock dividends. Financial incentives can't exist to make it profitable for the Kochs, Bloombergs, Adelsons, etc to invest tens of millions in an election. Single individuals can't be allowed that much power over our system. These things seem self evident to me, 100 of us stranded on an island would never allow this level of inequality to develop.
    Last edited by Jaw; 11-28-2020 at 12:17 AM.
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    Nasdaq on Tuesday moved to require that companies on its exchange include a woman and a person of a minority racial background or sexual orientation on their boards of directors





    That’s a joke

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    Quote Originally Posted by Krgrecw View Post
    Nasdaq on Tuesday moved to require that companies on its exchange include a woman and a person of a minority racial background or sexual orientation on their boards of directors





    That’s a joke
    Progressivism is a mental disorder.
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    Quote Originally Posted by thethe View Post
    Progressivism is a mental disorder.


    Would explain why every Fortune 500 company now has an exclusion or diversity president which usually always happens to be a woman, usually a black woman. Made up positions that bear no power or responsibility. Has to be the easiest job in the company.

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    Quote Originally Posted by thethe View Post
    Progressivism is a mental disorder.


    Would explain why every Fortune 500 company now has an exclusion or diversity president which usually always happens to be a woman, usually a black woman. Made up positions that bear no power or responsibility. Has to be the easiest job in the company.

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    Quote Originally Posted by thethe View Post
    Progressivism is a mental disorder.
    More like an intolerant religion fighting a holy war. ISIS is a good comp, especially with the shared fondness for toppling statues and silencing dissenters.
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    Quote Originally Posted by Jaw View Post
    More like an intolerant religion fighting a holy war. ISIS is a good comp, especially with the shared fondness for toppling statues and silencing dissenters.
    Except the opponent willfully goes along with it while thinking how dumb it all is

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    Quote Originally Posted by Krgrecw View Post
    Nasdaq on Tuesday moved to require that companies on its exchange include a woman and a person of a minority racial background or sexual orientation on their boards of directors





    That’s a joke

    That's ridiculous.
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    It’s over."


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    Scott SantensBilled capMan surfing
    @scottsantens
    ·
    2h
    It's bullschit trickle-down economics to want to give money to businesses
    in order to try and keep them open, instead of wanting to get money to
    people so they can be customers. Let customers decide which businesses
    should succeed or fail based on their spending
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    Quote Originally Posted by 57Brave View Post
    Scott SantensBilled capMan surfing
    @scottsantens
    ·
    2h
    It's bullschit trickle-down economics to want to give money to businesses
    in order to try and keep them open, instead of wanting to get money to
    people so they can be customers. Let customers decide which businesses
    should succeed or fail based on their spending


    Figured you’d be a big fan of big corporations. People would spend that money at Amazon, Walmart and target. Mom and pop retail and local restaurants would perish. But the democrats have never cared about the common man

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    The left is the party of Davos now.
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    If the dems don't cancel student debt their very rich constituents will not be happy!


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    Yep. I can't believe we're in a place where people have the gall to act like that student loan debt is a burden. It's an opportunity, a sign of privilege. I would have loved to have had student loans.
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    Quote Originally Posted by Jaw View Post
    Yep. I can't believe we're in a place where people have the gall to act like that student loan debt is a burden. It's an opportunity, a sign of privilege. I would have loved to have had student loans.
    Just like progressivism it’s always an extremely loud minority pushing the agenda. These people are the gender studies majors that have 50k or more in debt.
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    Dan Price
    @DanPriceSeattle
    ·
    10h
    If trickle-down economics worked, we wouldn’t see a record $1 trillion

    in wealth gains for billionaires

    at the same time as record wait times at food banks.
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    If you understood how trickle down economics worked, you wouldn't post bad tweets

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    Quote Originally Posted by sturg33 View Post
    If you understood how trickle down economics worked, you wouldn't post bad tweets
    You know better than that by now.
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    It's MAGA Hour
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