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Thread: Economics Thread

  1. #561
    It's OVER 5,000! 57Brave's Avatar
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    “At what level are we really just living in excess,” Ocasio-Cortez said, “and what kind of society do we want to live in?”

    The Late Show audience cheered wildly with approval.
    .................................................. ..........................

    Outside looking in regardless agree or disagree
    I think she is winning
    The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.

  2. #562
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    Quote Originally Posted by 57Brave View Post
    John Nichols
    ‏ @NicholsUprising
    5 Mar 2018

    California Gov. Jerry Brown took office in 2011 with a $27 billion deficit.

    He won voter support for huge tax hikes on the rich in 2012,

    and voters reauthorized them in 2016. Brown leaves office

    w/a $6.1 billion surplus.


    Take a note: Taxing the rich works.


    https://www.wsj.com/articles/jerry-b...nia-1515624022
    Post hoc ergo propter hoc. Brown also took office when the economy was bad and rode the wave of an economic recovery.

  3. #563
    Expects Yuge Games nsacpi's Avatar
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    Quote Originally Posted by striker42 View Post
    Post hoc ergo propter hoc. Brown also took office when the economy was bad and rode the wave of an economic recovery.
    Victory has a thousand fathers. Defeat is an orphan.

    Same thing goes for economic booms and busts.
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

  4. #564
    It's OVER 5,000! 57Brave's Avatar
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    always a qualifier --- Obama had to succeed because things were so bad they could only going to go up
    was a disingenuous argument then as now.
    when pointed out in Feb 2017 that Trump inherited a wave --- not so much


    Feb 2017 he was in office what -- 3 weeks ?

    And who sat in the Governors chair 3 of the 4 times before Brown ?
    The fact he inherited a **** show and walked away with these numbers ...
    and taxing "dems dat gots" didnt impede that progress in any way
    Last edited by 57Brave; 01-22-2019 at 09:27 AM.
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    Gabriel Zucman
    ‏ @gabriel_zucman
    41m41 minutes ago

    Since 1980, the bottom half of the income distribution has had 0 growth.

    For the top 0.001%, income has grown more than 600%.

    70% top marginal tax rates, a la @AOC, can change that.


    Emmanuel Saez and I make the case in today's NYT.
    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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    First it will be a billion.

    Then 500 million.

    Then 100 million.

    Then 5 million.

    It will never stop because there isn't enough money to pay for these communist programs.
    Natural Immunity Croc

  7. #567
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    they probably wont stop until even the people monitoring air traffic are expected to work for free

    ... oh ....
    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
    Gabriel Zucman
    ‏ @gabriel_zucman
    41m41 minutes ago

    Since 1980, the bottom half of the income distribution has had 0 growth.

    For the top 0.001%, income has grown more than 600%.

    70% top marginal tax rates, a la @AOC, can change that.


    Emmanuel Saez and I make the case in today's NYT.
    It doesn't do anything. Can youake an argument based on data?? I'd really like you to try.

    Is it your goal to make everyone's lives better, or is your goal to make everyone's lives more equal?

    Bc it sure seems to me you and Julio just want to make rich people poorer

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    Quote Originally Posted by 57Brave View Post
    “At what level are we really just living in excess,” Ocasio-Cortez said, “and what kind of society do we want to live in?”

    The Late Show audience cheered wildly with approval.
    .................................................. ..........................

    Outside looking in regardless agree or disagree
    I think she is winning
    Are we measuring the political climate based on the audience of a late night talk show that has been primed to applaud everything the guest says?

    Even Cortez's own party isn't on board with her brand of socialism.

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    acesfull86 (01-22-2019)

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    Quote Originally Posted by striker42 View Post
    Are we measuring the political climate based on the audience of a late night talk show that has been primed to applaud everything the guest says?

    Even Cortez's own party isn't on board with her brand of socialism.
    we tried a reality TV star that hired his audience and that isn't working out too well.
    Might as well try real -live studio audiences

    as to your second point --- we are having - (D) and (R) are having conversations we haven't had since the 1950's
    so yeah, not only her party but the opposition as well

    "her brand of socialism " ????
    would you care to explain that
    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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    What's not working out with the reality TV star?

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    Budget deficit on track to rise by $200 billion in FY 2019 after rising by over $100 billion in FY 2018.

    Anyone can gin up the economy (especially when it was doing pretty well anyhow) by blowing a $300 billion hole in federal finances.

    Good luck to whoever is hired to clean up the mess.
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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    Quote Originally Posted by nsacpi View Post
    Budget deficit on track to rise by $200 billion in FY 2019 after rising by over $100 billion in FY 2018.

    Anyone can gin up the economy (especially when it was doing pretty well anyhow) by blowing a $300 billion hole in federal finances.

    Good luck to whoever is hired to clean up the mess.
    If revenues increased then how is it solely the fault of the tax cuts that we have an exploding budget ?
    Natural Immunity Croc

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    Quote Originally Posted by thethe View Post
    If revenues increased then how is it solely the fault of the tax cuts that we have an exploding budget ?
    The tax base grows every year (due to inflation, population growth, productivity growth) except during recessions. So revenues will grow even when the tax rate is cut.
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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    Quote Originally Posted by nsacpi View Post
    The tax base grows every year (due to inflation, population growth, productivity growth) except during recessions. So revenues will grow even when the tax rate is cut.
    And due to wage growth and new jobs....Why are those things happening at accelerated rates?
    Natural Immunity Croc

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    https://www.forbes.com/sites/kenrapo.../#11c5efc57f03

    Every apocalypse prediction regarding this administration ends up being terribly wrong. Will be interesting to see when/if China blinks. The world is catching on that they are a bad actor but they needed a leader and that was absent from the United States for 30+ years.


    China wins if a new Democratic president leaves the trade dispute up to those guys instead of the President. Xi would love that.

    Very fitting because ever since Clinton China money has flown through the coffers of the Democrats.
    Last edited by thethe; 01-23-2019 at 07:58 AM.
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    federal government revenues grew by 0.4% in FY 2018

    in the prior four years they grew by an average of 4.6% per year
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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    Quote Originally Posted by nsacpi View Post
    federal government revenues grew by 0.4% in FY 2018

    in the prior four years they grew by an average of 4.6% per year
    Need to cut spending.

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    Need to get this here asap


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    All of those people are criminals. They are breaking their governments law. Do you support criminals?
    "Donald Trump will serve a second term as president of the United States.

    It’s over."


    Little Thethe Nov 19, 2020.

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