If you think of the economy as a circle instead of a pyramid where goods and services flow round & round and not in the trickle down theory of Reagan it makes sense that all aspects of the economy have to move together. You can stimulate 1 part of the economy and eventually it will work its way around to all the other parts but that takes a long time. Like the Fed throttling or boosting the money supply works but it isn't done efficiently and winds up hurting some elements while benefiting others. Then too the Fed is too influenced by political affiliations to do the job fairly.
I wonder how many jobs Mitt Romney created in Bermuda, the Cayman islands and Switzerland managing all his millions? If Mitt the Twit gets elected you can kiss any hope of Citizens United getting repealed. He's all for super rich and corporations buying elections. You better wake up America because your right to elect the candidate of your choice is being sold to the highest bidder and you have no voice because the 1 percenters have stuffed a sock in your mouth.
ooby_dooby: I wonder how many jobs Mitt Romney created in Bermuda, the Cayman islands and Switzerland managing all his millions? If Mitt the Twit gets elected you can kiss any hope of Citizens United getting repealed. He's all for super rich and corporations buying elections. You better wake up America because your right to elect the candidate of your choice is being sold to the highest bidder and you have no voice because the 1 percenters have stuffed a sock in your mouth.
well,were glad he brought them to us,instead letting the IRS steal them from him!
olaix: I think its reasonable that USA pay other countries bills :)
I hill everyone in other countries outside the USA should pay a tax to the USA equal to 90% of their incomes until our national debt is paid off. These people on other countries won't mind spreading around their money, which someone else just gave to them anyways.
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
ooby_dooby: If you think of the economy as a circle instead of a pyramid where goods and services flow round & round and not in the trickle down theory of Reagan it makes sense that all aspects of the economy have to move together. You can stimulate 1 part of the economy and eventually it will work its way around to all the other parts but that takes a long time. Like the Fed throttling or boosting the money supply works but it isn't done efficiently and winds up hurting some elements while benefiting others. Then too the Fed is too influenced by political affiliations to do the job fairly.
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
ooby_dooby: I wonder how many jobs Mitt Romney created in Bermuda, the Cayman islands and Switzerland managing all his millions?
Not sure but it would have to be more than Obama enabled to be created in the USA.
ooby_dooby: If Mitt the Twit gets elected you can kiss any hope of Citizens United getting repealed. He's all for super rich and corporations buying elections.
Unlike the Hollywood Stars and Soros who are into getting Obama out of office right?
ooby_dooby: You better wake up America because your right to elect the candidate of your choice is being sold to the highest bidder and you have no voice because the 1 percenters have stuffed a sock in your mouth.
Sold to the highest bidder. You mean the Obama fund raising machine that broke all financial barriers last election?
Of course they do. They create good jobs, bad jobs and jobs in other countries(mostly the latter).
But why anyone would lump all the rich in together is beyond me. Surely you should discern between who is useful and who is not, between who is talented and who isn't? Could anyone compare one of today's casino bankers to say Henry Ford? No, of course not, their inferiority is so painstakingly obvious that even a child could understand the difference.
Help me out Ooby. Maybe I am one of the slower cards in the deck.
am trying to figure out. If the 1% wealthy pay Obama's increased taxes ($500b-$600b) over the next 10 years. How does that help the middle class that are still paying the standard 35% Federal IRS tax rate on their middle incomes for those 10 years? Also having increased capitol gains taxes on any stock or home sales that they have.
Seem to me, that the middle class under the Obama tax plan will pay as much as if the wealthy did not pay the increased tax rate. Maybe even more with those capitol gains taxes.
The only ones benefiting here is those that don't pay any taxes that will get more benefits and the FED government that gets more revenues.
Like I said, maybe I am one of the slower cards in the deck.....
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