Another socialist system crashes and burns in Europe

[midcan5]

This is sort of curious as we have our whiners too, has anyone noticed the medicare recipients, aka tea party? Not much difference there, and since our economy required a massive bailout it could just be this so called capitalist system ain't working much better, actually the great recession is proof it ain't. So if you throw stones make sure your nation is not another glass house and your whining is not just more whining and not something positive.


"The conclusion is that, if anything, tax increases on higher-income families are the least damaging mechanism for closing state fiscal deficits in the short run. Reductions in government spending on goods and services, or reductions in transfer payments to lower-income families, are likely to be more damaging to the economy in the short run than tax increases focused on higher-income families. In any case, in terms of how counter-productive they are, there is no automatic preference for spending reductions rather than tax increases."
Spending Cuts Vs. Tax Increases at the State Level, 10/30/01

 

[Two Thumbs]

You have to laugh at them.

Russia fell to pieces.

The EU is falling apart.

And yet they think it will work this time.

How ducking fumb do you have to be to follow this line into hell?

 

[Charles_Main]

That's not socialism.

This is.

Socialism | Define Socialism at Dictionary.com

From your own source, Doctor:
control of the means of production and distribution, of capital

This is done through taxes.

Actually, under a socialist economic system, it's NOT done through taxes. It's done through State or Community controlled businesses.

But whatever scary words work for you, I guess.

The end result is the same.

 

[Charles_Main]

Not much difference there, and since our economy required a massive bailout

Um the GPD recovered months after the Stimulus was passed, Before 90% of it had been spent.

Maybe we didn't "require" a massive bail out after all.

 

[theDoctorisIn]

From your own source, Doctor:
control of the means of production and distribution, of capital

This is done through taxes.

Actually, under a socialist economic system, it's NOT done through taxes. It's done through State or Community controlled businesses.

But whatever scary words work for you, I guess.

The end result is the same.

Yeah, no it's not.

Taxes do NOT equal socialism. And "end result" is not the same, either.


Taxes don't lead to socialism.


Seriously, if you guys want to be taken seriously, at least know what the scary words you use mean.

 

[Two Thumbs]

This is sort of curious as we have our whiners too, has anyone noticed the medicare recipients, aka tea party? Not much difference there, and since our economy required a massive bailout it could just be this so called capitalist system ain't working much better, actually the great recession is proof it ain't. So if you throw stones make sure your nation is not another glass house and your whining is not just more whining and not something positive.
That's the dumbest comment I have ever seen put down so nicely. Greece is on fire, Spain is about to catch, But no one has even come close to rioting here.


"The conclusion is that, You are a fool. that's the final conclusionif anything, tax increases on higher-income families are the least damaging mechanism for closing state fiscal deficits in the short run. Reductions in government spending on goods and services, or reductions in transfer payments to lower-income families, are likely to be more damaging to the economy in the short run than tax increases focused on higher-income families. In any case, in terms of how counter-productive they are, there is no automatic preference for spending reductions rather than tax increases."
Spending Cuts Vs. Tax Increases at the State Level, 10/30/01

A simple glance at the best econmic times in America will show that they also had the lowest taxes at the time. Fix what went wrong and move forward with that. Taking from me to give to another is theft, you can call it taxes, I'll call it what it is.

 

[boedicca]

What we are seeing is the looting of once productive societies by the Do Nothing Cabal of bureaucrats, public employee unions, and politicians. It's a warning to the U.S. to reverse the "Organizing For" movement before it reorganizes us out of existence.

 

[theDoctorisIn]

This is sort of curious as we have our whiners too, has anyone noticed the medicare recipients, aka tea party? Not much difference there, and since our economy required a massive bailout it could just be this so called capitalist system ain't working much better, actually the great recession is proof it ain't. So if you throw stones make sure your nation is not another glass house and your whining is not just more whining and not something positive.
That's the dumbest comment I have ever seen put down so nicely. Greece is on fire, Spain is about to catch, But no one has even come close to rioting here.


"The conclusion is that, You are a fool. that's the final conclusionif anything, tax increases on higher-income families are the least damaging mechanism for closing state fiscal deficits in the short run. Reductions in government spending on goods and services, or reductions in transfer payments to lower-income families, are likely to be more damaging to the economy in the short run than tax increases focused on higher-income families. In any case, in terms of how counter-productive they are, there is no automatic preference for spending reductions rather than tax increases."
Spending Cuts Vs. Tax Increases at the State Level, 10/30/01

A simple glance at the best econmic times in America will show that they also had the lowest taxes at the time. Fix what went wrong and move forward with that. Taking from me to give to another is theft, you can call it taxes, I'll call it what it is.

You know that this is entirely incorrect, right?

In fact, the opposite is true.

 

[Micky G. Jagger]

I have to wonder about liberals who still insist the US must go down this same road

Dude, Americans love Socialism. That's why we have a system of Social Security.

 

[midcan5]

A simple glance at the best econmic times in America will show that they also had the lowest taxes at the time. Fix what went wrong and move forward with that. Taking from me to give to another is theft, you can call it taxes, I'll call it what it is.

That is simply not true. You need a bit of education, that will keep foot out of mouth.


"There is no historical evidence that tax cuts spur economic growth. The highest period of growth in U.S. history (1933-1973) also saw its highest tax rates on the rich: 70 to 91 percent. During this period, the general tax rate climbed as well, but it reached a plateau in 1969, and growth slowed down five years later. Almost all rich nations have higher general taxes than the U.S., and they are growing faster as well." Tax cuts spur economic growth

The Idolatry of Ideology-Why Tax Cuts Hurt the Economy by Russ Beaton
Spending Cuts Vs. Tax Increases at the State Level, 10/30/01
The rich get rich because of their merit.
http://www.conservativenannystate.org/cns.html
http://firedoglake.com/2009/02/01/newsflash-ronald-reagan-raised-taxes-you-idiots/


"What improves the circumstances of the greater part can never be regarded as an inconveniency to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable." The Wealth of Nations, Adam Smith


"On moral grounds, then, we could argue for a flat income tax of 90 percent to return that wealth to its real owners. In the United States, even a flat tax of 70 percent would support all governmental programs (about half the total tax) and allow payment, with the remainder, of a patrimony of about $8,000 per annum per inhabitant, or $25,000 for a family of three. This would generously leave with the original recipients of the income about three times what, according to my rough guess, they had earned." UBI and the Flat Tax

 

[uptownlivin90]

I have to wonder about liberals who still insist the US must go down this same road -even as we see the ignorant masses in these countries rioting, vandalizing and torching their own country.

Well reformed Chinese totalitarian communism seems to be working well for them. Maybe we should try that?

 

[georgephillip]

The most socialistic states in the USA such as California & New York are the most in debt & in need of another Trillion Dollar Bailout.

Conservative States like Texas & Virginia are in the best financial position.

Socialist States Need A Trillion Dollar Bailout

1/3rd of all of the welfare recipients in the United States of America reside in California.

California has more recipients on welfare than next eight states combined.

When the State of North Dakota does business as the State Bank of North Dakota is it following socialist or conservative principles?

The problem in Europe and this country isn't labor. The problem is a mortgage banking crisis implemented by elites for the economic benefit of less than 1% of their total populations.

These same elites and their political handmaidens are now telling their governments to borrow at interest from banks, "rather than raising revenue by taxing them as they did for half a century following the end of World War II."

"European politicians now view this as being truly a fight to the death."

A Financial Coup

 

[Trajan]

BBC News - European cities hit by anti-austerity protests

Tens of thousands of people from around Europe have marched across Brussels in a protest against spending cuts by some EU governments.

Spain has held a general strike, with protesters in Barcelona clashing with police and torching a police car.

Other protests against austerity measures have been held in Greece, Italy, the Irish Republic and Latvia.

Trade unions say EU workers may become the biggest victims of a financial crisis set off by bankers and traders.

Many governments across the 27-member bloc have imposed punishing cuts in wages, pensions and employment to deal with spiralling debts.

Trade unions.... who are in some part responsible for the fucking collapse, are objecting to fixing the collapse. You could not make this shit up.

another 10 years without a serious course correction and we'll have our own Greece fire going.....


whats particularly cheeky is a barber in Greece gets in a snit when Germany won't bail him out so he can retire years before German workers.....unreal.

 

[thereisnospoon]

The most socialistic states in the USA such as California & New York are the most in debt & in need of another Trillion Dollar Bailout.

Conservative States like Texas & Virginia are in the best financial position.

Socialist States Need A Trillion Dollar Bailout

1/3rd of all of the welfare recipients in the United States of America reside in California.

California has more recipients on welfare than next eight states combined.

Curious - but what makes New York one of the "most socialistic" states?

NY has a long standing entrenched welfare system.
Not only that, there are several counties where the majority of the population is collecting soem kind of state benefits..
Niagara County for example was one of these. Before the Seneca Indians built their casino in Niagara Falls, 55% of all adults were collecting one type or another of public assistance.
In NY one can begin collecting benfits if that person loses their job and NEVER have to go back to work.
In the big welfare states like NY And CA there are millions of people gaming the system. Collecting unemployment and disability and no one checks to see if these people are actually incapable of working or actually have looked for work..
Illinois is the same way. A friend of mine has an old buddy of his who was working in the fniancial business at a mid level admin....The guy claimed he had and got a doctor to confirm he has carpal tunnel syndrome.
He is in the late 30's and collects state disability.
He has been playing in serveral sofball leagues, plays golf and works out a a gym...He has been doing this for years. And no one checks to see that this guy is comitting fraud.
He collects about $3,000 per month in disability bennies...
Now it gets better. Another old frind of the same guy has been on disability for over ten years.....He was a custodian in a union shop.. He claimed an injury and he also collects state disability. This gem works under the table for an electrician AND owns two restautrants....He lives in the posh suburb of Lamont ,IL , the home of Cog Hill golf Club...
Both of these guy's wives have good careers. One is an RN. The other also works in the healthcare field...
How ironic...

 

[thereisnospoon]

The situation in Europe is quite simple.
People in those countries enjoy some the most lucrative governemnt entitlements known to mankind.
France for instance mandates all employers offer free health bennies , a minimum of 6 weeks paid vacation, retirement at age 62 and other goodies.
The government taxes companies to get this done.
The worker unions fight like the devil to make sure nothing comes between the workers and these gifts.
At the end of the day, these are all government entitlements..One clear and indisuptable fact is that once government creates an entitlement it cannot ever be rescinded. People who are given soemthing they did not earn become accustiomed to that thing and then count on it as income or an expectation. Take it away, they go ballistic.
They make claims such as "we paid into that system!!!"....
The problem with entitlement payments is eventually there are more people taking the benefits than those paying to fund the system.
Only so much wealth can be confiscated from the producers.
Inevitably , the system MUST collapse under it own inefficiency.
Soclialsm, collectivism or what ever you choose to call it, is destined for failure 100% of the time..

 

[thereisnospoon]

That's not socialism.

This is.

Socialism | Define Socialism at Dictionary.com

From your own source, Doctor:
control of the means of production and distribution, of capital

This is done through taxes.

Actually, under a socialist economic system, it's NOT done through taxes. It's done through State or Community controlled businesses.

But whatever scary words work for you, I guess.

Undersatnding that government produces nothing.....
Just who do you think funds government?

 

[thereisnospoon]

Actually, under a socialist economic system, it's NOT done through taxes. It's done through State or Community controlled businesses.

But whatever scary words work for you, I guess.

Words don't scare me....governments scare me, Doctor.

Governments scare me too. But that doesn't mean that everything they do is bad.

aside form national defense, what good works can you attribute to government.. For example our federal government?

 

[thereisnospoon]

Trade unions say EU workers may become the biggest victims of a financial crisis set off by bankers and traders.

Shoot the bankers and traders first...

CLever.
Then who invests, builds and reinvests?
Are you one of these people who think jobs are created out of thin air?

 

[georgephillip]

BBC News - European cities hit by anti-austerity protests

Tens of thousands of people from around Europe have marched across Brussels in a protest against spending cuts by some EU governments.

Spain has held a general strike, with protesters in Barcelona clashing with police and torching a police car.

Other protests against austerity measures have been held in Greece, Italy, the Irish Republic and Latvia.

Trade unions say EU workers may become the biggest victims of a financial crisis set off by bankers and traders.

Many governments across the 27-member bloc have imposed punishing cuts in wages, pensions and employment to deal with spiralling debts.

Trade unions.... who are in some part responsible for the fucking collapse, are objecting to fixing the collapse. You could not make this shit up.

another 10 years without a serious course correction and we'll have our own Greece fire going.....


whats particularly cheeky is a barber in Greece gets in a snit when Germany won't bail him out so he can retire years before German workers.....unreal.

What about the roles played by Greek, German and Wall Street bankers?

"From Brussels to Latvia, neoliberal planners have expressed the hope that lower public-sector salaries will spread to the private sector.

"The aim is to roll back wage levels by 30 per cent or more, to depression levels, on the pretense that this will 'leave more surplus' available to pay in debt service.

"It will do no such thing, of course. It is a purely vicious attempt to reverse Europe’s Progressive Era social democratic reforms achieved over the past century.

"Europe is to be turned into a banana republic by taxing labor – not finance, insurance or real estate (FIRE).

"Governments are to impose heavier employment and sales taxes while cutting back pensions and other public spending."

Financial Coup

 

[theDoctorisIn]

Words don't scare me....governments scare me, Doctor.

Governments scare me too. But that doesn't mean that everything they do is bad.

aside form national defense, what good works can you attribute to government.. For example our federal government?

Social Security, Minimum wage, Medicare/Medicaid, the Interstate system, the Internet....

I could go on for a while, if you like.