Fairness vs Economic Logic

[ladyliberal]

Charles Krauthammer, in addition to being a professional partisan, seems completely divorced from reality. His claim that capital gains taxes are bad policy because they *decrease* government revenues has flawless logic but an absurd premise. Much of macroeconomics is debatable, but Krauthammer's claim, apparently too obvious to him to need to justify, is absurd.

 

[driveby]

There is no conflict between fairness and economic logic. The two go hand in hand. There is, however, a conflict between fairness and right-wing economic ILlogic. That much I can see.

The period of highest economic performance in the history of the U.S. also saw the highest top marginal income tax rates and the strongest support for labor unions in government policy. That's because investment is NOT driven by how much money the rich have lying around to invest. It's driven by how much demand is for the products and services the investment produces. And that, in turn, is driven by how much money the average Joe has in his pocket, not by how much money Mr. Moneybags has.

So fairness -- narrowing income gaps, keeping wages high, making sure most people have good opportunities to make good money by doing ordinary work -- is also good economic sense. And the opposite puts us in the kind of bind we're in now.

Who determines what's fair ? Oh yeah, gubment bureaucrats with the same entitlement mentality that clowns like you have......

 

[code1211]

There is no conflict between fairness and economic logic. The two go hand in hand. There is, however, a conflict between fairness and right-wing economic ILlogic. That much I can see.

The period of highest economic performance in the history of the U.S. also saw the highest top marginal income tax rates and the strongest support for labor unions in government policy. That's because investment is NOT driven by how much money the rich have lying around to invest. It's driven by how much demand is for the products and services the investment produces. And that, in turn, is driven by how much money the average Joe has in his pocket, not by how much money Mr. Moneybags has.

So fairness -- narrowing income gaps, keeping wages high, making sure most people have good opportunities to make good money by doing ordinary work -- is also good economic sense. And the opposite puts us in the kind of bind we're in now.

I'm not an economist, but I am a realist. You seem to be in lock step with the Socialist views of wealth redistribution which have been employed to:

1. Initiate and maintain the policy of sub prime mortgage lending.
2. Thereby create the lending bubble and the resulting crash.
3. Building up the fastest accumulation of debt in the history of the nation.
4. Create and prolong the current recession.
5. Demoralize the people of what had previously been a pretty dynamic economy.

I'm not sure what the best course might be, but the worst course is the one we're on and, coinidentally, the one you recomend.

The policies you recomend are those that put us here and are keeping us here.