independent economists overwhelmingly side with democrats on economic policy

Discussion in 'Politics' started by Billy000, Sep 28, 2017.

  1. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    The financial industry is a big ass vampire sucking the blood from the lower and middle class.

    They add a lot of value.
    Don't like them?
    Feel free not to lend or deposit.
    Or get in on the action. You can buy financial stocks for less than a $5 commission.

    So yes, the financial industry, via interest and fees, sucks "money" right out of the economy.

    Because they hide their earnings in a jar in the yard. DERP!

    You still didn't explain why a 50% corporate tax rate yields more investment than a 20% tax rate.
     
  2. The Derp
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    The Derp Silver Member

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    Unlike your subprime bubble, when it popped it didn't bring down the entire economy. That's because Clinton effectively managed our economy, whereas Conservatives only fuck it up.


    No we wouldn't have, and it popped anyway because it was as sloppily constructed as everything is that Conservatives ham-fistedly do. Even at the height of the subprime bubble (2005-6), we still had deficits that were larger than or just as high as any deficits prior to Bush the Dumber.
     
  3. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    LMAO. Investopedia, what a freakin joke.

    Feel free to post another source that backs your claim instead of mine. LOL!

    Damn Laffer never even mentioned that whole more an activity is tax the less of it that is produced.


    Is it wrong? Do you get more of an activity the more you tax it? Any examples?
     
  4. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    Because our taxes are CHEAP AS SHIT dumbass. In 2009 they were lower than at anytime in the last FIFTY YEARS.

    Yeah, recessions tend to reduce revenues, moron.
     
  5. The Derp
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    The Derp Silver Member

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    What value? What tangible product do financial service companies actually produce? Nothing. The only thing they do produce are situations where their recklessness has to be bailed out.


    Or, how about we start imposing stricter rules and regulations on the banks so they can't keep screwing people? Why is that not an option?
     
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  6. jc456
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    jc456 Diamond Member

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    not at all, the idea was good, the problem was that it was set as a social program rather than an individual one. Why couldn't they have set up individual accounts, the individual would be responsible for the money as today and they would be responsible for it's growth. but libs don't give credit to people, they all believe individuals are too stupid to save money so they set up bullshit like SS. there were so many different ways, but nope the libs owned it. now it is a sore spot for life.
     
  7. dudmuck
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    dudmuck Active Member

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    Aww, look who forgot about the 2008 mortgage meltdown.
     
  8. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    Unlike your subprime bubble, when it popped it didn't bring down the entire economy. That's because Clinton effectively managed our economy,

    Yeah, right. Awesome manager. LOL!

    No we wouldn't have

    We would have.
    2004 - $413 billion deficit
    2005 - $318 billion deficit
    2006 - $248 billion deficit
    2007 - $160 billion deficit
    Deficit was falling an average of $84 billion a year.
    Keep the bubble going 2 more years, we're in balance.

    Even at the height of the subprime bubble (2005-6), we still had deficits that were larger than or just as high as any deficits prior to Bush the Dumber

    2003, 3.3% of GDP
    2004, 3.4% of GDP
    2005, 2.5% of GDP
    2006, 1.8% of GDP
    2007, 1.1% of GDP

    Yeah, unheard of. DERP!
     
  9. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    Who missed it? Was it DERP? He misses a lot.
     
  10. Toddsterpatriot
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    What value?

    You don't know anything about economics, do you?

    What tangible product do financial service companies actually produce? Nothing.

    Value added only works for tangible products?
    You should stop now. Seriously.

    Or, how about we start imposing stricter rules and regulations on the banks

    More than the rules and regulations added in the last 10 years?
    What more should we add? Why?

    Try not to show your usual level of idiocy.
     

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