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If you put money into the rich one percent and hope they get guided into creating jobs with no present need to fill you are going to be really lucky if that does anything at all.
That is like saying the Earth is flat.If you put money into the rich one percent and hope they get guided into creating jobs with no present need to fill you are going to be really lucky if that does anything at all.
the more venture capital the super rich have the more new ventures like Apple, Google, HP, Cisco, etc they can fund. This is where new jobs and new employment come from.
In the industry they say, the more shots on goal they can take the more goals they'll score. Therefore the cap gains tax on venture capital should be eliminated. Liberals lack the intelligence to understand this.
That is like saying the Earth is flat.
For the past three decades we have been watching the diametric opposite of what you are asserting take place. The rich have grown progressively richer while available jobs have progressively diminished.
This is going to show the main weakness in why giving people money to spend does not directly lead to an increase in consumption which would lead to an increase in job creation. This is the main flaw in the republican idea of trickle down economics where we give the rich more spending money to create more jobs.
SNIP
Republicans don't really have an "economic policy". They can't even say the words "supply and demand" and have zero understanding that the job creators are the American consumers.
What they have are called "schemes" to move money from the middle class to top 1%. They don't even try to hide it. The Republican base has been convinced that to do anything else is "class warfare".
Ah, you're a fucking moron.
Except for Item #6, what you are recommending is right out of Milton Friedman's playbook. So if you'd like to read about the effects of such policies I respectfully recommend Naomi Klein's excellent book, The Shock Doctrine. Learn what implementation of such radically conservative policies did to Chile and Argentina.That is like saying the Earth is flat.
For the past three decades we have been watching the diametric opposite of what you are asserting take place. The rich have grown progressively richer while available jobs have progressively diminished.
yes the rich as usual have been magnificant; lately bringing us Facebook, iphone, twitter, etc etc but now libturds have a lot of clout in government and of course have destroyed the middle class as follows:
1) Make unions illegal ( 10 million new jobs) Democrats oppose
2) make minimum wage illegal ( 5 million new jobs) Democrats oppose
3) end business taxation; especially tax incentives to off-shore jobs ( 5 million new jobs) Democrats oppose
4) make inflation illegal ( 2 million new jobs) Democrats oppose
5) make Federal debt illegal( 2 million new jobs) Democrats oppose
6) send illegal workers home(8 million new jobs) Democrats oppose
7) Pass Balanced Budget Amendment to Constitution( 3 million new jobs) Democrats oppose
8) cut pay of government workers in half( 4 million new jobs) Democrats oppose
9) Make health insurance competition legal( 6 million new jobs) Democrats oppose
10) end needless business regulations ( 2 million new jobs) Democrats oppose
11) restrict Federal spending to 15% of GNP( 2 million new jobs) Democrats oppose
12) support unlimited free trade( 2 million new jobs) Democrats oppose
13) reduced unemployment compensation, welfare, food stamps, medicaid.( 2 million new jobs) Democrats oppose
14) privatize education, social security ( 4 million new jobs) Democrats oppose
15) end payroll taxes ( 1 million new jobs) Democrats oppose
Since Democrats always oppose wisdom and common sense the only serious option is to make them illegal as the Constitution intended.
Except for Item #6, what you are recommending is right out of Milton Friedman's playbook. So if you'd like to read about the effects of such policies I respectfully recommend Naomi Klein's excellent book, The Shock Doctrine. Learn what implementation of these policies did to Chile and Argentina.
If you don't wish to read the book a quick summary of both examples is both countries devolved to fascism[/u] within three years.
It can't. It's illegal for the Fed to lend to the government (or buy government bonds directly from the Treasury).
Someone better tell the Fed that because the've been buying treasury bonds for years now
In the open market (hence "open market operations"). They buy existing treasuries (that is, which have already been floated) from their list of 9(?) primary dealers. They aren't allowed to loan the government money or buy government bonds from the government. They can buy existing assets in the secondary market.
So if you'd like to read about the effects of such policies I respectfully recommend Naomi Klein's excellent book, The Shock Doctrine
Republicans don't really have an "economic policy". They can't even say the words "supply and demand" and have zero understanding that the job creators are the American consumers.
What they have are called "schemes" to move money from the middle class to top 1%. They don't even try to hide it. The Republican base has been convinced that to do anything else is "class warfare".
Making shit up as you go along, is not a good idea.
everyone knows demand drives the economy moran
DSGE said:It may deviate from it during short run business cycles (which may last a while depending on what's causing them)
That is a big qualification.
The fact that there have always been business cycles allows an alternative interpretation, in the long run, the economy always goes to minimum output. It may deviate from it during short run business cycles (which may last a while depending on what's causing them.)
It was just there to avoid the idea that the "short run" needs to be especially short. Obviously there are more conditions. I wasn't being especially rigorous because this is just a forum, not a working paper. It's too much work being overly rigorous and the point attempting to be made can get lost in a giant wall of text full of convoluted details. So I'll tend to make points in broad strokes with a bit of hand waving and leave out the nitty gritty.
So if you'd like to read about the effects of such policies I respectfully recommend Naomi Klein's excellent book, The Shock Doctrine
why read that, she's no economist in a million years.
Milton Friedman traveled to Chile to serve as Augusto Pinochet's economic advisor. In less than three years that nation had become a textbook example of fascism with an impoverished peasant class which had been a relatively comfortable working class under Salvador Allende, who was murdered in a military coup conducted by Pinochet.If you think a bird brain liberal like that has something to say about Friedman please give us your single best example so we can all have a serious laugh?
Don't be afraid. Please try.
If you put money into the rich one percent and hope they get guided into creating jobs with no present need to fill you are going to be really lucky if that does anything at all.
the more venture capital the super rich have the more new ventures like Apple, Google, HP, Cisco, etc they can fund. This is where new jobs and new employment come from.
In the industry they say, the more shots on goal they can take the more goals they'll score. Therefore the cap gains tax on venture capital should be eliminated. Liberals lack the intelligence to understand this.
The more money anyone has, the more shots on the goal they can take. The more money the middle class have, the more shots on the goal they can take at starting companies like Hewlett and Packard.
Venture capital is only one of numerous ways to start a company.
Reduction in capital gains taxes has no connection to increases in GDP, employment, or invention. In fact, nothing important has ever been invented by a venture capitalist. Apple, Google, and HP were all invented by either upper middle class engineers or upper middle class college students.
You lack the intelligence to understand this.
Milton Friedman traveled to Chile to serve as Augusto Pinochet's economic advisor. In less than three years that nation had become a textbook example of fascism with an impoverished peasant class which had been a relatively comfortable working class under Salvador Allende, who was murdered in a military coup conducted by Pinochet.
That's one example. If you'd like more, read the book. It's packed with examples -- along with documentation.
you are less than an perfect idiot. Friedman gave Pinochet the same advice he gave every country and human being on earth. That some governments ignored the advice and declined to fascism has nothing to do with Friedman you less than perfect idiot!! China followed the advice an instantly saved 30 million people from starving to death.
To complex for a liberal? Try this. If two things happen it does not mean one causes the other!! Is that still over you pea brain liberal head!!
Friedman is responsible for the advice he gave, not what people do after he gives them advice that is unrelated to the advice. If someone kills himself after a doctor says, get some sleep, the doctor is not responsible!! Still over your very typical liberal head??
The more money anyone has, the more shots on the goal they can take. The more money the middle class have, the more shots on the goal they can take at starting companies like Hewlett and Packard.
In fact, nothing important has ever been invented by a venture capitalist. Apple, Google, and HP were all invented by either upper middle class engineers or upper middle class college students.
You lack the intelligence to understand this.
...by giving money to the poor to consume more they create a demand...
"Behind every great fortune lies a great crime." (Honore de Balzac)
