To Restore Prosperity, We Must Increase Economic Freedom

[CrusaderFrank]

If people want prosperity for the US, income inequality has to be addressed. A person would fairly hard-pressed to find any economist who thinks that income inequality is good, but would have no problem finding economists who think income inequality is bad for the economy.

How does income inequality negatively affect the economy?
How does income inequality negatively affect the economy?

How Does Inequality Affect Economic Growth?
CONVERSABLE ECONOMIST: How Does Inequality Affect Economic Growth?

IMF: Income inequality is bad for economic growth
IMF: Income inequality is terrible for economic growth - The Washington Post

And Now, Here's Why Income Inequality Really Is A Big Deal
Read more: Here's Why Income Inequality Really Is A Big Deal

Is rising income inequality a serious problem?
http://www.u.arizona.edu/~lkenwor/soc150b1-isrisingincomeinequalityaseriousproblem.pdf

Raskin Says Income Inequality Among Americans Undermining Economic Growth
Raskin Says Income Inequality Among Americans Undermining Economic Growth - Bloomberg

Income inequality: It's a problem. Here's why.
Income inequality: It's a problem. Here's why. - CSMonitor.com

Fucking retard

Soooooo,,,instead of calling me names, why not factually dispute the economists who clearly stated the inequality of incomes stagnants economic growth?

Because the places with perfect Progressive Mecca of income equality like Cuba and North Korea have the planets worst economies, Dear.

 

[kiwiman127]

Fucking retard

Soooooo,,,instead of calling me names, why not factually dispute the economists who clearly stated the inequality of incomes stagnants economic growth?

Because the places with perfect Progressive Mecca of income equality like Cuba and North Korea have the planets worst economies, Dear.

 

[expat_panama]

...He is interested in the freedom of the corprations and NOT your or my freedoms...

...What I'm getting is that you want more freedom for you and less for people who own corporations...

Partly right. More freedom to take from corporations or anyone that has assets, including individuals, amd less freedom for people to protect what they earned.

I've run into folks on these threads that actually admit to holding that position.

[shudder]

 

[expat_panama]

...to restore prosperity we must put a dollar under our pillow tonight. Tomorrow the Tooth Fairy will return us to a time when things were perfect...

This from a guy who supports policies that generate annual $1.3 Trillion deficits and got us our first ever credit downgrade...

I like fun and games as much as the next guy but eventually we're forced to take on the difficult task of well, thinking.

 

[Sallow]

What year did the New Deal start to build this middle class you keep telling us about?

?

Simple question.

1950s - 1980s.

And yeah..the current "soft" depression is a result of FDR's New Deal.

 

[Sallow]

While we're at it, it would be good if we grasped the concept (and it really is quite a simple one) that public sector jobs do not save the economy. They just don't. It is basic logic - albeit involving math.

And of course that's bullshit. From the New Deal, to the Reagan Bailouts, to the George HW Bush bailouts, to the George W Bush TARP, to the Obama stimulus and rescue of the auto industry..the public sector has been rescuing private sector idiocy for generations.

It is not 'bullshit'. There is no monetary gain from a public sector job. Creating public sector jobs does not put the economy on a secure foundation. They just don't.

It is very simple math. Even I can do it. And math is not my strongest subject.

It's easy. Start with one simple question.... who pays the public sector? Work it out from there.

I shall ignore your deflection about the New Deal etc because that is not what I said. You just ranted about that to deflect from what I actually said... or maybe you're just too dumb to get it.

By that token there's no "monetary" gain from a private sector job either. Given that it's by and large supported by public sector infrastructure, research and services..it's probably in the negative territory.

It's pretty simple math..I bet you can do it as well.

It's easy. Start with one simple question... who pays for the private sector? Work it out from there.

 

[Sallow]

?

Simple question.

And yet none of the FDR new deal supporters can seem to answer. I've heard it from several diehards. Everything from the new deal and the socialist agenda produced the middle class, to unions were the champions of creating the middle class. It takes a lot of fact bending to draw these conclusions.

It's not fact-bending..it's fact.

You guys produce misery and revolution.

Well regulated capitalism and social programs produces sustainable growth and a high standard of living.

 

[TakeAStepBack]

We wouldn't know if "well regulated capitalism" produces sustainable growth. we don't have capitalism in this country and haven't in a long time. Though, it is highly doubtful that regulating will ever be an effective reactionary tool. Same with social programs. reactionary. Reactions to the wrong problems.

 

[Quantum Windbag]

I say this country would be better off without partisan hacks who cling to failed ideas instead of facing real facts.

When do you plan on leaving?

 

[Quantum Windbag]

This whole mess was caused by lack of regulations on the lenders and this asshole wants the lenders deregulated.

He is interested in the freedom of the corprations and NOT your or my freedoms

The state of Florida requires that you study for 6 years and spend thousands of dollars in order to advise people on what color they paint their living room. Would we be in danger if we let people actually set themselves up as interior designers without all that training? Can you think of a single reason that justifies that level of cost imposed by the government?

 

[EdwardBaiamonte]

Well regulated capitalism and social programs produces sustainable growth and a high standard of living.

Well regulated by 300 million very harsh consumers who bankrupt 10,000 companies a month for failing to have the best products at the lowest prices in the world or well regulated by a few liberals in DC who take bribes and give us an endless series of depressions and recessions.


Warren Buffett: "There are significant limits to what regulation can accomplish. As a dramatic illustration, take two of the biggest accounting disasters in the past ten years: Freddie Mac and Fannie Mae. We're talking billions and billions of dollars of misstatements at both places".

Now, these are two incredibly important institutions. I mean, they accounted for over 40% of the mortgage flow a few years back. Right now I think they're up to 70%. They're quasi-governmental in nature. So the government set up an organization called OFHEO. I'm not sure what all the letters stand for. [Note to Warren: They stand for Office of Federal Housing Enterprise Oversight.] But if you go to OFHEO's website, you'll find that its purpose was to just watch over these two companies. OFHEO had 200 employees. Their job was simply to look at two companies and say, "Are these guys behaving like they're supposed to?" And of course what happened were two of the greatest accounting misstatements in history while these 200 people had their jobs. It's incredible. I mean, two for two!

“Whatever regulatory changes are made, they will pale in comparison to the change already evident in today’s markets,” he said. “Those markets for an indefinite future will be far more restrained than would any currently contemplated new regulatory regime.”-Alan Greenspan

 

[Quantum Windbag]

New Republican Slogan:

PROSPERITY THROUGH LOWER WAGES!​

That is better than Obama's slogan.

http://abcnews.go.com/blogs/politics/2011/12/obama-on-campaign-slogan-were-still-working-on-it/

 

[Quantum Windbag]

If people want prosperity for the US, income inequality has to be addressed. A person would fairly hard-pressed to find any economist who thinks that income inequality is good, but would have no problem finding economists who think income inequality is bad for the economy.

How does income inequality negatively affect the economy?
How does income inequality negatively affect the economy?

How Does Inequality Affect Economic Growth?
CONVERSABLE ECONOMIST: How Does Inequality Affect Economic Growth?

IMF: Income inequality is bad for economic growth
IMF: Income inequality is terrible for economic growth - The Washington Post

And Now, Here's Why Income Inequality Really Is A Big Deal
Read more: Here's Why Income Inequality Really Is A Big Deal

Is rising income inequality a serious problem?
http://www.u.arizona.edu/~lkenwor/soc150b1-isrisingincomeinequalityaseriousproblem.pdf

Raskin Says Income Inequality Among Americans Undermining Economic Growth
Raskin Says Income Inequality Among Americans Undermining Economic Growth - Bloomberg

Income inequality: It's a problem. Here's why.
Income inequality: It's a problem. Here's why. - CSMonitor.com

Is income inequality worse than a lack of mobility?

 

[Quantum Windbag]

To Restore Prosperity, We Must Increase Economic Freedom

Please allow me to rephrase that simple solution: In order to restore prosperity we must put a dollar under our pillow tonight. Tomorrow the Tooth Fairy will return us to a time when things were perfect, when no regulations existed, when business worked for the people, when government only watched TV and ate pretzels, and the employees and the nation prospered in wealth and well being. Remember those times!

See how easy it to fix any problem when you have a nice tooth fairy, nice tooth fairies are just like 'economic freedom,' rather useless, hard to define, often ambiguous, hard to find, but they keep the believers in tooth fairies happy as the world turns.

Let me guess, your solution is to have the government spend more money.

Which sounds more like a belief in the tooth fairy, giving people more power to earn money, or having the government take it and spend it instead?

 

[Skull Pilot]

Of course you like it its writen by a right wing partisan hack

So you disagree that we are not as high on the economic freedom scale as we used to be?

 

[Skull Pilot]

I say this country would be better off without partisan hacks who cling to failed ideas instead of facing real facts.

Attention all pots TM will no longer call you black

 

[EdwardBaiamonte]

By that token there's no "monetary" gain from a private sector job either.

actually a private sector job does not depend on taxes anywhere near 100% while a public sector job does 100%.

If you had 90% public sector jobs we'd all be dirt poor whereas if we had 90 % private sector jobs we'd all be filthy rich. The public sector leeches off and drags down the private sector.

 

[Skull Pilot]

And of course that's bullshit. From the New Deal, to the Reagan Bailouts, to the George HW Bush bailouts, to the George W Bush TARP, to the Obama stimulus and rescue of the auto industry..the public sector has been rescuing private sector idiocy for generations.

It is not 'bullshit'. There is no monetary gain from a public sector job. Creating public sector jobs does not put the economy on a secure foundation. They just don't.

It is very simple math. Even I can do it. And math is not my strongest subject.

It's easy. Start with one simple question.... who pays the public sector? Work it out from there.

I shall ignore your deflection about the New Deal etc because that is not what I said. You just ranted about that to deflect from what I actually said... or maybe you're just too dumb to get it.

By that token there's no "monetary" gain from a private sector job either. Given that it's by and large supported by public sector infrastructure, research and services..it's probably in the negative territory.

It's pretty simple math..I bet you can do it as well.

It's easy. Start with one simple question... who pays for the private sector? Work it out from there.

Public sector infrastructure in paid for by private sector money.

Public sector jobs do not add to the tax base so you see everything and I do mean everything is paid for by the private sector.

 

[samjones]

Warren Buffett: "There are significant limits to what regulation can accomplish. As a dramatic illustration, take two of the biggest accounting disasters in the past ten years: Freddie Mac and Fannie Mae. We're talking billions and billions of dollars of misstatements at both places".

i.e "mark to market accounting" which was essentially imposed on Fannie and Freddie by FAS157 in 2006 and quickly destroyed the US Housing Market.

The government has talked about mark to market accounting many times since. It's still the accepted accounting principal of the day, which isn't a problem since housing prices suck, but as soon as they recover will pose the exact same problem again.

We are talking only about how to fix the problem. None of us are talking about how to stop it from happening again.

 

[Quantum Windbag]

If people want prosperity for the US, income inequality has to be addressed. A person would fairly hard-pressed to find any economist who thinks that income inequality is good, but would have no problem finding economists who think income inequality is bad for the economy.

How does income inequality negatively affect the economy?
How does income inequality negatively affect the economy?

How Does Inequality Affect Economic Growth?
CONVERSABLE ECONOMIST: How Does Inequality Affect Economic Growth?

IMF: Income inequality is bad for economic growth
IMF: Income inequality is terrible for economic growth - The Washington Post

And Now, Here's Why Income Inequality Really Is A Big Deal
Read more: Here's Why Income Inequality Really Is A Big Deal

Is rising income inequality a serious problem?
http://www.u.arizona.edu/~lkenwor/soc150b1-isrisingincomeinequalityaseriousproblem.pdf

Raskin Says Income Inequality Among Americans Undermining Economic Growth
Raskin Says Income Inequality Among Americans Undermining Economic Growth - Bloomberg

Income inequality: It's a problem. Here's why.
Income inequality: It's a problem. Here's why. - CSMonitor.com

Fucking retard

Soooooo,,,instead of calling me names, why not factually dispute the economists who clearly stated the inequality of incomes stagnants economic growth?

Did you read your links? The first one says that economies are healthier if people have disposable income. The second discusses the debate in causality between income inequality and a lack of free trade, something I think you support. The third specifically links free trade and income equality. The fourth tries to argue that poverty causes crime, something that has been pretty much debunked by thinking people everywhere, and by the fact that crime rates actually went down during the recession. The fifth one actually concludes that income inequality is not a bad thing to have.

I stopped at that point because your links obvious say something other than you are trying to say with them.