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USA is more like Greece, very low taxes and quit high government spending.
more accurately, you would say American liberals are much like Greece,i.e., irresponsible.
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If you are stupid enough to price your product based on cost, your competitors will indeed take you out, over time.
Econ 101:
a) if you price below cost you go bankrupt
b) if you price much above cost your competitors under sell you; you go bankrupt
Hence, price is directly related to cost in the long run
USA is more like Greece, very low taxes and quit high government spending.
more accurately, you would say American liberals are much like Greece,i.e., irresponsible.
You cant have both a good welfare system and low taxes.
more accurately, you would say you cant have a good welfare systems as long as liberals use it to create dependency and buy votes rather than as an incentive to help people in need.
If you are stupid enough to price your product based on cost, your competitors will indeed take you out, over time.
Econ 101:
a) if you price below cost you go bankrupt
b) if you price much above cost your competitors under sell you; you go bankrupt
Hence, price is directly related to cost in the long run
Econ 101
Market imperfections, including oligopolies.
Pricing of product is as high as the consumer's willingness to pay. Profit = Revenues - Cost. Revenues = price * quantity and price <> 1/quantity. Revenues peak at a point that does not supply all demand.
The advertisement, "Will beat any price in town" is a message to other competitors not to lower their prices below that of the market leader. If they do, they will be crushed. The market leader will set pricing.
You are wrong, Ed, because you haven't taken Econ 101 and haven't studied the sections on market imperfections.
No, cost is not a determination of supply. Supply of manufactured product will not increase unless there is enough demand to buy the product at the PRICE that the product is being sold at. If costs go down, the
sellers may well be willing to sell for less, moving the price downward. Again supply and demand. Again, in a competitive market. However, if not competitive (ie, monopolistic) then all bets are off. Typically proffits will increase. Take for example, the increases in gas prices lately. Supply was up, demand was down, but prices increased. Why? Monopolistic industry which allows the seller to set prices.
A structural change in the cost curve will shift the supply curve causing a change in demand. So, if a new technology makes widgets cheaper to manufacturer, the supply curve shifts downward and demand increases. The increased demand is caused by the lowering of costs.
Your statement that empirical evidence shows that lowering corporate taxes increases tax revenue would be good news for the Reagan economists, who found just the opposite. What is your bempirical evidence? I have been unable to find any. I keep asking, no one will provide the date of when this happened.
Another case you may want to look at is when w decreased taxes. Deficit again increased due to shrinking tax revenues. Where is the evidence???
Tax cuts on corporate income increase the corporate tax share as a percentage of GDP
http://www.cato.org/pubs/tbb/tbb_1107_49.pdf
Decreasing payroll taxes and instituting a flat corporate income tax would triple entrepreneurial activity.
Taxes and Entrepreneurial Activity
Taxes on wireless services destroys more economic value than the tax revenues it brings in.
Taxes on Wireless Services Burden the Economy
Higher tax rates on labor income and consumption expenditures lead to less work time in the legal market sector, more time working in the household sector, a larger underground economy, and smaller shares of national output and employment in industries that rely heavily on low-wage, low-skill labor inputs.
Effects of Taxes on Labor Income
High Income Taxes Inhibit the Growth of Small Firms
High Income Taxes Inhibit the Growth of Small Firms
Taxes Discourage Mutual Fund Investors
Taxes Discourage Mutual Fund Investors
Differences in taxes across countries are a very important piece of the explanation for the vastly different levels of hours of market work hours of work in the United States were roughly the same in 1956 and 2004, while hours of work in Germany decreased by about 40 percent over this same period.
Higher Tax Rates Reduce Working Hours In OEC D Countries
There is also evidence that low taxes on natural resource royalties brings in more revenues than high taxes, but I can't be bothered to look for it at the moment.
Subsidizing the rich
Subsidizing the rich
of course thats a perfectly stupid, liberal thing to say since we don't subsidize the rich, they subsidize us by inventing the products that got us from the stone to here and by, for example, the top 1% paying 40% of all federal taxes.
Did you consider the tax cut on Ethanol a subsidy?
Did John Kerry invent any products that got us from the stone age?
Ed, you stupid slut.Subsidizing the rich
of course thats a perfectly stupid, liberal thing to say since we don't subsidize the rich, they subsidize us by inventing the products that got us from the stone to here and by, for example, the top 1% paying 40% of all federal taxes.
So, ed, Where Are The Jobs??
Did you consider the tax cut on Ethanol a subsidy?
yes a liberal subsidy that was supposed to create cheap energy for all. So??? It turned out to be another liberal Solyndra bridge to no where
Did John Kerry invent any products that got us from the stone age?
do you want liberal government to steal your money to prevent you from sharing it with your family?
So a tax cut on ethanol that lets me keep more of my own money is bad
but a tax cut on the rich who don't need it is good.
I would rather pay a little more tax than face the coming currency collapse from an unsustainable debt.
When that happens there will be no sharing money with family. There will be no amount that you can save that will see you through retirement. It will make us all government dependants.
Same 15 again. Really helps to show your ignorance. Thanks for that.So, ed, Where Are The Jobs??
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.