Q: How do we pay off the National Debt? A: We inflate it away!

[JakeStarkey]

Q: How do we pay off the National Debt? A: We inflate it away!

Give us a graph of annual inflation year by year for the last fifty.

Then we will talk.

 

[HenryBHough]

Q: How do we pay off the National Debt? A: We inflate it away!

Give us a graph of annual inflation year by year for the last fifty.

Then we will talk.

Take one of the two dimes out of your piggy bank and go see if it will still buy the same size ice cream cone it did 50 years ago.

 

[bendog]

epic fail

http://en.wikipedia.org/wiki/Real_versus_nominal_value_(economics)

 

[OnePercenter]

Except the costs of good and services are capped.

How in the hell do you make that work?

The cost of being in business and the prices you need to sell at are directly tied to the cost of labor. How can you possibly increase the cost of labor and think you can at the same time cap the selling price? People just quit making stuff in that case. Once the labor costs exceed the sales price of the item you no longer have a business.

It's why people in Venezuela don't have any toilet paper. It's why this idea of socialist policies fail every single time. You can't cap the selling price of an item and then demand they pay more to make it and succeed. It's not possible.

Except under my plan the cost of labor for small business NEVER exceeds total tax/fee costs.

And how do you do that? If you increase the cost of labor the product produced is obviously going to increase. But you are going to use price controls at the selling point to somehow make the labor worth more while keeping the sales price the same. If you can't accomplish that then there is no reason for your increase in labor.

Where does your unicorn and fairy tale economy come into play? Do you actually think that business today isn't based upon charging for their product based upon the total tax/fee plus labor and materials and sales costs? What you are paying for products today is entirely based on those costs.

You have no other plan than to increase all of those costs by triple. Raise the labor rate and the sales price goes up. Is this hard for you to understand?

I'll go slow for you.

10k in taxes and fees

20k employee expense of which all is subsidized which bring a net expenditure of 30k to 10k.

Prices are capped = no inflation

Prices are capped = no increased costs

Tens of billions per month into the economy.

States need less Federal monies due to higher tax income due to spending

 

[OnePercenter]

So fines were imposed on oil companies in the 1980s for something that happene din the early 70s?
Sonny boy, I was there. There was a shortage of gas. Everyone with two functioning brain cells agrees on this. Since you dont have two functioning brain cells you dont get it.

It was the late 70's. My Uncle was a VP at Standard Oil/Chevron. It was collusion.

Yes of course he was. Just like you have an MBA from Columbia.

So it wasn't the late 70's?

 

[HenryBHough]

When costs are uncontained and prices are capped production ceases and shelves go empty.

Like in Cuber (as JFK called it).

 

[OnePercenter]

Except under my plan the cost of labor for small business NEVER exceeds total tax/fee costs.

And how do you do that? If you increase the cost of labor the product produced is obviously going to increase. But you are going to use price controls at the selling point to somehow make the labor worth more while keeping the sales price the same. If you can't accomplish that then there is no reason for your increase in labor.

Where does your unicorn and fairy tale economy come into play? Do you actually think that business today isn't based upon charging for their product based upon the total tax/fee plus labor and materials and sales costs? What you are paying for products today is entirely based on those costs.

You have no other plan than to increase all of those costs by triple. Raise the labor rate and the sales price goes up. Is this hard for you to understand?

He is too stupid to argue with. I point out that lots of products are imported, where price controls won't reach. And his response is they are sold by importers, who cannot increase their prices. So it's OK.
It literally does not get more stupid than that.

So foreign companies would either reduce the prices to importers or loose out on a significant increase in sales due to tens of billions per month in the hand of middle class spenders.

 

[OnePercenter]

Q: How do we pay off the National Debt?

Just as we did the last time: getting Americans back on a payroll – something conservatives have prevented us from doing as a consequence of their partisan obstructionism.

Does paying your children to do chores make your family richer, or increase the family income?

No, because you're taking family income and distributing it to the family.

Does taking money from peter to pay paul, make this nation richer, or increase the nation's income?

Yes, if Peter is an employer and Paul is a store.

Welfare also. For each $1.00 spent on welfare to a person, it places $1.70 in the economy.

 

[OnePercenter]

Costs of goods for business will stay the same.

Profits won't be capped because every American will receive a HUGE raise and buy more product thus enhancing profit.

Corporate America is holding the middle class hostage because they want their subsidies back. I'm giving them their subsidies, but in a way that stimulates the middle class and the economy instead of just enhancing their bottom line.



I hold a Masters Degree in Business from Columbia University.

Then, you got robbed at Columbia University.

All the way too the bank!

There is no free lunch, and there never has been one. Government cannot mandate prosperity. If it could, it would have done so many years ago. Has that thought ever entered your pointy little head?

I take it you've never heard of corporate subsidies. (Free lunch)

 

[OnePercenter]

There is no such thing as a "Masters Degreee in Business" from Columbia. He is a poseur. That explains the absurd content of his posts.
I think his screen name reflects the working percentage of his brain.

Home | Columbia Business School

Seems you must have attended "Collage."

 

[Erand7899]

Except under my plan the cost of labor for small business NEVER exceeds total tax/fee costs.

And how do you do that? If you increase the cost of labor the product produced is obviously going to increase. But you are going to use price controls at the selling point to somehow make the labor worth more while keeping the sales price the same. If you can't accomplish that then there is no reason for your increase in labor.

Where does your unicorn and fairy tale economy come into play? Do you actually think that business today isn't based upon charging for their product based upon the total tax/fee plus labor and materials and sales costs? What you are paying for products today is entirely based on those costs.

You have no other plan than to increase all of those costs by triple. Raise the labor rate and the sales price goes up. Is this hard for you to understand?

I'll go slow for you.

10k in taxes and fees

20k employee expense of which all is subsidized which bring a net expenditure of 30k to 10k.

Prices are capped = no inflation

Prices are capped = no increased costs

Tens of billions per month into the economy.

States need less Federal monies due to higher tax income due to spending

If it were that friggin simple, every country would be doing it, However, no country is, and that alone should lead you to the basic conclusion that your plan is seriously flawed.

 

[OnePercenter]

And how do you do that? If you increase the cost of labor the product produced is obviously going to increase. But you are going to use price controls at the selling point to somehow make the labor worth more while keeping the sales price the same. If you can't accomplish that then there is no reason for your increase in labor.

Where does your unicorn and fairy tale economy come into play? Do you actually think that business today isn't based upon charging for their product based upon the total tax/fee plus labor and materials and sales costs? What you are paying for products today is entirely based on those costs.

You have no other plan than to increase all of those costs by triple. Raise the labor rate and the sales price goes up. Is this hard for you to understand?

I'll go slow for you.

10k in taxes and fees

20k employee expense of which all is subsidized which bring a net expenditure of 30k to 10k.

Prices are capped = no inflation

Prices are capped = no increased costs

Tens of billions per month into the economy.

States need less Federal monies due to higher tax income due to spending

If it were that friggin simple, every country would be doing it, However, no country is, and that alone should lead you to the basic conclusion that your plan is seriously flawed.

It is that ******* simple. My plan is flawed, but amazingly, not one 'power brain' on this forum has figured it out yet.

 

[KissMy]

Adjusted for inflation, our national debt was higher at the end of WWII than it is today.

There are six ways a government can reduce its debt.

1. Grow the economy. A growing economy means increased revenues. Simple enough.

2. Internal devaluation. Keep wages low to make your production costs competitive with other countries.

3. External devaluation. Make your money lose its value. The most common way to achieve this is through inflation, but you can also depeg your currency from a fixed exchange rate and just declare its new value.

4. Renegotiate a lower interest rate with your creditors.

5. Raise taxes/cut spending.

6. Default.

After World War II, the US government experienced moderately high inflation for about a decade or so, accompanied by high tax rates and an economically booming economy. These all served to produce an incredibly rapid reduction of debt-to-GDP from 116% in 1945 down to 64% just ten years later.

7. The Fed can take all the treasuries it has bought & can buy with QE1,2&3 and sterilize them at zero interest for ever or write them off.

 

[HenryBHough]

Meanwhile, Pajama Boy seems to be still searching for a 10-cent ice cream cone!

 

[Little-Acorn]

It is that ******* simple. My plan is flawed, but amazingly, not one 'power brain' on this forum has figured it out yet.

Not quite.

Actually, no one with any sense bothers to pay any attention to your misguided blather.

 

[OnePercenter]

It is that ******* simple. My plan is flawed, but amazingly, not one 'power brain' on this forum has figured it out yet.

Not quite.

Actually, no one with any sense bothers to pay any attention to your misguided blather.

Which is why I'm wealthy, and you're not.

 

[asterism]

Make the liberals work and pay taxes, instead of posting dumb ass chit on these boards.

They do. The problem is there's not enough jobs. Corporate America is holding the middle class hostage because they want their subsidies back. My plan eliminates the loopholes and stimulates hiring, especially in small businesses by reducing the number one expense of hiring to a maximum of taxes paid.

It also stimulates the welfare class. Would you rather make payments from welfare or $48k/yr? Simple choice, since everyone will be hiring I'm removing the 'I can't find a job' off the table.

Why don't you set a generous limit of $250K per year to live on and spend every dollar of income above that to employ people? That includes all of your assets, too.

If the problem is that there aren't enough jobs, couldn't you make a huge impact all by yourself?

 

[Little-Acorn]

It is that ******* simple. My plan is flawed, but amazingly, not one 'power brain' on this forum has figured it out yet.

Not quite.

Actually, no one with any sense bothers to pay any attention to your misguided blather.

Which is why I'm wealthy, and you're not.

Definitely doesn't know who he's talking to, does he?

As well as what he's talking about.

 

[OnePercenter]

Make the liberals work and pay taxes, instead of posting dumb ass chit on these boards.

They do. The problem is there's not enough jobs. Corporate America is holding the middle class hostage because they want their subsidies back. My plan eliminates the loopholes and stimulates hiring, especially in small businesses by reducing the number one expense of hiring to a maximum of taxes paid.

It also stimulates the welfare class. Would you rather make payments from welfare or $48k/yr? Simple choice, since everyone will be hiring I'm removing the 'I can't find a job' off the table.

Why don't you set a generous limit of $250K per year to live on and spend every dollar of income above that to employ people? That includes all of your assets, too.

If the problem is that there aren't enough jobs, couldn't you make a huge impact all by yourself?

It's nice of you to create a plan to spend my money. Thanks.

But I am.

I am an Angel Investor who made a $50 million investment 4 years ago on two companies who employ 180 Americans. The starting hourly wage position is $23.50/hr with company paid benefits.

 

[OnePercenter]

Not quite.

Actually, no one with any sense bothers to pay any attention to your misguided blather.

Which is why I'm wealthy, and you're not.

Definitely doesn't know who he's talking to, does he?

As well as what he's talking about.

That should be 'WHOM he's talking to.'

So 'WHOM' am I talking too?