tag:blogger.com,1999:blog-6498413430541424627.post7090691161715988653..comments2023-11-29T01:47:52.439-07:00Comments on clarity2010: Good timesRelax Maxhttp://www.blogger.com/profile/01051381168322495999noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-6498413430541424627.post-36250661736541066222010-09-11T19:11:34.955-06:002010-09-11T19:11:34.955-06:00There, now. I think I have all my comments located...There, now. I think I have all my comments located under the proper post now.Relax Maxhttps://www.blogger.com/profile/01051381168322495999noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-2879663448053224032010-09-11T19:10:59.951-06:002010-09-11T19:10:59.951-06:00In fact, the person who rents the money from you v...In fact, the person who rents the money from you very often uses it to create jobs.Relax Maxhttps://www.blogger.com/profile/01051381168322495999noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-32051506036247253242010-09-11T19:10:04.653-06:002010-09-11T19:10:04.653-06:00Why yes, yes I do think that.Why yes, yes I do think that.Relax Maxhttps://www.blogger.com/profile/01051381168322495999noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-88067780603177212832010-09-11T09:02:48.529-06:002010-09-11T09:02:48.529-06:00Do you think money being rented does as much good ...Do you think money being rented does as much good as money used to provide a job?Stephanie Barrhttps://www.blogger.com/profile/17772217449161603561noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-80729089177074486032010-09-10T23:21:40.036-06:002010-09-10T23:21:40.036-06:00Let me see if I am properly grasping this economic...Let me see if I am properly grasping this economic theory. All recessions, not to mention depressions, have been caused by one segment of the population having more money than the rest of the population? Have I got that right? :)Relax Maxhttps://www.blogger.com/profile/01051381168322495999noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-91618476248397235192010-09-10T23:15:20.985-06:002010-09-10T23:15:20.985-06:00The money to fund WWII was raised in very large pa...The money to fund WWII was raised in very large part by selling war bonds to decidedly unwealthy Americans. That was hardly taxing the rich. I don't think the rich had enough money to finance a war such as WWII even if you taxed them at 100%. Ummmm.... did you think WWII has been paid for? Just asking.Relax Maxhttps://www.blogger.com/profile/01051381168322495999noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-10244480087740214982010-09-10T23:07:09.967-06:002010-09-10T23:07:09.967-06:00How do you argue with someone who thinks putting m...How do you argue with someone who thinks putting money in a bank is "squirreling it away" and taking it out of the economy?<br /><br />"Squirreling it away" is putting it under your mattress. Renting it to others is hardly taking it out of the economy..Relax Maxhttps://www.blogger.com/profile/01051381168322495999noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-24523477550606651932010-09-08T21:04:09.069-06:002010-09-08T21:04:09.069-06:00We do need to start producing actual products agai...We do need to start producing actual products again, so jobs stay in our country.Jeff Kinghttps://www.blogger.com/profile/00667419764890599092noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-3743598124671384602010-09-08T13:40:16.247-06:002010-09-08T13:40:16.247-06:00I do think Soubriquet has at least one other point...I do think Soubriquet has at least one other point I agree with. <br /><br />We need to get back into the business of creating things. The service industry now provides nearly three quarters of the GDP. People who don't have jobs don't need services. Clearly, this is a spiral to nowhere.<br /><br />I think it's important to get people working at something now (repairing crumbling infrastructure is fine), preferably learning skills that will be useful in making something else in the future because, if we're not doing that, making something, we'll be doing this again. Much sooner than we like, even if we survive the current crisis.Stephanie Barrhttps://www.blogger.com/profile/17772217449161603561noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-12976184340649220472010-09-08T12:53:13.833-06:002010-09-08T12:53:13.833-06:00I'm in agreement with both Max and Stephanie, ...I'm in agreement with both Max and Stephanie, not totally, but...<br /><br />The thing that gets you out of recession is exporting. <br />The jobs that matter economically are those that are involved in actually making things that other people pay for.<br />As you say, government can say "We're creating 50,000 new jobs!"<br />But if those new jobs are in the myriad government make-work schemes, now let me see... those people who organise "team bonding days" for government offices, oh no, i'd better not get started on the way in which govt departments pour money down the drain, taxpayer's money.<br />Truth is, every one of us who picks up and buys some item or produce made overseas, is exporting money.<br />Look at the cars going by. Look at your fridge, your television, look at all those imported goods paid for by exported money. <br />And ask yourself, what are WE making to sell to those countries and get money back in? <br />The answer is "Not enough".<br /><br />Tax the rich?<br />Not a bad idea. <br />I'm all for the creators of wealth enjoying the fruits of their labours.<br />But people who shuffle money, earning vast bonuses and commissions, what are they actually making? Nothing. It's imaginary industry. <br />Futures trading? Like betting on the horses, only more respectable.<br /><br />Let's ask ourselves, why do we pay rappers and ball-throwers vast sums of money? <br /><br />Ohhhh I've lost the thread here. It's when I see vast wealth in the hands of the Paris Hiltons and the gangsta rappers that I feel suddenly communist. Oh yes, Comrades, line the millionaires up and give them a job hewing coal and tilling the soil. <br /><br />Tax the rich, lessen the tax burden upon the poor. <br />Set them to work making things.<br />Sell overseas.soubriquethttps://www.blogger.com/profile/01151288534629885195noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-24228511530278616962010-09-08T11:29:55.998-06:002010-09-08T11:29:55.998-06:00And thanks for missing me. I managed to crank out ...And thanks for missing me. I managed to crank out nearly a quarter of my novel this past weekend so my absence has not been in vain.Stephanie Barrhttps://www.blogger.com/profile/17772217449161603561noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-52344909924408853392010-09-08T09:57:15.041-06:002010-09-08T09:57:15.041-06:00I mentioned the war, Max. But all the economists I...I mentioned the war, Max. But all the economists I've read credit the otherwise unthinkable public spending done in support of the war for the recovery rather than the actual war itself.<br /><br />Interesting article on this topic today: http://www.nytimes.com/2010/09/06/opinion/06krugman.html?src=me&ref=opinion<br /><br />I'm not trying to call names, just pointing out why I see things differently (i.e. since every economic cataclysm I know of is caused by or fueled by concentration of money in by the few), I'm willing to think making sure the upper echelons can hold on to their money while others suffer is a recipe for recovery. <br /><br />I didn't write the quote, just noting that I make a point of learning from history as Einstein advised. And sometimes that goes against what can look like "common sense." Not that I, personally, think preserving today's obscene imbalance in wealth, in any way, counts as "common sense."<br /><br />However, I will rethink my process if you can point to an economic collapsed caused by too much money in the lower/middle classes while the "rich" were left wanting.Stephanie Barrhttps://www.blogger.com/profile/17772217449161603561noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-77145405542951830792010-09-08T09:31:32.043-06:002010-09-08T09:31:32.043-06:00@Angelika - I always make sense to the common thin...@Angelika - I always make sense to the common thinking man. (Or woman.) :) You never thought of that because you were too busy hustling people to do your Walmart boot shopping for you. So.<br /><br />@Stephanie Barr - Welcome back. Missed you.<br /><br />Well, I was just saying that I felt better when I was working and had money, back in the day, than I did when I was having to pinch pennies and deny myself all the time. For me, being employed was better, that’s all. I never really matched it up with this or that president, they have all sucked pretty much.<br /><br />Although I realize you are the final word on such things, many lessor economists cite WWII as getting us out of the depression rather than taxing the rich.<br /><br />Me? You are right about me thinking people are the answer and not the government, over and over and over again. So I am one of those idiots you describe, as you say.Relax Maxhttps://www.blogger.com/profile/01051381168322495999noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-52569870538682819112010-09-08T05:57:48.695-06:002010-09-08T05:57:48.695-06:00Rolls eyes.
Guess how we got out of every depres...Rolls eyes. <br /><br />Guess how we got out of every depression/recession? Yep, taxing the wealthy to put money in the hands of poorer people (lower AND middle class) because it stays working in the economy instead of being squirreled away in banks (on and off shore).<br /><br />Ironically, creating a recession (EVERY SINGLE ONE I know about, back to ancient times) has come from a concentration of money among the rich. That includes this one. That includes 1929 (and that depression was dealt with by a combination of war - which hasn't exactly been helping us here - and exactly the tactics you're decrying). Einstein said "We can't solve problems by using the same kind of thinking we used when we created them," and "There is a name for those who suppose that doing the same thing will produce different results. That name is 'Idiot'." It's a rule I abide by.<br /><br />It's the top heavy thinking that gets us here, not the other way around. Though I appreciate (even if I don't agree) your view on governments in theory, in actuality, letting the bulk of the citizens in this country suffer because on principle seems like a bad plan to me.<br /><br />You want to know what else is amazing? Republican presidents have increased the deficit more than Democrats (even if you include FDR)this century by a huge margin- do the math. Huge amounts if you include Hoover. The data's out there. Look it up.Stephanie Barrhttps://www.blogger.com/profile/17772217449161603561noreply@blogger.comtag:blogger.com,1999:blog-6498413430541424627.post-24286515892051312512010-09-08T00:17:46.988-06:002010-09-08T00:17:46.988-06:00What you said made a lot of sense!
I never though...What you said made a lot of sense!<br /><br />I never thought about tax cuts actually increasing employment.<br /><br />Cool.Anonymoushttps://www.blogger.com/profile/00157990727797664266noreply@blogger.com