it really bothers me that the minimum wage bill was blocked

[ballz2wallz]

Originally Posted by hsmith

i disagree, it is a perfect time to get rid of it. like any gov't program. all it does is keep the poor poor.

do you really think the democrats will ever let that happen?

[hsmith]

Originally Posted by Scrumtralecent

If they want to change the rules for everyone, I would be all for it. To change the rules for some because they are more valuabe is bullshit.

So you stipulate that taxing bill gates estate, making him divest 50% of his stock, removing 25 billion from the economy, giving it to the federal gov't to squander is a far better idea than letting his estate live on and letting that 25 billion be invested in america?

oh, ok.

[Scrum]

Originally Posted by ballz2wallz

uh, they ARE changing it for everyone. the estate tax applies to everyone, including you and me. when your dad gives you your inheritance, no matter how much or how little it is, you won' thave to pay taxes on it.

look, even people that get a mere 500k still have to pay an assload of taxes. YOU pay this shit too, not just the rich.

No, this rule only helps people who are handed over 5 million. It does nothing for people who are handed under 2 million.

Plus these same people already have so many loophole to get around taxes.

[hsmith]

Originally Posted by lew

So then you're for the poor paying taxes? After all, everyone should pay taxes right?

lol, he sort of missed that one

[6SpeedTA95]

Originally Posted by Thorgrim

you asked for an example...

and we know there are ways of saving (like buying gold) are one time hits that are nothing like buying a burger which goes to the company which goes to the employee which goes to buying a soda which goes to the company etc...around and around

That's the kind of spending the poor do, the rich are much more likely to do extreme savings that keeps money out of circulation which hurts the economy and causes depressions

For the most part the rich stay away from gold and deposit boxes because they're absolutely horrible investments and they didn't get rich by making horrible investments.

Savings out of circulation? Most rich keep their money in circulation thats how they continue to accumlate wealth.

[lew]

All of this can all be traced back to one person.


Lincoln.

[Thorgrim]

Originally Posted by 7960

What Caused the Great Depression of the 1930's

The depression started because of politics and policy. The rich saved their money as a result of the depression hitting......their "keeping" money did not start the depression.

You have your cause and effect backwards.

A recession started because of the free market screwing itself up while the government stepped back

It turned into a depression because the rich got scared and stored away their money

[Scrum]

Originally Posted by lew

So then you're for the poor paying taxes? After all, everyone should pay taxes right?

Damn right. Everyone should be contributing. They should pay a percentage like the rest of us.

[Ardentfrost]

Originally Posted by hsmith

Actually the depression was caused because interest rates were lowered and too much capital flowed to the wrong individuals. Once the market started to corrrect itself, it was over before it could be fixed

It was more than that... that's what STARTED it. It was propagated by huge tax increases (2 big ones in 6 years) in the 30's. You add that to New Deal politics and you have a recipe for disaster. Had FDR just left shit alone, everything would have been ok a lot quicker.

I think I went over this in a thread recently... I outlined all the New Deal policies that really fucked shit up.

[7960]

Originally Posted by Thorgrim

Deposit boxes, also one-time spends...like buying gold to stimulate the economy once, but then keeping the gold in your house or at a bank and out of circulation

While other money is in continual circulation

This is not Monopoly...there is not $15,140 for the world to share.

If someone buys big hunks of gold and puts them in his basement the's still got to live so he's either earning more or borrowing against it. Money is circulating and his having tons of gold in his basement doens't preclude you from having money.

[6SpeedTA95]

A million dollars sitting in a savings account does more good than the government taking a million dollars. Why? It's called money supply, a crucial element of supply side that many either conveniently overlook because it doesn't sound as nice politically or they're just ignorant with reguards to supply side economics.

[hsmith]

Originally Posted by Ardentfrost

It was more than that... that's what STARTED it. It was propagated by huge tax increases (2 big ones in 6 years) in the 30's. You add that to New Deal politics and you have a recipe for disaster. Had FDR just left shit alone, everything would have been ok a lot quicker.

I think I went over this in a thread recently... I outlined all the New Deal policies that really fucked shit up.

well i know it was more than that, but it got the ball rolling.

[lew]

Originally Posted by Scrumtralecent

Damn right. Everyone should be contributing. They should pay a percentage like the rest of us.

Ok. At least you're consistent.

[6SpeedTA95]

Originally Posted by Thorgrim

A recession started because of the free market screwing itself up while the government stepped back

It turned into a depression because the rich got scared and stored away their money

Are you talking about the great depression? if so you're sorely mistaken

[hsmith]

Originally Posted by 6SpeedTA95

A million dollars sitting in a savings account does more good than the government taking a million dollars. Why? It's called money supply, a crucial element of supply side that many either conveniently overlook because it doesn't sound as nice politically or they're just ignorant with reguards to supply side economics.

well actually it lowers the interest rate because the bank has more cash reserves

[Diesel66]

Originally Posted by Thorgrim

You mean 1933

And yes, thats after the depression hit

unless you want to say 1931-1932 were booming times?

depression was from late 1929-until 1943 or so. So how was it after ?

Originally Posted by ballz2wallz

look, even people that get a mere 500k still have to pay an assload of taxes. YOU pay this shit too, not just the rich.

1.5mil is the cutoff this year

[lew]

Originally Posted by Thorgrim

A recession started because of the free market screwing itself up while the government stepped back

It turned into a depression because the rich got scared and stored away their money

Again, and Wilson's actions of dropping us into WWI had nothing to do with this?

[Thorgrim]

Originally Posted by 6SpeedTA95

For the most part the rich stay away from gold and deposit boxes because they're absolutely horrible investments and they didn't get rich by making horrible investments.

Savings out of circulation? Most rich keep their money in circulation thats how they continue to accumlate wealth.

For the most part, which is a guesstimate from all i have seen

Also, you still haven't refuted the basic economic principle:

The more rich someone is, the more likely they are to save (including extreme examples) and the more poor they are, the more likely they are to direct spend (which helps the economy directly)

[hsmith]

this thread hurt the educated portion of my brain

[7960]

Originally Posted by Scrumtralecent

Yeah it's facist to say everyone must follow the same set of tax rules.

No, it's facist to say you're going to take someone else's money because you know better what should be done with it.

The rule is "you're handed money you haven't payed taxes on and we tax you".

Ahh, so the rule is "you're handing taxed money and we're going to tax it again."

Got it.