Economics courses do not teach how the economy works.

from the poor?? The top 1% pay 42% of all taxes while bottom 1% pay 0% taxes. See how easily you are crushed?

 

well that's odd. of the several people I know who have Economics degrees, 100% of them are financially very successful.

 

and who would have thought that a college degree would be valuable? Why doesn't Blizzard get a BS in econ?? or become a plumber and make about $700 a day?

 

Government has been doing that for decades now, current debt $20,472,055,576,918.71
need more be said?

I agree, some social safety nets are desirable, emanating directly from the people who have the greatest access to all the facts relative to those in need.

 

They pay much less than they should. They use tax havens in order to evade the whole amount of taxes they should pay. And then the workers have to pay a big part of the government expenses that the rich people are supposed to be paying.
The super-rich make huge amounts of money by working people to death, by paying miserable wages, by selling overpriced stuff and by getting fat contracts from the government. That's called bloodsucking. Whatever they pay in taxes, that's peanuts, comparing to how much they should pay. In essence, everything that's above the average income is actually coming from selling overpriced stuff.

You must have a very outlandish definition for "crushing". Maybe you mean something like "the that rich people that I'm supporting are crushing you anyways" ?
Quite a terrorist mindset.
Yes, my boss is sucking my blood. The government is helping him. That's what happens with millions of workers in the West - not only with me. You seem to be very happy with this situation. In case I die, you would be happy to dance on my grave? Or to even excrete on it?
Nothing else than a terrorist mindset. Capitalists, socialists and communists - you are all the same - nothing makes you more happy than to crush and to humiliate the working class.
Then you all come with all kind of miraculous solutions, infused with magical properties, like one ideology or another ideology but you all support criminals who label themselves with your ideology of choice.

 

The degree in Economics can help you to specialize in certain activities as an economist (for example an accountant) but it's a complete disaster in helping you how the economy of the country works.
They train you well for doing a specialized task but they brainwash you when it comes to macro-economics.

 

The more the technology will improve, the less people you need in order to produce everything the entire population needs. The government should give jobs to the people sent into unemployment, with the money they collect in taxes. If only 30% of the workforce works in the private economy, then the taxes have to be 70% in order to pay the rest. You can call that a monopoly tax. Or a robot tax.
Therefore the role of socialism (or better said - the nominal value of the % in taxes) has to increase in order to match the efficiency of the technology and subsequently the number of people liberated from the economy.

 

why should top 1 % pay 42% of revenue to govt rather than 1%. Do you want top 1% to pay more in supermarket too?

 

actually not many are worked to death. Who would take such a job? If you have evidence why so afraid to show it. A company survives under Republican capitalism only by offering best products and jobs possible. If you doubt it start a company with substandard jobs and products. Can you predict what would happen?

 

you are free to liberate yourself but not by using govt to steal for you at gunpoint.

 

of course that really shows the libcommie IQ stupid given that technology has improved for 200 years and we still have 96% employment.

 

This is nonsense. Macroeconomics shows more pluralism. There was only a temporary blip with the cobblers from the likes of Friedman, Lucas and madhatted New Classicals

 

ss a simple communist[killed 120 million] everyone knows more than you so your perspective is warped

 

if you live in America you are free to quit and get a good job making $200k. see, if people quit on a boss who sucks their blood then those bosses go bankrupt. 1+1=2

 

Economics doesn't teach communism. Communism exists or it doesn't (it certainly didn't exist with a dictator like Stalin). It should, however, teach Marxism. Its not possible to understand economic outcome in capitalism without reference to it.

 

Bernanke just saved the world from Depression with wisdom he got from Friedman, the greatest economist in history.

 

sure it does statism that slowly starved 120 million to death

 

Friedman's vertical Phillips Curve gives the game away: build on a make believe debate (Keynes had nothing to do with IS/LM and Phillips) and peddle snake oil (via money illusion). Monetarism, when applied, was disastrous. The 1980s British recession, deeper than the Great Depression, was built on monetarist policymaking.

And monetarism influence today? Shouldn't we be in hyperinflation already because of quantitative easing?

 

This is a nonsensical comment. It informs me that you don't know anything about how Economics is taught, nothing more.

 

You can make tens of millions if you are successful. But the vast majority make much less than $200k. On average, a single person makes $34k
And it's not easy at all to find a job - the jobs are outsourced in the West.
Spreading misinformation, like usual, isn't it?

 

Or maybe to become a waiter and make $5,000 per day?
You have plenty of energy to spread all kind of phantasmagorical and false claims, isn't it?

 

Lol, because they make 80% of the incomes in the country? So they should pay a percent that matches the percent of the income they are making. At least that much they should pay. But they evade paying everything they have to pay by keeping their mone in the tax havens.
On top of that, if they are indeed delivering the best products at the best prices, that means they only make an average income. Whatever is on top of that, means overpricing their stuff.
You've heard about Arithmetic?

I've already told you this for some 20 times, but you still don't get it. In fact, you just pretend that you don't understand. What you do is actually called trolling. After depleting an argument, you repeat it for a million times, even though it was dismantled before. You keep launching anti-welfare slogans to the people who are not supporting welfare and you repeat that 42% like a magic mantra, deliberately ignoring the fact that the 42% tax is much less than the percent the super-rich should pay.

No, I want them to stop evade paying taxes by using tax havens. And I want them to provide the best prices for the products they sell, and that means they will make only an average income.

 

- USA farm workers: The average life expectancy of migrant and seasonal farm workers is 49 years of age, in comparison to the U.S. average of 75 years of age - Wikipedia - United Farm Workers - History:
Today, thousands of farm workers live under savage conditions--beneath trees and amid garbage and human excrement--near tomatoe fields in San Diego County, tomatoe fields which use the most modern farm technology.
Vicious rats gnaw on them as they sleep. They walk miles to buy food at inflated prices. And they carry in water from irrigation pumps.
Child labor is still common in many farm areas.
As much as 30 percent of Northern California's garlic harvesters are under-aged children. Kids as young as six years old have voted in state-conducted union elections since they qualified as workers.
Some 800,000 under-aged children work with their families harvesting crops across America. Babies born to migrant workers suffer 25 percent higher infant mortality than the rest of the population.
Malnutrition among migrant worker children is 10 times higher than the national rate.
Farm workers' average life expectancy is still 49 years --compared to 73 years for the average American.

- 2013 Savar building collapse - Wikipedia

- Children in cocoa production

'Exhausted' Merrill Lynch intern died from epileptic fit in shower after he 'pulled three all-nighters at bank where employees compete to work the longest hours', Emma Thomas, 22 November 2013, Daily Mail
A 21-year-old intern died of an epileptic fit that may have been triggered by fatigue after working 'exceptional' hours at a top investment bank, an inquest has heard.
Moritz Erhardt was a week from completing a coveted placement at Bank of America Merrill Lynch’s London offices, and was due to be offered a job at the bank, when his body was found in the shower at his temporary accommodation in August.

- Eastern European migrant workers face slave labour in Germany, 30 August 2013, Anna Rombach, World Socialist Web Site
The building site and living quarters of the workers resemble a prison camp, surrounded by barbed wire barriers and completely sealed off from the public. According to a newspaper report, the construction trade union IG Bau has no right of access to the rooms where workers socialise and have their breaks, since the ECB operates under a law which states that the site is “extra-territorial.”
The name Zublin awakens horrible historical memories. In 1944, the firm employed the forced labour of 1,700 Jews from the concentration camp at Walldorf to expand Frankfurt airport. To this day, the firm continues to refuse to pay compensation for its crimes.

Romanian farm workers exploited and enslaved in Sicily, Italy
Raped, beaten, exploited: the 21st-century slavery propping up Sicilian farming, 12 March 2017, Lorenzo Tondo, Annie Kelly, The Guardian
Police say they believe that up to 7,500 women, the majority of whom are Romanian, are living in slavery on farms across the region.

You can hire illegal immigrants and you can exploit them. Maybe even pay some corrupt officials to close their eyes.
Or you can move the jobs to Bangladesh and work the people to death.
USA - Undocumented workers' grim reality: speak out on abuse and risk deportation, 8 March 2013, Paul Harris, The Guardian
Migrants in the low-wage depths of the US economy say they're being targeted for simply standing up for employees' rights

 

Collecting taxes is not stealing. But evading to pay taxes is. Legalizing tax fraud and lobbying also is.