Balance Budget Tax Proposal

Discussion in 'Budget & Taxes' started by Shiva_TD, May 21, 2016.

  1. Ndividual

    Ndividual Well-Known Member

    Joined:
    Aug 21, 2013
    Messages:
    3,960
    Likes Received:
    638
    Trophy Points:
    113
    I ran across your post while purging my junk email and see you are still posting nonsense. Perhaps you should change the source of where your research on economics takes place.

    Inflating wages, cost of living, debt, government spending, etc., while it may result in an immediate living standard improvement, has consequences. Taking into account the 'facts' that trade is international and many developing nations we are facing competition with are beginning with a much lower cost of living, government and individual debt, and much lower wages needed to provide the basics of comfortable life; large corporations are faced with a choice of becoming the employer in those nations or cease to exist if they retain their operations where their costs far exceed that of a foreign competitor. Even so, most of their products remain priced beyond what most can or would be willing to pay where their operations exist abroad but result in lower costs which allow higher sales in more developed nations. As such their businesses don't create an unemployment problem in the nations they move to, but instead result in higher wages than would otherwise be found and more consumption of local products, lifting the poorest who often are self employed with little government regulations. Where I currently live, no business licenses are needed, no sales taxes are collected except at large businesses, no property taxes and few pay income or other taxes unless they have a bank account where taxes are automatically taken from the interest payment. With a 2% inflation rate my neighbors earning what is considered the minimum wage here would see their cost of living increase by $44 a year while someone earning the minimum wage in the U.S. would be looking at a $302 increase. In other words the cost of living here would increase by about $0.15 per day while in the U.S. the minimum wage earner would see an increase of about $1.15 per day. Wages here are paid at a per day rate, not per hour for the majority of workers who are not working for a large or foreign business. And small home run businesses can easily compete with large businesses in areas. Many of the products I buy are produced by individual or family run businesses. I can buy bread at a 7/11 or other chain far from home for about $1.15 a loaf or from a home run business at $0.34 a loaf. I can get a decent meal for $0.60 to $1.40, and not worry about being poisoned.
    Here, people NOT government help one another, and occasionally an individual or family will move in and be found unwilling to help themselves resulting in their leaving. Actually that's only happened twice over the last few decades. Small societies usually are much more efficiently governed from within as the people who comprise them make an effort to reach compromises when disagreements arise. The same holds true for adjacent societies.

    I don't believe a balanced budget is likely to occur in the U.S. as long as voters and elected politicians continue to make an effort to create greater 'equality' where none exists.
     
  2. danielpalos

    danielpalos Banned

    Joined:
    Dec 24, 2009
    Messages:
    43,110
    Likes Received:
    454
    Trophy Points:
    83
    Gender:
    Male
    Here is what the US, should be specializing in: In their model, trade allowed countries like America to economise on labour, by concentrating on capital-intensive activities that made little use of it. Industries that required large amounts of elbow grease could be left to foreigners. In this way, trade alleviated labour scarcity.

    Source: http://www.economist.com/news/econom...onvenient-iota

    It isn't like the wealthiest don't have enough money.
     
  3. liberalminority

    liberalminority Well-Known Member

    Joined:
    Mar 3, 2010
    Messages:
    22,863
    Likes Received:
    997
    Trophy Points:
    113
    a living wage of 15 dollars an hour isn't going to help when the rents are 10,000 dollars a month for a good place to live.

    tariffs will make the rich poorer who outsource, and the poor richer who work for real wages at home to balance the budget and cost of living..

    the wealthiest and their educated accomplices increased the cost of living for everyone else, that is why new yorks rents are so high where the bankers live who swindled everyone out of their lifetime of savings. all of the big businesses that outsource drained the wealth of everyone else, and sent it to other countries their invested in.
     
  4. danielpalos

    danielpalos Banned

    Joined:
    Dec 24, 2009
    Messages:
    43,110
    Likes Received:
    454
    Trophy Points:
    83
    Gender:
    Male
    it is just right wing fantasy that inflation will be a problem, with supply side economics.
     
  5. Ted

    Ted Banned

    Joined:
    Dec 30, 2008
    Messages:
    3,132
    Likes Received:
    6
    Trophy Points:
    38
    tariffs started trade wars that collapsed the world economy and started the Great Depression. 1+1=2
     
  6. Ted

    Ted Banned

    Joined:
    Dec 30, 2008
    Messages:
    3,132
    Likes Received:
    6
    Trophy Points:
    38
    You mean as long as voters vote for Democrats who have killed all 30 Republican attempts to make imbalanced budgets illegal.
     
  7. Ndividual

    Ndividual Well-Known Member

    Joined:
    Aug 21, 2013
    Messages:
    3,960
    Likes Received:
    638
    Trophy Points:
    113


    Automation, mass production?

    Industries such as?

    Meaning what?
     
  8. Ndividual

    Ndividual Well-Known Member

    Joined:
    Aug 21, 2013
    Messages:
    3,960
    Likes Received:
    638
    Trophy Points:
    113
    I meant what I wrote, it's not simply a Democrat vs Republican issue.
     
  9. danielpalos

    danielpalos Banned

    Joined:
    Dec 24, 2009
    Messages:
    43,110
    Likes Received:
    454
    Trophy Points:
    83
    Gender:
    Male
    sure; automation has high capital costs to start out with.

    Why do the wealthiest get Any tax breaks at all, if not to help create jobs for the least wealthy?
     
  10. Ndividual

    Ndividual Well-Known Member

    Joined:
    Aug 21, 2013
    Messages:
    3,960
    Likes Received:
    638
    Trophy Points:
    113
    Yes, it does but that in no way answers any of the questions I asked which you seem to feel your answer relates to.

    What jobs should they be creating if the jobs they've already created fill the needs of production? Essentially you seem to be implying that they should be creating jobs to consume the wealth they've acquired? The fact that there are many who possess much wealth should provide opportunity for others to produce something that would result in more spending by the wealthiest, which would create more persons having wealth at the expense of those who already possess much.
     
  11. danielpalos

    danielpalos Banned

    Joined:
    Dec 24, 2009
    Messages:
    43,110
    Likes Received:
    454
    Trophy Points:
    83
    Gender:
    Male
    what part did not answer your questions?

    The wealthiest should be "creating Jobs Booms for their capital gains tax break"; otherwise, why even have that tax break.
     
  12. Ted

    Ted Banned

    Joined:
    Dec 30, 2008
    Messages:
    3,132
    Likes Received:
    6
    Trophy Points:
    38
    They don't get tax breaks at all. The top 1% pay 44% of all federal income taxes and 50% of taxes in NYC and CA. Any violent liberal tax beyond 1% is theft that harms the economy by violently stealing money from our most productive people and giving to our least productive people. Notice the liberal will be both violent and stupid.
     
  13. Ddyad

    Ddyad Well-Known Member

    Joined:
    Nov 17, 2015
    Messages:
    32,980
    Likes Received:
    11,807
    Trophy Points:
    113
    All balanced budget legislation is tax hike legislation. The bipartisan political establishment will always ultimately support the expansion of the size power and cost of government.
     
  14. Longshot

    Longshot Well-Known Member

    Joined:
    Jun 15, 2011
    Messages:
    16,401
    Likes Received:
    2,117
    Trophy Points:
    113
    I'd actually prefer to balance the budget by reducing expenditures regularly and consistently. Oh, and I mean real reductions, not reductions to the planned increases.
     
  15. Ddyad

    Ddyad Well-Known Member

    Joined:
    Nov 17, 2015
    Messages:
    32,980
    Likes Received:
    11,807
    Trophy Points:
    113
    Real reductions will never happen absent economic collapse or new more compelling arguments for reductions.
     
  16. Longshot

    Longshot Well-Known Member

    Joined:
    Jun 15, 2011
    Messages:
    16,401
    Likes Received:
    2,117
    Trophy Points:
    113
    I'd think that real reductions will not happen until the majority want reductions.
     
  17. Ted

    Ted Banned

    Joined:
    Dec 30, 2008
    Messages:
    3,132
    Likes Received:
    6
    Trophy Points:
    38
    it would happen only with a Balanced Budget Amendment that made debt illegal. Then politicians would have to earn their keep! Newts passed the house and fell one vote short in Senate.
     
  18. Longshot

    Longshot Well-Known Member

    Joined:
    Jun 15, 2011
    Messages:
    16,401
    Likes Received:
    2,117
    Trophy Points:
    113
    That would be one way. Another would be a sound money amendment. There might be others still that I haven't thought of.
     
  19. danielpalos

    danielpalos Banned

    Joined:
    Dec 24, 2009
    Messages:
    43,110
    Likes Received:
    454
    Trophy Points:
    83
    Gender:
    Male
    capital gains is a tax preference for simply making money do work, not by putting a historical work ethic from the Age of Iron, to work.
     
  20. Ddyad

    Ddyad Well-Known Member

    Joined:
    Nov 17, 2015
    Messages:
    32,980
    Likes Received:
    11,807
    Trophy Points:
    113
    That will happen as soon as a populist politician offers to divert the revenue stream from failed programs and agencies to the productive working population.
     
  21. danielpalos

    danielpalos Banned

    Joined:
    Dec 24, 2009
    Messages:
    43,110
    Likes Received:
    454
    Trophy Points:
    83
    Gender:
    Male
    I believe we should be making money through public sector means of production like Hoover Dam and the Fed.
     
  22. Longshot

    Longshot Well-Known Member

    Joined:
    Jun 15, 2011
    Messages:
    16,401
    Likes Received:
    2,117
    Trophy Points:
    113
    You're so cute. I hope you're having fun.
     
  23. Ndividual

    Ndividual Well-Known Member

    Joined:
    Aug 21, 2013
    Messages:
    3,960
    Likes Received:
    638
    Trophy Points:
    113
    The entire response.

    Work on your reading comprehension.

    Don't bother, you're back to the ignore list.
     
  24. danielpalos

    danielpalos Banned

    Joined:
    Dec 24, 2009
    Messages:
    43,110
    Likes Received:
    454
    Trophy Points:
    83
    Gender:
    Male
    yes; i like playing word games for fun and practice.

    it is about better (and potentially cuter) government at lower cost.
     
  25. Ted

    Ted Banned

    Joined:
    Dec 30, 2008
    Messages:
    3,132
    Likes Received:
    6
    Trophy Points:
    38
    why you believe that when socialism slowly starved 120 million to death??
     

Share This Page