If I may. Should I one day decide to come to your house with a gun and take 30% of everything you own.
Will you then thank me the next year when I show up with a gun and decide to only take 25% of everything you own?
We have a verdict -- Guilty on ALL counts
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Will you then thank me the next year when I show up with a gun and decide to only take 25% of everything you own?
Because tax cuts are inherently inflationary, and crab legs already cost enough, dammit.
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anon_mya1phvcpf5x4
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You aren't the personal representative of the result of our social contract with each other, embodied by the structures of a democratic government. If you did that, you'd simply be a criminal. This terrible analogy would not only likely end up with you dead or in prison, it's also a shining example of why you're a f*cking moron.
Tax cuts are not inherently inflationary. Their deflationary. Crab legs do cost too much.
I never entered into said social contract. I never consented to having my wealth confiscated. I only allow it because I don’t want to live in a cell.
Government is a gang. The largest, strongest gang that ended up winning out.
It's why they won't go to a national sales tax - they'd lose the ability to shake you down.
I’m not a full blown libertarian. I believe in Democratic government and most discretionary taxes are ok in my view.
It just boils my blood when people talk about tax cuts as being inflationary or contributing to the debt as if people don’t have a right to the fruits of their own labor.
None of this is as simple as you or Snarl make it out to be. It depends on supply levels, whether we are in a recession or not, and various other factors.
Tax cuts putting more money in people's pockets in an already strong economy can be inflationary. This will be compounded when there are supply side issues. There are many good studies on this if you search on it. Again, it's complicated.
Super complicated and my understanding is depending on circumstances can be either
It’s not complicated. Easy explanation. Example: GDP is 100 dollars and government tax rate is 30%. Private people spend 70 dollars and the government spends 30 dollars.
Now, tax rate is lowered to 20%. Private people spend 80 dollars and government spends 20 dollars. Demand will decrease in some areas(where jobs will go away) and those unemployed people will shift to new jobs to meet increased demand in whatever goods or services it is. At no point is there new money being created, which causes inflation.
Nonsense. It’s an interesting philosophical discussion though. I don’t believe you to be a “f*cking moron” just because we disagree.
I’m not averse to social contracts in general. The problem is that phrase gets too often confined to those made between citizens and national governments.
I’ve entered into a social contract with my family, my church, my company, my neighbors, my town. I entered into those freely. Each with their own governmental structure.
At scale it’s wholly unworkable. I don’t use, nor want 99% of the services the federal government provides.
Disagreement isn't why you're a moron. Analogizing taxation to a private citizen committing larceny is why you're a moron.
You have this exactly backwards. It doesn't with a la carte. Either we have a government - all of it - or we don't. Can't pick and choose which parts you like.
You throw more personal insults than everyone else combined. Don't pretend you are capable of desirous of polite conversation.
Let’s say it wasn’t just me that showed up at Hickory’s house.
I also brought the 82nd airborne, 1st Marines, everything under JSOC and the guys who control the nukes. The local police tried to arrest me for larceny but my boys wouldn’t allow it.
So what then? Am I not still confiscating Hickory’s wealth? The fruits of his labor?
Me and my boys have a government too you know. I guess Hickory just entered into a social contract with us.
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I forgot the best part. In exchange for the wealth we took from Hickory, we have set up a medical plan for him so that whenever he gets sick, he gets free advil. We also won’t let anyone else come in and confiscate his wealth or harm him. We’ll protect him. This is our corner.
That's actually better. Still dumb, but at least you're moving in the right direction.
Follow that direction long enough, you get the U.S. Federal government. The largest, baddest gang on the block.
I'm surprised you would go that far, to be honest. I mean, the analogy between the protection racket and a feudal society is obvious to all, but to extend that to our modern capitalist oligarchy, that really takes the mind of a socialist to pull off, amirite, @BradStevens?
Sure, in your overly simplistic example. But too often government does not cut spending. Both parties. So now I have public and private funds chasing goods and services. Inflation is then the result all too often.
It’s not a capitalist oligarchy. It’s a corporatist oligarchy, whereby government and private business collude in non-competitive manner for the enrichment of themselves
Similar to helping out the convenience store that you shake down every month by breaking the windows and roughing up the owner of the new convenience store that opened up down the block.
Yeah. You’re not getting it. The problem is the enforcement mechanism of government. Not the capitalist company trying to maximize profit.
The first, but not the last……so no, it doesn’t tell you everything you need to know.
Like I said, if you restricted your analogy to feudal government, it would have made sense.
Ummmm why wouldn’t he talk about getting progressives on the Supreme Court? The race baiting is bs. We’ve gone over prices and inflation again and again and again and again. No point in doing it any more. You’re not changing your mind and I’m understanding that the whole world had inflation after the pandemic and ours was under much better control that nearly every other country. And that recession….
Don’t be stupid. I know that’s difficult for you. I’m sure he called Obamas as soon as he heard the news.
That’s possible, but the inflation would still come from the creation of new money. Also, tax revenues increased after the Trump tax cuts.
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Well, no. Russia and China and North Korea and Iran and others are far worse.
You guys just don't like being told what to do, by anyone.
So Trump did the same but you don’t care because he’s not a progressive? You seem to think Biden WAS indeed transformative, just not in the way YOU wanted.
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