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Thread: CBO: Stimulus hurts economy in the long run

  1. #291
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    Exactly right, and guess what that does to the value of the dollar?
    I think I've argued it many times.

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    Re: CBO: Stimulus hurts economy in the long run

    j-mac;

    Sure, including ALL. No more protected class including welfare.
    Cool, then we agree on this one.Warren Buffet will now pay the same taxrate as his secretary on all of his income including SS.HELL!...lets go with 9% thatsa good and poplar number nowadays.


    0...It's passed to the consumer anyway.


    j-mac
    NAH,we have to get some blood directly from the ole turnip.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    And the first thing I would do with responsibility to investors is move off shore and overseas. When you invest your own money and then have someone dictate to you how much you are going to make, not take any of the risk, and have nothing invested in your business, then you will understand how foolish your proposal is.

    How much money are you going to get by raising taxes on the top 1% and will that change their behavior?

    MOVE OFFSHORE! What kinda businessman would take the hit that I would hit them with when they attempted to sell their products in the largest economy in the world? The stockholders would be marching on meetings (offshore of course) with pitchforks.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by AdamT View Post
    I wonder what Adam Smith, the father of modern capitalism would say....

    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
    Progressive taxation.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by treedancer View Post
    MOVE OFFSHORE! What kinda businessman would take the hit that I would hit them with when they attempted to sell their products in the largest economy in the world? The stockholders would be marching on meetings (offshore of course) with pitchforks.
    The kind of business person who has their own money invested in a business and is being forced to redistribute it to someone else. My responsibility is to take care of my family and my shareholders not you or someone else who many not have a clue. You seem to believe that I am in business to support you. That entitlement mentality has created the 15 trillion dollar debt we have.

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    Re: CBO: Stimulus hurts economy in the long run

    The expense of government to the individuals of a great nation, is like the expense of management to the joint tenants of a great estate, who are all obliged to contribute in proportion to their respective interests in the estate. In the observation or neglect of this maxim, consists what is called the equality or inequality of taxation.

    Adam smith - Wealth of Nations 1776

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by pbrauer View Post
    The expense of government to the individuals of a great nation, is like the expense of management to the joint tenants of a great estate, who are all obliged to contribute in proportion to their respective interests in the estate. In the observation or neglect of this maxim, consists what is called the equality or inequality of taxation.

    Adam smith - Wealth of Nations 1776
    What was the size of Govt. during Adam Smith's era? Justify a 3.7 trillion dollar govt before making foolish statemetns.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    The kind of business person who has their own money invested in a business and is being forced to redistribute it to someone else. My responsibility is to take care of my family and my shareholders not you or someone else who many not have a clue. You seem to believe that I am in business to support you. That entitlement mentality has created the 15 trillion dollar debt we have.
    Does that include Reagan tripling the debt and W doubling it?

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    What was the size of Govt. during Adam Smith's era? Justify a 3.7 trillion dollar govt before making foolish statemetns.
    What was the size of the country and the country's population during Adam Smith's era? Before making foolish statements you should probably consider what it is you are trying to prove.
    "Never fear. Him is here" - Captain Chaos (Dom DeLuise), Cannonball Run

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    What was the size of Govt. during Adam Smith's era? Justify a 3.7 trillion dollar govt before making foolish statemetns.
    The size relative to what, Con?

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