Page 47 of 57 FirstFirst ... 374546474849 ... LastLast
Results 461 to 470 of 565

Thread: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

  1. #461
    better late than pregnant
    Gonzo Rodeo's Avatar
    Join Date
    Dec 2011
    Location
    Here
    Last Seen
    Yesterday @ 04:14 PM
    Lean
    Private
    Posts
    4,133

    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by FaceofBachmann View Post
    Increasing taxes on the top bracket and using those revenues to money into the economy in fact does decrease the income gap in various well understood ways. It's not the entire story, but a good step. And since the income gap is the source of recessions, keeping taxes on the top bracket high is always a good thing.
    Ok, a hard claim.

    Please tell us, how does the wealth gap cause recessions? And how much of a tax increase (in dollars collected) is needed to close the gap? And how does it get across the gap?
    "Political speech and writing are largely the defense of the indefensible. . . . Thus political language has to consist largely of euphemism, question-begging and sheer cloudy vagueness."
    ~Orwell, Politics and the English Language

  2. #462
    Banned
    Join Date
    Sep 2014
    Last Seen
    04-07-15 @ 09:18 PM
    Lean
    Socialist
    Posts
    1,018

    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Gonzo Rodeo View Post
    Ok, a hard claim.

    Please tell us, how does the wealth gap cause recessions? And how much of a tax increase (in dollars collected) is needed to close the gap? And how does it get across the gap?
    The process is well known and you can google it. The literature is well attested.

    Simply put, too much cash in the hands of too few people results in bubbles and a decrease in aggregate demand. When the bubble bursts, the recession commences

    That's why every major recession in the last century was preceded by a significant increase in the income gap. The data is indisputable. It is the single best indicator of a coming recession. And by the way, the income gap is increasing as we speak.

  3. #463
    Banned
    Join Date
    Sep 2014
    Last Seen
    04-07-15 @ 09:18 PM
    Lean
    Socialist
    Posts
    1,018

    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Fenton View Post
    Raising taxes on the wealthy and Bussinesses has done wonders in California. ....wait, no it hasn't.

    Its driven out their tax base and Bussinesses and made their Budget issues much much worse.

    Did it reduce the " income gap " ?

    No, their High tax anti-Bussinesses policies have driven over 2 Million to States that have low taxes and sensible regulations
    Uh, you realize that California has the largest economy of any US state - by far?

    Sounds like it worked pretty well to me.

  4. #464
    better late than pregnant
    Gonzo Rodeo's Avatar
    Join Date
    Dec 2011
    Location
    Here
    Last Seen
    Yesterday @ 04:14 PM
    Lean
    Private
    Posts
    4,133

    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by FaceofBachmann View Post
    The process is well known and you can google it. The literature is well attested.

    Simply put, too much cash in the hands of too few people results in bubbles and a decrease in aggregate demand. When the bubble bursts, the recession commences

    That's why every major recession in the last century was preceded by a significant increase in the income gap. The data is indisputable. It is the single best indicator of a coming recession. And by the way, the income gap is increasing as we speak.
    Pretend I don't know anything about economics. Help me get started. How about some links to informative sites that make these claims?
    "Political speech and writing are largely the defense of the indefensible. . . . Thus political language has to consist largely of euphemism, question-begging and sheer cloudy vagueness."
    ~Orwell, Politics and the English Language

  5. #465
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Today @ 10:02 AM
    Gender
    Lean
    Independent
    Posts
    23,584

    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Gonzo Rodeo View Post
    Pretend I don't know anything about economics. Help me get started. How about some links to informative sites that make these claims?
    Here's a start:



    Now notice the peaks of the top 10% in 1928, 2001 and 2007? What events correlated to those peaks?

    Also notice that the income of the top 10% is nearly a perfect inverse of the bottom 90%, sort of like a mirror. some people will claim that there is nothing zero sum in economics, but the percentage distribution of anything is indeed zero sum, even if the pool that is being distributed from grows or shrinks.

    The reality is that when wealthier folks acquire a larger percentage of our wealth and income, then less wealthy folks will have a smaller percentage. Wealthy people tend to buy about the same amount of stuff all of the time. Someone like Bill Gates doesn't have to wait to get a raise before he can buy a new car. And wealthy people tend to save a very large percent of their income, sometimes close to 100%. Any time that income is shifted from the non-wealthy to the wealthy, demand realized at the cash register will not be as strong as it otherwise would be, and businesses either contract, fail to expand, or at least don't expand as fast as they could. When businesses aren't expanding, new jobs aren't being created.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  6. #466
    Banned
    Join Date
    Sep 2014
    Last Seen
    04-07-15 @ 09:18 PM
    Lean
    Socialist
    Posts
    1,018

    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by imagep View Post
    Here's a start:



    Now notice the peaks of the top 10% in 1928, 2001 and 2007? What events correlated to those peaks?

    Also notice that the income of the top 10% is nearly a perfect inverse of the bottom 90%, sort of like a mirror. some people will claim that there is nothing zero sum in economics, but the percentage distribution of anything is indeed zero sum, even if the pool that is being distributed from grows or shrinks.

    The reality is that when wealthier folks acquire a larger percentage of our wealth and income, then less wealthy folks will have a smaller percentage. Wealthy people tend to buy about the same amount of stuff all of the time. Someone like Bill Gates doesn't have to wait to get a raise before he can buy a new car. And wealthy people tend to save a very large percent of their income, sometimes close to 100%. Any time that income is shifted from the non-wealthy to the wealthy, demand realized at the cash register will not be as strong as it otherwise would be, and businesses either contract, fail to expand, or at least don't expand as fast as they could. When businesses aren't expanding, new jobs aren't being created.
    Best post on this thread!

  7. #467
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Conservative
    Posts
    26,304

    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by FaceofBachmann View Post
    Uh, you realize that California has the largest economy of any US state - by far?

    Sounds like it worked pretty well to me.

    LOL !!!

    Oh I'm sure it does sound good to you.
    California Has Highest Rate Of Poverty In The Nation, According To U.S. Census Bureau

    U.S. poverty higher, California highest, when housing costs added - Los Angeles Times
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

  8. #468
    Banned
    Join Date
    Sep 2014
    Last Seen
    04-07-15 @ 09:18 PM
    Lean
    Socialist
    Posts
    1,018

    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Yeah, Schwarzenegger screwed everything up, another totally inept GOP politician/ But now that the GOP will never be elected to state office again, California is growing high income jobs again at the fast rate in the country

  9. #469
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Conservative
    Posts
    26,304

    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by FaceofBachmann View Post
    Yeah, Schwarzenegger screwed everything up, another totally inept GOP politician/ But now that the GOP will never be elected to state office again, California is growing high income jobs again at the fast rate in the country
    LOL !!

    Your'e just wrong. Every stinking post of yours is BS.

    Jerry Brown Stands Atop California's Collapsing House Of Cards - Forbes

    Sure they're " growing high income jobs "....
    Why Are Companies Leaving California?


    Texas boasts fastest growing Fortune 500 companies in America - CultureMap Dallas

    " According to Fortune magazine, Texas is home to the fastest growing Fortune 500 companies in America. The 2014 annual revenue rankings also noted that Texas is the only state that lays claim to three of the top 10 Fortune 500 companies.

    "Our commitment to keeping taxes low, regulations reasonable, courts fair and schools accountable has helped produce an economic climate where businesses of any size can grow and thrive," Texas Gov. Rick Perry said in a statement. "This is more evidence that the Texas way of doing business helps create jobs and opportunity for families."

    Toxic State Syndrome: As California Declines, Texas Rises - The Daily Beast
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

  10. #470
    Banned
    Join Date
    Sep 2014
    Last Seen
    04-07-15 @ 09:18 PM
    Lean
    Socialist
    Posts
    1,018

    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Fenton View Post
    LOL !!

    Your'e just wrong. Every stinking post of yours is BS.

    Jerry Brown Stands Atop California's Collapsing House Of Cards - Forbes

    Sure they're " growing high income jobs "....
    Why Are Companies Leaving California?


    Texas boasts fastest growing Fortune 500 companies in America - CultureMap Dallas

    " According to Fortune magazine, Texas is home to the fastest growing Fortune 500 companies in America. The 2014 annual revenue rankings also noted that Texas is the only state that lays claim to three of the top 10 Fortune 500 companies.

    "Our commitment to keeping taxes low, regulations reasonable, courts fair and schools accountable has helped produce an economic climate where businesses of any size can grow and thrive," Texas Gov. Rick Perry said in a statement. "This is more evidence that the Texas way of doing business helps create jobs and opportunity for families."

    Toxic State Syndrome: As California Declines, Texas Rises - The Daily Beast
    I love the California is Collapsing talking point. The rightwingers keep insisting on it, just like they do hyperinflation and gold prices rising. And of course predictably they are delusional. California is now rolling in dough. It took a while to get over Schwartenegger's ineptitude, but now that there are no Republicans holding any statewide office, the economy is thriving.

    What's wonderfully funny is that you cited a bunch of old articles doing just that -- predicting collapse a year, two years, three years ago. And here is California, with a balanced budget and the biggest economy of any state.

    It must hurt to be so wrong so often about so many things.

Page 47 of 57 FirstFirst ... 374546474849 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •