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Thread: Economy limping back to strength

  1. #211
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    Re: Economy limping back to strength

    I think Golden and Phat make some valid points.
    -crime increases with poverty.
    -poverty is a lack of income.
    -we can't possibly "welfare" people out of poverty. (lest we all become impoverished)
    So handing people money to do with as they please is not the answer.
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    Re: Economy limping back to strength

    Quote Originally Posted by Goldenboy219 View Post
    Question: What is the primary determinant for having an income?
    Employment.
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    Re: Economy limping back to strength

    Capitalism (especially our system) requires a welfare state to achieve a more efficient outcome.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Economy limping back to strength

    Quote Originally Posted by Goldenboy219 View Post
    Capitalism (especially our system) requires a welfare state to achieve a more efficient outcome.
    That's a pretty broad statement.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Economy limping back to strength

    Quote Originally Posted by Goldenboy219 View Post
    Are you familiar with the efficiency wage hypothesis? (hint: this could be a set up, so choose your words carefully).
    Henry Ford 101..Hello! :-)
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    Re: Economy limping back to strength

    Quote Originally Posted by Goldenboy219 View Post
    Capitalism (especially our system) requires a welfare state to achieve a more efficient outcome.
    How so????
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    Re: Economy limping back to strength

    -we can't possibly "welfare" people out of poverty. (lest we all become impoverished)
    This one isn't necessarily true. It just depends on your definition of poverty. There aren't really any people in this country that are in poverty. People in poverty aren't getting the things that they need to live. Are there poor people though? Of course.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Economy limping back to strength

    Quote Originally Posted by Phoenix View Post
    How so????
    It helps reduce unemployment
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Economy limping back to strength

    Quote Originally Posted by phattonez View Post
    That's a pretty broad statement.
    Do you deny it?
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #220
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    Re: Economy limping back to strength

    Quote Originally Posted by phattonez View Post
    I'd dispute that, but anyway, it was meant to show that a definite answer cannot be found.
    By using unrealistic/false axioms? Bad form Tony!
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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