• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!
  • Welcome to our archives. No new posts are allowed here.

Glenn Beck Totally Loses It: Buy Farmland & Guns

johnny_rebson said:
We have a jobs problem. Tax breaks for the wealthiest Americans will solve that.
Click to expand...

And that's because billionaires are just waiting for that next tax break before investing, right?
 
Amigo said:
You don't watch Beck, so why do you have such an elaborate opinion of him?
Click to expand...

The iconography of Beck gets around.

So is Beck a real rootin' tootin' conservative? You've said Rove isn't. We need to know to evaluate the merits of this weird and freakish ideology.
 
johnny_rebson said:
Most definately.

We have a deficit problem. Enacting a national sales tax will solve that.

We have a jobs problem. Tax breaks for the wealthiest Americans will solve that.
Click to expand...


I don't know how a sales tax would be good. The best why to take down the deficit will be to cut all the useless programs and departments we have.
 
head of joaquin said:
The iconography of Beck gets around.

So is Beck a real rootin' tootin' conservative? You've said Rove isn't. We need to know to evaluate the merits of this weird and freakish ideology.
Click to expand...

Yes he is, and more so of a libertarian as well. It is the ideology that will take us out of the mess we are in.
 
head of joaquin said:
And that's because billionaires are just waiting for that next tax break before investing, right?
Click to expand...

Sort of. It's because people engage in risk in order to get return. When you lower the return, you lower the risk-taking people are willing to undertake.
 
cpwill said:
Sort of. It's because people engage in risk in order to get return. When you lower the return, you lower the risk-taking people are willing to undertake.
Click to expand...

Pssst: every study of investing at the top bracket says otherwise. Sorry you're making stuff up. People who are decamillionaires don't need incentives to risk capital. Indeed, they risk too much capital in things like hedgefunds, causing bubbles. This misallocation results in bubbles and recessions, the Bush Meltdown being a classic case.

All this is well studied, except among market evangelists and tax fundies.
 
head of joaquin said:
Pssst: every study of investing at the top bracket says otherwise. Sorry you're making stuff up. People who are decamillionaires don't need incentives to risk capital. Indeed, they risk too much capital in things like hedgefunds, causing bubbles. This misallocation results in bubbles and recessions, the Bush Meltdown being a classic case.

All this is well studied, except among market evangelists and tax fundies.
Click to expand...


Such absolute statements are just silly.
 
head of joaquin said:
Pssst: every study of investing at the top bracket says otherwise. Sorry you're making stuff up. People who are decamillionaires don't need incentives to risk capital. Indeed, they risk too much capital in things like hedgefunds, causing bubbles. This misallocation results in bubbles and recessions, the Bush Meltdown being a classic case.

All this is well studied, except among market evangelists and tax fundies.
Click to expand...

I don't even know where to begin on how incredibly obtuse this is.

1. Yes, people risk for return. That's why a multimillionaire puts money into start-up capital, it's why people pay ever-increasing sums for college. It's also why the multimillionaire will pull his money and put it somewhere else if the return seems unlikely to materialize (or be otherwise not worth the risk). It's why smart people (who are better able to judge risk) don't play the lottery. Multimillionaires don't get or remain that way because they fail to judge risk well, but rather the opposite.

2. Bubbles are caused by expansions of debt-driven investment, which in turn is typically caused by manipulation of the price of capital, poor regulatory measures that do not limit debt, and plain ole human herd mentality; not the existence of highly productive people. It wasn't just rich people who drove the mortgage bubble, it was everybody.
 
TheDemSocialist said:
Watch video @: [/FONT][/COLOR]http://www.youtube.com/watch?v=fUfkEMk7UiI&feature=g-all-u

So Glenn Beck has seemed to gone of his rocker again when talking about Obama. Complains that Obama is "dividing America" while at the same time telling people from the East Coast to "get out of there.. and surround yourself with like minded individuals". Also everyone needs to buy guns and farmland. Why? Who knows? Supposedly because "Obama will regulate everything".

What a nut case.
Click to expand...
Would you like to redress your OP in light of President Obama's executive orders?
 
You must log in or register to reply here.
Back
Top Bottom