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Real Wealth is Decreasing

Lakryte said:
My point is that Republicans are hypocrites when it comes to the budget.!
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so what? Republicans have tried 30 times to make debt illegal and Democrats have killed each attempt. The second there is enough support it will happen. Do you understand?

Also, a father who smokes and urges is son not to is a hypocrite but a better parent than one won't be a hypocrite. 1+1=2
 
marke said:
I agree that fiscal foolishness is widespread among both democrats and republicans as well as throughout the voting public. That is no reason, however, for anyone to back continuing proposals to spend even more money we don't have to plunge us into deeper debt from which we cannot recover.
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Oh I agree that if we are going to expand social programs they need to be fiscally sustainable. Sorry if that was unclear.

Here are reasonable 10 year cost outlays for popular programs currently being pushed by big government supporters in Washington:

1. Free college: $807 billion.
2. Social security expansion: $188 billion.
3. Single-payer healthcare: $32 trillion.
4. Minimum wage mandates and guaranteed income programs: $6.8 trillion.
5. Infrastructure: $1 trillion.
6. Student loan forgiveness: $1.4 trillion.

These numbers should alarm anyone thinking of supporting these budget-busting social programs for the sheer dangers they pose to the stability of the US economy and the very existence of the US as a nation. Senator Dirksen once said, "A billion here and a billion there and pretty soon you are talking about real money."

https://www.investors.com/politics/editorials/democratic-socialism-free/

Democratic Socialism: Who Knew That 'Free' Could Cost So Much?
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Why doesn't that list include Trump's corporate tax cuts then if you worry about going deeper into debt? Those corporate tax cuts are projected to cost $1 - 1.3 trillion over 10 years (after accounting for any revenue growth effects). That makes them more expensive than most of the policies you fear pose a danger to the "existence of the U.S. as a nation."
 
Lakryte said:
At least Democrats understand higher spending costs money eventually. Republicans prefer to just go into debt and push the can down the road.
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Democrats are socialists, Sanders Warren etc exist to spend other peoples money. Republicans believe in freedom from govt and will cut it way down the second there is enough support to do so.
 
bongsaway said:
I guess that explains your low opinion of them. I suggest a different teacher.
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why not ask some question about economics so you can get up to speed?
 
James972 said:
why not ask some question about economics so you can get up to speed?
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Thanks for the offer but no. I see what the right does when in control, up goes the debt while helping the wealthy get more.
 
bongsaway said:
Thanks for the offer but no. I see what the right does when in control, up goes the debt while helping the wealthy get more.
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and what does left do when in control?
 
Bullseye said:
You know the site offers an easy way to imbed URLs in you posts?
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Do you know what "Sent from my HTC phone" means?

My question to you is why would household wealth increase for a majority of the population without some action on their part? Wealth doesn't fall from the sky or come out of a tap on the bathtub, it has to be earned. Also, mathematically, to be in the top 1% of wealth holders you have to have a lot of wealth-100% of the population can't be in the top 1% of wealth holders. - that's all you chart shows.
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And is our young generation working less than previous ones? No, they're working harder, longer, they're more educated, and they're more productive, yet they're getting lower wages. This generation has earned it, but where's the money?
 
Lakryte said:
Oh I agree that if we are going to expand social programs they need to be fiscally sustainable. Sorry if that was unclear.


Why doesn't that list include Trump's corporate tax cuts then if you worry about going deeper into debt? Those corporate tax cuts are projected to cost $1 - 1.3 trillion over 10 years (after accounting for any revenue growth effects). That makes them more expensive than most of the policies you fear pose a danger to the "existence of the U.S. as a nation."
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You talk as if tax cuts are a wasteful government expense. Do you think all of your money belongs to the government and that the government wastes too much money when it allows you to keep too much of its money?

Americans have not always believed the government owns all their money and that they should be thankful for the amount the government allows them to keep. Rising high taxes may be something democrats love to experience but there are many Americans who do not.
 
marke said:
You talk as if tax cuts are a wasteful government expense. Do you think all of your money belongs to the government and that the government wastes too much money when it allows you to keep too much of its money?

Americans have not always believed the government owns all their money and that they should be thankful for the amount the government allows them to keep. Rising high taxes may be something democrats love to experience but there are many Americans who do not.
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And this is the issue where I separate from most liberals. I want lower taxes, mostly for workers. The only increased taxes that I want are on unearned income, like bondholders and stockholders and especially landholders. These are parasitical practices that don't increase production, but just extract wealth from an economy.
 
marke said:
You talk as if tax cuts are a wasteful government expense. Do you think all of your money belongs to the government and that the government wastes too much money when it allows you to keep too much of its money?

Americans have not always believed the government owns all their money and that they should be thankful for the amount the government allows them to keep. Rising high taxes may be something democrats love to experience but there are many Americans who do not.
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Tax cuts can be wasteful, especially if they are not paid for. But again, Republicans don't actually care about reducing the debt. They are happy to raise it so long as the wealthy reap the benefits.
 
phattonez said:
Do you know what "Sent from my HTC phone" means?
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Means you've got a cheap phone?


phattonez said:
And is our young generation working less than previous ones? No, they're working harder, longer, they're more educated, and they're more productive, yet they're getting lower wages. This generation has earned it, but where's the money?
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Well, the ones that ARE working harder, are more education and more productive ARE acquiring wealth and seeing their wages increase over time as they progress in their careers. Those whose first job becomes their career aren't going to be prosperous.
 
Bullseye said:
Means you've got a cheap phone?


Well, the ones that ARE working harder, are more education and more productive ARE acquiring wealth and seeing their wages increase over time as they progress in their careers. Those whose first job becomes their career aren't going to be prosperous.
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Citation needed.

Sent from my phone. Instaurare omnia in Christo.
 
phattonez said:
Citation needed.

Sent from my phone. Instaurare omnia in Christo.
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Citation? For what, basic knowledge. Who do you thing make up those upper earners? Who earns more a newly graduated electrical engineer or a high school graduate cleaning restrooms. Which has the largest potential to move up the income ladder.
 
Corporations main goal is profits for shareholders. Since most shareholders are rich, they get top treatment. Corporations got the government and the media to tell us how free trade would improve our economy. We went from a net exporter to a net importer overnight and have gotten worse with the years. Now the real kicker is that as our trade deficits went up, meaning our SOL is going down, the government had to run federal budget deficits to counteract the real lose in wealth associated with the trade imbalance.

The government sold us on the IRA theme which was the beginning of the end of Employee sponsored retirement plans.

The government sold us on the ACA theme which will be the beginning of the end of Employee sponsored insurance plans.

All in the benefit of making corporations more profitable.

Please do not expect this trend to change in the future. Is there really anyone who can explain why products that are coming into our country from other countries not have tariffs.

Did NATFA really help the US or Mexico?

When George Bush said the Irag war would cost 300B dollars, why didn't we all stand up and scream BULL ****!!!!

When Obama said the government was going to reduce insurance and make everything great for everyone, and would only cost 900B, it is now projected at over 2T as of 2015.

A society with morality is free, a society without morality is doomed.
 
phattonez said:
And this is the issue where I separate from most liberals. I want lower taxes, mostly for workers. The only increased taxes that I want are on unearned income, like bondholders and stockholders and especially landholders. These are parasitical practices that don't increase production, but just extract wealth from an economy.
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You want people to stop investing in bonds? If there is no real money in investing in bonds how can we encourage investors to invest in bonds? Would America be better off without things like bonds? Would you invest in bonds if you knew 70% to 90& of the money you made in those investments was going to be seized by the IRS?
 
Lakryte said:
Tax cuts can be wasteful, especially if they are not paid for. But again, Republicans don't actually care about reducing the debt. They are happy to raise it so long as the wealthy reap the benefits.
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Typical leftist democrat talking point pap without details. How do democrats pay for tax cuts they have voted for? By raising taxes somewhere else which they hope nobody detects. Why is it they do not see the need to cut the size of government like putting a 900lb behemoth leftist liberal tart on a diet?
 
marke said:
Typical leftist democrat talking point pap without details. How do democrats pay for tax cuts they have voted for? By raising taxes somewhere else which they hope nobody detects. Why is it they do not see the need to cut the size of government like putting a 900lb behemoth leftist liberal tart on a diet?
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Most Democrats advocate cutting the size of government, particularly the defense budget.
 
marke said:
You want people to stop investing in bonds? If there is no real money in investing in bonds how can we encourage investors to invest in bonds? Would America be better off without things like bonds? Would you invest in bonds if you knew 70% to 90& of the money you made in those investments was going to be seized by the IRS?
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Yes, I want people to stop investing in bonds. We only pay off bonds with more bonds anyway. In other words, we always just print the money to pay it off. Instead of printing money to pay interest, we'd be better off paying no interest and printing our own money.
 
phattonez said:
This generation has earned it, but where's the money?
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liberal taxes unions regulations and idiotic trade deals shipped our jobs to China, obviously. And inviting 30 million illegals to bid down our wages didn't help either.
 
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