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08-02-2020 , 05:10 PM
Quote:
Originally Posted by itshotinvegas
Right, less people paid taxes, the higher the rate went and resulted in similar receipts per GDP, within three percentage points. The issue I'm arguing is taxes won't pay for increased spending, it will be paid for with debt. It's myth that you can generate substantial new revenue sources by raising taxes, unless you incorporate massive other taxes, like a VAT.
This post address literally nothing that I said. In fact it's just again doing exactly what I was talking about, i.e. stating as fact things that are far less clear cut than you seem to believe them to be.

To emphasise it again, even something that sounds simple like this is not actually borne out by the evidence:

Quote:
It's undeniable that higher taxes leads to less capital investment.
Research actually finds:

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A review of statistical evidence suggests that both labor supply and savings and investment are relatively insensitive to tax rates.
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08-02-2020 , 05:21 PM
Quote:
Originally Posted by itshotinvegas
Ah, so we have to pay for enforcement of this boondoggle with more red tape that destroys wealth, which benefits no one. Not to mention the incentive to cheat is the same across the spectrum (bullshit).
If there's a short-list for items under the heading "American Way" cheating on taxes is definitely on it
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08-02-2020 , 05:27 PM
Conservatives: LAW AND ORDER
Also conservatives: no no not tax laws
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08-02-2020 , 05:30 PM
Quote:
Originally Posted by itshotinvegas
It's undeniable that higher taxes leads to less capital investment. Less capital investment means less new jobs. High immigration with less new jobs is a recipe for disaster. Only in an idealist mind does that equal the recipe for growth.

The Federal Government is the nation's largest employer.

You don't seem to understand that we have a mixed economy, we don't depend only on the private sector for jobs.

You also don't seem to understand that the government can spend less money on things like the defense budget and put that money to better use. Entitlements actually stimulate the US economy more than bombs dropped on brown people. No matter how much you dislike the browns.

Also, why don't you ever rail against the trade deficit. That's a huge drag on our economy. It's as if you only whine about what someone else told you to whine about. meh.
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08-02-2020 , 05:31 PM
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Originally Posted by goofyballer
Conservatives: LAW AND ORDER
Also conservatives: no no not tax laws

I'm pretty sure it's hot said above that our standard of living is too high here in the US.

At least he's working to further his ideals.
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08-02-2020 , 05:31 PM
Quote:
Originally Posted by Willd
This post address literally nothing that I said. In fact it's just again doing exactly what I was talking about, i.e. stating as fact things that are far less clear cut than you seem to believe them to be.

To emphasise it again, even something that sounds simple like this is not actually borne out by the evidence:



Research actually finds:
Why? (it's becasue cash is taken out of the market) I don't have time to explain further, but you are actually missing the point....you also have to explain the unemployment figure prior to COVID.
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08-02-2020 , 05:34 PM
Quote:
Originally Posted by RFlushDiamonds
I'm pretty sure it's hot said above that our standard of living is too high here in the US.

At least he's working to further his ideals.
Our standard of living is fueled by debt is what I said, and the left is upset that some our wealth is going offshore to poor people in El Salvador, et al.

Last edited by itshotinvegas; 08-02-2020 at 05:40 PM.
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08-02-2020 , 05:44 PM
Quote:
Originally Posted by Willd
This post address literally nothing that I said. In fact it's just again doing exactly what I was talking about, i.e. stating as fact things that are far less clear cut than you seem to believe them to be.

To emphasise it again, even something that sounds simple like this is not actually borne out by the evidence:



Research actually finds:

U.S. companies repatriate over half a trillion dollars in 2018, but pace slows.
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08-02-2020 , 05:49 PM
Quote:
Originally Posted by itshotinvegas
Our standard of living is fueled by debt is what I said, and the left is upset that some our wealth is going offshore to poor people in El Salvador, et al.

You're upset because some poor illegal may get health care.

I'm not sure you should be throwing pebbles at lefties.
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08-02-2020 , 06:16 PM
Quote:
Originally Posted by itshotinvegas
Why? (it's becasue cash is taken out of the market) I don't have time to explain further, but you are actually missing the point....you also have to explain the unemployment figure prior to COVID.
I appreciate if you don't have time to expand but every reply has followed the exact same pattern of making simplistic assertions about things that are way more complicated and not at all clear-cut.

The bit about the unemployment is almost a complete non sequitur and I have no idea how that applies to anything I've said beyond that they are both related to the economy. The relationship between employment levels and tax rates are an order of magnitude more complex than everything else that you're already making oversimplified assertions about.

Last edited by Willd; 08-02-2020 at 06:25 PM.
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08-02-2020 , 06:20 PM
Is there enough housing including community housing in the US to support the kind of increases in immigration the proponents are looking for?
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08-02-2020 , 06:46 PM
Housing isn't some fixed thing.
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08-02-2020 , 07:08 PM
Quote:
Originally Posted by RFlushDiamonds
You're upset because some poor illegal may get health care.

I'm not sure you should be throwing pebbles at lefties.
Yeah, I'm an evil racist/xenophobe.


When you want to be a big boy, come back and amend your post.
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08-02-2020 , 07:14 PM
Quote:
Originally Posted by itshotinvegas
Our standard of living is fueled by debt is what I said, and the left is upset that some our wealth is going offshore to poor people in El Salvador, et al.
Thinks back on my entire life--Ya, it's pretty much been ~100% of people complaining about foreign aid are conservative Especially not w/o strings of various types attached. Are we in the twilight zone? I think that desert heat might be getting to you Wouldn't be the first lol
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08-02-2020 , 08:15 PM
Quote:
Originally Posted by wet work
Thinks back on my entire life--Ya, it's pretty much been ~100% of people complaining about foreign aid are conservative Especially not w/o strings of various types attached. Are we in the twilight zone? I think that desert heat might be getting to you Wouldn't be the first lol
Outsourcing, manufacturing...
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08-02-2020 , 08:23 PM
Quote:
Originally Posted by itshotinvegas
Our standard of living is fueled by debt is what I said, and the left is upset that some our wealth is going offshore to poor people in El Salvador, et al.
Easy fix. Write into law unionization, wage compression, etc that would have X + 10% welfare increase to the poor and middle class and then cut government spending by X (preferably starting with programs that benifit the wealthy). The deficit would go down and the standard of living for the poor and middle class would go up. You must support that right?
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08-02-2020 , 08:27 PM
Quote:
Originally Posted by Huehuecoyotl
Easy fix. Write into law unionization, wage compression, etc that would have X + 10% welfare increase to the poor and middle class and then cut government spending by X (preferably starting with programs that benifit the wealthy). The deficit would go down and the standard of living for the poor and middle class would go up. You must support that right?
Can't do that. Rich people would have less money. Economics.
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08-02-2020 , 09:27 PM
Quote:
Originally Posted by itshotinvegas
Outsourcing, manufacturing...
Capital didn't go looking for cheap labor and less regs out of the goodness of its heart or a desire to share the wealth lol. It went for the exact opposite reason In its own self-interest.
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08-02-2020 , 10:24 PM
Quote:
Originally Posted by tame_deuces
It is not that much of a strain, really.

But yes, even with far higher tax rates the lifetime costs of immigration is reported by our official statistics bureau as a net loss for state if you count it over lifetime, as contrasted to a net gain in the short term. This is regardless of primary group, but especially noticeable for immigration from cultures usually relying on one primary income for families (the Nordic model very much being based on two working incomes per family) or with otherwise low workforce participation.
Interesting that it is still a net gain short term with only 1 earner. I assume you mean that while they are able bodied and paying taxes it is a gain, but after they retire it ends up a loss? As opposed to long term = 2nd, 3rd generations, etc.

Quote:
Originally Posted by tame_deuces
The business sector is in typically warm to work immigration, which makes sense; more workers means possibility if higher output. But what is good for business does not necessarily translate to enough added income for the state to cover inclusion in government programs / pension plans over a life-time.
Makes sense when entitlements are super high. However I wonder if this calculation factors in the possible economic downturns due to negative population growth.

Quote:
Originally Posted by tame_deuces
As for my personal views (I was asked to offer it via PM!)?
Gee, I wonder who that was
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08-03-2020 , 07:42 AM
Quote:
Originally Posted by itshotinvegas
Yeah, I'm an evil racist/xenophobe.


When you want to be a big boy, come back and amend your post.
"The idea that you can have these pie in the sky welfare programs (UBI, UHC), and the immigration the US has, is not supported by economics."

Is Canada bound by your mystical 'economics' ?

Your whole premise implies that immigrants aren't productive enough to pay for basic entitlements. The fact that the right deficit spends on things like the military and corporate tax cuts for the express purpose of cutting entitlements is lost on you. You seem to actually believe that anything the right does is bound my immutable 'economic' laws. And when I point out some of the basic holes in your thinking you ignore me.

So yeah. Big boy.
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08-03-2020 , 08:07 AM
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Originally Posted by EADGBE
Not sure how much demand there is for a thread on this topic, but I guess we shall see. Sort of inspired by the recent DACA happenings.

I remember reading a post in the old forum which kind of opened my eyes on this topic. Unfortunately I forgot who the poster was, but he made a point that he believed ideally the U.S. should let ~50M more immigrants in. The post shocked me at first, but as I dove into the subject I found that the position was not as crazy as it first appeared.

As the U.S. birth rate is now below replacement level, a steady stream of immigrants is probably needed for continued economic growth. I think Japan is the cautionary tale in this regard, and they have begun an about face on their immigration stances recently.

I am very interested in reading well thought out, rational, anti-immigration stances. I am actually somewhat sympathetic to the idea that we should be vetting immigrants for desirable skills/occupations. I am not so much interested in reading xenophobic garbage.



P.S. thread title sucks. Someone think of a better one please.
I love immigration, as "half" a second generation immigrant in to the UK (mums side was South African), and ended up doing a Masters on it. Was super interesting, and what I found most eye opening was:

- Free movement of capital, and free movement of labour are both fully supported by Hayekian liberatarian economists that conservatives love. They're just happy to throw away the free movement of labour readily when political expediency allows it, as the richer modern nations we refer to much more rely on free movement of capital than labour.

- Old school lefties were anti immigration and anti free movement of capital, at least in the UK. Our Labour parties in the 60's/70's were super against the EU as it was founded on just this. The fact that they are now the poster boys for more open borders is again, a demonstration of how labour is less important than capital in our economic system. As a lefty, I less cynically put this down to the increasingly globalist tendencies of the left who value social justice more than economic justice to greater degrees than we did post war.

From the research I did in my masters, all pointers demonstrate that from a macro-economic power perspective immigration= long term good for the economy. But, from a mirco-economic and short term perspective, it has problems e.g. affording welfare. As with most economic policy....if its good from a macro-economic perspective you should implement it (more open borders) and then use other policies to control for the micro economic effects!

Immigrants also bring so much culturally, from a social perspective it seems a great idea to me too.
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08-03-2020 , 08:12 AM
Quote:
Originally Posted by wet work
Capital didn't go looking for cheap labor and less regs out of the goodness of its heart or a desire to share the wealth lol. It went for the exact opposite reason In its own self-interest.
The lol is on us stupid taxpayers who elected leaders that literally sold off the countries wealth.

Now you have bots like IHIV yelling buzz words like 'post industrial economy' as if that's a natural outcome.

The US has been running a trade deficit for decades. The US intentionally allowed US based companies to outsource jobs. The transfer of wealth was incredible.

The pitch is that we now have middle class societies in India and China.
As if India and China wouldn't have grown their own middle class anyway.

What a **** show.

Politicians were literally paid to loot the country and conservatives cheer them on.
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08-03-2020 , 02:37 PM
Quote:
Originally Posted by Doctor Zeus
I love immigration, as "half" a second generation immigrant in to the UK (mums side was South African), and ended up doing a Masters on it. Was super interesting, and what I found most eye opening was:

- Free movement of capital, and free movement of labour are both fully supported by Hayekian liberatarian economists that conservatives love. They're just happy to throw away the free movement of labour readily when political expediency allows it, as the richer modern nations we refer to much more rely on free movement of capital than labour.

- Old school lefties were anti immigration and anti free movement of capital, at least in the UK. Our Labour parties in the 60's/70's were super against the EU as it was founded on just this. The fact that they are now the poster boys for more open borders is again, a demonstration of how labour is less important than capital in our economic system. As a lefty, I less cynically put this down to the increasingly globalist tendencies of the left who value social justice more than economic justice to greater degrees than we did post war.

From the research I did in my masters, all pointers demonstrate that from a macro-economic power perspective immigration= long term good for the economy. But, from a mirco-economic and short term perspective, it has problems e.g. affording welfare. As with most economic policy....if its good from a macro-economic perspective you should implement it (more open borders) and then use other policies to control for the micro economic effects!

Immigrants also bring so much culturally, from a social perspective it seems a great idea to me too.
Thanks for the non-U.S.take, I enjoy reading them as I know next to nothing regarding the immigration histories of other nations. I wonder though at what point, as a super urbanized nation, overcrowding starts coming into play. I would assume if you had stayed in the EU, you would just reach equilibrium at some point.

As to long-term effects on the U.S., I think the 1965 Hart-Cellar act definitely saved our butts. We had been hovering at a 10~15% immigrant share of the population for forever and just as demand from Europe began to die out, we (inadvertently) opened up to immigrants from other nations. (I might be a little biased on this as I would not have been born if not for it )
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08-03-2020 , 03:00 PM
Quote:
Originally Posted by EADGBE
I wonder though at what point, as a super urbanized nation, overcrowding starts coming into play.
I think a pretty good case could be made we're already there/past the point in all reality. Our infrastructure etc seems pretty ill-suited to the volumes of people using it anyway. We've kinda painted ourselves into a corner on several fronts imo. And development in outlying areas is often so slapdash/rushed it often looks like any kinda planning went right out the window.

I've heard more than a few (probably mostly Southern if I really think about it)Rs say we should reverse the '65bill(and toss everybody out lol--even a couple that moved here after it if you can figure that one out lol). Not really sure what the best course is really.
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08-03-2020 , 05:29 PM
Quote:
Originally Posted by RFlushDiamonds
The lol is on us stupid taxpayers who elected leaders that literally sold off the countries wealth.

Now you have bots like IHIV yelling buzz words like 'post industrial economy' as if that's a natural outcome.

The US has been running a trade deficit for decades. The US intentionally allowed US based companies to outsource jobs. The transfer of wealth was incredible.

The pitch is that we now have middle class societies in India and China.
As if India and China wouldn't have grown their own middle class anyway.

What a **** show.

Politicians were literally paid to loot the country and conservatives cheer them on.
It's a bit of both. Conservatives (and neoliberals) who take the capital point of view would think that outsourcing is fine, and from a systematic point of view it is fine. Should X widget be manufactured at a higher price or a lower price? Lower would be better all things being equal.

That combined with a very libertarian-esq approach that the economy and the workers who lose their job in manufacturing will automatically reconfigure themselves into the most optimal way. In other words, when they lose their job they'll learn to code without much pain, or if there is pain, it's good, because people will recognize the pain and reconfigure themselves to quickly get away from it.

From that view point, sharing the gains or taking into account the people who lose their job doesn't make much sense. If you're going to hand people money for losing their job or because of some nebulous loss, you're only prolonging the time when they need to change to something more optimal.

The end result is a hollowing out of the middle. The capitalists rake in the benefits of lower labor costs, the global poor benefit from increased jobs, consumers generally benefit from lower prices, but those whose jobs got outsourced take a large hit, but they don't automatically learn to code. You get deaths of despair, rust belt, etc.

Last edited by Huehuecoyotl; 08-03-2020 at 05:42 PM.
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