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01-02-2020 , 01:47 PM
Taxing poor people is probably the dumbest thing I have ever heard. And I am as pro capitalist as they come.

Throwing a 30% tax bracket at the worker from mcdonalds is not going to go well at all. Politically speaking thats probably how you get them to riot and burn everything down.
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01-02-2020 , 01:49 PM
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Originally Posted by Slighted
just because you keep saying trickle down is a real thing, doesn't make it a real thing. you can say it another 15 times over the next five years..
and not understanding a concept and being able to accept that it works doesn't make it not real
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01-02-2020 , 02:16 PM
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Originally Posted by well named
I think tame meant that the poor put a larger percentage of their income into consumption. But it's a reasonable point that investment is important economically.
Everyone who makes tame's point just means consumption, but the problem with their argument (that they don't realize) is that their argument makes no sense because they only consider consumption.

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Originally Posted by tame_deuces
There is probably a reason you have to repeat yourself.

The main one is that your point is utterly irrelevant, as there is no conflict between the economic importance of the middle-class and that low earners accumulate less.

Economics is better when it is not wielded like a club.
I shouldn't have to repeat myself. It is a fairly easy concept to grasp: You are saying one group is better off having more money if you intentionally ignore the positive effects on the economy of saving and investing while acknowledging that the rich save and invest more.


Example to illustrate my point in simpler terms.
3+1=x
2+2=y

Your argument is that x>y because we should ignore the second number in the equation and only count the 1st number while I am arguing that x=y because we need to count the first and second number.

Last edited by bahbahmickey; 01-02-2020 at 02:25 PM.
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01-02-2020 , 05:22 PM
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Originally Posted by Tien
Taxing poor people is probably the dumbest thing I have ever heard. And I am as pro capitalist as they come.

Throwing a 30% tax bracket at the worker from mcdonalds is not going to go well at all. Politically speaking thats probably how you get them to riot and burn everything down.
yes.
alla french REVOLUTION, alla every other ****ing empire that tried taxing poor a **** ton

ofc they deserve to be taxed but we need to be fair.


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Single filers (2018)[24]
Under previous law Under TCJA
Rate Income bracket Rate Income bracket
10% $0–$9,525 10% $0–$9,525
15% $9,525–$38,700 12% $9,525–$38,700
25% $38,700–$93,700 22% $38,700–$82,500
28% $93,700–$195,450 24% $82,500–$157,500
33% $195,450–$424,950 32% $157,500–$200,000
35% $424,950–$426,700 35% $200,000–$500,000
39.6% $426,700 and up 37% $500,000 and up
Married filing jointly (2018)[24]
Under previous law Under TCJA
Rate Income bracket Rate Income bracket
10% $0–$19,050 10% $0–$19,050
15% $19,050–$77,400 12% $19,050–$77,400
25% $77,400–$156,150 22% $77,400–$165,000
28% $156,150–$237,950 24% $165,000–$315,000
33% $237,950–$424,950 32% $315,000–$400,000
35% $424,950–$480,050 35% $400,000–$600,000
39.6% $480,050 and up 37% $600,000 and up
those are tax cuts and jobs act of 2017 numbers
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01-02-2020 , 05:23 PM
he literally gave people under 40k a avg 3% tax cut.

I didnt see it. im not sure if those numbers are true, but its a fair start.
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01-02-2020 , 05:37 PM
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Originally Posted by bahbahmickey
I have squashed this theory probably 15 times on 2+2 in the last 5 years, but it deserves repeating because you, like those before you who made the argument, forget that 99.99999999% of money given/earned by a poor, middle class and rich person is "put back into the economy". The rich and middle class tend to invest/save it more often than the poor, but they are still putting it back into the economy. The money the rich or middle class invest or save tends to allows banks to give out loans to other people, allows businesses to hire more people and develop products or services that will make most of our lives better in the future.

To blanket say the economies are better off with more money in the hands of the poor flies in the face of the economic fact that in general having more money in the hands of some of the most productive people in our society is better than in the hands of less productive people.
The far prog left just cant grasp this. they just cant understand the scope of economy and some fine parts of it.

however, we cant tax the poor more. but we also can tax the top .5% more as wel. without it damaging our ecosystem.
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01-02-2020 , 05:44 PM
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Originally Posted by the pleasure
The far prog left just cant grasp this.
jlawok.gif
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01-02-2020 , 06:02 PM
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Originally Posted by snowman
and not understanding a concept and being able to accept that it works doesn't make it not real
it has never been shown to work.
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01-03-2020 , 04:55 AM
Quote:
Originally Posted by bahbahmickey
Everyone who makes tame's point just means consumption, but the problem with their argument (that they don't realize) is that their argument makes no sense because they only consider consumption.

I shouldn't have to repeat myself. It is a fairly easy concept to grasp: You are saying one group is better off having more money if you intentionally ignore the positive effects on the economy of saving and investing while acknowledging that the rich save and invest more.

Example to illustrate my point in simpler terms.
3+1=x
2+2=y

Your argument is that x>y because we should ignore the second number in the equation and only count the 1st number while I am arguing that x=y because we need to count the first and second number.
Again, stop bringing up irrelevant points. The argument you are defending is that low earners should be taxed more, implied in this that it should be substantially more since it should somehow work as a motivator.

To point out that this is stupid macro-economically does not say anything about the middle-class or the wealthy. You just need to pretend this is the case, because you got air to go on. It's spin.

It's the rhetorical equivalent of
A. "Oranges are healthy".
B. "Stop supporting Israel, you moron"

Instead, explain to this forum how many poor would be lifted out of the low earner bracket by raising their taxes and how you arrived at those projections, or at the very least what kind of economic theory you are relying on to make the argument.
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01-03-2020 , 05:14 AM
I think you are confusing me with another poster. Someone else yesterday (or the day before) said we should tax the poor more to encourage them to work more. I strongly disagree with the idea that we should tax the poor more (I already said this in post 85).

So now that we cleared that up let’s get back to our conversation (below is your post that started this conversation): the general idea that an economy is better off with more money in the hands of less productive people than the rich because the poor spend a higher % of their income is wrong because you are ignoring half of the equation.

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Originally Posted by tame_deuces
High taxes on low earners serve little purpose. What low earners make in money is pretty much all put back into the economy, they don't accumulate much. Money that circulate can be taxed over and over..

Last edited by bahbahmickey; 01-03-2020 at 05:21 AM.
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01-03-2020 , 05:21 AM
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Originally Posted by bahbahmickey
I think you are confusing me with another poster. Someone else yesterday (or the day before) said we should tax the poor more to encourage them to work more. I strongly disagree with the idea that we should tax the poor more (I already said this in post 85).

So now that we cleared that up let’s get back to our conversation (below is your post that started this conversation): the general idea that an economy is somehow better off with more money in the hands of less productive people than the rich is wrong.
Nah, let's not return to anything. Instead, you should learn to follow a conversation or actually read a post before you object.

I have no interest in defending whatever imaginary things I'm saying in your head.
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01-03-2020 , 05:25 AM
I am the one following the conversation.

Someone else said we should tax the poor more to encourage them to work more.
Both you and I (my post is #85) disagreed with the statement.
Then you said more money in the hands of the poor is better for the economy because they spend more of it.
I responded by saying you ignored half the equation (investing and saving is also putting money in the economy).
Then you accused me of saying we should tax the poor more to encourage them to work more.
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01-03-2020 , 05:30 AM
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Originally Posted by bahbahmickey
[...] Then you said more money in the hands of the poor is better for the economy because they spend more of it. [...]
Nope, I said:

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Originally Posted by tame_deuces
High taxes on low earners serve little purpose. What low earners make in money is pretty much all put back into the economy, they don't accumulate much. Money that circulate can be taxed over and over.

By eradicating what little accumulation low earners have, you're also greatly weakening an economy's ability to withstand recession.
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01-03-2020 , 05:52 AM
How is what I said you posted different than your second and third sentence?
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01-03-2020 , 05:53 AM
I don't think anyone is arguing high taxes on low income earners is good for the economy. The argument being raised is who out of high income, middle income and low income earners should get the bigger tax cut if that was needed to stimulate the economy or there was excess surplus in the budget to give back to taxpayers in a strong performing economy. The better argument for the economy I think is for those tax cuts to be greater for the higher income you earn as inevitably you will try to earn more to save or be able to invest that money somewhere rather than if you cut the low income tax bracket more which widens the gap to the next tax bracket and makes it harder to give that incentive for low income earners to get more ahead in life.
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01-03-2020 , 06:00 AM
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Originally Posted by bahbahmickey
How is what I said you posted different than your second and third sentence?
It is a post objecting to higher taxes for the poor being good for the economy.

Not whatever imaginary tangled web of socio-economic commentary on the state of the middle-class, the wealthy and the importance of poor people you have construed in your head.

Get it?

I have now spent a bunch of posts untangling your imagination, and it is extremely boring. Move on.
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01-03-2020 , 06:11 AM
I think you are right that it is best if we move on from this. I am glad that we agree that taxing the poor more is stupid - you just come to that conclusion using bad logic
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01-03-2020 , 02:21 PM
More on measuring wealth inequality

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So, the question is how do we measure the "wealth" that is not liquid securities with clear market values, like the profits of privately owned businesses? And, given that there is not US data on wealth (yet, thank goodness), even the part that is a security is hard to measure.

Enter "capitalization." The main idea in Saez and Zucman, reexamined by Smith et al., is that we measure "wealth" by measuring income, and then translating that income to wealth by assuming it will last forever and discounting it at some rate. In equations Wealth = Income / discount rate....

You may have wondered, if we're just going to mulitply income by a number and call it wealth, why are we bothering to measure the wealth distribution at all? Let's just use the income distribution!
That criticism makes sense to me. It obviously doesn't change the larger point that you can see rising inequality in income distribution data as well, but it's a good point about methods, I think.
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01-03-2020 , 03:38 PM
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Originally Posted by chezlaw
I come from a place where intelligent people don't actively oppose being reasonable and most of the time we see common ground as a good thing even if we're facing different ways. We don't attack each other for it or confuse it with defending them or agreeing with them. Well we do sometimes because we're not perfect and we really enjoy a good scrap but we still in the end value reason. The revelation (not from this year) has been the strange phenomena of the group who do oppose being reasonable.

Not sure I learned much in 2019. Sadly I was pretty much exactly expecting the disaster that we got. My prediction for 2020 in the uk fwiw is that the **** will proceed slowly towards the fan.
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Originally Posted by Slighted
Find me some intelligence on the “conservative side” in us politics before we start talking about being reasonable.
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Originally Posted by juan valdez
Yes

It's also been noted that people will guzzle one sides talking points unquestioned and adopt the position 100%. Once they have made up their mind there is no turning back. Their ego is attached to those misconceptions, therefore they cannot be wrong.


On one hand the market is at record highs, low unemployment, etc. On the other hand the market is being propped up by an incredibly stimulating agenda by the fed. Debt is rocketing higher. Although the conditions have improved for all social classes, the inequality has been exaggerated by the way growth has occurred. Although inequality is totally fine and to be expected in any fair system, when it gets out of control its destabilizing and definitely not a good thing. Bezos and Bill gates aren't the problem either. Demonizing the super rich is stupid. The SJW's squealing about equity or playing identity games and looking for micro inequality are also counterproductive morons. That doesn't mean that excessive inequality isn't a problem though. It is

The people shaking their fist at the sky and criticizing capitalism completely ignore the rate of global poverty decline. Its astonishing and it has surpassed the optimists forecast. In contrast the majority of the largest famines in the last century have been caused by socialism. That also gets ignored. I've said it before, and nobody seems to believe me, but its about balance. Capitalism is good and socialism is awful. That doesn't mean unregulated capitalism is going to sort all the problems itself and inequality isn't a problem
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Originally Posted by chezlaw
You'll have to find it for yourself.

But your defense of being unreasonable is an example of the thing I was referring to as a revelation. Until relatively recently I don't think I'd ever come across decent intelligent people who thought it was good to be unreasonable.
Thanks, chezlaw, along with well named, for giving me hope that there are still reasonable liberals out there.

Slighted, juan says lots, tons, of reasonable things. He also says some inflammatory things. Which causes many people on your side to go nuts. He is just being a rhetorician. I personally get annoyed with lots of the inflammatory things said by many on your side, but it doesn't change the reasonable things said.
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01-03-2020 , 04:00 PM
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Originally Posted by pokerodox
Thanks, chezlaw, along with well named, for giving me hope that there are still reasonable liberals out there.



Slighted, juan says lots, tons, of reasonable things. He also says some inflammatory things. Which causes many people on your side to go nuts. He is just being a rhetorician. I personally get annoyed with lots of the inflammatory things said by many on your side, but it doesn't change the reasonable things said.
You know that's not how any of this works. If someone says an unreasonable thing you have to reject everything they've ever said.
And not only that--if anybody associated with you ever says or does anything unreasonable then guess what--everything you have ever said also gets thrown out.
This is the only way to maintain the purity of discourse, unfortunately or fortunately.
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01-03-2020 , 04:36 PM
Yeah, the slighteds of this world see everything in black and white. You are either on the good (left) side or the evil (right) side. There's no inbetween. Kind of makes political debate pointless really.
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01-03-2020 , 04:43 PM
In this rendition of The Emperor Wears New Clothes.... there are clothiers and then everyone else. The way you view things will depend on your self interest and internal bias.
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01-03-2020 , 05:48 PM
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Originally Posted by joe6pack
Yeah, the slighteds of this world see everything in black and white. You are either on the good (left) side or the evil (right) side. There's no inbetween. Kind of makes political debate pointless really.
This guy was literally arguing that people are either Never Trumpers who cannot be trusted, or have an unyielding fealty to Trump.
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01-03-2020 , 05:53 PM
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Originally Posted by pokerodox
Thanks, chezlaw, along with well named, for giving me hope that there are still reasonable liberals out there.

Slighted, juan says lots, tons, of reasonable things. He also says some inflammatory things. Which causes many people on your side to go nuts. He is just being a rhetorician. I personally get annoyed with lots of the inflammatory things said by many on your side, but it doesn't change the reasonable things said.
i like how someone saying a few relatively normal things means you have to let them spew crazy racist conspiracy theories most of the time, in order for you the listener to be considered rational also..
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01-03-2020 , 07:32 PM
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Originally Posted by Tien
Taxing poor people is probably the dumbest thing I have ever heard. And I am as pro capitalist as they come.

Throwing a 30% tax bracket at the worker from mcdonalds is not going to go well at all. Politically speaking thats probably how you get them to riot and burn everything down.
They just did it. At least something similar. The recent tax plan raised taxes on the poor. And they have been killing health care subsidies and other help effectively devastating the paychecks of the lower classes.
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