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The Presidency of Donald J. Trump: No smocking guns. The Presidency of Donald J. Trump: No smocking guns.

05-04-2017 , 11:10 PM
Quote:
Originally Posted by watevs
this is a terrible post
Translation: damn that cut to the quick and I don't know how to hide my defensiveness.

You were the guy that said Roger Stone is a Zen Master. Yeah dog. Ok.
05-04-2017 , 11:12 PM
Quote:
Originally Posted by Clovis8
Is this the largest reverse income redistribution in US history?
No, Obamacare screwed over young people, who statistically are much poorer than the older generation, even after adjusting for inflation. This bill is actually leveling the playing fields between a very wealthy generation and a relatively poor one.
05-04-2017 , 11:19 PM
Quote:
Originally Posted by +rep_lol
no actually the "magical negro" is satirical/tongue in cheek and he's spot on
I don't even know if that's what watevs thinks is terrible but yeah, it's a common trope:

http://tvtropes.org/pmwiki/pmwiki.php/Main/MagicalNegro

https://en.wikipedia.org/wiki/Magical_Negro
05-04-2017 , 11:20 PM
(Fly impression)

Oh look, someone is trying to play smart on the internet.

rtd,

What do you think happens when an uninsured twenty something gets cancer?
05-04-2017 , 11:25 PM
Quote:
Originally Posted by rtd353
No, Obamacare screwed over young people, who statistically are much poorer than the older generation, even after adjusting for inflation. This bill is actually leveling the playing fields between a very wealthy generation and a relatively poor one.
and the 3.8%?
05-04-2017 , 11:29 PM
Quote:
Originally Posted by rtd353
No, Obamacare screwed over young people, who statistically are much poorer than the older generation, even after adjusting for inflation. This bill is actually leveling the playing fields between a very wealthy generation and a relatively poor one.
100% lies
05-04-2017 , 11:36 PM
Quote:
Originally Posted by Oroku$aki
If you want to stretch a single into a double, Jules could also be a misogynist.
Lol.

But yeah, none of that is predicated on Jules et al being racist or even directly having race-based criticism of Obama, and ultimately it's not really even a joke at Jules' expense, more just general commentary about the slew of people coming in the windows talking about Obama promising hope and change but yada yada yada and I'm like, 'O snap homeboy, so Ol' Bagger Vance let you down, huh? Welcome to real life.'
05-04-2017 , 11:43 PM
Quote:
Originally Posted by Shuffle
All I implied was that economic policy has a two way drift and there are undoubtedly times when a government may want to spur investment. I threw that out as a gesture of good will towards Republicans, while otherwise my position was "hey man, inequality has never been worse and we need more progressive tax policies at present time" and he started foaming at the mouth at how Reaganite I sounded.
I believe my initial reply was 'lol look at Shuffle letting the mask slip'.

I mean, I've seen actual rabid animals foaming at the mouth and have never seen one stroke its chinhairs and say 'hmm, very interesting.'

I'm basically doing armchair layperson's forensic linguistic analysis so take that FWIW but LOL I've never heard it put as 'sometimes there's just TOO MUCH DARN EQUALITY' from somebody of your alleged political ilk.

Shuffle, have you ever used, unironically, the phrase 'cut off/down the tall trees'?
05-04-2017 , 11:44 PM
Quote:
Originally Posted by Riverman
(Fly impression)

Oh look, someone is trying to play smart on the internet.

rtd,

What do you think happens when an uninsured twenty something gets cancer?
I am not against the mandate, I think young people should be insured and pay their fair share. I am against the Obamacare 3:1 cap on the ratio of what insurers can charge older people.
05-05-2017 , 12:04 AM
Quote:
Originally Posted by 5ive
Lol.

But yeah, none of that is predicated on Jules et al being racist or even directly having race-based criticism of Obama, and ultimately it's not really even a joke at Jules' expense, more just general commentary about the slew of people coming in the windows talking about Obama promising hope and change but yada yada yada and I'm like, 'O snap homeboy, so Ol' Bagger Vance let you down, huh? Welcome to real life.'
lol
05-05-2017 , 12:17 AM
Quote:
Originally Posted by 5ive
Lol.

But yeah, none of that is predicated on Jules et al being racist or even directly having race-based criticism of Obama, and ultimately it's not really even a joke at Jules' expense, more just general commentary about the slew of people coming in the windows talking about Obama promising hope and change but yada yada yada and I'm like, 'O snap homeboy, so Ol' Bagger Vance let you down, huh? Welcome to real life.'
Fwiw I consider myself "bagger vanced" by Obama as well
05-05-2017 , 12:19 AM
Quote:
Originally Posted by Shuffle
Are you looking at real GDP? There is a definite trend of decreasing real GDP growth over the last 30 years.
Yes, of course real GDP. The claim of the Brookings report I cited which is consistent with Piketty's work is that there is no correlation between personal income tax rates and GDP growth. You imply that GDP growth is lower due to the lower tax rates of the past 30 years.

I don't see where it's lower, but you agree that lower taxes do *not* seem to increase GDP growth. I have only seen hand-waving to back up affirmative claims.
05-05-2017 , 12:29 AM
Quote:
Originally Posted by rtd353
No, Obamacare screwed over young people, who statistically are much poorer than the older generation, even after adjusting for inflation. This bill is actually leveling the playing fields between a very wealthy generation and a relatively poor one.


This is literally the dumbest thing I've ever read
05-05-2017 , 12:35 AM
Quote:
Originally Posted by Shuffle
GDP growth by itself means nothing, particularly when that GDP growth gets gobbled up by fewer and fewer people.

I'm not sure if you're aware or not, but the regional Federal Reserve banks conduct monthly surveys of business conditions. Often, in recent years, the respondents' number one complaint is that they don't have enough qualified applicants to fill job openings. Usually academics read into this that the workforce needs more specialized training, so that the workers can become qualified for those jobs. But I want to offer you an alternative take:

Suppose the job market is not being catered to the workforce. Suppose the business of the nation is directed towards unproductive enterprises. Suppose the (increasingly fewer number of) people who benefit from those unproductive enterprises, enact laws and policies which continue to promote their own self-interests. Suppose more and more people get left behind.

That is what happens when an economy reaches a state of over-investment. The economy becomes unbalanced, inequality grows, and political instability follows.

Do you know what the natural check is on that process? Recession. The bursting of non-productive investment bubbles. When resources stop getting directed towards unproductive enterprises, the nation can finally get back to the business of doing good business.

We don't have that in our neoliberal, non-capitalist economies today. We have over-investment piled on top of over-investment. We have deranged, suicidal economic and monetary policy that continues to benefit the few at the expense of the many.

Now, unlike some apparently, I do think there are times when government policy needs to be more friendly to businesses, and I do think tax policy is not a one-way lever. There are going to be environments where taxes need to be cut, including on top earners and corporations. However, after 30 years of the rich getting richer, now is not that time, and I don't foresee it happening anytime soon.



Are you looking at real GDP? There is a definite trend of decreasing real GDP growth over the last 30 years.

http://www.multpl.com/us-real-gdp-gr.../table/by-year

I want to walk you through some secular cycles.

In the 1920s, the top marginal tax rate decreased from 73% to 25% between 1921-1925 and remained there for the remainder of the decade. The top capital gains rate was dropped from 73% to 12.5% in 1921 overnight. The period that followed is widely acknowledged to have been the most unequal in American history. A massive investment bubble formed, the stock market crashed, the Hoover administration ordered everything be liquidated, the Great Depression and a war followed. You know the story.

In response, the pro-business, Republican establishment was discredited and swept from power. Roosevelt and the Democrats took over, and enacted very different tax policies. The top marginal tax rate was immediately raised to 63% and the top capital gains rate was more than tripled to a peak of 39%. By 1945, cap gains had been cut to 25% but the top marginal tax rate had reached 94%. It stayed above 90% for almost 20 years.

The top tax rate was still 70% as late as 1980. That's almost 50 years(!) where the top tax rate was between 70% and 94%, and many of those years were the most prosperous in American history.

Clearly, decreased taxes on the wealthy caused a massive investment bubble in the 1920s that led to national ruin. Clearly, increased and very high taxes on the wealthy had made the nation productive and successful for a great number of years.

Now, it has to be mentioned that towards the end of that secular trend, particularly in the 1970s, inflation was very high and the economy stagnated. Recession followed recession after recession. In my view, that was the result of the previous five decades of economic and monetary policy, including tax policy. Wealth had been dispersed too broad (high inflation) and workers' pay and benefits crippled business. Cutting taxes, spurring investment, which has the unfortunate side effect of increasing wealth inequality, was probably beneficial for a short time, and the economic data from the 1980s seems to bear that out.

However, when those policies are allowed to continue indefinitely, over-investment and significant wealth inequality will follow. And they have. For 30 years now.

Cutting taxes on the wealthy and businesses now, as the Republicans would like to do, would only exacerbate the problem of over-investment. It will increase wealth inequality. It will continue to fuel unproductive asset bubbles, which left unchecked, will lead to national bankruptcy.

Instead, I think it's quite clear that we reached the end of the pro-business cycle's usefulness about 20-30 years ago. We are certainly there now. The time has come to tax the wealthy and businesses substantially, and make the nation more equal. Naturally, that frightens wealthy people, who don't want to lose their money. But it's really in there interest to negotiate givebacks, before populism takes it from them involuntarily through use of force.
good post
05-05-2017 , 12:53 AM
This interview/podcast with Jonathan Chiat is probably the most perceptive analysis of current politics and the state of the republican party that I've heard or read. http://www.slate.com/articles/podcas..._s_future.html
05-05-2017 , 01:18 AM
Quote:
Originally Posted by rtd353
I am not against the mandate, I think young people should be insured and pay their fair share. I am against the Obamacare 3:1 cap on the ratio of what insurers can charge older people.
I have a question for you.

When I was a baby, I was deathly ill from meningitis. I was given last rites 3x. As a result, I lost my hearing and I have neurological issues from time to time. As I get older, it gets worse.

Because of my hearing loss, it can be hard to find employment even though I have a college degree. (Why hire the Deaf guy when I can hire the hearing guy?)

Despite all this, I still manage to support myself and I get Medicare as health insurance.

Is it my fault that I didn't keep myself healthy as an infant? Was I not leading a good life? Am I mooching off the Government dole by getting Medicare? Have I not paid my fair share despite the fact I worked 40 full quarters and have maxed out on my benefits? Can you even comprehend the questions I'm asking or is this the first time it's even occurred to you?

But according to people like you, Paul Ryan, and Dickhead Trump, I need to take personal responsibilities for my actions.

But hey, congrats. Maybe when you are a millionaire, you'll see that sweet ass tax return. Yay you!
05-05-2017 , 01:19 AM
no transcript?
05-05-2017 , 01:21 AM
most republicans mentality is basically "if no one I know personally is affected negatively then this is great"


funny thing is this affects so many republican's lives and families that it might actually backfire for once
05-05-2017 , 01:26 AM
As I said previously, people were upset that Obamacare was not more subsidized. It was still too expensive. So they voted GOP. LOL.
05-05-2017 , 01:32 AM
Quote:
Originally Posted by Kirbynator
most republicans mentality is basically "if no one I know personally is affected negatively then this is great"


funny thing is this affects so many republican's lives and families that it might actually backfire for once
What really worries me is the GOP knows that because of gerrymandering and voter suppression, it won't matter.

This upcoming vote in Georgia with the 6th district will be a microcosm of the upcoming 2018 elections. If the GOP is able to hang on to that, we are all ****ed, IMO.
05-05-2017 , 01:33 AM
Quote:
Originally Posted by rtd353
I am not against the mandate, I think young people should be insured and pay their fair share. I am against the Obamacare 3:1 cap on the ratio of what insurers can charge older people.
I mean, there's actually room for reasonable people to disagree on this particular point, but if you think the AHCA is the best and most equitable way to rectify this, lol.
05-05-2017 , 01:42 AM
Quote:
Originally Posted by rtd353
I am not against the mandate, I think young people should be insured and pay their fair share. I am against the Obamacare 3:1 cap on the ratio of what insurers can charge older people.
Let me give you another way of looking at this. Let's say the average young person pays around $4,800 a year under the ACA. I'm picking this because I'm 30 and that's roughly what I pay. You're opposed to capping it at about $14,400 per year for older people.

How much do you think the average person can afford at 50-65 years old? You're advocating for them to pay what, 25-30,000 a year? That's impossible for many of them.

But instead of looking at it like me paying for someone who's 60 now, look at it like me at 30 paying for myself at 60... As long as the system continues on the same track. Unfortunately it has to start somewhere, so some generation has to pay for a generation that didn't pay into it. But, that's the way it is.

Yes, millenials have been hit hard with policies like this, what with paying for social security that we likely won't get to collect. But, we also overwhelmingly support the left on these issues, so what's the problem?

Lastly, if you were thinking "Eff the olds, 25-30,000 sounds fine. They should pay what they cost, or they don't get healthcare," let me throw another wrench into your plan (or lack thereof). If they can't afford it (and many of them won't), they'll go to emergency rooms for treatment that is often more expensive, which they can't pay for. It must be provided, though, and the cost is then spread over the system. You can pay for it on the front end, when it's cheaper, or the backend when it's more expensive.

Unless you support a bill that actually has death panels, you've gotta take care of those costs somewhere.
05-05-2017 , 01:55 AM
Quote:
Originally Posted by rtd353
I am not against the mandate, I think young people should be insured and pay their fair share. I am against the Obamacare 3:1 cap on the ratio of what insurers can charge older people.
You are right it should be 1:1. We shouldn't even have insurers. What about wealthy young people and poor old people? Why is age relevant at all? Shouldn't everybody kick in based on what they earn?

It's impossible to predict (ignoring pre existing conditions) who is going to suffer catastrophic illness. We all agree we should be treating everyone so isn't the only sensible thing to do is people contribute a percentage of their income to the government who then makes payments? We could call these collections AXES and we could call the system 'One Entity Purchasing'.
05-05-2017 , 01:58 AM
The percentages don't matter as long as well all agree the rich people keep their 3.8%, other than that, go for it.
05-05-2017 , 02:03 AM

      
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