Corporate Tax Breaks

[Bettie]

I believe that the so-called "Stimulus Bill" that the Republican controlled House of Representatives passed is a new low in the category of unmitigated, vulgar,
un-American greed, on the part of the wealthy entities that the Republicans represent in our Congress. This
atrocity is also taking advantage of the cruel tragedy that so many thousands of Americans have suffered in NYC
and WDC. This is one of the worst cases of filthy greed on the part of Corporate America that I have ever seen.
It just proves once again whom the Republicans represent in our Congress. They have always been owned and operated by the rich and powerful elements of our society.

[Wannabe2000]

Originally posted by Bettie:
I believe that the so-called "Stimulus Bill" that the Republican controlled House of Representatives passed is a new low in the category of unmitigated, vulgar,
un-American greed, on the part of the wealthy entities that the Republicans represent in our Congress. This
atrocity is also taking advantage of the cruel tragedy that so many thousands of Americans have suffered in NYC
and WDC. This is one of the worst cases of filthy greed on the part of Corporate America that I have ever seen.
It just proves once again whom the Republicans represent in our Congress. They have always been owned and operated by the rich and powerful elements of our society.

Ok. Good for you. You caught us. You're right this is just part of a right wing conspiracy to help "big business" take over without anyone else figuring it out.

[shade]

Yes, that's right let's put Corporate America out of business so thousands of Americans can lose their jobs. That will make everything so much better! I don't know why, but for some reason being able to make my house payment appeals to me. I guess I'm at that point in my life where sleeping outside in a cardboard box in the middle of winter has lost all it's charm.

[Niteshift]

If there was ever a contest for what topic can we talk about that the govt. could care less what we think about it, this would be a contender.

[ateamer]

When is the last time a poor man hired 1,000 people to work in his factory?

[SGT Dave]

Yeah, the Republicans might bankrupt the country bettie, but you have to look at it logically-we stand a better chance of getting high capacity magazines back for assault rifles back under them.

Where are your priorities?

GO GOP! GO GOP! GO GOP! GO GOP!

Gimme an R
Gimme an E
Gimme a P
Gimme a U
Gimme a B
Gimme an L
Gimme an I
Gimme a C
Gimme an A
Gimme an N

What'dya Got? Well certainly not a pro- homo, pro-criminal, anti-self protection, military cutting, Janet Reno appointing skirt chaser.

The impeachment hearings showed what kind of people most have become in this country "I don't care what kind of President we have or what he does in the White House as long as the economy is good (tranlation: me me me me money money money.)

I call it the "Prostituting of America." As opposed to your logic, or Falwell's, I'm turning on the TV.

I don't want to push this issue though, as I'd hate to commit "suicide" today or be on a plane that crashes in perfect weather, or at the least have this site kicked off the Net (since your man invented the Internet.)

[SemperFi]

I've seen "trickle down" down before. We had lots of inflation, high interest rates, and unemployment. Daddy Bush paid the price.

The idea of selling war bonds while giving fat cats tax breaks is stupid. Want a democratic party majority in BOTH hosues of congress? Clinton rode "the economy" twice, ol' Al would love to play that oldie but goodie.

If the GOP wastes the limited surplus left,they will be a serious minority party in the next election. Then you will have the dems as committee chairs in the houae and senate when the assulat weapons ban comes up for renewal.

[Bunkster]

Originally posted by Bettie:
I believe that the so-called "Stimulus Bill" that the Republican controlled House of Representatives passed is a new low in the category of unmitigated, vulgar,
un-American greed, on the part of the wealthy entities that the Republicans represent in our Congress. This
atrocity is also taking advantage of the cruel tragedy that so many thousands of Americans have suffered in NYC
and WDC. This is one of the worst cases of filthy greed on the part of Corporate America that I have ever seen.
It just proves once again whom the Republicans represent in our Congress. They have always been owned and operated by the rich and powerful elements of our society.

My goodness, there seems to be quite a bit of that "hate" you leftists fetishly deride in your screed!

Not too "tolerant" are we, Bettie?

Don't care for much "diversity" in the arena of private property, do you Bettie?

Love to get your filthy little hands on my wealth and squander it away on worthless, destructive causes, Bettie?

I'll leave with a constructive suggestion for you, Bettie. I'm sure you think people steal or inherit wealth. Although Marx did not author it, you might read "The Millionaire Next Door" and learn something:
http://www.amazon.com/exec/obidos/AS...553480-1595334

Regards

[Sparky]

It astounds me, the lack of knowledge about economics.

It really is sad.

Anyone here know the diff between micro and macro ecomincs?

What does it mean to be an "Austrian Economist"?

What is "the Fed"?

What does the interst rate have to do with the economy?

What is "velocity"?

What does the price of gold have to do with anything?

What are "durable goods" and what can we tell by their rate of sale?

What is inflation? and what causes it?

What did it mean for us to go off the gold standard?


and the BONUS question:
Why doesn't candy cost a nickle anymore?

[Bettie]

I think poor people always get the short end of the stick and corporations make all the rules we live under. I am glad the democrats help to make a level playing field and have true compassion.

[Niteshift]

"I am glad the democrats help to make a level playing field and have true compassion."

Glad you met your "one foolish statement a day" quota.

Take one of the leading families in the Democratic Party, the Kennedys. Money made by criminal enterprise. Shady personal and political dealings, including organized crime figures and Nazi's.

Or the Clintons........ mega-dollar book deals, insider trading for large profits, gray area gifts, more political IOU's than anyone I can think of.

If that is your idea of a level playing field, I suggest you take your game to another stadium.

[grum]

Originally posted by Sparky:
It astounds me, the lack of knowledge about economics.

It really is sad.

Anyone here know the diff between micro and macro ecomincs?

Micro and Macro differ largely in the scope of the things investigated. Micro is largely concerned with individuals or households, while Macro deals largely with the economy as a whole (or in aggregate)

What does it mean to be an "Austrian Economist"?

The "Austrian School" of economics began in the late 15th century and it's followers are considered to be the first real economists. They were proponents of property rights and the freedom to contract and trade, which are crucial components of a capitalistic economy.

What is "the Fed"?

The "Fed" is the slang name for the U.S. Federal Reserve which is responsible for fiscal(interest rate) and monetary (money supply) policy in the United States. It also regulates banks and credit institutions in the United States.

What does the interest rate have to do with the economy?

Interest rates act as the main fiscal policy instrument to regulate the supply of money by affecting the flow of money into savings or spending and investment. As interest rates rise, more money is invested into interest bearing vehicles which reduces amount of money in circulation (money supply). Restricting the money supply serves as a useful tool to combat inflation. As interest rates fall, interest bearing vehicles become less attractive, and more money is directed to consumer spending or invested in stocks and other none interest bearing investment vehicles. Reducing interest rates are useful to contract reduced spending and stock market investment commonly found in a recession.

What is "velocity"?

Velocity, specifically velocity of money refers to the speed with which money circulates through the economy. In times of high consumer spending, the veocity of money is quite high as it changes hands often. In a recession where consumer spending is lower, the velocity of money is lower. It can therefore be used to judge the overall health of the economy.

What does the price of gold have to do with anything?

Now? nothing really other then it's inherent value based on it's rarity. When the majority of currencies were based on the gold standard, the price of gold varied with the overall supply of money.

What are "durable goods" and what can we tell by their rate of sale?

Durable goods are those that are by nature durable and are purchased infrequently. They are often higher value items such as aircraft, cars, houses etc. Statistics on durable goods purchases are an indicator of manufacturing activity. Higher rates of sale usually indicate high manufacturing output and a healthy economy.

What is inflation? and what causes it?

Inflation can be described as the trend of rising prices or decreased purchasing power of a unit of curency, created by demand exceeding supply.
If demand for a good exceeds supply, the price will rise as consumers compete (usually by offering to pay a higher price) to obtain the good. Inflation often occurs when the supply of money is large (healthy ecnomy) as many consumers have the ability to pay more for goods then they normally would.

What did it mean for us to go off the gold standard?

At one point in time, the US $ was backed by the gold standard, which meant that for every 1$ in circulation, there was $1 worth of gold on deposit in the federal reserve. The value of the paper bill was the fact that is could (theoretically) be redeemed for the actual gold.
As the US economy grew and became stable, people realized that US currency had an inherent value and did not need to be backed by the gold standard. In effect they were sure enough that the paper bill would be accepted, that the need to redeem it for actual gold did not exist.
The result of going away from the gold standard was that some of the US gold supply could be sold off, and the value of US currency was now based on the health of the economy rather then the value of gold held.


and the BONUS question:
Why doesn't candy cost a nickle anymore?

Because the estimate of durable goods purchases and money velocity by several Austrian macro economists was flawed by not correctly adjusting for the impact of moving away from the gold standard. Acting on this information, the "Fed" sold off gold supplies, which dropped the price, and kept interest rates too low, creating inflation which pushed the price of candy over the $0.05 mark.

Not sure why this is all in bold
null

[ 10-26-2001: Message edited by: grum ]

[ 10-26-2001: Message edited by: grum ]

[FLLawdog]

Not sure why this is all in bold

Go back through your post. Whatever is between the bold commands is gonna be, well, "bolded"(is that a word?). Likewise, whatever is between the quote command will be quoted.

[Zamboni]

Republican economics - Give all the money to the rich who don't need it so they can hoard it while the middle and lower classes having their standards of living lowered.

Democrat economics - Give more money to the poor in the form of welfare so they don't have to get off their lazy butts and work.

Both sides are screwed up and out of touch with reality.

[Cheese Whizz]

Does anyone agree with me, when I say we should just have a flat income tax of 20%, no matter your income, once it is above the taxable level?

think about it, the middle and lower classes would pay less taxes, the rich would probably end up paying more, as there wouldn't be a bevy of loopholes to get around, and the same goes for corporate taxes too.