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| 11-14-2010, 07:49 AM | #2 |
| Last edited by kswier; 11-14-2010 at 12:57 PM. | |
| 11-14-2010, 09:29 AM | #4 |
| 11-15-2010, 07:32 AM | #5 |
| 11-15-2010, 08:03 AM | #6 |
| 11-15-2010, 10:06 AM | #9 |
 Originally posted by Parallax  My take on things is that we're doomed, financially. | |
| 11-15-2010, 10:10 AM | #10 |
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DOOMED I tell you, DOOMED! (I have been known on occasion to make hyperbolic statements.  )
Last edited by Parallax; 11-15-2010 at 10:21 AM. | |
| 11-15-2010, 02:59 PM | #11 |
| Originally posted by jeffkrol Namely, he has a plan to fix the size of the money supply, and then states all over the place that people will be earning interest. OK.. where do you get the interest from? I don't mean the BS shell game of his idea it will be funded form people taking their personal money out of circulation to get more later. His plan might be at least internally consistent if he said that deflation would replace interest, but then there's no point in investing in anything as sticking your money in a hole in the ground is a guaranteed yield with zero risk and loaning anything to a small business might result in negative returns. Even in gold backed days, the money supply was capable of expansion. For all his complex reasoning, all he would effectively do is reduce us to barter. | |
| 11-15-2010, 03:15 PM | #12 |
| Quote: Originally posted by jeffkrol Another type of fix: http://www.goodnessmovement.com/file...sion%20two.pdf Goodness second try That's not a fix, the guy's an idiot. Not just name calling, he has some gaping contradictions in his own plan. Namely, he has a plan to fix the size of the money supply, and then states all over the place that people will be earning interest. OK.. where do you get the interest from? I don't mean the BS shell game of his idea it will be funded form people taking their personal money out of circulation to get more later. His plan might be at least internally consistent if he said that deflation would replace interest, but then there's no point in investing in anything as sticking your money in a hole in the ground is a guaranteed yield with zero risk and loaning anything to a small business might result in negative returns. Even in gold backed days, the money supply was capable of expansion. For all his complex reasoning, all he would effectively do is reduce us to barter. I didnt read that article until now, and i couldn't get passed the second paragraph without red flags all over the place: Quote: I am redefining Capitalism as a system for harnessing innovation for the public good Why not use a different word then? That defeats the whole point of even having a language if you are just going to re-define words like that... Quote: ...Microsoft and Apple. Both companies were founded by men with visions and new products. From a Marxist standpoint, they should not have existed, since they didn't start out rich What does that mean? Gates may be the richest man in the world today, but he was never poor; he was born into upper class. Same goes for Jobs as far as I am aware. Continue to read, this guy is using big words that I don't think he understands...not to mention his so called big ideas are discussions that take place in econ and philosophy 101.... you know what i need to stop myself there - maybe this pdf is actually a homework assignment from a poor performing student? He doesn't seem to understand the basics of supply and demand...or the purpose of the fed reserve.. | |
| 11-15-2010, 03:53 PM | #13 |
| Originally posted by raz-0 That's not a fix, the guy's an idiot. Not just name calling, he has some gaping contradictions in his own plan. Namely, he has a plan to fix the size of the money supply, and then states all over the place that people will be earning interest. OK.. where do you get the interest from? I don't mean the BS shell game of his idea it will be funded form people taking their personal money out of circulation to get more later. His plan might be at least internally consistent if he said that deflation would replace interest, but then there's no point in investing in anything as sticking your money in a hole in the ground is a guaranteed yield with zero risk and loaning anything to a small business might result in negative returns. Even in gold backed days, the money supply was capable of expansion. For all his complex reasoning, all he would effectively do is reduce us to barter. Originally posted by Capslock118 What do you mean? Doesn't everybody trade chickens for lenses? I didnt read that article until now, and i couldn't get passed the second paragraph without red flags all over the place: Why not use a different word then? That defeats the whole point of even having a language if you are just going to re-define words like that... What does that mean? Gates may be the richest man in the world today, but he was never poor; he was born into upper class. Same goes for Jobs as far as I am aware. Continue to read, this guy is using big words that I don't think he understands...not to mention his so called big ideas are discussions that take place in econ and philosophy 101.... you know what i need to stop myself there - maybe this pdf is actually a homework assignment from a poor performing student? He doesn't seem to understand the basics of supply and demand...or the purpose of the fed reserve.. | |
| 11-16-2010, 07:23 AM | #15 |
| Originally posted by JohnInIndy Too bad they fail to take into account that when taxes are raised revenue will decrease due to less things bought and less money changing hands. Add to that the higher unemployment costs due to less jobs. However you can do a pretty good deal with panhandling. And it's tax free.  One of the great moral and legal problem is individuals are deciding what should and should not be "taxable income" ..... Thus the 1099 provision in th health care bill. The argument for stating there are enough taxes leaves out the part where people are "cheating" and in actuality are paying much less then they "should".... Quote: The provision is designed to raise $18 billion in revenue over 10 years. translated that means people are defrauding the fed at 18bil over ten years... and they want to close the "loophole" which is not a loophole at all but theft... sort of. Senate Will Take Up Repeal Of Onerous 1099 Provision - Agent/Broker - Property and Casualty Insurance News Just one example..... yes there are too many taxes and yes people are readily not paying them..... | |
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