Global Financial Crisis (7 Viewers)

Enron

Tickle Me
Moderator
Oct 11, 2005
75,708
Entitlements will need to be addressed in one way or another. It's just the way it is.

I don't want to start an age war, but the fact that all these older conservatives hate our generation for being lazy and useless it completely absurd. They're the ones who raised us, they're the ones who brought the country towards the brink of extinction, they're the imbeciles who didn't have a problem with anything as long as an asset bubble was in place to cushion their spending. Well, sorry, fucktards, but maybe death panels aren't such a bad idea after all...
We could just stop being so lazy. Just re-activate the draft and mandatory selective service. Problem solved.
 

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AndreaCristiano

Nato, Vive, e muore Italiano
Jun 9, 2011
19,431
Good quote. But I don't know how much Ben Franklin really knew about being poor.

In contrast a better argument could be made by examining the standards of living or the movement throughout classes of people in different nations with different levels of social programs. Probably a bit more convincing than drawing from the words of a man that grew up during a time when people were a commodity and savages lined the frontier.

Well all in all does it even matter, his words ring true. The more comfortable one becomes on govt aid and programs the less they will fend for themselves. Example in the US the average farm hand now is illegals. If their was no aid for the american poor they would fill those jobs to fill their stomachs. Yet as the american poor get aid the illegals become the new uber poor and the rich in turn get richer. Wages are lower because they pay the illegals, the govt takes care of the poor and unemployed and the top rises. If there was no assistance, the unemployed would do whatever job was available, there would be no jobs for the illegals , straining our system and the rich would be forced to pay a fairer wage, while the govt would save billions and have no sheep
 

AndreaCristiano

Nato, Vive, e muore Italiano
Jun 9, 2011
19,431
So are all the proponents of Obama's healthcare bill happy their healthcare costs continue to rise? It was completely obvious it would happen if you understood economics. Everything in life revolves around economics.

If you want a socialist healthcare system instead of the current fascist one, how exactly is the government supposed to afford it? Raise taxes on everyone? Go deeper into debt?

There's no free lunch in economics, and that's what people don't want to accept.
EXACTLY
 

AndreaCristiano

Nato, Vive, e muore Italiano
Jun 9, 2011
19,431

IrishZebra

Western Imperialist
Jun 18, 2006
23,327
We pay both man and the rest :sergio: VAT on good and services (lower in hospitality to encourage growth) between 13-21.5% AND Income Taxes between 22-45%, Universal Social Tax, Bin Tax,Water Tax,Household Tax,Car Tax,Television Tax Etc Etc.

I can empathise with hating taxes but not having an income tax is a bit misguided and what the Kochs and Murdoch and the other rich people bank-rolling the Teaparty want because it would make them even richer and provide no social security net for the poor.
 

AndreaCristiano

Nato, Vive, e muore Italiano
Jun 9, 2011
19,431
We pay both man and the rest :sergio: VAT on good and services (lower in hospitality to encourage growth) between 13-21.5% AND Income Taxes between 22-45%, Universal Social Tax, Bin Tax,Water Tax,Household Tax,Car Tax,Television Tax Etc Etc.

I can empathise with hating taxes but not having an income tax is a bit misguided and what the Kochs and Murdoch and the other rich people bank-rolling the Teaparty want because it would make them even richer and provide no social security net for the poor.

your a pretty serious socialist arent you
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,995
I don't understand, does that mean that the economic variables when healthcare is factored in void the vibrancy of the economy
Simply, it means Sweden has a different economy than other economies, which is the point. If you want to see the US have a healthcare system like Sweden's then I'd love to see the plan. Unfortunately, it always ends up resulting in more spending.

We pay both man and the rest :sergio: VAT on good and services (lower in hospitality to encourage growth) between 13-21.5% AND Income Taxes between 22-45%, Universal Social Tax, Bin Tax,Water Tax,Household Tax,Car Tax,Television Tax Etc Etc.

I can empathise with hating taxes but not having an income tax is a bit misguided and what the Kochs and Murdoch and the other rich people bank-rolling the Teaparty want because it would make them even richer and provide no social security net for the poor.
Oh, cut the crap about that. The only thing Murdoch controls are the news outlets. Who gives a shit about that. You want to know the main culprits for the economic hardships we face? The banksters. Where do they get their bailouts from? The government, from taxpayers. Who allows them to get away with accounting fraud and betting against their own clients while being subject to "regulation"? The government. Who causes the value of the dollar to be debased in an effort to support the favored Wall Street banksters? The government-sponsored private Federal Reserve. So who gives a damn about Murdoch, he isn't the main problem we face.

I'm tired of paying taxes to an illegitimate, terrorist government that does nothing but undermine the middle class and have some goon squad stick their hands down my pants. I would love to pay zero taxes to these clowns.
 

IrishZebra

Western Imperialist
Jun 18, 2006
23,327
your a pretty serious socialist arent you
No, I'm somewhere near the middle :)

I believe in a fair society and a fair economy. I believe in only limited unemployment assistance and barely any social assistance to people who have created their own problems through negligence (the majority of teenage mothers, people who live a 'credit card; lifestyle etc.). I believe that everybody should have the opportunity to get a comparable education past 'high-school' and a low-interest government loan scheme tied to academic performance for College education wherein you only being repayment upon reaching a certain income bracket. I believe i free healthcare for every citizen with proportional costs sharing for those whos condition has come from negligence (e.g. a smoker having a lung replaced, a drunk guy falling down the stairs). I believe in pure entrepreneurship as opposed to 'Daddys Money', I think there should be punitive inheritance tax rates for rich people. I believe in fair income tax rates, a 10%,20%,30% and 50% rate intervaled at 15,000-27,500-50,000-150,000. I believe in state ownership of natural resources and chains of supply but competition in service provision.

I don't think that's very Socialist...
 

Tak!

Senior Member
Jun 23, 2011
4,193
Seems to be a delusion about some free market here. Free markets doesn't exists and never will. Fundamentally because markets consists of people and people aren't rational. It does not imply people are stupid but being rational is a concept that doesn't fit the human behavior.

By the way, about Sweden. It's not necessarily so that the tax payer, you or me, has to pay for the healthcare. In Sweden there's a common understanding that the high taxes they pay is whats pays their med care and so forth. This isn't completely true, most of Sweden's income is based on exports, the so called turn key they export is a major factor behind Sweden's welfare and the major contributor to Sweden being able to afford their med care system. 70 percent of Sweden's income is coming from turn key. Of course the taxes the regular citizen is paying is a necessity but it's not the complete story.

What I'm trying to say is that the discussions seems to be revolving that the increasement of taxes is a requirement for USA to accomplish free med care as well. Yes, this is sort of true, but the taxes will mainly be funded from other places - IF - it is done correctly. Which I'm assuming Obama and the rest of his gang wants to apply. However, reducing their budget for their defence - well - that's another story which could lead to some promising futures for the American people.

Sorry for typing badly and maybe not making my self comprehensible. I'm tired and off to bed.
 

AndreaCristiano

Nato, Vive, e muore Italiano
Jun 9, 2011
19,431
Simply, it means Sweden has a different economy than other economies, which is the point. If you want to see the US have a healthcare system like Sweden's then I'd love to see the plan. Unfortunately, it always ends up resulting in more spending.



Oh, cut the crap about that. The only thing Murdoch controls are the news outlets. Who gives a shit about that. You want to know the main culprits for the economic hardships we face? The banksters. Where do they get their bailouts from? The government, from taxpayers. Who allows them to get away with accounting fraud and betting against their own clients while being subject to "regulation"? The government. Who causes the value of the dollar to be debased in an effort to support the favored Wall Street banksters? The government-sponsored private Federal Reserve. So who gives a damn about Murdoch, he isn't the main problem we face.

I'm tired of paying taxes to an illegitimate, terrorist government that does nothing but undermine the middle class and have some goon squad stick their hands down my pants. I would love to pay zero taxes to these clowns.
see again were in agreement
 

IrishZebra

Western Imperialist
Jun 18, 2006
23,327
Simply, it means Sweden has a different economy than other economies, which is the point. If you want to see the US have a healthcare system like Sweden's then I'd love to see the plan. Unfortunately, it always ends up resulting in more spending.

You said 'in economics' not America in general...

Andy said:
Oh, cut the crap about that. The only thing Murdoch controls are the news outlets. Who gives a shit about that. You want to know the main culprits for the economic hardships we face? The banksters. Where do they get their bailouts from? The government, from taxpayers. Who allows them to get away with accounting fraud and betting against their own clients while being subject to "regulation"? The government. Who causes the value of the dollar to be debased in an effort to support the favored Wall Street banksters? The government-sponsored private Federal Reserve. So who gives a damn about Murdoch, he isn't the main problem we face.

I'm tired of paying taxes to an illegitimate, terrorist government that does nothing but undermine the middle class and have some goon squad stick their hands down my pants. I would love to pay zero taxes to these clowns.
Wait, WHAT? I was talking about the tea party being a vehicle for rich conservatives to further their agenda, I never said they caused the crisis or that they were the biggest problem. What are you on about man?
 

AndreaCristiano

Nato, Vive, e muore Italiano
Jun 9, 2011
19,431
No, I'm somewhere near the middle :)

I believe in a fair society and a fair economy. I believe in only limited unemployment assistance and barely any social assistance to people who have created their own problems through negligence (the majority of teenage mothers, people who live a 'credit card; lifestyle etc.). I believe that everybody should have the opportunity to get a comparable education past 'high-school' and a low-interest government loan scheme tied to academic performance for College education wherein you only being repayment upon reaching a certain income bracket. I believe i free healthcare for every citizen with proportional costs sharing for those whos condition has come from negligence (e.g. a smoker having a lung replaced, a drunk guy falling down the stairs). I believe in pure entrepreneurship as opposed to 'Daddys Money', I think there should be punitive inheritance tax rates for rich people. I believe in fair income tax rates, a 10%,20%,30% and 50% rate intervaled at 15,000-27,500-50,000-150,000. I believe in state ownership of natural resources and chains of supply but competition in service provision.

I don't think that's very Socialist...
thats democratic socialism and yes its still socialist. Its a Utopian society that with human nature can never exist
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,995
Seems to be a delusion about some free market here. Free markets doesn't exists and never will. Fundamentally because markets consists of people and people aren't rational. It does not imply people are stupid but being rational is a concept that doesn't fit the human behavior.
And governments are so rational. They're so smart and always do the right thing. They've never destroyed an economy and have never killed anyone in the history of the world.

Some of the most inane economic arguments in the world today consist of thinking a command and control economy by governments will lead you towards economic growth. It is complete lunacy because that is exactly what is ruining my own country; the Federal Reserve, in conjunction with the federal government, trying to plan every single facet of society as to guard against a recession. And what is their only course of action in staving off a recession? Spending money.

Recessions are supposed to be a good thing in economics. It pushes the insolvent or the incompetent players out of the market for better firms to take their place. In command and control economies, this process isn't allowed to occur because cronies in government bail out their friends. I'd much rather have a market dictate what happens in the world because at least if the shitheads make a bad bet they will end up offing themselves.

Which I'm assuming Obama and the rest of his gang wants to apply.
Well, then you would assume wrong, because Obummer only cares about the illusion of doing the right thing. Everything he agrees to is only a detriment to myself and the rest of the middle class, and I'm someone who voted for the fucking clown.
 

swag

L'autista
Administrator
Sep 23, 2003
84,963
So are all the proponents of Obama's healthcare bill happy their healthcare costs continue to rise? It was completely obvious it would happen if you understood economics. Everything in life revolves around economics.

If you want a socialist healthcare system instead of the current fascist one, how exactly is the government supposed to afford it? Raise taxes on everyone? Go deeper into debt?

There's no free lunch in economics, and that's what people don't want to accept.
I'm not necessarily a big fan of Obama's healthcare bill, but I don't see how anyone with an entrepreneurial mindset can keep their disgust down with the current healthcare system. It's ridiculously removed from any supply-and-demand economics through a Byzantine system of third-party payer incentives and bureaucratic paperwork. It's easily one of the most inefficient programs in the country and is one of the core reasons why American's get cheated out of better healthcare for the equivalent price that other civilized nations enjoy.

Right now we incentivize a system of escalating (and useless) technology for things like MRI scans, funding the latest and greatest technology that's often overkill and unnecessary, causing cost spirals. Meanwhile, there are no supply-and-demand incentives where, say, a company figuring out how to provide a baseline of MRI scans that would support 90% of the population's needs could be done far more cheaply and efficiently through greater production.

It's so bad, that medical resort practices in places like Thailand are becoming popular for people to do procedures at a fraction of the American costs. And none of this has to do with anything related to the Obama reforms.

90% of labor strife issues you see now in the media are over healthcare. The healthcare rates are currently rising many times faster than the general price of inflation. None of this is sustainable. And none of this has anything to do with Obama. The current system is bankrupt and cannot be left in place as-is.
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,995
Wait, WHAT? I was talking about the tea party being a vehicle for rich conservatives to further their agenda, I never said they caused the crisis or that they were the biggest problem. What are you on about man?
The "Tea Party" can mean a lot of different things. Do you even know what the premise was behind the modern day Tea Party movement?

I have no idea what you're doing bringing Murdoch into this discussion, it's asinine.
 

AndreaCristiano

Nato, Vive, e muore Italiano
Jun 9, 2011
19,431
And governments are so rational. They're so smart and always do the right thing. They've never destroyed an economy and have never killed anyone in the history of the world.

Some of the most inane economic arguments in the world today consist of thinking a command and control economy by governments will lead you towards economic growth. It is complete lunacy because that is exactly what is ruining my own country; the Federal Reserve, in conjunction with the federal government, trying to plan every single facet of society as to guard against a recession. And what is their only course of action in staving off a recession? Spending money.

Recessions are supposed to be a good thing in economics. It pushes the insolvent or the incompetent players out of the market for better firms to take their place. In command and control economies, this process isn't allowed to occur because cronies in government bail out their friends. I'd much rather have a market dictate what happens in the world because at least if the shitheads make a bad bet they will end up offing themselves.



Well, then you would assume wrong, because Obummer only cares about the illusion of doing the right thing. Everything he agrees to is only a detriment to myself and the rest of the middle class, and I'm someone who voted for the fucking clown.
Exactly! proper economics, requires failure, and recession, while this new economy doesn't want any of that
 

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