11-21-2016, 12:27 PM
(This post was last modified: 11-21-2016, 04:26 PM by Eric the Green.)
The delusion that conservatives and libertarians are under is that massive tax cuts "motivate and reward work." They don't. Tax cuts motivate financial speculation, pencil pushing, buyouts, exporting jobs, automation and all the other wonderful (and horrible) things that the wealthy do. They don't earn their money, they extort it from the people who do real work. Trickle down doesn't trickle. What it certainly does is increase the unequal power of the wealthy over the rest of us.
The inflation adjustment for social security has already been removed by you guys.
Higher interest rates help those who spend money, thus stimulating the economy. Higher interest rates (within reason) put a check on the wealthy, who borrow money for luxury purchases that don't help the economy, and for supposed expansion of their businesses. In the old days, businessmen borrowed money to boost their business, which helped create jobs. Nowadays, especially in America rather than Japan, they borrow in order to buyout other companies, build plants in other countries, and speculate and gamble with other peoples' money.
The purpose of "work" for an individual is not to take home more money now. It is to build up savings so they can invest it and thus not have to "work." Without savings, investment, and returns on investment, there is no incentive to "work." And savings builds up capital in the economy so business can expand.
And then people can afford to pay more taxes too, which builds infrastructure. Without taxes (within reason) and government spending (within reason), the economy has no basis on which to operate. Only toll roads and privatized services available only to the wealthy exist. That's called a banana republic.
Extremism in defense of liberty is indeed a vice. Balanced policies are a virtue.
The inflation adjustment for social security has already been removed by you guys.
Higher interest rates help those who spend money, thus stimulating the economy. Higher interest rates (within reason) put a check on the wealthy, who borrow money for luxury purchases that don't help the economy, and for supposed expansion of their businesses. In the old days, businessmen borrowed money to boost their business, which helped create jobs. Nowadays, especially in America rather than Japan, they borrow in order to buyout other companies, build plants in other countries, and speculate and gamble with other peoples' money.
The purpose of "work" for an individual is not to take home more money now. It is to build up savings so they can invest it and thus not have to "work." Without savings, investment, and returns on investment, there is no incentive to "work." And savings builds up capital in the economy so business can expand.
And then people can afford to pay more taxes too, which builds infrastructure. Without taxes (within reason) and government spending (within reason), the economy has no basis on which to operate. Only toll roads and privatized services available only to the wealthy exist. That's called a banana republic.
Extremism in defense of liberty is indeed a vice. Balanced policies are a virtue.