Already 5 Years Into a Lost Decade

[eavesdropper]

[quote=walterwhite]I vacillate wildly hour to hour[/quote]

Glad the situation is improving.

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Another scenario: deflation in most categories except in the things we really need like food and oil where we will see inflation.

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Another scenario: deflation in most categories except in the things we really need like food and oil where we will see inflation.

[paramount]

Another scenario: deflation in most categories except in the things we really need like food and oil where we will see inflation.

[paramount]

Another scenario: deflation in most categories except in the things we really need like food and oil where we will see inflation.

[paramount]

Another scenario: deflation in most categories except in the things we really need like food and oil where we will see inflation.

[eavesdropper]

[quote=patb][quote=mike92104][quote=BigGovernmentIsGood]The only true remedy to deflation is to tax wealth and to have a very high estate tax. This will allow for redistribution of wealth from the upper classes who are hoarding it to the lower, more productive classes who will spend and invest it.[/quote]

There’s an idea! Communism will fix it![/quote]

Republican capitalism got us in this fix, and you
want to keep it up?[/quote]

I am keenly disappointed. This is not Piggs-worthy discourse

Actually, I have nothing against trying to enforce existing tax laws, and perhaps taking away one or two of the tax loopholes that the very wealthy enjoy. However, wholesale redistribution of wealth doesn’t do it for me (and not because I’m wealthy).

I am curious as to what you mean when you say “more productive” in referring to, quote, lower classes. Actually, I’d also like to know what income range are we speaking of here.

In reality, there were millions of lower middle class Americans that earned more wealth than they ever thought possible during the late 90s and early 2000s. I saw a lot of Mercedeses, Cadillacs, and ultra-loaded luxury trucks, and quite a few good-sized boats, plenty of plasma TVs and home theater systems, and kids and adults alike in expensive designer clothes, all paid for with the wealth that people took out of their homes. Is this what constitutes “investment”? Because it didn’t work. And you have a lot of embittered people who are pissed that their homes are worth half of what they owe on them, and acting like they had no part in it.

Sorry, but I’m not seeing any evidence that these people know anything about “investing”.

[eavesdropper]

[quote=patb][quote=mike92104][quote=BigGovernmentIsGood]The only true remedy to deflation is to tax wealth and to have a very high estate tax. This will allow for redistribution of wealth from the upper classes who are hoarding it to the lower, more productive classes who will spend and invest it.[/quote]

There’s an idea! Communism will fix it![/quote]

Republican capitalism got us in this fix, and you
want to keep it up?[/quote]

I am keenly disappointed. This is not Piggs-worthy discourse

Actually, I have nothing against trying to enforce existing tax laws, and perhaps taking away one or two of the tax loopholes that the very wealthy enjoy. However, wholesale redistribution of wealth doesn’t do it for me (and not because I’m wealthy).

I am curious as to what you mean when you say “more productive” in referring to, quote, lower classes. Actually, I’d also like to know what income range are we speaking of here.

In reality, there were millions of lower middle class Americans that earned more wealth than they ever thought possible during the late 90s and early 2000s. I saw a lot of Mercedeses, Cadillacs, and ultra-loaded luxury trucks, and quite a few good-sized boats, plenty of plasma TVs and home theater systems, and kids and adults alike in expensive designer clothes, all paid for with the wealth that people took out of their homes. Is this what constitutes “investment”? Because it didn’t work. And you have a lot of embittered people who are pissed that their homes are worth half of what they owe on them, and acting like they had no part in it.

Sorry, but I’m not seeing any evidence that these people know anything about “investing”.

[eavesdropper]

[quote=patb][quote=mike92104][quote=BigGovernmentIsGood]The only true remedy to deflation is to tax wealth and to have a very high estate tax. This will allow for redistribution of wealth from the upper classes who are hoarding it to the lower, more productive classes who will spend and invest it.[/quote]

There’s an idea! Communism will fix it![/quote]

Republican capitalism got us in this fix, and you
want to keep it up?[/quote]

I am keenly disappointed. This is not Piggs-worthy discourse

Actually, I have nothing against trying to enforce existing tax laws, and perhaps taking away one or two of the tax loopholes that the very wealthy enjoy. However, wholesale redistribution of wealth doesn’t do it for me (and not because I’m wealthy).

I am curious as to what you mean when you say “more productive” in referring to, quote, lower classes. Actually, I’d also like to know what income range are we speaking of here.

In reality, there were millions of lower middle class Americans that earned more wealth than they ever thought possible during the late 90s and early 2000s. I saw a lot of Mercedeses, Cadillacs, and ultra-loaded luxury trucks, and quite a few good-sized boats, plenty of plasma TVs and home theater systems, and kids and adults alike in expensive designer clothes, all paid for with the wealth that people took out of their homes. Is this what constitutes “investment”? Because it didn’t work. And you have a lot of embittered people who are pissed that their homes are worth half of what they owe on them, and acting like they had no part in it.

Sorry, but I’m not seeing any evidence that these people know anything about “investing”.

[eavesdropper]

[quote=patb][quote=mike92104][quote=BigGovernmentIsGood]The only true remedy to deflation is to tax wealth and to have a very high estate tax. This will allow for redistribution of wealth from the upper classes who are hoarding it to the lower, more productive classes who will spend and invest it.[/quote]

There’s an idea! Communism will fix it![/quote]

Republican capitalism got us in this fix, and you
want to keep it up?[/quote]

I am keenly disappointed. This is not Piggs-worthy discourse

Actually, I have nothing against trying to enforce existing tax laws, and perhaps taking away one or two of the tax loopholes that the very wealthy enjoy. However, wholesale redistribution of wealth doesn’t do it for me (and not because I’m wealthy).

I am curious as to what you mean when you say “more productive” in referring to, quote, lower classes. Actually, I’d also like to know what income range are we speaking of here.

In reality, there were millions of lower middle class Americans that earned more wealth than they ever thought possible during the late 90s and early 2000s. I saw a lot of Mercedeses, Cadillacs, and ultra-loaded luxury trucks, and quite a few good-sized boats, plenty of plasma TVs and home theater systems, and kids and adults alike in expensive designer clothes, all paid for with the wealth that people took out of their homes. Is this what constitutes “investment”? Because it didn’t work. And you have a lot of embittered people who are pissed that their homes are worth half of what they owe on them, and acting like they had no part in it.

Sorry, but I’m not seeing any evidence that these people know anything about “investing”.

[eavesdropper]

[quote=patb][quote=mike92104][quote=BigGovernmentIsGood]The only true remedy to deflation is to tax wealth and to have a very high estate tax. This will allow for redistribution of wealth from the upper classes who are hoarding it to the lower, more productive classes who will spend and invest it.[/quote]

There’s an idea! Communism will fix it![/quote]

Republican capitalism got us in this fix, and you
want to keep it up?[/quote]

I am keenly disappointed. This is not Piggs-worthy discourse

Actually, I have nothing against trying to enforce existing tax laws, and perhaps taking away one or two of the tax loopholes that the very wealthy enjoy. However, wholesale redistribution of wealth doesn’t do it for me (and not because I’m wealthy).

I am curious as to what you mean when you say “more productive” in referring to, quote, lower classes. Actually, I’d also like to know what income range are we speaking of here.

In reality, there were millions of lower middle class Americans that earned more wealth than they ever thought possible during the late 90s and early 2000s. I saw a lot of Mercedeses, Cadillacs, and ultra-loaded luxury trucks, and quite a few good-sized boats, plenty of plasma TVs and home theater systems, and kids and adults alike in expensive designer clothes, all paid for with the wealth that people took out of their homes. Is this what constitutes “investment”? Because it didn’t work. And you have a lot of embittered people who are pissed that their homes are worth half of what they owe on them, and acting like they had no part in it.

Sorry, but I’m not seeing any evidence that these people know anything about “investing”.

[gandalf]

Okay, that’s just incorrect.

Wealth distribution in America has shifted UPWARDS in the past 30 years — DRAMATICALLY. The changes are due in no small part to REGRESSIVE government policies. Name a public finance or policy with economic implications: fiscal spending, war and peace, monetary policy, IRS tax code, government bailouts, globalization and trade, subsidies, contracting, etc. Look at the changes the past three decades.

Billionaires and big business are thriving. The middle class is under tremendous pressure. The changes started with the election of Reagan and the shift towards modern big government ‘conservatism’ (which has little to do with true conservatism). Democrats have been willing accomplices but Republicans have led the charge.

Are you opposed to wealth redistribution? Get rid of tax avoidance and loopholes for asswipe multinational corporations and the super-wealthy. They pay a much lower tax rate on average compared to what middle class families pay (income and year-over-year gains in wealth).

Get rid of subsidies, offshoring and the de facto CORPORATE WELFARE system that is agri-business, healthcare, big pharma, big oil, finance and insurance, bailouts for bankers, that fucking entitlement system that is our military-industrial complex, Detroit automotive, etc. Then you can whine about poor people and wealth redistribution.

Fox news, democrats suck, down with communism, yak, yak… USA! USA!

It’s amazing. Billionaires and corporations are literally plundering the country like pirates, and our government is helping them do it. Both parties are complicit, but the GOP is leading the charge. Meantime, all these tea party types spew Rush Limbaugh talking points about socialism and poor people, as if that had anything to do with USA economic reality in 2010.

[gandalf]

Okay, that’s just incorrect.

Wealth distribution in America has shifted UPWARDS in the past 30 years — DRAMATICALLY. The changes are due in no small part to REGRESSIVE government policies. Name a public finance or policy with economic implications: fiscal spending, war and peace, monetary policy, IRS tax code, government bailouts, globalization and trade, subsidies, contracting, etc. Look at the changes the past three decades.

Billionaires and big business are thriving. The middle class is under tremendous pressure. The changes started with the election of Reagan and the shift towards modern big government ‘conservatism’ (which has little to do with true conservatism). Democrats have been willing accomplices but Republicans have led the charge.

Are you opposed to wealth redistribution? Get rid of tax avoidance and loopholes for asswipe multinational corporations and the super-wealthy. They pay a much lower tax rate on average compared to what middle class families pay (income and year-over-year gains in wealth).

Get rid of subsidies, offshoring and the de facto CORPORATE WELFARE system that is agri-business, healthcare, big pharma, big oil, finance and insurance, bailouts for bankers, that fucking entitlement system that is our military-industrial complex, Detroit automotive, etc. Then you can whine about poor people and wealth redistribution.

Fox news, democrats suck, down with communism, yak, yak… USA! USA!

It’s amazing. Billionaires and corporations are literally plundering the country like pirates, and our government is helping them do it. Both parties are complicit, but the GOP is leading the charge. Meantime, all these tea party types spew Rush Limbaugh talking points about socialism and poor people, as if that had anything to do with USA economic reality in 2010.

[gandalf]

Okay, that’s just incorrect.

Wealth distribution in America has shifted UPWARDS in the past 30 years — DRAMATICALLY. The changes are due in no small part to REGRESSIVE government policies. Name a public finance or policy with economic implications: fiscal spending, war and peace, monetary policy, IRS tax code, government bailouts, globalization and trade, subsidies, contracting, etc. Look at the changes the past three decades.

Billionaires and big business are thriving. The middle class is under tremendous pressure. The changes started with the election of Reagan and the shift towards modern big government ‘conservatism’ (which has little to do with true conservatism). Democrats have been willing accomplices but Republicans have led the charge.

Are you opposed to wealth redistribution? Get rid of tax avoidance and loopholes for asswipe multinational corporations and the super-wealthy. They pay a much lower tax rate on average compared to what middle class families pay (income and year-over-year gains in wealth).

Get rid of subsidies, offshoring and the de facto CORPORATE WELFARE system that is agri-business, healthcare, big pharma, big oil, finance and insurance, bailouts for bankers, that fucking entitlement system that is our military-industrial complex, Detroit automotive, etc. Then you can whine about poor people and wealth redistribution.

Fox news, democrats suck, down with communism, yak, yak… USA! USA!

It’s amazing. Billionaires and corporations are literally plundering the country like pirates, and our government is helping them do it. Both parties are complicit, but the GOP is leading the charge. Meantime, all these tea party types spew Rush Limbaugh talking points about socialism and poor people, as if that had anything to do with USA economic reality in 2010.

[gandalf]

Okay, that’s just incorrect.

Wealth distribution in America has shifted UPWARDS in the past 30 years — DRAMATICALLY. The changes are due in no small part to REGRESSIVE government policies. Name a public finance or policy with economic implications: fiscal spending, war and peace, monetary policy, IRS tax code, government bailouts, globalization and trade, subsidies, contracting, etc. Look at the changes the past three decades.

Billionaires and big business are thriving. The middle class is under tremendous pressure. The changes started with the election of Reagan and the shift towards modern big government ‘conservatism’ (which has little to do with true conservatism). Democrats have been willing accomplices but Republicans have led the charge.

Are you opposed to wealth redistribution? Get rid of tax avoidance and loopholes for asswipe multinational corporations and the super-wealthy. They pay a much lower tax rate on average compared to what middle class families pay (income and year-over-year gains in wealth).

Get rid of subsidies, offshoring and the de facto CORPORATE WELFARE system that is agri-business, healthcare, big pharma, big oil, finance and insurance, bailouts for bankers, that fucking entitlement system that is our military-industrial complex, Detroit automotive, etc. Then you can whine about poor people and wealth redistribution.

Fox news, democrats suck, down with communism, yak, yak… USA! USA!

It’s amazing. Billionaires and corporations are literally plundering the country like pirates, and our government is helping them do it. Both parties are complicit, but the GOP is leading the charge. Meantime, all these tea party types spew Rush Limbaugh talking points about socialism and poor people, as if that had anything to do with USA economic reality in 2010.

[Author]

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