Australia stimulus: Wildly successful. Yet another victory for Keynesian economists

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RocksteadyDotNet

Diamond Member
Jul 29, 2008
3,152
1
0
Exactly my point. Amused thinks Republicans would find such a thing acceptable when they BITCH about tax rebates for people who pay little to no taxes. it's such a disenguous argument from him, but that's expected.

You need to give the money to poor people because they're the ones that will spend the whole lot.

I put mine in the bank cause I didn't need to money.

Poor people live hand to month, so they go and spend the whole check on food and petrol and booze etc.

That's what you need in a downturn, in a service economy, you need money going into registers. That gets business confidence up, which causes them to hire more people.

Tax breaks to businesses to not cause them to hire people.
 

Phokus

Lifer
Nov 20, 1999
22,994
779
126
Do you ever admit you're wrong? Heh.

Unlike you, Phokus, I don't think I'm "winning" anything here. If I am wrong, I readly admit it. We shall see what % of the taxes returned were paid to people who paid no taxes.

Oh man, i'm crying with laughter here:

Originally Posted by Amused
Notice I said "for the most part?" At any rate, returning the taxes to the tax payers seemed to do the most good. AND, the country wasn't even in a recession to begin with nor has it's real estate bubble burst.

Cry more, bitch.

Hint: Instead of looking at and posting only opinion pieces that support your ideology, read the rebuttals first to see if they're factually or conceptually wrong.

Now, I know your response to me will be filled with insults, but that's okay. It seems like your entire ego is dependent on winning whatever it seems you think you win here.

So you save face, why not keep telling the Aussie he knows fuck-all about his country and economy and you know so much more because your partisan opinion piece told you so.

LMAO LMAO LMAO

Also, to answer your question, you have no clue about how economics works, the reason that chart is right is because the bush tax cuts include a lot of tax cuts for people who won't spend that extra tax money because the more well off have a higher marginal propensity to save.

Take that versus a spending increase like food stamps where, by nature, those HAVE to be spent because poor people have a marginal propensity to spend (by nature of being poor) and that automatically gets cycled into the economy and multiplied as the money flows through to other people/businesses.
 

Phokus

Lifer
Nov 20, 1999
22,994
779
126
You need to give the money to poor people because they're the ones that will spend the whole lot.

I put mine in the bank cause I didn't need to money.

Poor people live hand to month, so they go and spend the whole check on food and petrol and booze etc.

That's what you need in a downturn, in a service economy, you need money going into registers. That gets business confidence up, which causes them to hire more people.

Tax breaks to businesses to not cause them to hire people.

And that's exactly what my chart shows, thanks

zandi.gif


This amused backfiring and schadenfreude is delicious :)
 

Amused

Elite Member
Apr 14, 2001
56,512
16,230
146
You're a sad little man, Phokus.

Meanwhile, when are you gonna appologize for calling JS80 a racist???
 

Amused

Elite Member
Apr 14, 2001
56,512
16,230
146
And that's exactly what my chart shows, thanks

zandi.gif


This amused backfiring and schadenfreude is delicious :)

Your chart shows unproven, biased predictions from 2008.

Care to post unbiased info on what the REAL return on our stimulus spending has been so far?

Oh wait...
 

Phokus

Lifer
Nov 20, 1999
22,994
779
126
You're a sad little man, Phokus.

Meanwhile, when are you gonna appologize for calling JS80 a racist???

No because he is one. Look who can't talk shit now. This is absolutely fucking beautiful. I kinda feel sorry for you, in a way.
 

RocksteadyDotNet

Diamond Member
Jul 29, 2008
3,152
1
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Ah, I see. So the majority went to people who didn't pay as much in, or was it evenly divided?

Obviously the HUGE housing credits you spoke of had to go to poeple who could afford to buy houses in the first place, right?

What do you mean 'divided evenly'?

Anyone who worked a day got $1k.

Anyone with kids got $500 a kid or some shit.

Anyone who had never owned a house got the $21k if they built a house.

A house here is crazy money, like $400k for 4x2 in a ghetto. But they banks will lend 100% with payments up to 60% of your pay packet.

So idiots are buying massively overpriced houses.
 

Amused

Elite Member
Apr 14, 2001
56,512
16,230
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What do you mean 'divided evenly'?

Anyone who worked a day got $1k.

Anyone with kids got $500 a kid or some shit.

Anyone who had never owned a house got the $21k if they built a house.

A house here is crazy money, like $400k for 4x2 in a ghetto. But they banks will lend 100% with payments up to 60% of your pay packet.

So idiots are buying massively overpriced houses.

I see, so it wasn't payouts only to those who paid little or no taxes, but to anyone.

Phokus seems to be fixated on giving money only to those who didn't pay taxes. A kind of redistribution circle jerk thing. It looks more like a tax rebate for the most part to me.

Yeah, I'm in California. The housing market is like that here, too.
 

Amused

Elite Member
Apr 14, 2001
56,512
16,230
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I dont want to take sides in the Amused v Phokus battle, but JS80 is a racist.

And a moron.

Seriously? His comment was racist?

You yourself admitted that multiculturalism and rampant illegal aliens is damaging to an economy.
 

Phokus

Lifer
Nov 20, 1999
22,994
779
126
Your chart shows unproven, biased predictions from 2008.

Care to post unbiased info on what the REAL return on our stimulus spending has been so far?

Oh wait...

For one thing, prove to me that the chief economist of moody's is biased.

Second, are you seriously suggesting that a well established economic idea of 'marginal propensity to save' and 'marginal propensity to consume', for which this chart is based off of, is somehow wrong? Interesting, perhaps you could write a paper about how the rich spend and the poor save and see if you don't get ridiculed for being an idiot.
 

RocksteadyDotNet

Diamond Member
Jul 29, 2008
3,152
1
0
I see, so it wasn't payouts only to those who paid little or no taxes, but to anyone.

Phokus seems to be fixated on giving money only to those who didn't pay taxes. A kind of redistribution circle jerk thing. It looks more like a tax rebate for the most part to me.

Yeah, I'm in California. The housing market is like that here, too.

Sorry, the payment only went to people who earn't under 80k.

Its not like a tax rebate because all the poor people wouldnt pay $1000 in tax, so they wouldnt get the payout.
 

Phokus

Lifer
Nov 20, 1999
22,994
779
126
I see, so it wasn't payouts only to those who paid little or no taxes, but to anyone.

Phokus seems to be fixated on giving money only to those who didn't pay taxes. A kind of redistribution circle jerk thing. It looks more like a tax rebate for the most part to me.

Yeah, I'm in California. The housing market is like that here, too.

I'm fixated on you blowing your load and thinking this somehow validates the GOP tax policies, when it clearly has NOTHING to do with it and these are the types of rebate Dems preach. Again, you're an idiot.
 

Phokus

Lifer
Nov 20, 1999
22,994
779
126
Seriously? His comment was racist?

You yourself admitted that multiculturalism and rampant illegal aliens is damaging to an economy.

I like how you claim to be a libertarian but most libertarians are for open borders. Man you're such a fucking fraud.
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
I dont want to take sides in the Amused v Phokus battle, but JS80 is a racist.

And a moron.

lol the guy from a homogeneous country that won't let anyone of colored skin in his country claiming multiculturalism is fail is calling the yellow man living in multicultural America a racist! HAH that is rich.
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
I like how you claim to be a libertarian but most libertarians are for open borders. Man you're such a fucking fraud.

Open borders work if you do not have a welfare state. If you have a welfare state, open borders fail. Is it really that hard to understand you racist elitist piece of shit?
 

Phokus

Lifer
Nov 20, 1999
22,994
779
126
lol the guy from a homogeneous country that won't let anyone of colored skin in his country claiming multiculturalism is fail is calling the yellow man living in multicultural America a racist! HAH that is rich.

Yes, clearly because you're asian means that you're not racist one bit.

You're that stupid.
 

RocksteadyDotNet

Diamond Member
Jul 29, 2008
3,152
1
0
lol the guy from a homogeneous country that won't let anyone of colored skin in his country claiming multiculturalism is fail is calling the yellow man living in multicultural America a racist! HAH that is rich.

We're not fuckin Japan.

We'd only be about 90% white.

That's a lot of foreigners.
 

Phokus

Lifer
Nov 20, 1999
22,994
779
126
Open borders work if you do not have a welfare state. If you have a welfare state, open borders fail. Is it really that hard to understand you racist elitist piece of shit?

Bahahaha, so you're claiming that if there was no welfare state you wouldn't mind all the mexicans? Give me a break, you lying piece of shit, everyone here knows you hate them.
 

Amused

Elite Member
Apr 14, 2001
56,512
16,230
146
I like how you claim to be a libertarian but most libertarians are for open borders. Man you're such a fucking fraud.

1. I never claimed to be a memeber of the party, only libertarian leaning.

2. The FUCK the party is for open borders.

3.4 Free Trade and Migration

We support the removal of governmental impediments to free trade. Political freedom and escape from tyranny demand that individuals not be unreasonably constrained by government in the crossing of political boundaries. Economic freedom demands the unrestricted movement of human
as well as financial capital across national borders. However, we support control over the entry into our country of foreign nationals who pose a credible threat to security, health or property.

http://www.lp.org/platform
 

Amused

Elite Member
Apr 14, 2001
56,512
16,230
146
I'm fixated on you blowing your load and thinking this somehow validates the GOP tax policies, when it clearly has NOTHING to do with it and these are the types of rebate Dems preach. Again, you're an idiot.

Sounds an awful lot like the Bush tax rebates to me. Oh, wait, it was.
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
Bahahaha, so you're claiming that if there was no welfare state you wouldn't mind all the mexicans? Give me a break, you lying piece of shit, everyone here knows you hate them.

I hate welfare anchors. The fact that they have brown skin is reflective of the fact that Mexico SHARES THE BORDER.

So yes, if there was no welfare state, I would not mind "all the mexicans."
 

manimal

Lifer
Mar 30, 2007
13,559
8
0
Great info on the state of Australia Rocket!

How has prices of food, gas, consumables in general been the last 6 months there?
 

Amused

Elite Member
Apr 14, 2001
56,512
16,230
146
For one thing, prove to me that the chief economist of moody's is biased.

Second, are you seriously suggesting that a well established economic idea of 'marginal propensity to save' and 'marginal propensity to consume', for which this chart is based off of, is somehow wrong? Interesting, perhaps you could write a paper about how the rich spend and the poor save and see if you don't get ridiculed for being an idiot.

Phokus. Care to show us the actual returns on the different parts of the stimulus?

Oh, wait...

As for Mark Zandi of Moody's? Now that's a fucking laugh riot.

Try this out for size:

The Abysmal Track Record of Moody’s Mark Zandi


http://www.ritholtz.com/blog/2010/09/zandi/
 
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