Liberals Overreact: The Economy is fine

[Nebor]

I'm just waiting for my boss to quit so I can steal his sweet chair.

Trickle down ergonomics.

 

[Nebor]

You guys are missing the point. First of all there's all the people that are employed in the manufacture, transport and sale of these cars. Then there's the tariffs and taxes collected. Which aren't insignificant.

In fact, if more people in this thread would put their money where their mouth is and buy a Ferrari, we probably wouldn't be in the debt crisis we're in due to all the increased tax revenue to the government.

 

[brencat]

Trickle down economics is where economic frustration and generalized rage results is the election of folk like the tea party who piss on the nation. We have so much self hate we just can't wait to fuck ourselves.

How did you ever get to be ranked an 'Elite member' with the crap you post?

 

[fantolay]

Why should extremely wealthy and successful people have to take care of everyone else? Where is the incentive to work hard and earn a living going to come from if everyone gets handouts all the time? Why do people feel this entitlement?

For some reason everyone thinks that the rich are crooks and should have to pick up everyone elses slack.

 

[Macamus Prime]

For some reason everyone thinks that the rich are crooks

eh,... the rich ARE crooks.

http://en.wikipedia.org/wiki/UBS

In July 2008, a United States Senate panel accused Swiss banks, including UBS and LGT Group, of helping wealthy Americans evade taxes through offshore accounts. U.S. clients held about 19,000 accounts at UBS, with an estimated $18 billion to $20 billion in assets, in Switzerland, according to the findings.

http://en.wikipedia.org/wiki/Bernard_Madoff

about $36 billion was invested into the scam

http://en.wikipedia.org/wiki/Enron_scandal
These cats spooned the capital markets. Investment management firms made billions off of bets on Enron - and, they KNEW they were full of shit. But, they kept playing with Enron, because Enron execs assured them nothing could/would go wrong.

The list goes on and on and on. And, it will continue to grow. The rich are constantly ripping people off. That is how they are getting rich. What, just because someone "works hard" that means they are "right" in their actions? They plot, scheme and break laws to get their wealth.

Do you honestly expect us to believe the rich got rich by honest and legit work?

 

[Rainsford]

Why should extremely wealthy and successful people have to take care of everyone else? Where is the incentive to work hard and earn a living going to come from if everyone gets handouts all the time? Why do people feel this entitlement?

For some reason everyone thinks that the rich are crooks and should have to pick up everyone elses slack.

I never quite understood this "incentive" argument, as if a marginal tax rate increase is equivalent to taxing higher incomes at 100%. Like someone would rather be taxed at 20% on $50,000 per year rather than 40% on $5,000,000 per year. For being rich, successful people, you sure seem to think they're bad at math Raising taxes on the rich will probably still enable them to buy more Ferraris than the average person will ever be able to, sounds like there's still plenty of incentive left to me.

Not that this is an argument for higher taxes on the rich all by itself. But the idea that tax policy should be all about incentivizing rich people seems really silly to me.

 

[Gardener]

Trickle up poverty (socialism) - when the poor urinate on the middle/upper classes and Democrats publicly proclaim, 'see? It works!'

Do us all a favor and kill yourself, already.

 

[Matt1970]

Typical Liberal Whining. If someone is Rich it means they did so at the expense of the middle class.

 

[Doc Savage Fan]

Do us all a favor and kill yourself, already.

Ah...so you actually think you understand where I was coming from...how cute.

 

[Jhhnn]

Typical Liberal Whining. If someone is Rich it means they did so at the expense of the middle class.

All you need to do to see that it's true is to observe the radical 30 year shift to the top wrt shares of national income...

http://www.taxfoundation.org/news/show/250.html

While effective top tier tax rates fell by a third...

Don't even look at it- you won't find any confirmation bias, and you're probably not very good at math...

Gotta luv the link wrt HSBC- Huge profits & bonus layoffs, too. What's the point of being rich if you can't enjoy screwing the little guy, anyway?

 

[Matt1970]

All you need to do to see that it's true is to observe the radical 30 year shift to the top wrt shares of national income...

http://www.taxfoundation.org/news/show/250.html

While effective top tier tax rates fell by a third...

Don't even look at it- you won't find any confirmation bias, and you're probably not very good at math...

Gotta luv the link wrt HSBC- Huge profits & bonus layoffs, too. What's the point of being rich if you can't enjoy screwing the little guy, anyway?

So what then? Go back to 70% tax rate? Opportunity is there for anyone to make it big, I guess it is easier to just bitch about other people's success.

 

[Moonbeam]

I think God just hates you. Seems like the only explanation.

Given the acuity of your diagnostic tools that isn't surprising.

 

[Macamus Prime]

So what then? Go back to 70% tax rate? Opportunity is there for anyone to make it big, I guess it is easier to just bitch about other people's success.

There is no bitching here. It's stating a very simple fact and calling out lap dogs like you; the rich rip people off. Be it other rich, middle class or the poor - they are ripping people off.

I don't remember stating anywhere that the rich are ripping the middle class off. In this very thread, I clearly stated that the rich are ripping people off. You seem to think I was just talking about a specific group.

That is not the case.

And, there seems to be a disturbing agreement amongst the capitalist zombies on these forums; opportunity = good.

So, all the Enrons, Madoffs and whoever else is next is a good thing? Which means, there are tons of bad things occuring every second of the day - that have yet to be discovered or caught, they are "good" and it boils down to; it ain't a crime if you don't get caught.

Facinating!

Bending & shattering morality for the purposes of gaining money. So, the risks of going down this path; ruining the global economy and destorying lives (well,... most of you scum bags don't care about that, but it IS happening) - don't mean anything. But, it's a clear show stopper if you get busted.

Wonderful mentality. Now I know why certain things happen to "good" people. Or, in most cases, will happen.

 

[Jhhnn]

So what then? Go back to 70% tax rate? Opportunity is there for anyone to make it big, I guess it is easier to just bitch about other people's success.

Lots of people "made it big" pre-Reagan, in the period following WW2. The top 1% was still the top 1%, and the ultra wealthy were still ultra wealthy, just not to the degree that they are today. People still "make it big" in countries with much higher top tier tax rates than our own.

The notion that opportunity is as great in an oligarchy as in a more egalitarian society is, was, and always will be absurd. The notion that the accumulation of great wealth by a few benefits society as a whole is equally absurd, despite the pretty dress & strapless pumps trappings of trickledown economics. Mobutu was one of the world's wealthiest men, even as his country remained one of the world's poorest.

Figure it out. The more that the very, very, very few at the top have for themselves, the less there is for everybody else. when that gets way out of balance, broad based opportunity vanishes into brain-dead mythology. The frontier closed over 100 years ago- there is no infinite pie.

 

[z1ggy]

I love reading the P&N threads sometimes. So much entertainment. You get liberals complaining about all the scummy rich people raping our economy, and then republicans who bitch as dems for wanting to tax the shit out of everyone and everything and for spending a shit ton of money. Everybody is guilty of fucking things up. As long as we have a free market economy, there will always be rich and poor. Nobody can be right here as there is always another side to the story. I never get why people can put there ego and hubris aside and just come together to try to find the best solutions for our main issues.

 

[Matt1970]

Figure it out. The more that the very, very, very few at the top have for themselves, the less there is for everybody else. when that gets way out of balance, broad based opportunity vanishes into brain-dead mythology. The frontier closed over 100 years ago- there is no infinite pie.

Except it is not a zero sum game. Just because one person prospers doesn't mean someone has to fail.

 

[Bitek]

Is the OP serious? We are teetering on the brink of recession, wallowing in debt we can't rid off, unemployment is high and rising, incomes are flat or falling and the Eurozone is about to crater.

But yeah, I guess everything is peachy.

Oh, about Italy.. have you seen what the bond spreads vs Germany are doing? Rome is about to go Greek.

 

[Nebor]

Is the OP serious? We are teetering on the brink of recession, wallowing in debt we can't rid off, unemployment is high and rising, incomes are flat or falling and the Eurozone is about to crater.

Then how do you explain record sales at Ferrari?

 

[MovingTarget]

Then how do you explain record sales at Ferrari?

Record sales of Ferarris does not indicate that conditions are improving for the rest of the populace. Record sales of Fords would be a much better indicator.

:whiste:

 

[artikk]

Why do you use the fact that Ferrari is doing well financially to interpret that the entire US economy is doing well? Where's the link? Oh I forgot you're a troll.

 

[MomentsofSanity]

Then how do you explain record sales at Ferrari?

939 cars across across North America. 340,000,000 people. Can you do percentages?

At first I thought this was a pure troll thread but now I think you might actually believe this argument.

 

[Nebor]

939 cars across across North America. 340,000,000 people. Can you do percentages?

At first I thought this was a pure troll thread but now I think you might actually believe this argument.

Like I said if you look at the tariffs and taxes associated with Ferraris, they're great for the government. If more people would buy them we wouldn't have the debt crisis that we're dealing with because the government would be flush with cash.

 

[MomentsofSanity]

Like I said if you look at the tariffs and taxes associated with Ferraris, they're great for the government. If more people would buy them we wouldn't have the debt crisis that we're dealing with because the government would be flush with cash.

Guess we'd need corporations to jump off the mountain of cash they are sitting on and to pay their workers better to do that but clearly that will never happen. Guess the service sector economy will have to buy their Ferrari's with tips.

 

[Nebor]

Guess we'd need corporations to jump off the mountain of cash they are sitting on and to pay their workers better to do that but clearly that will never happen. Guess the service sector economy will have to buy their Ferrari's with tips.

No one's willing to part ways with their cash under the business practices of the current administration. At least not for any uncertain investments.

The service sector is notorious for not reporting (and thus paying taxes) on all their income (tips.) If we either outlawed cash tips, or came up with some other way of accurately gauging cash tips for tax purposes, we probably wouldn't be in this debt crisis.

 

[Ausm]

FTFY: The economy is fine (for the rich).

The Economy is fine for Corporations too.