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Debates Forum

Debates Forum

  1. 24 Nov '12 11:01
    Some say if the rich had to spend some of the wealth they have accumulated it would stimulate the economy. Others say the rich are already being taxed too much and that is not the solution.

    Who needs to spend more and what is the best way to get them to do it?
  2. 24 Nov '12 11:35 / 1 edit
    No one "needs" to spend more. Resources should be allocated in such a way as to provide optimal utility. Tax policy will influence the allocation of resources. Whether a shift in tax policy will ultimately cause the allocation of resources to be more or less effective depends on the specifics of the tax policy and the situation in which it is applied.
  3. 24 Nov '12 14:28
    Originally posted by KazetNagorra
    No one "needs" to spend more. Resources should be allocated in such a way as to provide optimal utility. Tax policy will influence the allocation of resources. Whether a shift in tax policy will ultimately cause the allocation of resources to be more or less effective depends on the specifics of the tax policy and the situation in which it is applied.
    So you think government should determine the allocation of resources with tax policy? Is that what you are saying?
  4. 24 Nov '12 15:50
    Originally posted by Metal Brain
    So you think government should determine the allocation of resources with tax policy? Is that what you are saying?
    The government is the only entity that, by definiton, can set tax rates, and tax rates influence the allocation of resources. I'm not sure what you are asking me here.
  5. 24 Nov '12 17:00
    Originally posted by Metal Brain
    Some say if the rich had to spend some of the wealth they have accumulated it would stimulate the economy. Others say the rich are already being taxed too much and that is not the solution.

    Who needs to spend more and what is the best way to get them to do it?
    Is another person's money any concern of yours?

    Do you have a right to another person's money?

    If the answer to either one of those two questions is yes, then your point of view is totally screwed up. Either you've been duped by the Communist values injected into the Western World or your are just one of those totally screwed up people.
  6. 24 Nov '12 17:08 / 1 edit
    Originally posted by Eladar
    Is another person's money any concern of yours?

    Do you have a right to another person's money?

    If the answer to either one of those two questions is yes, then your point of view is totally screwed up. Either you've been duped by the Communist values injected into the Western World or your are just one of those totally screwed up people.
    communist values? please tell the forum what those communist values are? you
    people are suffering psychoneurotic hysteria.
  7. 24 Nov '12 17:16
    Originally posted by robbie carrobie
    communist values? please tell the forum what those communist values are? you
    people are suffering psychoneurotic hysteria.
    Communist values are that you deserve another person's money. Life would only be better if you have another person's money. Instead of self reliance and a willingness to work to achieve you simply want to use the power of the government to take from others to give to yourself!

    Other signs that you've accepted the Communist ideals:

    Godless society- The government should assume that God does not exist when making its laws.

    Eradication of private property- All companies are public, there is no such thing as a private business because you have to deal with the public to do business. This gives others the right to use the government to manimpulate what used to be considered private business decisions. If you believe that the only private property that exists is a person's home, then you have gone down the road of accepting one of the Communistic ideals.
  8. Standard member sasquatch672
    Don't Like It Leave
    24 Nov '12 17:25
    Originally posted by Metal Brain
    Some say if the rich had to spend some of the wealth they have accumulated it would stimulate the economy. Others say the rich are already being taxed too much and that is not the solution.

    Who needs to spend more and what is the best way to get them to do it?
    Without question, the wealthy are hoarding money. Corporations are sitting on about $1.2 trillion in cash right now. The tremendous amount of regulatory and legislative uncertainty associated with the Obama administration is having a chilling effect on corporate investment.
  9. Subscriber no1marauder
    It's Nice to Be Nice
    24 Nov '12 17:30
    Originally posted by sasquatch672
    Without question, the wealthy are hoarding money. Corporations are sitting on about $1.2 trillion in cash right now. The tremendous amount of regulatory and legislative uncertainty associated with the Obama administration is having a chilling effect on corporate investment.
    Yes, Obama has made the country so socialistic and communistic that corporations don't know what to do with the $1.2 trillion in cash they have accumulated during his administration.
  10. 24 Nov '12 17:39 / 3 edits
    Originally posted by Eladar
    Communist values are that you deserve another person's money. Life would only be better if you have another person's money. Instead of self reliance and a willingness to work to achieve you simply want to use the power of the government to take from others to give to yourself!

    Other signs that you've accepted the Communist ideals:

    Godless society- The ...[text shortened]... person's home, then you have gone down the road of accepting one of the Communistic ideals.
    Communist values are that you deserve another person's money. Life would only be
    better if you have another person's money. Instead of self reliance and a willingness
    to work to achieve you simply want to use the power of the government to take
    from others to give to yourself! - Eladar

    bwhahahaha, that's got to be the funniest thing I read today, here is a definition of
    some principles that would define a communist society, see if you are able to
    employ your powers of discernment and determine how it diverges from your pre
    conceptions. I won't call them prejudices yet.

    1. A communist society would have no governments, countries, or class divisions
    2. A communist society would be a moneyless society.
  11. Subscriber no1marauder
    It's Nice to Be Nice
    24 Nov '12 18:39
    Throughout Obama's first term, investment was ahead of other economic indicators:

    During the 2007-09 recession, businesses cut back sharply on all kinds of spending. But investment helped propel the recovery, growing faster than the rest of the economy from the second half of 2009, once the recession ended, through the first half of this year. That helped many companies boost productivity and profits without adding new workers.

    BUT:

    The pattern changed in the third quarter, when business investment fell at a seasonally adjusted annual rate of 1.3%, according to a preliminary estimate from the Commerce Department. The latest drop included a decline in investment in structures, such as buildings, at a 4.4% annual rate. Investment in equipment and software stalled after growing at a roughly 5% annual pace in the first six months of the year.

    http://online.wsj.com/article/SB10001424127887324595904578123593211825394.html
  12. 24 Nov '12 18:39
    Originally posted by Eladar
    Is another person's money any concern of yours?

    Do you have a right to another person's money?

    If the answer to either one of those two questions is yes, then your point of view is totally screwed up. Either you've been duped by the Communist values injected into the Western World or your are just one of those totally screwed up people.
    Does that mean you advocate the flat tax?

    A progressive income tax rate is communist? Is that what you are saying? Government allocates the money to pay for stuff. Social programs make up some of that. Kazetnagorra likes that sort of thing. Is he communist IYO?
  13. 24 Nov '12 22:16
    Originally posted by Eladar
    Is another person's money any concern of yours?

    Do you have a right to another person's money?

    If the answer to either one of those two questions is yes, then your point of view is totally screwed up. Either you've been duped by the Communist values injected into the Western World or your are just one of those totally screwed up people.
    I think you are a bit confused. A government uses "other people's money" and uses it for various things (collective goods, imports). The government is a "concern" of everyone in a democracy. So by definition people have a say about other people's money in any form of democracy.
  14. 24 Nov '12 23:06
    Originally posted by no1marauder
    Yes, Obama has made the country so socialistic and communistic that corporations don't know what to do with the $1.2 trillion in cash they have accumulated during his administration.
    That has got to be one of your best replies.
  15. 24 Nov '12 23:12
    Originally posted by moon1969
    That has got to be one of your best replies.
    Once you give your money to the bank, the government or your friend, its no longer
    your money. Its the banks, the governments and your friends money. These people
    who harp on about tax payers dollars would do well to do an accountancy course.