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The Economy Thread

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SuBe said:
Then tell them to work hard and innovate more.
Click to expand...
Yeah, that might work in a free market. What we have is NOT a free market. Work hard and innovate more? Even if you do have an innovative idea, our current system in America forces entrepreneurs to outsource and start their businesses in countries like China. For example, in the US, to start a business and get production going it would not only be extremely costly due to the need for permits, licenses, etc., but it would also be quite time consuming (if you have an innovative idea, time is of the essence). If you were to start a business in China however, you could be up and running in a matter of weeks.

Also, of course the top 1% grows vastly more than the bottom 99%. Why? Part of the reason is that 100% of our income tax goes to paying the interest on the national debt. Who gets that money? Bankers.

So, our income tax takes money from everyone in America from the very richest to the very poorest and gives it to the very richest on Earth. THAT is why the income tax is complete ********.

So yeah, it's not quite as simple as "Tell everyone to be more innovative." How about, "Tell all the stupid people to just stay home next election year. The smart people will do the thinking for them."
 
Mr. Green said:
Yeah, that might work in a free market. What we have is NOT a free market. Work hard and innovate more? Even if you do have an innovative idea, our current system in America forces entrepreneurs to outsource and start their businesses in countries like China. For example, in the US, to start a business and get production going it would not only be extremely costly due to the need for permits, licenses, etc., but it would also be quite time consuming (if you have an innovative idea, time is of the essence). If you were to start a business in China however, you could be up and running in a matter of weeks.

Also, of course the top 1% grows vastly more than the bottom 99%. Why? Part of the reason is that 100% of our income tax goes to paying the interest on the national debt. Who gets that money? Bankers.

So, our income tax takes money from everyone in America from the very richest to the very poorest and gives it to the very richest on Earth. THAT is why the income tax is complete ********.

So yeah, it's not quite as simple as "Tell everyone to be more innovative." How about, "Tell all the stupid people to just stay home next election year. The smart people will do the thinking for them."
Click to expand...

Oh it's more of a free market than a manged one. It's just that what you described is the end result.
 
No it's not. It's not even close to what a free market is. We are stripped COMPLETELY of everything necessary for a free market to thrive.
 
well in tough times like these, investors and banks are hesitant about putting money out there for a small or start up business...because people won't take risks when times are tough...good example, there was a small restaurant/pizza place that opened up like 2 streets over from me last June.....and it was closed by March, reason being because no one is going to spend money in a place they don't know when they are striving to save every cent
 
It's accurate if your talking about national bankers like the Rockefellers. In that case, not only do they benefit financially in times like these but they engineer the entire economic collapse in the first place. It's beyond immoral.
BlackLantern said:
well in tough times like these, investors and banks are hesitant about putting money out there for a small or start up business...because people won't take risks when times are tough...good example, there was a small restaurant/pizza place that opened up like 2 streets over from me last June.....and it was closed by March, reason being because no one is going to spend money in a place they don't know when they are striving to save every cent
Click to expand...
That's true and a good point. However, I was referring more to regulations which hurt small business entrepreneurs despite the economic climate.
 
Hobodeluxe said:
Looks like cash for clunkers is a hit. 42,000 jobs saved or created.
Click to expand...

How are they going to get paid for the next 3 - 6 months?

Even the small dealership on average are out $100,000 to $300,000 some of the larger dealerships over a million until they are paid back....????

What is going to happen when that guy that bought a new car with a $300.00 a month car note realizes the reason why he was still driving the old clunker.......he can't afford $300.00 a month along with the extra insurance he now has to pay.....since he has to have comprehensive.....and he didn't before.
 
TAXING THE TAR OUT OF THE ACHIEVERS

By
Neal Boortz
@ September 2, 2009 8:22 AM

Don't think that this isn't already happening in America, folks. Business, entrepreneurs, the achievers, the job creators can only last so long under an oppressive tax system. When I say "oppressive" I mean a system that punished achievement. While our tax system is nothing to brag about, the UK has income tax rates topping out at 50%.


What's the result? Brain drain. According to a survey by a leading accounting firm, one out of every five entrepreneurs says that they would not start a business again under the present system in Great Britain. At that, 90% believe that the UK is at "serious risk of brain drain" because of tax increases. Out of the 350 small businesses questioned, 89% believes that business talent will move abroad seeking more favorable conditions, and 12% say that there is a significant chance that they would move their own business.

Nigel May of the accounting firm MacIntyre Hudson says, "The Government's optimistic forecasts for recovery are based on the assumption that Britain's entrepreneurs will continue to innovate, build, work and take risk as they have before ... What the Chancellor may have overlooked is that these essential activities for future growth rely on the very people his so-called 'targeted' tax rises hit the hardest."

That is exactly what I have been saying about Barack Obama and the Democrats in this country. Their economic principals are flawed ... you can't tax people who make over $250,000 and expect our economy to recover. These are small business owners who create most of the jobs in this country. These are the people who provide paychecks. Who invest in our economy. Who donate to charity.

This is why the FairTax is so appealing to businesses. Tax burdens do make an impact on business owners. Without our imperial federal tax structure, trillions of dollars could return to this country. Imagine what THAT would do for our economy?
 
Hobodeluxe said:
Looks like cash for clunkers is a hit. 42,000 jobs saved or created.
Click to expand...
I love it when people do this:doh:

Most dealerships haven't even been paid yet because of all the stupid paperwork/red tape they had to go through. Some dealers have warehouses full of clunkers that haven't even been picked up yet. GOOO GOVERNMENT!!!

Also, that one program caused a spike for one time. Now, auto sales will go back down and we will be back where we were. How did a one time deal create more jobs? Why would the auto company now make more cars when the people that utilized the program now are not going to buy another car for a long time? We are still in a recession, tons of people are still not out buying cars. If the economy does not recover soon, they will be fired. Plus, forecasters are seeing more bad ahead.
 
SuBe said:
TAXING THE TAR OUT OF THE ACHIEVERS

By
Neal Boortz
@ September 2, 2009 8:22 AM

Don't think that this isn't already happening in America, folks. Business, entrepreneurs, the achievers, the job creators can only last so long under an oppressive tax system. When I say "oppressive" I mean a system that punished achievement. While our tax system is nothing to brag about, the UK has income tax rates topping out at 50%.


What's the result? Brain drain. According to a survey by a leading accounting firm, one out of every five entrepreneurs says that they would not start a business again under the present system in Great Britain. At that, 90% believe that the UK is at "serious risk of brain drain" because of tax increases. Out of the 350 small businesses questioned, 89% believes that business talent will move abroad seeking more favorable conditions, and 12% say that there is a significant chance that they would move their own business.

Nigel May of the accounting firm MacIntyre Hudson says, "The Government's optimistic forecasts for recovery are based on the assumption that Britain's entrepreneurs will continue to innovate, build, work and take risk as they have before ... What the Chancellor may have overlooked is that these essential activities for future growth rely on the very people his so-called 'targeted' tax rises hit the hardest."

That is exactly what I have been saying about Barack Obama and the Democrats in this country. Their economic principals are flawed ... you can't tax people who make over $250,000 and expect our economy to recover. These are small business owners who create most of the jobs in this country. These are the people who provide paychecks. Who invest in our economy. Who donate to charity.

This is why the FairTax is so appealing to businesses. Tax burdens do make an impact on business owners. Without our imperial federal tax structure, trillions of dollars could return to this country. Imagine what THAT would do for our economy?
Click to expand...

It is a pretty well known fact that taxes stifle growth, innovation and entrepreneurship. Of course the democrats know this. But, they simply don't care. Politicans can't see farther ahead then the next reelection campaign. Career politicians are some of the most dangerous individuals in the country.
 
I totally agree ....
 
So you think Trickle Down works?


Please. That would work if the richest people in the world were benevolent.


But they have to have that 45th luxury car and the 4th house in the Hamptons.



:thing: :doom: :thing:
 
Franklin Richards said:
So you think Trickle Down works?


Please. That would work if the richest people in the world were benevolent.


But they have to have that 45th luxury car and the 4th house in the Hamptons.



:thing: :doom: :thing:
Click to expand...

1. They don't have to be...it's their money

2. who are you to tell them what they should and shouldn't have??
 
it's a legitimate question that I have asked you at least three times and you've never provided a straight answer...just snark and sarcasm...

we can say that people should donate more to charity or should volunteer or should help those less fortunate...but that's a question of morality
 
Franklin Richards said:
I guess I'm one of the people on the other side of the class war.


Does that finally answer your question?



:thing: :doom: :thing:
Click to expand...

No...you sound like someone who wants to be given something for free that others have had to work for

a good amount of people just WANT what the more fortunate have, not be given the opportunity to work for it
 
You're running on the concept that the more fortunate had to work they're ass off for what they've got. Which isn't always the case.
 
Why do you keep trying to make this personal?

I've never said I wanted something I haven't earned. My stance is that Carpetbaggers and Snake Oil Salesmen shouldn't be running our economy. I don't want a laissez-faire system where everyone let's the buyer beware. I don't want savvy businessmen preying on the stupid and massing 85% of the nations wealth. I don't want the Super Rich to live in their ivory towers while most of the nation wallows in filth.

So don't try to pin some lazy ass tag on me because I've worked just as hard as you have during my life and I don't appreciate your ****ing implications.


:thing: :doom: :thing:
 
Franklin Richards said:
Why do you keep trying to make this personal?

I've never said I wanted something I haven't earned. My stance is that Carpetbaggers and Snake Oil Salesmen shouldn't be running our economy. I don't want a laissez-faire system where everyone let's the buyer beware. I don't want savvy businessmen preying on the stupid and massing 85% of the nations wealth. I don't want the Super Rich to live in their ivory towers while most of the nation wallows in filth.

So don't try to pin some lazy ass tag on me because I've worked just as hard as you have during my life and I don't appreciate your ****ing implications.


:thing: :doom: :thing:
Click to expand...

than people should take the time to educate themselves financially...Im right in the middle, Im single, not married, i make ok money, but I budget and I live within my means...I dont have credit cards and no debt other than rent and my monthly bills...a portion of the problem is that americans don't want to live within their means...that's what generates debt and it snowballs from there...and Id blame the previous administration for a good chunk of pushing that mindset
 
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