Winchester Posted March 12, 2014 Share Posted March 12, 2014 Pope Francis on trickle down economics: http://www.washingtonpost.com/business/economy/pope-francis-denounces-trickle-down-economic-theories-in-critique-of-inequality/2013/11/26/e17ffe4e-56b6-11e3-8304-caf30787c0a9_story.html Trusting people who willingly incinerate entire cities, execute women armed with infants, execute unarmed protesters, conduct science experiments on soldiers, poison alcohol supplies, throw Japanese Americans in prison camps, and engage in economic warfare that causes the starvation of innocents in foreign countries is apparently neither crude nor naive. Trickle down supporters never believed in free markets. They believed in a mixed economy and enjoyed granting special favors to corporations. Link to comment Share on other sites More sharing options...
Fidei Defensor Posted March 12, 2014 Share Posted March 12, 2014 Trusting people who willingly incinerate entire cities, execute women armed with infants, execute unarmed protesters, conduct science experiments on soldiers, poison alcohol supplies, throw Japanese Americans in prison camps, and engage in economic warfare that causes the starvation of innocents in foreign countries is apparently neither crude nor naive. Trickle down supporters never believed in free markets. They believed in a mixed economy and enjoyed granting special favors to corporations. Yes, I'm sure that's what he meant to say. Probably had a word limit, though, so he had to cut that bit out. Link to comment Share on other sites More sharing options...
CrossCuT Posted March 12, 2014 Share Posted March 12, 2014 Crosscut, if I haven't complimented you before for being honest and consistent (in your own way), let me do so now. Lol! Thanks ND. But yeah, I dont think its a odd request when considering we are conversing on a forum which is a more instant response style than an academic setting where one would be expected to read a book. Of course I am totally for reading books (I like them) but I would have to bow out of the conversation for a couple weeks before being able to respond to it. So Id rather,if possible, for people to respond in a more forum appropriate manner that involves summaries or quotes of main points if the document they are citing is very large. Link to comment Share on other sites More sharing options...
Winchester Posted March 12, 2014 Share Posted March 12, 2014 Yes, I'm sure that's what he meant to say. Probably had a word limit, though, so he had to cut that bit out. Unfortunately, the qualifiers went far above the heads of the entire frigging world. But even with good understanding of Catholic teaching, Francis seemed to have a vulgar understanding of the free market. No one who advocates the policies of trickle down economics can be considered a supporter of free markets. Link to comment Share on other sites More sharing options...
NotreDame Posted March 12, 2014 Share Posted March 12, 2014 Unfortunately, the qualifiers went far above the heads of the entire frigging world. But even with good understanding of Catholic teaching, Francis seemed to have a vulgar understanding of the free market. No one who advocates the policies of trickle down economics can be considered a supporter of free markets. And the translation sucked, which I pointed out on a thread here when it came out... Link to comment Share on other sites More sharing options...
havok579257 Posted March 12, 2014 Author Share Posted March 12, 2014 You have to parse out which taxes. Someone surviving off of interest from capital might well pay less in taxes. If you had a million sitting in the bank, you would have an income from it of around 50K. Is that rich, to you? What happens to money that goes to the government, anyway? Most of it is consumed by the bureaucracy and handed out to cronies. A relatively small amount trickles back to social welfare programs. We have to pay for the doubleplusgood democracy bombs, I guess. i was talking more along the lines of business don't have to pay any taxes on their business's. states such as kansas and missouri do this in hope of bringing jobs to the area, something they claim will happen. of course it doesn't and the rich business owner gets a tax break or not have to pay any tax to bring their business to a certain state. Link to comment Share on other sites More sharing options...
NotreDame Posted March 12, 2014 Share Posted March 12, 2014 Lol! Thanks ND. But yeah, I dont think its a odd request when considering we are conversing on a forum which is a more instant response style than an academic setting where one would be expected to read a book. Of course I am totally for reading books (I like them) but I would have to bow out of the conversation for a couple weeks before being able to respond to it. So Id rather,if possible, for people to respond in a more forum appropriate manner that involves summaries or quotes of main points if the document they are citing is very large. I did go through the trouble of writing you a nice summary on derivatives and CDO's without using any outside links, PDF's, tweets, gifs, or youtube videos :heart: Link to comment Share on other sites More sharing options...
Pliny Posted March 12, 2014 Share Posted March 12, 2014 i was talking more along the lines of business don't have to pay any taxes on their business's. states such as kansas and missouri do this in hope of bringing jobs to the area, something they claim will happen. of course it doesn't and the rich business owner gets a tax break or not have to pay any tax to bring their business to a certain state. Business owners pay taxes on the salaries they draw. They also pay corporate taxes to the federal government. Not all states tax corporations. So? That doesn't mean they pay no taxes. What is your solution to the "problem" that there are rich people? Link to comment Share on other sites More sharing options...
NotreDame Posted March 12, 2014 Share Posted March 12, 2014 What is your solution to the "problem" that there are rich people? Obama. Link to comment Share on other sites More sharing options...
add Posted March 12, 2014 Share Posted March 12, 2014 (edited) Obama. You mean the auspiciously well-off King Obama and his opulent royal family? Edited March 12, 2014 by add Link to comment Share on other sites More sharing options...
CrossCuT Posted March 12, 2014 Share Posted March 12, 2014 Is Capitalism perfect? No. End of thread. Link to comment Share on other sites More sharing options...
Pliny Posted March 12, 2014 Share Posted March 12, 2014 Not perfect but infinitely better than a government controlled economy. Link to comment Share on other sites More sharing options...
CrossCuT Posted March 12, 2014 Share Posted March 12, 2014 Not perfect but infinitely better than a government controlled economy. Everything is good until it goes bad and everything has its weakness. Capitalism is good for creating incentive and competition as well as managing financial ish. But i dont believe capitalism is good for social aspects such as education etc. Money is at the heart of capitalism, not people. Link to comment Share on other sites More sharing options...
havok579257 Posted March 12, 2014 Author Share Posted March 12, 2014 Business owners pay taxes on the salaries they draw. They also pay corporate taxes to the federal government. Not all states tax corporations. So? That doesn't mean they pay no taxes. What is your solution to the "problem" that there are rich people? my problem is rich people don not pay an equal share of taxes as the poor and middle class. they get special favors and tax cuts and tax money(look at almost any sports arena) for their business. they claim that without this they could not do business and they would lose money and shut down which is a load of crap. the nfl is a 9 billion dollar industry per year if they didn't get a ton of tax money for their stadiums they could still turn a profit. or the fact that business owners get tax breaks or tax dollars and then ship jobs out of the country because they can underpay 3rd world countries to do the same job because their are no labor laws in those countries. they can have children working and getting like 0.50 cents a day instead of keeping jobs here in america. or what else bothers me is we hear non stop about how unless they get tax breaks or tax money they can't hire people and it affects their ability to help jump start the economy. except unemployement stinks and profits are at near record numbers. so that's a lie. a poor to middle class person should never be paying more in taxes on their income than someone who holds a million dollars, % wise. the rich get extra breaks when they don't need them. the guy who needs a break is the guy who makes minimum wage and has to hold 3 jobs just to feed his family while the ceo of that company get a million dollar bonus a year and they demands he also get tax breaks for his million dollar company. Link to comment Share on other sites More sharing options...
havok579257 Posted March 12, 2014 Author Share Posted March 12, 2014 Obama. your delusional again if you don't think obama and his buddies are the rich people. they don't have any interest in helping the poor. they just say it to look good. where as the republicans just come out and say they don't want to help the poor. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now