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mac
Joined: 07 Mar 1999
Posts: 17747
Location: Berkeley, California
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 Posted: Wed Apr 17, 2019 1:33 pm Post subject: |
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| Hardfly cornered. You have ignored my criticisms of your article with vigor but little skill. |
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techno900
Joined: 28 Mar 2001
Posts: 4161
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| Posted: Wed Apr 17, 2019 1:34 pm Post subject: |
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| see the added sentence on my previous post. And let's see if you are capable of rational debate. |
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nw30
Joined: 21 Dec 2008
Posts: 6485
Location: The eye of the universe, Cen. Cal. coast
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| Posted: Wed Apr 17, 2019 1:45 pm Post subject: |
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| mac won't do it, there is no such thing as a challenge in "hardfly's" world, that can't be put down with a simple snide remark instead, because it's so much easier. |
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mat-ty
Joined: 07 Jul 2007
Posts: 7850
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| Posted: Wed Apr 17, 2019 3:06 pm Post subject: |
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lol....he's a fall down drunk, his ship has SANK...many gin and tonics ago. |
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real-human
Joined: 02 Jul 2011
Posts: 14885
Location: on earth
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MalibuGuru
Joined: 11 Nov 1993
Posts: 9300
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| Posted: Sun May 19, 2019 12:50 pm Post subject: |
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| Ahh, |
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mac
Joined: 07 Mar 1999
Posts: 17747
Location: Berkeley, California
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| Posted: Sun May 19, 2019 3:00 pm Post subject: |
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somehow iwindsurf clipped this. See below
Last edited by mac on Sun May 19, 2019 5:04 pm; edited 1 time in total |
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mac
Joined: 07 Mar 1999
Posts: 17747
Location: Berkeley, California
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| Posted: Sun May 19, 2019 3:09 pm Post subject: |
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Sometimes I wonder if techno actually reads his citations. Like this posting:
| Quote: | Yes, the highest tax rate in the 50's was 90%, but there is more to the story.
Quote:
Real tax rates were a lot lower. Even Levine concedes that “not many people paid that much. Only three baseball players — Ted Williams, Joe DiMaggio and Willie Mays — got there.” Indeed, the top effective tax rate was probably somewhere between 50-60% because of a tax code full of loopholes. Now, that’s still higher than today’s top effective tax rate of around 30%. But those 1950s tax rates actually generated less tax revenue than subsequent periods of lower rates. From 1950 to 1963, income tax revenue averaged 7.5 percent of GDP; that’s less than in the Reagan years when rates were being slashed. This could suggest that rates are right around the Laffer Curve equilibrium point in the current economy. Indeed, the following chart from the WSJ makes this calculation over a variety of time periods:
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http://www.aei.org/publication/why-we-cant-go-back-to-sky-high-1950s-tax-rates/
As noted here earlier, the actual rate of taxation was nowhere near 90%--that rate only applied to the marginal income of the top earners, and few fell into that category. The actual rate was about 42%. As also noted here earlier, I supported the Kennedy tax cuts, but I opposed those of Reagan, Bush, Obama and Trump because they were fiscally irresponsible, and have resulted in inflation--which is, in effect, a regressive tax.
But techno's citation includes references to Thomas Pikety, dismissed by conservatives as a "socialist." The following is a review of his seminal book:
| Quote: | | Thomas Piketty's "Capital in the 21st century" has been the most important book economy in recent times. Its aim integrates the debate theories of growth, income distribution, inequality and differences between the extremes income and income of the majority. The work predicts a slow increase in the share of capital income and inequality. His proposal for a global tax on capital is a way to evaluate such tendencies |
All of this is relevant to the 2020 campaign because inequality is nearly as high as it has ever been, and concentration of economic power and tax cuts seem to be the chief causes. In previous eras, that has been a major issue in Presidential elections, specifically of the two Roosevelts. Here's what Teddy ran on:
| Quote: | The Campaign and Election of 1904:
After Roosevelt acceded to the presidency in 1901, he soon began to think about how to win election as President in his own right. He realized that although he did not always agree with conservative Republicans in Congress, he needed their support in order to win the nomination in 1904. To that end, he worked out an understanding with legislators, especially Senator Nelson W. Aldrich of Rhode Island, which gave him a free hand in foreign affairs in return for holding back the more progressive items of his domestic agenda. But TR did not refrain from using the executive office to break up monopolies, such as the Northern Securities Company, to mediate in labor disputes between unions and management, as he did in the coal miners' strike in 1902, and to use the White House as a "bully pulpit," from which he lectured the nation on how government should regulate big business. Fearful that his anti-corporate sentiments had soured party bosses, Roosevelt toned down his rhetoric in 1903. Most importantly, he was able to place his people in key party positions and maneuvered Mark Hanna, now the Chairman of the Republican National Committee, to endorse his candidacy several months prior to the 1904 convention. Then TR turned to the public, holding press conferences, launching a national tour of western states that lasted for thirty days, and boldly issuing an executive order that provided pensions for all veterans between the ages of sixty-two and sixty-seven. |
Last edited by mac on Sun May 19, 2019 5:05 pm; edited 1 time in total |
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real-human
Joined: 02 Jul 2011
Posts: 14885
Location: on earth
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| Posted: Sun May 19, 2019 3:28 pm Post subject: |
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trump was hollywood.... thats where he made most if not all of his legitimate money... and more daaaaa
the homeless rate went from declining to increasing,
the largest deficit in the history of mankind,
huge tax giveaway to increase the deficit yet spending like a drunken sailor.
inherited the best economy in history...
did not increase job growth rate... even with the deficit spending record... he did increase the homeless rate.
just continued Obamas strategy that was instituted before he arrived on ISIS but he is cutting and running in afganistan and now the Taliban control an estimated 70-80 pecent of afganistan.
allows russia to attack us everyday with high fives to Putin a guy who eliminates his enemies anyplace in the world. gets down on his hands and knees to worship Putin and other mass murderers he loves.
More hostages were taken... offered bribes to get hostages home. remember arms for hostages...
serail adulterer, paying off illeglly his madams
lost a billion dollars about 10 years more by double than any person in the entire USA.
more lies than any human in the world. said sugar daddy only loaned him a million and he paid it back. lie lie lie...
told us no one ever contacted russia to meddle in the election, we find 160 plus cases that they lied about.
obstruction of justice, pardons for lies...
molested his campaign worker or workers, raped many females including a child.
best friend a serial convicted pedophile...
announced to the poor of central America that there is no wall and the USA is vulnerable to cause a huge influx of people that did not know how easy it had been since our founding. again this is trump telling hey come on up and the numbers show it.
put children in cages and let them die...
_________________
when good people stay silent the right wing are the only ones heard. |
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nw30
Joined: 21 Dec 2008
Posts: 6485
Location: The eye of the universe, Cen. Cal. coast
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| Posted: Sun May 19, 2019 4:22 pm Post subject: |
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| Just about this time, four years ago, the three top contenders. |
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