Quote from: Jen on January 16, 2010, 01:45:53 AM
This is kind of into the "well that's your opinion" stage, but this idea that Democrats "play with your money" more than Republicans is a misnomer imo. Regardless of which party is in power the money gets spent, the only difference is where it goes. In fact, over the last 30 years, not counting Obama's first year, the national debt to GDP ratio has gone up under Republicans and down under Democrats, and has gone up sharply under the Republican Presidents.
There's a secret to that - where spending bills originate.
During the last 30 years, spending has gone down by that measure exactly one time - while Newt Gingrich was speaker of the House. that happened to be while Clinton was in office so he gets to brag about it but the correlation between the spending curve and who's in office correlates much better with Gingrich than with any president.
which is to be expected since Constitutionally spending originates in the House.
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So, would you rather money be spent on infrastructure, arts, and social programs etc., or defense and lining the pockets of the elite and super-rich?
I reject the supposition that only the GOP lines the pockets of their buddies. the argument about defense vs. arts and social programs is a valid comparison, but both parties are equally guilty of funneling federal largess to their buddies. Corporate and otherwise.
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Also- this is a simplified point about a very complex system- but I wish people saw that money tends to flow up, not down, through the economy. It's far more beneficial when you think of money as being the lifeblood of the economy to administer it to people who need it, who will spend it not sock it away. What's a billionaire going to do with another million dollars? Not spend it, that's what.
this too is a concept I reject. It's not demonstrated by past economic adjustments.
If you give me 10% money, I'll spend it and not save it, this is true and this does produce a measure of economic activity.
But if a Billionaire gets 10% more money he does NOT "sock it away" - he didn't get to be a billionaire by NOT making his money work for him. No, Ask any Billionaire how much cash he can put his hands on in the next hour - it ain't billions. Rather, his money is at work making him MORE MONEY (which is how he got to be a billionaire).
He will invest it - which puts major funds into the economy to generate economic activity
Or he'll spend it on his business, which ultimately puts money into the pockets of many employees of his companies and the secondary and tertiary (etc) suppliers he deals with.
All of which create multiple layers of economic activity (TAXABLE activities most of the time) and all that money eventually ends up in the hands of working people at the bottom.
True, this doesn't directly put any money in the hands of the unemployed, but otherwise, you get AT A MINIMUM the same economic influence you get from a "bottom up" strategy. I've seen compelling arguments that you get considerably more.
Plus, you have less chance of creating dependency.
I suspect there is an income level who's first instinct will be to sit on the money, but I don't think that's the billionaires any more than it is the poor. As a guess it's probably the folks in the 100-250k range. Though even they will "sock it away" by investing it in the market which DOES put dollars into the economy.
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So, depending on the specifics, distributed wealth is not nearly as bad for the economy as you may think, imo.
No, I don't think that government distributing wealth is bad for the economy....I simply think it's the most inefficient way to help it. Government is immune to market forces so it is ham-handed about how it spends "its" money. It's not a question of whether it helps but whether it's the most efficent means of helping.
Plus, there's the whole "creating dependency" issue. One need only look at the socio-economic situation of the black community on the day the Great Society was passed and look at the socio-economic condition of the black community now to recognize that the best of intentions have created a massive dependency problem (2 of every 3 black children born today are born into ah single parent home - that's a stunning increase over what it was in the mid-60's)
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You can build in sufficient rewards for innovation and hard work while maintaining a strong middle class and control over poverty. And no country has ever done well with a weak middle class.
No disagreement here. the question is what's the best way to do that?
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I know you're way outnumbered here Laura, so thank you for keeping your composure =).
I'm learning. i knew I'd be way outnumbered which is why I try VERY hard to stay out of these threads but sometimes temptation gets to me.
Still, the effort to stay out hopefully restrains me from being as uncivil as i used to be.
QuoteThis is literally the first civil political discussion I've had in about ...seven years =/.. when there has actually been a dissenting view. Also, you sound more like a Libertarian than a Republican, tbh.
I am. I freely admit that on economic policy, the (professed!) views of Republicans are closer to mine, but I have very little faith in most of them to live up to their professions.
But once you get out of tax and spend and other economic policies, there's only a few other things I line up pretty well with them on. Probably about as many as I line up with the Democrats on...but it's a small number for either.
Post Merge: January 17, 2010, 01:34:23 AM
Quote from: Zythyra on January 16, 2010, 08:59:31 PM
Quite a fascinating discussion of politics; right/left, conservative/liberal, etc., however it's gotten pretty far off from the OT of reactions to Amanda Simpson's appointment.
A gentle reminder from admin to stay on topic. You're welcome to start a new thread to continue the other discussion.
Thanks!
Z
OOPS!
I take the posts as I come to them and didn't see this in time. I'll shut up now!