User Tag List

First 1234 Last

Results 11 to 20 of 60

  1. #11
    morose bourgeoisie
    Join Date
    Mar 2009
    MBTI
    INFP
    Posts
    3,860

    Default

    Quote Originally Posted by DiscoBiscuit View Post
    Yes it did.

    It subsidized the greatest financial criminals in human history.

    It certainly did other things some of which soothed the symptoms of our financial problem. But the root of that problem remains.

    By proping up the banks, we basically said, do whatever you want financial gurus.... and the US taxpayer will pick up the tab.

    Our current administration's unwillingness to investigate and prosecute these fiends merely exacerbates the problem.

    No one has been held accountable.

    All tarp did was ease the pain enough to keep the public from voting out most of our sitting politicians.

    Our recovery has to this point proved ethereal because the foundation of our economy is cracked, and most of those in office are too scared to fix it.
    TARP helped prevent global economic meltdown.

  2. #12
    Tempbanned
    Join Date
    Apr 2009
    Enneagram
    8w9
    Posts
    14,031

    Default

    Quote Originally Posted by nebbykoo View Post
    TARP helped prevent global economic meltdown.
    Did it?

    Things seem pretty melted down to me.

    Surely it did stop the recession from getting worse than it did, but did it actually fix anything?

    It was a band aid and not even a very good one. By stopping the recession the way we did when we did, we just ensured that it's going to crash harder later.

    I'm of the opinion that we should have allowed the banks that were going to fail, fail. I'm not certain that the world would have plunged into chaos.

    I think those in the government were afraid to allow our failing entities to fail and be replaced in lieu of the fact that the public would experience a level of discomfort that would preclude their reelection.

    That's entirely possible, but the instant any leader is more concerned with maintaining power than governing justly, that leader should be gone.

    The gov't has a tendency to make problems bigger than they are in an effort to pad their (limited successes) and distract from their (atrocious) failures.

  3. #13
    Whisky Old & Women Young Speed Gavroche's Avatar
    Join Date
    Oct 2008
    MBTI
    EsTP
    Enneagram
    6w7 sx/sp
    Posts
    5,143

    Default

    Quote Originally Posted by Elfboy View Post
    simple, the banks are writing his salary
    This.

    Also, his political camp helped to create the crisis. The subprimes was initially an idea from the Democrats, and he probably voted for this. It's better for him to advocates in favor a new keynesian politic than demand for everybody including himself to face their responsability.
    EsTP 6w7 Sx/Sp

    Chaotic Neutral

    E=60% S=55% T=70% P=80%

    "I don't believe in guilt, I only believe in living on impulses"

    "Stereotypes about personality and gender turn out to be fairly accurate: ... On the binary Myers-Briggs measure, the thinking-feeling breakdown is about 30/70 for women versus 60/40 for men." ~ Bryan Caplan

  4. #14
    Senior Member UniqueMixture's Avatar
    Join Date
    Mar 2012
    MBTI
    estj
    Enneagram
    378 sx/so
    Socionics
    esfp
    Posts
    3,036

    Default

    I don't understand why we can't just institute an exponential flat tax for personal income and estate taxes with a generous standard deduction for all. That would shift the tax burden to the weathiest while still incentivizing hard work. You could peg the standard deduction to say the total income of the highest income in the bottom 25% of wage earners.

    You could probably apply something similar to corporate taxes as well (although that might be trickier because corporations could move their operations overseas).
    For all that we have done, as a civilization, as individuals, the universe is not stable, and nor is any single thing within it. Stars consume themselves, the universe itself rushes apart, and we ourselves are composed of matter in constant flux. Colonies of cells in temporary alliance, replicating and decaying and housed within, an incandescent cloud of electrical impulses. This is reality, this is self knowledge, and the perception of it will, of course, make you dizzy.

  5. #15
    Senior Member Mal12345's Avatar
    Join Date
    Apr 2011
    MBTI
    IxTP
    Enneagram
    5w4 sx/sp
    Socionics
    LII Ti
    Posts
    14,018

    Default

    Quote Originally Posted by DiscoBiscuit View Post
    For all those of you actually interested in inequality, or frustrated with the banking industry escaping unscathed from the collapse, read this article.

    The tl:dr folks need not apply.

    From the Daily Beast:

    Why Can't Obama Bring Wall Street to Justice?
    Despite his populist posturing, the president has failed to pin a single top finance exec on criminal charges since the economic collapse. Are the banks too big to jail—or is Washington’s revolving door at to blame? Peter J. Boyer and Peter Schweizer investigate:
    Big Government created an economic environment of altruism, then some Big Banks swooped in and took advantage of the situation. Obama's ass is paid for by the Byg Corpurete Gyents. So who wins in the long run? Obama and the Byg Corpurete Gyents. Who loses? The rest of us.
    "Everyone has a plan till they get punched in the mouth." Mike Tyson
    “Culture?” says Paul McCartney. “This isn't culture. It's just a good laugh.”

  6. #16
    Freaking Ratchet Rail Tracer's Avatar
    Join Date
    Jun 2010
    Posts
    3,041

    Default

    Quote Originally Posted by UniqueMixture View Post
    I don't understand why we can't just institute an exponential flat tax for personal income and estate taxes with a generous standard deduction for all. That would shift the tax burden to the weathiest while still incentivizing hard work. You could peg the standard deduction to say the total income of the highest income in the bottom 10% of wage earners.
    Grover Norquist

    One of the biggest reasons. Even if we do come up with a sensible taxing plan, he and his cronies are up on it front and center. A huge percentage of Republicans are forced to sign his pledge to not, in any circumstance, raise tax or close loopholes that are considered raising taxes, and etc.

    The solution you offered can fall in line to this type of thinking.

  7. #17
    Senior Member UniqueMixture's Avatar
    Join Date
    Mar 2012
    MBTI
    estj
    Enneagram
    378 sx/so
    Socionics
    esfp
    Posts
    3,036

    Default

    I think the bigger problem is that most people don't understand mathematics. Most people's tax rates would -fall- with the scheme I proposed. Also, I should note this kind of a scheme would work whether you favor more government intervention or less!

    Also, this would stimulate the economy by providing additional income for those who need it the most and are most likely to spend it while increasing govt revenue for things like paying down the deficit, propping up social security, or increasing social spending for stuff like free college education or health care.
    For all that we have done, as a civilization, as individuals, the universe is not stable, and nor is any single thing within it. Stars consume themselves, the universe itself rushes apart, and we ourselves are composed of matter in constant flux. Colonies of cells in temporary alliance, replicating and decaying and housed within, an incandescent cloud of electrical impulses. This is reality, this is self knowledge, and the perception of it will, of course, make you dizzy.

  8. #18
    Senior Member swordpath's Avatar
    Join Date
    Oct 2007
    MBTI
    ISTx
    Posts
    10,552

    Default

    A few more Occupy movements should do the trick.

  9. #19
    Sweet Ocean Cloud SD45T-2's Avatar
    Join Date
    Feb 2012
    MBTI
    ESTJ
    Enneagram
    1w2 so/sp
    Posts
    2,761

    Default

    Quote Originally Posted by DiscoBiscuit View Post
    The gov't has a tendency to make problems bigger than they are in an effort to pad their (limited successes) and distract from their (atrocious) failures.
    "Giving money and power to government is like giving whiskey and car keys to teenage boys." - P. J. O'Rourke in Parliament of Whores
    1w2-6w5-3w2 so/sp

    "I took one those personality tests. It came back negative." - Dan Mintz

  10. #20
    Senior Member INTP's Avatar
    Join Date
    Jul 2009
    MBTI
    intp
    Enneagram
    5w4 sx
    Posts
    7,823

    Default

    because usa is a capitalist country, its really ran by companies, not by government. thus the whole country is built on making profit and wall street is the thing that makes the most profit. its obvious that there cant be infinite profit, so people try to make profit on things that really shouldnt make any profit -> fail. this is because people there cry if the government has too much power and think its communism if the government keeps things running smoothly in the country. and it should be obvious that people are so much against communism because of the usa vs soviet union history. i find it funny that this fear(and fear of taxes) hinders the country from making smart decisions about socialistic aspects for running the country, sad but true, taxes are needed for this sort of stuff, also usa should seriously look at how the tax money is spent. taxing people, then sending them to be killed/kill somewhere middle of nowhere makes no sense.
    "Where wisdom reigns, there is no conflict between thinking and feeling."
    — C.G. Jung

    Read

Similar Threads

  1. Hillary won't reign in Wall Street
    By SearchingforPeace in forum Politics, History, and Current Events
    Replies: 0
    Last Post: 01-29-2016, 10:16 PM
  2. Why do people keep comparing the US to Europe?
    By Haphazard in forum Politics, History, and Current Events
    Replies: 63
    Last Post: 03-21-2010, 06:48 PM
  3. Why Prayer is a SIN and affront to God
    By nozflubber in forum Philosophy and Spirituality
    Replies: 48
    Last Post: 03-05-2009, 11:08 AM
  4. Some reaons why McCain and Obama are both BS
    By Sniffles in forum Politics, History, and Current Events
    Replies: 78
    Last Post: 10-03-2008, 09:05 PM
  5. [INTJ] Why do a lot of people seem to have lots of negative views about INTJs?
    By bai_lin83 in forum The NT Rationale (ENTP, INTP, ENTJ, INTJ)
    Replies: 87
    Last Post: 01-21-2008, 12:30 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Single Sign On provided by vBSSO