User Tag List

First 1234513 Last

Results 21 to 30 of 303

  1. #21
    deplorable basketcase Tellenbach's Avatar
    Join Date
    Oct 2013
    MBTI
    ISTJ
    Enneagram
    6w5
    Posts
    3,953

    Default

    Quote Originally Posted by Lark
    The information is already out there and its usually easy to tell pretty quickly if someone is the sort of person liable to be persuade by new information at all or likely to hold on tenaciously to their own received wisdom.
    Are you aware of this information?

    1. FDR tripled taxes during the Great Depression.
    2. In 1969, historian Leonard Arrington looked at the New Deal spending per person. The top 14 states were all in the WEST. A person living in the West received 60% more New Deal money than someone living in the South. Why? Because the Southern states voted for FDR overwhelmingly (over 67% of the southern vote went to FDR); there was no need to spend money in the south because FDR already had their votes.

    3. Workers in the WPA got 32 cents/hour in Alabama, Kentucky, Tennessee, and Virginia; they got $2.25/hour in New Jersey.

    4. FDR's Fair Labor Standards Act specified a minimum wage of 25 cents/hour. Within two weeks of its passing, 30K to 50K workers in the South lost their jobs; they were priced out of the job market.

    5. The Social Security tax and the undistributed profits tax took $2 billion out of the economy.

    6. FDR issued an executive order that called for a 100% tax on incomes over $25,000/year.

    From Jim Powell's "FDR's Folly"
    Senator Rand Paul is alive because of modern medicine and because his attacker punches like a girl.

  2. #22
    deplorable basketcase Tellenbach's Avatar
    Join Date
    Oct 2013
    MBTI
    ISTJ
    Enneagram
    6w5
    Posts
    3,953

    Default

    Quote Originally Posted by Lark
    How could you possibly mean to cite a pretty unique and untypical example from the world of professional sports as an example for wage calculation by market forces in the real world?
    It's not unique at all. Bill O'Reilly, Jon Stewart, Brian Williams, Diane Sawyer, etc all get paid much more because of their skillset.


    Robert DeNiro, Jennifer Lawrence, Meryl Streep all demand higher salaries than say.... Andy Dick or Kathy Griffin.
    Senator Rand Paul is alive because of modern medicine and because his attacker punches like a girl.

  3. #23
    Senior Member Nicodemus's Avatar
    Join Date
    Aug 2010
    Posts
    9,133

    Default

    You two deserve each other.
    Likes Hard liked this post

  4. #24
    Senior Member Survive & Stay Free's Avatar
    Join Date
    Jun 2009
    MBTI
    ESTJ
    Enneagram
    9 so/sx
    Posts
    21,661

    Default

    Quote Originally Posted by Tellenbach View Post
    Are you aware of this information?

    1. FDR tripled taxes during the Great Depression.
    2. In 1969, historian Leonard Arrington looked at the New Deal spending per person. The top 14 states were all in the WEST. A person living in the West received 60% more New Deal money than someone living in the South. Why? Because the Southern states voted for FDR overwhelmingly (over 67% of the southern vote went to FDR); there was no need to spend money in the south because FDR already had their votes.

    3. Workers in the WPA got 32 cents/hour in Alabama, Kentucky, Tennessee, and Virginia; they got $2.25/hour in New Jersey.

    4. FDR's Fair Labor Standards Act specified a minimum wage of 25 cents/hour. Within two weeks of its passing, 30K to 50K workers in the South lost their jobs; they were priced out of the job market.

    5. The Social Security tax and the undistributed profits tax took $2 billion out of the economy.

    6. FDR issued an executive order that called for a 100% tax on incomes over $25,000/year.

    From Jim Powell's "FDR's Folly"
    Look, I'm not sure if you realise how bad these sources you are choosing to make citations from are, you couldnt possibly have examined them that closely and thought they were any good.

    I dont have the time and inclination to go through it bit by bit so I'll just choose one here which I think is illustrative of what I'm talking about.

    The bit I've high lighted.

    Unless the social security tax took money, what is undistributed profits btw? That smacks of doublespeak jargon all by itself, and put it in a savings account and did nothing with it what so ever it was not taken out of the economy. Even in a bank account it is liable to be accruing interest so its not even then taken out of the economy. I presume it wasnt moved off shore as a personal asset or donated to a foreign country.

    The money which is taken out of the economy, any time that a decision is taken to consciously pursuit that as an objective, is taken out by deliberately choosing to shrink public spending.

    The reason being that reductions in public spending, whether it is in the form of wages to public servants or even in the form of benefits payments of one shape or another, mean people have less disposable income, less money in their pockets to spend and circulate in the economy. Individuals, often the lowest paid or even benefits dependent are the most likely to spend money and circulate it in the economy, whereas companies and legacies are not liable to spend in the same ways, resulting in a parsimonious situation in which hoarding becomes the prevailing norm and money cant circulate, there is no new money, no innovation, no research and development, it all grinds to a halt.

    That's all pretty simple and straight forward, not even economic concepts like Says Law or anything like that, I'd invite @Magic Porifean to contribute at this point but I think he's tired of these sorts of discussions.

  5. #25
    I could do things Hard's Avatar
    Join Date
    Jan 2014
    MBTI
    ENFJ
    Enneagram
    1w2 sp/so
    Socionics
    EIE Fe
    Posts
    7,987

    Default

    Quote Originally Posted by Nicodemus View Post
    You two deserve each other.
    MBTI: ExxJ tetramer
    Functions: Fe > Te > Ni > Se > Si > Ti > Fi > Ne
    Enneagram: 1w2 - 3w4 - 6w5 (The Taskmaster) | sp/so
    Socionics: β-E dimer | -
    Big 5: slOaI
    Temperament: Choleric/Melancholic
    Alignment: Lawful Neutral
    External Perception: Nohari and Johari


  6. #26
    Senior Member Survive & Stay Free's Avatar
    Join Date
    Jun 2009
    MBTI
    ESTJ
    Enneagram
    9 so/sx
    Posts
    21,661

    Default

    Quote Originally Posted by Tellenbach View Post
    It's not unique at all. Bill O'Reilly, Jon Stewart, Brian Williams, Diane Sawyer, etc all get paid much more because of their skillset.


    Robert DeNiro, Jennifer Lawrence, Meryl Streep all demand higher salaries than say.... Andy Dick or Kathy Griffin.
    So if everyone can work in high profile media or celebrity careers or sports we're set right?

    I get you.

  7. #27
    Senior Member Survive & Stay Free's Avatar
    Join Date
    Jun 2009
    MBTI
    ESTJ
    Enneagram
    9 so/sx
    Posts
    21,661

    Default

    Quote Originally Posted by Hard View Post
    Well, that's helped me make my mind up.

  8. #28
    I could do things Hard's Avatar
    Join Date
    Jan 2014
    MBTI
    ENFJ
    Enneagram
    1w2 sp/so
    Socionics
    EIE Fe
    Posts
    7,987

    Default

    Quote Originally Posted by Lark View Post
    Well, that's helped me make my mind up.
    Helped you make your mind up on what?

    For what it's worth, while not entirely, I agree with you far more than I do with Tellenbach (well actually I don't even agree with him one iota) when it comes to this stuff.


    Edit: Oh did I get put on ignore?! Oh goody! Now I can say what ever I want and not have to worry about dealing with inane replies! It's funny when people assume my only purpose is to talk to just them when I reply.
    MBTI: ExxJ tetramer
    Functions: Fe > Te > Ni > Se > Si > Ti > Fi > Ne
    Enneagram: 1w2 - 3w4 - 6w5 (The Taskmaster) | sp/so
    Socionics: β-E dimer | -
    Big 5: slOaI
    Temperament: Choleric/Melancholic
    Alignment: Lawful Neutral
    External Perception: Nohari and Johari


  9. #29
    deplorable basketcase Tellenbach's Avatar
    Join Date
    Oct 2013
    MBTI
    ISTJ
    Enneagram
    6w5
    Posts
    3,953

    Default

    Quote Originally Posted by Lark
    The reason being that reductions in public spending, whether it is in the form of wages to public servants or even in the form of benefits payments of one shape or another, mean people have less disposable income, less money in their pockets to spend and circulate in the economy.
    That same money would be spent if it weren't taken out of the economy. If the government spends $500 million to subsidize Solyndra, who actually benefits?

    Quote Originally Posted by Lark
    So if everyone can work in high profile media or celebrity careers or sports we're set right?
    It's an easy principle to understand. People with valuable skillsets earn more because their skills are in greater demand. It's true in the entertainment field and all other professions. The waitress with a great smile and personality makes more than the waitress who isn't as personable. The doctor makes more than the teacher because his skills are more valued. What's so hard to understand?

    Quote Originally Posted by Hard
    For what it's worth, while not entirely, I agree with you far more than I do with Tellenbach (well actually I don't even agree with him one iota) when it comes to this stuff.
    I've listed mostly factual information and expressed very little opinion. If you disagree with the facts, that's not a good sign.
    Senator Rand Paul is alive because of modern medicine and because his attacker punches like a girl.

  10. #30
    I could do things Hard's Avatar
    Join Date
    Jan 2014
    MBTI
    ENFJ
    Enneagram
    1w2 sp/so
    Socionics
    EIE Fe
    Posts
    7,987

    Default

    Quote Originally Posted by Tellenbach View Post
    I've listed mostly factual information and expressed very little opinion. If you disagree with the facts, that's not a good sign.
    You're "facts" are meaningless because you're fundamental analysis and information gathering methods is broken. I've pointed this out to you several times in the past, but it's fallen on completely deaf ears each time so I don't try anymore. I have no interest in debating, or discussing anything with you in this thread, because as I have also said before, you are the most unreasonable person I have ever met in my entire life.
    MBTI: ExxJ tetramer
    Functions: Fe > Te > Ni > Se > Si > Ti > Fi > Ne
    Enneagram: 1w2 - 3w4 - 6w5 (The Taskmaster) | sp/so
    Socionics: β-E dimer | -
    Big 5: slOaI
    Temperament: Choleric/Melancholic
    Alignment: Lawful Neutral
    External Perception: Nohari and Johari


Similar Threads

  1. Slavery, child labor, organized religion and a free-market economy
    By SolitaryWalker in forum Politics, History, and Current Events
    Replies: 6
    Last Post: 11-22-2013, 11:21 PM
  2. Define capitalism, socialism, free market fundamentalism, communism, etc.
    By ygolo in forum Politics, History, and Current Events
    Replies: 12
    Last Post: 05-14-2012, 06:34 PM
  3. Why your diet may not be working like you want...
    By sdalek in forum Health and Fitness
    Replies: 11
    Last Post: 07-03-2007, 08:01 PM

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