Ok, but why are so many people so comfortable with monopoly government?
they don’t know economics. they are ignorant of the evils of monopoly government.
Why are so many net beneficiaries of theft so comfortable with theft?
So you’re saying that basically they don’t know that what they’re arguing for isn’t in their interest?
Because they benefit from it.
If you didn’t benefit from it, but instead suffered from it, would you continue to support it?
Indeed, as per my original post, the state destroys the intellecual side of man so that he is inhibited in his quest for new knowledge in this case, the knowledge of why the state fails.
No.
Breadlines could be a good thing if you have celiac disease.
Exactly. You’d be amazed at how productive the taxpayers are. Likewise, you’d be amazed at how unproductive the tax eaters are.
For a taste of the kind of thing I’m talking about, spend 10minutes with this
http://georgereisman.com/blogWP/?p=217 - Why Everyone Should Be in Favor of Tax Cuts for the “Rich”
Ok, I’ve read what you sent me. I understand the value of tax cuts. Mainly because I have money. But what do you say to people who don’t have money? Let the rich people have it so they can invest in capital, thus raising productivity levels and wage levels so consumer goods will become cheaper? Supply side economics has fallen out of fashion. Everyone’s demand side now.
There’s a whole school of people who argue that rich people just take their tax savings and save it and so the money never goes into capital investment or productivity or wage increases. I mean that’s basically what Robert Reich had to say in that one video someone posted on here. There’s a whole bunch of liberals who agree with that. Is there any science behind that claim?
I should add that supply side has become synonymous with tax cuts and increased spending which isn’t what he’s advocating. But I think when voters hear “tax cuts for the rich” they’ll think supply side economics.
are the voters ignorant of the truth in the article or not?
How do they go about saving that money? Do they keep it as cash in a bank? If so, then that money is lent out into the economy.
The whole point of me posting that video was to show everyone the ridiculous claims Reich tells his audience.
They certainly are. However! I think what he fails to note is that the time between the tax cuts and the increases in productivity could be substantial given the incredible number of distortions central planning has created. Which would leave many people hurting for extended periods of time and leave Obama looking irrelevant, something that guy certainly couldn’t stand. Don’t you think so too?
I’m not really disagreeing with you guys on this. Please don’t misunderstand me. What I’m saying is that politics is not based on economic or philosophical truth or understanding. You guys probably know that better than I do.
How do you sell a set of policies that don’t sound as good as “everyone gets a new car!!”?
Right, but it doesn’t go directly into the hands of the poor, which is what Obama promises to do.
By pointing out their blatant lies.
You don’t sell any policies. You sell philosophy, economics and ethics.