tag:blogger.com,1999:blog-2992740250270600844.post3532184197943209661..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: The Next Wave Of Spending Will Not Bring ProsperityBruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2992740250270600844.post-17813991700746659622022-05-31T01:03:14.926-07:002022-05-31T01:03:14.926-07:00It is not clear from the article the view on the s...It is not clear from the article the view on the system of taxation that encourages the success of a nation. Is it a flat tax, low tax, a progressive income tax as we have now? Many countries around the world have regressive taxation and it isn't clear if they are getting wealthier or not. Economic policy, as well as cultural work ethic also plays into it - aside from government incentives.Alexhttps://www.blogger.com/profile/14492760651132838020noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-55925255446631815892021-03-10T04:45:24.804-08:002021-03-10T04:45:24.804-08:00It gets much worse, if you can believe that statem...It gets much worse, if you can believe that statement. According to Peter congress will bail out all the blue states with large deficits. <br />https://bayourenaissanceman.blogspot.com/2021/03/as-predicted-biden-administration-will.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+BayouRenaissanceMan+(Bayou+Renaissance+Man)<br /><br />Not good, we will be paying for large pension plans and everything else states want to spend. <br />JoeJmparrethttps://www.blogger.com/profile/12119149518694093508noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-70037724306680079842021-01-19T15:04:25.271-08:002021-01-19T15:04:25.271-08:00320-30 million folks in the US. Probably 300 mill...320-30 million folks in the US. Probably 300 million making less than 100k. Why not simply send all 300 million a check for 100k ? Price tag: 30 trillion...doubles the debt, but what the heck, we're gonna double it anyway in 4-5 years.....not like the current debt is ever gonna be paid back anyway.<br />Think of the positive side.....we'd end poverty for that year, and the economy would ROAR with 100k burning holes in 300 million pockets !<br />Of course nobody but nobody would want to work that year.....and most of Central America would be on the move north (and likely a lot of Canadian moving south..a new experience !)<br /><br />Yeah, I think it's time for some really radical thinking, and politicians always go so part way in stuff, huh ?Anonymoushttps://www.blogger.com/profile/06737653447899997311noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-2301597579202598272021-01-17T17:20:58.715-08:002021-01-17T17:20:58.715-08:00Wait until they raise income taxes(purportedly onl...Wait until they raise income taxes(purportedly only on those earning >$400K), eliminate the lower tax rates on capital gains, and raise the national minimum wage to $15/hour. This will kill off even more jobs, and then we'll get more unemployment income, tax subsidies, and medicaid for the newly unemployed and poor. Lastly will come universal basic income and it's off to the races. To top it all off, there are app. 4,000 baby boomers per day entering retirement and claiming their Social Security and Medicare benefits. Where is all this money going to come from? Oh, wait, I know, we'll just "borrow" it from the central bank.Dave2020https://www.blogger.com/profile/15839510248960245602noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-79866425945695352562021-01-17T15:54:57.125-08:002021-01-17T15:54:57.125-08:00And what did they expect by shutting down the econ...And what did they expect by shutting down the economy in the US? Albert Einstein's definition of insanity is doing the same thing over and over and expecting different results.<br /><br />I find the national and New York unemployment numbers questionable at best when we are basically in a depression. According to John Williams from Shadowstats.com the national unemployment numbers are around 24-28% and inflation is around 10-14%.Rod Briggshttps://www.blogger.com/profile/01892085143658761123noreply@blogger.com