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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 5:42 pm
[quote]Seeing as how government is pretty much the difference between barbarity and civilization, [/quote]NO. The idea that man can ultimately govern himself is the foundation of civilization. ...

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 4:38 pm
This... [quote]If I was Commerce Secretary, I'd ban "superstores" for the discount chains and limit them to 100 stores[/quote]is the very definition of unfree enterprise. And that is why I was laughing. You don't even make sense. ...

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re: Duke University study: Our climate models are Wrong:
Posted by Taxing Authority on 4/24 at 4:33 pm
[quote]It doesn't say there is no man made climate change [/quote]:lol: you have no idea what I just wrote do you?...

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 4:31 pm
[quote]I don't like big government but it is better than unfree enterprise[/quote]:lol:...

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re: Duke University study: Our climate models are Wrong:
Posted by Taxing Authority on 4/24 at 4:24 pm
The DailyMail's take is (generously) hyperbolic. That said... saying the current "anomaly" within the "anomaly" is within bounds of the noise envelope of the model, should be enough to tell you that models are not accurate enough to tell us very much. Saying "natural variability" is greater ...

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re: More disappointing economic data released today. Might put rate increase on hold
Posted by Taxing Authority on 4/24 at 1:26 pm
[quote]Huh? I guess a strong dollar might depress business investment, but low energy prices? It seems like for non-energy companies, that would make investment more attractive. What I am missing (on either of these points).[/quote]That energy and mining have made the vast majority of GDP growth...

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 12:50 pm
[quote]But I'd still say that real estate is particularly vunerable to inflated pricing. [/quote]There is no doubt a bubble! But goes back to monetary policy, not greed or taxes. And quite frankly... the zero interest rate policy, and lax credit standards afforded by it are a benefit TO THE POOR...

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 12:47 pm
[quote]Excuse me, but literally everything on the planet works just like that - it's just math.[/quote]So if you were selling your house... and you had two offers... Offer A: Potential buyer has $500k annual income, offers $250,000 for your house (50% of his annual income). Offer B: Potential...

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 12:21 pm
[quote]This argument refuses to recognize proportionality.[/quote]Indeed. We are all equals, treated equally by our government, right? Why do some get to drive on the roads for free, while <20% pay almost all of the taxes? If you want to recognize proportionality--"the rich" should get special treat...

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 10:34 am
[quote]Anyone who can’t see that there has been a massive redistribution of wealth over the last 30 years to the top of the sample is just being willfully stubborn.[/quote] Nope. [img]https://textimgs.s3.amazonaws.com/econ/section_30/f6d789d066f07394983ee582f0af3046.jpg[/img] and as percent...

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 10:31 am
[quote]“make it at least fair that those at the top pay at least the [b]same share[/b],”[/quote]"The Rich" would LOVE this. It would be a massive tax cut for them. "The poor" however would be paying several multiples of their salary, tho....

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 10:30 am
[quote]And jibberish about ‘fixing’ the tax code is just that – because the tax code is already fixed in favor of those who can afford lobbyists, lawyers, and accountants[/quote]They must be doing it wrong. Because they still pay the VAST majority of the taxes. [quote]manage the loopholes designe...

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 9:26 am
And blaming income decreases on "the rich" is equally ignorant. By-and-large the American worker has priced himself out of the market to support an over inflated standard of living. For example... I got an unsolicited proposal yesterday from an offshore firm to supply developers. Their rates...

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/24 at 8:55 am
[quote]The upper 1% hoards by keeping most of their money to themselves, by investing it. They aren't using their money to give opportunities to the less fortunate. [/quote]This is beyond ignorant. Try... For a moment... To at least understand fractional reserve lending. $1 sitting a bank account ...

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re: How do you define the classes?
Posted by Taxing Authority on 4/23 at 5:17 pm
Most Americans use the following formula: Some one with more than me = rich Me= middle class Someone with less than me = poor. :lol: ...

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re: Nobel Prize winner Stiglitz on how to solve U.S. income inequality
Posted by Taxing Authority on 4/23 at 5:15 pm
[quote]Where are all these jobs? [/quote]American workers have priced themselves out of the market. [quote]Minimum wage right now doesn't do anything to get anyone into the middle class. [/quote]Do you even understand the definitions of [i]minimum[/i] and [i]middle[/i]? A MINIMUM wage can ne...

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re: Al Gore, wish he would run again
Posted by Taxing Authority on 4/23 at 3:22 pm
[quote]Because I care for civilization?[/quote]Apparently you don't. Because any real "cure" for AGW involves dedeveloping civilization. ...

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re: A thought on social conservatism and legislative morality
Posted by Taxing Authority on 4/23 at 12:08 pm
[quote]We need to stop trying to enforce our morality and start allowing people to choose their own morality.[/quote]So you're saying we should elect amoral politicians? Ok. But don't be surprised at the ensuing corruption. ...

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re: 18 spectacularly wrong predictions from the first Earth Day in 1970
Posted by Taxing Authority on 4/23 at 12:01 pm
[quote]They had us kids in the 70's thinking there would be no future for us. Scared the hell out of us.[/quote]Never let a crisis go to waste. No crisis? Create one!...

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re: Our next President will be a corrupt mofo
Posted by Taxing Authority on 4/23 at 10:44 am
[quote]Which group of people are more corrupt, those with money or those without?[/quote]Impossible to know. Having wealth does not equate to corruption, any more than poverty equates to laziness. ...

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