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re: Who is to blame for this alleged disappearance of the middle class?

Posted on 2/2/14 at 9:09 am to
Posted by germandawg
Member since Sep 2012
14135 posts
Posted on 2/2/14 at 9:09 am to
quote:


No it isn't. No one claimed the money is completely removed.


Yes, some of you will claim this until called on it, and then you will start to claim that it isn't "completely removed" as you just did, suggesting that some it has disappeared into thin air. None of it disappears...it is 100% intact and doing the same thing in the economy it would have been doing had it not been taken away at the point of the gun...unless of course it is being spent to defend the nation or improve infrastructure that pays a higher dividend in the long run than someone buying a bigger car or a boat.

quote:

Try to process this - if the government takes the dollar and spends it on food stamps - Wal-Mart makes an additional fraction of a dollar sale. The government worker makes his salary.

Of course turnover happens - but it is not directed at economic improvement - that's for sure - it is a drag on the economy.



A drag on the economy....trust me I want to process this...I desperately want to have solid evidence that this is so....I don't like paying taxes anymore than the rest of you...but, as I have said, you all sound like Max Bialystock in "The Producer's"....you keep saying it ..."you just don't say hooowwww...". How is it a net drag on the economy? It is a drag on my personal economy, for certain....but it is a bump in other people's economies....so for it to be a net drag something has to happen that reduces my payment in value in some way. And none of you know how this is....you just take it as an article of faith. Time and again I have offered a plausible way that it could be a drag....it is psychological....it pisses folks off who pay the taxes and they become distracted and less focused on making money and more focused on paying fewer taxes.....NO ON WILL ACCEPT THIS!!!! It seems like it is much better to beleive in the fairy tail that re-dsirtibution involves some sort of friction that erodes the value of a tax $, when there is no evidence of this, than it is to admit the obvious truth and that is the dammed $ is mine, I earned it, and when you take it away from me at the point of a gun it pisses me off and gets me distracted...I start to look for ways to keep you from getting my money which includes all sorts of loop holes, cronyism. I will buy this...it makes sense....but I have never had anyone admit this was the case....ya'll always fall back on it being a basic economic law which simply isn't true....and like so many things from the right it takes an act of faith in something that is obviously flawed and I just can't do it...I would like to...I just cant
Posted by MrCarton
Paradise Valley, MT
Member since Dec 2009
20231 posts
Posted on 2/2/14 at 9:54 am to
quote:

germandawg


So lets view this from an investment standpoint. I take $1000 from one of my successful businesses in order to invest it into my continuously failing startup. I should expect equal productivity from the startup? Despite the fact that one entity earned me $1000 to invest with, and the other requires $1000 to continue to operate, the net gain is the same? 1000 is 1000, despite the efficacy or productivity of the current possessor? I call BS. There are economic black holes in America into which quite a lot of economic waste has and will continue occur. The mere existence of currency is by no means an indicator of a productive economy as your theory indicates.
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