Dubya prosecuted more bankstas than Obummer. Obummer instead talks shit about everybody paying their fair share and then taxes the upper middle-class. Bring back the Bush tax cuts now.
Yes I understand you're a liar. You can't be an Austrian without lying about nearly everything.
But you can't be Paul Krugman without single-handedly driving Japan and the US into the abyss (of debt).
However, they also have most of the income, and more importantly, the vast majority of the wealth. The remaining 90% have very little wealth or income but pay a disproportionate share of taxes relative to that.
They definitely do not pay disproportionately because many don't pay income tax and or even get money back net due to negative effective tax rates (transfers). I agree that there's a huge wealth imbalance, but what's happening is that the larger bottom of the top quintile is pushed back into the "middle-class" or lower middle-class while the uber wealthy become wealthier. This will create less and less taxable income. You can only fix that by leaving people in the upper middle-class and upper class enough money to not fall back down the social ladder while temporarily levying the uber-wealthy (only as long as necessary) and increase the buying power by reducing wealth disparity through natural corrections and crisis (as happened in 2008 before the stick-save of the uber-wealthy) - which btw. will also cause great redistribution of land and property owned via natural means, and stop debasing the currency while inflating asset bubbles; and remove all special crony deductions (mortgage etc.)to level the playing field for a simple and uniform tax structure for everybody.
That's great, I'm not. Tax him then. Dickface is free to pay 50% if he wants to, he may even get a thank you letter in the mail. The hypocrisy.
Once again conservatives demonstrate their complete mathematical illiteracy and inability to comprehend the concept of freeloading when talking about the rich.
Ludicrous, there will never be a meritocracy if people have to pay 50% of their income and getting nothing in return. It's the very reason this country is on the decline. If you took a closer look at the tax responsibilities you would see that the top quintile pays almost all of the taxes. When those people with skills eventually have been decimated and pushed into the current 47%ers and the uber-wealthy have moved all of their cash overseas into untouchable accounts, then cannibal anarchy is on.
That's great, I'm not. Tax him then. Dickface is free to pay 50% if he wants to, he may even get a thank you letter in the mail. The hypocrisy.
Nowadays ready if they are redefining their gender every 6 months.
So what you're saying is there isn't actually a supply and demand market for long term interest rates?
Funny how much the real world contradicts you.
There is, but it is vastly distorted by central bank action(s). The recent dollar flash crash following FOMC, that's the real world contradicting the "it's not the Fed" screamers.
1. Central banks don't set interest rates. Low rates are the result of inequality--not the cause.
Of Central banks set interest rates. That's what they do in a fiat money system. What do you think the FED announcements are? Interest rate policies.
2. Rates cannot be artificially low---they are set by the market.
Of course it can; that's what FED interest rate policy is; that's what "lender of last resort" means: making a loan to favored parties at rates much lower than market rates for the same parties.
think destroying unborn life is a top priority
This cartoon says it all about Conservative Priorities:
While the cartoon certainly makes a valid point in a funny way it does not invalidate what socal said. It is a deep American core belief that - if you are given the chance to be born and live - you can seize the opportunity and become the best you can be by working hard and staying on the "right" path, no matter what curveballs life is throwing at you. And if you had the choice between never been born and growing up under difficult circumstances pretty much everybody would make the choice to give life a try and do their best. You can tell that a society is on its decline if peripheral societal issues like abortion and gay marriage dominate the outcome of an election while the real important issues such as the rising debt (put onto future generations) are pretty much ignored as long as everybody get a free obamaphone and mortgage bailout. Book it.
Respectfully, you are combining two different issues there, and blaming rent control for problems caused by planning & zoning. One thing I really like about Texas is if you own land you can usually build what you want on it, so there is plenty of construction, so housing prices tend to stay reasonable. That sort of policy used to be called liberal, and is now called classical liberal or libertarian.
Didn't mean to say it's the primary driver for high prices, that is the Fed and the new tech bubble induced by cheap money and the zoning laws that you mentioned. But RC adds to scarcity because apartment owners will do anything to convert to a house if they can't raise rents to market value. But I contest the scarcity as well, it's there but not really that bad, in 2008 rents were cheap and supply plenty. Even today you can find decently priced rentals outside of the city or in (beautiful) remote neighborhoods, there's no need for section 8 housing in prime downtown neighborhoods. Neither is there a need for rent control. The market will sort it out. Move elsewhere if you cannot afford it. Or wait until the next crash when landlords will come begging you to move in again.
I've never understood rent control. If I own a property, why can't I rent it for whatever price I want? If I ask too much, it will not rent.
Correct. Actually it is driving up prices by landlords converting apartments into houses and then raising the rent by 5 x while reducing living space.
There's Rep/Con/Teas in CA?? Really??
A few,Turtle Dove, Mel, me but your odds are much better of seeing big foot.
I would not vote for or against Prop 8 or similar bills but would respect the outcome of a state-wide election for matters which I don't consider human or constitutional rights. I'm also fine with varying abortion laws throughout the states.
Hey, I have a question, speaking of wasting water. I've noticed that in the kids' bathroom, the toilet makes a short (less than 10 seconds), intermittent water running sound. You know the sound a toilet makes after it's flushed and the tank is filling? That's the sound. Except it does it even when it hasn't been flushed. It happens a couple of times a day. Is this a sign of a leak? I don't see any indication of one -- like water on the floor or wall. In the spirit of not wasting water, I thought I'd ask.
Likely it's leaking into the toilet slowly (check the thing that covers the thing in the tank) and when enough water is drained it will trigger the refill briefly until the water-level in the tank rises past the trigger level again.
The fact that Hillary Clinton exclusively used a private server in her home, rather than a secure government server, to send emails during her four years as secretary of state has raised many questions.
The CIA was caught planting false evidence of nuclear weapon development in Iran. The planting of such false evidence is felony tampering with investigations and risks starting a war which will kill our soldiers. And instead of prosecuting the criminals responsible for this crime, our government prosecuted and convicted the hero who exposed these criminals. Now that's lawlessness. If Hilary using a private email address even registers on your radar, you need to get your priorities straight. Your outrage is badly misplaced.
If you read on: "This, as Ronald goes on to point out, isn't the point. In fact Hillary has admitted to intentionally destroying many of the emails on that server -- some 30,000 of them, to put not to fine a point on it.
We also know that when State was subpoenaed for Hillary's emails it could not turn them over because it didn't have them. But it didn't have them because Hillary had intentionally set up her own repository. And State had to know this, because she was communicating with people inside the department -- including by email.
Now here's the problem: Obstruction of justice occurs if you destroy anything that might become subject to an investigation. "
That's pretty serious.
From where I sit, the past six years have been hugely reassuring from an intellectual point of view
Yeah, reassuring in widening the wealth gap. Citing Krugman's drivel in the face of Japan continuously going down the shitter from what was once a great nation - literally bankrupted by the Krugsheister's "advice" - is entertaining. The basic macroeconomic framework to turn to wrt money policy is that of Germany (before the Euro), Switzerland, or Singapore. In generally Asia's strong currencies will eventually take over, possibly joined by the rupee. The West will continue its decline if it doesn't return to sound money policies, but resistance to the QE-clown-brigade has been increasing.
I dont get it. Why all asians in this insurance commercial, yet its in english?
It was made by MetLife in Hong Kong (therefore bilingual). While an international corporation headquartered in New York, I doubt this would have been easily possibly out here in the western world, for obvious reasons. It would have to pass the mass-resistance of the men-hating, "progressive" (democrat) machinery first. The very same machinery that takes all the income away from hard-working dads via shameless taxation on income.
Yes, I get that, but the Fed's creation of money out of thin air apparently hasn't caused the USD to drop. Those that claim the authority to create money rule. Look at the suffering in Greece. They are asked to endure austerity to repay something created out of thin air.
The USD still has reserve currency status and is ruled by one government, the situation in Europe has much more variables and weak links (the debtor nations). You can see how radically the EUR dropped on the day Draghi announced QE. It would be financial suicide - better to have the European banks take the hit and have Greece default. The politicians in Greece are liars like most politicians, the newly elected government lives in luxury while they tell their peasants everything is the other nations fault. While I think the additional loans to an already bankrupt Greece were fraudulent or at least deliberate (so the banks should take the hit now), Greece brought itself into bankruptcy by a ruling elite practicing crony capitalism/socialism at its worst. There was a reason for the 3% rule in the initial EU treaty and most of the debtor nations willingly violated it for years, they should have been kicked out much earlier.
The Euro would open the next day at $0.50 and Germany would secede, which I think they should anyways after making their banks taking the hit.
Mell, how may votes do you think the libertarians would loose if the faux libertarians were weeded out? By faux libertarians I'm talking about the conservatives that cleave to libertarianism as a tactical front against the Democratic party. You're pretty much a purist without the conservative social agenda, and we can disagree about how pure Rand Paul is in that respect, but what is your assessment of the libertarian foothold within the opposition party.
It's definitely a too small part of pure Libertarians for now, so they depend to a certain degree on one of the major parties support and people sympathizing with them without being true Libertarians (like many Republicans). But even the Libertarian party itself had candidates such as Dennis in San Francisco who were sympathetic towards the bailouts, so there aren't many purist candidates either, Ron Paul was probably one of the very few. Rand is definitely less purist than his dad, but it's still good enough for me. I'd rather have the new president enhance relations and commerce with Russia than with Iran, and Rand definitely has some good ties to Russia.
so why should any of that be the province of the state?
because it is a big cash cow for the state. Just imagine the billions of dollars in budgets that would have to be slashed if the state got out of the marriage/alimony/child support business. How many employees would have to find a real job ?? How many judges won't egt their 200k+ a year pensions. How many divorce lawyers would lose their income. how many feminazis would have to practice what they preach and get a job.
Very true. In fact federal and state government would have to dole out much much more welfare support cash for divorced wives if the judge couldn't simply slap all the financial burden onto the man (and in some cases onto the woman). That again would bring the government even faster towards bankruptcy. That's why less and less men get married, but fear not, the institution of marriage can be saved by an influx of gay couples eager to pick up the slack. Now on average theirs is far less often based on monogamy (see http://www.nytimes.com/2010/01/29/us/29sfmetro.html?_r=0), but sadly we're in the process of dismantling any cultural traditions in the name of cultural marxism anyways. And in that case I'd vote for the only fair solution, to abolish government sponsored marriage altogether since it is nothing else but yet another government program these days. Just have civil unions and let couples get married by the churches of their faith for their spiritual marriage license.
Obligatory shower together comment.
Coed 2-person showers to save water and humanity!
I think you meant "extraordinarily and specially challenged/gifted", or even better: "different". Doubleminusgifted on university campus ;)
Go fight some real atrocities around the world or bring food and teach starving kids in Africa.
You mean instead of sending food to African nations where atrocities are committed on an hourly basis, only to have the War General of the hour seize that relief shipment and use it to feed his growing army of kids with AK-47's?
I think Bill Gates has already supplied the guerrillas with enough food to last 3 winters. But thanks for the nice gesture.
Sending aid is always problematic because it lands in the hands of the warlords or the bureaucrats of said larger organizations. But there are smaller organizations who set up tents right there and do some good stuff, such as teaching them how to become non-reliant on foreign "aid" while providing them with food, shelter and knowledge in the meantime. Quite a few are religious or missionaries. It's easy to become cynical and just forget about those kids entirely. Also peace corps is not too bad - definitely better than armchair quarterbacking about huge "humanist" issues because some folks cannot get married.
Nothing like faux outrage over a faux institution. Progressivesecularhumanist my ass. Go fight some real atrocities around the world or bring food and teach starving kids in Africa.