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Trickle down economics


               
2015 Sep 8, 1:04am   10,990 views  53 comments

by Dan8267   follow (4)  

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14   FortWayne   2015 Sep 8, 11:54am  

Dan, here is how your solution to all the problems looks like.

15   bob2356   2015 Sep 8, 11:57am  

Dan8267 says

All rent-seeking functions should be performed by the state and the rental income should be used to pay for all government expenses that aren't paid by fees for services.

That worked well in russia right up until the 1989.

Ok I'll bite on your nonsense. If there can be zero profit from the sale of real estate why would anyone ever build a building or even buy the land at all? The government will build all the buildings? That worked well in russia right up until 1989.

16   Dan8267   2015 Sep 8, 2:11pm  

FortWayne says

Dan, here is how your solution to all the problems looks like.

And an empty chair looks like Obama to you. That says more about how delusional you are than anything else.

17   Dan8267   2015 Sep 8, 2:20pm  

bob2356 says

That worked well in russia right up until the 1989.

My proposed forms are not even remotely an implementation of communism. In fact, free enterprise is increased under my reforms because the only way to make a living is by actually producing wealth instead of sitting on your ass siphoning off other people's productivity. If you mistake this for communism that indicates you have no understanding of economic systems.

Too much of our economy is composed of zero-sum games and rent-seeking that drag down the economy. Both have the exact same effect on economy as high taxes and for the exact same reason. Rent is simply a tax paid to a baron rather than a government. The only difference is the government provides something back to society whereas the baron buys a yacht.

bob2356 says

If there can be zero profit from the sale of real estate why would anyone ever build a building or even buy the land at all?

1. Because they want to live in a house they have control over with a yard they can landscape.
2. Because they want more room than a three-bedroom apartment.
3. Because they want space from their neighbors.
4. Because they want to run a business in a commercial building.

There is value in ownership beyond flipping property. What is lost by not being able to flip or rent out is gained by lower costs in renting or buying. The playing field becomes even regardless of when you are born.

Also, government can build commercial and real-estate rentals and/or buy existing ones to maintain a balance of supply and demand. Centralized planning is exactly what big corporations do. It doesn't magically become evil because government does it, or we'd have to disband the military.

18   Dan8267   2015 Sep 8, 4:29pm  

Only a small minded, and small penis, person like you would call promoting economic reform whining. Here, I'm thinking about the well being of hundreds of millions of Americans and you are still obsessed with petty jealousy. Being who you are is both your crime and your punishment.

19   Strategist   2015 Sep 8, 6:24pm  

Dan, what makes you think government controlled housing will make our society better off? Show me examples of where it actually worked? Which countries?
Building homes and anything related like renting in the hands of private ownership creates Economic efficiency. The government is the most inefficient entity you can ever create.
Communism by any other names, fails just as much.

20   Dan8267   2015 Sep 8, 6:40pm  

Strategist says

Dan, what makes you think government controlled housing will make our society better off?

Once again, you miss the point. You obsess so much over it being "government controlled" when that's merely an implementation detail. Economics is not about whether government runs a service or a business does. Economics is about HOW the business is run, not who runs it. You're so obsessed over state-vs-private religious dogma that you cannot even consider the mechanism being implemented. The damn thing could be ran completely by computers owned by a troop of monkeys if it's implemented correctly.

Strategist says

Show me examples of where it actually worked?

That which has never been done before can never be done. In 1900, no one had ever successfully flown a power craft. Therefore, airplanes are impossible. No one had ever gone into space, therefore the moon landing was impossible. No one had ever created a world-wide network of computers. Therefore the Internet is impossible and you must not be using it right now. All your experiences on Pat Net have been the ravings of a mad man.

How foolish is it to limit society to the failures and short-comings of the past.

Strategist says

Building homes and anything related like renting in the hands of private ownership creates Economic efficiency.

Feel free to prove that.

Strategist says

The government is the most inefficient entity you can ever create.

That too.

Just because conservatives are bad at government doesn't mean government has to be bad.

If the government is so god-damn bad at god-damn everything, we should get rid of the military. That's the god-damn biggest part of the government. Does our military suck as much ass as your statement implies?

Strategist says

Communism by any other names,

The fact that you think my reforms are an implementation of communism shows you know nothing about economic systems including communism and capitalism. You might as well say the U.S. is a communist society because the roadways and sewer systems are public.

21   Dan8267   2015 Sep 8, 7:05pm  

Ironman says

I like to touch young children and farm animals.

See, it works both ways.

22   bob2356   2015 Sep 8, 7:09pm  

Dan8267 says

Strategist says

Show me examples of where it actually worked?

That which has never been done before can never be done. In 1900, no one had ever successfully flown a power craft. Therefore, airplanes are impossible. No one had ever gone into space, therefore the moon landing was impossible. No one had ever created a world-wide network of computers. Therefore the Internet is impossible and you must not be using it right now. All your experiences on Pat Net have been the ravings of a mad man.

How foolish is it to limit society to the failures and short-comings of the past.

What a totally bogus argument. You are just bullshitting. In 1900 the technology for planes were just being invented. Houses have been built for over 10,000 years, governments have been around longer. Show one example where your plan has worked.

Dan8267 says

bob2356 says

If there can be zero profit from the sale of real estate why would anyone ever build a building or even buy the land at all?

1. Because they want to live in a house they have control over with a yard they can landscape.

2. Because they want more room than a three-bedroom apartment.

3. Because they want space from their neighbors.

4. Because they want to run a business in a commercial building.

So anyone who wants a new house has to be their own general contractor? Yea right. Obviously you've never done a construction loan. Come to think of it how does a subdivision get done in your grand scheme? No profit, no one is going to do it. Oh I forgot, the government is going to parcel out all the land on a fair and equal basis. Whatever you smoke I want some.

23   Dan8267   2015 Sep 8, 8:23pm  

bob2356 says

What a totally bogus argument. You are just bullshitting.

It would seem that way to someone lacking the intelligence to follow the argument.

24   bob2356   2015 Sep 8, 11:07pm  

Dan8267 says

bob2356 says

What a totally bogus argument. You are just bullshitting.

It would seem that way to someone lacking the intelligence to follow the argument.

There wasn't an argument, you only believe you made an argument. If you believe that something that hasn't been done because the technology doesn't exist yet is equivalent to something that hasn't been done even though the technology has existed for 10000 years then there is no point debating it with you.

Looks like someone is lacking the intelligence to respond. Why after 10000 years of building houses (as opposed to things that haven't been accomplished yet like flight in 1900) and having government hasn't anyone tried your plan, much less tried it successfully? Maybe if we wait for say another 10000 years it will happen?

25   Entitlemented   2015 Sep 8, 11:32pm  


i think it's to distinguish between income from productive activity, like work, and income from non-productive rent seeking

The exodus of manufacturing beckoned passive and non - productive work. The economy has been propped up by financial schemes, but as you indicate their is a great deal of malinvestment.

Having a strong and broad R&D and Manufacturing capability would enable more productive work. The origins in housing bubbles, the stock market crash of 1999 and the current QE all have their roots in malinvestment.

26   CL   2015 Sep 9, 10:45am  

Dan8267 says

Just because conservatives are bad at government doesn't mean government has to be bad.

If the government is so god-damn bad at god-damn everything, we should get rid of the military. That's the god-damn biggest part of the government. Does our military suck as much ass as your statement implies?

I was just wondering this. When money goes to a Government employee (or service member), don't they spend it in the larger economy? So the only logic I can think of, is that somehow when a veteran spends it it circulates better than if a DMV employee spends it, which seems ludicrous.

But then, I don't see how Government spending is inherently worse than private sector spending. Perhaps the rightwing can show us? Or do we accept it as a truism like we do that Jeevis was born on Christmas?

27   Dan8267   2015 Sep 9, 10:58am  

bob2356 says

There wasn't an argument, you only believe you made an argument.

You can assert that George Washington rode a dinosaur while fighting the Nazis in the American Civil War as many times as you like. It doesn't make it true.

The argument I made is that PCM can perfectly represent any recording that a vinyl record can. If you don't realize that this argument was made, that's due entirely to your lack of reading comprehension skills. Your failure to see this argument and its justification is on you and you alone.

28   Dan8267   2015 Sep 9, 11:01am  

CL says

So the only logic I can think of, is that somehow when a veteran spends it it circulates better than if a DMV employee spends it, which seems ludicrous.

Generalize this statement to all of conservative economic dogma and you will have a fundamental truth.

There are two fundamental flaws in capitalism that are intrinsic features of the economic model. The first is rewarding only bargaining power, not productivity. The second is concentrating wealth in the hands of a few individuals which cause the virtuous cycle of productivity and consumption to come to a halt. The reforms I presented above address, but do not completely solve, both of these two flaws.

Greed is not good. Productivity is.

29   Dan8267   2015 Sep 9, 11:14am  

CL says

I don't see how Government spending is inherently worse than private sector spending.

It's not. Wasteful spending, whether public or private, is bad. Useful spending, government or private, is not.

Conservative economic dogma says that government spending is by definition wasteful and private spending is by definition not. This is like saying giraffes are by definition taller than cats. Conservatives can never justify their dogma with empirical evidence. When questioned, they get offended and call you a communist. Economics is the new religion. It must be taken on faith and anyone who questions dogma is a heretic. You can see this attitude in every post they make.

The alternative, which I advocate, is to treat economics as an engineering discipline subject to the scientific method including reproducible and verifiable results. No religion, no cultural or nationalistic preferences should be considered when evaluating economics. Only math, logic, and empirical verification counts.

Furthermore, economic systems are like underwear; you change them whenever you need to. There is no ideal economic system, just an optimal economic system for a particular environment. Anyone who states that economic system A is the best is simply a fool. A wise person says that economic system A is best for conditions c[1] through c[n].

Conservatives are also extremely hypocritical about all their dogma. If government spending is wasteful, then the U.S. military spending is the most wasteful thing about our economy. Yet conservatives love military spending, so they completely ignore their dogma for that. And since military spending does not produce capital or consumer goods, it is highly wasteful compared to programs like Social Security and welfare in which people spend the payments on capital and consumer goods.

There are two kinds of ways of looking at the universe, rational and irrational. The rational person questions everything, seeks evidence and understanding, and is willing to change his mind if evidence gives him a reason to. The rational person is a skeptic; he demands to be convinced.

The irrational person accepts dogma, bases his beliefs on his feelings and cultural preferences, believes what his parents and grandparents did because that's the way he was brought up, considers questioning to be an attack on him and his culture, cannot justify his beliefs and is insulted when asked to, and will not change his mind on anything because doing so is an affront to his culture. The irrational person is faithful; he refuses to be convinced.

Faith is always a bad thing. It accomplishes no good that is not more easily and reliably accomplished through reasoning, and it prevents the correction of mistakes and bad ideas.

30   Patrick   2015 Sep 10, 7:47am  

Dan8267 says

There are two kinds of ways of looking at the universe, rational and irrational. The rational person questions everything, seeks evidence and understanding, and is willing to change his mind if evidence gives him a reason to.

"irrational" people are usually quite understandable once you get their subtext. the irrational overt speech is a small part of their logic. the larger part is submerged and only hinted at by their conclusions, which give them some emotional satisfaction they are not going to get from putting everything out in the open.

so you're just never going to get anywhere with them by keeping everything out in the open. you have to play along in some way with their subtext, which is usually something so politically incorrect or embarassing that they simply cannot make it part of the argument. and they themselves may not even be consciously aware of why they feel so much better when they come to certain conclusions.

the subtexts are not about objective facts, but instead about belonging to a team, or fear of loss, intense disgust at gays, or some other emotional topic. religion is a perfect example. if the rational conclusion is that they are going to die and be dead forever, never to see family and friends again, then the conclusion is so unacceptable that various "proofs" of their religion start to seem logical to them. aggressively pointing out flaws in their logic is taken as an attack on their life! so they're just not going to agree with you, because then they're dead.

31   resistance   2015 Sep 10, 7:59am  

CL says

But then, I don't see how Government spending is inherently worse than private sector spending. Perhaps the rightwing can show us? Or do we accept it as a truism like we do that Jeevis was born on Christmas?

that's easy:

"government spending" is a code phrase for "taking white people's money and giving it to lazy black people and illegal immigrants so they can party and reproduce while we work". this feels bad.

but "military spending" is a code word for "protecting me and my family from foreign crazies". this feels good.

so it's not about government spending per se. it's about "is it good for me and my people?"

but open speech about lazy black people or foreign crazies is politically incorrect, and we live in a place and time where political correctness is enforced ruthlessly. being politically incorrect can cost you your job or get you kicked out of a university. witness the attempt to get donald trump to apologize on tv for his phrase "anchor babies". when he flat-out refused to apologize, he became an instant hero to all the people who have been shamed for their actual opinions, and he became more likely to become president. trump is a reaction to the suppression of free speech.

32   Dan8267   2015 Sep 10, 1:10pm  


"irrational" people are usually quite understandable once you get their subtext.

Subtext is just another word for dishonesty. If a belief is good, you should be able to justify it openly and clearly. If you can't, that should tell you to reject the belief.

33   Dan8267   2015 Sep 10, 1:11pm  


but "military spending" is a code word for "protecting me and my family from foreign crazies". this feels good.

As well as foreigners who fight back when we steal their natural resources. Only white Christian Americans have property rights.

34   MisdemeanorRebel   2015 Sep 10, 1:29pm  

Relative gains folks. Going from 5 people in a bark-covered hole in the ground drinking river water with horses shitting on dirt roads inches from your birchbark roof to 5 people living in a 600 sq ft Steel, Cement, and Brick Kruschev Apartment with running water and a heating system that turns the place into a sauna, served by light rail running right outside the building door, is a major promotion over the course of 40 years. Especially when the population increases by a vast degree, as well as mass urbanization to boot.

Going from a 600 sq ft tenement with one cold water faucet and bathroom shared between 5 apartments to a 1000 sq ft ticky tack shack is also a step up, but not to the same degree.

35   FortWayne   2015 Sep 10, 4:13pm  

Dan your problem is that you think you know what others should have or what others want, when in reality you don't know any of that. You just know what you want, not what others desire. And your methods would bring communistic reforms, not free market anything. You really haven't proposed any solutions other than to just take away more from others and redistributing it. That creates nothing, pie is still same size, you just want other peoples stuff.

36   Dan8267   2015 Sep 10, 4:25pm  

Sharing knowledge is the entire purpose of an Internet forum. Anyone who looks down on the exchange of ideas and knowledge is an idiot.

37   FortWayne   2015 Sep 10, 4:40pm  

Dan8267 says

As well as foreigners who fight back when we steal their natural resources. Only white Christian Americans have property rights.

Dan you seriously have no idea what you are talking about here. You are letting your hatred for Christianity cloud your judgement.

38   MisdemeanorRebel   2015 Sep 10, 4:43pm  

FortWayne says

Dan you seriously have no idea what you are talking about here. You are letting your hatred for Christianity cloud your judgement.


We gonna take this land from them Goddamn Pagan Dirt Worshippers and make this the City on a Shining Hill.

39   Dan8267   2015 Sep 10, 6:23pm  

jazz music says

Oh Dan I always bristle when I hear engineers justifying sociological ends according to engineering values and efficiency

Engineering is not a cold-hearted discipline concerned only with efficiency. Engineering is about understanding a problem completely, examining all possible solutions, and choosing the best outcome based on values. Rationality is never a vice if your values are good.

40   Dan8267   2015 Sep 10, 6:24pm  

thunderlips11 says

Wayne thinks that the genocides of the Native Americans by his ancestors was a good thing. Manifest destiny and all.

41   FortWayne   2015 Sep 10, 7:43pm  

thunderlips11 says

We gonna take this land from them Goddamn Pagan Dirt Worshippers and make this the City on a Shining Hill.

They lost the war, suck it up. Indians back then were nothing more than savages. It changed now, since civilization came to them, but it also destroyed theirs in the process. It's just how life always is, theirs wasn't the first to deal with being conquered. What's with you liberals getting hung up on 5th grade history lessons.

42   FortWayne   2015 Sep 10, 7:45pm  

Dan8267 says

Engineering is about understanding a problem completely, examining all possible solutions, and choosing the best outcome based on values.

So you are not an engineer than Dan, cause what you described isn't what you are.

43   FortWayne   2015 Sep 10, 7:47pm  

jazz music says

One of the reasons I stay away is you right wing clowns make me sick!

It ain't right wing, it's just Dan is a local communist who thinks that he speaks for the masses. All his solutions to everything is "redistribution". If you agree with Dan on that, I guess you would be in the same boat.

44   MisdemeanorRebel   2015 Sep 10, 7:58pm  

jazz music says

Ireland had loyalists who were JUST like you even while British were exporting Ireland's AMPLE harvested food and commandeering Ireland's fishing vessels on the high seas claiming famine, calling it Ireland's Potato famine when it was really England who had the failed potato crop.

Don't forget the British in India. They had an Irish Potato famine every few years.

But nobody will write the Black Book of Capitalism.

FortWayne says

They lost the war, suck it up. Indians back then were nothing more than savages. It changed now, since civilization came to them, but it also destroyed theirs in the process. It's just how life always is, theirs wasn't the first to deal with being conquered. What's with you liberals getting hung up on 5th grade history lessons.

Wow, dude.

So, might makes right.

If Donald Trump pays off the cops and takes your house to build the "Trump Towers V", you'll be down with that?

Let's get rid of the judiciary, and save ourselves money. Anybody who can take somebody else's shit, deserves it.

45   Patrick   2015 Sep 10, 8:27pm  

Dan8267 says

Subtext is just another word for dishonesty. If a belief is good, you should be able to justify it openly and clearly. If you can't, that should tell you to reject the belief.

subtext is how humans talk to each other.

you cannot just say what you mean. the open and clear justification of a belief may be impossible to say either because you don't know it, or because it's a huge violation of the political correctness of your time and place.

it's a lot like dating 101. if you say "hey, wanna fuck?" you are guaranteed to get nowhere. but if you simply chat with someone else, the subtext is that you're interested in them, and if they chat back you are suddenly more likely to get what you want.

46   FortWayne   2015 Sep 10, 9:14pm  

thunderlips11 says

So, might makes right.

It's not might makes right or wrong, its that winners get to write history books.

At that time, it was right, we won. Our civilization prevailed, end of story.

47   Dan8267   2015 Sep 10, 9:47pm  

FortWayne says

So you are not an engineer than Dan, cause what you described isn't what you are.

That's the dumbest thing I ever heard.

FortWayne says

It ain't right wing, it's just Dan is a local communist who thinks that he speaks for the masses. All his solutions to everything is "redistribution".

I stand corrected.

48   Dan8267   2015 Sep 10, 9:47pm  


subtext is how humans talk to each other.

you cannot just say what you mean. the open and clear justification of a belief may be impossible to say either because you don't know it, or because it's a huge violation of the political correctness of your time and place.

Yep, and that is why your species is inferior.

49   Y   2015 Sep 10, 10:14pm  

Crimea is a shining example of such...

thunderlips11 says

Wow, dude.

So, might makes right.

50   Y   2015 Sep 10, 10:22pm  

not really, since rgIII got demoted...

FortWayne says

Indians back then were nothing more than savages. It changed now,

51   Y   2015 Sep 10, 10:24pm  

guess that makes SBH king of the hill...

thunderlips11 says

Anybody who can take somebody else's shit, deserves it.

52   zzyzzx   2015 Sep 11, 10:31am  

The initial graphic is wrong. Trickle down works fine, it's just that it's been trickling down to China, Mexico, India, Brazil, Thailand for the past few decades.

53   MisdemeanorRebel   2015 Sep 11, 11:27am  

SoftShell says

Crimea is a shining example of such...

Yes, Crimeans are so mad they finally got away from Kiev's rule after 2 and a half decades.

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