patrick.net

junkmail says

I assume you're against the Fed bailout of the "free market economy"? If not you're a little inconsistent. So it's capitalism all the way while the DOW is touching 30,000 but when a world event takes place, the Fed steps in, IN DAYS and tells the market "We will buy it all", "junk bonds, corporate debt", "the lot". That doesn't sound like any capitalist society I know of. Sounds a lot like socialism.

You assume a lot.
1)The government demanded that businesses shut down and put people out of work. Now they have to be supported by the government or it’s an unworkable order. I think the government didn’t do enough to pay people and too much too pay corporations.
2)I’m not against the temporary stimulus. That is appropriate. What is not appropriate is making it long term. That incentivizes people to be non productive.
3)Shutting down was a mistake. We need to reopen immediately. Fuck the models! They are all bullshit.

WookieMan says

Where did you come up with this number???

Our average effective tax rate is 27.1% compared with 27.7% for the other 30 OECD countries, according to CRS.

https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-corporate-tax-rates/

personal

junkmail says

I assumed you were smart. My biggest mistake.

I never assumed that about you. Flawless!

https://reason.com/video/were-the-covid-19-lockdowns-a-mistake/