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2012 Election


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  #231 (permalink)
 
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 Jedi 
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Silver Dragon View Post
Always with you it cannot be done.

The same can be said about "trying" to create a better world and level out the playing field..

The high taxes in Europe has never stopped people from getting rich but it has raised their overall standard of living as a whole.. When the economy is bad, nothing works even if you cut everything..

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 kbit 
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Jedi View Post
The same can be said about "trying" to create a better world and level out the playing field..

The high taxes in Europe has never stopped people from getting rich but it has raised their overall standard of living as a whole.. When the economy is bad, nothing works even if you cut everything..

How does taking more of my money away from me improve my standard of living ?

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Jedi View Post
The same can be said about "trying" to create a better world and level out the playing field..

The high taxes in Europe has never stopped people from getting rich but it has raised their overall standard of living as a whole.. When the economy is bad, nothing works even if you cut everything..

Why do you need a level playing field to succeed?

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 syxforex 
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Laffer Curve


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 kbit 
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It would be nice if the markets were more active so we wouldn't waste time bickering over this political crap..

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How does taking more of my money away from me improve my standard of living ?

That's what every European aristocrat and royalty prior to the French revolution used to say.. Was Europe better off then?

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Jedi View Post
The same can be said about "trying" to create a better world and level out the playing field..

The high taxes in Europe has never stopped people from getting rich but it has raised their overall standard of living as a whole.. When the economy is bad, nothing works even if you cut everything..

In Greece sure it increased standard of living for a while. It was a false prosperity. But eventually with big government you pay the piper. It is a mentality that kills innovation, efficiency and slowly poisons peoples thinking. In Greece the poor are now poorer and what was the middle class is now poor. People dying on the streets because their government health care system is failing.

Show me one U.S. government program that is not rife with waste, inefficient, and overspends because when they need more money don't have to compete for it like private sector and just raise taxes. The government does very little dollar for dollar to help anyone. If someone barely surviving on welfare is helping someone lets all get on welfare. Would be better for that person to have a decent job which come when private sector succeeds not big government.

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Why do you need a level playing field to succeed?

Every country wants a mass middle class and not big disparities.. Its better for the country and much more reasonable for those that want to better themselves.. People struggle financially for all kinds of unfortunate reasons.. We want to aim to raise them up and not turn a blind eye.. All of us can be in that situation just as fast..

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Jedi View Post
Every country wants a mass middle class and not big disparities.. Its better for the country and much more reasonable for those that want to better themselves.. People struggle financially for all kinds of unfortunate reasons.. We want to aim to raise them up and not turn a blind eye.. All of us can be in that situation just as fast..

Here in lies the problem. The government can't raise the struggling up. Even if you believe wealth should be redistributed it is beyond me how anyone could believe the government can do it. All our entitlement programs government kangaroo accounting aside are bankrupt. The type of thinking coming out of the Obama administration will only serve to pull others down and will not raise up the struggling.

Our current path is not sustainable. Either spending must be cut or all of the middle class taxed. Tax the rich won't put a dent in it. Higher taxes for middle class will make the middle class smaller. So we better start cutting spending and yes that means some will suffer initially but many better off in long run. .

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
  #240 (permalink)
 syxforex 
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Milton Friedman, the grandmaster of free market economics and the writer of Reaganomics has a set of rules that must be in place in order for the free market to work. One set is based on openness and fairness. You don't play the superbowl on a hill for a reason, it's not fair game otherwise.


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Economics wasn't your major was it?


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