WarrenJ Posted June 14, 2009 Report Share Posted June 14, 2009 Can someone explain to me just exactly why our liberal brethren find this so difficult to understand? Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
KHE Posted June 14, 2009 Report Share Posted June 14, 2009 It is impossible for them to get it through their thick skulls... even if you plug one of their ears and explain it very slowly, it still wouldn't sink in. Kevin '93 Fleetwood Brougham '05 Deville '04 Deville 2013 Silverado Z71 Link to comment Share on other sites More sharing options...
Marika Posted June 14, 2009 Report Share Posted June 14, 2009 The rich don't just flee from the grip of the State or the Feds, they flee the country altogether. Many currently own or are in the process of owning, a home "overseas". It's just another way to try to beat the system and not pay taxes. If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans. Link to comment Share on other sites More sharing options...
Texas Jim Posted June 14, 2009 Report Share Posted June 14, 2009 Warren, I wish I could answer your question. I can't. I don't understand why "ANYONE" don't see it. If my city taxed me more, just because I made more money than the guy next door...I would sell the house and move to a place where I could keep more of my money. It is so simple and obvious...it bumfuzzles me why some people just can't understand the logic of it. On a slightly different note... I have a long time friend that voted for the big "O". He is a retired union GM autoworker. Haven't talked to him lately to see what he thinks of the "CHANGE." Link to comment Share on other sites More sharing options...
WarrenJ Posted June 14, 2009 Author Report Share Posted June 14, 2009 http://en.wikipedia.org/wiki/Laffer_curve "In economics, the Laffer curve is used to illustrate the idea that increases in the rate of taxation do not necessarily increase tax revenue. (For instance, whereas a 0% income tax rate will generate no revenue, neither will a 100% rate, as citizens will have no incentive to make money). Increasing taxes beyond the peak of the curve point will decrease tax revenue. The Laffer curve was popularized by Arthur Laffer (b. 1940) in the 1980s. However, the idea is not new to him, nor did he claim as much: it dates to the 14th century North African polymath Ibn Khaldun, who discusses the idea in his 1377 Muqaddimah. More recently, in his General Theory of Employment, Interest, and Money, John Maynard Keynes[1] described how past a certain point, increasing taxation would lower revenue and vice versa." No advanced degree is required; this is simple common sense. Maryland went beyond the peak of the curve. Your legislators, who hold your fate in their hands, don't seem to grok this. Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
WarrenJ Posted June 14, 2009 Author Report Share Posted June 14, 2009 ... even if you plug one of their ears and explain it very slowly, it still wouldn't sink in. You're right. I've tried it; it doesn't work. <sigh> Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
BodybyFisher Posted June 14, 2009 Report Share Posted June 14, 2009 http://en.wikipedia.org/wiki/Laffer_curve "In economics, the Laffer curve is used to illustrate the idea that increases in the rate of taxation do not necessarily increase tax revenue. (For instance, whereas a 0% income tax rate will generate no revenue, neither will a 100% rate, as citizens will have no incentive to make money). Increasing taxes beyond the peak of the curve point will decrease tax revenue. The Laffer curve was popularized by Arthur Laffer (b. 1940) in the 1980s. However, the idea is not new to him, nor did he claim as much: it dates to the 14th century North African polymath Ibn Khaldun, who discusses the idea in his 1377 Muqaddimah. More recently, in his General Theory of Employment, Interest, and Money, John Maynard Keynes[1] described how past a certain point, increasing taxation would lower revenue and vice versa." No advanced degree is required; this is simple common sense. Maryland went beyond the peak of the curve. Your legislators, who hold your fate in their hands, don't seem to grok this. Regards, Warren You know, the press put Bush under a magifying glass and published his grades. I wonder what OB Method got in Economics? Did he even take any Economics classes? I think a thorough understanding of Economics is mandatory, along with having owned a business and had a payroll Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
KHE Posted June 15, 2009 Report Share Posted June 15, 2009 I get so disgusted when I hear the phrase "tax the rich"... the "rich" are the ones who own companies who provide jobs - good paying jobs whose employees spend money in the economy. The liberal morons would rather penalize someone for being successful and believe the future of this country is the single mother on welfare with two or three illigimate kids... My questions to the said liberal democrat is, "how many jobs is the single mother on welfare creating? What good is that person doing for the rest of society or the economy?" Kevin '93 Fleetwood Brougham '05 Deville '04 Deville 2013 Silverado Z71 Link to comment Share on other sites More sharing options...
WarrenJ Posted June 15, 2009 Author Report Share Posted June 15, 2009 http://en.wikipedia.org/wiki/Laffer_curve "In economics, the Laffer curve is used to illustrate the idea that increases in the rate of taxation do not necessarily increase tax revenue. (For instance, whereas a 0% income tax rate will generate no revenue, neither will a 100% rate, as citizens will have no incentive to make money). Increasing taxes beyond the peak of the curve point will decrease tax revenue. The Laffer curve was popularized by Arthur Laffer (b. 1940) in the 1980s. However, the idea is not new to him, nor did he claim as much: it dates to the 14th century North African polymath Ibn Khaldun, who discusses the idea in his 1377 Muqaddimah. More recently, in his General Theory of Employment, Interest, and Money, John Maynard Keynes[1] described how past a certain point, increasing taxation would lower revenue and vice versa." No advanced degree is required; this is simple common sense. Maryland went beyond the peak of the curve. Your legislators, who hold your fate in their hands, don't seem to grok this. Regards, Warren You know, the press put Bush under a magifying glass and published his grades. I wonder what OB Method got in Economics? Did he even take any Economics classes? I think a thorough understanding of Economics is mandatory, along with having owned a business and had a payroll To go just slightly beyond your point, I would urge all high school students be taught two semesters of "basic economics" before graduation. It's NOT too much to ask. It would have helped me learn a lot quicker the things I've learned over the years through the school of "hard knocks." I expect, however, the teacher's unions wouldn't find that much to their advantage. THAT should give you pause. Think about it. Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
WarrenJ Posted June 15, 2009 Author Report Share Posted June 15, 2009 I get so disgusted when I hear the phrase "tax the rich"... the "rich" are the ones who own companies who provide jobs - good paying jobs whose employees spend money in the economy. The liberal morons would rather penalize someone for being successful . . . . I work for a large corporation in a position I enjoy. I didn't seek out a poor person when I sought employment; rather, I sought a "rich" person to provide my means of employment. Does that sound odd? NOPE! I didn't think so. If you think a "poor person" is the one to provide you a job, then good luck with your position at the Welfare Office. Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
BodybyFisher Posted June 15, 2009 Report Share Posted June 15, 2009 http://en.wikipedia.org/wiki/Laffer_curve "In economics, the Laffer curve is used to illustrate the idea that increases in the rate of taxation do not necessarily increase tax revenue. (For instance, whereas a 0% income tax rate will generate no revenue, neither will a 100% rate, as citizens will have no incentive to make money). Increasing taxes beyond the peak of the curve point will decrease tax revenue. The Laffer curve was popularized by Arthur Laffer (b. 1940) in the 1980s. However, the idea is not new to him, nor did he claim as much: it dates to the 14th century North African polymath Ibn Khaldun, who discusses the idea in his 1377 Muqaddimah. More recently, in his General Theory of Employment, Interest, and Money, John Maynard Keynes[1] described how past a certain point, increasing taxation would lower revenue and vice versa." No advanced degree is required; this is simple common sense. Maryland went beyond the peak of the curve. Your legislators, who hold your fate in their hands, don't seem to grok this. Regards, Warren You know, the press put Bush under a magifying glass and published his grades. I wonder what OB Method got in Economics? Did he even take any Economics classes? I think a thorough understanding of Economics is mandatory, along with having owned a business and had a payroll To go just slightly beyond your point, I would urge all high school students be taught two semesters of "basic economics" before graduation. It's NOT too much to ask. It would have helped me learn a lot quicker the things I've learned over the years through the school of "hard knocks." I expect, however, the teacher's unions wouldn't find that much to their advantage. THAT should give you pause. Think about it. Regards, Warren I agree 100%, they should get economic history, theory, etc, it should be mandatory, like MATH and SCIENCE Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
WarrenJ Posted June 15, 2009 Author Report Share Posted June 15, 2009 I agree 100%, they should get economic history, theory, etc, it should be mandatory, like MATH and SCIENCE OKAY, here's where I get a bit nasty. Note that I mentioned before the unions weren't pleased to have its students educated in economics. It's far worse than that. They don't want our children educated at all in anything that doesn't approach socialism. I am witnessing, before my very eyes, the country I grew up in become a European Socialist state, while at the same time, Europe marches away from that moniker. THINK: The U.S. used to be the world's greatest creditor nation; now the world's greatest debtor nation. The U.S. used to have the greatest schools; now we don't even rank in the top ten. The U.S. used to have the greatest life expectancy and any number of other great statistics. NOW . . . ? It's not good folks I'll leave it to you to assess the blame. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
BodybyFisher Posted June 15, 2009 Report Share Posted June 15, 2009 Affirmative Action, when we rewarded second best because of other reasons Television, just sit one day and browse through the low life garbage and agendas that is on and that is being pushed Indoctrination of our youth by Disney films and TV The glorification of bad behavior T.O., Rodman, Spears, Snoopdog, etc A lack a discipline in schools, I was slapped many times in school by NUNS, try doing that today Passing students to the next level, when have you heard of a student being left back recently? When winning was not considered good and we stopped keeping score and everybody regardless of skill and hard work was required to play When we gave academic awards to students that did not deserve it to make them feel good (my daughter is getting an academic award and she is lazy and does NOT do her homework nor does she deserve it). What does that cement home?, she does not have to work hard to get recognition Reverse discrimination and double standards CRA (community reinvestment act) The dropping of credit standards MTV, VH1 and the lack of talent in the music industry with its demeaning lyrics to polititians, women, police etc that is passed off as 'art' Everyone goes to college and the standards were dropped for admission and the curriculum The export of our manufacturing, knowledge and equipment. The disappearance of PRO AMERICAN ATTITUDE Need I go on Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
BodybyFisher Posted June 15, 2009 Report Share Posted June 15, 2009 How do you explain this? http://news.yahoo.com/s/ap/20090615/ap_on_...ers_celebration http://ballhype.com/story/boston_celtics_f..._after_victory/ http://www.associatedcontent.com/article/1...lies.html?cat=9 http://www.wbaltv.com/news/3840099/detail.html God forbid the police use too much force to stop this crap Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
WarrenJ Posted June 15, 2009 Author Report Share Posted June 15, 2009 A lack a discipline in schools, I was slapped many times in school by NUNS, try doing that today Oh Lord! You knew Sister Sledge also??? Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
WarrenJ Posted June 15, 2009 Author Report Share Posted June 15, 2009 The rich don't just flee from the grip of the State or the Feds, they flee the country altogether. Many currently own or are in the process of owning, a home "overseas". It's just another way to try to beat the system and not pay taxes. I subscribe to a financial newsletter whose author is generally conservative. He aims to produce profit results of 12%/year. Of late I've been horrified by his new and growing obsession with his advocation of the the need to have assets "offshore." Including homes! Sorry, I'm not in that income bracket. He's gone so far as to say that while you must own physical gold, you shouldn't keep it in a safe deposit box. That, in his estimation, would only make it easier for the government to seize it as Roosevelt did in 1933. WOW! Scary stuff. While I think he's a bit premature (in a paranoid sort of way), I'm watching his stuff with interest. I should point out I don't mind paying taxes in a constructive fashion; I will, however, *b-eye-itch* when my dollars are clearly wasted. Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
BodybyFisher Posted June 16, 2009 Report Share Posted June 16, 2009 You should talk to Regis, Warren, he was getting into GOLD about 2 years ago, not sure who he was getting advice from, but Regis is pretty sharp Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
WarrenJ Posted June 16, 2009 Author Report Share Posted June 16, 2009 You should talk to Regis, Warren, he was getting into GOLD about 2 years ago, not sure who he was getting advice from, but Regis is pretty sharp I made a bloody killing in gold back in 1980. Until about a year and a half ago I had sworn off that yellow stuff. Now, I guess you might call me a born-again "goldbug." I currently own five gold mining stocks in addition to "GLD." Add three silver mining stocks to that portfolio. A position in NAK might make you wealthy one day. I'm watching my mailbox daily in anticipation of the delivery of my just ordered MS70 first-strike silver eagles. While our government continues to print imaginary money the Chinese laugh at, you might take similar steps to safeguard your wealth. Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
BodybyFisher Posted June 16, 2009 Report Share Posted June 16, 2009 You should talk to Regis, Warren, he was getting into GOLD about 2 years ago, not sure who he was getting advice from, but Regis is pretty sharp I made a bloody killing in gold back in 1980. Until about a year and a half ago I swore off that yellow stuff. Now, I guess you might call me a born-again "goldbug." I currently own five gold mining stocks in addition to "GLD." Add three silver mining stocks to that portfolio. A position in NAK might make you wealthy one day. I'm watching my mailbox daily in anticipation of the delivery of my just ordered MS70 first-strike silver eagles. While our government continues to print imaginary money the Chinese laugh at, you might take similar steps to safeguard your wealth. Regards, Warren That is if I had wealth to safeguard Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
WarrenJ Posted June 16, 2009 Author Report Share Posted June 16, 2009 Joking aside, I have an E-Trade "Global Trading" account that allows me to trade on foreign exchanges. I'm fond of a few Canadian issues that aren't available on the AMEX. So, I trade on the Toronto exchange. Understandably, I keep some cash aside in that account. It has grown against the U.S. Dollar. Yep! Didn't do anything. Made money. Neat. Are you aware not one single Canadian bank has failed this year? It seems they've chosen not to participate in the global monetary meltdown sponsored by our Congress. Now, I'm not too thrilled with their medical system, but I gotta love their banking system! Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
JimD Posted June 16, 2009 Report Share Posted June 16, 2009 ....Are you aware not one single Canadian bank has failed this year? The method of establishing and governing the limited number of banks in Canada makes an ideal B School case study on "How to do it right". Limited numbers in the sense there are no "community" banks; the established national banks [there are five or six (can't remember the number)] and between them they have branches everywhere. Including Georgia. The Royal Bank of Canada operates here as RBC; I guess the Royal part would be considered a turn-off. Jim Drive your car. Use your cell phone. CHOOSE ONE ! Link to comment Share on other sites More sharing options...
WarrenJ Posted June 16, 2009 Author Report Share Posted June 16, 2009 I guess the Royal part would be considered a turn-off. Not if you're talkin' about Chocolate Royale. *Save the Earth. It's the only planet with Chocolate!* :=) There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
Texas Jim Posted June 16, 2009 Report Share Posted June 16, 2009 I guess the Royal part would be considered a turn-off. Not if you're talkin' about Chocolate Royale. *Save the Earth. It's the only planet with Chocolate!* :=) Crown Royale? Link to comment Share on other sites More sharing options...
WarrenJ Posted June 16, 2009 Author Report Share Posted June 16, 2009 I guess the Royal part would be considered a turn-off. Not if you're talkin' about Chocolate Royale. *Save the Earth. It's the only planet with Chocolate!* :=) Crown Royale? Oh, apparently my mistake . . . There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
Texas Jim Posted June 16, 2009 Report Share Posted June 16, 2009 Warren, Your reference to "GROK" is right on the money. The politicians just DON'T. BTW...Love Heinlien. Link to comment Share on other sites More sharing options...
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