I have some reservation with just one thing Brook says here. I think some in Washington, probably the most powerful ones, know EXACTLY what they’re doing, and they’re doing it in cold blood. They have to be STOPPED. We can talk, educate and intellectualize, and that’s needed. But, ultimately, we must deal with people in positions of power who are fundamentaly opposed to us and who know it. We have to know it as well or better than they do. Only one kind of argument will work on them. We must get it, have it and in the most optimally effective way, use it.
bisonaudit:The corporate tax is rersvgsiee. I pay 37%. Warren Buffet pays 37%. He has a lot more expendable income than I do. That makes it a rersvgsiee tax.Furthermore, one of the biggest problems this country has over the last thirty years or so, as you so aptly allued to earlier, is the fact that the upper 1% is becoming so far out of reach, it’s unfathomable for most of us to realize how far out of reach that is. The rersvgsiee corporate income tax is part of what is wrong with that picture, and everyone who has a 401k pays a corporate income tax. I also don’t think anyone was trying to say that renters don’t pay property taxes. The property taxes I pay are figured in with my rent. A normalized environment is exactly what I’m talking about here. In a normalized environment figuring a long term average, renting is a much better investment than buying unless you have enough cash sitting around to pay off half the value of the home right away.
I read recently that unfunded US liabilities are $221 trillion and that, globally, the amount of credit is $667 trillion. I don’t know if these are factual nor if the global credit is based on savings or state counterfeiting.
5 Comments to “Yaron Answers: Why Is Unemployment So High?”
I have some reservation with just one thing Brook says here. I think some in Washington, probably the most powerful ones, know EXACTLY what they’re doing, and they’re doing it in cold blood. They have to be STOPPED. We can talk, educate and intellectualize, and that’s needed. But, ultimately, we must deal with people in positions of power who are fundamentaly opposed to us and who know it. We have to know it as well or better than they do. Only one kind of argument will work on them. We must get it, have it and in the most optimally effective way, use it.
What Mike said.
Yes, Mr. Cloud. That’s what I said. That’s what I think. What do you think?
bisonaudit:The corporate tax is rersvgsiee. I pay 37%. Warren Buffet pays 37%. He has a lot more expendable income than I do. That makes it a rersvgsiee tax.Furthermore, one of the biggest problems this country has over the last thirty years or so, as you so aptly allued to earlier, is the fact that the upper 1% is becoming so far out of reach, it’s unfathomable for most of us to realize how far out of reach that is. The rersvgsiee corporate income tax is part of what is wrong with that picture, and everyone who has a 401k pays a corporate income tax. I also don’t think anyone was trying to say that renters don’t pay property taxes. The property taxes I pay are figured in with my rent. A normalized environment is exactly what I’m talking about here. In a normalized environment figuring a long term average, renting is a much better investment than buying unless you have enough cash sitting around to pay off half the value of the home right away.
I read recently that unfunded US liabilities are $221 trillion and that, globally, the amount of credit is $667 trillion. I don’t know if these are factual nor if the global credit is based on savings or state counterfeiting.