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InvisibleIcelander
The Minstrel in the Gallery
Male


Registered: 03/15/05
Posts: 95,368
Loc: underbelly
Re: Pope denounces trickle down economics [Re: zappaisgod]
    #19198086 - 11/27/13 08:01 PM (10 years, 2 months ago)

Quote:

zappaisgod said:
What species are you, again?




Same as you.


--------------------
"Don't believe everything you think". -Anom.

" All that lives was born to die"-Anom.

With much wisdom comes much sorrow,
The more knowledge, the more grief.
Ecclesiastes circa 350 BC


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Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
Re: Pope denounces trickle down economics [Re: sweeper54]
    #19198099 - 11/27/13 08:05 PM (10 years, 2 months ago)

Quote:

sweeper54 said:
Quote:

zappaisgod said:
Quote:

sweeper54 said:
Quote:

psyconaught said:
the pope should stick to spewing dogmatic religious bullshit. He doesn't know shit about economics.





What the FUCK? Dave Stockman denounced TDE, it's you clowns that cling to it for some unknown reason. All these year under it has sent hundreds of thousands of jobs overseas and given us the worst depression in 70 years.




It's worked wonderfully for me.  Trickle down has nothing to do with sending jobs overseas, unionism does.  I'm not going to parse depression/recession because it is irrelevant.  Government regulation has caused our economic woes.  Hiring is down because of Obamacare and what hiring is going on is part time, trickle down had nothing to do with any of it.
Quote:



EAT the rich!




Bring it.





so why are the jobs leaving NON-union China?




They are?
Quote:

At lot of the jobs that left the US were NON-UNION.




Trickle down wage inflation.
Quote:



Why won't you address the fact that the author of TDE says it was a failure?




Because I don't care what he says.  It has worked fabulously for me and my employees.


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Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
Re: Pope denounces trickle down economics [Re: Icelander]
    #19198103 - 11/27/13 08:07 PM (10 years, 2 months ago)

Quote:

Icelander said:
Quote:

zappaisgod said:
What species are you, again?




Same as you.




Are you sure? 

Some people are stupid.  Others are smart.  It is moronic to assert that the whole species is stupid.  Compared to what, exactly?


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
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Re: Pope denounces trickle down economics [Re: psyconaught]
    #19198144 - 11/27/13 08:18 PM (10 years, 2 months ago)

Quote:

psyconaught said:
no but there would be less barrier to entry in business creation. Therefore more jobs, etc, I really shouldn't need to explain this, the easier it is to do business the more people will start business's. Americans shouldn't be wasting time putting together barbie dolls anyway. We should be on the forefront of innovation and manufacturing. The government just makes it too damn difficult to do that.




"Americans shouldn't be wasting time putting together barbie dolls"

Why not?  We have plenty of low skilled and uneducated US citizens that aren't capable of much more, it's better than becoming a permanent leech off the government. In fact, before jobs like these were sent overseas, most US workers supported themselves and payed taxes.

"We should be on the forefront of innovation and manufacturing."

In a perfect world, but today we have highly skilled and educated people that don't live in the US, they live in China and elsewhere, and they want to be on the forefront of innovation. Do you think highly skilled and educated workers are exclusive to just the US?


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InvisibleWhite Beard

Registered: 08/13/11
Posts: 6,325
Re: Pope denounces trickle down economics [Re: zappaisgod]
    #19198173 - 11/27/13 08:25 PM (10 years, 2 months ago)

Quote:

zappaisgod said:
Voluntarily.  It is also clear on that.




Voluntarily under threat of eternal torment.


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Offlineusulpsychonaut
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Registered: 05/12/08
Posts: 2,814
Loc: Northland, New Zealand. Flag
Last seen: 2 years, 2 months
Re: Pope denounces trickle down economics [Re: psyconaught]
    #19198413 - 11/27/13 09:39 PM (10 years, 2 months ago)

Quote:

psyconaught said:
the pope should stick to spewing dogmatic religious bullshit. He doesn't know shit about economics.




I would think any pope would know a shit load of economics... Kinda wealthy people become popes right? Pretty sure this church has some tradition of opposing usury.


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InvisibleChinChiller
Male


Registered: 07/03/10
Posts: 3,270
Re: Pope denounces trickle down economics [Re: usulpsychonaut]
    #19198455 - 11/27/13 09:48 PM (10 years, 2 months ago)

I dont like the church at all and all popes are bullshit, but this Pope is way better in comparison with Benedict, who was the leader of the Magisterium and was the biggest fucking dogmatic biggot nazi of the past century.


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InvisibleIcelander
The Minstrel in the Gallery
Male


Registered: 03/15/05
Posts: 95,368
Loc: underbelly
Re: Pope denounces trickle down economics [Re: zappaisgod]
    #19199200 - 11/28/13 02:48 AM (10 years, 2 months ago)

Quote:

zappaisgod said:
Quote:

Icelander said:
Quote:

zappaisgod said:
What species are you, again?




Same as you.




Are you sure? 

Some people are stupid.  Others are smart.  It is moronic to assert that the whole species is stupid.  Compared to what, exactly?





Yeah I'm pretty sure. To think I might not be is not very intelligent or rational imo?  Seriously, how could one question I wasn't of the same species and be logical? That thinking would belong in the conspiracy forum.  Statements or questions like yours is what clues me in to my belief of the irrationality of humans.  Of course some are way more irrational than others imo.  But I think a certain amount of human folly is universal and belongs to the species at large.  It's not that I'm never impressed with a certain human but that's fairly rare and I never think they are fully rational in all areas especially emotionally.

I just watched an interesting documentary about four master mathematicians who worked on the same ideas having to do with infinity.  They all ended up in asylums and committing suicide according to this program.  Part of the problem was the times in which they were working as they turned out to be the correct ones but they were vilified by their peers and a public who couldn't emotionally except the paradigm shift that needed to occur with these ideas.

And so compared to what, imo is compared to what we usually claim about ourselves. But of course I'm speaking as one of the same species I believe to be irrational to a great deal. I certainly include myself here and I noticed this about myself when I was still fairly young.

And I never think in black and white terms that some are stupid and some are smart if I can help it because that's never turned out to be a completely rational way to view it.


It's pretty interesting if anyone wants to watch it.
http://topdocumentaryfilms.com/dangerous-knowledge/


--------------------
"Don't believe everything you think". -Anom.

" All that lives was born to die"-Anom.

With much wisdom comes much sorrow,
The more knowledge, the more grief.
Ecclesiastes circa 350 BC


Edited by Icelander (11/28/13 02:54 AM)


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Offlinestarfire_xes
I Am 'They'
Male User Gallery


Registered: 10/24/09
Posts: 21,590
Loc: Dallas with all the assho...
Last seen: 7 months, 1 day
Re: Pope denounces trickle down economics [Re: Icelander]
    #19201621 - 11/28/13 05:05 PM (10 years, 2 months ago)

I denounce trickle down Popes.  You all know what they have on their mind, if recent history is any indication....


--------------------


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InvisibleHalfLight
.
I'm a teapot


Registered: 06/03/13
Posts: 2,322
Loc: Black Flag
Re: Pope denounces trickle down economics [Re: qman] * 1
    #19202334 - 11/28/13 07:44 PM (10 years, 2 months ago)

Why is anyone talking about socialism? I don't see any quote from the pope mentioning socialism.
Perhaps he is merely in great support of the free market such as I am, and doesn't place value on bullshit tax exemptions and corporate subsidies.
Trickle down economics is fucking awful, and just benefits the rich. If no one touches the economy, it can truly flourish.


--------------------
dead man walking


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Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
Re: Pope denounces trickle down economics [Re: HalfLight]
    #19204783 - 11/29/13 12:45 PM (10 years, 2 months ago)

Quote:

TryinToTrip said:
Why is anyone talking about socialism? I don't see any quote from the pope mentioning socialism.
Perhaps he is merely in great support of the free market such as I am, and doesn't place value on bullshit tax exemptions and corporate subsidies.
Trickle down economics is fucking awful, and just benefits the rich. If no one touches the economy, it can truly flourish.





I don't believe government meddling in business is a feature of what is called trickle down economics.


--------------------


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InvisibleHalfLight
.
I'm a teapot


Registered: 06/03/13
Posts: 2,322
Loc: Black Flag
Re: Pope denounces trickle down economics [Re: zappaisgod]
    #19204803 - 11/29/13 12:51 PM (10 years, 2 months ago)

http://en.wikipedia.org/wiki/Trickle-down_economics
Quote:

"Trickle-down economics" and the "trickle-down theory" are terms in United States politics to refer to the idea that tax breaks or other economic benefits provided by government to businesses and upper income levels




Sounds like government meddling in business to me, and it's looked like it in the past.


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dead man walking


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Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
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Re: Pope denounces trickle down economics [Re: HalfLight]
    #19204822 - 11/29/13 12:56 PM (10 years, 2 months ago)

Not taxing business (tax breaks) is the opposite of meddling.  I don't know what other "economic benefits" means. 

Trickle down economics has nothing to do with the government at all.  It is the idea that people who make a lot of money will spend a lot of money and employ others down the line who in turn will spend money that employs yet others.  Wealth is not finite.


--------------------


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Offlinesweeper54
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Registered: 11/07/12
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Re: Pope denounces trickle down economics [Re: zappaisgod]
    #19204892 - 11/29/13 01:21 PM (10 years, 2 months ago)

Quote:

zappaisgod said:
Not taxing business (tax breaks) is the opposite of meddling.  I don't know what other "economic benefits" means. 

Trickle down economics has nothing to do with the government at all.  It is the idea that people who make a lot of money will spend a lot of money and employ others down the line who in turn will spend money that employs yet others.  Wealth is not finite.





The problem is the wealthy are not spending that money, they're hoarding it away and for most american it's not trickling down, if it was the middle-class would be doing better.

Get the money to the middle-class and they'll spend it and the rich will get richer also.


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OfflineDirtyTomFlint
( ಥـْـِـِـِـْಥ)
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Folding@home Statistics
Registered: 11/26/13
Posts: 1,879
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Re: Pope denounces trickle down economics [Re: Ellis Dee]
    #19204918 - 11/29/13 01:31 PM (10 years, 2 months ago)

Quote:

Ellis Dee said:
I am amazed that after all these years people are still loyal to a Pope/Ceasar in Rome. And after all the hindering of progress and genocide al inquisitions and mass murder they conducted in their religions name of the centuries people still want to participate in it, because they think the Pope is god's man on this planet...

I can never over estimate the stupidity of humans.

:picard:




This


--------------------




Know Your Body, Know Your Mind, Know Your Substance, Know Your Source


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 23 hours
Re: Pope denounces trickle down economics [Re: sweeper54]
    #19205113 - 11/29/13 02:41 PM (10 years, 2 months ago)

Quote:

sweeper54 said:
Quote:

zappaisgod said:
Not taxing business (tax breaks) is the opposite of meddling.  I don't know what other "economic benefits" means. 

Trickle down economics has nothing to do with the government at all.  It is the idea that people who make a lot of money will spend a lot of money and employ others down the line who in turn will spend money that employs yet others.  Wealth is not finite.





The problem is the wealthy are not spending that money, they're hoarding it away and for most american it's not trickling down, if it was the middle-class would be doing better.

Get the money to the middle-class and they'll spend it and the rich will get richer also.




"they're hoarding it away and for most american it's not tricking down"

This is true, not only are the wealthy hoarding their money, banks are also hoarding their "reserves" and are not lending money. This is not likely to change, both the wealthy and the banks know one thing, the economy is too weak and risky to invest in, the hoarding will continue for years if not decades.


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Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
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Re: Pope denounces trickle down economics [Re: qman]
    #19208240 - 11/30/13 11:29 AM (10 years, 1 month ago)

You do know that the government is forcing banks to keep more capital in reserve, right?


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
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Re: Pope denounces trickle down economics [Re: zappaisgod]
    #19208333 - 11/30/13 11:58 AM (10 years, 1 month ago)

Quote:

zappaisgod said:
You do know that the government is forcing banks to keep more capital in reserve, right?




Yes, also the current monetary policy (the rate of interest payed on reserves) provides no incentive for banks to make "risky" loans into the shaky economy.

It was recently suggested in a Federal Reserve meeting that the committee should consider reducing the rate payed on bank reserves, therefore potentially motivating the banks to make loans, as we all know, this won't work at all.


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Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
Re: Pope denounces trickle down economics [Re: qman]
    #19208471 - 11/30/13 12:36 PM (10 years, 1 month ago)

Quote:

qman said:
Quote:

zappaisgod said:
You do know that the government is forcing banks to keep more capital in reserve, right?




Yes, also the current monetary policy (the rate of interest payed on reserves) provides no incentive for banks to make "risky" loans into the shaky economy.




Good.  The government shouldn't provide any incentives for anything
Quote:



It was recently suggested in a Federal Reserve meeting that the committee should consider reducing the rate payed on bank reserves, therefore potentially motivating the banks to make loans, as we all know, this won't work at all.




How could they possibly lower the rates any more?


--------------------


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
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Re: Pope denounces trickle down economics [Re: zappaisgod]
    #19208547 - 11/30/13 01:01 PM (10 years, 1 month ago)

Quote:

zappaisgod said:
Quote:

qman said:
Quote:

zappaisgod said:
You do know that the government is forcing banks to keep more capital in reserve, right?




Yes, also the current monetary policy (the rate of interest payed on reserves) provides no incentive for banks to make "risky" loans into the shaky economy.




Good.  The government shouldn't provide any incentives for anything
Quote:



It was recently suggested in a Federal Reserve meeting that the committee should consider reducing the rate payed on bank reserves, therefore potentially motivating the banks to make loans, as we all know, this won't work at all.




How could they possibly lower the rates any more?




I guess to 0. The banks then said if that happened they would consider negative yields on bank deposits.

I really doesn't matter, banks are in a multi year/decade repair process of their balance sheets, credit growth will remain dead for a very long time.  They could try charging the banks for their excess reserves, it would make no difference.


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