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The T View Drop Down
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Direct Link To This Post Posted: March 21 2014 at 09:59
What about a tax on capital gains and also, in general, a tax on wall-street related activities (which generate little wealth for everybody except for the ones playing with financial instruments as if they were casino chips)? 

Edited by The T - March 21 2014 at 09:59
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Direct Link To This Post Posted: March 21 2014 at 10:02
Not only should there be a capital gains tax, there should be a transaction tax on every trade.  It might serve to restrict speculative activity and push more traders to take delivery.  Capital gains is just money earning more money, govt doesn't need to go all out to encourage it unless the country itself is basically a tax haven.
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Direct Link To This Post Posted: March 21 2014 at 10:12
I agree with that. 
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Direct Link To This Post Posted: March 21 2014 at 10:59
Originally posted by The T The T wrote:

What about a tax on capital gains and also, in general, a tax on wall-street related activities (which generate little wealth for everybody except for the ones playing with financial instruments as if they were casino chips)? 

I absolutely support the Cap Gain tax, as well as a "financial transaction tax" of some kind. 
Even if a FTT didn't dampen speculation (I'm not sure it would) at least it would raise revenue. I heard a small FTT like .1% could raise hundreds of billions. There's always the whole "paying a fair share" thing and how much these people and activities "contribute" to society. 


Originally posted by The T The T wrote:

Originally posted by JJLehto JJLehto wrote:

 
I still make liberal friends go crazy with "there should be no corporate tax"
I didn't know this. Why would you be? And would you say no to a corporate tax but yes to a personal income tax? 

Weed green response, to support legalization of itLOL 
Yes, and here is my rationale: These massive, MNCs already pay such a small amount in taxes, and in general the corporate tax has fallen and fallen, I think it's now like 1% of revenue?? So I figured, with it being so small and so many escaping it anyway, why not just get rid of it and maybe help encourage investment/hiring? It would also avoid the "double taxation" of cap gains, dividends and all that fun stuff. tl;dr I just don't know if I see the "point" of it these days. 

Originally posted by JJLehto JJLehto wrote:

I'm not really pro union
Why this? 

Eh, guess it's partly my upbringing. Despite having 2 fairly liberal always Democrat voting parents, both are fairly skeptical of unions. Both my sets of Grandparents worked manual labor jobs and had experience with unions, and they did NOT like them. Usually stuff how they charged high dues but didn't actually seem to do diddly for them or even care, they seemed greedy and self interested, good conservative value immigrant stuffLOL

I kind of agree, they ARE self interested (who isn't?), and while workers rights is great I don't want em always trying to push up wages, creating potentially hostile conditions all that. 

Originally posted by JJLehto JJLehto wrote:

and etc etc
WHY????AngryAngryAngry



You lost me, if that's some grammar nazi stuff  all I can say is "aint nobody got time for dat".  
Edit: One final on unions, I think that in 2014 maybe their role in society has just become too diminished to warrant a lot of power. Most work conditions in the US are not awful, and if one has a complaint there is always BBB, OSHA and etc one can turn to. Since my long winded academia is a turn off I'll go moral here: Unions CAN cause difficult work environments and foster laziness (esp when non members are impacted, thus more tension created) and I'd imagine besides not being to restrain their wage demands, it could drive up cost of business? Maybe someone can confirm or deny this. 


Edited by JJLehto - March 21 2014 at 11:26
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Direct Link To This Post Posted: March 21 2014 at 11:42
Originally posted by JJLehto JJLehto wrote:

Originally posted by The T The T wrote:

What about a tax on capital gains and also, in general, a tax on wall-street related activities (which generate little wealth for everybody except for the ones playing with financial instruments as if they were casino chips)? 

I absolutely support the Cap Gain tax, as well as a "financial transaction tax" of some kind. 
Even if a FTT didn't dampen speculation (I'm not sure it would) at least it would raise revenue. I heard a small FTT like .1% could raise hundreds of billions. There's always the whole "paying a fair share" thing and how much these people and activities "contribute" to society. Red response, to support Marxism-Leninism which is basically what everything else but absolute free market sounds to some LOL. I agree with all of this. Wall-street people are parasites playing bets. That's it. I've read a lot about how the machine operates and it's quite stupid not to have a tax on an activity that moves millions an hour and creates zero jobs or use for nobody. 


Originally posted by The T The T wrote:

Originally posted by JJLehto JJLehto wrote:

 
I still make liberal friends go crazy with "there should be no corporate tax"
I didn't know this. Why would you be? And would you say no to a corporate tax but yes to a personal income tax? 

Weed green response, to support legalization of itLOL Agreed and red here repesents my eyes after legalization LOL
Yes, and here is my rationale: These massive, MNCs already pay such a small amount in taxes, and in general the corporate tax has fallen and fallen, I think it's now like 1% of revenue?? So I figured, with it being so small and so many escaping it anyway, why not just get rid of it and maybe help encourage investment/hiring? It would also avoid the "double taxation" of cap gains, dividends and all that fun stuff. tl;dr I just don't know if I see the "point" of it these days. Though the rationale is there, the whole "encourage investment/hiring" due to the elimination of said tax is probably debatable. Any studies on that? Do corporations actually invest or hire when taxes are brought down/eliminated? 

Originally posted by JJLehto JJLehto wrote:

I'm not really pro union
Why this? 

Eh, guess it's partly my upbringing. Despite having 2 fairly liberal always Democrat voting parents, both are fairly skeptical of unions. Both my sets of Grandparents worked manual labor jobs and had experience with unions, and they did NOT like them. Usually stuff how they charged high dues but didn't actually seem to do diddly for them or even care, they seemed greedy and self interested, good conservative value immigrant stuffLOL

I kind of agree, they ARE self interested (who isn't?), and while workers rights is great I don't want em always trying to push up wages, creating potentially hostile conditions all that. Maybe workers' rights that don't depend on unions too much? 

Originally posted by JJLehto JJLehto wrote:

and etc etc
WHY????AngryAngryAngry



You lost me, if that's some grammar nazi stuff  all I can say is "aint nobody got time for dat".  That was just a misunderstood joke Tongue
Edit: One final on unions, I think that in 2014 maybe their role in society has just become too diminished to warrant a lot of power. Most work conditions in the US are not awful, and if one has a complaint there is always BBB, OSHA and etc one can turn to. Since my long winded academia is a turn off I'll go moral here: Unions CAN cause difficult work environments and foster laziness (esp when non members are impacted, thus more tension created) and I'd imagine besides not being to restrain their wage demands, it could drive up cost of business? Maybe someone can confirm or deny this.  Maybe unions are an anachronistic thing that served a purpose and brought favorable changes to workers in general but now it's irrelevant (in the US at least)? Though other countries have unions and seems to work better and encourage production instead of harming it. 
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Direct Link To This Post Posted: March 21 2014 at 12:10
Originally posted by The T The T wrote:

[ Marxism-Leninism which is basically what everything else but absolute free market sounds to some  

Sadly true!


Anywho, you are right on that. I doubt that no corporate tax itself would make a huge difference, but I'd like it in conjunction with some other means to encourage. It's weird, maybe I'm just apathetic now but I just don't have much feeling about it, certainly no need for high corporate taxes (again not like they pay as much as it's written anyway). 

I do feel demand is more important than anything, (taxes, gov, regulation whatever!) if the demand is there, if it's profitable and best to do so, firms will hire more regardless. Which is why (gah you forced me to go more in depth, I tried to spare you) if we ever undertook policies to permanently spur demand and employment, unions could become problematic. A strong economy would face inflation pressures. I heard back in the day Swedish unions were restrained and kept wages in check, rising but not out of control, but I don't trust us. Swedes do everything rightLOL we...not so much, and America is famous for its lack of self control!

I won't lie too, there are still the twinges of old "I just don't really like em" as well. 
Even teachers... who I deeply respect, years ago when the economy was much worse it's not very endearing to knock at our door saying "Damn this Christie! He wants us to pay into our pension! f**k that guy, btw due to tough times we're asking for increases to our pension, vote for us k?" when ya know, we were barely getting by and crippled with our various bills, taking on credit card debt and withdrawing from our personal savings... yeah not exactly what we wanted to hear, and turned my reliably blue parents into Christie voters for that election! They were quite taken aback, said things "lazy" and "selfish" "what about the sense of community?" "We respect your job, where's the respect for us (who already pay into your pension out of our money)"? guess they are remaining vestiges of good citizenship in the USCry

While they may be good in intention, it's quite abused as we know. Won't elaborate on how teachers that really really have no right still being here are practically impossible to remove.  I'll end the personal ranting here. Embarrassed Protection is good, but sometimes it's not! 


Edited by JJLehto - March 21 2014 at 12:13
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Direct Link To This Post Posted: March 25 2014 at 10:19
This has become basically an economics thread. 

People cry when they want to put regulations to their rifle sales and cry when other things are "taken away" from them but rarely is there outcry (except from people aware of this) about how society and laws conspire to create a permanent class of misers. I'm talking about the famous drug laws that libertarians and liberals alike don't like. Now that I work in admissions for a (sadly) for-profit institution, I have seen so many, so many cases of people denied aid to go to school only because way back in their past they committed a felony or even a lower infraction related to drugs. These people are basically condemned to poverty for life. Same in job applications, where you have to sign the little box saying you have been arrested once, therefore killing your prospects of finding a decent higher-than-minimum-wage job. This is a serious problem for society that makes an underclass of people who in most cases committed victim-less crimes. Few people say anything about this. 
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Direct Link To This Post Posted: March 25 2014 at 11:32
Originally posted by The T The T wrote:

This has become basically an economics thread. 
People cry when they want to put regulations to their rifle sales and cry when other things are "taken away" from them but rarely is there outcry (except from people aware of this) about how society and laws conspire to create a permanent class of misers. I'm talking about the famous drug laws that libertarians and liberals alike don't like. Now that I work in admissions for a (sadly) for-profit institution, I have seen so many, so many cases of people denied aid to go to school only because way back in their past they committed a felony or even a lower infraction related to drugs. These people are basically condemned to poverty for life. Same in job applications, where you have to sign the little box saying you have been arrested once, therefore killing your prospects of finding a decent higher-than-minimum-wage job. This is a serious problem for society that makes an underclass of people who in most cases committed victim-less crimes. Few people say anything about this. 


I think you make a good point about a very sad reality, but how do you resolve that? Can you justify forcing a private company to take on people with a criminal past, however inconsequential it may have been? Should that not be the choice of the employer?

Until a way is found to legislate in an intelligent way on this, we're reliant on the goodwill of citizens to give others a chance. That kind of philanthropy is in short supply in a world where the individual has to increasingly prove their worth to get the good jobs they want. Sad state of affairs.

If I were an employer I would have no issue employing someone who had previously been arrested, even convicted of minor drugs offences. We all make mistakes. Think of the cataclysic and arguably criminal activities undertaken in the financial world. Apart from a few fall guys, most of those characters are probably still sh*tting money.
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Direct Link To This Post Posted: March 25 2014 at 11:35
Change in the laws. Decriminalization of drugs. Stop putting in jail people for non-violent crimes that harm nobody. This should be quite libertarian (and most libertarians actually agree with this). I'mm sad though that this issue takes such a backseat to other "problems" like wanting to do a background check on someone buying a rifle. Yes, I know I'm doing a connection where there is none, totally unrelated things here, I just needed to rant. 
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Direct Link To This Post Posted: March 25 2014 at 14:29
Originally posted by The T The T wrote:

This has become basically an economics thread. 

People cry when they want to put regulations to their rifle sales and cry when other things are "taken away" from them but rarely is there outcry (except from people aware of this) about how society and laws conspire to create a permanent class of misers. I'm talking about the famous drug laws that libertarians and liberals alike don't like. Now that I work in admissions for a (sadly) for-profit institution, I have seen so many, so many cases of people denied aid to go to school only because way back in their past they committed a felony or even a lower infraction related to drugs. These people are basically condemned to poverty for life. Same in job applications, where you have to sign the little box saying you have been arrested once, therefore killing your prospects of finding a decent higher-than-minimum-wage job. This is a serious problem for society that makes an underclass of people who in most cases committed victim-less crimes. Few people say anything about this. 

To be fair, at least I personally, have gotten bored with non econ talk because we all largely agree
There is the occasional debate but really, liberals and libertarians basically agree on social issues, and foreign policy. And since no one on PA is conservative or willing to admit it LOL we always end up back at econ

EDIT: Exception for guns. That could be a debatable issue, though while I'm not a gun nut...Im more or less on the libertarian side on that one. 

You are indeed right, many of us agree about things like drugs...but it's rarely brought up how it impacts their lives and pretty much can make you a second class citizen. I always assumed that with more liberalization such things would go away, esp if it was treated less like a crime and more of substance abuse. One can't be sure though this would be the case... I guess I'll take the optimistic route and say those problems would go away as society gains acceptance/businesses see "oh sh*t we're losing business to those who DO hire" em. Liberal or libertarian, whichever ya preferBig smile


Edited by JJLehto - March 25 2014 at 14:30
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Direct Link To This Post Posted: March 25 2014 at 15:47
Crazy! Speak of the devil...

CO may realize that hmmmm if it's no longer a crime, maybe those convicted need not be considered criminals! 
Right to what Teo was saying.
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Direct Link To This Post Posted: March 25 2014 at 19:46
Originally posted by The T The T wrote:

This has become basically an economics thread. 

People cry when they want to put regulations to their rifle sales and cry when other things are "taken away" from them but rarely is there outcry (except from people aware of this) about how society and laws conspire to create a permanent class of misers. I'm talking about the famous drug laws that libertarians and liberals alike don't like. Now that I work in admissions for a (sadly) for-profit institution, I have seen so many, so many cases of people denied aid to go to school only because way back in their past they committed a felony or even a lower infraction related to drugs. These people are basically condemned to poverty for life. Same in job applications, where you have to sign the little box saying you have been arrested once, therefore killing your prospects of finding a decent higher-than-minimum-wage job. This is a serious problem for society that makes an underclass of people who in most cases committed victim-less crimes. Few people say anything about this. 


There's psychological a large difference between a continuing prohibition and an attempted prohibition. It's much easier to accept that smoking pot is wrong and people who do it should be punished when you're born into a situation where that is exactly the case. Gun rights will be louder partly because these circumstances don't exist for it. Although, certainly deeper reasons exist for the particular case of guns, but this is one reason that drug issues will gain less attention.

I do think that plenty of people realize the issues that you're talking about. Libertarians have had the drug war as a high priority from the beginning of the movement and doubly so after Reagen's presidency. Even the democrats after Reagen paid some attention to the issue. Of course now it has become something to finally talk about in the mainstream and is being discussed by both parties.

The legal barrier are the easiest things to deal with though. Indirect causes of the situation are much more pernicious. How do you stop businesses from passing over qualified employees because of innocuous convictions? You can't make it illegal for reasons I hope are obvious and agreeable. You can decriminalize it which will certainly reduce the opportunity cost of hiring a "pot head" so you will see a decrease to some degree. However, the strictness of current policies is not wholly due to the legal issues. Some of the stigma will not be removed, nor should it be completely as data points are not meant to be ignored in decision making. Two major problems which need to be resolved as I see it are after this approaching colon:

*The economy in general must improve. With a surplus of laborers, employers can afford to be arbitrary and capricious with their hiring habits.

**We have a cultural issue where we harbor a bloodthirsty notion of justice. Our judicial system mirrors this with its entirely punitive design.

Aside from (**), I think people take plenty notice of this problem and work towards improving the situation.
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Direct Link To This Post Posted: March 26 2014 at 20:38
Perhaps that gov fund job program could come in handy here? 
One of the ideas behind it is to prove to employers (if they ever needed) that you show up to work, do your sh*t, and maybe can help someone with a drug conviction overcome the barrier? :D

Oh man, talking about surplus labor and how it can cause employers to behave? 
You never hear a libertarian say such things. Even though one could of course argue for many different ways to remedy it, you just never see it said...

Pat really has become moderate in his increasing age :O



Edited by JJLehto - March 26 2014 at 20:41
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Direct Link To This Post Posted: March 27 2014 at 20:39
I'm not sure that a program like that doesn't cause more issues than it solves.

I don't know about all that. I'm just stating a simple economic reality. I would hope most libertarians would agree with me.
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Direct Link To This Post Posted: March 27 2014 at 21:38
Originally posted by JJLehto JJLehto wrote:

To be fair, at least I personally, have gotten bored with non econ talk because we all largely agree
There is the occasional debate but really, liberals and libertarians basically agree on social issues, and foreign policy. And since no one on PA is conservative or willing to admit it LOL we always end up back at econ

   - I believe Jody (Progtologist) is conservative and is more than willing to admit it, he's just man enough not to have to.


EDIT: Exception for guns.

   - And abortion, though maybe less clearcut.



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Direct Link To This Post Posted: March 27 2014 at 21:51
Originally posted by Atavachron Atavachron wrote:


Originally posted by JJLehto JJLehto wrote:

To be fair, at least I personally, have gotten bored with non econ talk because we all largely agree
There is the occasional debate but really, liberals and libertarians basically agree on social issues, and foreign policy. And since no one on PA is conservative or willing to admit it LOL we always end up back at econ   - I believe Jody (Progtologist) is conservative and is more than willing to admit it, he's just man enough not to have to.
EDIT: Exception for guns.    - And abortion, though maybe less clearcut.


Interesting topic Atavachron, I personally have been to the USA West Coast namely San Diego, Los Angeles and Las Vegas. I love America, the diversity of land and free spirit, I might not necessary agree with the social climate of the country in terms of Medical Aid which some consider socialism, to me it's not as tax payers we pay for great infrastructure and overall wellbeing this includes water, electricity, schooling (education) etc thus to me health is one of the most important factors.

Edited by Kati - March 27 2014 at 22:09
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Direct Link To This Post Posted: March 27 2014 at 21:51
cooeee I was still typing above grrrrrr .... still am arghhh
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Direct Link To This Post Posted: March 27 2014 at 22:00
Originally posted by Kati Kati wrote:

Originally posted by Atavachron Atavachron wrote:


Originally posted by JJLehto JJLehto wrote:

To be fair, at least I personally, have gotten bored with non econ talk because we all largely agree
There is the occasional debate but really, liberals and libertarians basically agree on social issues, and foreign policy. And since no one on PA is conservative or willing to admit it LOL we always end up back at econ   - I believe Jody (Progtologist) is conservative and is more than willing to admit it, he's just man enough not to have to.
EDIT: Exception for guns.    - And abortion, though maybe less clearcut.


Interesting topic Atavachron, I personally have been to the USA West Coast namely San Diego, Los Angeles and Las Vegas. I love America, the diversity of land and free spirit, I might not necessary agree with the social climate of the country in terms of Medical Aid which some consider socialism, to me it's not as tax payers we pay for great infrastructure and overall wellbeing this includes water, electricity, schooling (education) etc thus to me health is one of the most important factors.

Imagine of one of your loved ones (mother, son, daughter etc) was diagnosed with cancer, treatment can cost up to a million dollar, no one well most don’t have that kind of money, however in Europe you would be covered and get the best possible treatment. People pay taxes for the Government to provide the best service to it’s citizens and health is most important for progress not only for individuals but also for corporations, a healthy employee is a most productive one thus benefitting the economy.
The American constitution has separated and church and state in the United States, thus to me being against Gay Marriage is unconstitutional and so are laws against abortion.   


Edited by Kati - March 27 2014 at 22:10
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Direct Link To This Post Posted: March 27 2014 at 22:16
^ I think politically we're pretty close, Kati, I'm for universal healthcare and a woman's right to chose.

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Direct Link To This Post Posted: March 27 2014 at 22:24
Originally posted by Atavachron Atavachron wrote:

^ I think politically we're pretty close, Kati, I'm for universal healthcare and a woman's right to chose.


Atavachron have I told you lately that I love
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