More DUmmy Economics, if you are up for it

[Karin]

DUmp Link

Yavin4  (1000+ posts)        Wed Apr-20-11 09:29 AM
Original message

freeper: "If You Raise Taxes on the Job Creators, They'll Take Their Capital and Jobs Overseas."
 
me: "Fine. Then we'll impose tarriffs on their goods and services that they want to sell in the U.S."

freeper: "But, you cannot do that"

me: "Why?"

freeper: "Because that's protectionism."

me: "So?"

freeper: "Well, when you use protectionism, that will destroy jobs."

me: "What jobs? You just said the job creators took their jobs overseas because of high taxes. There's nothing to destroy."
 

The first responses all say the same thing, as if they don't read the others' comments first.  Oh, that's right, they do that all the time:
 

deminks  (1000+ posts)       Wed Apr-20-11 09:31 AM
Response to Original message
2. But, but they've taken all the jobs overseas with no taxes over the last 10 years.

Note the ALL and NO absolutes.    I need an Absolute & something. 

onehandle  (1000+ posts)      Wed Apr-20-11 09:32 AM
Response to Original message
4. onehandle: "Soak the rich with taxes and penalties, pay off the debt and create jobs programs."
 Go FDR on America's ass.
 

Dig ditches, and fill em back in.  Paid for with what?  We do not have an infinite supply of billionaires in this country, much as you might think that.

DrDan  (1000+ posts)      Wed Apr-20-11 09:34 AM
Response to Original message
7. he has it wrong - when you raise taxes, the job creators put the money
 back into the business so as to avoid the taxes, thus creating jobs.

Just reinvesting the profits doesn't relieve you of the tax burden on those profits, you moron!  Hope you're not a "real" doctor.  A PhD in basketweaving would be OK, I guess. 

Yavin4  (1000+ posts)        Wed Apr-20-11 09:39 AM
Response to Reply #7
14. My Plan Is, Let The "Job Creators" Leave
 Tax their imports. Use that tax money for R&D and infrastructure projects such as new transportation systems. Create new industries such as renewable energy and other high tech jobs. 
 

Everybody's left!  Who's still around to do all that stuff for you, Yavin?  R&D and transport to where?  Everyone who knows anything is gone.  Do you know how to make energy out of unicorn farts?  Doubt it. 

Oh, and here is a priceless one:

L. Coyote  (1000+ posts)      Wed Apr-20-11 09:35 AM
Response to Original message
8. NEEDED: More "job creators" so raise the minimum wage as an economic stimulus
 and that extra money infused into the economy at 5:15 on Friday will do more to create jobs in one month than all the rich plutocrats have done in the past 8 years.

[Ralph Wiggum]

onehandle  (1000+ posts)      Wed Apr-20-11 09:32 AM
Response to Original message
4. onehandle: "Soak the rich with taxes and penalties, pay off the debt and create jobs programs."
 Go FDR on America's ass.

Not only do the DUmmies not know economics, they apparently don't read history either.  FDR's "New Deal" didn't exactly jump-start the economy.  It took Pearl Harbor and WWII to do that.

[DumbAss Tanker]

Just reinvesting the profits doesn't relieve you of the tax burden on those profits, you moron!  Hope you're not a "real" doctor.  A PhD in basketweaving would be OK, I guess. 

Actually it does if you do it 'Above the line' (On the income statement) as a current operating expense, but not if you do it 'Below the line' as retained capital.  It's a stupid accountant trick thing...and accountants are the only people I can think of who are even more systematic liars than personal injury attorneys.  Look at the CBO, for instance. 

[RWKindaGuy]

Not only do the DUmmies not know economics, they apparently don't read history either.  FDR's "New Deal" didn't exactly jump-start the economy.  It took Pearl Harbor and WWII to do that.

Shhhhh.  You don't want to start confusing them with facts. (like FDR's programs were a complete failure) That might just ruin their day.

[Karin]

KCCI.com Des Moines

While I'm at it, CC that poll.

DAT, when I think of reinvestment, I think of capital expenditures, such as new facilities that REALLY create jobs.  Not operating expenses, like adding an extra office girl or something. 

I won't get into section 179 and stuff, too boring, and phasing out anyway..zzzzzzzz

Anyway, you know I'm an accountant, right?   

[Ralph Wiggum]

KCCI.com Des Moines

While I'm at it, CC that poll.

King will destroy her.  The way they drew up the new districts in Iowa, King's is still completely rural and Republican.

[DumbAss Tanker]

Hey, I'm a lawyer.  Accountants aren't all bad, neither are attorneys.  Both have the power to use, or misuse, their knowledge and systems.

    

[FiddyBeowulf]

L. Coyote  (1000+ posts)      Wed Apr-20-11 09:35 AM
Response to Original message
8. NEEDED: More "job creators" so raise the minimum wage as an economic stimulus
 and that extra money infused into the economy at 5:15 on Friday will do more to create jobs in one month than all the rich plutocrats have done in the past 8 years.

Think of all the jobs that might be created if the minimum wage was raised to $100/hr. Heck, why stop there. We can achieve full employment if the min. wage is raised to $1000/hr. 

[Ralph Wiggum]

Think of all the jobs that might be created if the minimum wage was raised to $100/hr. Heck, why stop there. We can achieve full employment if the min. wage is raised to $1000/hr. 

$1000 an hour?  Say hello to $250 loaves of bread, DUmmies.  Unintended consequences.  And you thought the Carter misery index was bad.

[Rebel]

$1000 an hour?  Say hello to $250 loaves of bread, DUmmies.  Unintended consequences.  And you thought the Carter misery index was bad.

DUmmies don't understand that VERY simplistic economic concept. The value of money is fluid.

[thundley4]

DUmmies don't understand that VERY simplistic economic concept. The value of money is fluid.

But , but how can paper and metal be fluid? [/du mode

[Freeper]

But , but how can paper and metal be fluid? [/du mode

Metal can be fluid, given enough heat. I may have to do some cinder block and chicken wire experiments though to prove it.

[thundley4]

Metal can be fluid, given enough heat. I may have to do some cinder block and chicken wire experiments though to prove it.

No need, I see copper melt every week using the water burning torch at work.

[Rebel]

Metal can be fluid, given enough heat. I may have to do some cinder block and chicken wire experiments though to prove it.

I don't believe that. Rosie O'Donnell said, after 9/11, "For the first time in history, fire has melted steel."

[Freeper]

I don't believe that. Rosie O'Donnell said, after 9/11, "For the first time in history, fire has melted steel."

 

[JohnnyReb]

I don't believe that. Rosie O'Donnell said, after 9/11, "For the first time in history, fire has melted steel."

She only thinks that because she can't use fire to get the chasity belt off her girlfriend.

[jukin]

L. Coyote  (1000+ posts)      Wed Apr-20-11 09:35 AM
Response to Original message
8. NEEDED: More "job creators" so raise the minimum wage as an economic stimulus
 and that extra money infused into the economy at 5:15 on Friday will do more to create jobs in one month than all the rich plutocrats have done in the past 8 years.

And at 5:30 about 10% of the workforce would get their pink slips. Minorities and young workers hardest hit.

Even with all the economic lunacy in that thread, Nanzi Pelosi wins the Economic Ignoramus of the decade when she said that for each $1 of unemployment there was $2.75 of economic activity. All one needs to do is tax that $2.75 at $1.75 and there is the original $1 back plus an extra $.75 for the government, and still an extra $1 of economic activity to boot. What kind of loon could believe that there is an economic perpetual motion machine?

[BlueStateSaint]

And at 5:30 about 10% of the workforce would get their pink slips. Minorities and young workers hardest hit.

Even with all the economic lunacy in that thread, Nanzi Pelosi wins the Economic Ignoramus of the decade when she said that for each $1 of unemployment there was $2.75 of economic activity. All one needs to do is tax that $2.75 at $1.75 and there is the original $1 back plus an extra $.75 for the government, and still an extra $1 of economic activity to boot. What kind of loon could believe that there is an economic perpetual motion machine?

This one . . .

[USA4ME]

Yavin4

freeper: "If You Raise Taxes on the Job Creators, They'll Take Their Capital and Jobs Overseas."
 
me: "Fine. Then we'll impose tarriffs on their goods and services that they want to sell in the U.S."

That's a simple example of just how stupid this Yavin4 primitive really is.  Even if the primitives were able to magically obtain their tariffs, the small amount of revenue made from that action would never offset the amount of revenue that would have been acquired had you done what was necessary to keep the jobs in the USA.  If money can't create or maintain a market here, then money will go somewhere else and create or rebuild a new market, which is what is happening.

Twisting the knife by raising tariffs only increases the bleeding.  Even your stupid Dems in DC know better than that, primitives.

.

[NHSparky]

Dear DUmmies--ever heard of the expression, "You can't get blood from a turnip?"

When people have no income, they have nothing that can be taxed.

If you raise tariffs on imported goods, you price them out of the market.  If you raise gas taxes, people can't afford to drive to jobs, spend money on other things, etc.  If you raise corporate taxes, companies either 1--move overseas, 2--pass that expense onto the consumer, 3--both.

All you DUmmies remind me of little baby birds, oversized mouths agape and eagerly awaiting the chewed up worm vomit mommy gub'mint is giving you.  Only problem is, you're not baby birds--you're more than capable of fending for yourself without sucking off the efforts of others.  Don't like the fact that you didn't get to live the millionaire lifestyle?  Sucks for you and the other 98 percent of us who don't get to do that either.  Clean the sand out of your vaginas and ruck up.

[true_blood]

Hey DUmmies,............how's the "stimulus" package working for ya?!?!
EPIC FAIL.

[DumbAss Tanker]

Hey DUmmies,............how's the "stimulus" package working for ya?!?!
EPIC FAIL.

I guess so many of them losing jobs, and so many of our people getting new jobs, must be part of that "Improved productivity" we hear about in the financial news lately...