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Posted 5 years ago on Feb. 4, 2013, 10:24 p.m. EST by anonymous ()
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[-] 3 points by GirlFriday (17435) 5 years ago

That's what I like to see. A nitwit posting something from someone who is associated with the American Enterprise Institute.

Nice job there, puppet.

[-] 3 points by owsarmy (271) 5 years ago

Just to clarify for anyone unfamiliar with AEI.


They are right wing neocon wackos


[-] 2 points by facehead (2) 5 years ago

Kennedy's major tax cut, which included chopping the top marginal rate to 70% from 91%, became law in early 1964, after his untimely death. It promised to grow the economy and close the budget gap. "Coming at a time of substantial deficit in the federal budget, this was a startling proposal to many observers," said New York University economist Richard Sylla, co-author of "The Evolution of the American Economy." To the shock of many naysaying Democrats, the plan worked. The economy grew at an average 5.5% clip, and unemployment fell to 3.8%. In turn, the annual deficit shrank to $1 billion from $7 billion as individual income-tax receipts nearly doubled. (See the chart.)

Read More At IBD: http://news.investors.com/ibd-editorials-perspective/101712-629790-data-debunk-deficit-exploding-tax-cuts-myth.htm#ixzz2K0nvGFgZ Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

[-] 2 points by Buttercup (1067) 5 years ago

There's a bit of a difference between cutting the tax rate when the rates are at historic high levels and the debt is low v cutting taxes when rates are at historic low levels and debt is high.

[-] 0 points by TrevorMnemonic (5827) 5 years ago

war is the enemy of the poor. - think about that real good.

You forget in WWII that US manufacturing was on the rise. Now it is on the decline due to corporate outsourcing and bullshit trade laws passed by corporate puppets.

The war saved the economy myth is exactly that... a myth.

You are both right and wrong in your comment here. You are right when you talk about taxes on the rich needing to be much higher, but you are wrong with your corporate history of war saving the economy. The current spending is going to corporations on a major scale. And these corporations do not care about sharing the wealth they have. Their CEOs pocket millions.

The current spending plans being pushed are just corporate pocket liners that put us in a debt that is a scam.

THEY proudly put trillions into war spending but spend nothing to boost society here at home. In fact, like Martin Luther King said, war is the enemy of the poor. This kind of spending does not help us.

It is not the big bad Obama that is going to bring about social unrest, it is the corporate take over of GOVERNMENT, ECONOMY, ART, EDUCATION, NEWS, ENTERTAINMENT, EVERYTHING that will bring about social unrest. Their greed is pushing the people to a tipping point. When the majority finally wake up to the scam....


[-] -1 points by TrevorMnemonic (5827) 5 years ago

whether you meant it or not, you said it. It's something they taught in school. That the war saved the economy/brought us out of depression. It is a myth.

[-] 2 points by Buttercup (1067) 5 years ago

It wasn't enough to falsely compare the US to Greece. Now we falsely compare the US to Greece and Argentina! That's funny.

Arthur Herman. A libertarian. A ridiculous silly philosophy. Produces ridiculous silly comparisons.

'America’s public sector has exploded' - There are plenty of countries with larger public sectors that are doing just fine. Sweden, Denmark, Norway, Canada. Japan has a very small public sector and has been struggling with low growth for over a decade. So much for your theory of a relation between a country’s growth/prosperity and the size of the public sector.

'government creates nothing' - typical libertarian nonsense. Did the 'free market' build the Hoover Dam, put men on the moon which created a vast amount of innovation, build our interstate highway system, all of our public infrastructure? Was that the work of the 'oh so fairy tale free market' that you right wing anarchists love so much.

'Americans are finding that an unemployment or Social Security disability check is their only life line' - because full employment is impossible under capitalism. Libertarians just love to live in the past 150 years ago. Because life was all sunshine and roses back then. Yes, soup kitchens, bread lines, being subjugated to the poor house through Court ordered servitude, and still abject poverty in the streets. That was oh so much better. It's so much more civilized to dehumanize people who are on the losing end of a Darwinian economic system.

Keep the libertarian nonsense coming Cupcake! Always good comedy.

[-] 2 points by Middleaged (5140) 5 years ago

Same thing happens in the USA already. Flash mobs. Anyway... In the 1990s I lived by a Uiversity that had Riots like every week. They would light couches on fire, maybe damage some cars. They ended up talking about stricter university rules for underage drinking ... and they put in some kind of curfew.

Riots are not new to the USA. And they happen when things are good like a sports team wins. And they happen when a sports team loses. Doesn't really matter sometimes what is going on.

[-] 1 points by imagine40 (383) 5 years ago

The takers are the recipients of corp welfare, the Military Industrial Complex, the wealthy with the historically low tax rates, & the corps who TAKE our jobs overseas.

The makers are the working class/midddle class who are the real job creators.

So cut corp welfare (loopholes, shelters, subsidies) increase tax rates on wealthiest to Eisenhower levels Tax passive income (cap gains, residuals, royalty, rental income) the same.as payroll income tax rates. Time to value work more than investment.

Also cut the defense budget in half, and cut payments for medical care, drugs, and private health insurance.

Finally. reward insourcing, punish outsourcing, add ss payroll taxes on the wealthy nd expand ss, medicare to people 55 years old.

[-] 1 points by TrevorMnemonic (5827) 5 years ago


Until you understand the corporate takeover, you are doing it wrong.

[-] 1 points by EmergencyAlert (51) 5 years ago

America has to face the facts.

  1. Americans need to produce their own stuff locally. If Walmart can organize that, fine. Otherwise, they will be replaced. Coops are a good way to start. If anything, OWS showed the capacity to produce 1500 meals a day by raising funds for the food and producing it. That kitchen was running 18 hours a day. That is awesome potential. In the same way, America needs to be organized to start producing what it needs. Food, clothing, shelter. OWS could have built houses, produced cloth, planted crops, anything. Independent human initiative is the power of OWS and that is infectious - drawing people from their homes onto the street. OWS can similarly organize different types of empowerment initiatives to demonstrate the power of people coming together around a social function (power generation, for example, which OWS showed. The fire dept pulled the gas generator, and they hooked up a bicycle generator...that was AWESOME). Gather 1000 people around the city to generate power for a low income area that can't afford electricity. Maybe install a solar array power plant. Like this the possibilities are limitless for positive socio-economic activism.

  2. With global oil production at peak levels and going into decline soon, there is no alternative to localization of the economy. The president of Shell Oil and the CEO of Core Laboratories both conclude that oil production is going into decline around 2015.

  3. American companies need to invest in America, Americans and the American economy - not Asia, South America or anywhere else.

  4. Whatever America produces in excess can be traded globally. Importing should be reduced as far as possible. Outsourcing as well. Robotics need to be limited to hazardous jobs humans should not perform. Otherwise, robotics should be abandoned where unemployment is above a certain level (like 1%).

  5. We have to add social and economic values to the mandate of business and redefine the bottom line on the basis of business sustainability. Businesses can't just argue and work on the basis of profits anymore. They have to take social responsibility if they want to enjoy the facilities of incorporating in America. That comes at the cost of profits as the cost of doing business in America. If they want to leave America and incorporate overseas, by all means, but don't expect access to American markets. Those who want access to American markets and infrastructure need to be socially responsible team players. CSR needs to be legally defined through adequate legislation that sustains the United States and the People of the United States. Many corporations pay zero income tax and are existing at the expense of the USA and taking America and its people for a ride by bribing government officials. That needs to end.

[-] 0 points by OTP (-203) from Tampa, FL 5 years ago

Good post. We cannot get to number 1, with radical change in the tax and trade policies.

It would be an interesting post to see what you propose as the specific legislation for CSR.

[-] 1 points by EmergencyAlert (51) 5 years ago

I have only 1 focused mandate for business, which is fair, also, and capitalistic, within limits.

  1. To take responsibility for the basic necessities of all employees. This needs to be defined on a local level, since costs of living vary from place to place. But basically, this person is giving you his life and earning capacity and depends on your business (could be academic, corporate, govt employment) for his food, clothing, shelter, healthcare, education of his kids, etc.

As it stands right now, I could give 60 hours or more a week to a company and still not meet my basic necessities of life. That is legal and bullshit. I really don't care if you pay them 1 cent, but the MINIMUM level of exploitation of one human being over another in terms of work to benefit your company's bottomline is this - that his basic needs in life are on YOU - not the govt, not the church, not God, not anything but the employer. Beyond that let the market determine wages on a competitive basis. There has to be a minimum standard of living, not just a minimum wage. Many slaves had better standards of living than some of our working poor. It is a scam. Have minimum wage plus minimum facilities. This is the universal human right of every human being in a labor relationship in terms of his right to Human Dignity. Employers have to respect and reward you for your time at least this much. That solves the socio-economic core problems. Exploitation has gone too far. Employers are increasing hours, cutting staff, reducing salaries and not really giving a shit if people's basic needs are being met or not. Why should the working poor have to pay taxes on top of all that, which means that they are essentially paying for their kid's education? The freaking employer should pay. He is getting the benefit.

[-] 0 points by Narley (272) 5 years ago

I think what you’re saying is SHTF will occur at some point. If the US stays on its current path I think it’s inevitable that our society will fail. There will be a tipping point where the people who pay bills can no longer afford to support the takers. That’s a pretty common belief these days; and plays a role in why people are buying military weapons. They think it will happen.

I don’t think of SHTF as being a civil war. More like civil unrest and people doing whatever they have to survive. Cold, hungry, scared people are dangerous, and you may very well need a gun to protect your family.

Still, I think this is far off. We have time to turn it around. Isn’t that OWS is tasked to do?

[-] 1 points by Middleaged (5140) 5 years ago

Yeah, I guess that is the boiling frog syndrome. Seems like Argentine is a frog that is feeling the pain. We could become like economies in third world countries. I guess that ideas has been out there since the 1970s, but I'm not really old enough to know.

IF I had to guess I'd say yes, the powers that be, the spending of the federal government, the loose regulations for coporations and banks, the movement of money offshore, production offshore, corporate headquarters offshore.... the trend is that the Individual is greedy and is trying to get rich and doesn't mind shafting his fellow taxpayers or the workers... and cancelling someones pension & retirement benefits in a merger or LBO doesn't bother him a bit.

That is why I say we have a Banana States of America. The gap between the wealthy and everyone else is widening ...and the result is loss of production base, lose of career jobs & benefits, ...and huge government debt, government liabilities, and stress on safety net social programs.

The Leadership and Administration of this Country is so bad, it is like they want us to be like China, like Central America, and Like the old East Germany with the Stassi.

We have lost all Investigations in media and federal government ... and we have no Justice for White Collar Crime perpetrated by bankers, federal government insiders, and greedy corporations that keep asking for more handouts while pushing for less regulations. I'm sure you know money talks. If we don't get money out of government ... Soon the whole world will see us as A Banana States of America due to the corruption.

There is no way, the Wealthy Executives will ever give anything back. They have the power, and they will only leave if we make them leave, prosecute them, and root corrption from .... naw, we can't root that out.