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PostPosted: Wed Oct 14, 2009 3:01 pm 
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Rafael wrote:
Monte wrote:
Top down economics have led us to where we are today. Trickle down never happened - the growth we experienced went to the top, not to the bottom or even the middle. Wealth can be redistributed up or down.



You can only say this and not feel insane because you have no idea how capital formation, investmenting work and how they are afflicted when interferred with by artifical forces.

Trickle down has nothing to do with wealth redistribution. The fact you are conflating the two speaks in spades.


No, he's actually accidentally correct here. Trickle down is nothing more than mercantilism, or socialism for the rich. It has little if anything to do with free-markets or capitalism.

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PostPosted: Wed Oct 14, 2009 3:08 pm 
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No, that's not correct. Unless you mean in a strict definition-based non-contextual sense.

Tax cuts for those taxed at a higher rate (high earning individuals, companies with payroll taxes, property owners etc.) are removal of an artifical force on the market, not an additional supplement for the those types or an additional artificial force present which counteracts one in place. You could look at it that way, but effectively, that perspective is worthelss. The only other way you could reconcile such a statement is if you believe that the wealthier groups are innately deserving of being taxed more, maybe through some justification that they benefit more from a supposed social contract.

Removing such forces is what allows market to function, and society progresses and makes advances when the market functions, not when it is stiffled by artificial interferences.

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PostPosted: Wed Oct 14, 2009 4:44 pm 
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Addendum back to OT:

The Dollar closed below 75.50 and all currencies made gains over the USD.

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PostPosted: Wed Oct 14, 2009 7:07 pm 
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Kinda wishing blizzcon was about now... I woulda have had so much more money to spend >.<


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PostPosted: Wed Oct 14, 2009 7:47 pm 
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Rafael wrote:
No, that's not correct. Unless you mean in a strict definition-based non-contextual sense.


Yes, that's what I meant. I've ben called on that here before, and decided it was appropriate, seeing as how the term is actually definition specific in the same field we are discussing.

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PostPosted: Wed Oct 14, 2009 9:11 pm 
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Rynar wrote:
Rafael wrote:
No, that's not correct. Unless you mean in a strict definition-based non-contextual sense.


Yes, that's what I meant. I've ben called on that here before, and decided it was appropriate, seeing as how the term is actually definition specific in the same field we are discussing.


I would argue that syntatically, it's not a very good one. In effect, Trickle Down economics have nothing to do with "welfare for the rich" because such an idea is predicated on the idea that:

A) Wealthy entities owe more

and/or

B) Tax cuts that remove artificial constraints on the market are themselves artificial vice removal or reduction of an artifical influence

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PostPosted: Thu Oct 15, 2009 7:03 am 
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Since trickle down, the wealthy have enjoyed the lions share of all growth in this country. Middle class incomes have stagnated, and the gap between the rich and poor has increased exponentially. I'm sorry, but that's no endorsement of conservative ideology. Quite the opposite, in fact. A rising tide intended to lift only the biggest boats sinks the others in the bay. When you improve education, health care, and other bottoms up policies, you'll see overall prosperity incease for everyone, not just the few at the top.

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PostPosted: Thu Oct 15, 2009 7:14 am 
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Monte wrote:
Since trickle down, the wealthy have enjoyed the lions share of all growth in this country. Middle class incomes have stagnated, and the gap between the rich and poor has increased exponentially. I'm sorry, but that's no endorsement of conservative ideology. Quite the opposite, in fact. A rising tide intended to lift only the biggest boats sinks the others in the bay. When you improve education, health care, and other bottoms up policies, you'll see overall prosperity incease for everyone, not just the few at the top.
Then why isn't Germany the richest country in the world? Why are they suffering through double digit unemployment rates--unemployment rates that have exceeded 10% for nearly a decade? In fact, why can't the EU, with its preponderance of bottom-up, socialist states compete economically with a faltering United States?

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PostPosted: Thu Oct 15, 2009 8:03 am 
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everyone is suffering through a recession, Khross. Why is it that the first countries to show economic growth were the ones with the most socialistic responses to the crisis?

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PostPosted: Thu Oct 15, 2009 8:15 am 
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Montegue:

Really? Who's showing growth?

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PostPosted: Thu Oct 15, 2009 8:24 am 
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That's pretty funny, Montegue, because I heard yesterday that somebody did a study, and the nations that passed the biggest "stimulus" type measures in proportion to their .. I think it was GDP, are the ones that are still furthest in the slump. Nations that passed no such measures, or very small ones, like China and Brazil, are the first ones to show recovery, while the United Stateses and Great Britains are still ****.

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PostPosted: Thu Oct 15, 2009 10:10 am 
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http://news.bbc.co.uk/2/hi/8204075.stm

That article lists German, France, and China. Germany passed a 260b stimulus package, Japan's was large as well, and the stimulus in those countries is credited with their recovery.

I assume you're going to tell me that they didn't actually grow, for some reason, right?

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PostPosted: Thu Oct 15, 2009 2:42 pm 
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Monte wrote:
http://news.bbc.co.uk/2/hi/8204075.stm

That article lists German, France, and China. Germany passed a 260b stimulus package, Japan's was large as well, and the stimulus in those countries is credited with their recovery.

I assume you're going to tell me that they didn't actually grow, for some reason, right?


The fact that Japan and China's economy flourishes despite stimuli is a testament to the fundamental strength of their economies, not an endorsement of the success of such stimuli. Remember, Japan did the same thing we are doing now, but in the 80's. But they had strong savings (we do not), raised interest rates (which we are not going to do) and had a plan to stop running massive deficits.

Tell me how and why you think such a strategy will play out with our scenario or why such a strategy has merits in its own right regardless of context?

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PostPosted: Thu Oct 15, 2009 3:25 pm 
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Rafael wrote:
Rynar wrote:
Rafael wrote:
No, that's not correct. Unless you mean in a strict definition-based non-contextual sense.


Yes, that's what I meant. I've ben called on that here before, and decided it was appropriate, seeing as how the term is actually definition specific in the same field we are discussing.


I would argue that syntatically, it's not a very good one. In effect, Trickle Down economics have nothing to do with "welfare for the rich" because such an idea is predicated on the idea that:

A) Wealthy entities owe more

and/or

B) Tax cuts that remove artificial constraints on the market are themselves artificial vice removal or reduction of an artifical influence


I'm definatly going to engage you on this, because I believe you are glossing over the terms. I may be wrong, but as we stand now, I feel this topic merits further discussion.

That said, you'll need to allow me to return at a future time. I'm off to attend my brothers and his fiance's rehearsal and dinner for their upcomming wedding, and I simply don't have the time.

If you are willing we can pick this up later. Yes?

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19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.

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PostPosted: Thu Oct 15, 2009 3:32 pm 
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If you engage in standard reception and post-reception debauchery and shenanigans, then yes, but only if that criteria is met.

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PostPosted: Thu Oct 15, 2009 3:34 pm 
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You have my word. ;)

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19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.

Ezekiel 23:19-20 


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PostPosted: Thu Oct 15, 2009 4:24 pm 
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There is some indication that China might be cooking the books. Their numbers don't quite make sense lately


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PostPosted: Thu Oct 15, 2009 8:43 pm 
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I notice you are all ignoring Germany here. They had a huge stimulus and showed growth.

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PostPosted: Thu Oct 15, 2009 8:44 pm 
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Monte wrote:
I notice you are all ignoring Germany here. They had a huge stimulus and showed growth.


Was that stimulus funded by budget deficits or inflation? What growth, and how was it measured? Assert these things, and someone might address it. All what you've posted amounts to is "here's an example that's been wordsmithed to perhaps support my point."

Quote:
The French and German economies both grew by 0.3% between April and June, bringing to an end recessions in Europe's largest economies that have lasted a year.

Analysts had not expected the data, suggesting recovery could be faster than previously expected.


This is the only thing even addressing Germany in the article you linked. How substantial or comprehensive is this claim? What is its basis?

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PostPosted: Thu Oct 15, 2009 9:30 pm 
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Do you have anything to prove that the claim is insubstantial or not comprenhensive?

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PostPosted: Thu Oct 15, 2009 10:08 pm 
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Show that it's substantial and/or comprehensive.

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PostPosted: Thu Oct 15, 2009 10:12 pm 
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Monte wrote:
Do you have anything to prove that the claim is insubstantial or not comprenhensive?


You asserted that they're recovering. Burden of proof following the classical rules of logical debate falls upon you.

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PostPosted: Thu Oct 15, 2009 10:46 pm 
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Monte wrote:
Do you have anything to prove that the claim is insubstantial or not comprenhensive?


Yes I do. That's all it says. It might as well be a fiat statement. Unless the study shows its methodology or at least the technique and assumptions used to derive the conclusion, there is nothing substantial about it.

Furthermore, it's been pointed out that this burden is on you since you are using it to assert something.

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PostPosted: Thu Oct 15, 2009 10:55 pm 
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Growth = the end of the recession, right? Well, Germany experienced growth.

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PostPosted: Thu Oct 15, 2009 11:43 pm 
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Monte wrote:
Growth = the end of the recession, right? Well, Germany experienced growth.


Depends what you mean by growth, in both cases.

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