brenthutch
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Everything posted by brenthutch
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If border walls are ineffective, expensive and racist, why is the Biden administration restarting construction of Trump’s wall?
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https://en.wikipedia.org/wiki/Demand_curve
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Not a straw man, as my 13 yo daughter would say, ‘straight facts’. Biden promised “not a foot of new wall will be built in my administration” technically he is correct because he is not building feet, he is building miles and miles of additional Trump border wall. All of the lefties on this forum were caterwauling over Trump’s racist ineffective wall. But now that Biden is doing it it’s all good?
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Different thread, let’s get back on topic If Trump’s border wall is expensive, ineffective and racist, why is the Biden administration restarting construction?
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What are you talking about, I just gave an Econ 101 class for free. I can assure you it was not cut and pasted. BTW FOX is predictable and boring, I watch MSNBC for my entertainment.
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The lack of understanding of basic economic principles of some of the members of this forum is truly breathtaking. Confusing profit margin with gross profit, suggesting market distortions for goods and labor will fix inflation, conflating tax burden distribution with GDP… we even had someone post that there is no shortage of supply because there is still gas at the pumps.
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Apparently you don’t understand the difference between profit and profit margin. Please attend my little class posted above.
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If border walls are ineffective, expensive and racist, why is the Biden administration restarting construction of Trump’s wall?
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Reducing the demand for gasoline while increasing the demand for electricity most of which is produced by fossil fuel. California says buy an EV but don’t charge it when you come home from work because the grid can’t handle the strain.
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Ring the bell! Class is in session. If you can only produce 10 widgets at a cost of $5 per because of regulatory and supply constraints and the market price of those widgets is $10. You will have doubled your money and made $50 If those supply and regulatory constraints are eased you could produce 100 widgets at $5 per (to keep it simple we will ignore the reduced input and production cost from deregulation and keep it at $5 per widget). Because of increased supply you can now only sell your widgets for $7.50. While your profit margin had been slashed your total profit has greatly increased while reducing the price for the consumer Class dismissed
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Why are you conflating tax burden distribution with GDP?
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Lower profit margin but more profit. Please don’t make me have to explain that to you.
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You never took an economics class in your life and it shows.
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Most do not, and the ones that do get hit with the double whammy of lower wages and a lower ROI. You are still ignoring the nearly one third of corporate taxes passed on to consumers. If the goal is to lower inflation additional taxes on goods and services is an odd way to accomplish it. What they should do is ‘drill baby drill’ and deregulate the oil and gas industries to increase the supply and reduce costs. Lower energy costs will result in lower costs throughout the economy; lower transportation cost, lower agricultural costs, lower industrial input cost, lower utilities etc.
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Here is a more contemporary take
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Consumers 31% workers 38% total 69%. Less than a third of the tax burden falls on those greedy capitalists, the rest falls on the consumer and workers in the form of higher costs and suppressed wages. A highly regressive tax. (I didn’t mean to confuse with a big word like ‘proletariat’, it means ‘wage earners’)
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Not true, me and my friends went pheasant hunting after school and we all had guns on school grounds, we had a rifle team and a rifle range in the school basement. The AR style of firearm has been around for more than a half century. It’s not the guns.
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Oh that would be on nine holes
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You are the one cherry picking my friend. I am using current data, you are going back years, using out of date information and conveniently ignores the current rate of inflation. Are you so blinded by ideology that you can’t see the simple facts before you? As far as golf goes, I took my son out on Saturday and shot an honest 71…
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https://www.bls.gov/news.release/realer.htm “Real average hourly earnings decreased 3.6 percent, seasonally adjusted, from June 2021 to June 2022” Is that better?
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We had fewer school shooting when I was a kid
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No, Unicorn farts are what power the brains of those who believe windmills and solar panels can prevent bad weather. I think that putting the vast majority of the corporate tax burden on the shoulders of the proletariat and the consumer is not the outcome most folks would expect when they hear “tax the corporations”
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Real wages are down (that would be the opposite of up)
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“the fact that corporations, while technically paying corporate taxes, don’t bear their ultimate burden (what we call “tax incidence”). Instead, academic research shows that corporate taxes are actually paid by a combination of shareholders, workers, and consumers. A 2020 paper, for example, estimated that “the incidence on consumers, workers, and shareholders is 31 percent, 38 percent, and 31 percent, respectively”—thus showing that corporate taxes aren’t very good at taxing “capital,” and that a substantial share of corporate taxes are simply passed on through retail prices or lower wages” In a highly regressive manner, especially in the case of consumers and workers. https://www.cato.org/commentary/taxing-corporations-might-be-good-politics-its-still-bad-policy
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Although everybody who was in any degree progressive recognised the evils of oligarchy throughout the past history of mankind, many progressives were taken in by an argument for a new kind of oligarchy. ‘We, the progressives’ — so runs the argument — ‘are the wise and good; we know what reforms the world needs; if we have power, we shall create a paradise.’ And so, narcissistically hypnotised by contemplation of their own wisdom and goodness, they proceeded to create a new tyranny, more drastic than any previously known. ~Bertrand Russell The road to hell is paved with good intentions.
