StreetScooby
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Everything posted by StreetScooby
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None to my knowledge, other than what voters will stand. We are all engines of karma
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Exactly. It's not unreasonable to view Robert's/SCOTUS's ruling on the ACA that there are effectively no limits on taxation. Whatever gets voted in. Considering the number of people in this country who do not pay Federal tax, it's tantamount to mob rule. We are all engines of karma
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SCOTUS's job is to strike down laws that exceed those powers granted in the Constitution. We are all engines of karma
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Why do that when I live in a country whose constitution limits the power of the Federal Government? We are all engines of karma
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At this point in time, we'll have to agree to disagree on this one. We are all engines of karma
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The Obama administration was actively/indirectly supporting the "Own" movement. Wonder what they're doing here? We are all engines of karma
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I was replying to quade regarding his use of the phrase "war for oil", specifically - "The right wing will start a war for oil. " We are all engines of karma
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I think the description you are using to describe that situation is far too simplistic, and really doesn't lend itself to further discussion on that topic. We are all engines of karma
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Very valid point, and one that most people aren't aware of. Our exertion of might in the Middle East has mostly to do with oil driven politics, including ensuring access to it for our allies. We are all engines of karma
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That's a much better description, and a pretty accurate one, IMO. We are all engines of karma
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At this point in time, people that say we go to war for oil make me laugh. If it was really about going to war for the oil, we'd own it in about two weeks. I can only assume there is more to their point, and they haven't taken the time to better explicate their position. We are all engines of karma
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champu, I've taken the liberty of reposting your comments here. +1. We are all engines of karma
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One can argue that markets work best when people do act in their strict self-interest. Agreed, absolute trust has no place in that environment. Agreed. In a competitive market, poor performers drop out of that market. There must be replacements that come in, otherwise that market may reach a point where it's no longer functioning. That can, and does, cause problems. We are all engines of karma
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Interesting exercise, DanG. I disagree with your assessment. If I find a market maker difficult to deal with, I simply move on to another one. Can't make that decision when it comes to a government. I am not saying that government does not have a role in our society, BTW. The items you pointed out are vital roles for government: justice, military, and regulations that promote functioning markets. We are all engines of karma
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For those of you interested in a paper that actually discusses how Laffer curves are modeled, here's a paper that will give you a perspective How Far Are We From The Slippery Slope? The Laffer Curve Revisited To me, this paper inspires confidence that these folks have seriously thought about their topic. Having dealt with large scale mathematical systems, I know very well the false sense of comfort they can engender. But, none the less, I can't help but admire this work, based upon the rough pass(es) I've made. We are all engines of karma
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IMO, it's becoming ever more reasonable to classify people in SC debates as those that favor markets, and those that favor government. Markets, by definition, have many buyers and many sellers. In a market transaction, if I don't like what's on the table, I move on to the next buyer/seller. Likewise, markets are known to produce cost effective excellence through competition. Government offers neither of these. You can't walk away from a transaction with a government, nor is there any competition to produce cost effective excellence in government. For those people that favor government, they tend to have a negative view of their fellow man when it comes to markets. Ah, you can't trust men in market situations. Yet, they'll take some of their fellow men, elevate them into position of governments, and trust them. Their view makes no sense to me. We are all engines of karma
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Using your article, ended up coming across three good videos about the Laffer curve. The Laffer Curve, Part I: Understanding the Theory The Laffer Curve, Part II: Reviewing the Evidence The Laffer Curve, Part III: Dynamic Scoring The three curves shown in the article you shared seem to suggest the "optimum" point is between 60% and 80%. That seems high. Even more so, how can they condense it to one number? Seems to me that each type of tax would have it's own Laffer curve. Still looking around to see what the literature says about the "optimum" value. Thanks again for sharing the link. We are all engines of karma
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As do I. My main goal in this life is to provide for my family. The thought that the government will step in and take already taxed money away from me in that process bothers me quite a bit. Then again, our current government really doesn't value the family unit as much as it should, IMO. I'm sure you can see my point here, thus I won't bother to elaborate further. We are all engines of karma
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Chuck, I think the point some folks are trying to make here is that any economic transaction undertaken between two adults should be taxed. We are all engines of karma
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At this point in time, that's a rhetorical question. What is the limit of the Federal government's power to tax? Why should I, a US citizen, be burdened with a government that exerts unlimited power? Agreed, not reelecting them is the preferred method. Preferably, our SCOTUS would exercise it's authority and limit the Federal Government's power, but they've shown they're not willing to do that. So, my question stands - where is the taxation limit? We are all engines of karma
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Thank you. My goal was to read something that you would read, and at least have a common point for discussion. We are all engines of karma
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The cost of services in a competitive market are set by the market. You're implying the government can charge what ever they want for the services they perceive themselves as providing. In some circles, that's called tyranny. We are all engines of karma
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So, you're saying a 100% tax would be ok? We are all engines of karma
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At 55%, it will be. We are all engines of karma
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Do you have any references for this? I'd be interested to read them. While the details of "large" can be debated, +1. We are all engines of karma