tag:blogger.com,1999:blog-1665619563748706349.post1838623201817980028..comments2023-10-07T07:44:17.892-07:00Comments on The New Englander: Liz Warren, RetailThe New Englanderhttp://www.blogger.com/profile/06201310505648616855noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1665619563748706349.post-51339292369034872052012-04-18T19:19:02.912-07:002012-04-18T19:19:02.912-07:00I use "trickle down" as a catch all for ...I use "trickle down" as a catch all for the canard; if we give all the money to the rich, they will give some back.<br /><br />You can't slap enough algoriths on that BS to make me believe it.<br /><br />I read this today and it made me wonder: <i>Income generated by wealth taxed at half the rate of income earned through work.</i><br /><br />- JackJack Mitchellhttps://www.blogger.com/profile/01719556168992316780noreply@blogger.comtag:blogger.com,1999:blog-1665619563748706349.post-73096138585175576662012-04-18T16:26:52.470-07:002012-04-18T16:26:52.470-07:00Cliff, thanks for the correction -- fair point, an...Cliff, thanks for the correction -- fair point, and it was an oversight. <br /><br />Jack -- opposition to the Buffett Rule doesn't mean support for trickle-down, and it doesn't have anything to do with progressive marginal tax rates. It has to do with incentivizing investment...and the fact that a law that would apply to a few hundred taxpayers and make a drop in the ocean's worth of difference to our REAL budget issues, but would likely have negative repercussions that could discourage job growth..is not a good idea. <br /><br />Kad -- I agree, and I know some people have tried/are trying (the Modern Whigs, for instance). I once heard a Poli Sci Prof say "There aren't two parties in America, there are 100." If that's the case, then the beauty of living in New England is that locally, you have an option for vote for a party with a strong "social liberal/fiscal conservative" flavor.The New Englanderhttps://www.blogger.com/profile/06201310505648616855noreply@blogger.comtag:blogger.com,1999:blog-1665619563748706349.post-36879666029226023942012-04-16T19:38:11.158-07:002012-04-16T19:38:11.158-07:00OK, Lizzie is the "Presumptive" nominee,...OK, Lizzie is the "Presumptive" nominee, but it isn't over until it is over. That said, if Professor Warren were to stumble, would the Democratic Machine accept Ms DeFranco, or would they try to jam someone else into the slot?<br /><br />I am watching <i>Castle</i>.<br /><br />Regards — CliffC R Kriegerhttps://www.blogger.com/profile/10563658418464959198noreply@blogger.comtag:blogger.com,1999:blog-1665619563748706349.post-53868046347931574522012-04-16T19:26:28.496-07:002012-04-16T19:26:28.496-07:00Ah, Cliff is up to bat.
First, Professor Elizabet...Ah, Cliff is up to bat.<br /><br />First, Professor Elizabeth Warren is <b>NOT</b> the Democratic nominee for the Senate Race, no matter what the Press and the leading Democrats wish us to think (and, I am thinking, Harvard University, a partially owned subsidiary of the Democratic Party).<br /><br />The fresh, young, dynamic Marisa DeFranco, esq, is still in the hunt. Let us give her some respect for hanging in there when the rest of the original field bailed out when Ms Warren entered the field. I like the idea of some democracy in the Democratic Party.<br /><br />As for Keynes, we can either admit that he was wrong (even my daughter has read Amity Shlaes' <a href="http://www.amazon.com/s/ref=nb_sb_noss_1?url=search-alias%3Daps&field-keywords=the+forgotten+man" rel="nofollow"><i>The Forgotten Man: A New History of the Great Depression</i></a>) or we can remain mired in a bad theory (reality based?). Taking the Keynesian approach means that the poor (and others) suffer more and longer.<br /><br />Regards — CliffC R Kriegerhttps://www.blogger.com/profile/10563658418464959198noreply@blogger.comtag:blogger.com,1999:blog-1665619563748706349.post-18521583306479446912012-04-16T12:27:33.549-07:002012-04-16T12:27:33.549-07:00Is Reuters considered part of the 'liberal, el...Is Reuters considered part of the 'liberal, elite media?' <a href="http://www.reuters.com/article/2012/02/08/us-who-pays-the-highest-taxes-idUSTRE8171HS20120208" rel="nofollow">Here they discuss the Buffet Rule.</a><br /><br />This morning, on WCAP, I listened to Lowell 5's Bob Caruso shill for more trickle down economics. I particularly liked the part where he opined the Real Estate sector should just "clear the books" and get on with the foreclosures.<br /><br />Ya, Bob. That's what it looks like in the ledger. The ledger doesn't cry. Red ink is not tears, if you are confused, Bob.<br /><br />It's clear that the system is upsidedown, as wealth is consolidated by fewer and fewer. Caruso would have us thankful that our Corporate benfactors are so kind to share. Just not, via taxes.<br /><br />I expect Cliff to follow up with a quip regarding the folly of Keynesian approaches to balancing the books.<br /><br />I'm here to tell you, we better claw back the wealth of America's middle class because the "elites" are going to invest, what they have pillaged, overseas. The rate of return is better. What else would an investor do? Patriotism isn't an illusion held dear by the shrewd investor. <br /><br />- JackJack Mitchellhttps://www.blogger.com/profile/01719556168992316780noreply@blogger.comtag:blogger.com,1999:blog-1665619563748706349.post-84836465124442853842012-04-16T12:26:57.119-07:002012-04-16T12:26:57.119-07:00My experience is that 75% of the country is 1) mor...My experience is that 75% of the country is 1) more socially liberal than the GOP tends to act, and 2) more fiscally conservative than the Dems seem comfortable to stop taxing and spending, (and we will give the taxing and spending Republicans a pass for this discussion but they are just as bad), yet neither major political party has yet figured out the math--there's a landslide for whoever figures out how to walk the walk on both first.Craig Hhttps://www.blogger.com/profile/09824029248081902170noreply@blogger.com