believer;1615086 wrote:Ummmm....you still make the assumption that the key to a robust economy is massive government spending.
:RpS_bored: No I do not! The key to making the economy grow and having a robust economy is more nominal spending. I don't care where it comes from. But, if you're going to cut Federal Government Spending you have to offset that with more private sector spending or the economy is going to shrink. That's straight out of the GDP equation.
In other words you believe that the government should confiscate wealth generated by the producers and redistribute that wealth via gubmint spending allegedly designed to create jobs for the jobless.
No I do not. There is no such thing as "redistribution of wealth" in our monetary system. The Congress could give any amount of dollars to the poor it wants without a dime from you. Taxes destroy your money permanently and forever. The reduce the money supply. Taxes need to drastically reduced. We've been conned into thinking we need such high levels of taxation to provide the amount of government that we want and it is nonsense.
The Congress can hire the unemployed and allow all of our citizens to be "producers" without a dime from you. Federal Taxes serve other purposes like creating an incentive for the government to be accountable to its people, creating a notional demand for the Federal Government's money, creating a social price mechanism or discouraging bad behavior like smoking or pollution but that absolutely serve zero revenue function.
Anybody who says their money is confiscated and redistributed to the p00rz is wrong, wrong, wrong.
The Congress is the scorekeeper of the dollar. They're just accounting units. The scorekeeper at the Browns game does not need to take points away from one team and give them to another team. It would literally make no sense to even say that scorekeeper could possibly do that. Saying that the federal government is redistributing dollar units is just as non-sensical.
Unfortunately though that is part of the con perpetrated on the laboring class to divide them. They split up into opposing factions fighting over the scraps with the one's on the red team screaming bloody murder that they're getting their scraps taken away and transferred to the ones on the blue team. Brilliant strategy to justify overly high taxes and unjust government service...but not in anyway true.
Or at the very least you subscribe to the idea that we can and should create wealth out of thin air and pass it around liberally so we can all dance a jig. Didn't work in the 1930's and won't work now.
The Congress is empowered to create claims on itself that amount to the safest kind of financial wealth in the entire world...it's backed up by the real wealth and productivity of the whole United States and not to mention 5,000 nuclear weapons. When the Congress creates financial wealth it is creating claims on the real wealth of our society. I mean jeez every single U.S. dollar or U.S. dollar denominated checking account are debts of the United States at the end of the day. There is nothing phony about it.
Indeed every single U.S. dollar in existence must have either come from the Congress spending it into existence or from a Fed Member Bank regulated by Congress' bank creating it with a loan. Period.
We've been in a recession for the better part of the past 7 years. The leftists in the mainstream media and the Barry Bunch want us to buy off on the idea that we're simply experiencing a "jobless recovery".
A recession has an actual definition and no we have not been in a recession for the past seven years. Buying in the false us v. them narrative...that there's this liberal media against you...won't make that any less true.
Not that this depression of perpetual slow growth and mass unemployment is any better.
One of the greatest mistakes Congress ever made was the creation of the Fed. Private bankers plus politicians on the take = nothing good. Time to get rid of it.
No it isn't. Every Fed Chair ever has pointed out that the FED is accountable to Congress. Congress created the FED and it is a creature of Congress. This idea that is a charade run by a cabal of private bankers is nonsense straight out of World Net Daily. If it weren't for the Federal Reserve we would already be in a depression.
Eliminating income tax is something we can agree on. That in and of itself will free up massive amounts of private sector wealth and stimulate the economy. However, your "larger deficit" notion doesn't have to be. Stop assuming a robust economy is tied to government spending. Cut government spending AND cut taxes.
Cutting federal government spending has the same macro effect of raising income taxes....and that is true even if that federal government spending is inefficient. So, you want to cut federal government spending, in a country that runs a trade deficit, you have to cut taxes to such a level so as to keep a federal government deficit if you want growth to be driven by strengthening private sector balance sheets as opposed to relying on private sector leveraging.
