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DosXX

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DosXX last won the day on October 20 2020

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About DosXX

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  1. He's not entirely wrong on that point, but setting it to zero would be problematic because taxes give the dollar its value in modern centralized banking system (and only printing would lead to hyperinflation). It's a primary source of demand for dollars. There are more reasons it's important to have taxes, balancing of economic stratification being one of them, but it's not the sole reason by any means.
  2. To think there is an objective "right" here is the height of arrogance. No doubt the successful should be incentivized, but there are obvious market distortions that don't make it such a simple matter. A fair tax on consumption isn't really fair IMO since it's regressive on income, on average higher earners spend less and invest more as a percentage of income.
  3. Military pay increases have been outpacing or matching inflation, so the hits if there are any will likely be elsewhere as long as public support remains high. In order of likelyhood: Japan can increase productivity through technological investment or increasing immigration, pursue policies that increase birth rates, print money and lower interest rates (at risk of hyperinflation), increase taxes (at the risk of slowing growth), screw over old people, or accept stagnation.
  4. He's right, just looking at the debt numbers doesn't tell you anything since it doesn't really matter if growth rate outpaces interest on the debt. Japan's debt to GDP ratio is over 200% and we're not projected to reach that until 30 years from now. The worst case scenario is hyperinflation, but it remains highly unlikely and there are many other options before it gets there. Japan will be an interesting case study for the world to learn from and again even for them it is not a catastrophic problem with no solutions.
  5. Who? Also hope you weren't one of the ones calling Obama a communist lol. What would you say if I asked you if Trump supporting anti free trade, farmer subsidies, and pro worker policies sounds a bit like he's a socialist? There's policy overlap within all ideologies. The right wing nationalist platform of Trump is clearly closer to facism than Biden's; as is Biden's left wing progressive platform closer to socialism... Doesn't mean either of them are those things, but these cherry picked policy arguments about WhOs ThE ReAl FaScISt/SoCIaliSt are retarded.
  6. Source? Can't find anyone who has said this. I'm pretty sure defense policy writers in the admin would not agree with this even if some clueless figurehead like the press secretary said it lol.
  7. Yeah I know but you seem to imply there will obviously be negative effects with tax raising and that policy makers could be oblivious to this basic fact. It's not as simple as raising taxes -> higher prices, less jobs, less benefits -> bad for economy. Depending on the tax rate and other factors (like elastic demand for the industry being taxed), it can be a net positive on the economy, and there may be a negligible effect on prices.
  8. Great question, it's explained briefly in this video at 10:40. Put (very) simply, it is in fact true the government doesn't need taxes to fund anything within the modern system of centralized banking and money printing; taxes are a means to end. Taxes give the dollar stability and value because it creates demand for it as the primary currency. https://youtu.be/N8HOWh8HPTo Do you think all 'simple' questions should have simple answers? Why do things fall? A simple question. You can start with newtonian theory gravity and get as complicated as Relativistic theory and s
  9. This response is a meme within economics and he would lose more money in doing so than if he kept the price roughly the same for consumers due the highly elastic demand of unnecessary consumer products like toys. Sounds like he needs to study a bit more "basic economics" but I'll give him the benefit of the doubt since he's 9 😉. Good reading for you guys though. https://www.cs.cmu.edu/~ref/econ101e.html Don't expect Psaki to know what she's talking about with regard to economics, but even if she did I doubt she would answer that question with a nuanced discussion on the implications
  10. I don't even know anyone who still watches cable TV. Qanon, misinformation, and other conspiracies run rampant on the internet (and especially FB), where algorithms exacerbate echo chambers even more than mainstream media ever did and where adversaries can much more easily influence discourse (compare RT to an army of thousands of hidden bots spreading misinformation and using deep fakes). My own family was a victim to conspiracies wrt COVID. Efforts to combat misinformation will lead to biased censorship, and anti big tech sentiment will exceed current anti MSM sentiment, leading to even more
  11. Yeah also hearing this gamer tattoo as evidence they are communist by claiming it is a hammer and sickle. Quite sad the rabbit hole they continue to dig themselves in.
  12. Your characterization of the argument is disingenuous. Nobody here believes Trump is going to attempt, much less succeed, at using the military to attempt a coup. Only person who even used that word on here for the events that transpired today admitted it was too strong to use. This is about the extensive and generational damage Trump's rhetoric continues to have on our institutions via his supporters, and about the very real danger it will pose when millions continue to believe there is a deep state conspiracy that removed Trump, not to mention the damage our adversaries will take advant
  13. I'm glad you at least agree. But on numerous occasions there have been at least 2 members on this forum who literally believe Democrats and left leaning individuals on this forum were "communist".
  14. *Cue curb your enthusiasm* When the grifting goes too far
  15. Here we go with the whataboutism
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