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DosXX

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Posts posted by DosXX

  1. 4 hours ago, lloyd christmas said:

    I would genuinely like to hear from a Biden supporter on this thread.  I’d like to hear how they think things are going and what their perspective is.  I’m trying to find reasons to be hopeful for this administration but I’m not having much luck.  

    Things seem to be going fine. Hard to be hopeful if you're a conservative but:

    Pulling out of Afghanistan 

    Rejoined Paris Accords 

    Vaccination rollout 

    Cabinet appointees

    Stimulus Bill 

    Infrastructure Plan https://noahpinion.substack.com/p/bidenomics-explained

     

     

     

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  2. 2 hours ago, lloyd christmas said:

    Forceable suppression of opposition is one of the hallmarks of fascism.  This is modern day fascism

    Forcible suppression of opposition is one of the hallmarks of communism. This is modern day communism.

    Wait 

  3. 4 hours ago, pawnman said:

    Real estate, stock market, and grocery stored don't provide demand for dollars?  The value of currency is based on government taking back some of the currency they issue?

    Gonna need you to explain that one in more detail

    Never said it's the only source, but yes it is a primary source. Like was said, the government doesn't actually need taxes to fund anything. The reason bitcoin, gold, or any other alternative currency will never take over the dollar is because the government requires taxes to be paid in dollars. 

    Just look at Cuba, the dollar from expat community runs the economy there. They eliminated taxes after the cuban revolution, and the national peso is now essentially worthless there. It got so bad they created an alternative cuban "dollar" pegged to the value of the US dollar to attempt to maintain some level of control. I'd argue part of the reason the peso isn't used in the economy anymore is that they eliminated demand for it by removing taxes.

     

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  4. 56 minutes ago, pawnman said:

    Well, hell...let's make it fair and set all the tax rates to zero.

    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.

  5. 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.

  6. 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. 

     

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  7. 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. 

     

  8. On 3/24/2021 at 8:46 AM, HeloDude said:

    So for the progressives on here who labeled Trump as a fascist...

    Who? Also hope you weren't one of the ones calling Obama a communist lol. 

    On 3/24/2021 at 8:46 AM, HeloDude said:

    Also, Biden supports (see link below), the police being able to go into your house and seize weapons without a warrant...also sounds a bit like what a fascist would want to do.

    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.

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  9. On 3/20/2021 at 4:51 PM, brickhistory said:

    same crew that says white extremism is the #1 threat for the Defense Department?

    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. 

  10. On 3/20/2021 at 6:40 PM, brabus said:

    Well yeah, it was a basic scenario for a 9 yr old. Doesn’t change the fact it’s an incredibly stupid/naive statement to say raising taxes on businesses, raw materials, etc. won’t affect things like consumer prices, employee benefits, employee hours, or even job availability

    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.

  11. On 3/20/2021 at 11:16 PM, ViperMan said:

    Riddle me this then: why doesn't the government just "move enough around" (likewise) to make it work out in their favor? They're bigger than any one company and can afford more accountants, right?

    Better yet, ask yourself why do we need taxes at all if the government can just run the money printer and just make themselves however much money they need...

    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

     

    On 3/20/2021 at 8:47 PM, Lord Ratner said:

    Ah yes, economics. Incredibly complex and counterintuitive answers to simple questions, requiring even more complicated explanations when the aforementioned answers prove incorrect.

    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 spacetime curvature.  Newtonian gravity was also proved incorrect outside regimes common to our experience, I don't see what's wrong with furthering our understanding of reality with more data and theory, even if it is more complicated in the end. Relativity is far more unintuitive and complicated, but that is no reason to reject it when it is undeniably a more accurate theory.

    Economics has had and continues to have its own set of issues, but data based empirical research is becoming a bigger part of the field every year. Not that that's relevant for the original point anyways, elastic demand is econ101. 

     

  12. 6 hours ago, brabus said:

    Just asked my 9 year old what he would do if he sold a toy for $10 and the government decided to start taking an extra $100 a month from him in taxes? He replied, “I’d sell my toy for $15.” This was with no leading questions/information or previous discussion of this article. So yeah, a 9 year old understands basic economics better than the President’s press secretary (or worse, the entire administration...if her statement truly represents the administration’s position).

    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 of demand elasticity, money velocity, tax revenue optimization, etc., with respect to the new policy. To think those writing policy within the administration would lack a basic understanding of economics is disingenuous.

     

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  13. 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 radicalization. I hate to be pessimistic but I'm not so sure the internet is our saving grace here, I fear this will only prove to make things worse.

  14. 1 hour ago, ViperMan said:

    And again, the 'coup' talk is disingenuous. Where is the force that is going to back-up any of this? Honestly it's disheartening to think that so many of my colleagues harbor an actual concern that this threatened our way of life, because it implies you think that the military at large would fall in line with blindly carrying out orders from Trump.

    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 advantage of. The 'force' to be cautious with here is not the military, it's tens of thousands of armed Americans rallied under cries of 1776 convinced by a vile nihilism that everything is corrupted. Of course it remains highly unlikely that all will decide to enact violence, but even the smallest percentage deciding to revolt is a credible danger to the lives of many. The voices are there and they are real and being heard. 

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  15. 1 minute ago, dream big said:

    Likewise we don’t claim that the actions of antifa are representative of the mainstream democrats.  Groups should not be characterized by their worst people.  

    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". 

  16. 6 minutes ago, billy pilgrim said:

    Okay that's a sampling (n 916) of the 150M or so voters.  I understand how stats work a little and I don't know if you can just post a poll from NPR to put this to rest.

    Sim is on the extreme end of your side on this issue, I think you may have misinterpreted what he was trying to say. He posted that to say a majority of Republicans believing there was fraud is a rebuttal to the earlier claim that a majority of voters don't believe election was fraudulent. 

    n=916 mathematically provides a margin of error of roughly 3% for a 95% confidence interval, so it's not something to put aside. Based on this poll it is a near certainty that a majority of Republicans believe the election was not accurate and that a majority of voters feel it was accurate. But I'm open to whatever stats you know since everything I've ever seen wrt sample sizes show roughly 1000 as standard statistical practice.  

    10 minutes ago, billy pilgrim said:

    My personal opinion is that the alleged rampant fraud wasn't in every state but the ones that it was in was enough to overturn the will of the people in those states.  A lot of Americans feel the same way.

    Based on? A lot of Americans also feel the Earth is flat. 

  17. 23 hours ago, M2 said:

    Funny how all those alleging election tampering in 2016 suddenly claim it couldn't have happened in 2020!

    You're conflating interference with fraud, most people accepted 2016 all votes as valid even if they claimed there was foreign interference that changed the outcome, or even if they went the cringey route of saying they would leave the country or #notmypresident. And most everyone who claimed interference happened in 2016 would certainly agree it could have happened this year. Key word being interference, not invalid fraudulent votes from a domestic conspiracy at a scale never seen before. 

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