You make profit by selling a service or product at a higher price than what it cost you.
Since money trees are losing their leaves so quickly now, there's less infinite money from the top to use to pay for the work and resources of all those procurers, be they producers, or distributors or some other middle-men.
Taxation/redistribution is a way of redistributing that wealth, so that the steel mill owner and the ore miner both have municipal garbage service, wastewater collection, social security, etc.
Taxation is not "punishment" it's patriotism. I don't see why people who don't like it just all move to some shithole without taxes like Somalia, and pay outta pocket for security, EMS/fire, sanitation, etc all by hand (if they even exist in your area)
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03-20-2012
Last edited by blumpkin blownuts; 03-20-2012 at 08:53 AM.
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03-20-2012
There was never infinite money. It doesn't magically rain down from on high, economics is cyclical. The housing bubble was caused by a Clinton era mandate imposing a quota requiring them to lend to low-income (minority) applicants.
Wait, you mean well intentioned federal meddling directly caused the current recession? But I'm the 99%! goddamn it I don't want to hear that! More government is always good! Corporations are what's bad! BRB gotta pull out my iphone and bitch about this on twitter.
Taxation/redistribution is a way of redistributing that wealth, so that the steel mill owner and the ore miner both have municipal garbage service, wastewater collection, social security, etc.
Taxation is not "punishment" it's patriotism. I don't see why people who don't like it just all move to some shithole without taxes like Somalia, and pay outta pocket for security, EMS/fire, sanitation, etc all by hand (if they even exist in your area)
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03-20-2012
Nothing new about predatory lending, but you can point fingers at dozens of people for the surge in unchecked, wholesale abuse of mortgages, and later on in complex securities transactions which you'd have to have an MBA to understand fully yourself. Greed, in the form of the "someone else will just eat my dinner if I don't dig in now" logic. There's some special term for that in game theory.
We somehow managed to survive for almost 170 years without a federal income tax. Increasing that tax to pay for a nationwide healthcare mandate is not solving a problem, it is creating a new one.
Untapped stocks of natural resources supplies greatly outweighing their demand, and disconcern for environmental impact during this period had something to do with that as well, I'm sure.
Using loaded statements like this which are inaccurate and not pertinent to the conversation like you're Michael fucking Moore isn't any better than spewing bumper sticker slogans bob, I thought we discussed that already.Last edited by blumpkin blownuts; 03-20-2012 at 09:45 AM.
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03-20-2012
Please explain how it is predatory to lend to someone who cannot pay you back, I don't understand how these banking institutions are benefitting from losing money
Yeah, and the majority of that time we instead survived on slavery, child labor, other abusive labor practices, lack of unions, and probably much, much more.
Untapped stocks of natural resources supplies greatly outweighing their demand, and disconcern for environmental impact during this period had something to do with that as well, I'm sure.
It often really just comes down to bumper-sticker logic for our main arguments. Excuse me for not being long-winded and proving every single single little point- then again Simon's already grading this as my term paper.
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