Economic News

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 3K
  • Views: 151K
  • Politics 
mpaer said:
If only Tech Company owners hundreds of Billions , maybe Trillions, were taxed-like my "income"
Bezos increased his net worth by Hundreds of Billions-basically not taxable. The tax laws have not kept up with Wealth transfers
Click to expand...
How is there income taxed differently than yours?
 
Purple Nurple said:
The rich, owners, get richer. When we put more dollars in consumers pockets by expanding the social safety, spend money to improve physical and digital infrastructure, or invest in renewable energy those dollars ultimately flow to the owners.
Click to expand...
Well there's no way to give lower-income people more income without them spending it. And the way everything is supposed to be kept in a reasonable balance is through a progressive income tax system. But we have flattened out the tax rates - based on nothing more than the now clearly disproven "trickle down" lies - such that they aren't progressive enough anymore. We should probably have 1-2 more tax brackets on top of the highest current tax bracket and the top rates should probably be in the 45% range, maybe as high as 50%.
 
nycfan said:
Click to expand...

who is heather long? Is she a knowledgeable person? When I see that post, I think immediately that:

1. Unemployment is a lagging indicator;
2. Monetary policy has a substantial lag time to take effect.

So I think her confidence about the economy is completely misplaced.
 
superrific said:
who is heather long? Is she a knowledgeable person? When I see that post, I think immediately that:

1. Unemployment is a lagging indicator;
2. Monetary policy has a substantial lag time to take effect.

So I think her confidence about the economy is completely misplaced.
Click to expand...
She is chief economist for Navy Federal and a columnist for the Washington Post; she was at CNN previously. I find her stuff detailed and often pretty insightful. She’s a Rhodes Scholar who studied economics at Oxford. Doesn’t mean she is always right or immune to criticism.
 
nycfan said:
She is chief economist for Navy Federal and a columnist for the Washington Post; she was at CNN previously. I find her stuff detailed and often pretty insightful. She’s a Rhodes Scholar who studied economics at Oxford. Doesn’t mean she is always right or immune to criticism.
Click to expand...
Well, it's important to know if she's knowledgeable. Of course she's not always right or immune to criticism, but neither am I. If serious people say "unemployment now means no recession" then I should take that seriously and think about it. Maybe she's right and I'm wrong. To someone unserious, like Miran, I will just go with my previous wisdom.
 
You must log in or register to reply here.
Back
Top