Cenk evidently prefers a financial where taxpayers stay on the hook for all of banks' losses, but then we go and regulate the banks to make sure they're not too risky. A better solution would to put the banks back on the hook. That way they'll self regulate, because greedy people always want to minimize risk.
its amazing that people like Mr sckulow is running any kind of organization. I mean he won't acknowledge his own fallacious point. its like arguing with a child. he complained about obama not getting things done quick enough and then agreed that republications won't vote for anything. I wonder if he knows how ignorant that sounds.
last point just fails on every level:
in luxury products profit margins are higher and thus the amount of paid labour per dollar is lower!
the rich have a higher savings rate because they can afford it, their spending is not as reliable as low incomes who really have to spend most of their money
I have decided that Conservatives are idiots and they know nothing about economics. They shouldn't talk about economics. They don't know what they're talking about.
Tax hikes or decreases are a red herring. You could take everyone's personal income in US or have a 100% tax rate and you wouldn't even be able to pay out interest on US foreign debt at this point. It is a red herring, because the government does not use 'tax' money to run its programs anymore, it prints=steals from the living, it borrows=steals from the yet unborn.
Taxes are irrelevant at this point. Hide the value of your money from your government's printing press. Buy gold, energy, food
@SamuelHans i was wondering the same thing! This type of mindset is amazing. I have a few friends looking @ alternative nations to live out their retirement because they think the country is going to sink. I'd like to think that we can overcome and burn brighter. After listening to this man... I just dont know.
One of the first conservatives on the TYT show that's
- Sounds somewhat intelligent
- Not shouting like a kid while being 30+
- Talking reasonably in general
- Making a few reasonable points that make some sense
- Looks like Cenk a little
I guess it's logical to be a conservative when you have a lot of money. You don't want things to change when you have it made. Still the richest part of the population should always remember that they are not the majority...
If any fucking tard still thinks that deregulated banking is a good idea, then they must go move to Iceland and get the fuck out of America. Icelanders learned that banks are, in the end, backed by the government and the people.
@coosoorlog he's not nearly as stupid as the average conservative but he showed how disconnected he is from reality when he earnestly tried to argue that yacht manufacturing or exclusive hotels affect the wider economy, then continued to argue that $250,000 a year is not a lot of money when quite frankly it's more than what 97% of the country earn (statistic taken from the census bureau).
Cool, time to fact check though I think I already have a good idea on who was in the right. As if America's economy depends solely on jobs that cater to the above 250k bracket; they want to have lots of money and not pay taxes for it - it's a juvenile fantasy not some sort of sound economic plan.
Cenk evidently prefers a financial where taxpayers stay on the hook for all of banks' losses, but then we go and regulate the banks to make sure they're not too risky. A better solution would to put the banks back on the hook. That way they'll self regulate, because greedy people always want to minimize risk.
its amazing that people like Mr sckulow is running any kind of organization. I mean he won't acknowledge his own fallacious point. its like arguing with a child. he complained about obama not getting things done quick enough and then agreed that republications won't vote for anything. I wonder if he knows how ignorant that sounds.
last point just fails on every level:
in luxury products profit margins are higher and thus the amount of paid labour per dollar is lower!
the rich have a higher savings rate because they can afford it, their spending is not as reliable as low incomes who really have to spend most of their money
I have decided that Conservatives are idiots and they know nothing about economics. They shouldn't talk about economics. They don't know what they're talking about.
An excellent explanation of why a consumption tax and abolishment of income tax makes only all the sense in the world: use tiny url 2b93h6g
Tax hikes or decreases are a red herring. You could take everyone's personal income in US or have a 100% tax rate and you wouldn't even be able to pay out interest on US foreign debt at this point. It is a red herring, because the government does not use 'tax' money to run its programs anymore, it prints=steals from the living, it borrows=steals from the yet unborn.
Taxes are irrelevant at this point. Hide the value of your money from your government's printing press. Buy gold, energy, food
@SamuelHans i was wondering the same thing! This type of mindset is amazing.
I have a few friends looking @ alternative nations to live out their retirement because they think the country is going to sink. I'd like to think that we can overcome and burn brighter. After listening to this man... I just dont know.
Conservatard doesn't surprise me with his blindness.
my thoughts at 18:13:
so global economic collapse= another republican victory....great...shows where his priorities are
Wow this guy is slipery
Obama did squander the opportunity he had-with a super majority in Congress- to really change things.
See, now that was a nice, civil discussion. Why can't we have more of these?
I love the "Tax cut for 95% of Americans" thing. That's almost as good as when Clinton said "It depends on what 'IS' is"
How is S-Chip being paid for? Cigarette taxes. Is it only the top 5% of Americans who smoke cigarettes?
damn AC DC commercial. they sound like shit.
Wow, listen to this turd try to explain why the richest Americans deserve tax cuts. Talk about gall.
" I guess it's logical to be a conservative when you have a lot of money. You don't want things to change when you have it made."
Best explanation of alltime.
One of the first conservatives on the TYT show that's
- Sounds somewhat intelligent
- Not shouting like a kid while being 30+
- Talking reasonably in general
- Making a few reasonable points that make some sense
- Looks like Cenk a little
Nice
I guess it's logical to be a conservative when you have a lot of money. You don't want things to change when you have it made. Still the richest part of the population should always remember that they are not the majority...
If any fucking tard still thinks that deregulated banking is a good idea, then they must go move to Iceland and get the fuck out of America. Icelanders learned that banks are, in the end, backed by the government and the people.
this was not a factual person Jordan Sekulow is one sided
@coosoorlog he's not nearly as stupid as the average conservative but he showed how disconnected he is from reality when he earnestly tried to argue that yacht manufacturing or exclusive hotels affect the wider economy, then continued to argue that $250,000 a year is not a lot of money when quite frankly it's more than what 97% of the country earn (statistic taken from the census bureau).
"People who are make $250,000 a year are not buying yachts!"
Thank you, captain stupid.
It was going good until the end.
This Jordan Sekulow really do not understand the essence of America...
Cool, time to fact check though I think I already have a good idea on who was in the right. As if America's economy depends solely on jobs that cater to the above 250k bracket; they want to have lots of money and not pay taxes for it - it's a juvenile fantasy not some sort of sound economic plan.
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