Greatest Best Leader of ALL TIME Yep Dat BeeeZZZ Big BIg BIG Hands Golden Haired Long Black Coat Wearin; WINNING ALWAYS Prez #45 45ers Gots His Back. You, Not So Much.......Yap

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Message 2002056 - Posted: 11 Jul 2019, 2:34:46 UTC
Last modified: 11 Jul 2019, 2:36:29 UTC

Sarge and Moomin, the Laffer curve totally denies the concept of diminishing marginal utility. It is voodoo economics. That is not just my opinion but the vast majority of economists.
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Message 2002058 - Posted: 11 Jul 2019, 2:47:42 UTC - in response to Message 2002056.  
Last modified: 11 Jul 2019, 2:55:15 UTC

LOL:) It was George H. W. Bush who coined the term "voodoo economics".
Well here we are and the one percenters are laughing all the way to the bank.
Still waiting for the trickle down effect:)
Droppen Dripp Och Droppen Drapp https://www.youtube.com/watch?v=Przwe-SNZWE
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Message 2002061 - Posted: 11 Jul 2019, 3:19:19 UTC - in response to Message 2002058.  

Still waiting for the trickle down effect:)

Yep
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Profile Wiggo "Democratic Socialist"
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Message 2002062 - Posted: 11 Jul 2019, 3:55:58 UTC

The trickle down effect won't happen while 99% of rich people just want to see their names climb upwards on the rich list and that's just another uncomfortable fact for some. ;-)
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Message 2002063 - Posted: 11 Jul 2019, 4:14:30 UTC

I have no problem with people who are rich.
They have cash flow as everyone else so the economy is shared at very least.
The problem start when they are stacking their wealth.
Like many of one percenters does.
The one percenters to me is like black holes.
What goes in, never comes out.
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Message 2002064 - Posted: 11 Jul 2019, 4:34:03 UTC

What is the shape of the laffer curve?
here are some possible samples: https://www.itl.nist.gov/div898/handbook/eda/section3/eda366.htm
The picture in the photo in the thread for the curve is like a Tukey-Lambda Distribution. Well BZZZZZZT wrong.

It is much more like a Weibull Distribution or a F Distribution, very heavily skewed towards high tax rates.

The tax rates are so low now we aren't anywhere near the top.

The USA had a tax rate of 93% at one time and it was doing fine. That is likely a tax rate that is near the real top of the laffer curve.

No wonder trickle down doesn't work! We aren't taxing enough for it too work.
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Message 2002067 - Posted: 11 Jul 2019, 4:56:57 UTC - in response to Message 2002064.  
Last modified: 11 Jul 2019, 5:07:46 UTC

LOL. When economists starting to create "scientific" models of how economy works they always fail.
Have you ever met an economist that now are stinking rich after using their own models?
Don't think so:)
Well maybe Trump can:)

All "economy science" are always models of the past.
You cannot predict anything from those models.
in science you have to be able to predict, from a model, a future result .
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Message 2002069 - Posted: 11 Jul 2019, 5:40:45 UTC

Too Moomin, Gary & Wiggo all you are doing is affirming the proven concept of diminishing marginal utility. Specifically 1 dollar is less useful to someone who makes 10 million a year than someone who makes 30 thousand a year.
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Message 2002070 - Posted: 11 Jul 2019, 5:53:32 UTC - in response to Message 2002069.  

Too Moomin, Gary & Wiggo all you are doing is affirming the proven concept of diminishing marginal utility. Specifically 1 dollar is less useful to someone who makes 10 million a year than someone who makes 30 thousand a year.

Then the laffer curve is the Birnbaum-Saunders (Fatigue Life) Distribution.
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Message 2002071 - Posted: 11 Jul 2019, 6:24:38 UTC - in response to Message 2002069.  
Last modified: 11 Jul 2019, 6:32:29 UTC

Strange that you have a regulated minimum wage by the US government.
Blin. We don't have such communistic ideas here:)
Then all statistics about income and taxes that are per household.
What? Very confusing. How do you calculate marginal utilities then?
And what is a household in the US anyway per definition?
Here all people above 18 years pay individual income tax no matter the size of the household.
Even if the person have an income that is way lower than the US minimum wage:)
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Message 2002072 - Posted: 11 Jul 2019, 6:43:39 UTC

I don't know about that being "communistic idea", but it's certainly a socialist 1 Janne. ;-)
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Message 2002074 - Posted: 11 Jul 2019, 6:56:41 UTC - in response to Message 2002072.  
Last modified: 11 Jul 2019, 7:06:45 UTC

Aha:)
Maybe that's why Trump is so fond of Vova Putin and Kim with his Lollybombs...

Oh. Australia: Minimum wage increase from 1 July 2019. Hehe:)
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Message 2002082 - Posted: 11 Jul 2019, 12:03:38 UTC

The devastating effect of bankruptcy.
Immigrant City
Hmm, how did such a fat oaf get into the White House?
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Message 2002093 - Posted: 11 Jul 2019, 12:58:51 UTC
Last modified: 11 Jul 2019, 13:06:49 UTC

"You look at what's happening in Sweden, you look at what's happening last night in Detroit. Detroit, who would believe this. Detroit. They took in large numbers. They're having problems like they never thought possible,"
https://www.youtube.com/watch?v=CaQ--nkusNQ

Btw. Watch out for the Swedish fish:)
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Message 2002184 - Posted: 12 Jul 2019, 1:14:48 UTC - in response to Message 2001918.  
Last modified: 12 Jul 2019, 1:15:23 UTC

This is mainly for Clyde, as he keeps repeating Trump's claim that the Christopher Steele dossier is bogus.

Reuters - Trump 'dossier' author grilled by Justice Department watchdogs: sources

In that same month, Attorney General William Barr, who now heads the Justice Department, told a congressional committee that the Horowitz probe would be completed by May or June.

One of the two sources said Horowitz’s investigators appear to have found Steele’s information sufficiently credible to have to extend the investigation. Its completion date is now unclear.

ALL conjecture, from 'anonymous' sources(all officials refused to comment), a favorite ploy by 'News' agencies seeking higher ratings.....as with Mueller it remains to be seen what will be in the report.

Probably another 'fart in a skillet'.

Is asserting a motive (i.e. "seeking higher ratings") with no evidence, an example of "conjecture"? Are you still waiting to see the content of the Mueller report? Is NPR an acceptable source for this document?

BTW I don't expect an answer, I suspect I am still on JaundicedEye's ignore list (if so, I've been there for over three years).
I think you'll find it's a bit more complicated than that ...

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Message 2002186 - Posted: 12 Jul 2019, 1:28:20 UTC - in response to Message 2002184.  

Are you saying Eye lives in an echo chamber?
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Message 2002209 - Posted: 12 Jul 2019, 3:49:45 UTC - in response to Message 2002186.  

Are you saying Eye lives in an echo chamber?


When you can't shoot a bear either on the Eastern plains or the Western Slope, all you can do is fart in your skillet, hear it echo, and they eat it?
Capitalize on this good fortune, one word can bring you round ... changes.
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Profile Gary Charpentier Crowdfunding Project Donor*Special Project $250 donor
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Message 2002215 - Posted: 12 Jul 2019, 5:47:58 UTC - in response to Message 2002209.  

:-)
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Message 2002229 - Posted: 12 Jul 2019, 11:24:59 UTC

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Message 2002233 - Posted: 12 Jul 2019, 11:52:29 UTC - in response to Message 2002229.  

LOL:) Will the Wall protect the US from gangsters and drug trafficking?
Give me a break. Only Geniuses from Karlstad think so:)
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Message boards : Politics : Greatest Best Leader of ALL TIME Yep Dat BeeeZZZ Big BIg BIG Hands Golden Haired Long Black Coat Wearin; WINNING ALWAYS Prez #45 45ers Gots His Back. You, Not So Much.......Yap


 
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