Music Banter - America going broke, I say flat tax

Music Banter (https://www.musicbanter.com/)

- Current Events, Philosophy, & Religion (https://www.musicbanter.com/current-events-philosophy-religion/)

- - America going broke, I say flat tax (https://www.musicbanter.com/current-events-philosophy-religion/56059-america-going-broke-i-say-flat-tax.html)

Quote:

Originally Posted by hip hop bunny hop (Post 1047359)

Debating Libertarians has the same pitfalls as debating Marxists; most important of which is that both groups absolutely refuse to acknowledge historical precedent (as is relevant to each ideology), usually by claiming something along the lines of (A) that system as put in place wasn't sufficiently ideologically pure and (B) the persons implementing the ideology lacked the courage to fully implement it. This is when they even accept the validity of such methods; god knows Libertarians love their axioms.

Libertarianism is a sham; it's a crackpot ideology that has been thoroughly disgraced. It's not by accident that fewer than 10% of economists self describe as libertarian. I could go on and on but....

...let's be succinct and say Libertarianism is the last remnant of the cult of Modernism. Mises, Rand - they will take their place next to Le Corbusier, Marx, and the rest of that oh so boorish crowd.

Without getting into an in-depth discussion why you're dead wrong on the subject of libertarianism (as it's off-topic), 45 minutes isn't a long time to spend watching a brief summary of the financial crisis for anyone who's actually interested. Then we can start talk about its content.

Quote:

Originally Posted by Dotoar (Post 1047542)

I watched it but since he wants to assume he knows what is being talked about in it then I don't think you should bother or waste your time.

He's too close minded to discuss this further.

I enjoyed that documentary and I ended up sharing it on facebook.

Most of the information in it, I already knew but it does wrap it up into a nice and neat package for someone that isn't aware about what's going on, on a global scale.

America going broke, I say crazy glue and duct tape

Forty five minutes is a long time. Give me a transcript and I could read it in half the time if I was as sodden as FDR and Winston at 2 am. Besides, I've really no interest in watching something aimed for the masses when I've already read papers from the Mises institute and CATO on the same subject.

Quote:

He's too close minded to discuss this further.

Indeed, I discriminate against idiocy.

Quote:

Originally Posted by hip hop bunny hop (Post 1047932)

You're not giving me much reason to take you seriously. And if you've already read articles about the subject, what are you on about anyway? Leave the clip for those who want a brief summary.

Basically Hayek is pretty right about things... And bad loans don't deserve AAA ratings.

I thought I'd piggyback off of this thread instead of creating a new thread on taxes.

I don't understand the line of reasoning that republicans feel it's such a travesty to have the personal income tax surcharge extended. It currently generates a large amount of revenue for New York and they rather let it run out at the end of the year and cut the budgets of other program known to man. Schools are closing down, they are firing public employees and creating more people that are going to be unemployed and they are fine with that.

The normal line of reasoning is that well "if you tax us then we don't have the money to create jobs." Bullshit! Reganomics doesn't work. The whole trickle down effect that they are still behind doesn't do shit. Another argument they like to use is that "If you keep taxing the rich people they will just up and leave the state." Right!!!! like the small percentage that they have been paying for the past few years is going to cause them to up and leave. If they haven't left yet because of it then they aren't going to leave any time soon.

Now for some wise advice from Chuck Woolery.