Q: How do we pay off the National Debt? A: We inflate it away!

[The Rabbi]

It was collusion. You don't remember the fines imposed on the oil companies in the 80's, or the oil companies not being able to spend their ill-gotten gains? Do a search for Chevron Land Development and look at the dates of inception.

So fines were imposed on oil companies in the 1980s for something that happene din the early 70s?
Sonny boy, I was there. There was a shortage of gas. Everyone with two functioning brain cells agrees on this. Since you dont have two functioning brain cells you dont get it.

I remember us waiting in lines a half mile long for our 5 gal. allotment and getting within a cars length and having them run out. And then hoping you had better luck at the next station, if you could find one with gas still, and hoping you won't run out trying to find it or in line again, or, once again luck isn't on your side and they run out before you get to the pump. I saw cars having to be pushed up to the pump. Young people today have no idea. It was even worse than after a hurricane, because you know that things will return to normal fairly soon, and usually store some gas to get you through.

Sure. Any of us who were there remember odd days and even days for cars. That sort of thing. It is supreme idiocy to deny there was a shortage. Which is what happens when gov't sets prices.

 

[RKMBrown]

It was collusion. You don't remember the fines imposed on the oil companies in the 80's, or the oil companies not being able to spend their ill-gotten gains? Do a search for Chevron Land Development and look at the dates of inception.

So fines were imposed on oil companies in the 1980s for something that happene din the early 70s?
Sonny boy, I was there. There was a shortage of gas. Everyone with two functioning brain cells agrees on this. Since you dont have two functioning brain cells you dont get it.

I remember us waiting in lines a half mile long for our 5 gal. allotment and getting within a cars length and having them run out. And then hoping you had better luck at the next station, if you could find one with gas still, and hoping you won't run out trying to find it or in line again, or, once again luck isn't on your side and they run out before you get to the pump. I saw cars having to be pushed up to the pump. Young people today have no idea. It was even worse than after a hurricane, because you know that things will return to normal fairly soon, and usually store some gas to get you through.

Dem greenies have been trying their best to bring that back by blocking all new refining plants for the last two decades.

 

[regent]

America began with a national debt and some years later a Democratic president decided to pay off the debt, the only time in our history the debt was ever paid off, and the pay off caused a depression.

 

[OnePercenter]

-That would be nice. Think about the extra monies floating into the economy rather than some rich guys holding account, or the $100 Trillion currently locked down by corporate America.

Well the quote function went to shit so let's focus on this.

So you think people getting their wages increased by triple is somehow going to result in more people getting money to spend. I agree they would have more to spend, they would be spending about triple on what current item's cost. There is no gain to be had here. All we can get from that is bigger numbers of money spent but the purchasing power of everyone with those big bucks drops to the same level we have now.

If you increase the wages you increase the cost of production. You can make yourself all happy with increasing wages but in the end it only increases the cost of goods at an equal amount.

Corporations aren't going to just increase wages they will increase the sales cost of their products to make up for it. And while they do that their 10% profit margin will increase accordingly. 10% of people working for 10 bucks an hour equals a dollar. If that labor rate goes up to 20 the same 10% applies. You can't get higher wages without increasing the sales price of products. It's impossible.

Except the costs of good and services are capped.

 

[OnePercenter]

OMG!!! You didnt just write that, did you?
There is no inflation. I checked my bank balance today and it was the same as yesterday.
Yes, you would really say that.

You couldn't spell Columbia without spell check, much less ever have gone there.

Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time, not your check book!

 

[OnePercenter]

I guess all those lines and rationing schemes were just made up.

It was collusion. You don't remember the fines imposed on the oil companies in the 80's, or the oil companies not being able to spend their ill-gotten gains? Do a search for Chevron Land Development and look at the dates of inception.

So fines were imposed on oil companies in the 1980s for something that happene din the early 70s?
Sonny boy, I was there. There was a shortage of gas. Everyone with two functioning brain cells agrees on this. Since you dont have two functioning brain cells you dont get it.

It was the late 70's. My Uncle was a VP at Standard Oil/Chevron. It was collusion.

 

[OnePercenter]

It was collusion. You don't remember the fines imposed on the oil companies in the 80's, or the oil companies not being able to spend their ill-gotten gains? Do a search for Chevron Land Development and look at the dates of inception.

So fines were imposed on oil companies in the 1980s for something that happene din the early 70s?
Sonny boy, I was there. There was a shortage of gas. Everyone with two functioning brain cells agrees on this. Since you dont have two functioning brain cells you dont get it.

I remember us waiting in lines a half mile long for our 5 gal. allotment and getting within a cars length and having them run out. And then hoping you had better luck at the next station, if you could find one with gas still, and hoping you won't run out trying to find it or in line again, or, once again luck isn't on your side and they run out before you get to the pump. I saw cars having to be pushed up to the pump. Young people today have no idea. It was even worse than after a hurricane, because you know that things will return to normal fairly soon, and usually store some gas to get you through.

And the oil companies were laughing all the way to the bank.......

 

[OnePercenter]

So fines were imposed on oil companies in the 1980s for something that happene din the early 70s?
Sonny boy, I was there. There was a shortage of gas. Everyone with two functioning brain cells agrees on this. Since you dont have two functioning brain cells you dont get it.

I remember us waiting in lines a half mile long for our 5 gal. allotment and getting within a cars length and having them run out. And then hoping you had better luck at the next station, if you could find one with gas still, and hoping you won't run out trying to find it or in line again, or, once again luck isn't on your side and they run out before you get to the pump. I saw cars having to be pushed up to the pump. Young people today have no idea. It was even worse than after a hurricane, because you know that things will return to normal fairly soon, and usually store some gas to get you through.

Sure. Any of us who were there remember odd days and even days for cars. That sort of thing. It is supreme idiocy to deny there was a shortage. Which is what happens when gov't sets prices.

No shortage, It was collusion.

 

[OnePercenter]

So fines were imposed on oil companies in the 1980s for something that happene din the early 70s?
Sonny boy, I was there. There was a shortage of gas. Everyone with two functioning brain cells agrees on this. Since you dont have two functioning brain cells you dont get it.

I remember us waiting in lines a half mile long for our 5 gal. allotment and getting within a cars length and having them run out. And then hoping you had better luck at the next station, if you could find one with gas still, and hoping you won't run out trying to find it or in line again, or, once again luck isn't on your side and they run out before you get to the pump. I saw cars having to be pushed up to the pump. Young people today have no idea. It was even worse than after a hurricane, because you know that things will return to normal fairly soon, and usually store some gas to get you through.

Dem greenies have been trying their best to bring that back by blocking all new refining plants for the last two decades.

We don't need any more refineries. We have a glut of gasoline/diesel.

 

[Missouri_Mike]

-That would be nice. Think about the extra monies floating into the economy rather than some rich guys holding account, or the $100 Trillion currently locked down by corporate America.

Well the quote function went to shit so let's focus on this.

So you think people getting their wages increased by triple is somehow going to result in more people getting money to spend. I agree they would have more to spend, they would be spending about triple on what current item's cost. There is no gain to be had here. All we can get from that is bigger numbers of money spent but the purchasing power of everyone with those big bucks drops to the same level we have now.

If you increase the wages you increase the cost of production. You can make yourself all happy with increasing wages but in the end it only increases the cost of goods at an equal amount.

Corporations aren't going to just increase wages they will increase the sales cost of their products to make up for it. And while they do that their 10% profit margin will increase accordingly. 10% of people working for 10 bucks an hour equals a dollar. If that labor rate goes up to 20 the same 10% applies. You can't get higher wages without increasing the sales price of products. It's impossible.

Except the costs of good and services are capped.

How in the hell do you make that work?

The cost of being in business and the prices you need to sell at are directly tied to the cost of labor. How can you possibly increase the cost of labor and think you can at the same time cap the selling price? People just quit making stuff in that case. Once the labor costs exceed the sales price of the item you no longer have a business.

It's why people in Venezuela don't have any toilet paper. It's why this idea of socialist policies fail every single time. You can't cap the selling price of an item and then demand they pay more to make it and succeed. It's not possible.

 

[OnePercenter]

-That would be nice. Think about the extra monies floating into the economy rather than some rich guys holding account, or the $100 Trillion currently locked down by corporate America.

Well the quote function went to shit so let's focus on this.

So you think people getting their wages increased by triple is somehow going to result in more people getting money to spend. I agree they would have more to spend, they would be spending about triple on what current item's cost. There is no gain to be had here. All we can get from that is bigger numbers of money spent but the purchasing power of everyone with those big bucks drops to the same level we have now.

If you increase the wages you increase the cost of production. You can make yourself all happy with increasing wages but in the end it only increases the cost of goods at an equal amount.

Corporations aren't going to just increase wages they will increase the sales cost of their products to make up for it. And while they do that their 10% profit margin will increase accordingly. 10% of people working for 10 bucks an hour equals a dollar. If that labor rate goes up to 20 the same 10% applies. You can't get higher wages without increasing the sales price of products. It's impossible.

Except the costs of good and services are capped.

How in the hell do you make that work?

The cost of being in business and the prices you need to sell at are directly tied to the cost of labor. How can you possibly increase the cost of labor and think you can at the same time cap the selling price? People just quit making stuff in that case. Once the labor costs exceed the sales price of the item you no longer have a business.

It's why people in Venezuela don't have any toilet paper. It's why this idea of socialist policies fail every single time. You can't cap the selling price of an item and then demand they pay more to make it and succeed. It's not possible.

Except under my plan the cost of labor for small business NEVER exceeds total tax/fee costs.

 

[Missouri_Mike]

Well the quote function went to shit so let's focus on this.

So you think people getting their wages increased by triple is somehow going to result in more people getting money to spend. I agree they would have more to spend, they would be spending about triple on what current item's cost. There is no gain to be had here. All we can get from that is bigger numbers of money spent but the purchasing power of everyone with those big bucks drops to the same level we have now.

If you increase the wages you increase the cost of production. You can make yourself all happy with increasing wages but in the end it only increases the cost of goods at an equal amount.

Corporations aren't going to just increase wages they will increase the sales cost of their products to make up for it. And while they do that their 10% profit margin will increase accordingly. 10% of people working for 10 bucks an hour equals a dollar. If that labor rate goes up to 20 the same 10% applies. You can't get higher wages without increasing the sales price of products. It's impossible.

Except the costs of good and services are capped.

How in the hell do you make that work?

The cost of being in business and the prices you need to sell at are directly tied to the cost of labor. How can you possibly increase the cost of labor and think you can at the same time cap the selling price? People just quit making stuff in that case. Once the labor costs exceed the sales price of the item you no longer have a business.

It's why people in Venezuela don't have any toilet paper. It's why this idea of socialist policies fail every single time. You can't cap the selling price of an item and then demand they pay more to make it and succeed. It's not possible.

Except under my plan the cost of labor for small business NEVER exceeds total tax/fee costs.

And how do you do that? If you increase the cost of labor the product produced is obviously going to increase. But you are going to use price controls at the selling point to somehow make the labor worth more while keeping the sales price the same. If you can't accomplish that then there is no reason for your increase in labor.

Where does your unicorn and fairy tale economy come into play? Do you actually think that business today isn't based upon charging for their product based upon the total tax/fee plus labor and materials and sales costs? What you are paying for products today is entirely based on those costs.

You have no other plan than to increase all of those costs by triple. Raise the labor rate and the sales price goes up. Is this hard for you to understand?

 

[The Rabbi]

It was collusion. You don't remember the fines imposed on the oil companies in the 80's, or the oil companies not being able to spend their ill-gotten gains? Do a search for Chevron Land Development and look at the dates of inception.

So fines were imposed on oil companies in the 1980s for something that happene din the early 70s?
Sonny boy, I was there. There was a shortage of gas. Everyone with two functioning brain cells agrees on this. Since you dont have two functioning brain cells you dont get it.

It was the late 70's. My Uncle was a VP at Standard Oil/Chevron. It was collusion.

Yes of course he was. Just like you have an MBA from Columbia.

 

[The Rabbi]

Except the costs of good and services are capped.

How in the hell do you make that work?

The cost of being in business and the prices you need to sell at are directly tied to the cost of labor. How can you possibly increase the cost of labor and think you can at the same time cap the selling price? People just quit making stuff in that case. Once the labor costs exceed the sales price of the item you no longer have a business.

It's why people in Venezuela don't have any toilet paper. It's why this idea of socialist policies fail every single time. You can't cap the selling price of an item and then demand they pay more to make it and succeed. It's not possible.

Except under my plan the cost of labor for small business NEVER exceeds total tax/fee costs.

And how do you do that? If you increase the cost of labor the product produced is obviously going to increase. But you are going to use price controls at the selling point to somehow make the labor worth more while keeping the sales price the same. If you can't accomplish that then there is no reason for your increase in labor.

Where does your unicorn and fairy tale economy come into play? Do you actually think that business today isn't based upon charging for their product based upon the total tax/fee plus labor and materials and sales costs? What you are paying for products today is entirely based on those costs.

You have no other plan than to increase all of those costs by triple. Raise the labor rate and the sales price goes up. Is this hard for you to understand?

He is too stupid to argue with. I point out that lots of products are imported, where price controls won't reach. And his response is they are sold by importers, who cannot increase their prices. So it's OK.
It literally does not get more stupid than that.

 

[RKMBrown]

I remember us waiting in lines a half mile long for our 5 gal. allotment and getting within a cars length and having them run out. And then hoping you had better luck at the next station, if you could find one with gas still, and hoping you won't run out trying to find it or in line again, or, once again luck isn't on your side and they run out before you get to the pump. I saw cars having to be pushed up to the pump. Young people today have no idea. It was even worse than after a hurricane, because you know that things will return to normal fairly soon, and usually store some gas to get you through.

Dem greenies have been trying their best to bring that back by blocking all new refining plants for the last two decades.

We don't need any more refineries. We have a glut of gasoline/diesel.

Shocker huh? Libtard policies result in 8 million less workers, 50million or so Americans sitting home each day collecting welfare, food supply reductions based on laws forcing us to convert corn to gas, and then we have an excess of fuel. Yeah the rate we're going we'll be using as much fuel as a third world country in no time.

 

[pvsi]

Q: How do we pay off the National Debt? A: We inflate it away!

You are a genius, only debt was created to enslave nations and YOU... my little acorn, are not deciding ANYTHING...

 

[Erand7899]

Q: How do we pay off the National Debt?

Just as we did the last time: getting Americans back on a payroll – something conservatives have prevented us from doing as a consequence of their partisan obstructionism.

Does paying your children to do chores make your family richer, or increase the family income? Does taking money from peter to pay paul, make this nation richer, or increase the nation's income? Moving money around does not increase wealth.

Taking oil, gas, and minerals out of the ground, increases both wealth and jobs. Turning raw materials into marketable materials, increases both wealth and jobs.

Building infrastructure, although necessary to facilitate business, is mostly overhead. By itself, it generates little wealth. That little wealth generated comes from creation of the materials necessary for building the infrastructure. The jobs created by building infrastructure do little beyond moving money around. Money moves from taxpayers, to government, and then back to the contracters and workers.

If you wish to increase national wealth, and therefore sustain our standard of living, you have to improve the means of generating wealth. Excessive taxes and excessive regulations kill the ability of any nation to increase wealth, and doom it to an ever increasing cycle of lower standard of living. The drive toward third world status.

 

[Erand7899]

They do. The problem is there's not enough jobs. Corporate America is holding the middle class hostage because they want their subsidies back. My plan eliminates the loopholes and stimulates hiring, especially in small businesses by reducing the number one expense of hiring to a maximum of taxes paid.

It also stimulates the welfare class. Would you rather make payments from welfare or $48k/yr? Simple choice, since everyone will be hiring I'm removing the 'I can't find a job' off the table.

Costs of goods for business will stay the same.

Profits won't be capped because every American will receive a HUGE raise and buy more product thus enhancing profit.

Corporate America is holding the middle class hostage because they want their subsidies back. I'm giving them their subsidies, but in a way that stimulates the middle class and the economy instead of just enhancing their bottom line.

Have you ever taken an Econ class in your life? Read a text book? Looked at a Wiki article on the topic? I mean, no one who did any of that would post such stupid bullshit.

I hold a Masters Degree in Business from Columbia University.

Then, you got robbed at Columbia University. There is no free lunch, and there never has been one. Government cannot mandate prosperity. If it could, it would have done so many years ago. Has that thought ever entered your pointy little head?

 

[The Rabbi]

There is no such thing as a "Masters Degreee in Business" from Columbia. He is a poseur. That explains the absurd content of his posts.
I think his screen name reflects the working percentage of his brain.

 

[RKMBrown]

Does paying your children to do chores make your family richer, or increase the family income?

Depends on what chores you assign them doesn't it? I assigned my kids the chore of ebaying useless junk. I assigned my kids the chore of getting straight As and great SAT scores so they would more easily become income producers. I assigned my kids the chore of improving the value of the houses I sold in 2009.