Economics v 2010

reefraff

Active Member
I thought this was profound.
It's a slow day in a little East Texas town. The sun is beating down, and the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on credit.....
On this particular day a rich tourist from back east is driving through town. He stops at the motel and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night. As soon as the man walks upstairs, the owner grabs the bill and runs next door to pay his debt the butcher.
The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.
The pig farmer takes the $100 and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmer's Co-op takes the $100 and runs to pay his debt to the local hooker, who has also been facing hard times and has had to offer her "services" on credit.
The hooker rushes to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the $100 back on the counter so the rich traveler will not suspect anything.
At that moment the traveler comes down the stairs, picks up the $100 bill, states that the rooms are not satisfactory, pockets the money and leaves town.
No one produced anything. No one earned anything.
However, the whole town is now out of debt and now looks to the future with a lot more optimism.
 

stdreb27

Active Member
Originally Posted by reefraff
http:///forum/post/3240343
I thought this was profound.
It's a slow day in a little East Texas town. The sun is beating down, and the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on credit.....
On this particular day a rich tourist from back east is driving through town. He stops at the motel and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night. As soon as the man walks upstairs, the owner grabs the bill and runs next door to pay his debt the butcher.
The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.
The pig farmer takes the $100 and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmer's Co-op takes the $100 and runs to pay his debt to the local hooker, who has also been facing hard times and has had to offer her "services" on credit.
The hooker rushes to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the $100 back on the counter so the rich traveler will not suspect anything.
At that moment the traveler comes down the stairs, picks up the $100 bill, states that the rooms are not satisfactory, pockets the money and leaves town.
No one produced anything. No one earned anything.
However, the whole town is now out of debt and now looks to the future with a lot more optimism.
What is that 100 dollars worth anyways? Just represents faith...
 

bionicarm

Active Member
Originally Posted by reefraff
http:///forum/post/3240343
I thought this was profound.
It's a slow day in a little East Texas town. The sun is beating down, and the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on credit.....
On this particular day a rich tourist from back east is driving through town. He stops at the motel and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night. As soon as the man walks upstairs, the owner grabs the bill and runs next door to pay his debt the butcher.
The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.
The pig farmer takes the $100 and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmer's Co-op takes the $100 and runs to pay his debt to the local hooker, who has also been facing hard times and has had to offer her "services" on credit.
The hooker rushes to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the $100 back on the counter so the rich traveler will not suspect anything.
At that moment the traveler comes down the stairs, picks up the $100 bill, states that the rooms are not satisfactory, pockets the money and leaves town.
No one produced anything. No one earned anything.
However, the whole town is now out of debt and now looks to the future with a lot more optimism.
That's a great concept if the only debt everyone in the town has is $100. You'd get the same result with a barter system.
 

reefraff

Active Member
Originally Posted by bionicarm
http:///forum/post/3240369
That's a great concept if the only debt everyone in the town has is $100. You'd get the same result with a barter system.
For all practical purposes our currency is a barter system already.
 

reefraff

Active Member
Originally Posted by sickboy
http:///forum/post/3241095
How so? Seems that numbers provide more insight than theory...
All I had to see was Linda Smith, I mean Sanchez on their board of directors along with a whole lot of union thugs to convince me.
 

sickboy

Active Member
Originally Posted by reefraff
http:///forum/post/3241182
All I had to see was Linda Smith, I mean Sanchez on their board of directors along with a whole lot of union thugs to convince me.
So the IRS info must be wrong since you don't like the people? Sounds like a pretty lame excuse to reject the numbers. Lets see if I can find it from somewhere else.
 

sickboy

Active Member
Well, I have no idea on how to link the IRS's excel sheets to here, but you can easily find the lower income stuff, such as the entire bottom 50% of the income brackets only account for 12.26% of the total income of the country.
Also, a link for the info on the top 400 is on that blog post.
 

stdreb27

Active Member
Originally Posted by sickboy
http:///forum/post/3241095
How so? Seems that numbers provide more insight than theory...
Not necessarily from the one you linked to, but there were a whole bunch of different links, very reminiscent of the infamous and proved false hockey sick graph... Basically, their data sucks, and so do their conclusions.
In reading around on the site, all they would seem to do is pull one quazi related stat, then reach a very loosely related conclusion. The worse was this one.
http://www.epi.org/economic_snapshot...rs_at_all_lev/
There is no way you can reach their conclusion of their title with the data provided....
 

reefraff

Active Member
And anyone who believes immigration boost income of US workers, I have a map to the fountain of youth, lost Dutchmen mine and Jimmy Hoffa's grave I'd like to sell you
 

fishtaco

Active Member
Originally Posted by reefraff
http:///forum/post/3241440
And anyone who believes immigration boost income of US workers, I have a map to the fountain of youth, lost Dutchmen mine and Jimmy Hoffa's grave I'd like to sell you
Your right of course, but in the same thread you are defending the wealthy, some of which are paying those higher taxes as a result of money made with the hiring practices you seem to oppose. Just trying to keep you honest

Fishtaco
 

stdreb27

Active Member
Originally Posted by Fishtaco
http:///forum/post/3241455
Your right of course, but in the same thread you are defending the wealthy, some of which are paying those higher taxes as a result of money made with the hiring practices you seem to oppose. Just trying to keep you honest

Fishtaco
IMO the right wingers abandon their core belief system when they start their anti-immigration rants, when not based off of national security...
BUT I'm not meaning to bring immigration to the point of the argument, but simply the conclusions they claim they can reach using the data they've presented. And going on to read the we've taxed the "rich" that much before why not tax them again argument. Is another argument showing their true colors.
Which in and of itself I have no problem with a buncha liberals (which they are) trying to make their case. But at LEAST do a good job about it... And be honest about what you're doing... Even if you don't agree with them, at least the Heritage Foundation does a decent job when making their case for whatever it is they are advocating...
 

uneverno

Active Member
Originally Posted by stdreb27
http:///forum/post/3240344
What is that 100 dollars worth anyways? Just represents faith...
Uhhhhhhhhmmmmphphphphph....
Have you and I not had this argument before? Except you were arguing the reverse of that illusory coin, whereas I argued precisely the obverse which you're promulgating now...
Monetary value is an agreement, not a reality. Fractional Reserve Banking is a shell game based on that agreement. At some point or another the general population will discover that the pea has disappeared...
 

stdreb27

Active Member
Originally Posted by uneverno
http:///forum/post/3241469
Uhhhhhhhh....
Have you and I not had this argument before? Except you were arguing the obverse of the illusory coin...
I'm not going to argue that it isn't a fiat system. I might argue that faith has value... That could be a fun paper...
Oh that reminds me, I'll go see if I can't still log into my old schools library system and find some articles about Brazil...
 

sickboy

Active Member
Originally Posted by stdreb27
http:///forum/post/3241327
Not necessarily from the one you linked to, but there were a whole bunch of different links, very reminiscent of the infamous and proved false hockey sick graph... Basically, their data sucks, and so do their conclusions.
In reading around on the site, all they would seem to do is pull one quazi related stat, then reach a very loosely related conclusion. The worse was this one.
http://www.epi.org/economic_snapshot...rs_at_all_lev/
There is no way you can reach their conclusion of their title with the data provided....
I can't argue with that example
 

reefraff

Active Member
Originally Posted by Fishtaco
http:///forum/post/3241455
Your right of course, but in the same thread you are defending the wealthy, some of which are paying those higher taxes as a result of money made with the hiring practices you seem to oppose. Just trying to keep you honest

Fishtaco
Not very many of them but you do have a point.
 

reefraff

Active Member
Originally Posted by stdreb27
http:///forum/post/3241464
IMO the right wingers abandon their core belief system when they start their anti-immigration rants, when not based off of national security...
BUT I'm not meaning to bring immigration to the point of the argument, but simply the conclusions they claim they can reach using the data they've presented. And going on to read the we've taxed the "rich" that much before why not tax them again argument. Is another argument showing their true colors.
Which in and of itself I have no problem with a buncha liberals (which they are) trying to make their case. But at LEAST do a good job about it... And be honest about what you're doing... Even if you don't agree with them, at least the Heritage Foundation does a decent job when making their case for whatever it is they are advocating...
There is a huge difference between opposing immigration and illegal immigration. There are a few crack pots that think any immigration is bad but that isn't what I have seen to be a mainstream conservative view.
 
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