Anthony,
> > Not sure what your point is, but savings are not equal to investments,
>
> English here please. I can't translate Texas.
> I did not say, "also known as investments." I said in addition to
> savings there are "also investments" A+B, not A=B.
OK, but without a savings surplus there is nothing to invest.
> > unless you mean investments in the family itself. Â Enough savings make
>
> Investments in equipment.
For a family?
> > outside investments possible, which is why the stock market and free
> > enterprise are not possible without wealth. Â Ironically the only
> > economically successful socialist models were designed to protect the
> > established core wealth of Italy and Germany. Â Those economies prospered
> > for a while. Â The Soviet model destroyed the core wealth of Russia and was
> > an unmitigated disaster.
>
> That was the goal, to make everyone poor.
It worked. The Russian version of socialism was very efficient at
making everyone poor. Otherwise the word "efficient" fell out of use
after the Soviets took over.
> > Greece, Rome, et al, used various slave economies for years but those
>
> And you don't think overreaching and losing wars had anything to do with
> that?
>
Sure it did, but those influences put strain on a system that exposed
the weakness. The hidden cost of slavery became unsustainable to all
these cultures.
> > I get the feeling you are not well read in on this subject. Â Did you flunk
> > both history and poly-sci the same semester?
>
> Typical rightwing attack. At least I went to college.
Did you actually go to class or were you spending all your time in
protests and demonstrations?
> > Fascists are Socialists. Â Italy and Germany were the only successful
> > economic models of socialism. Â The Russian model was an economic disaster.
>
> You misuse the terms.
What part of "National Socialist German Workers' Party" do you not
understand?
> > All three models allowed criminal behavior by the parties and leaders in
> > power because "the end justifies the means", the underlying concept of all
> > socialist theories.
>
> Oh, please tell everyone that monarchies didn't do the same thing.
Some did, some didn't. In retrospect the Tsar and Kaiser were never
as bad as the Communist Party or Nazis.
> It is not Obama making the exceptions for the trillionaires. It is the
> Fascist Tea Party, bankrolled by the John Birch Society.
Wrong. President Obama gave permission for Pelosi to exempt 20+
California corporations from Obamacare. They convinced Pelosi these
local corporations couldn't afford it and still continue paying high
California income and property taxes too. They also made huge
donations to the incumbent in the past election to show appreciation
for these huge cost saving exemptions. Medium and small business need
not apply.
The Tea Party is obviously a classic all-American grassroots
movement. If they preferred Obama you would be singing their praises
and extolling their virtues.
> > Higher taxes means lower discretionary income for consumers, less capital
> > expenditures for businesses, and fewer bonuses for employees. Â Does that
> > sound like a healthy economy to you?
>
> Your theory is looney tunes and what caused the slump and massive deficits.
Which part is looney tunes? Higher taxes don't lower discretionary
income?!! We were taught that in basic Economics 101. Higher taxes
dampen inflation by causing a reduction in spending by siphoning off
available cash from families and companies. Higher taxes and interest
rates are a double whammy to put the brakes on the US economy.
Higher taxes shrink the bottom line for a business and/or cause higher
prices, slowing down the growth of any company large or small. Slower
growth and declining profits, a trend causing companies to postpone
capital acquisitions or worse, lay off workers. Even with the lowest
interest rates of all time the prospect of much higher taxes has
created such a negative impact on the business sector that even zero
interest rates have negligible effect. Add to this higher gas prices
and negatives are piling up on a struggling US economy.
Fewer bonuses cause employees to postpone buying decisions for new
furniture, new car, extra car, taking a vacation, remodel a room,
build a patio or deck, backyard swimming pool, etc. All these
decisions collectively are a downer for the private sector of the US
economy.