economic boom in 2003

[2bfabian]

In what way. Was it not the common man on the street who broke his back for the industry he worked at now entitled to relief of his labor that made all that money to start with,and I would agree if when your referring to vices you are talking about beach houses yachts and things things that were able to be purchased because of the man on the street. How is it so easy to dismiss where the wealth was originated from to start with. When one fails to factor in the man making the wealth its not long there is none. Even a mule gets enough to eat. Fail to take care of the mule and it wont be long you'll be plowing your on fields

 

[6thGen]

the 9/11 attacks on the World Trade Center and the Pentagon. Terrorism causes prosperity? How?s that for an economic theory?

Terrible.

Could one conclude from the supply sided theory that this goes agaisnt it belief of smaller government.

No. When you take away money from the government, you force it to either operate on a smaller budget or borrow money to continue to operate on a larger budget. Both eventually shrink the size of the government.

 

[6thGen]

In what way. Was it not the common man on the street who broke his back for the industry he worked for now entitled to relief of his labor that made all that money to start with

The man on the street was paid the market value of his labor. Since it's a whole lot harder to find a good CEO than it is a mailroom attendant, they are paid a lot more. Here, since you editied, I'll add this, from someone other than myself.

"It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nobody but a beggar chuses to depend chiefly upon the benevolence of his fellow-citizens. Even a beggar does not depend upon it entirely. The charity of well-disposed people, indeed, supplies him with whole fund of his subsistence. But though this principle ultimately provides him with all the necessaries of life which he has occasion for, it neither does nor can provide him with them as he has occasion for them."

 

[2bfabian]

There is where our roads seperate it is because my belief that as humans we are set on by greed and in no way can you compare the labor of those in the field with the man sitting back and getting fat. History shows us that we are prone to be selfish and want as much as we can get.How can you say right now those mexicans building pcb are getting fair wages when they have to sleep 8 to a room. and don't tell me americans wont do those jobs they just can't afford to live on 1200 a month. Do you look at the contractor and say hey I hope you are paying those men a fair market wage. No, you say I need more tax breaks so I can by my that 10th house.

 

[2bfabian]

Very well said. I definitely will read that Quite a few times. I found it to be very insightful.I had never look at it in that way

 

[6thGen]

There is where our roads seperate it is because my belief that as humans we are set on by greed and in no way can you compare the labor of those in the field with the man sitting back and getting fat. History shows us that we are prone to be selfish and want as much as we can get.How can you say right now those mexicans building pcb are getting fair wages when they have to sleep 8 to a room. and don't tell me americans wont do those jobs they just can't afford to live on 1200 a month. Do you look at the contractor and say hey I hope you are paying those men a fair market wage. No, you say I need more tax breaks so I can by my that 10th house.

Is anyone holding a gun to their head, forcing them to work? Or are they choosing to earn what they are being paid, because there are no better alternatives? (this is where the argument against ?sweat shops? becomes fallacy, by the way) And are there no better alternatives because the laborers were denied entry to colleges, universities, trade schools, etc. based on something other than merit? Milton Friedman, who I quote often said ?The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.?

 

[2bfabian]

So you would concede that greed is an enemy to the rich man as well as to the poor. Having said that would you argue that mechanisms should be put into place to some how limit greed from the rich through taxation.Isn't that what is realy being done.

 

[6thGen]

So you would concede that greed is an enemy to the rich man as well as to the poor.

Yes.

Having said that would you argue that mechanisms should be put into place to some how limit greed from the rich through taxation.

Hell no.

 

[2bfabian]

I wish I knew a better way, but I just can't find one.

 

[2bfabian]

Don't think that I've given up on my argument I am just thinking how to phrase my thoughts to see if your argument can stand up.I Will definitely do a little research on Friedman I think you said his name was and see how he stands on supply sided tax cuts in a time of war.and trust me I Will check on that supply demand cure.