That’s an interesting question. Maybe the money was only on paper to begin with. There’s a lot of extra currency that doesn’t really exist due to bank leverage. But you’re right, a lot of the money did go somewhere, it didn’t all evaporate. The people who came out ahead where the ones who sold right before the bubble burst.
I’m no economist, and can’t prove it, of course, but I think most of the “disappeared wealth” was “notional” in the first place. That doesn’t mean it wasn’t real, but like money itself, wealth in nearly any form is “wealth” only insofar as others value it and are willing to trade other forms of “wealth” (or service) for it at a relatively predictable level.
You seem to be missing why one creates a job… It is NOT for compassionate reasons… It is MARKET based… you first have to have demand for a product. then as it pertains to a certain task: you dont know how to do it, dont have time to do it, or dont want to do it. These are the reasons one creates a job. The problem with the economy is not the taxes totally. its the out of controll spending and all of the rediculous regulations that the government put on business owners. If I wanted to hire a person to make widgets and paid them a salary of $50,000 it will actually cost me $63,000 to hire and employ this person due to regualtions and depending on if I am a union corp then the costs could sky-rocket! Yes corporate taxes should be ZERO because they don’t pay taxes in the first place. We pay those taxes as consumers because that cost is passed on to us. We have 1 of the Highest corporate tax rates in the world lowering this to even 15% would bring business back to the country that left because taxes and regulations. Plus OBAMACARE MUST BE REPEALED for the future health of the company. Just google obamacare flow chart and imagine the nightmare that will persist for this peice of… :legistation" the government MUST STOP SPENDING NOW!!!
You’re not suggesting we let people die are you? You can’t shop around for the best prices because you have to go where the insurance company says–and the doctor is compensated by procedure or visit at a rate negotiated/determined by the insurance company. The doctor doesn’t compete for your business by offering discounts and touting his record.(I’m not discussing emergency care).
Yes it is a simple overview. And not an accurate picture in my experience. You are one of the rare ones. Most people I see: do not tithe to their Church and indeed give very little to charity–unless you count the value of their Goodwill contributions which are usually inflated in value, they are usually looking for a way to preserve mom & dad’s money for themselves at the expense of their sibblings and their parents who they try to get on medicaid and into the cheapest nursing home around, and the lawn person isn’t usually a local kid but an illegal who they pay less than they would have had to pay the neighbor kid–who can’t find a job mowing lawns. Their ill and aging relatives and those who lost their job need medicare and food stamps because they are more concerned with their fancy car and twice a year vacations to exotic places than they are in helping their less fortunate relatives. That’s why Boss Hogg raised your taxes. If we were all doing are part there would be no need for any assistance programs–but it seems rather obvious that we are not doing our part.
How quickly we forget the Carter years or how whenever we started to recover during the 30’s FDR changed policy and drug us back down. And you can blame Johnson for the healthcare debacle–thats when how we compensate doctors changed. There is enough blame to go around for both parties.Trickle down economics did nopt work for Regan, Bush I or Bush II. Look at the numbers. These administrations were the absolute most unsuccessful administrations ever in the history of the USA at balancing the budget. Regan was the worst nobody close until Bush #1 took the record. Bush #2 shattered the record with his tax cuts for the wealthy that kept no American jobs in the USA and created the largest deficit the country has EVER known do you get thet EVER. We are still feeling the pain from the mockery his administration made of our economy. While everyone blames Obama, Bush created TARP and it was his administration’s Federal Trade Comission and such organizations that allowed Wall Street to absolutly empty out the Federal Government’s and the American perople’s pockets with illegal and immoral banking practices with complete impunity. There is no place in there where the democrats had a hand in ANY of that. It was ALL the republicans and trickle down economics that trickled everybody’s money right into the hands of the banks and the barrons that are in bed with certain people (I’m not even going to get into the NWO stuff).
I’m sorry but it was the Republicans that were behind the economic policy that sent us into a recession that is really a depression. Remember? Oh no can’t remember that. Trickle down economics works so well that with 8 years of it, our entire economy almost collapsed! Does anybody remember this happening. Am I just imagining this? How do you overlook that? When you save rich people money they do not create American jobs, THEY KEEP THE MONEY. It makes them interest in a bank account or somewhere else in their portfolio. They DO NOT “invest in America” It doesn’t matter if it’s a Japanese company, a Russian, Saudi, as long as it’s making $$$ they put $$ in it! You think they take the money they make and set it aside to specifically invest in American companies? If you believe that I got a bridge I want to sell you too.
Am I lying? I certanly don’t believe I am. I don’t get how you guys can just sweep the near collpse of our economy with Bush under the rug and point the finger at democrats for not knowing how to balance a budget when Clinton DID IT. He balanced it! Refute that while telling nothing but the truth and I’ll shut up.
I wasn’t alive during those times (well barely during Carter)… maybe you could describe the less talked-about points.
Maybe. I know that my insurance keeps costs down by negotiating on my (actually their) behalf with health care providers ahead of time. On the other hand, I used to go to a practice that seemed to try to set you up on a revolving door, wasting my time and everyone’s money. I finally wised up and found a new practice after the office tried to get me to go in for a follow-up when the doctor had specifically told me I didn’t need to.
Of course, what put the costs that high to begin with?
If you are physically capable of leaving, they cannot stop you.
Would you please detail out the costs that got you from $50,000 to $63,000–for your widget maker. In Oregon, in addition to the salary, it would cost:
I would suggest you review the history of industrial accidents in this county, labor conditions in the early 20th century, industrial polution, employers knowingly exposing their employees and surrounding communities to toxic waiste and dangerous conditions and then tell me how ridiculous these regulations are. I suggest you contact the widows and parents of the recently killed miners and ask them how ridiculous those unfollowed regulations were that were put on the poor mine owners. If business owners did the right thing we wouldn’t need these regulations–most regulation is brought about because business owners don’t do the right thing–they subject their workers to unsafe working conditions–using substandard scaffold bolts, lock them into factories, disable coal dust detection monitors, etc.–and bring the regulation on themselves. Additionally they knowingly sell unsafe products weighing profits against the legal and settlement costs of being sued. Again bringing the regulation on themselves.
Well, how would you rearrange the list.