Home |
Search |
Today's Posts |
|
Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
Reply |
|
LinkBack | Thread Tools | Display Modes |
#1
Posted to rec.crafts.metalworking
|
|||
|
|||
#OT# Recession is over!!!
|
#2
Posted to rec.crafts.metalworking
|
|||
|
|||
#OT# Recession is over!!!
On Apr 6, 6:41*pm, Hawke wrote:
That's nice but it doesn't mean anything because the actual amount of money spent by philanthropists to do good is a pittance compared to what the government does. I'm all for people that have made lots of money using it to do some good. But I know the facts. Which happen to be that as a group the wealthy are cheapskates when it comes to giving to the needy. That is why the government has to do it. The amount given by the rich just ain't all that much. That's not my belief. That's what the facts say. Just like the facts say the U.S. government only gives about 1% of GNP in foreign aid. Everyone thinks we're so generous but as a percentage of what we have we're far behind other countries. Hawke But your " Facts " are wrong. The money spent by philanthropists does much more good per dollar than the government aid does. Bill Gates has done more to reduce malaria in a few years than the U.S. Government has done is the last 100 years. Dan |
#3
Posted to rec.crafts.metalworking
|
|||
|
|||
#OT# Recession is over!!!
|
#4
Posted to rec.crafts.metalworking
|
|||
|
|||
#OT# Recession is over!!!
On Apr 9, 12:56*am, Hawke wrote:
The fact is that "charitable" giving by private individuals is only a drop in the bucket compared to what the government has done. Hawke Any cites for the " Fact "? The government has spent lots of money, but you need to look at the actual benefits. Increasing the taxes on high income individuals will not significantly increase the amount of money the government has to spend. Not enough high income individuals. But it will significantly reduce the amount of charity being done. Dan |
#5
Posted to rec.crafts.metalworking
|
|||
|
|||
#OT# Recession is over!!!
On Fri, 9 Apr 2010 09:54:33 -0700 (PDT), "
wrote: snip Increasing the taxes on high income individuals will not significantly increase the amount of money the government has to spend. Not enough high income individuals. snip ========== Several parallel items of interest: (1) Historically, in the U.S. at least, one dollar of additional governmental revenue has resulted in an additional 1.10$ to 1.25$ of additional governmental expenditures, depending on the specific jurisdiction and time period. In no case was any governmental debt reduced, let alone retired. This is not to say that the efforts/programs were "bad," just expensive and funded with "phantom" or "borrowed" money. Thus any attempt to tax our way out of the deficit, even with the imposition of the European style VAT on top of the income tax, is doomed to failure unless Draconian laws with individual criminal and civil penalties are in place and vigorously enforced to prevent additional spending. Even then, this is a very long shot. For example see the "Gann Amendment" in California and how it worked and was quickly subverted when it was determined to be working. http://en.wikipedia.org/wiki/Califor...ition_13_(1978) http://www.cato.org/pub_display.php?pub_id=2871 (2) There are possibly more important socio-cultural reasons for preventing the accumulation of excessive amounts of wealth by a few people, other governmental revenue. For example, excessive wealth concentration is a highly predictive if not causal factor in economic crashes in the United States. Additionally, the people with excessive wealth tend to have a totally different set of social/cultural/ethical values than do the majority middle class. This has been know for at least a century. See Veblem's work _Theory of the Leisure Class_. http://en.wikipedia.org/wiki/Thorstein_Veblen download pdf copy at http://www.archive.org/details/theor...urec00vebliala In and of itself this is not a problem, but the ultra wealthy start to believe "their s**t don't stink," they are exempt from the laws, customs, and mores that the rest of us abide by, and they have been granted a monopoly to rule through divine right, i.e. if god didn't intend for me to rule he wouldn't have made me so rich, and their values, perceptions, etc. are then to be imposed on the majority. REMEMBER -- IF ELECTIONS CHANGED ANYTHING THEY WOULD BE ILLEGAL!!! Unka George (George McDuffee) ............................... The past is a foreign country; they do things differently there. L. P. Hartley (1895-1972), British author. The Go-Between, Prologue (1953). |
#6
Posted to rec.crafts.metalworking
|
|||
|
|||
#OT# Recession is over!!!
|
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
#OT# Recession is over!!! | Metalworking | |||
USA out of recession? | Metalworking | |||
One benefit of the building recession | UK diy | |||
The Recession Blues! | Electronics Repair | |||
If this is a recession, what's in your wallet? (long & wrong) | Woodturning |