Deregulation and tax cuts have an effect on economics. A high school economics student can tell you that. It’s astounding the cognitive dissonance you guys go through.

Wow thanks for finding one, lets hope Zarkadon will understand now... Or stick in his denial

of course they do have an effect. you're missing the point though, which is WHAT that effect is: because it's NOT the promised trickling down to the working class, not the creation of new good-paying jobs, and an overall increase in tax revenue - but large scale stock buybacks, predatory employment practices, and a massive hole in the budget.

but hey, who could have predicted that? after it failed the previous 347 times, it was bound to succeed, right?

This post was edited by fender on Mar 10 2020 06:02am

except there are ample stats out there to show aggregate benefits like low unemployment rate, 401k's going up for middle class savers, etc.

A high school economics student might think tax cuts really affect the economy but a college economics student is going to know That tax cuts lead to increased savings rather than increased spending.

A college economics student knows that there are scores called marginal propensity to save and marginal propensity to spend. The people who get increased income from tax cuts have a higher marginal propensity to save. Anybody who has passed an intro level macroeconomics course will know that the argument for tax cuts is a moral argument and not an economic argument. Tax cuts Should only be done when the economy is already doing well because they decrease aggregate expenditure more than just spending the money on goods and services.

I would not have been such a condescending d*** but I'm just matching your energy.




Are conomy is doing great just work at Amazon like everyone else. Amazon whose only using people at this point as a charity Rather than automation. They already have sensors on individuals who work there that track their every move so that they could catch their mistakes in real time. Amazon is really the Pioneer of mass surveillance.

This post was edited by Skinned on Mar 10 2020 06:13am

i have the feeling he's too proud to change his stance - regardless of what reason, experts, and facts say. my 'hope' is that it's just his online ego, and that he's intelligent enough to change his mind in real life.

We are often acting like bad kids here. Thus understanding the very early necessity to contain an epidemic is not immediately understandable for everyone.

Keep denying reality.

The rich benefit, the middle and lower class did as well which is reflected in two things i pointed out and other macro indicators.

Well, how many Italians have been involved in head to head wars (not counting NATO missions where they basically just provide assistance)? I wasn't comparing the deathrates, but the understanding of a society that certain demographics have to be put at risk sometimes.

And before you call other people's analogies stupid, look at your own comparing Italy to China. Have you ever been to China? As much as I love the country and the people there, their hygiene education is light years behind that of Italians. People spit on the streets all the time, markets have their food stored on the floor, etc... one of my favourite anecdotes from there is that in a flight between Gui Lin and Guanzhou I saw an old woman take off her shoes and begin to clip her toenails... letting the bits fling into the aisle... and nobody seemed to care, as if it was standard behavior. Of course, in these situations, extreme measures might be more justified, because you can't rely on the people's self control. But in Italy's case, if the government focused solely on isolating the elderly, then things would be better off, because the country's better hygiene standards would make it all easier to control.

And while you joke about the Chinese government caring about its citizens, you fail to understand that taking care of the elderly is deeply rooted in their culture (unlike in other East Asian countries, where the elderly are seen as burdens and pretty much social parasites). Even during the harshest times of Mao's dictatorship, the elderly were not mistreated... during the famine caused by the Great Leap Forward, people were encouraged to abandon their babies over letting the elderly dies; and even during the Cultural Revolution, where everything Old was demonized, people were still encouraged to take care of senior citizens.