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Feb 12 - Former Goldman Sachs CEO rips Sanders after NH win: 'He'll ruin our economy'


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 2 months ago '17        #151
AllWins 
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 qutaboi225 said
You've created a strawmans argument. I dont know who even stated socialism works. Theres isn't any pure economic state that works. There isn't a pure communist, capitalist, or socialist govt that "works". My question to you is, why is it always that you guys a*sociate progressive ideas with socialism? There isn't a single candidate in the history of this country to suggest or advocate a full socialist economy. If they name ONE socialist program you guys turn the entire platform and US govt to socialism in your brain. And to be fair, you cant name a socialist economy that works because corruption destroys the country before its even tested. But we KNOW capitalism doesnt work
Ok thanks for answering. The comment I responded to was someone saying that, so I asked for an example. Thanks for being honest about the corruption.

All that ďyou guysĒ talk is non-sense. Iím not here for that.

 2 months ago '07        #152
GrezyNclean  topics gone triple plat - Number 1 spot x2
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 yolaboy said
this is not true

you're pushing an agenda using a false narrative
What? I literally gave you examples of when this happens. Give me examples when it did not happen.

 2 months ago '04        #153
bibbyboi 
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Bernie not playing this time.
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 2 months ago '05        #154
Stupendamatic 
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 Sin said
The federal tax money should only go towards improving citizens lives in the way of infrastructure spending, education, health care and public safety which it does

But those Corporate jobs employ millions making them self sufficient and not reliant on government
Self-sufficient? Lmao Wal-Mart is the biggest employer in the US and doesn’t pay its workers a living wage so they end up on government a*sistance programs which costs tax payers billions of dollars every year.

fu*k corporate profits.
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 2 months ago '06        #155
simplyAmazin 
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Those tax rates on his website are scary

 2 months ago '16        #156
Proveone  topics gone triple plat - Number 1 spot x1
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 Sin said
The federal tax money should only go towards improving citizens lives in the way of infrastructure spending, education, health care and public safety which it does

But those Corporate jobs employ millions making them self sufficient and not reliant on government
TARP
S&L
Auto bail out
EES act



+1   

 2 months ago '16        #157
Proveone  topics gone triple plat - Number 1 spot x1
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 bibbyboi said


Bernie not playing this time.



 2 months ago '17        #158
punchlineking 
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Oh no...

We have to stop Bernie..

He is trying to give out healthcare and free education.

He is trying make make Billionaire companies pay there taxes and get homeless people to work.

So scary.

Let's all keep trump in power because he sure has proven he is not a racist fascist dictator
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 2 months ago '06        #159
Kingme 
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 GrezyNclean said
Don't really understand your McDonald's analogy as it's not that simple, but I'll answer the last paragraph. You are correct if students with loans are given a break then yes they are willing to throw more money into the economy.

THIS WILL DO NOTHING FOR THE ECONOMY AS A WHOLE

"The most recent IRS data, from 2016, shows that the top 10 percent of income earners pay almost 70 percent of federal income taxes." -

Sure giving people an extra $2,400 is nice but when you're looking at people that are removing BILLIONS from the economy, it doesn't equate. If you increase their taxes, that's great for the government, but it doesn't equal a benefit for the economy. If tomorrow Healthcare is free for everyone at the cost of the top 20% for example, the economy doesn't grow, it removes those dollars that would have been spent in other places.

In addition the rich will look to protect their money from the higher taxes thus meaning they invest more in things like real estate and stock market which is BAD for the economy.

I've been neutral in regards to this and I'm surprised Bernie supports are against me as before in these threads you guys have had my back that the majority of the gains in this economy has gone to the rich. If the rich feel they will have some of it taken away they will pull back heavily which will skew the economy.

My argument is that I think the economy will drop from this. I think we're in a fake growing economy anyway and it needs to be reset so that this wealth gap shrinks, so I'm not against a Bernie administration. Just realize it comes at a cost to the economy.
The McDonald's analogy is Econ 101 fam...no joke...1st chapter sh*t.


The wealthy have already "pulled back heavy" which is why you see a wealth gap. And one thing is certain the wealthy/1% are not going to throw all of their future income away because of a wealth tax and if they do...small business will step up and SUPPLY the DEMAND.


Here's a really short video from a guy who holds degrees from Harvard, Yale, and Stanford.





Trickle down economics comes at a cost to the economy...see the recessions after Reagan did it and Bush did it. Trumps aggressive trickle down is crazier than anything Bernie has ever said yet here we are.
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 2 months ago '17        #160
SVI 
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The Deep State bout to get behind bootyguy. Sounds strange I know

 2 months ago '17        #161
QdobaCasanova 
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n*gga shut up

 2 months ago '07        #162
Bighempin of QM 
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Bro 400 people have more wealth than the entire world the economy has already been ruined!
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 2 months ago '18        #163
Sick Flair 
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For real though, fu*k Bernie!!!
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 2 months ago '07        #164
GrezyNclean  topics gone triple plat - Number 1 spot x2
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 Kingme said
The McDonald's analogy is Econ 101 fam...no joke...1st chapter sh*t.


The wealthy have already "pulled back heavy" which is why you see a wealth gap. And one thing is certain the wealthy/1% are not going to throw all of their future income away because of a wealth tax and if they do...small business will step up and SUPPLY the DEMAND.


Here's a really short video from a guy who holds degrees from Harvard, Yale, and Stanford.





Trickle down economics comes at a cost to the economy...see the recessions after Reagan did it and Bush did it. Trumps aggressive trickle down is crazier than anything Bernie has ever said yet here we are.
I think you're not understanding what I am saying. I agree with everything you just posted (even the videos). Yes small business will step up, yes students will get more money due to loan forgiveness and what not. Yes we need higher wages and our current unemployment (how we calculate it) is Bullsh*t.

What I'm saying is that the taxes are going to eliminate billions within the economy which will drop the growth rate. Is it fair, HELL NO. Could rich people get taxed more and still spend what they have left over and still be rich. HELL YES.

You can't replace the billions that will be lost, it's not possible. And with the rich making up the majority of our growth now, it will drop. We know small business can't account for it (I actually do small business research for a living so I know FOR A FACT that ain't happening) and neither can the average consumer.

The Bush recession wasn't due to trickle down economics having a negative effect (I don't believe in trickle down economics to be fair, I think that's a bunch of bullsh*t), it was due to regulation being eliminated and thus risky a*sets being created. The things Wall Street was getting away with shoulda been illegal. Not familar with after Reagan so I'm not going to touch it.

 2 months ago '06        #165
mikejg823 
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System is wrong and corrupt, time to fix it.

 2 months ago '06        #166
Kingme 
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 GrezyNclean said
I think you're not understanding what I am saying. I agree with everything you just posted (even the videos). Yes small business will step up, yes students will get more money due to loan forgiveness and what not. Yes we need higher wages and our current unemployment (how we calculate it) is Bullsh*t.

What I'm saying is that the taxes are going to eliminate billions within the economy which will drop the growth rate. Is it fair, HELL NO. Could rich people get taxed more and still spend what they have left over and still be rich. HELL YES.

You can't replace the billions that will be lost, it's not possible. And with the rich making up the majority of our growth now, it will drop. We know small business can't account for it (I actually do small business research for a living so I know FOR A FACT that ain't happening) and neither can the average consumer.

The Bush recession wasn't due to trickle down economics having a negative effect (I don't believe in trickle down economics to be fair, I think that's a bunch of bullsh*t), it was due to regulation being eliminated and thus risky a*sets being created. The things Wall Street was getting away with shoulda been illegal. Not familar with after Reagan so I'm not going to touch it.
Bro, trickle down economics is exactly what Bush did and is exactly what contributed to the last recession. The people are the job creators my friend...you and I participating in capitalism by buying PS4s, iphones, etc. creates a demand that leads to more people being hired at factories and stores to meet the demand.
Giving Billionaires billions in tax money does not create jobs. If no one buys Apple products apple stores and factories close.

Giving tax breaks to billionaires who don't put the money back into the economy and instead stockpile it.... eliminates billions from the economy.

If you stop over taxing the people who will actually spend the money back into the economy...it strengthens the economy.

Small business can absolutely fullfil demand...what do you think happened before Walmart? And fam Walmarts are not closing if they get hit with a wealth tax, so you have nothing to worry about.

 2 months ago '19        #167
GetYaCoinsKing 
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 ChrisPartlowFro said
He isnít wrong though. Bernie is polarizing. Bernie treats capitalism like the boogeyman, the markets wonít like his election, plus if he gets his way heíll constrain lending (maybe unintentionally). Heís gotta chill with the vilification. If youíre going to tax the wealthy, do that, but donít put them on the defensive. It simply isnít smart because you continue to tell everyone what your play is.
The thing that gets me is that he's literally the opposite of what he says:

- Says he's with "the people" lives in the whitest State in the US.
- Says he's against "the rich" is a multimillionaire who takes a jet everywhere
- 40+ years in politics and all he has done was rename a Postal Office

Like how can his supporters not see the type of person this guy is? He's been literally using his history as an activist to pander to Blacks; sh*ts disgusting man.
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 2 months ago '08        #168
Solitary Genius 
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dying at all the idiots in here that think theyre included when he says "our economy"... hes talkin about a SPECIFIC group's economy

 2 months ago '05        #169
Stupendamatic 
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 GetYaCoinsKing said
The thing that gets me is that he's literally the opposite of what he says:

- Says he's with "the people" lives in the whitest State in the US.
- Says he's against "the rich" is a multimillionaire who takes a jet everywhere
- 40+ years in politics and all he has done was rename a Postal Office

Like how can his supporters not see the type of person this guy is? He's been literally using his history as an activist to pander to Blacks; sh*ts disgusting man.
So now you need to be poor and from a state with a high minority population to be for the people?

What type of dumb sh*t is that

 2 months ago '19        #170
GetYaCoinsKing 
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 Stupendamatic said
So now you need to be poor and from a state with a high minority population to be for the people?

What type of dumb sh*t is that
No, It speaks to his disconnection. For fu*ksakes Pete who lived in bum-hole South Bend was actually AMONG the people and i don't even like that f*ggit.

 2 months ago '06        #171
Supa mario 
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This what everyone said about Trump . We have the biggest and greatest economy ever, ever.




 2 months ago '05        #172
Stupendamatic 
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 GetYaCoinsKing said
No, It speaks to his disconnection. For fu*ksakes Pete who lived in bum-hole South Bend was actually AMONG the people and i don't even like that f*ggit.
Thatís a weak a*s reason to dislike Bernie but do you.

 2 months ago '13        #173
NoYouWantFindMe 
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Yep, get that MAGA money while you can, double digit returns in your 401k wont forever!

-1   

 2 months ago '04        #174
qutaboi225  topics gone triple plat - Number 1 spot x7
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 AMG2M4 said
This homo n*gga a full blown retard.

the broke n*gga KNOWS capitalism doesn't work. duh.

Dumbass thinks listening to AOC is "progressive".

I hate you dumb n*ggas.
We're 23 trillion in debt and counting...how's that capitalist working out for you? You feeling that trickle down effect in your trailer park. And lighten that n*gga use up Connor. Your bi*ch a*s already got banned before. And lastly, you fu*k a*s n*ggas wouldn't let n*gga come out your mouth in real life. And we BOTH know who's broke here. I've shown my receipts Austin..
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 2 months ago '07        #175
GrezyNclean  topics gone triple plat - Number 1 spot x2
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 Kingme said
Bro, trickle down economics is exactly what Bush did and is exactly what contributed to the last recession. The people are the job creators my friend...you and I participating in capitalism by buying PS4s, iphones, etc. creates a demand that leads to more people being hired at factories and stores to meet the demand.
Giving Billionaires billions in tax money does not create jobs. If no one buys Apple products apple stores and factories close.

Giving tax breaks to billionaires who don't put the money back into the economy and instead stockpile it.... eliminates billions from the economy.

If you stop over taxing the people who will actually spend the money back into the economy...it strengthens the economy.

Small business can absolutely fullfil demand...what do you think happened before Walmart? And fam Walmarts are not closing if they get hit with a wealth tax, so you have nothing to worry about.
So let me start by saying that when I said trickle down economics is bullsh*t I meant that it doesn't work as well as rich people frame it.

The rich do put money back into the economy when they are given tax breaks. Not as much as they should, but they do. If you give a rich person 20 million and they put in $10 million, thats still more than giving someone $2400. If you take away that $20 million and hit them with an additional tax thats going to decrease the economy.

And I think this is where we keep butting heads. You think consumer spending and small business purchases can make up for large corporations not participating due to a pull back from taxes.

THIS IS NOT TRUE. I've seen the numbers. Bernie will probably decrease the wealth gap but at the cost of the economy.

For example:
Rich person makes $10 billion (spends $4 billion in economy)
Average person makes $50,000 (spends $45,000 in economy)

Bernie taxes rich person to pay for programs like free education and healthcare

Rich person now makes $5 billion (spends $2 billion in economy)
Average person now makes $70,000 (spends $65,000 in economy)

Wealth gap has grown closer but at a loss to our economy. What math are you coming up with that has our economy compensating for this loss in spend. And no theory (it'll happen small business can fulfill the demand) bullsh*t.



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