MarvinisaLunatic

Did you miss the "Our economy is now 70% consumer spending" part? Basically that means that people spending money is what has driven the economy for the last 10 years at least. People saving 3% of their disposable income instead of spending it will have a huge effect on the economy and the impact gets worse the more people save, which is inevitable given the state of the economy.

Yeah, sure. Was the post which debunked your bullshit numbers within a few posts, or was it a few pages afterwards? When I'm looking for it, I want to make sure I don't waste any more time explaining why a Regressive Tax doesn't help the poor. So if they spent every dime they earned, are they just going to keep working until they're 80, or are they allowed to save at some time in the future? I don't think with all the "MASSIVE SAVINGS~!" that there's going to be much in the budget for a Social Security, so spending every dime you have doesn't exactly sound... feasible. I have some good news and bad news! The good is that facing bad economic times, Americans finally started saving their money last month as the Personal Savings Rate for Americans reached a recent high of 3% (of disposable income) after hovering around 0%. Problem with that is that if people aren't spending money, the Economy is hurt because its 70% consumer spending driven, so essentially people saving their money instead of spending it is wrecking the economy. This is the main principle behind the dumb stimulus checks, in that if you're given $600, you'll probably spend it (well, most people will..) which kept the Economy chugging along through the summer. Now we need another one because people are suddenly thrifty with their money and the government needs them to spend more to keep the economy going.

I had a post back in January that debunked that but Im too lazy to go look for it. It worked out to like $3,000 dollars extra for a family of 4 making $60k a year that spent every dime they earned. Obviously the more money people saved under a fair tax, the more money they would save tax wise as well.

He's not saying that. He's saying that comparatively, your average bum may or may not make as much as someone in a third world country. Seeing as that there are a shitload of people who live on a few dollars a day, and that homeless assholes can make upwards of $20 a day, this is true in some cases. But he said that the average American homeless person was relatively rich on an international level in the context of saying "we need to define what rich is." Taking this idea further, marvin would probably suggest that all Americans are relatively rich and that therefore, contra Teddy Roosevelt, we don't need progressive income taxation. We already know he supports the crackpot "Fairtax" national sales tax plan. My point would be Americans don't gauge their wealth by comparing themselves to African slum dwellers, and any economic plan that tried to do this would be asinine. So while you're technically correct, pbonester, the point that our fair-skinned friend was making was very different. edit: Nightwing beat me to the punch. I dont see how using the Fair Tax over the Income Tax is crackpot. The Economy is 70% consumer spending, why not at least use that to some sort of advantage by putting a tax on spending and not income? At worst we turn everyone into save-a-holics and reverse the economy's dependence on Consumer Spending, which would be done by eliminating corporate taxes which would get manufacturing companies incentive to bring their jobs back to the United States. U.S. goods are suddenly more competitive in price vs foreign goods and it would breed a good economy thats not based on the majority of people being drowned to death by debt to keep it barely floating above the surface.

Suspended til tomorrow according to MNF.

I had to cheat to do the Cupboard game thing..

Fail. So he makes $2 a month (who knows?). A Bum in the US makes more than that. The only country that benefits from Trickle Up economics is China. Noted economist marvin, ladies & gentleman. He & Stephen Joseph will be signing books after the show. Also, fail. And my point on any increased disposable income for lower class people stands. 99% of what they buy at the Wal Mart is made in China or some other place besides the USA. So they're going to have all this disposable income to spend, but more than likely not on American Goods.

I wonder if Shawn was supposed to hit the lights?

flacco had almost 12 points!

Do they really need to drag DX out again?

The only country that benefits from Trickle Up economics is China.

Nice Tag match for next week.

Blueberry > Peach > Cherry > Apple

I think we need a definition of "rich". Compared to the rest of the world, even the bum on the street panhandling for change is rich. Hell, that bum probably makes more money in a day than Obama's brother in Africa makes in a year.

$1.99 in NJ at a mom and pop station according to my GF.

Hoping the Giants can steal this one from the Steelers to get the Ravens back to one game back of Pittsburgh

Its one of those weird scenarios where Im both pissed off and laughing at the same time.

Flacco does it all! Run, pass and catch. He was about 10 yards short on his catch of having a rushing td, passing td and receiving td.

The Raiders finally realized they could gain more yards throwing the ball deep vs the Ravens crappy Corners than trying to run the ball..

Troy Smith to Joe Flacco for 43 yards and almost a TD!

ugh.. the Ravens have the "Wild Bird" offense with Troy smith coming in and flacco lining up as a WR.

Donnie Avery just burned NE for a 70 yard TD for the Rams..lol

WHAT THE HELL? Couldnt they do the London Pregame 15 minutes earlier or something?

This is going to be one hell of an ugly game (Raiders/Ravens).

The best part is the 49ers can just promote Mike Singletary to be the Head Coach and because he's black they don't have to interview anyone else. They should have to interview a Japanese guy or something.