tag:blogger.com,1999:blog-8270906704031641534.post3303038798529431449..comments2023-09-10T08:14:36.455-07:00Comments on The Animal Spirits Page: How do banana republics get reformed?Anonymoushttp://www.blogger.com/profile/06852145145315416007noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8270906704031641534.post-78456352120928063292010-08-16T06:35:28.880-07:002010-08-16T06:35:28.880-07:00Casual -
The problem is that the ruling elite are...Casual -<br /><br />The problem is that the ruling elite are exploiting everyone else through ridiculous executive compensation in corporations, manipulation of the tax system to their advantage, rigged financial markets, and "privatization of gains, socialization of losses" on Wall Street. <br /><br />The ruling elite will strangle the economy, which depends on a vibrant middle class, but they will be better off (they think) for a generation or two.<br /><br />It will be the challenge of the next couple of generations to undo the concentration of income, wealth and opportunity that America has wrought in the past couple of generations.Anonymoushttps://www.blogger.com/profile/06852145145315416007noreply@blogger.comtag:blogger.com,1999:blog-8270906704031641534.post-49687820756333163582010-08-15T22:33:09.163-07:002010-08-15T22:33:09.163-07:00I think the use of dollar amounts to determine the...I think the use of dollar amounts to determine the size of the benefit/cost is less appropriate than if measured on a percentage basis. The tax cut for the rich (10% at $1m?) would only be 20x larger instead of seeming 2,000x larger. <br /><br />You can still argue if people with larger pools of money generate a better multiplier effect. <br /><br />Would you be OK if all individuals equally paid 10% (some fixed amount) of their income (wages, interest, dividends)?Casual Businessmanhttps://www.blogger.com/profile/04835152960154041417noreply@blogger.com