Current Events > are republicans going to prove socialism = bad by not accepting the stimulus?

(+) Yeah! (+)

Or are they gonna buy a tv like everyone else

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hello

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Quick, conservatives, give me your stimulus checks, it'll prove that charity is better than socialism.

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When I fed the poor they called me a Saint, when I asked why are the poor hungry they called me a communist

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They will say they earned it or deserved it somehow. Even Ayn Rand forgot about her supposed principles when she got government money.

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No, but inflation will

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Solid Snake07 posted...

No, but inflation will

Wut? Did the $1200 and $600 cause inflation?
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Webmaster4531 posted...

Wut? Did the $1200 and $600 cause inflation?

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Are you under the impression that inflation occurs over night?

I mean I suppose it can, but then shit is really hitting the fan. Like Argentina bad.

Look I'm not saying Congress shouldn't pass these checks, but you're delusional if you think this is free money. The government is in the business of taking in money, not handing it out. If they don't increase taxes in the years to come to pay for this giant deficit, which they won't, we'll be taxed via inflation. And inflation is maybe the most regressive way possible to tax a population. It's far worse on the lower class who own little, if any assets that will appreciate.

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Inflation is the conservative boogeyman.
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Solid Snake07 posted...

Are you under the impression that inflation occurs over night?

I mean I suppose it can, but then shit is really hitting the fan. Like Argentina bad.

Look I'm not saying Congress shouldn't pass these checks, but you're delusional if you think this is free money. The government is in the business of taking in money, not handing it out. If they don't increase taxes in the years to come to pay for this giant deficit, which they won't, we'll be taxed via inflation. And inflation is maybe the most regressive way possible to tax a population. It's far worse on the lower class who own little, if any assets that will appreciate.

ffs I hope it's taxes lol

Taxes bought my vote. We can't just spend irresponsibly and if the free market doesn't provide what we need I'm ready to give more centralized government a try. It's working for all the other capitalist countries

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*shrug*

I'm just outlining basic modern economic theory for you. Guess we'll see if it's bullshit over the course of the next 5 to 10 years.

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Solid Snake07 posted...

*shrug*

I'm just outlining basic modern economic theory for you. Guess we'll see if it's bullshit over the course of the next 5 to 10 years.

B A S I C E C O N O M I C T H E O R Y

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MutantJohn posted...

B A S I C E C O N O M I C T H E O R Y

You okay?

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Solid Snake07 posted...

You okay?

Yeah, my mind was blown by facts and logic presented to me by this basic economy theory.

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MutantJohn posted...

B A S I C E C O N O M I C T H E O R Y

l i t t l e m o n e y

Solid Snake07 posted...

Are you under the impression that inflation occurs over night?

I mean I suppose it can, but then shit is really hitting the fan. Like Argentina bad.

Look I'm not saying Congress shouldn't pass these checks, but you're delusional if you think this is free money. The government is in the business of taking in money, not handing it out. If they don't increase taxes in the years to come to pay for this giant deficit, which they won't, we'll be taxed via inflation. And inflation is maybe the most regressive way possible to tax a population. It's far worse on the lower class who own little, if any assets that will appreciate.

The $1200 was given out in April 2020 around 10 months ago.

Taxed via inflation?

Inflation is prices going up which would only increase property tax(property values would go up?) and sales tax.
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Webmaster4531 posted...

The $1200 was given out in April 2020 around 10 months ago.

Taxed via inflation?

Inflation is prices going up which would only increase property tax(property values would go up?) and sales tax.

Property and sales tax are state taxes, not federal.

And yes, taxation by inflation is a thing.

https://www.finweb.com/taxes/definition-of-inflation-tax.html

10 months is not long enough to know the real effects of this either. These are things that usually take years to play out, and that's without the fiasco that's covid.

As I said, I'm not saying these checks shouldn't happen. What I'm saying is there's gonna be damage of some kind regardless of what path we choose from here. But you shouldn't just boil down the fiscally conservative viewpoint down to "they just don't care about poor people." There are legitimate potential consequences to be concerned about here even if you disagree with them.

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Solid Snake07 posted...

Property and sales tax are state taxes, not federal.

And yes, taxation by inflation is a thing.

https://www.finweb.com/taxes/definition-of-inflation-tax.html

10 months is not long enough to know the real effects of this either. These are things that usually take years to play out, and that's without the fiasco that's covid.

As I said, I'm not saying these checks shouldn't happen. What I'm saying is there's gonna be damage of some kind regardless of what path we choose from here. But you shouldn't just boil down the fiscally conservative viewpoint down to "they just don't care about poor people." There are legitimate potential consequences to be concerned about here even if you disagree with them.

"Inflation tax is not an actual legal tax paid to a government; instead "inflation tax" refers to the penalty for holding cash at a time of high inflation. When the government prints more money or reduces interest rates, it floods the market with cash, which raises inflation in the long run. If an investor is holding securities, real estate or other assets, the effect of inflation may be negligible. If a person is holding cash, though, this cash is worth less after inflation has risen. The degree of decrease in the value of cash is termed the inflation tax for the way it punishes people who hold assets in cash, which tend to be lower- and middle-class wage earners."

https://www.washingtonpost.com/business/2020/12/07/unemployed-debt-rent-utilities/

"Nearly 12 million renters will owe an average of $5,850 in back rent and utilities by January, Moodys Analytics warns."
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Did you seriously just highlight 7 words and ignore the vast majority of the rest of that? Lol

No it's not a legal tax code, which is not a good thing. It's a roundabout way to "tax" people to fund public programs in a way most people don't even understand.

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Solid Snake07 posted...

Did you seriously just highlight 7 words and ignore the vast majority of the rest of that? Lol

No it's not a legal tax code, which is not a good thing. It's a roundabout way to "tax" people to fund public programs in a way most people don't even understand.

"Nearly 12 million renters will owe an average of $5,850 in back rent and utilities by January, Moodys Analytics warns."
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Webmaster4531 posted...

"Nearly 12 million renters will owe an average of $5,850 in back rent and utilities by January, Moodys Analytics warns."

That sucks, and is a a good advocation argument of these checks. But it doesn't magically make general consensus economic theory irrelevant.

I can acknowledge there are people in desperate need of help right now. You seem incapable of even acknowledging that that help could potentially come with long term costs and negative consequences.

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Solid Snake07 posted...

That sucks, and is a a good advocation argument of these checks. But it doesn't magically make general consensus economic theory irrelevant.

I can acknowledge there are people in desperate need of help right now. You seem incapable of even acknowledging that that help could potentially come with long term costs and negative consequences.

Protip: you need compelling proof and critical thinking skills to warrant acknowledgement.
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Suit yourself. Hope your head stays warm in the sand

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Solid Snake07 posted...

Suit yourself. Hope your head stays warm in the sand

I'll be so mad when the government somehow comes for their illegal inflation tax that makes absolutely no sense.
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Government doing stuff isn't related to socialism. Socialism doesn't even require a government, it has to do with workers controlling the means of production. This has nothing to do with that.

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Webmaster4531 posted...

I'll be so mad when the government somehow comes for their illegal inflation tax that makes absolutely no sense.

I don't think I could have possibly made it any clearer that you fundamentally don't understand what I'm trying to explain to you than you just did. Which isn't really a dig, most people don't get it. Which is what makes it a very useful, and possibly very damaging, political tool

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Solid Snake07 posted...

I don't think I could have possibly made it any clearer that you fundamentally don't understand what I'm trying to explain to you than you just did. Which isn't really a dig, most people don't get it. Which is what makes it a very useful, and possibly very damaging, political tool

Not understanding incoherent ramblings is not a dig, who would have thought.
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C'mon, we all know they are hypocrites. They will take the money and flaunt whatever they spend it on, while badmouthing the very government that gave it to them.

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Lol, your failure to grasp a concept doesn't mean it's incoherent. It means you don't understand it and in typical overly defensive "I don't get it" fashion you're reactively making dumb personal attacks that have nothing to do with the conversation.

Then again given your signature I think you're probably just trolling

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Solid Snake07 posted...

Lol, your failure to grasp a concept doesn't mean it's incoherent. It means you don't understand it and in typical overly defensive "I don't get it" fashion you're reactively making dumb personal attacks that have nothing to do with the conversation.

Then again given your signature I think you're probably just trolling

It being stupid nonsense that you'll conveniently pretend you're too mortified explain makes it incoherent.
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