Economic Badness

[hwc]

We may be out of the recession (in that gross domestic product is no longer shrinking), but with a growing population, people delaying retirement because investments failed, and increases in productivity (GDP-per-worker) unemployment rates will continue inching upward. The stimulus package was not big enough to return us to full employment. So

Comments

[77south]

Why do we have to be the world's policeman?

[voland]

Is second that question. Being a world cop is unsustainable and ruinous, it makes us hated world wide it damages our economy and kills our young men.

[hwc]

Good question. I'd like to see a real debate on the issue. We should have really talked about it before the 2003 Iraq invasion, but that war was sold on a pack of lies (it would be easy, pay for itself, and Iraq is a clear and present danger). I might have supported the Iraq war had it been sold truthfully and paid for up front.

But if not us, then who? Pax Americana is not a bad thing, if we can make it last. On the other hand, I feel sure that the Cæsars said the same thing.

[voland]

Ok I will play.

What gives us (USA) the right to impose our morals on other nations? Because ultimately being a cop means upholding the law, why are the laws in the US somehow universally applicable?

If a nation wants to live by Sharia law, and they do so willing and with support of the population, what right do we have to tell them they can't? Who gave US the right to murder Koreans and Vietnamese because they CHOSE to be communists?

Questions for clarity, and understanding

[voland]

How will you ensure that the small part of the population that you plan on stealing form to finance all the free shit for the middle class will not simply leave and take their money with them? Who will you tax once the hate upper income bracket no longer exists

Re: Questions for clarity, and understanding

[hwc]

I've got fairly radical theories on the subject of trade imbalances. I suspect that trade deficits are the result of capital account surpluses, not the other way around. When we no longer have a capital account surplus, the dollar will naturally weaken to the point that the trade deficit will go away.

IANAE.

Re: Questions for clarity, and understanding

[voland]

So lets hear the theories. Justify your position provide evidence. Perhaps I am (and other economic libertarians) absolutely batshit wrong. Please explain to me two things abot your "left wing" solution.

1) What prevents the rich from leaving the USA and not paying any of the taxes you want to impose?
2) How will increasing the tax burden on the USA industries lead to the creation of jobs?

Re: Questions for clarity, and understanding

[hwc]

> ...Justify your position provide evidence