A 50 year mortgage..

[Spikes]

"Trickle down economics" is just a buzzword.

How can it be a buzzword if it's been popularized for 45 years and been around for nearly 100?

[fd ski]

trickle down economics is pure bullcrap. I worked for a very large bank once upon the time. Private Bank division, you had to have 20mln before we spoke to you. Think of a billionaire, they were likely our client.

During management pow-wow once i had a chance to meet our sales folk, ones who dined and charmed them geniuses, i figured it was a great time to find out how the "rich invest their money ...." theory works in practice. I asked "what is our client expectation ? Return on investment or capital preservation?". Answer: 95%+ is captial preservation. Match the inflation, minimize the risk.

So much for trickle down sillyness.

[Captain Virgil Hilts]

As to your first paragraph, who should be assigned to tell a corporation (auto company for example) that it cannot move it's production to Mexico? Don't get me wrong.. I do not support that.. I just don't know how you limit it's constitutional rights.

As to the second paragraph, the argument in support of trickle-down economics has been beaten to death since the start of the industrial revolution. I think the success of that economic model is self evident.

The problem is, no one should HAVE to tell a corporation not to move production. The government should get out of the way, and stay out of the way. Then they wouldn't WANT to move production. The problem is that excess regulations and excess taxes make it attractive, and cost effective.


Economics is really simple. The government needs to stay the Hell out of the market. As above, excess taxation and regulation, as well as centralized banking, cause the problems in economics.

Minimize taxation, minimize regulation, minimize the size of the government.

[Captain Virgil Hilts]

The slavery today is free handouts. Those on that train are doomed to stay in their place and do as they are told... or lose their handouts.
With that said, I am not for a 50 year mortgage on a home. People do have a choice though.... just so many choose poorly.

Two ways to create a slave. Work them without paying them. Pay them without working them.


A 50 year mortgage is insanity. It's literally a longer term than the average working lifespan. My guess is there are people stupid enough to do it. My guess is there are people stupid enough to buy those mortgages as an investment.

[Busher]

The problem is, no one should HAVE to tell a corporation not to move production. The government should get out of the way, and stay out of the way. Then they wouldn't WANT to move production. The problem is that excess regulations and excess taxes make it attractive, and cost effective.


Economics is really simple. The government needs to stay the Hell out of the market. As above, excess taxation and regulation, as well as centralized banking, cause the problems in economics.

Minimize taxation, minimize regulation, minimize the size of the government.

I see little point in discussing economics with an anarchist.

[Captain Virgil Hilts]

I see little point in discussing economics with an anarchist.

An anarchist. That's rich. I'm simply a textualist/originalist/constructionist, regarding the Constitution. Provide for the common defense, secure commerce.

As a student of history, I understand fully that the government that provides for everything, takes everything in the process.

As Jefferson said, "if we can prevent the government from stealing bread from the tables of labor, under the pretense of taking care of them, the people cannot help but to become happy."

I suppose Jefferson was an anarchist.

Government is a necessary evil, as men are not angels. Government is comprised of men, who are not angels.

I follow the Sowell, Freidman, and Laffer theories on the economy, although I disagree with Freidman, and Sowell, on the subject of tariffs. Free trade isn't, when there are tariffs, and if your competitor handicaps you with tariffs, then it is sometimes wise to reciprocate.

I'm hardly an anarchist, I believe in a free market, and an extremely small government. I'm a conservative/libertarian, for the most part. However, if casting aspersions and perjoratives makes you feel better, feel free to do so.

[Busher]

An anarchist. That's rich. I'm simply a textualist/originalist/constructionist, regarding the Constitution. Provide for the common defense, secure commerce.

As a student of history, I understand fully that the government that provides for everything, takes everything in the process.

As Jefferson said, "if we can prevent the government from stealing bread from the tables of labor, under the pretense of taking care of them, the people cannot help but to become happy."

I suppose Jefferson was an anarchist.

Government is a necessary evil, as men are not angels. Government is comprised of men, who are not angels.

I follow the Sowell, Freidman, and Laffer theories on the economy, although I disagree with Freidman, and Sowell, on the subject of tariffs. Free trade isn't, when there are tariffs, and if your competitor handicaps you with tariffs, then it is sometimes wise to reciprocate.

I'm hardly an anarchist, I believe in a free market, and an extremely small government. I'm a conservative/libertarian, for the most part. However, if casting aspersions and perjoratives makes you feel better, feel free to do so.

Well I do respect your desire to debate, and especially your trend to drop names and quotes.

That being said, you and I will disagree (please take note that I did not say "agree to disagree"). An unregulated free market will only assure the financial success of the liars, the cheats, the thieves, the opportunists..... As I said many posts ago, free capitalism is likely the finest economic model ever envisioned but when one charlatan enters the system, the entire ideal collapses. And therein lies the need for Government oversight.

[Captain Virgil Hilts]

Well I do respect your desire to debate, and especially your trend to drop names and quotes.

That being said, you and I will disagree (please take note that I did not say "agree to disagree"). An unregulated free market will only assure the financial success of the liars, the cheats, the thieves, the opportunists..... As I said many posts ago, free capitalism is likely the finest economic model ever envisioned but when one charlatan enters the system, the entire ideal collapses. And therein lies the need for Government oversight.

The names and quotes come from study of the subjects.

Your assumption that government makes it better assumes there are better people in government than there are in business. A quick study of government proves the percentage of criminals is at least as high in government as it is in the private sector. And the criminals in government are far less likely to be prosecuted, and less likely to face stiff sentences if they are.

[Busher]

The names and quotes come from study of the subjects.

Your assumption that government makes it better assumes there are better people in government than there are in business. A quick study of government proves the percentage of criminals is at least as high in government as it is in the private sector. And the criminals in government are far less likely to be prosecuted, and less likely to face stiff sentences if they are.

I think your final sentence speaks volumes to current events. Not gonna touch that!

[DmonSlyr]

How can it be a buzzword if it's been popularized for 45 years and been around for nearly 100?

Because they LOVE their buzzwords and phrases. Another one is "Tax cuts for the rich". Its all chirp words get everyone in a line to say the same thing. These are linguistic programming techniques used by people to take advantage of younger people who dont understand how budgeting and accounting works in business. I know for a fact how companies do budgets because I build budgets for a very large corporation and forecast for very large events. If we know there is going to be a cut in expenses somewhere, we budget that expense in other categories. We already have predetermined PBIT values, so we don't just take off the expense, in most cases we just reallocate it to another account. Therefore giving us more room for labor or rental costs or travel costs. By reducing taxes, companies arent going to just leave that expense money on the table, they are going to reallocate it to other accounts to help run their businesses. Its not going to just go into a business owners pocket willy nilly like these art students are propagandized to believe...

[Eagler]

Not just government leaders but anyone with enough cash ..see OJ..now it's become a tool to be used against your political opponents..

Greed has taken over the majority..

Just looking at the national debt graph shows the end has to be near..

As the winds change here every 2 to 4 years, I think we can't get anything going to correct anything as the populous will be told and convinced to vote against it..

Enjoy your interest only payments on everything going forward..

Eagler

[AKIron]

Not just government leaders but anyone with enough cash ..see OJ..now it's become a tool to be used against your political opponents..

Greed has taken over the majority..

Just looking at the national debt graph shows the end has to be near..

As the winds change here every 2 to 4 years, I think we can't get anything going to correct anything as the populous will be told and convinced to vote against it..

Enjoy your interest only payments on everything going forward..

Eagler

I thought you were all about increasing the rates?

[Eagler]

I thought you were all about increasing the rates?

I am all for it..at least 5% as anything lower just indicates a sick manipulated financial scene..what we have experienced since 2008 if not longer imo..

It's the only chance prices have to adjust down so that you don't pay only interest..short of a depression..

Lower rates as they raise prices which is now leading to longer terms does nothing but raise prices and increase what you pay in interest and lower what is paid as principal..not to mention what it is doing to the dollars value..

Eagler

[AKIron]

I am all for it..at least 5% as anything lower just indicates a sick manipulated financial scene..what we have experienced since 2008 if not longer imo..

It's the only chance prices have to adjust down so that you don't pay only interest..short of a depression..

Lower rates as they raise prices which is now leading to longer terms does nothing but raise prices and increase what you pay in interest and lower what is paid as principal..not to mention what it is doing to the dollars value..

Eagler

Higher rates mean more of your payment goes to interest and less to principal.

[Eagler]

Higher rates mean more of your payment goes to interest and less to principal.

Only if you finance your purchases..

The higher rate would lower prices as lower rates allows them to raise prices..

Here's an interesting modification..should help the mob living there to afford their palace..



Eagler