6 thoughts on “Jason Lewis on Fox: Wall Street Protests”
As small business owner I want to compete based on the product I make. In today’s environment tax breaks, subsidies, backroom deals and army of lawyers are killing 90% of any successful ideas.
Capitalism and I mean pure capitalism please come back.
Good luck protesters.
Wouldn’t it be nice if the hard right would realize that we’re in a demand-side problem here and not a supply-side problem? If more people had jobs, they would be engaged in more economic transactions which would create even more revenue. Instead, huge amounts of capital are just sitting there doing nothing and revenue will catch up to that “do nothing” attitiude before long.
Yes, the protestors aren’t doing a very good job of spreading their message, hopefully the following will help:
Unfortunately you are misguided regarding the Keynesian demand side economic model. Where is one example where that has been successful? Demand side economics is a redistribution of existing capital, and does not grow the economy. Once people have spent this redistribution, then the economy is back where it was to begin with.
Supply side economics, with reduction in corporate/capital gains tax rates, along with reducing regulations, is sustaining. Businesses will release capital they have been holding back, putting people to work, and profits from that capital will continue to be invested, growing the economy and increasing GDP.
Did you even bother to read the sites I posted?
You’ve done the same lack of interest dismissal of my comment that the hard right is doing of this Occupy deal. You see that I mention there is little demand right now which is stifling the economy into this current quagmire and automatically assume that means we need to give handouts. That’s absolutely NOT what I’m saying and if you’d take the time to acknowledge what I’ve written as opposed to looking for keywords to which you can astroturf you may have realized this.
More people work -> more money in consumer’s hands -> more purchasing -> higher manufacturing demand -> more jobs in that sector (as well as sales/distribution/marketing/etc…) -> ongoing circle.
Now you’ll decide that “more jobs” means govt. intervention. It doesn’t. It means that capital doing nothing should be put to use to grow exponentionally through the system I describe (in very simple terms obviously) above as opposed to sitting at our <1% interest rates.
Why is that a bad thing? Nobody can ever explain that to me. They just decide that I'm advocating a reallocation of wealth which is absurd when I'm advocating an increase in wealth for EVERYONE bottom to top. Is that really hard to understand?
I have to agree with Mike on this one. We are in this mess because of the revolving door between between men and women in federal-level political offices and boards of corporations - the biggest example of which is the FED private bank, with absolutely no oversight from the citizens of the U.S.
Look locally. You’ll see this same revolving door “good ol’ boys” club running your state and local governments as well. Corporations lobby for influence if they can’t get their bill passed with payoffs and bribes.
The system we have now is Fascism or a Social Democracy - not Free Market Capitalism, where there is no tax on private and business income unless the income is a capital gains from overseas.
Occupy Wall Street is half correct, if it points to Goldman Sachs, etc., in bed with Government and the private International Banking System. The other half of the problem is the hidden taxation brought on by debt-based money instead of sound money.
End the FED, and the Income Tax that funds the debt of the FED. Then we’ll get somewhere.
Jason, with our love of music, what about Dylan’s “like a rolling stone” for the Occupy Wall Street crowd. The falling from grace of “Miss Lonely” attending the finest schools and then having to face reality. Seems very apropo 56 years after its recording. Maybe you can dedicate it to them.
As small business owner I want to compete based on the product I make. In today’s environment tax breaks, subsidies, backroom deals and army of lawyers are killing 90% of any successful ideas.
Capitalism and I mean pure capitalism please come back.
Good luck protesters.
Wouldn’t it be nice if the hard right would realize that we’re in a demand-side problem here and not a supply-side problem? If more people had jobs, they would be engaged in more economic transactions which would create even more revenue. Instead, huge amounts of capital are just sitting there doing nothing and revenue will catch up to that “do nothing” attitiude before long.
Yes, the protestors aren’t doing a very good job of spreading their message, hopefully the following will help:
http://www.businessinsider.com/what-wall-street-protesters-are-so-angry-about-2011-10?op=1
Eloquently puts words (and graphs!) to the issues at hand.
http://www.dangerousminds.net/commen…ed_to_america/
potentially NSFW for those that fear a couple of naughty words in the comments section.
Unfortunately you are misguided regarding the Keynesian demand side economic model. Where is one example where that has been successful? Demand side economics is a redistribution of existing capital, and does not grow the economy. Once people have spent this redistribution, then the economy is back where it was to begin with.
Supply side economics, with reduction in corporate/capital gains tax rates, along with reducing regulations, is sustaining. Businesses will release capital they have been holding back, putting people to work, and profits from that capital will continue to be invested, growing the economy and increasing GDP.
Did you even bother to read the sites I posted?
You’ve done the same lack of interest dismissal of my comment that the hard right is doing of this Occupy deal. You see that I mention there is little demand right now which is stifling the economy into this current quagmire and automatically assume that means we need to give handouts. That’s absolutely NOT what I’m saying and if you’d take the time to acknowledge what I’ve written as opposed to looking for keywords to which you can astroturf you may have realized this.
More people work -> more money in consumer’s hands -> more purchasing -> higher manufacturing demand -> more jobs in that sector (as well as sales/distribution/marketing/etc…) -> ongoing circle.
Now you’ll decide that “more jobs” means govt. intervention. It doesn’t. It means that capital doing nothing should be put to use to grow exponentionally through the system I describe (in very simple terms obviously) above as opposed to sitting at our <1% interest rates.
Why is that a bad thing? Nobody can ever explain that to me. They just decide that I'm advocating a reallocation of wealth which is absurd when I'm advocating an increase in wealth for EVERYONE bottom to top. Is that really hard to understand?
I have to agree with Mike on this one. We are in this mess because of the revolving door between between men and women in federal-level political offices and boards of corporations - the biggest example of which is the FED private bank, with absolutely no oversight from the citizens of the U.S.
Look locally. You’ll see this same revolving door “good ol’ boys” club running your state and local governments as well. Corporations lobby for influence if they can’t get their bill passed with payoffs and bribes.
The system we have now is Fascism or a Social Democracy - not Free Market Capitalism, where there is no tax on private and business income unless the income is a capital gains from overseas.
Occupy Wall Street is half correct, if it points to Goldman Sachs, etc., in bed with Government and the private International Banking System. The other half of the problem is the hidden taxation brought on by debt-based money instead of sound money.
End the FED, and the Income Tax that funds the debt of the FED. Then we’ll get somewhere.
Jason, with our love of music, what about Dylan’s “like a rolling stone” for the Occupy Wall Street crowd. The falling from grace of “Miss Lonely” attending the finest schools and then having to face reality. Seems very apropo 56 years after its recording. Maybe you can dedicate it to them.