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President Trump

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Trump threatens to terminate US-Cuba deal

"If Cuba is unwilling to make a better deal for the Cuban people, the Cuban/American people and the US as a whole, I will terminate deal,"*

http://www.bbc.co.uk/news/world-us-canada-38135894

SOP for Trump. His modus operandi has always been threats and disproportionate response. Tact, nuance and subtlety are for pussies. And pussies are for grabbing.
 
"Tiny?"

Just wait until it is discovered that the 33,000 emails miraculously survived Crooked Hillary's clumsy attempt to hide her crimes -- the FBI (and half-a-dozen foreign governments) have probably had them all along.

I suspect those deleted emails will soon be sitting atop of Jeff Sessions' desk.

Are you under the impression that anybody not in your echo chamber still cares about those emails?

That's adorable!
 
The question wasn't wether you had criticized Trump, but whether you had criticized any of the multiple RWN posters calling Obama names in the manner of your current criticism of someone calling Trump names.

Responding question...

How man y of the people in this thread have, in the past, voiced the opinion that it was childish and inappropriate to call Obama names... and yet go on to call Trump names here?
 
Responding question...

How man y of the people in this thread have, in the past, voiced the opinion that it was childish and inappropriate to call Obama names... and yet go on to call Trump names here?

I'll raise my hand to the former and firmly deny the latter, just so's we're not cherry picking or nothin'.
 
Heavens, why? One way or another, working less means making less money. If you mean worked less for the same gross income, then you were just being an ass, punishing your employer because you don't like contributing to social services.

I've been in situations where the marginal additional effort required to get that marginal increase in pay wasn't worth it. If my additional hour is only going to net me an additional $10 instead of $30, maybe I would rather sleep in a little longer. Definitely true of freelance and consulting gigs. Probably true for self-employed as well. Not necessarily true for a salaried position... although it could feasibly materialize in other ways (less incentive to seek promotion because the increase in responsibility and effort isn't offset by the increase in salary)
 
I've been in situations where the marginal additional effort required to get that marginal increase in pay wasn't worth it. If my additional hour is only going to net me an additional $10 instead of $30, maybe I would rather sleep in a little longer.

Yeah, sure, but that requires a STEEP increase in taxes. Is that really what we're discussing?
 
It's a sliding scale, the subsidy decreases as you get closer to 400%.

ETA: Subsidies are calculated using the previous years guidelines for the Federal Poverty Level, so you know that number, but of course there is some uncertainty if you are not sure what your income will be next year.

Whether it's a smooth scale or a cliff depends on your age. The ACA subsidy was presented as a sliding scale, but it's actually a lot more complicated than that. It uses a reference price to determine the basket of money available from the government, relative to a sliding income scale.

Consider two families, both with 2 adults and 2 children. The adults in Family A are 25, and the adults in Family B are 60. The list premium for Family A will be around $1000 per month, whereas for family B they'll be closer to $2500 per month. They have the same income.

As they slide from 133% of Federal Poverty Level (FPL) to 400% of FPL, the subsidy for Family A reduces to almost zero... but the subsidy for Family B reduces to around 50% of their premium. Family A ends up with a smooth reduction, Family B ends up with a very steep cliff.

***Numbers used here are for illustrative purposes only, they're close enough to demonstrate the cliff effect as it correlates with age, but most definitely not 100% accurate ;)
 
I actually think we're more in agreement than you think. What government should be used for is a political issue. We may disagree on certain goals, or at least on the balance struck between competing goals, but tax policy is simply a means to those goals. But it is an economic means. That is, we should decide how big and powerful and intrusive a government we want, and then design tax policy to optimize economic performance within those constraints. For example, you might want government to guarantee that every household gets a chicken in their pot and a car in their garage (as Herbert Hoover promised during the 1928 campaign). To do so, the government must direct scarce resources to manufacturing of lots of cars and lots of chickens and then devise a tax policy that allows the economy to function well. Which ordinarily would mean preventing an acceleration of inflation generally and mitigating the distortions to the economy from the interference in the market for chickens and cars.

Warren Mosler, who is an economist I follow (I consider myself an acolyte, although I came to many of his conclusions independently), actually has an interesting take on taxes (which Randall Wray summarized thusly):

"[T]he purpose of the tax is to create unemployment. That might sound a bit strange, but if we define unemployment as a situation in which job seekers want to work for money wages, then government can hire them by offering its currency. The tax frees resources from private use so that government can employ them in public use."

That is, the tax is the mechanism by which the government commandeers private sector resources for public purpose. However, for any given public purpose goal, you still want to design the tax policy to minimize the damage to the overall economy (or maximize the good, if in fact the public purpose was itself stimulating productivity growth).

Economics IS the study of a society's choices. And government IS a necessary evil. Society simply doesn't function well without a trusted authority. It's not a question of how big and intrusive government we want it to be. It's a question of what we as a society value. Whether that be highways or military arms, welfare or lower taxes. BTW, the private sector ie multinational corporations are easily more intrusive than our government. Google will probably know if your daughter is pregnant long before you will.

The purpose of taxes is not to create unemployment. Only a biased IDIOT would say that.
Taxes are needed to pay for the services and needs that the private sector will not and cannot perform without major problems to the common good.
 
Economics IS the study of a society's choices. And government IS a necessary evil. Society simply doesn't function well without a trusted authority. It's not a question of how big and intrusive government we want it to be. It's a question of what we as a society value. Whether that be highways or military arms, welfare or lower taxes. BTW, the private sector ie multinational corporations are easily more intrusive than our government. Google will probably know if your daughter is pregnant long before you will.

Google may know more about my life than I do, but at least they can't force me to do things with the threat of violence. When I use the word "intrusive" I don't mean intrusion on privacy. I mean intrusion on freedom.

The purpose of taxes is not to create unemployment. Only a biased IDIOT would say that.

And only a lazy, uncivil person would nastily dismiss a pithy statement without trying to understand its deeper meaning. You obviously don't understand what the statement means. If you did, you would recognize immediately that it is true. By the way, L. Randall Wray is a left wing nutjob. I don't like his politics. But he understands how our monetary system works, and that's all I really care about from him.

Taxes are needed to pay for the services and needs that the private sector will not and cannot perform without major problems to the common good.

What if there was no money? How would government work?
 
Google may know more about my life than I do, but at least they can't force me to do things with the threat of violence. When I use the word "intrusive" I don't mean intrusion on privacy. I mean intrusion on freedom.

And only a lazy, uncivil person would nastily dismiss a pithy statement without trying to understand its deeper meaning. You obviously don't understand what the statement means. If you did, you would recognize immediately that it is true. By the way, L. Randall Wray is a left wing nutjob. I don't like his politics. But he understands how our monetary system works, and that's all I really care about from him.

What if there was no money? How would government work?

Left wing nutjob? So? It's a STUPID comment without a great deal of context that changes its meaning dramatically. It simply is NOT TRUE that the purpose of taxes is to create unemployment.

As for intrusive, multinational corporations can and do create much violence simply with their effects on an economy. I've seen the impact that oil companies have had around the world. It ain't pretty.
 
What if there was no money? How would government work?

What if? Not sure what you mean by that, but Econ 101 teaches us that money is simply the lubricant. But my guess, is you are thinking on another line. You're going to have to expand if you want me to answer.
 
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