Quote:
Originally Posted by Paul Markham
Not correct and your way of looking at things is so simple.
Purchasing power was the way to create good Western economies when things were made by people in the West. Now they are made by Third Worlders who can't afford to buy what they're making or by machines.
Do you see anyone trying to stop that? No, so your next point s wrong.
I want people in the West to be paid more so they pay more in taxes. https://www.ft.com/content/83e7e87e-...8-3700c5664d30 and https://www.theguardian.com/money/20...eague-tuc-oecd Proves me right and you wrong.
The next point is you going to an extreme which will never happen. So BS.
Can you be more wrong? |
nope paul - it shows me only that you do not understand what you are reading.
the REAL wages are showing you the difference between income and buying power - and buying power is prosperity.
it does not make sense to make the double if you can buy only the half with this money.
and this is EXACTLY what happens here.
it also does not make sense to pay MORE taxes that is the good old error what even governments do.
a states tax income does not depend on how much one pays - it depends how FAST money turns from one hand to the other. everytime when money goes from one hand to another the state gets his part on the taxes.
money only turns fast when people have enough to spend. and the prices they have to pay for goods are the biggest indicator for that.
this is also why poor people with low tax are more profitable for an economy as rich people who can not even spend the money the make.
poor people have to spend all and that means it ALWAYS will leave their hands.
all i read read from your philosophy is that you have never learned or studied economy. you are talking like all this millions in bear bars who all know it better as the ones who have spend years in school to understand it.
you are on the same knowledge level as all these other trump supporters and this is why
things can not become better because this kind of bee and flower thing does not work in the complicated world of economy.
and this is why hobby economists are the last ones who will be able to make it any better.