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Woland Special user 680 Posts |
By the end of 1946, 10 million demobilized WWII veterans had been able to find a job. How did that happen?
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We often hear that big cuts in government spending over a short period of time are a bad idea. The argument against big cuts, typically made by Keynesian economists, is twofold. First, large cuts in government spending, with no offsetting tax cuts, will lead to a large drop in aggregate demand for goods and services, thus causing a recession or even a depression. Second, with a major shift in demand (fewer government goods and services and more private ones), the economy would experience a wrenching readjustment, during which many people would become unemployed, and the economy would slow down. The rest of the article is quite interesting, too. |
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
And all without the benefit of craigslist.
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Payne Inner circle Seattle 4571 Posts |
I totally agree that we should endeavor to replicate this financial policy as closely as possible so that we can restore our economy to those boom time of the 40's 50's and 60's.
so what job do you want to oversee. The destruction of the manufacturing capabilities of most the rest of the world so the US has an unrivaled monopoly on the production of goods. Or telling the top income earners that their tax rate is going back up to nearly 90% with a 25% tax on capital gains?
"America's Foremost Satirical Magician" -- Jeff McBride.
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mastermindreader 1949 - 2017 Seattle, WA 12586 Posts |
I'm all for going back to the tax rates of that era.
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Woland Special user 680 Posts |
I don't think we need to bomb the rest of the world in order to stimulate our economy. A cut in government spending and a cut in the tax rates would probably do the trick. Worked for John F. Kennedy, anyway.
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landmark Inner circle within a triangle 5194 Posts |
You've conveniently forgotten about the 1944 GI Bill which poured money and benefits directly into the hands of returning soldiers looking for work and education.
http://en.wikipedia.org/wiki/G.I._Bill
Click here to get Gerald Deutsch's Perverse Magic: The First Sixteen Years
All proceeds to Open Heart Magic charity. |
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MagicSanta Inner circle Northern Nevada 5841 Posts |
Won't work. The US has destroyed its economy by deregulation and changes in commerce laws. WNt a better economy? Move to Viet Nam, they are next in line to get manufacturing jobs, heavy stuff too.
No it wasn't Bush who caused it and Obama can't fix it. |
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mastermindreader 1949 - 2017 Seattle, WA 12586 Posts |
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On 2012-06-20 15:15, landmark wrote: That would be the same GI bill that was adamantly opposed by conservatives, who referred to is as putting veterans "on the dole." |
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mastermindreader 1949 - 2017 Seattle, WA 12586 Posts |
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On 2012-06-20 15:13, Woland wrote: I think going back to the JFK era tax rates would be great as well! |
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Payne Inner circle Seattle 4571 Posts |
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On 2012-06-20 15:13, Woland wrote: Just how low do taxes need to be to jump start this economy? Currently we are at a 50 plus year low in tax rates. What is that magic number that will get the job creators to create jobs here in the states instead of using slave labor in China? My suspicion is we'd actually have to pay corporations to do so.
"America's Foremost Satirical Magician" -- Jeff McBride.
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balducci Loyal user Canada 227 Posts |
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On 2012-06-20 15:13, Woland wrote: Or you could try what helped Canada and Australia manage the recession better than nearly any other nations in the world: more stimulus, a national sales tax, strong regulations on the banks, public national healthcare, etc. Good socialist policies, don'tcha know.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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MagicSanta Inner circle Northern Nevada 5841 Posts |
Payne is again correct. The only thing that will get jobs back is to pay off the corporations and that will tick off the tree hugging "down with evil corporations" types. Raising tariffs again won't work because the companies just raise their prices. Now that should help US manufacturers get better market share but they are also run by greedy scumbags who will raise their prices because they figure they will make more without increasing productivity. If they do increase producivity they won't hire people cuz a threat of unemployment is enough to get workers coming in on Sundays.
I would tell corporations to either have x% of manufacturing in the US or no tax reductions. If some company wants their corporate office here but manufacture China as well. Move manufacturing here you get tax breaks so your execs can roll in money and in exchange you hire Americans and all that good stuff. I cannot see anything else working. |
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landmark Inner circle within a triangle 5194 Posts |
On 2012-06-20 18:43, balducci wrote:
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Almost, except for the sales tax. Regressive.
Click here to get Gerald Deutsch's Perverse Magic: The First Sixteen Years
All proceeds to Open Heart Magic charity. |
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Woland Special user 680 Posts |
If American banks tried to follow Canadian mortgage practices, they'd find themselves in deep trouble with Federal regulators.
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Steve_Mollett Inner circle Eh, so I've made 3006 Posts |
Face it, things won't be pretty until we get through whatever transition we're going through.
Hopefully we will come out better, rather than worse.
Author of: GARROTE ESCAPES
The absurd is the essential concept and the first truth. - Albert Camus |
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Payne Inner circle Seattle 4571 Posts |
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On 2012-06-20 22:05, Woland wrote: That should tell us something about our regulations, or lack thereof.
"America's Foremost Satirical Magician" -- Jeff McBride.
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LobowolfXXX Inner circle La Famiglia 1196 Posts |
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On 2012-06-20 21:21, landmark wrote: That's one way to construe it. One could also make an argument that it's progressive.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley. "...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us." |
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Dannydoyle Eternal Order 21219 Posts |
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On 2012-06-20 18:28, Payne wrote: How about 0% LOL. Scary how many would cheer that answer and whine the road had pot holes in it. But common sense aside let me ask you the same thing. How much of my money should I be able to keep? What is the magic number at which the government has taken enough of our money?
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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mastermindreader 1949 - 2017 Seattle, WA 12586 Posts |
Actually, taxes on middle income people are lower now than at any time since the 1950's.
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Federal taxes on middle-income Americans are near historic lows,[1] according to the latest available data. That’s true both for federal income taxes and total federal taxes.[2] http://www.cbpp.org/cms/index.cfm?fa=view&id=3151 Corporate tax rates, as well, hit a ten year LOW in 2011. http://www.huffingtonpost.com/2012/03/05......421.html As to why lower corporate tax rates will not help the economy, see: http://finance.fortune.cnn.com/2012/02/2......the-u-s/ |
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Payne Inner circle Seattle 4571 Posts |
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On 2012-06-21 00:44, Dannydoyle wrote: To be equitable it would have to be a sliding scale otherwise it become a regressive tax. 5% for low income earners and restore the 75% or 80% for the top. The top rates of course only kicking in after the first million or so. And of course a reinstament of the Estate and Capital Gains Taxes.
"America's Foremost Satirical Magician" -- Jeff McBride.
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