Same guy, backup account.
They have been peddling this crap for three decades
- you don't know shit, what actually has been peddled for 4 decades is massive inflation that allowed massive welfare state growth, with different levels of welfare, where the herd is used to justify power grab, because the mob will always vote itself more theft and redistribution from its proceeds, while some very well connected on top will also get the welfare in terms of gov't contracts and such.
Poor are not able to climb out of poverty
- definitely. Poor are the herd, they are a necessity for the gov't, you don't reduce poverty with gov't, you grow poverty with gov't and you use poverty to take over all powers and steal from the yet productive people.
infrastructure is crumbling
- definitely, that's because it was NEVER sustainable. It was a gov't welfare project it wasn't there because businesses put it there for productive reasons, it was built with stolen money and it falls apart once the well dries out and the well dried out and the businesses moved on and there is no need for any of this infrastructure in a unproductive society. Infrastructure shouldn't be in the hands of gov't, but hey, they bought you lock stock and barrel with the gov't projects and 'new society' crap.
our trade imbalance is getting wider
- definitely. 500 Billion USD / year, that's your negative productivity for decades now. It's the result of growth of gov't power, growth of inequality built with gov't power, massive of inflation - money printing that gov't is running. Sure, the Federal reserve is a private bank, but it doesn't matter, hasn't mattered since 1917, when the Congress gave it authority to monetise US Treasury debt and that's where the bubbles start, all of them, from 1921 depression to 1925-1929, the 1930s depression, the 1950-1970 bubble in gov't spending, the 1971 default on the dollar, the 1970 stagflation, the 1980s bubble, the 1990s bubble, the 2000s bubble and the last one that is still growing, the bond and USD bubble. When that one bursts.... well, it shall be interesting times. At least the people that are still productive will finally be able to consume the fruits of their own labour rather than subsidising USA consumption with their work.
colossal failure of Reganomics
- in that it was not actually free market. Free market ended in USA in 1911.
- also known as economics. That's what is happening in the productive parts of the world, except that USA exported inflation is still preventing their producers from being able to consume the fruits of their labour, still, even so, as an example Chinese have pulled 350Million people out of poverty over 30 years, more than entire Europe and USA in a 100.
The money paid by the consumers are what is paying for the cost of production
- wrong. Money doesn't exist until it is produced, money is a claim on future production and fake demand fuelled by inflation does not create production.
Consumers have to get the money from somewhere, and it's actually businesses that make money - that's a really wonderful American phrase "to make money". It actually means something, but you wouldn't know.
profit of the investors and wages of the employees
- consumers don't have anything to give until they produce, you clearly don't understand that this is not a 'chicken and an egg' question. Before you can eat, you have to grow something.
If there is a profit to be made, somebody will.
- I know, I run my business to generate profits. I wouldn't run it in USA though, because that's not a place to generate profits in a legitimate market anymore.
We cut the taxes, we encouraged investment, all those traitors who took all the money invested in Bangladesh and Bangkok
- you are ignorant. Taxes cannot be cut if there is no cut in spending. If you cut tax rates but keep spending or spend more, you are deferring taxes + interest. Anybody with 2 brain cells to rub together recognises it for what it is - eventual slavery to the system and they obviously move. You are not fit to make long term economic decisions obviously and being patriotic by allowing fruits of your labour (your life) to be stolen by the mob via the State violence is an idiotic idea. Why would anybody be patriotic to a bunch of thieves exactly?
They say with straight face, we will invest where the wages are low, pollution controls are non existent, where the profits will be high. We should tell them, go live there, or pay taxes here.
- once the US bond market crashes and the Fed starts printing even more to buy all that debt, the inflation will come back to the USA in huge volumes. There will be no more consumption of foreign made goods. Good luck to your theories then, when you have nothing to consume at all because nobody will sell it to you. You'll have to start producing again, you'll learn what real economies are built upon again and you'll quickly figure out that economic growth and gov't power are not actually compatible.
If we tax the rich, we can make sure the money is spent inside USA creating more jobs.
- stolen money given to gov't does not create anything productive, but good luck with that. The only thing you are achieving with this (and any new laws are taxes, same with ACA for example) is less business. You'll see what I mean soon enough.
If we give them tax cuts, they will invest elsewhere.
- it's not actually your money to give. Money, fruits of labour, belong to people who actually earned it, people are not supposed to be your slaves contrary to you (quite popular) misconception.
The demands of the rich are endless.
- there should be one law for everybody, and this law needs to respect private property rights and not allow gov't to steal from people. USA used to have this law, it was called the Constitution. It doesn't care about it anymore, hasn't in decades, the result is obvious if you want to see it.