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Thread: Bernie Sanders’ Economic Inequality Town Hall Draws 1.7 Million Live Viewers

  1. #51
    Senior Member libertariat720's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    Shrug. Proponents tend to call them 'supply-side policies'. It is the opponents who tend to call them 'trickle-down policies'. They may not be quite identical, but close enough. In either case, the basic idea is to give large tax cuts to the very wealthy, with the idea that they will invest those funds, maybe building new yacht factories and such, creating good low-paying jobs for the rest of us...............
    The term you are looking for is 'crony capitalism'.

  2. #52
    Established Member soupnazi's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    P.S. Here is what Larry Kudlow, Mr. Trump's new Chief Economic Adviser, said about Bill Clinton's tax INCREASE in 1993:

    What Kudlow said: “There is no question that President Clinton’s across-the-board tax increases…will throw a wet blanket over the recovery and depress the economy’s long-run potential to grow.”

    When he said it: 1993

    What happened next: The 1990s bull market.

    Questions?
    None instead corrections.

    He said nothing about capital gains tax and was referring to income taxes.

    Sorry you lose again.

    too easy

  3. #53
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by soupnazi View Post
    None instead corrections.

    He said nothing about capital gains tax and was referring to income taxes.

    Sorry you lose again.

    too easy
    Yes, Kudlow was referring to income tax increases. That's exactly what I said. I said Clinton raised income taxes on the rich, and you DISPUTED that. What the hell is wrong with you, anyhow???

    The capital gains taxes were not cut until near the END of Clinton's Presidency. I am talking about what he did at the very BEGINNING of his Presidency. Can you please get that straight in your head?
    Thanks from labrea and NightSwimmer

  4. #54
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by libertariat720 View Post
    The term you are looking for is 'crony capitalism'.
    No, that was not the term I was looking for. 'Crony capitalism' is connected with 'corporate welfare', but is not quite the same, but both are distinct from 'supply side policies' and 'trickle-down policies'. This would become a very confused discussion if we cannot keep our terms straight.

  5. #55
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by libertariat720 View Post
    Source? I'd like to see the full quote in context.

    Then I might put it in my pipe and smoke it.
    Gosh, it was a VERY widely reported quote at the time. It was when Buffett was commenting on how he thought it was madness that he paid a much LOWER tax rate than his secretary/receptionist, who (of course) has a niggling fraction of the wealth that he has. Buffett thinks the rich should be paying significantly higher taxes. Surely you are aware of this?

    If I have time, I'll try to find a link for the quote. But I'm astonished if you never heard it before. It's about like encountering someone who never heard the phrase 'All men are created equal'.
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  6. #56
    Southern Strategy Liberal OldGaffer's Avatar
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    Thanks from BigLeRoy and labrea

  7. #57
    Veteran Member Madeline's Avatar
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    Quote Originally Posted by the watchman View Post
    we need new candidates. He and Hillary both had their chance. If he does run I hope his rivals don't go easy on him like Hillary did.
    Nobody who ever lost a primary should try again later?

    Why?

    And if you believe this, why didn't it stop you supporting Hillary in 2016?

    She could well afford to "go easy on Bernie", after others attacked him for being Jewish, etc. at her direction. Especially after her campaign manager aka the DNC chief bought the nomination for her.

    None of that matters to me now. What matters is whether you have finally rejected corporate Democrats and fully embraced progressive candidates, with progressive policy ideas.

    Because if not, if we still fail to communicate effectively, I feel great fear for this country's future, as it's 99%ers will experience it.

  8. #58
    Southern Strategy Liberal OldGaffer's Avatar
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    Currently, the richest 1% hold about 38% of all privately held wealth in the United States. while the bottom 90% held 73% of all debt. According to The New York Times, the richest 1 percent in the United States now own more wealth than the bottom 90 percent.
    And it is getting worse, day by day....
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  9. #59
    Veteran Member Madeline's Avatar
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    Quote Originally Posted by OldGaffer View Post
    And it is getting worse, day by day....
    The top 5% on the planet own much more than the 95%.

    This is not just an American problem, but we are the leading economy on the planet. Which way we jump will open or close windows of opportunity for other non-rich people, worldwide.

    Elect a Hillary-esque candidate in 2020, and your grandchildren will live in tents.

    Maybe your children.

    Maybe YOU.

    Time to turn this around is running out.
    Last edited by Madeline; 22nd March 2018 at 04:20 AM.

  10. #60
    Veteran Member bajisima's Avatar
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    Interesting article in the NYTimes today about whether moving to the center as we are seeing in recent wins is the way to go or not. Some argue its going to make inequality worse not better and Sanders group calls them "republican lite."

    “The real message of Lamb’s campaign basically boiled down to this: ‘Look at what a fine young normal white fellow I am!’ ” Mosher wrote. The “clamor for centrism,” according to Mosher, risks deflating the Resistance, turning off nonwhite voters, and dampening the turnout that Democrats should be able to expect in November, given the level of Trump animus across the country."

    https://www.nytimes.com/2018/03/22/o...ft-center.html
    Thanks from Madeline

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