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OFFICIAL Elizabeth Warren is awesome thread

PhDeac said:
Because of over reliance on that industry and a tax base that bailed for the suburbs.

If you can't acknowledge the clear role of government in regulating markets as evidenced in the 13th Amendment, you're not going to have an open discussion acknowledging the role of government in making sure workers and consumers aren't exploited by free markets.
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When I have said "we never try a single system, it has always been a hybridized approach" (four different times now in the thread), what do you think I mean by that?
 
A free market would never include a government protecting one person's "right" to own another person. The point of a free market is to keep people from using force or fraud on one another.
 
I believe the point of the free market is to promote the positive aspects of competition between actors in a market place. The point of regulation of the free market is to provide needful protections not present; in essence, it keep the market free. When the regulators start to overreach beyond their province and feed and siphon off the market's productivity, the market will adjust. Precisely as it did in the case of American automotive manufacturing. The conscience of the people should not tolerate abusive labor practices, such as the ones thankfully resigned to the annals of history, so government plays that necessary role of regulator. When government overreaches its limited role and starts re-allocating fruits among its preferred winners and losers (which in the cases of Detroit and Chicago, include its own workers in the form of public sector entitlements with no modern day counterpart in the market it siphons from), the market will reverse regulate and re-locate to more hospitable climates.

In the news this morning was the word that a network t.v. production filming in New Bern and Wilmington will move to Georgia, because the General Assembly stopped the tax incentives. We could debate the policy aspects of that type of incentive (which I believe is a step forward from the current place of accusing others of supporting slavery, but I suppose I'm a dreamer), because that is actually an interesting discussion. On the issue of tax incentives (cf. absence of generally applicable impediments), I am open to persuasion. My instincts guide me away from targeted incentives.
 
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jhmd2000 said:
People in the countries where they try your approach end up floating to this country on a door in the hope that they might not get eaten by a shark and drift onto a beach to have a shot at doing it our way. Try harder, sport.
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Are Swedes really trying to cross the Baltic like that?
 
The film tax credit is literally government picking winners and losers through the tax code. That's partof an interesting discussion on free markets?
 
TuffaloDeac10 said:
Are Swedes really trying to cross the Baltic like that?
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Sweden is 150,000 people smaller than North Carolina, is 85% urbanized and has an official state church. According to its own website, "the country’s economy was sometimes dismissed as ‘socialist’, but now it is held up as an example of capitalism done right." (emphasis added).

It's opening line? "Sweden has among the EU’s lowest levels of national debt, low and stable inflation and a healthy banking system"

First item? "A balanced budget"
 
A market is free as long as participants do not use force or fraud on one another. The point of regulation is to prevent the participants from using force or fraud on one another.
 
jhmd2000 said:
Sweden is 150,000 people smaller than North Carolina, is 85% urbanized and has an official state church. According to its own website, "the country’s economy was sometimes dismissed as ‘socialist’, but now it is held up as an example of capitalism done right." (emphasis added).

It's opening line? "Sweden has among the EU’s lowest levels of national debt, low and stable inflation and a healthy banking system"

First item? "A balanced budget"
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wonder what it says about taxes?
 
sailordeac said:
wonder what it says about taxes?
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I was hoping someone would ask.

"While governments with large budget deficits carry out austerity measures by increasing taxes and cutting public spending, Sweden has avoided these difficulties. In fact, taxes in Sweden have actually been lowered since the crisis began."
 
tjcmd said:
A market is free as long as participants do not use force or fraud on one another. The point of regulation is to prevent the participants from using force or fraud on one another.
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While this would surely elicit enraged opposition, here's an example of this point in action.

When I go into a restaurant or a retail store, and I experience substandard service or quality, I can vote with my consumer choice to punish those bad behaviors and reward good behaviors when I find them better served elsewhere. As an individual actor, I am never more powerful under our system than with my consumer choices. I just get to leave and go some place better. The market is the mosaic of all of our individual choice. Kind of like an election, but your individual votes actually count in real-time (and we don't even have to hurl rusty axeblades and invective at the Citizens United decision).

Contrast that when I get substandard service from the DMV (or someday, under a true single payer health care system). There's a reason that sucks with such vigor.
 
tjcmd said:
A market is free as long as participants do not use force or fraud on one another. The point of regulation is to prevent the participants from using force or fraud on one another.
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Elizabeth Warren would probably agree with this.
 
jhmd2000 said:
People in the countries where they try your approach end up floating to this country on a door in the hope that they might not get eaten by a shark and drift onto a beach to have a shot at doing it our way. Try harder, sport.
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Please address the Kansas question.
 
jhmd2000 said:
I was hoping someone would ask.

"While governments with large budget deficits carry out austerity measures by increasing taxes and cutting public spending, Sweden has avoided these difficulties. In fact, taxes in Sweden have actually been lowered since the crisis began."
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Check those rates
 
WFFaithful said:
Please address the Kansas question.
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I don't know enough about this one particular state's policies and outcomes, but I'm sure the talking points are all in order on your side. Go back and read those and agree with yourselves.

In North Carolina, a state I do follow, the economy has turned around considerably since regime change. If you hold Kansas against the Republicans, surely a state with more size and influence goes in their column, no?
 
jhmd2000 said:
I don't know enough about this one particular state's policies and outcomes, but I'm sure the talking points are all in order on your side. Go back and read those and agree with yourselves.

In North Carolina, a state I do follow, the economy has turned around considerably since regime change. If you hold Kansas against the Republicans, surely a state with more size and influence goes in their column, no?
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Yet despite this growing economy (caused by GOP tax cuts, lol), which was supposed to increase the tax revenue to cover large tax cuts for the wealthy, we had a $445 million dollar shortfall. Kansas cut taxes more than NC did, and despite magical accounting methods (which the US House just adopted), their budget shortfall was even greater.
 
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