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Ah there it is. The usual doomer mentality that is so common I want to vomit when I see it. A mixed-market economy is not "Crony Capitalism". Stop exaggerating

Ah there it is. The usual doomer mentality that is so common I want to vomit when I see it. A mixed-market economy is not "Crony Capitalism". Stop exaggerating for upvotes.

freen 4y ago
50 cents of every dollar earned by farmers in the US is paid by tax dollars buying excess food at fixed, over market prices. Lookup the strategic cheese reserve. Does the government pay half your salary? They take half of mine.
- iwillbenice 4y ago
  Nothing of what you said changes my original point: We live in a mixed-market economy. The government manages some buffers (food, oil). And I'd really like to understand how the government "takes half" of your salary. Either you're super rich (probably not), or you're exaggerating.
  - chiefalchemist 4y ago
    At first, half sounds like hyperbole, I'll give you that. But then think about all the various taxes we pay directly (e.g., gasoline, internet and phone services, etc.). Then add on the taxes that are embedded in the costs of any of the other goods we buy. It adds up. Finally, if you consider The Fed a government agency, any time The Fed devalues your money (i.e., "prints" money and creates inflation) that's also all but a tax. That is, we have less to spend. It might not be half, but it's certainly significantly more than your income tax rate.
    - freen 4y ago
      Exactly. If you live in a major metropolitan area, or own a home that has rapidly appreciated, well, it all adds up quickly. Also consider: import taxes raise the price of goods, and thus are a wealth transfer from consumers to producers. Sugar is the classic example: import tariffs increase the effective tax burden of the lowest income quartile substantially, as they spend a larger percentage of their income on food. Anything with high fructose corn syrup, sweetener, or sugar is more expensive. And the corn farmers get that money.
chiefalchemist 4y ago
Doomer? When did being honest and realistic become doomer? It's as if you missed the college debt forgiveness. What was that? First, the gov stepped in, manipulated a market, increased demand, etc., and that eventuallyt went sideways. And then it stepped in to pull the plug in that mistake. The POTUS promises the forgiveness program will make buying a home more afford...because the demand he created won't result in higher prices. Huh? The only doom comes from those who can't face facts and keep their heads buried in the sand.
- iwillbenice 4y ago
  > It's as if you missed the college debt forgiveness. What was that? First, the gov stepped in, manipulated a market, increased demand, etc., and that eventuallyt went sideways. No one with a fucking brain thinks that was a good idea. But that's what Democrats do.

Ah there it is. The usual doomer mentality that is so common I want to vomit when I see it. A mixed-market economy is not "Crony Capitalism". Stop exaggerating for upvotes.

freen 4y ago

50 cents of every dollar earned by farmers in the US is paid by tax dollars buying excess food at fixed, over market prices. Lookup the strategic cheese reserve. Does the government pay half your salary? They take half of mine.

iwillbenice 4y ago
Nothing of what you said changes my original point: We live in a mixed-market economy. The government manages some buffers (food, oil). And I'd really like to understand how the government "takes half" of your salary. Either you're super rich (probably not), or you're exaggerating.
- chiefalchemist 4y ago
  At first, half sounds like hyperbole, I'll give you that. But then think about all the various taxes we pay directly (e.g., gasoline, internet and phone services, etc.). Then add on the taxes that are embedded in the costs of any of the other goods we buy. It adds up. Finally, if you consider The Fed a government agency, any time The Fed devalues your money (i.e., "prints" money and creates inflation) that's also all but a tax. That is, we have less to spend. It might not be half, but it's certainly significantly more than your income tax rate.
  - freen 4y ago
    Exactly. If you live in a major metropolitan area, or own a home that has rapidly appreciated, well, it all adds up quickly. Also consider: import taxes raise the price of goods, and thus are a wealth transfer from consumers to producers. Sugar is the classic example: import tariffs increase the effective tax burden of the lowest income quartile substantially, as they spend a larger percentage of their income on food. Anything with high fructose corn syrup, sweetener, or sugar is more expensive. And the corn farmers get that money.

chiefalchemist 4y ago

Doomer? When did being honest and realistic become doomer? It's as if you missed the college debt forgiveness. What was that? First, the gov stepped in, manipulated a market, increased demand, etc., and that eventuallyt went sideways. And then it stepped in to pull the plug in that mistake. The POTUS promises the forgiveness program will make buying a home more afford...because the demand he created won't result in higher prices. Huh? The only doom comes from those who can't face facts and keep their heads buried in the sand.

iwillbenice 4y ago
> It's as if you missed the college debt forgiveness. What was that? First, the gov stepped in, manipulated a market, increased demand, etc., and that eventuallyt went sideways. No one with a fucking brain thinks that was a good idea. But that's what Democrats do.