$14.5 B Tax Refunds Issued By "error"

hmm still no arguments from your side.

When a forced increase in expenses, no increase in demand or supply, the only option available is #1. There is an economical term for that.

Tell you what, why don't you tell us what that term is, when you claim to have an education.

It's called "put your money where your mouth is."

If you claim to be correct and you know more about economics than I do, or even an education, why not answer this incredibly easy question?

it's simple, it's being tought to raise the price if expenses raise..... but you can also cover the additional expenses by selling more goods.

There is an economical term for that.

Where is that money going to come from? How does it exist? Did production increase from that? Will prices stay the same immediately after the forced income increase of 10%? How much real wages went up by?

I'm sorry, I figured you had some sort of education. A stronger economy is real, not nominal, economic growth. Real economic growth is how much purchasing power one has, how much $1 of your income gives to you.

What you are advocating is nominal economic growth, which is what $1 is.

Did you actually increase your purchasing power, or did you just increase your nominal wages?

1) Taxing the rich will prevent further production and investments from being realized. If you have $100 and have to pay taxes on $40, that means you have $60 left to buy stuff. Well, if you increase the taxes, that means you have less to buy stuff. How is that increasing production, and how is that expanding the economy?

2) How will you pay for those debts? If you borrow $10 to pay somebody else $10, and they produce nothing more, how are you going to pay the $10 back? How are you going to pay the interest if you have no money? You aren't earning anything more, you had to borrow $10 to pay it to somebody else, how in the world are you going to pay it back? And who's going to lend it to you if you have no way of paying it back?

3) You are saying that to solve a problem, you create the same problem again? How are increasing wages again a solution to paying the wage increases?

That quote above just shows how limited your knowledge is. How very limited your knowledge is to the economy. So limited that it is practically zero.

Let's put it this way: Today your pay is $100, and that TV costs $100. Your daily wage is worth one TV.

Now, tomorrow, you get a 10% increase in pay, but to counter it, that TV's price has to increase it's price by 10% to pay you the additional 10% wages. So, tomorrow your pay is $110, and that TV costs $110. Your daily wage is still worth one TV.

Did you really get a wage increase, or do you think you did?

Another example of ignorance. Money is not created by debt. Debt is a transfer of money from one person to another.

Money is "created" by production. It is not created by transfers, it is created by taking a raw product, producing a tangible asset, and trading it for services or a medium commonly used in exchanges (cash).

There is so much wrong with this quote that it would be impossible to counter it without teaching Economics 101.

Where did you win again?

And you still haven't answered my question from earlier.

What is that economical term that I'm talking about?

Why are quoting something as written by me, when i have never written it?

Congratulations, you have proven that everything you said is incorrect, and that you have no real knowledge of economics at all.

The term is called "inflation." It happens when price rises, but production/purchasing power does not increase at the same rate as the price. This concept is something that anyone who takes an economics class would know on their first day of class.

for question number 1:
if you repealed the 16th amendment and established state banks like north Dakota , you would receive your full pay check with no federal income tax being taken out you would also being paying 40-30% less taxes then you currently are. This benefits companies and everyone in the state. This could create more jobs via town-city-state lvl. Currently with what we get now say you could only afford 1 nice car, well with that 16th amendment repealed you receive your hard earned money you could buy 2 new cars if you chose or 3 roughly for comparison. Your paychecks in general would go a long way per week, or bi weekly or salary.
Federal government does not specifically know what each state needs, the states themselves know better. But it is a obvious fact the 49 states inline with the federal reserve are in dire need of life support.

with all of that said, there was no point in there that i said taxes would increase or our national debt would increase. It would have the opposite effect, taxes would decrease significantly, and our national debt would shrink. Then finally we would have a simple tax code that makes sense and is equal across the board based on income.

okay, you're doing a wrong quote, i ask you, why you are doing a wrong quote and now you're answering it with, me "not having a clue about economics"...... what does this make you, a *** or a moron?

The term is called "inflation." It happens when price rises, but production/purchasing power does not increase at the same rate as the price. This concept is something that anyone who takes an economics class would know on their first day of class.

Companies have 4 options.

1. same production + "high" increasing of the price.
2. "high" increase of the production + keeping the price.
3. "mid" increase of the production + "low" increase of the price.
4. "low" increase of the production + "mid" increase of the price.

it depends on what the companies choose to do.

It happens when price rises, but production/purchasing power does not increase at the same rate as the price.

have you read a single post of mine?



ta-daaaaa option 3 & 4 >.>

It happens when price rises, but production/purchasing power does not increase at the same rate as the price.

Keep digging that hole.

made an edit.... nice you figured, that a raise in price in called inflation (y), this makes you a totally economics expert....

since you haven't figured it yet, i stated reasons for price-inflation (price increase) ;)

You still don't realize your error, don't you?

Stop feeding the troll.

Stop feeding the troll.

14,500mil/316mil people. 45.88$ out of everyone's pocket...
nice

id probably goto jail if someone tried to grab that out of my pocket under normal circumstances.

Can someone sum up Alukat's views in a single post?

Preferable Alukat.

improvement in technology is the only way to improve standard of living

We need to set priorities. (living standard vs. gross national income) High GNI doesn't automatically lead to a high living standard for all people.

We need to consider short term solutions to minimize damages/prevent more problems untill the long-term solutions are having an effect.

I'm prefering a hybrid of capitalism and socialism.

"The cake is a lie" (the "wealth for all" capitalism lie)

the way money is being created is a scam and will always lead to economical crisises.

i guess this summary will do the job ^^

improvement in technology is the only way to improve standard of living