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Completely Unwoven: Business, Economics, and Tax Policy 4.0
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
A thought experiment for the macro-economically literate among us. What can Bernie do to the banksters if he actually wins? Let's also assume for this counterfactual he even has a like-minded Congress and Court and a portable force field so he can't be CIAed.
Is there a way back from the stranglehold of Wall Street financial firms on US government fiscal and monetary policy? What does a post-bankster American economy even look like?Cornell University
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
Originally posted by Kepler View PostA thought experiment for the macro-economically literate among us. What can Bernie do to the banksters if he actually wins? Let's also assume for this counterfactual he even has a like-minded Congress and Court and a portable force field so he can't be CIAed.
Is there a way back from the stranglehold of Wall Street financial firms on US government fiscal and monetary policy? What does a post-bankster American economy even look like?Code:As of 9/21/10: As of 9/13/10: College Hockey 6 College Football 0 BTHC 4 WCHA FC: 1
Originally posted by SanTropezMay your paint thinner run dry and the fleas of a thousand camels infest your dead deer.Originally posted by bigblue_dlI don't even know how to classify magic vagina smoke babies..Originally posted by KeplerWhen the giraffes start building radio telescopes they can join too.
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Originally posted by dxmnkd316 View PostI think there is. It's not going to happen overnight. It took decades to build and will take many more decades to disassemble. Or rather, reform.U-A-A!!!Go!Go!GreenandGold!
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Originally posted by UAFIceAngelBut let's be real...There are 40 some other teams and only two alaskan teams...the day one of us wins something big will be the day I transfer to UAAOriginally posted by Doyle WoodyBest sign by a visting Seawolf fan Friday went to a young man who held up a piece of white poster board that read: "YOU CAN'T SPELL FAILURE WITHOUT UAF."
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
Originally posted by Jimjamesak View Post
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Originally posted by Kepler View PostA thought experiment for the macro-economically literate among us. What can Bernie do to the banksters if he actually wins? Let's also assume for this counterfactual he even has a like-minded Congress and Court and a portable force field so he can't be CIAed.
Is there a way back from the stranglehold of Wall Street financial firms on US government fiscal and monetary policy? What does a post-bankster American economy even look like?
Now, to the extent that one bank failure could systematically cause them all to fail regardless of size since they're all interconnected, you can never eliminate that risk entirely. But it helps if they know they won't be bailed out automatically if/when they do fail.
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
Originally posted by GrinCDXX View PostYeah, I don't see how this is even a question. Nationalizing all the things comes on day one, doesn't it?
The obvious first step is to break up any institution that is too big to fail and restore effective measures to prevent (and punish) collusion. Changing the legal code to impose real criminal penalties on white collar criminals would help as well -- after all, without deterrents they'll still steal. And the overall change of direction of capping wealth at only disgusting rather than ludicrously disgusting levels would at least diversify the criminal field and get them fighting against (and ratting out) each other.
How do you go after any Mob? Give the small fry immunity to testify, throw the big fish away for life, and close down the inter-generational conveyor belt that keeps producing one cohort after another of well-conditioned crooks. That would about wrap it for the Eight Schools Association.Cornell University
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
Originally posted by Kepler View PostA thought experiment for the macro-economically literate among us. What can Bernie do to the banksters if he actually wins? Let's also assume for this counterfactual he even has a like-minded Congress and Court and a portable force field so he can't be CIAed.
Is there a way back from the stranglehold of Wall Street financial firms on US government fiscal and monetary policy? What does a post-bankster American economy even look like?
It's not even guaranteed to be necessary that these divisions have to be made anymore with the passage of Dodd-Frank in addition to Sarbanes-Oxley before that. There are a great many more restrictions on how the various components of these corporations can interact than there were just a few short years prior. The people in charge, for whatever reason, don't advertise just how much Dodd-Frank changed the game during implementation that was never really advertised during its passage. For instance, I work for a large bank. Should I decide to move, to both sell my home and buy a new one, I have to be careful when choosing a real estate company because it could be considered a conflict of interest for me to use one that's owned by my employer. I have to literally make use of a competitor's firm. Ten years ago it wasn't a concern in the least. Yes, this is a little thing in the grand scheme, but there are a lot of these little things that aggregate to form large barriers."The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984
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"Good news! We have a delivery." Professor Farnsworth
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
Originally posted by Kepler View PostWell, Bernie's already said he has no interest in nationalizing heavy industry as was contemplated in the mid 20th Century. In Finance it's insanely complicated, since assets are diverse and in many ways non-material (typically one is buying alleged acumen and stability, not physical resources). For example, I don't know how one would go about nationalizing banking.
The obvious first step is to break up any institution that is too big to fail and restore effective measures to prevent (and punish) collusion. Changing the legal code to impose real criminal penalties on white collar criminals would help as well -- after all, without deterrents they'll still steal. And the overall change of direction of capping wealth at only disgusting rather than ludicrously disgusting levels would at least diversify the criminal field and get them fighting against (and ratting out) each other.
How do you go after any Mob? Give the small fry immunity to testify, throw the big fish away for life, and close down the inter-generational conveyor belt that keeps producing one cohort after another of well-conditioned crooks. That would about wrap it for the Eight Schools Association.
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
Originally posted by Kepler View PostAnd the overall change of direction of capping wealth at only disgusting rather than ludicrously disgusting levels.
I do agree with you on the concept, however, it seems to me that social sanction not government mandate has been far more effective. Most "obscenely" wealthy people donate astonishing amounts to charity. Andrew Carnegie might be the best example, but there are scores more. Even Mitt Romney gave more money to charity than he paid in income taxes, and so he agreed with you that from a social perspective, his taxes were "too low" and he imposed a tax upon himself accordingly.
You have such a naïve faith in government, how is it warranted? on one hand you rail against the evils of "big corporations" but I cannot see any difference whatsoever between "big corporations" and "big government" except the latter has far more power to control our lives. People who work in government are motivated by self-interest as much as or more as people who work in big business, so why would giving one of them more power produce any better results than giving the other more power when they are pretty much indistinguishable from each other to begin with."Hope is a good thing; maybe the best of things."
"Beer is a sign that God loves us and wants us to be happy." -- Benjamin Franklin
"Being Irish, he had an abiding sense of tragedy, which sustained him through temporary periods of joy." -- W. B. Yeats
"People generally are most impatient with those flaws in others about which they are most ashamed of in themselves." - folk wisdom
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
Originally posted by unofan View PostTeddy Roosevelt trust busting. Break out the Sherman Act and force the big banks to split up. It's not the money, it's the concentration that's the problem. A bank whose failure will crash the world economy is too big to exist as a matter of national security.
I mistrust big business as much or as more than you do.
I consider government merely to be another business, and so naturally I distrust big government as well.
One of the core functions of a limited government would be anti-trust enforcement, as business left unchecked will always become "too" concentrated, it is easier for a more efficient producer to buy a less efficient producer's resources than it is to keep competing with them, and it is better for the less efficient producer to sell rather than to keep losing market share and suffer declining profits. As in Highlander, left unchecked, big business also believes "there will be only one" in the end. That's not good for the rest of us.Last edited by FreshFish; 02-11-2016, 01:00 PM."Hope is a good thing; maybe the best of things."
"Beer is a sign that God loves us and wants us to be happy." -- Benjamin Franklin
"Being Irish, he had an abiding sense of tragedy, which sustained him through temporary periods of joy." -- W. B. Yeats
"People generally are most impatient with those flaws in others about which they are most ashamed of in themselves." - folk wisdom
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
I'd rather see changes to the products a "bank" can offer. If a bank is just a bank the size of it becomes less worrisome and they may naturally begin to shrink in size. Change wall street to limit investment options to actual investments and move everything that is essentially legal gambling to Vegas casinos to run and tax the bejeezus out of gambling winnings.
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
Originally posted by jerphisch View PostI'd rather see changes to the products a "bank" can offer. If a bank is just a bank the size of it becomes less worrisome and they may naturally begin to shrink in size. Change wall street to limit investment options to actual investments and move everything that is essentially legal gambling to Vegas casinos to run and tax the bejeezus out of gambling winnings.Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
Congress does something sensible, and the President actually agrees.
On Thursday the Senate finally passed—and the White House said the President intends to sign—a permanent extension of the Internet Tax Freedom Act.
After a series of short-term extensions since the ban was enacted in 1998, federal law will now protect against state and local governments imposing taxes on Internet access services or email."Hope is a good thing; maybe the best of things."
"Beer is a sign that God loves us and wants us to be happy." -- Benjamin Franklin
"Being Irish, he had an abiding sense of tragedy, which sustained him through temporary periods of joy." -- W. B. Yeats
"People generally are most impatient with those flaws in others about which they are most ashamed of in themselves." - folk wisdom
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Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0
No.
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