Lowest unemployment since the moon landing.

zymurgy said:
JFC retard. we are talking about overall spending - across all sectors increasing. But even in doing so, I am pointing out how historically, even spending on education has skyrocketed.
Click to expand...

When education spending was "skyrocketing" in the 1960's and 1970's, the top tax rate was 90%.

Could that top tax rate of 90% have something to do with the high personal savings rate at the same time?

Because the argument you're stupidly making with the data is that increasing spending on education while increasing taxes will lead to higher personal savings because that is what happened in the 1960's and 1970's.
 
LV426 said:
The economy was never shut down.

What was shut down were some points of access, but commerce was definitely happening during the early days of the pandemic.
Click to expand...

it was shut down. you couldn't go to the movies, get a haircut, eat in a restaurant, see a play, camp in the forest. and on and on and on.

liars got to lie
 
LV426 said:
When education spending was "skyrocketing" in the 1960's and 1970's, the top tax rate was 90%.

Could that top tax rate of 90% have something to do with the high personal savings rate at the same time?
Click to expand...
so more goal post moves lmao

yes, that is why. Excess spending without paying for it honestly but via currency debasement

those on fixed incomes or the poor suffer the most from currency debasement. That is exactly why savings have dropped.
 
LV426 said:
You're so fucking pathetic that you try and bait people on anonymous forums because you ultimately don't know a fucking thing.
Click to expand...

I'm not baiting shit troll boy. you are just pissed because I give you the exact amount of respect you deserve
 
zymurgy said:
you brought up overall spending.
Click to expand...

Check the thread! I did not.

YOU brought up overall spending after you couldn't make a point on education spending.

Now you've completely shut the fuck up about education spending because you realized it contradicts your argument in a pretty hilarious way...

As education spending was "Skyrocketing" in the 60's and 70's, personal savings grew and the top tax rate was 90%.

So the 1960's-1970's proved that low taxes DO NOT lead to increased personal savings, and you can make a correlative argument that high levels of education spending combined with high taxes leads to growth in personal savings because that is what the data shows.
 
zymurgy said:
JFC retard. You are the one claiming it matters.
Click to expand...

What have I actually said?

1. If you cut government spending in one place, you need to make up for it elsewhere, otherwise you've pulled dollars out of the economy, contracting it.

2. Education funding was cut because its share of GDP contracted as GDP also contracted.

3. Education funding "skyrocketed" in the 60's and 70's, the same time the personal savings rate was also increasing, and the top tax bracket was 90%

4. You are a hack.
 
LV426 said:
What have I actually said?

1. If you cut government spending in one place, you need to make up for it elsewhere, otherwise you've pulled dollars out of the economy, contracting it.
Click to expand...

Again - we increase overall spending every year, so when you brought up this need to expand spending - you were just posting shit that had no relevance. We always increase spending

the end. you tried to keep pulling up bullshit - point out to idiotic examples of how states cut spending on education - meanwhile the spending on education per child skyrockets
 
zymurgy said:
Again - we increase overall spending every year, so when you brought up this need to expand spending - you were just posting shit that had no relevance. We always increase spending

the end. you tried to keep pulling up bullshit - point out to idiotic examples of how states cut spending on education - meanwhile the spending on education per child skyrockets
Click to expand...

If you dont like spending, what should we cut? Do you have a clue?
 
LV426 said:
The economy was never shut down.

What was shut down were some points of access, but commerce was definitely happening during the early days of the pandemic.
Click to expand...
The shutdowns started in march of 2020

March 15, 2020
States begin to implement shutdowns in order to prevent the spread of COVID-19. The New York City public school system— the largest school system in the U.S., with 1.1 million students— shuts down, while Ohio calls for restaurants and bars to close.

March 19, 2020
CDC asks healthy people to donate blood if they are able amid a national shortage of blood during the COVID-19 pandemic.

California governor Gavin Newsom issues a statewide stay-at-home order to slow the spread of COVID-19 instructing residents to only leave their homes when necessary and shutting down all but essential businesses.

March 27, 2020
The Trump Administration signs the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. The act includes funding for $1,200 per adult (with expanded payments for families with children), expanded unemployment benefits, forgivable small business loans, loans to major industries and corporations, and expanded funding to state and local governments in response to the economic crisis caused by COVID-19.

May 12, 2020
Dr. Anthony Fauci, the Director of the National Institute of Allergy and Infectious Diseases (NIAID), testifies before the U.S. Senate that experts believe more people have died from COVID-19 than have been officially reported and warns against “re-opening” too quickly.

June 8, 2020
The World Bank states that the COVID-19 pandemic will plunge the global economy into the worst recession since World War II.

https://www.cdc.gov/museum/timeline/covid19.html#:~:text=March 15, 2020,the spread of COVID-19.
 
Last edited:
zymurgy said:
it was shut down.
Click to expand...

No it wasn't. If it was shut down there would have been no economic activity at all, but there was.


zymurgy said:
you couldn't go to the movies
Click to expand...

You could by May in Texas, Florida, and practically every red state.

Access was only "shut down" for about a couple weeks.

And the movies were being released on streaming anyway...The Hunt, The Invisible Man, Black Widow...all avail on streaming.

In 2021, every single WB film was released in theaters and on HBO Max.


zymurgy said:
get a haircu
Click to expand...

You could by May 2020 in Georgia.


zymurgy said:
eat in a restaurant
Click to expand...

You could by May 2020 in most of the country.


zymurgy said:
see a play
Click to expand...

Again, depending on where you live, you could by the summer of 2020.


zymurgy said:
camp in the forest
Click to expand...

Again, depending on where you live, you could by the summer of 2020.

So what you're talking about isn't commerce, it's access.
 
zymurgy said:
so more goal post moves lmao
Click to expand...

I'm starting to think you don't know what that phrase actually means.

You are the one who insisted that low taxes lets you "keep more of what you earn", except that every single data sample proves the opposite.

So instead of reconciling "skyrocketing" government spending with high taxation and high personal savings, you're denying reality and sticking to your dogma even though there is no data or evidence that supports it.

That makes you a zealot.
 
zymurgy said:
yes, that is why. Excess spending without paying for it honestly but via currency debasement
Click to expand...

Except our currency wasn't debased in the 1960's or 1970's and was in fact the strongest currency in the world at the time.

So you have quite the mess to sort through...you insist that tax cuts "lets you keep more of what you earn", but the data says that tax cuts result in lower personal savings.

You try to blame high government spending for low personal savings, but the data shows that when government spending was at its highest, personal savings was also at its highest.

So you jump around from screeching about personal savings (which you knew nothing about) to screeching about education spending (which you also knew nothing about) to screening about the strength of our currency which is yet another thing you know nothing about.

So you just keep hopping from topic to topic because you aren't smart enough to explain the positions you have, or you're just a fucking idiot.
 
zymurgy said:
those on fixed incomes or the poor suffer the most from currency debasement. That is exactly why savings have dropped.
Click to expand...

Nope.

Personal savings have dropped because tax cuts force deficits that cause drops in government spending, forcing those who use it to pay more out of pocket.

There has never been a time in this country where tax cuts ever increased economic activity or generated more revenue than they cost.

Personal savings dropped because people had to take out loans to do things like send their kid to college or pay their medical bills.
 
zymurgy said:
I'm not baiting shit troll boy. you are just pissed because I give you the exact amount of respect you deserve
Click to expand...

No you're baiting and trolling and the reason is because you take it personally whenever someone rejects your stupid beliefs.
 
zymurgy said:
Again - we increase overall spending every year
Click to expand...

Right, but not everything gets a spending increase...so you are lowering the standard of your own argument and debasing it by trying to talk about ambiguous "overall spending".

The reason is because you're just fucking stupid.

Like, really fucking stupid.
 
You must log in or register to reply here.
Back
Top