tdsrnest wrote:
Right wing on OPP are not interested in a common sense discussion there great at insults.
I was called an idiot because I disputed a right winger on OPP that all Obama had to do to correct the Bush recession was do exactly what Bush was doing for 8 years. Wow and I am an idiot
I wasn't in on that discussion, but the idea that a US President has any economic control beyond government spending and business regulation is frankly ludicrous. All any government can do in a free market is buy and sell, just like any other participant. The economic problem for government is that
they produce exactly zero and therefore are obliged to extract funds from the actual producers in order to buy anything. This is called taxation, and takes several forms:
The first, and most 'old-fashioned' way, is to strong-arm funds from the populace by the use of threats and coercion. This is only truly effective against an unarmed populace, for obvious reasons. It is open to widespread fraud, mostly perpetrated by the 'collectors', and is highly inefficient.
The second, and somewhat more modern way, is to attach a percentage levy to certain business transactions. These may be external, as in import taxes, or internal, as in sales taxes. Both rely on honest record-keeping as a prerequisite, and are difficult to enforce. They do, however, reduce the target population to those business owners who are either in import/export or retail operations, and therefore are more efficient than robbing the general public at gunpoint.
The third, and most effective, efficient and controllable, is to create money out of thin air, and spend it into the economy where it reduces the buying power of the currency already in existence. This is a relatively modern phenomenon and is called the inflation tax. The main requirement in setting up such a system is a monopoly central bank, backed by legal tender laws that force the populace to accept this fiat money in payment, such as exists in the contemporary United States. This removes the impediments seen in the first two methodologies, and is applicable to anyone unfortunate enough to be in possession of the currency being inflated; in other words, the entire populace, men, women, and children. This is much more than a simple tax on 'profits'. It is an insidious devaluation of the currency, affecting all modes of commerce, but not all equally:
Savings are devalued over time at whatever rate the currency is inflated by. A saver who sets $1 per year aside in savings will be unable to maintain purchasing power of that dollar after the 25th year because of the 4% (under 'normal' circumstances) rate of currency inflation, and in the 26th year, will be losing purchasing power unless the rate of saving is increased by 4% per year to keep pace with inflation. That is just to maintain the same purchasing power. It is a fact that $1 now will buy the same things that less than 4 cents could buy in 1913. Not one person in 1000 is able to come to the understanding of how this system is not only sapping their business endeavors, but is also siphoning away their savings, and that's how they get away with it.
So, no, you're not an idiot. Whoever told you that is the idiot for not understanding what you were saying. You are, however, seriously misled in your understanding of the mechanisms of government and its effects on the wider population. Hope this helps to remedy that.