tag:blogger.com,1999:blog-7806136543904112143.post5366639618470118162..comments2023-10-30T09:23:42.803-05:00Comments on Some Assembly Required: SAR #10263Charles Kingsley Michaelson, IIIhttp://www.blogger.com/profile/04364694465614330540noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7806136543904112143.post-24647642297831632092010-09-20T21:00:20.279-05:002010-09-20T21:00:20.279-05:00Re Trade Secrets Was it 20 or 30 years ago that th...<b>Re Trade Secrets</b> Was it 20 or 30 years ago that the FDA ceased to function as the watchdog ensuring food safety and became the watchdog ensuring corporate agriculture profitability? Another reason (if you need one) to avoid chain store produce and buy locally grown from trusted growers . . . if you can.kwarknoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-86920881817444996102010-09-20T15:23:21.620-05:002010-09-20T15:23:21.620-05:00rjs:
i don't disagree with your point that we...rjs:<br /><br />i don't disagree with your point that we did ok with higher tax rates back in the 50s/early 60s, although i'm not smart enough to figure out whether we would have done better or worse had rates been lower. we were at that time certainly still enjoying a major tailwind by virtue of our being the only major industrial power not having undergone catastrophic damage in WWII. <br /><br />(FWIW, the top rates back then applied to incomes over $400k, which is higher than today's top bracket ($300 something k) in nominal terms and equivalent to over $3 million in inflation-adjusted terms (http://stats.bls.gov/data/inflation_calculator.htm)).<br /><br />cheerslinesidenoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-53161947506087501172010-09-20T14:49:20.892-05:002010-09-20T14:49:20.892-05:00re battered wife syndrome:
someone needs to remin...re battered wife syndrome:<br /><br />someone needs to remind the article's author that there there's a difference between correlation and causation. <br /><br />of course there's no way that runaway spending (wars, entitlements, etc.), the fed's nutty interest rate policy, outsourcing production to china, or any number of other factors could have contributed to the "lost decade" as he puts it...nah, it was all caused by the tax cuts.linsidenoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-31137781279383747222010-09-20T10:47:55.903-05:002010-09-20T10:47:55.903-05:00I thought it was a fair comment on the level of di...I thought it was a fair comment on the level of discussion about taxation these days... Still do.<br />ckmCharles Kingsley Michaelson, IIIhttps://www.blogger.com/profile/04364694465614330540noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-38333718584804296172010-09-20T10:01:43.336-05:002010-09-20T10:01:43.336-05:00lineside:
while i was growing up in a middle class...lineside:<br />while i was growing up in a middle class industrial suburb, 1950-63, the top tax bracket was 91%, the rich were not suffering unduly, the country was growing, the monetary system was stable with little inflation, and large families were able to be supported by the labors of one worker...my point is not nostalgic; it's that the high taxes on high incomes were not in anyway crippling; it wasnt until the OPEC oil price shocks in the 70s that we experienced inflation and subsequent stagflation...rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-11580238136879810972010-09-20T08:03:48.802-05:002010-09-20T08:03:48.802-05:00re "quoted":
the silliness of this argu...re "quoted":<br /><br />the silliness of this argument (or is it just a quip?) can be shown by simply inverting it: "if taxing (fill in the blank with your favorite target) a bit more is the key to solving the economic crisis, why not tax them at 100%?"linesidenoreply@blogger.com