Quote:
Originally Posted by Tyrone Slothrop
Sebby was saying that the good thing about the Electoral College is that it somehow prevents democratic fiscal irresponsibility. I was pointing out that the track record is clear that Democratic Presidents have been more fiscally responsible, so that if Sebby really cared about that sort of thing, he'd have a problem with the Electoral College.
I was not denying the existence of Newt Gingrich, though wouldn't that be nice. If you posit a Newt Gingrich, you should always vote for a Democratic President, because that sort of a Republican Congressman will go for wanton and reckless budgets under a Republican President.
|
Democrats have been more fiscally responsible -- toward obligations to the unproductive poor. The GOP has instead favored unproductive wealth. Neither is of much use.
Giving money to either has a limited multiplier effect. The poor just piss whatever they get away at big boxes, or to rentiers (landlords, student loans, etc.) perpetuating their marginalization. And the Ds and Rs generally serve the same corporate masters in the end through subsidies, etc.
The best policy is to find a way to create non-rent economic activity. This is done by relaxing taxation on the $150k-1.0k crowd. These folks drive the smaller economic events that power the economy in aggregate.
And raise cap gains by 10%. And slap a tax on all financial transactions a la Warren. The market's enjoyed a fraudulent windfall due to fed intervention - consider this a windfall tax. I'm not bitching about not being able to use PPP as a deduction. I'd like to do so, but I see how this is an unfair windfall. Should I be a (British usage) cunt like Steve Schwartzman and compare that tax loss to the Holocaust, as he did a rollback of carried interest?
Can I put it more bluntly than to say the enemies of this country's future are the dumb poor and the nihilist oligarchs? I think Stealer's Wheel wrote a song about it...
Tarentino featured it in a movie.
