... and I thought you were beginning to see the light in the sound reason behind raising taxes...Yesterday I thought we were making progress, then I come back today and see that you slept on it and have reverted to mean. Leopards and spots springs to mind. What happened to thinking outside the box. Everyone knows what doesn't work, how about some new ideas. I hope your trading has improved from the days of the Dow Threads where every single thing you said and did was wrong. Remember all that ?
Where did you learn to drive. I'd recommend IAM for some one - advanced as your good self. Don't forget to comment on hazards of watching 3D ec%my through a pri$im at 45 d3gr33 angle...to be honest I think this is a 2D or a 3D discussion for what is actually a 5D or 6D problem. Yes Atilla, an a 1D economy raising taxes will reduce defecit / increase surplus. But in a 2D economy, 10% of $10trl is better than 20% of $15trl. And, of course, tax rates are never unifirm, so you need to know whether to put a steepener or a flattener on. And, of course, you need to know (or guess) how the short end and the long end are going to react - raising taxes on the wealthy may increase tax revenues, but equally decreasing tax levels on net debtors may well accelarate any deflatio9nary cycle.
It just isn't anywhere near as simple as "charge more -> increased profits"
(and in reality its a 12 or 13D proble)
No billion pound wacky ventures full stop .... as you are simply piling on inefficiencies that future generations will have to deal with.And you're right, no billion pound wacky adventures until all debt is cleared.
I said UK was pursueing correct policy. I don't dispute it.But Atilla, we've increased taxes, and national debt has risen. Despite tax increases, VAT et al, various cuts, and even more planned cuts, the deficit increased. Add to this the social unrest of the recent riots, the massive unemployment, particulary among young people, alarming inflation and low GDP growth. It's not working. They are trying what you suggested and it's not working. If you find yourself in a hole, stop digging. Maybe try something else.
There is no sound reasoning for raising taxes. Theres plenty of good reasons to lower them though. Incentives people to work harder, make more money and indirectly pay taxes through their personal spending.... and I thought you were beginning to see the light in the sound reason behind raising taxes...
Re: trading, agreed and I paid my dues reow trading. I'm now purely a technical trader.
I notice you are not doing too well on FX trading...
Again, good post, there is a natural stabiliser. As I see it though, the politicians interfere with the natural stabilisation in the wrong direction, which makes it more unstable. I'd suggest that lowering taxes in bad times and raising in good will make things more stable. However, if the suggestion is that government don't interfere at all, then I'm not entirely against that, as long as they do it consistently in both boom and bust. Sadly it's unlikely. The idiots will want to govern even when it's not needed. And CV is right that the state needs drastic slashing. Again unlikely though.No billion pound wacky ventures full stop .... as you are simply piling on inefficiencies that future generations will have to deal with.
I guess what you are proposing is a similar thing to what Merkel & Sarkozy were discussing & to enshrine balanced budget into the European constitution.
Remember Shakone that the economy has a natural stabilizer in place anyway. During boom times governments will tend to generate surpluses whilst during bad times, budget deficits & increased social payments will automatically have a stimulative effect. there is no need to raise taxes ..... no need messing around with your trade once you're in
1) Raise taxes:Giving up the will to live...
Look policy is simple...
1. Raise Taxes
2. Reduce Spending
3. Mild inflation > interest rates
Hey presto debt paid off in no time.
Anything else is pissing in the wind...
Dude... Let time settle the score... We'll see outcome in another couple of years time...So, as you become impoverished by having to pay more money for your food, more money for your gas, more money for your electricity, more money for your clothing, more money for your petrol, more money for your rent, and more and more taxes while earning less income on your savings, just say to yourself that Atilla thinks it is all wonderful. None of this will fix the economy.