tag:blogger.com,1999:blog-2761684730989137546.post15693648773409881..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: AFP — International Monetary Fund strongly suggests countries tax the rich to fix deficit mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-80504291436533385132013-10-14T15:36:34.784-04:002013-10-14T15:36:34.784-04:00Tax Fiat, To Supply Fiat!
That's a helluva ef...Tax Fiat, To Supply Fiat!<br /><br />That's a helluva effective campaign poster. Know what I mean, Verne?<br /><br />Sometimes the best success is failure. Especially if you can see it BEFORE hitting it head on.Roger Ericksonhttps://www.blogger.com/profile/17515506247888521516noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-15744828657958795132013-10-12T11:19:52.928-04:002013-10-12T11:19:52.928-04:00OK, so let me get this straight. IMF Managing Dir...OK, so let me get this straight. IMF Managing Director Christine Lagarde, who along with other IMF employees have a special dispensation from having to pay taxes, feels compelled to lecture the world on how the rich should be taxed. <br /><br />http://www.forbes.com/sites/robertwood/2012/05/30/imfs-christine-lagarde-i-dont-pay-taxes-but-you-should/<br /><br />Reminds me of Napoleon the pig from George Orwell's <b>Animal Farm</b> as he raised a glass to toast nearby farmers he had recently entered into an alliance with at a dinner he hosted for them.<br /><br /><b>"All animals are equal, but some animals are more equal than others"</b> The Rombach Reporthttps://www.blogger.com/profile/09982864018333283368noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-51014202595125385052013-10-12T06:58:13.955-04:002013-10-12T06:58:13.955-04:00This comment has been removed by the author.Magpiehttps://www.blogger.com/profile/07528637318288802178noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-21094761728437041592013-10-12T03:51:09.102-04:002013-10-12T03:51:09.102-04:00That IMF idea contravenes the Tinbergen principle....That IMF idea contravenes the Tinbergen principle. I’ve set out more details on that point on my own blog:<br /><br />http://ralphanomics.blogspot.co.uk/2013/10/imf-says-tax-rich-so-as-to-cut-deficit.html<br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-80978546585258801862013-10-12T02:49:58.282-04:002013-10-12T02:49:58.282-04:00"But in its Fiscal Monitor report, subtitled ..."But in its Fiscal Monitor report, subtitled “Taxing Times”, the Fund advanced the idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing income inequalities...."<br /><br />This was a Labour election poster from the 1930's, rightly mocking the same type of nonsense proposed by the high priests at the IMF.<br /><br />http://i.imgur.com/UBGfH43.jpg<br /><br />Over 80 years later and they refuse to acknowledge the failures of their "ideas", its just a never ending stream of stupidity, stupidity that they never have to face the consequences of. They will still be well fed, well housed, with huge salaries and the best of everything from healthcare to education. Yet here they are proposing a continuation of the cuts which are devastating millions of lives.<br /><br />I'm not sure if they're fools or liars, either way their actions, ignorance and arrogance is breathtaking at times, they have no shame. There should be a lot more anger directed at these "experts".<br /><br />Jameshttps://www.blogger.com/profile/07388885044895299757noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-57737861584891225512013-10-12T01:33:20.399-04:002013-10-12T01:33:20.399-04:00Oh my lord. Show me a wealthy person who ISN'T...Oh my lord. Show me a wealthy person who ISN'T bonkers. [Ok, Warren Mosler, but he's not quite "elite" enough to hobnob with LaGarde.]<br /><br />Translation: Unleash public fiat by constraining those 0.1% who are diverting most of it.<br /><br />Well, ok. But how about we just stop CONSTRAINING expression of fiat by the other 99.9%<br /><br />Just lower or remove all the regressive taxes that are constraining net expression of our electorate's fiat?<br /><br />those trying to hoard vs leverage fiat would always see it inflated away.<br /><br />What kind of fool tries to hoard public fiat? Aka, hoard public initiative?<br /><br />Might as well hoard sitting on your butt. Same thing.<br />Roger Ericksonhttps://www.blogger.com/profile/17515506247888521516noreply@blogger.com