An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Mark Cuban can’t get rid of the thought that “his” tax dollars is not what will pay for a JG. He also starts with the argument that he’s all for more efficiency but later when it’s established that being unemployed is really inefficient he just waves it away as quickly as he can to start babbling about he doesn’t want his tax dollars to go to this or that. He also talks about others with power at the same time as himself tries to hold on to power through the argument “I pay a lot of tax dollars, I don’t want them to go to..”
Cuban's comments are jibberish. And he's gotta be one of the luckiest guys around. He sold his company to Yahoo at the peak of the Dot Com era for $5 bln. That choked Yahoo to near death. Then he bought the Dallas Mavericks with Ross Perot's money. What else has he done? Shark Tank? It's like he won the lottery.
Mike he sold “broadcast.com” to yahoo back during the whole dot com thing ...if you type in “broadcast.com” in today it just redirects to yahoo.com....
"I pay a lot of tax dollars, I don’t want them to go to"
That's one of the reasons why we need to eliminate the income tax and shift the tax to corporations and hiring. So that rich people stop thinking they get more of a say because they get "taxed a lot".
They need to start to realise that it is the amount of time made available to others that is the contribution to society and that "tax dollars" have the same standing in society as sewage.
Cuban's hours are no more important than those in the unemployment queue.
"That's one of the reasons why we need to eliminate the income tax and shift the tax to corporations and hiring. So that rich people stop thinking they get more of a say because they get "taxed a lot"."
Neil, who owns the corporations?
... and then they'll also say that since they provide most of the jobs, on top of their corporations paying the tax, they should even have a greater say.
PS: Ions involve electrons, isotopes involve neutrons. Also need to distinguish between mass number and atomic mass. You'd be surprised how many kids finish a high school course in chemistry and still don't get the difference. Also learn the different types of chemical reactions; there are only 5 of them and believe it or not, the combustion reactions are the easiest. You see, to ace college chemistry (or any college subject), you need a solid understanding of the subject in high school. And before you know it, you're in med school :)
Largely pension funds. Rich people sell the shares to pension funds to get their "out".
Don't forget the MMT way of taxing people. You tax people, but you get corporations to pay the money over. People don't then need to see the tax, but the tax is notionally on the person not the corporation. The corporation, as such, doesn't then pay any tax.
As to jobs, that's what the Job Guarantee is for. "what about the jobs" has no bit when there is a guaranteed alternative.
This art degree stuff is so silly it is embarrassing to listen to. You can't get an MD without taking organic chemistry, which is the usual killer course to winnow out the hopeful pre-meds.
This is a geometric analogy of how you Art degree people are trained to think and operate:
Let’s look at a cartesian Coordinate system (2D)...
The target by law is at (0,0)...
So their are 2 Art degree people A and B... A takes a shot and hits (3,3), B takes a shot and hits (-3,3), so then A says “my shot is the best way to do it!”, then B says “no, my way is the best way to do it!” , so then these 2 dialog and argue for a while and then eventually synthesize their shots and meet at (0,3) ... then high five each other even though the shot is still 3 units off the target....
In contrast:
I am science trained, I take a shot and hit (3,0), I examine that and I discriminate a miss, discard that shot and I make an adjustment of (-3,0) and hit the target dead on...
You guys should all be completely banned from having anything to do with real outcomes...
It doesn’t call for that type of analysis I don’t think... iow it’s not that complicated...
We’re talking some basic stuff ... like Mike makes the point about kashkari not understanding basic National Income Accounting and spewing nonsense on the Sunday morning network shows... pretty bad...
Hi Mike, He’s at very beginning stages of understanding MMT. I like him. He’s conversed with me by email for months. He’s down as fuck for black people. He truly gives a shit and is doing a lot to help people and that’s his major concern. I’m a Mavs fan, dallasite, and all my people are freaking out that I was able to recruit him for this.
25 comments:
Mark Cuban can’t get rid of the thought that “his” tax dollars is not what will pay for a JG.
He also starts with the argument that he’s all for more efficiency but later when it’s established that being unemployed is really inefficient he just waves it away as quickly as he can to start babbling about he doesn’t want his tax dollars to go to this or that. He also talks about others with power at the same time as himself tries to hold on to power through the argument “I pay a lot of tax dollars, I don’t want them to go to..”
Cuban's comments are jibberish. And he's gotta be one of the luckiest guys around. He sold his company to Yahoo at the peak of the Dot Com era for $5 bln. That choked Yahoo to near death. Then he bought the Dallas Mavericks with Ross Perot's money. What else has he done? Shark Tank? It's like he won the lottery.
A waste of Pavlina's time.
Armchair diagnosis: Narcissist
Mike he sold “broadcast.com” to yahoo back during the whole dot com thing ...if you type in “broadcast.com” in today it just redirects to yahoo.com....
S, that is the textbook libertarian reaction... they are biased towards anti-authority....
He’s probably into gold too... maybe guns...
"I pay a lot of tax dollars, I don’t want them to go to"
That's one of the reasons why we need to eliminate the income tax and shift the tax to corporations and hiring. So that rich people stop thinking they get more of a say because they get "taxed a lot".
They need to start to realise that it is the amount of time made available to others that is the contribution to society and that "tax dollars" have the same standing in society as sewage.
Cuban's hours are no more important than those in the unemployment queue.
"That's one of the reasons why we need to eliminate the income tax and shift the tax to corporations and hiring. So that rich people stop thinking they get more of a say because they get "taxed a lot"."
Neil, who owns the corporations?
... and then they'll also say that since they provide most of the jobs, on top of their corporations paying the tax, they should even have a greater say.
PS: Ions involve electrons, isotopes involve neutrons. Also need to distinguish between mass number and atomic mass. You'd be surprised how many kids finish a high school course in chemistry and still don't get the difference. Also learn the different types of chemical reactions; there are only 5 of them and believe it or not, the combustion reactions are the easiest. You see, to ace college chemistry (or any college subject), you need a solid understanding of the subject in high school. And before you know it, you're in med school :)
"Neil, who owns the corporations?"
Largely pension funds. Rich people sell the shares to pension funds to get their "out".
Don't forget the MMT way of taxing people. You tax people, but you get corporations to pay the money over. People don't then need to see the tax, but the tax is notionally on the person not the corporation. The corporation, as such, doesn't then pay any tax.
As to jobs, that's what the Job Guarantee is for. "what about the jobs" has no bit when there is a guaranteed alternative.
“ Neil, who owns the corporations?”
Government employee pension funds...
“ And before you know it, you're in med school :)”
Fauci probably never even took Chemistry in his life... he has an Art degree in “Classics” from Holy Cross .... wtf that is....
passive investors
"Fauci probably never even took Chemistry in his life... he has an Art degree in “Classics” from Holy Cross .... wtf that is...."
There is wisdom in the classics, Matt.
Doctor Anthony Fauci, AWARDS:
Maxwell Finland Award (1989)
Ernst Jung Prize (1995)
Lasker Award (2007)
Medal of Freedom (2008)
Robert Koch Prize (Gold, 2013)
You see?
https://en.wikipedia.org/wiki/Anthony_Fauci
No wonder he never retires...
This art degree stuff is so silly it is embarrassing to listen to. You can't get an MD without taking organic chemistry, which is the usual killer course to winnow out the hopeful pre-meds.
but later when it’s established that being unemployed is really inefficient S400
Actually, it's injustice that's inefficient, as will inevitably become evident*.
*.E.g. if "40 acres and a mule" had not been reneged on wrt former slaves after the Civil War, racial discord would have ceased long ago in the US.
” Actually, it's injustice that's inefficient, as will inevitably become evident*.
Injustice as in getting poor land when handed out as you want. Very inefficient indeed.
Injustice as in getting poor land when handed out as you want.
S400
Land distribution would be done as fairly as possible.
Besides, financial reform is also called for and would:
1) Provide an equal Citizen's Dividend to replace all fiat creation for private interests such as for banks and asset owners.
2) Greatly reduce the US trade deficit via negative yields and interest on inherently risk-free US sovereign debt.
“This art degree stuff is so silly “
Education is important.... including methodology... rigor.... discipline... all aspects..,,
This is a geometric analogy of how you Art degree people are trained to think and operate:
Let’s look at a cartesian Coordinate system (2D)...
The target by law is at (0,0)...
So their are 2 Art degree people A and B... A takes a shot and hits (3,3), B takes a shot and hits (-3,3), so then A says “my shot is the best way to do it!”, then B says “no, my way is the best way to do it!” , so then these 2 dialog and argue for a while and then eventually synthesize their shots and meet at (0,3) ... then high five each other even though the shot is still 3 units off the target....
In contrast:
I am science trained, I take a shot and hit (3,0), I examine that and I discriminate a miss, discard that shot and I make an adjustment of (-3,0) and hit the target dead on...
You guys should all be completely banned from having anything to do with real outcomes...
Or you could use calculus to derive a curve that interests (3,0) and (0,0)
It doesn’t call for that type of analysis I don’t think... iow it’s not that complicated...
We’re talking some basic stuff ... like Mike makes the point about kashkari not understanding basic National Income Accounting and spewing nonsense on the Sunday morning network shows... pretty bad...
Calculus is mainly used for time domain analysis...
You could leave time completely out of the equation and these people would still be making the same kind of errors ...
That Cash 'n carry guy had the narrative down pat. You get paid for parroting the narrative.
Hi Mike,
He’s at very beginning stages of understanding MMT.
I like him. He’s conversed with me by email for months. He’s down as fuck for black people. He truly gives a shit and is doing a lot to help people and that’s his major concern. I’m a Mavs fan, dallasite, and all my people are freaking out that I was able to recruit him for this.
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