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« Economic doldrums | Main | Ellen Aprill's Analysis of the "American Issues Project" (Swift Boat financed) Ad against Obama »

September 05, 2008

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Don Pedro of Economists for Obama

This of course has been a primary source of frustration to Economists for Obama. Please see our most recent post on the topic here:
http://econ4obama.blogspot.com/2008/09/obama-tax-policy-and-mccain-tax-policy.html

Independent
Simon

In the end it depends what engine you think drives the economy. If it is stateless multinationals you run the mccain way and try to make it as comfortable for them than it is in Asia where unions and minimum wage are state enemies or the people where human development and internal economics are first.It is inefficient to do both

Howard

In an ideal world, complete cooperation between different countries creates roads paved with gold, leading to a global utopia. But, historically, and in the real world, human nature and nationalism seem to return individual country's to a goal of self interest and national security. Rogue leaders and unexpected events, such as Putin and Georgia ... Iran, atomic bombs, terrorists and Israel ... Chavez's ambitions ... Al Quada ... Chinese expansion ... etc., always seem to upset the international apple cart of idealists. In addition, we should not take for granted our 200+ year experiment of freedom and capitalism, and be so willing to gamble it away for a socialistic notion which stifles the individual innovation and initiative which made this country great ... and a standard of living which makes everyone around the world want to live here!

[edited 101308 by ataxingmatter to remove the commenter's statements about Obama, which repeated the McCain-Palin fearmongering personal attacks.]

LindaMBeale

Howard
please be careful in posting a pure campaign statement without providing sources for your information. I have deleted those portions of your comment.

In response to the tax comments:

We have a 200+ experiment, but we are not a country of pure capitalism. People often make the mistake of assuming that democracy inherently goes with capitalism or vice versa. In fact, many democracies have quasi-socialist policies in place to assure protection of those at the bottom. It could be said that China has adopted a form of capitalism, but it is a far cry from a democracy.

Taxing the very rich more than we tax people at the bottom is not in any way foreign to this country. It has been accepted as a key concept of the federal income tax since its inception, and is supported by the vast majority of American people in survey after survey. It is in fact necessary as one of the tools in preventing concentration of income and wealth so powerful that democracy becomes unsustainable. (That is of course also an important reason for retaining and making more powerful the estate tax, since dead people don't have any need for their wealth, and their heirs don't have any inherent right to it.)

Having a democratic system based on balanced capitalism does not stifle innovation--in fact, it encourages innovation because the government is better able to fund the kind of basic research that underlies most innovation than individuals are. Basic research is the backbone of innovation and entrepreneurship.

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