Was this the biggest meme of the 20th century?

>>2606262
JUST

>>2606262
There are certainly bigger memes but it was one hell of a scheme. It's actually kind of hilarious there are still people that buy into Reaganomics as anything but a heist developed by his cronies.

>>2606262
It's still seen as undeniably true by a lot of people.

>>2606262
The holocaust.

Conspiracy theorists exaggerate the extent to which world leaders are "puppets", but that was more true for Reagan than any other U.S. president before or since. Basically a mouthpiece for militarists and voodoo economists who was worshipped by the public because he memorized some bullshit debate zingers.

>Carter explains why Reagan is wrong and a fucking idiot
>Reagan: HURP DURP THERE YOU GO AGAIN *wins 45 states*

>>2606262
The moon landing

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>>2606285
>It's actually kind of hilarious there are still people that buy into Reaganomics as anything but a heist developed by his cronies.
>>2606296
>It's still seen as undeniably true by a lot of people.

I studied economics. The Laffer Curve is real, meaning that at some rate of taxation increasing the tax rate will actually decrease the amount of tax collected by the government (and also depress economic activity).

It's fairly easy to understand. There's a curve on a graph of tax revenue vs. tax rate. If you are on right of the peak of the curve then cutting taxes WILL increase tax revenue (and also stimulate the economy). If you are on the left of the peak of the curve though then cutting taxes will cause tax revenue to fall. In other words what you should do depends on where you are on the curve.

The reason for this relationship is that past that threshold tax rate represented by the peak on the curve, some people that don't have to work stop working (because it isn't worth it with so much of their income being taxed). And so tax collection falls.

Here's what went wrong: Reagan and Laffer thought the peak of the curve was quite low, somewhere around a 30% tax rate. Because of that they thought they were on the right side of the curve and could cut taxes to raise revenue and stimulate growth. In reality they were on the left side of the curve and so cutting taxes only reduced tax revenue (and caused a budget deficit).

Subsequent studies have shown in the US the point of the curve is really around 70%.

>>2606262
No the retarded Star Wars thing he wanted was a bigger meme.

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>>2606342
Ty based anon. I learned a thing.

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>>2606342
This is how Laffer and Reagan (incorrectly) imagined the curve. Notice how it is slanted completely the opposite way to the real one.

>>2606262
>Was this the biggest meme of the 20th century?
Communism was, Neo Liberalism is a close second.

>>2606342
This is basic economics and borderline common sense but the point being made is that Reagan, read the people who actually told him to sell this policy, knew quite well that the curve was on the upper end of the scale and specifically marketed it to benefit themselves as much as possible.

>>2606376
>knew quite well that the curve was on the upper end of the scale

No. Laffer was sincere, he has always just been naively optimistic.

e.g. BTFO by Peter Schiff:
https://www.youtube.com/watch?v=9BND3F1KfZ0

>>2606362
But Communism is a meme of the 19th century.

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>>2606450
Don't remind me.

>>2606342
>Subsequent studies have shown in the US the point of the curve is really around 70%.
What will this actually translate to? In terms of tax rates and policies

but it did workm because there was an industrial boom in the 80s

the thing that really fucked the economy were "free trade" deals that shipped the backbone of the middle class(factory jobs and small businesses) to china

blame NAFTA and the rest of those shit memes

>>2606450

No, it was only a theory back then. The events following 1917 made it a meme.

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>>2606468
Oh shit I've this

>>2606489
The economic boom of the 80's was mainly a pay off from Volcker and Carter's policies, despite Reagan's nonsense.

This is also why he left the economy spiraling into a recession for H. W. Bush when he left office.

>>2606489

Deindustrialization waaay predates FTAs, though those didn't help. Blame the end of Bretton-Woods.

>>2606262
Why do people say that Regan was a crook instead of saying he was wrong.

>>2606500
the fuck does Hegel have to do with Marx or Pol Pot?

>>2606788
Seriously anon? You have no idea about Hegel and Marx?

>>2606511
>carter
>doing anything good

yeah na

Cold War.

>>2606762
I just say he was an idiot.

>>2606902
Well...

>>2606342
>labor tax
it's capital gains that needs heavy taxation though

>>2606415
>peter schiff
kys

>>2606788
>what does Marx have to do with Hegel

>>2606924
Piketty pls go

>>2606482

In case the policy was to maximize tax revenue like a feodal lord income taxes and whatnot would be at 70% at the upper end.
On the other hand most parties would rather keep the rates somewhat lower in order to please voters.

>>2606947
Neoclas pls go

>>2606352
People is such a cunt.

If the state taxed them highly must be for a reason.

I mean you dont get to keep money but the state provides you with evrything.

So why would people avade high taxation? Because they are selfish pieces of shit and parasites. If the state takes 80% of "your" money so be it you have all public services and dont forget the less fortunate who cant pay enough taxes to pay for all they recieve.

>>2607459

t. Misinformed 16-21 year old.

>>2606262

Gommunism. I know it was minted in the n19th century, but the 20th was dominated by Gommunist regimes and ideas.

>>2607923
t. selfish man

What Im saying is correct

>>2606947
He is right. Capital tax is a rich man's tax

>>2607006
So a 70% tax is the limit at which the government can be as efficient as the private sector in doing shit?

>>2606762
He and his buddies had the most to gain for being 'wrong'

>>2608009
>can be as efficient as the private sector in doing shit?
I meant extract from the populace without slumping the economy?

>>2607459
>implying the state is always right and would never do harm with that money
To be a fly on the wall when you get your first subsistence paycheck.

So we have to keep taxing the shit out of the poor because if you tax the rich the economy will tank?

It's fucking Victoria 2 IRL.

What a shitty fucking system.

>>2608118
>he doesn't run his government exclusively on tariffs

Which is incidentally what we should be doing in real life.

>>2608118
Tfw bourgeois dictatorship

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>>2608118
>What a shitty fucking system.

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>>2608230
>the only systems that exist are Reaganite neoliberalism and Soviet communism

I wonder who could be behind this post.

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>>2608251
Wrong choice of pic senpai

>>2608118
>autarky
Meme.

To get the exports that bring cash in, you often need to import the materials you make your finished good out of. Unless you can fit all the phases of production in your country, forget it. And even if you can, will the price of producing it there even be more eficient than producing it somewhere else (do you think it would be cheap to make coconut treats in scandinavia)?

Land tax - basic.
Progressive income tax - common sense in most of the industrialized world.
Sales tax - somehow found to be one of the taxes that has the least negative effect on growth despite common sense dictating that this would be a regressive tax.

>>2606342
>>2606352
Is it in the long run the same around 70% or does it change?

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>>2606342
70% tax rate sounds like total ass rape wtf

>>2609616
Beyond a certain income bracket it stops mattering when most of your wealth comes from capital gains.

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>>2606262
Anti-communism

>>2609616
>>2609616
>Read detailed argument with searchable key terms.
>Haahahha wat a faggot fuk da library m4m4s 4 l4f3.

You're ancestors probably viewed toilet paper with similar disdain. It's a bit of a shame they bred.

>>2606262
Nope, that is why China is doing it now to save itself from collapse.

>>2610110
Not an argument. 70% is an obscene tax rate

Let me explain it so easy that even a df can get it.
Lowering taxes, means that taxpayers have more money left over. Middle class (the top 50% to 1%) would most likely use that to buy stuff (house, car, appliances, go out and eat, etc) which gets more money in the economy, making a better economy. Rich people (.1%) invest that extra money. They build factories, homes, etc which means more work opportunities, which means more taxpayers and more money going back in the system.
Higher taxes restricts all of that.

>>2610279
>he thinks supply side economics works
>he thinks availability of credit is the limiting factor on enterprise and not consumer demand
>he sucks dicks

>>2610110
Let's stop think in "will this benefit the government" terms and think of "will this be fair?".

The labour isn't being done by the government. Don't want it at Reagan's less than 30? Fine.
Do it at 50. People do the goddamn work and you get half of it.

>>2610347
>hahaha countries with high taxes don't have either a high standard high cost of living or a low standard still high cost of living!
>why do people need money? lmao, just give it to the government so they can foment the economy by doing large projects and paying off the imc, thanks FDR!
Kill yourself, pinko.

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>>2610461
>they're espousing macroeconomic ideas that conflict with my economic interests
>I know, I'll accuse them of being communist

Cancer-killing-America detected

>>2606307
>WW2

>20th century

>>2606342
>around 70%.
Nigger, im going on welfare the second it hits 40%

>>2610454
>The labour isn't being done by the government.
It isn't being done by the employers either.

>>2610489
kek

Either Communism or Neoliberalism

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>>2610585
Say that to my face and not online and see what happens

Protip: we will shoot you lol

>>2606342
>>2606352
It should be remembered that the revenue maximizing point on the Laffer curve is not normative. Simply because we could generate more tax revenue does not mean that we ought to do so.
What the Laffer curve fails to capture is the opportunity cost of taxation. When the government establishes a tax-- any tax, be it the revenue maximizing rate or not-- the government is siphoning resources away from the private sector. This means less consumer spending and, therefore, less job creation. Overall production will be diminished too, resulting in increased prices for consumer goods.

>>2606500
>Pol "I am funded by the CIA to fight against North Vietnam" Pot

>>2610734
>Pol 'my Jewish college friends turned me into a one-man national disaster and then abandoned me when shit went south' Pot

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>>2610272
>High tax rate is bad coz I don't like it
Not an argument either

>>2610489
REKT

>>2606262
global warming

>>2610471
Just want to point out that this person was likely being serious and not just pretending to be retarded.

>>2606342
lol and normal people talk about these issues like they know a damned thing

>>2607459
This post makes me so angry I'm forcing myself to believe it's bait.

>>2610476
LMAO
In the US if you make anything serious you get40-70% income tax

The USA itself was the biggest meme of the 20th Century

They contributed so many good things for the world in that period while simultaneously making a complete fucking mess of everything.

>>2611672
Lol no it was shit when we found it

>>2611674
The USA inherited a lot of shit from the British Empire but didn't really do anything differently.

USA wants the position of world leader but without the effort involved.

>The middle east is still a shitshow, what do we do?
>Well, what did the British do?
>They funded some of the most extreme religious groups to crush any opposition to their presence in Arabia. They then funded and supplied absolute monarchies and planted the Jews in the middle of them, punching a hole in Palestine and then supplying those Jews with equipment to piss off their neighbors even more.
>Well uh... I guess we should just keep doing that then.

>>2610279
> he swallowed the trickle-down propaganda

that's not how the world works fuckstick

>>2610476
luckily for you you'll never make anything close to where your top marginal tax rate is 70%, so no need to worry senpai

>>2611696
Trickle-down economics has never been really tried.

>>2610279
>i watched milton friedman on youtube

>>2611710
>I watched a 5 min Marxist video on youtube

>>2606262
Was he perhaps the worst president of the 20th century?

>>2610742
>Pol "Ronnie R and Maggie T pay me money, because they like me better than the non-genocidal government who is allied to their geopolitical adversaries with whom they are in a dick measuring constest, so they fight against each other in backwater countries of SEA, in order to establish their economic system there, but the fight degenerated to this point they are now backing monarchist-communist government which killed 25% of the population and coincidentally, I lead said government" Pot

>>2611794
Odd, Pol Pot left office in 1981. The same year Reagan was elected.

>>2610827
50% is honestly communism. Once the government takes as much as or more than you are taking home, they become the largest beneficiary of any economic surplus.

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>>2612013
>50% is honestly communism
...Which is why many of the largest capitalist powers have progressive rates that reach or very closely approach it, because they're all crypto-communists?

>>2612032
>socialists
>not Crypto communists
Lad...

>>2612777
>socialism is big gov doing big gov things
Lad...

>>2606322
He was elected based on immigration. The 1965 race bill was showing its flaws, and Americans were worried about being weak at home and abroad.

Reagonomics being a meme is the real meme The left made it a focus to keep the conversation on somethinghe was wrong about.

>>2607459
This post is the direct manifestation of the mind set that is literally the over all antagonist of mankind

Kill yourself

the USSR

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>>2612013
>>2612777
>it's a 'keynesian social democracy' is marxist socialism episode
fact: social democracy is the best way to preserve the capitalist mode of production as it takes away incentive for revolution. Libertarianism leads to communism.

>>2607941
Then if you ever get a job donate 80℅ of it.

>>2607459
I'm so fucking terrified that this isn't a mental disorder but something healthy people actually believe. I'm begging anyone to please convince me this is a fad...

>>2607459
Socialists, everyone

>>2606262
Freedom of speech

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>>2606262
Reagan was the conman of the century

>>2613528
Jokes on you. I pay taxes and then I pay taxes on stuff I buy. All in all it ends up to roughly 80%.

>>2615846

Misrepresented. 20% of Americans were doing cocaine. They would not stop and so the CIA chose the best available path.

A cocaine monopoly. The Medellin cartel was that monopoly and it ran drugs in the least violent and most organized manner.

Our current narco violence in Mexico is an example of what happens when there is no monopoly.

So yes you're right the CIA ran drugs but only in the best ways possible.

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>>2615847
Yeah because its better to reward everyone, mildy, equally instead of just rewarding people that worked for their life.

By now people are just dependant on welfare, who are the rolemodels anyways? Some youtuber or rapper that spits some garbage into his mic, saying how the world should be a communistic utopia and fuck da police, while theyre the one living in fucking luxury.
Fucking ass man, theyre just capitilising on your ignorance.

>check yourself before you wreck yourself

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>>2615851
>By 1993, the resistance group, Los Pepes (or PEPES), controlled by the Cali Cartel, and the Colombian government, in collaboration with the Cali Cartel, right-wing paramilitary groups, and the United States government, had dismantled the Medellín Cartel by imprisoning or assassinating its members.