Rush Limbaugh - Progressive Income Tax is Immoral

Rush Limbaugh, right about everything again.

Category:

News & Politics

Tags:

• rush
• limbaugh
• progressive
• income
• tax
• obama
• reid
• pelosi

[mdt2189]

Competition ends as soon as someone loses the game.

[ifuckingfarted]

I Farted!!!

[wentafew]

@Chaaarge Yup, it's just that simple.

[Chaaarge]

@wentafew then there are two companies charging the same price, nothing wrong with that. other people can still open up soda companies, and maybe create a better soda, or cheaper soda. if the soda is so cheap and good that nobody can compete with them, then what's the problem? we got cheap and good soda. If you are reffering to "cornering the market", then that has already been attempted (the wheat and cotton industry is an example), and the result was that they went broke.

[wentafew]

@Chaaarge Why would it only work if they do it with the Government? Let's say, 2 competing soda companies decide that they are tired of competing with one another and driving each others prices to the point of no profit. Because that's what would theoretically ultimately happen. They would both continue to lower their price until they reach a point which they could go no lower. So instead they say, "Hey if you don't charge less than this. I won't charge less than this, and we both win"

[wentafew]

@Chaaarge Hong Kong China is not a good example to me. China is a good example of how a Free Market does not take into account things like, human welfare --and no I am not meaning checks from the government. Human labor is nothing more than a piece of capital, and with the surplus of capital they have, they have no reason to treat their lower working class kindly or fairly. They work long hours for ridiculous wages in horrible conditions. We (the US) are exacerbating the problem.

[Chaaarge]

@wentafew but those backroom deals will only work if they do it with the government. There have been many companies trying to do price controls without government help, and the result has always been that they went broke. Monopolies simply won't happen in those industries that are not run by government

[Chaaarge]

@wentafew I agree that the lobbying is a problem in the free market, and we must strive to get rid of it. And yes, I am an idealist, because a free market is in my opinion the only moral system possible. What we should do is get as close to that system as possible. If you want an example, take hong kong. They've been more and more successful since implementing free market ideas.There are also many small examples throughout the world that show deregulation works, and how big government fails

[wentafew]

@Chaaarge Businesses will still strive for the same goal. Do you have any truly free market to compare to, they have always been governed. You're comparing to some fairytale world that doesn't exist.

Again you take the consumers perspective. Take the businessman's perspective. He doesn't want to compete, and will strive to do anything to not compete to maximize his profits. Hell maybe he'll even set a backroom deal to price regulate with 2 competitors so all 3 come out ahead.

[wentafew]

@Chaaarge Fallacy of over simplification. Problem is more complicated with more inputs. That looks good on paper, but it's not reality.