Comments by "whyamimrpink78" (@whyamimrpink78) on "Bernie Sanders Asked About Evil "Big Government"" video.

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  22. +Evgeny Savelev Yes you don't understand wealth distribution. You have to understand what wealth is first. Why did big companies like Walmart and IBM and so on do well? Because they have more resources to withstand tougher times until the economy stabilizes. That is why big companies love big government because it can work in their favor. That is why government involvement and regulations work in their favor because it hurts smaller competitors. "Nope, the projects on which the money were spent should also be considered." Nope, the federal government should not be involved in domestic spending or perturbing the economy at all. I have no clue what charts you are reading. Spending was up in the mid 1910s because of WWI. But it dropped before 1920. So no, spending was not at 25% of GDP in 1920. http://www.usgovernmentspending.com/past_spending Read your history, you will see that in 1920 we had a crash and the federal government did nothing which lead to a recovery a year later. Looking at the chart you see that spending was being reduced in 1920. During the recession of 1929 government spending went up where in 1920 it was on a decline. So it seems like you need to do some more research and read graphs better. Taxes were not slashed in the 1970s. In 1968 (or 67, one of the two years), 155 Americans earning over $200,000 a year paid $0 in taxes. That is why the Tax Reform Act of 1969 was developed to create the min. income tax. It lowered the marginal tax but was an effort to raise taxes. So no, taxes were not cut. Also, raising taxes does not mean raising revenue. Look at this table (maybe you can read a table since you struggle at reading charts) http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205 Tax revenue as a percent of GDP has been around the same. If raising taxes increased revenue then why not a 100% tax rate? The reality is that it isn't that simple as raising taxes.
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  32. +gerard bain A little history lesson for you. In 1920 we had a crash just as bad as the crash of 1929. Harding was doing nothing but under pressure told Hoover to devise a plan to "fix" the economy. He developed the plan but by the time it was brought forth to the economy, with no federal government action, a year later was recovering. Come the crash of 1929 Hoover, under immediate pressure put forth his plan to "fix" the economy which involved massive spending. It did not work. FDR took over and expanding Hoover's plan which made the situation worse and would have continued longer if it weren't for the war. FDR prolonged the recession which turned it into a depression. You see, this country has seen several recessions such as the one in 1920 (which I bet you never heard of until now), the Panic of 1837, the Panic of 1873, the recession of the late 70s and so on. All recessions except for two had little to no federal government involvement to "fix" the economy and recovery was in around 5 years or less. In later times when we were more developed that time frame was shorter. The two recessions that took the longest to recover from were the recession of 1929 and the one we are currently in. They are also recessions the federal government tried to "fix" the economy with massive spending, like what FDR did. Any intelligent person knows that FDR turned a recession into a depression. Saying FDR was a good president is like saying Matt Millen was a good GM for the Detroit Lions. One reason why funding in research in development of photovotaic cells is so high is because China has cornered the market in lanthanides which are used for up and down conversion in solar energy. They have done that because of less environmental regulations. It takes around 10 years to build a mine in the US where in China it does not. So they can actually dig up their lanthanides and use them where in the US we can't because building mines are supposedly bad for the environment. So you want more research for solar energy then you have to reduce regulations. I will admit I have not heard of the plan Japan is doing, but based off of what you said it sounds highly inefficient to where it is impractical considering the cost it would take to put satellites in the air. And that is just start up cost, never mind maintenance.
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