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To: gpowell who wrote (13913)	9/24/2003 4:55:49 PM
From: Skeeter Bug	Respond to of 306849

>>I said, with some qualifications, that a wealth transfer has no net economic impact.<< any economist worth his salt would follow up with "from whose perspective?" they would know that issue isn't trivial. btw, i missed those qualifications. maybe i came in a bit late. or maybe you are backtracking. doesn't really matter. i'll assume the former. >>I said lowering taxes increases the per capita wealth.<< "for whom?" lowering taxes can actually reduce the wealth of some. there is NO SUCH ENTITY as mr and mrs per capita. >>I said there would be NO stimulus from Bush plan. This point is arguable.<< "for whom?" >>I don’t consider Bush’s plan a wealth transfer. This point is arguable as well.<< i won't quibble there. >>What’s obvious is that you didn’t comprehend what I wrote.<< oh, but i do. there will be stimulus effects in the private sector. this may be offset by an impact in the govt sector. >>When a derelict comes up to you on the street yelling that Japan won the war do you debate the guy?<< i may yes. just as i'm debating you. but you don't argue argue japan won the war. you just call me names and don't answer many specific questions. well, you build irrational straw men up and then try to be BMOC by knocking them down. i'd prefer someone who at least addressed the ISSUES! -lol- >>Maybe the guy really believes Japan won the war, or maybe he is making a philosophical point that Japan’s economy outperformed the US post WWII – or maybe he is just a nut. Better to just move on rather than ask him.<< justify your scurrying away any way ya want. i prefer to answer the issues. >>Elroy claimed the “National Capital” was being destroyed – if he meant wealth then he is wrong. My response to him was on point and accurate – given his assertion.<< national capital is being destroyed if you define "national" as "government." money that was, in theory, part his is now NONE HIS. a smart guy could figure this out. >>The first paragraph of my previous post to you has my definition. You aren’t reading what I’m writing or not comprehending it. Do you now see why I was reticent to respond to you?<< i did miss your explicit definition. i'll reread it. quantifying your nonsense is tough work, after all.

To: gpowell who wrote (13913)	9/24/2003 5:05:18 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>A wealth transfer between equivalent economic agents has zero economic impact. This means that variables such as GDP, aggregate supply, and aggregate demand are unchanged.<< as promised, i found it. you believe the assumption that the public sector is equivalent to the private sector is valid?