Obama budget to take aim at wealthy IRAs

[JoeB131]

[


Then don't use their service if you don't like how he's compensated.

There also something about exec comp that you probably don't realize: GAAP and SEC reporting require the increase in the paper value of stock options to be classified as compensation, even if they haven't been cashed in. This feature often overstates actual comp by quite a bit.

You also neglect the role of Big Government in enriching over-regulated industries.

I WOULD love to pick another service. Unfortunately, that's the one my employer picked. Great thing, if we could actually DEMAND which service we want, and then have our employers pay for it without whinging, you might be on to something.

don't care about the tricks they use to hide how much the one percent is stealing from the rest of us.

Nope, don't blame government for greed any more than I blame short dresses for rape.

Wow! I agree with something you've posted twice in one day!!!
I would also love to pick the services I want. Unfortunately, I don't get to choose what I want or need, I am forced to pay for a whole bunch of service that is now mandated by Obamacare. So much for choices...

Actually, you are under any service.

What you resent is paying to cover poor people. You don't mind covering the salary of a greedy CEO...

 

[Skull Pilot]

I WOULD love to pick another service. Unfortunately, that's the one my employer picked. Great thing, if we could actually DEMAND which service we want, and then have our employers pay for it without whinging, you might be on to something.

don't care about the tricks they use to hide how much the one percent is stealing from the rest of us.

Nope, don't blame government for greed any more than I blame short dresses for rape.

Wow! I agree with something you've posted twice in one day!!!
I would also love to pick the services I want. Unfortunately, I don't get to choose what I want or need, I am forced to pay for a whole bunch of service that is now mandated by Obamacare. So much for choices...

Actually, you are under any service.

What you resent is paying to cover poor people. You don't mind covering the salary of a greedy CEO...

You do not pay the salary of a CEO. The company he runs pays his salary.

 

[FA_Q2]

Funny how this article starts out with "like Mitt Romney" and doesn't start out with "like Barrack Obama." Wonder why? It would actually make sense to do so.

President Obama’s budget, to be released next week, will limit how much wealthy individuals – like Mitt Romney – can keep in IRAs and other retirement accounts.

The proposal would save around $9 billion over a decade, a senior administration official said, while also bringing more fairness to the tax code.


Read more: Obama budget to take aim at wealthy IRAs - The Hill's On The Money
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They need crack down on off-shore accounts and blind trusts. If you move your money off shore, it should be taxed both when you move it and when you later try to spend or use it back in the states.

Taxation is partially about steering people toward desirable behavior. Dodging capital gains taxes is NOT desirable behavior.

This is EXACTLY what has fucked our country up. It is the source of most political corruption and the underlying factor in most major busts. The government thinking that it must control behavior and that behavior (being controlled by few special interests) spinning massively out of control. For the inner socialist, sure that’s the point of taxation.

The REAL point of taxation (and the only point in any free society) is to fund the basic and required functions of government. That should be the ONLY purpose of taxation. Period.

 

[FA_Q2]

[
Of course you failed to note that it was YOU who purchased that plan that makes it happen. That CEO did not make the decisions because he thought he could screw another person out of a job. He made that decision because his customers demanded a cheaper product. Had he stayed with what YOU are demanding: an American help line employed by some nice union employees with fast and reliable service, you would have dropped them faster than a hot potato as soon as you seen the bill. That is the reality. There are no companies that offer this service anymore (because there was a time when they did) because the customers flocked to the cheaper venue. The one time affair was not worth paying hundreds more a year.

Uh, sorry, guy, most of the time I was growing up. we had nice reliable union guys running the phones and guess what, bills weren't much more than they are now.

[
You continually ignore this basic fact. For one that claims demand drives the economy and supply is totally irrelevant, for one that is supposedly a Keynesian economic proponent, you seem to not understand the most basic of concepts.

Once again, you fools on the right crashed the economy in 2008. It's clear you don't understand much of anything.

[
You want to know why we are here in this situation, Americans are refusing to take personal responsibility in the decisions they make regarding their money. Instead, they beg and grovel for the government to do it for them so they can be fat and lazy without thinking about their purchases. How has that turned out? Asking the government owned by the major corporations to look out for us? Yes, not so well.

Again, we need to take our government back from the corporations... we kind of did that in 2008 and 2012. But that's okay, man... keep blaming working people for the excesses of the rich....

That always works out well.

Interesting (not really) that you completely miss the point and then purposely obstruficate the issue with baseless claims against the right (that I never mentioned BTW).

The worst part about this is that you and other do this so that you don’t have to face the fact that you have created these entities in the first place. You state that phone companies used to do this and then the bills were fine, not much different than today. Of course you are talking about the basic phone with infrastructure that was already paid for and one that simply handled basic phone service , and not very good service at that. Now, we have instant internet access, a dozen different services that range from instant messaging and caller ID to conference calls and video calling all for ‘simular’ prices on an infrastructure that is being set up (and paid for) as we speak. Yet with all this (and inflation) the prices are ‘similar.’

You want to call the morality of these actions as immoral and then, to avoid facing the fact that YOU and others just like you have DIRECTLY caused these actions, demand that the ‘company’ is the evil culprit that forced you into it.

Let me understand this – the customers that buy things from Wal-Mart are in the clear because they were FORCED to buy things that were built in sweatshops since the government didn’t help them and the fat man is at the mercy of McDonalds because the government has not protected him from their evil and on and on. This is just a sorry ass excuse for people to blame someone other than themselves for making the decisions that they have made. YOU purchased that phone plan. If it really was immoral and bad, you would NOT be a patron of the company. You would not have to worry about them buying politicians – they would not have the money – and you would not have to worry about them ‘destroying’ this nation. You, however, have decided that even though it is you that have paid for it and you that has demanded it that SOMEONE ELSE must be responsible. Someone else is the problem.

Well, fuck you. Take responsibility for your own damn actions for the first time in your life rather than demanding that others be responsible for them and that government protect you from yourself.

 

[Skull Pilot]

IRAs are not used by the so called rich and no rich guy worth his salt would tie up his money in a 401K because you get screwed in taxes when you withdraw the money the government also tells you how much you have to withdraw every year so this entire thread is dead.

All you people that hate rich guys should be upset at the fucking government for screwing you via IRAs and other qualified retirement plans.

 

[hortysir]

The rich are going to be fine, really.

I mean, they might only have to buy ONE dressage horsie this year, but they will be fine.

Who are you to determine how many dressage horses is too many?

 

[Skull Pilot]

The rich are going to be fine, really.

I mean, they might only have to buy ONE dressage horsie this year, but they will be fine.

Who are you to determine how many dressage horses is too many?

Joe is a control freak and thinks he has the right to tell everyone what they need.

 

[mudwhistle]

The rich are going to be fine, really.

I mean, they might only have to buy ONE dressage horsie this year, but they will be fine.

You keep showing us there's no delineation between libertarians and Marxists.

 

[boedicca]

What do you expect from people who think the purpose of the tax code is to Modify Behavior?

 

[JoeB131]

Wow! I agree with something you've posted twice in one day!!!
I would also love to pick the services I want. Unfortunately, I don't get to choose what I want or need, I am forced to pay for a whole bunch of service that is now mandated by Obamacare. So much for choices...

Actually, you are under any service.

What you resent is paying to cover poor people. You don't mind covering the salary of a greedy CEO...

You do not pay the salary of a CEO. The company he runs pays his salary.

NO, insurance companies wouldn't exist without the labor of the people who buy policies, inflicted on them by managers trying to find the cheapest plan instead of the best plan.

So, yeah, we pay their salaries, which add NOTHING to the quality of health care. Usually quite the oppossite, like when one of these dickheads calls a cancer a pre-existing condition because you had acne once.

 

[JoeB131]

The rich are going to be fine, really.

I mean, they might only have to buy ONE dressage horsie this year, but they will be fine.

You keep showing us there's no delineation between libertarians and Marxists.

Well, since I'm neither, what is your point?

Frankly, if anything, I'm saving the Rich from themselves. Income inequality always ends badly for the rich..

If you want to see how this story ends..

France 1787
Russia- 1917
Cuba - 1959
Iran - 1979.

 

[boedicca]

Actually, you are under any service.

What you resent is paying to cover poor people. You don't mind covering the salary of a greedy CEO...

You do not pay the salary of a CEO. The company he runs pays his salary.

NO, insurance companies wouldn't exist without the labor of the people who buy policies, inflicted on them by managers trying to find the cheapest plan instead of the best plan.

So, yeah, we pay their salaries, which add NOTHING to the quality of health care. Usually quite the oppossite, like when one of these dickheads calls a cancer a pre-existing condition because you had acne once.

Find a new job if you don't like your compensation arrangement...and thank FDR for creating a system in which health insurance is so tightly couple to employment.

Rabbling about CEO pay won't fix the tax code that fostered this clusterfuck situation.

 

[JoeB131]

The rich are going to be fine, really.

I mean, they might only have to buy ONE dressage horsie this year, but they will be fine.

Who are you to determine how many dressage horses is too many?

A citizen.

Frankly, guy, if you put wealth distribution to a vote, you'd never have the shit we have now.

What saves it is that most Americans don't realize the top 1% controls 47% of the wealth, and the top 20% controls 85% of it.

 

[hortysir]

The rich are going to be fine, really.

I mean, they might only have to buy ONE dressage horsie this year, but they will be fine.

Who are you to determine how many dressage horses is too many?

A citizen.

Frankly, guy, if you put wealth distribution to a vote, you'd never have the shit we have now.

What saves it is that most Americans don't realize the top 1% controls 47% of the wealth, and the top 20% controls 85% of it.

Oh, that lovely "gap"
Saw a really good speech from Margaret Thatcher, earlier, about just that.

 

[JoeB131]

[


Oh, that lovely "gap"
Saw a really good speech from Margaret Thatcher, earlier, about just that.

You mean that cow who was so crazy her own party turned her out of power.

The woman who went to war and killed a thousand people over barren Islands no one gave a shat about?

That woman?

 

[bripat9643]

[



That is such a crap statistic. Only a small fraction of CEOs make that multiple - and they are found in mega corporations. The typical CEO in the U.S. manages a small to medium size firm, and the ratio is in line with or even lower than the Japanese one.

I work in high tech. The CEOs in smaller companies for which I have worked make about 4X-5X what an engineer does.

CEO Compensation, 2012

Here was my favorite.




George Paz

Express Scripts

51.525

As someone who has Express Scripts as our prescription drug provider, I htink this is obscene. Their service is beyond shitty.

Then why do you use it?

What a fucking moron.

 

[bripat9643]

The rich are going to be fine, really.

I mean, they might only have to buy ONE dressage horsie this year, but they will be fine.

You keep showing us there's no delineation between libertarians and Marxists.

Well, since I'm neither, what is your point?

Frankly, if anything, I'm saving the Rich from themselves. Income inequality always ends badly for the rich..

If you want to see how this story ends..

France 1787
Russia- 1917
Cuba - 1959
Iran - 1979.

The poor ended up even worse, moron.

 

[FA_Q2]

You keep showing us there's no delineation between libertarians and Marxists.

Well, since I'm neither, what is your point?

Frankly, if anything, I'm saving the Rich from themselves. Income inequality always ends badly for the rich..

If you want to see how this story ends..

France 1787
Russia- 1917
Cuba - 1959
Iran - 1979.

The poor ended up even worse, moron.

The truth about this cannot be overstated.

In virtually every case, when you tear down the rich and attempt to make income distribution more ‘fair’ through force, you end up with slightly less rich and massively greater poverty.

It always brings a chuckle when people demand that places like Mexico have a ‘better’ income distribution than America. Sure, it is actually true in a way BUT what they don’t want to admit in that statistic is that what it really reflects is everyone in poverty. The ‘distribution’ is more ‘fair’ only because almost everyone is impoverished.

 

[JoeB131]

George Paz

Express Scripts

51.525

As someone who has Express Scripts as our prescription drug provider, I htink this is obscene. Their service is beyond shitty.

Then why do you use it?

What a fucking moron.

I don't have a choice. My company picks that service along with all the other increasingly half-ass services they try to pass off as "coverage". Because we can't do what every other industrialized country has done and go to single payer.

 

[mudwhistle]

Actually, you are under any service.

What you resent is paying to cover poor people. You don't mind covering the salary of a greedy CEO...

You do not pay the salary of a CEO. The company he runs pays his salary.

NO, insurance companies wouldn't exist without the labor of the people who buy policies, inflicted on them by managers trying to find the cheapest plan instead of the best plan.

So, yeah, we pay their salaries, which add NOTHING to the quality of health care. Usually quite the oppossite, like when one of these dickheads calls a cancer a pre-existing condition because you had acne once.

What the fuck are you talking about?