Tax the rich, lose the rich

[Douger]

Lost the rich.
End result.
Food stamp use hit record 40.8m in May - The Boston Globe

 

[Bfgrn]

HAHAHA!!! You never disappoint. So I use an alligator analogy, and all of a sudden you did work travelling all over Florida??? Oh man, you libs can't even tell good fibs!!!

So what you're saying is those speculators should've listened to Bush in 02-04 when he was trying to warn about that?? Guess we were distracted with other issues (9-11??) and didn't hear his concern.

Yeah some speculators made bad calculations. Can you blame 'em? With banks making loans to anyone with a pulse and a right hand, wouldn't you have gotten into the market also? It all stems back to you libtards in the 90's threatening banks who wouldn't make risky loans to minorities and poor trailor trash. That sparked the fire. So don't blame a speculator for being one of the ambers.


But anyway........a Florida construction sales guy........thats just too much. Ah, you never disappoint. This is more fun that jingling a toy above a cats paws, always just far enough away to annoy it and frustrate it. Please....respond quickly, this is fun!!

Did I say 'all over Florida'?

I covered the counties of: Duval (Jacksonville), St Johns (St. Augustine), Clay, Putnam, Bradford and Flagler.

If you want to discuss 'cat' paws, I assume you want to discuss undercarriage life. But in Florida's abrasive sand that eats undercarriages, I recommend using rubber tired machines wherever possible.

NOW...educate yourself alligator breath...

Don't Blame the Community Reinvestment Act

 

[hipeter924]

Seriously, you need to take a course in bussiness and economics......Reading your libberish is just pure entertainment.

All i'm hearing in your ramblings is your complete inability to recognize that you yourself are the reason for your failure in life. The reason that you are obviously just a pathetic miserable human being who feels the need to blame everybody else for your own doing.

And, me being one of those you obviously despise, a successful man, I still want to know just what the fuck you think I owe you......Because in REALITY, I don't owe you a god damn thing.

He fails to understand that heavily taxing businesses and rich people doesn't help the economy or create any new jobs, especially in a recession. As for proof, Obama is trying the European tax to death scheme and that's just worked wonders.

Cutting their taxes did not seem to help us , dit it?

In the ten years since we cut their taxes we have seen a stagnant economy and limited job growth. Stop with the Bull Shit that raising their tax rate 3% is going to cost jobs

I don't believe in commercial taxation it should be 0% and taxation for individuals (whether they are rich or poor) should only be around 1-2% (because of military, police and other such obligations) thus the US still has too high a tax rate to create a big effect in economic growth and individual wealth, the Bush tax cuts didn't work well because they were too small and not wide reaching enough.

 

[Jarhead]

So your saying that the root cause of the economic crisis is that 'Main St.' businesses massively defaulted on their loans back in 2008?

Well, that's a new one! Plain silly. 'nuff said.



No doubt that the past 40 years has seen a huge overevaluation of college degrees, while the colleges have been churning them out without quality standards. Meanwhile, there has been a devastating devaluation of labor. Either way, there is an abundance of labor of all levels on the market right now. Given that the overwhelming cost of business is usually the cost of employees, any smart investor would take advantage.

BTW - Just for the record - I do not have a college degree, yet I work in one of the worlds most advanced research centers and am paid on the level of a master's degree.



Yes, the credit & banking industry baited many people into taking on way to much debt. This started back in the 80s when we turned into a dedicated materialist society, and trickle-up economics was initiated.. It is amazing how many supposedly educated people fell into the trap. But the fact remains - the vast majority of the people and businesses are creditworthy but can't get credit.

You have to have a perfect credit score to get credit...like me.



The government programs account for less than 3% of the mortgage default.

The real problem is that the banks found out that given an ever evaluating real estate market they could make more money from a defaulting mortgage than a good mortgage. So they pushed sub-prime mortgages as much as possible. Not just on the poor, but on everyone at every economic level.

But they couldn't tell exactly which mortgage would default and which would not and therefore could not accurately value any individual mortgage. So they chopped up & combined portions of thousands of mortgages into 'derivative' packages. That way they could valuate the whole package based on historical statistical averages. They then took out loans using the packages as collateral.

But, the entire scheme was based on the assumption that real estate would always go up in value. They were wrong and the shit hit the fan.

The banking industry nearly collapsed, so all the CAPITALIST bankers COLLECTIVELY went to the government and demanded an 800 billion dollar giveaway - with no oversite and no strings attached. The government instead offered a bailout, but with oversite and a guaranteed payback. The banks were caught - they could not refuse.

So the banks did not make money off of the bailout.

Next the banks initiated 'Plan B':

In order to make up for their losses when the sub-prime loan scam backfired on them, they froze credit to businesses. They knew that freezing credit to businesses would cause massive layoffs. That would, in turn, cause a huge increase in mortgage defaults from which the banks would profit. Thus making up for the losses that the banks suffered when their scam backfired.

That is why we are in the current economic crisis. The non-banking private sector investors, who should be taking advantage of this situation - possibly even pushing the banks out of the way - are acting like a bunch of scared little girls.

To all on the board and the moderators.....

Somehow, the poster I just quoted attributed my name to a quote and a series of quotes that I never wrote...

I do not know what his agenda is and to be quite frank, it is irrelevant to me....

Is this not against the terms of service? Is one allowed to attribute someone elses quote to another poster on this board?

 

[Jarhead]

PLEASE LOOK AT POST 427 in this thread....
He used my name and attributed a quote and appears to be a series of quotes of mine that were not written by me.

 

[NYcarbineer]

Yeah, and I thank you for continued postings of it. In fact, lets sum it up:

1994- Republicans take over Congress for first time in 40 years = Largest economic growth the world has ever seen.2006- Democrats take Congress back for first time since 1994 = Worst economic disaster since the Depression.

I don't know, lets use some good ole boy logic.

1994-2006 Republican Congress = Massive economic growth
2006-Present Democrat Congress = Worst economic drop sine Depression.


I'm no genius, but the moral of the story is DONT VOTE LIBERAL IN NOVEMBER.

That was right after the Clinton tax increase on the rich, right? ...in keeping with this thread's theme,

which claims you can't raise taxes on the rich lest they all leave and the economy collapses.

You refuted yourself. Good work.

That economic boom occurred DESPITE those tax increases. Sometimes the surge of water is too powerful even for the dam to stop. The 90's proved that. With the tax/economy scenario..................and with the Clinton sex drive/morality scenario.

Oh so, you want to credit the boom (and the disappearance of the deficit) in the 90's to the Republican Congress but Clinton had nothing to do with it?

It's pretty hard to argue with someone who simply invents fairy tales and calls them facts.

I guess Reagan had nothing to do with the 80's boom; that credit goes the DEMOCRATIC Congress?

 

[JakeStarkey]

bucs90 is not interested in facts, rather only in power. Thus bucs has no trouble lying.

 

[Mr. Shaman]

Keep in mind that wealthy people represent the dynamic force in our economy, starting businesses, expanding existing businesses or investing in new or starting companies. That they want to take their marbles and leave is a bad sign for us.

.....As if we're gonna miss their tax-dollar$...... ​

 

[drsmith1072]

Do you have the slightest idea what you are talking about?
Tax cuts themselves will not create jobs. If the present administration keeps on demonizing business and imposing new regulations and new taxes then cutting other taxes will not help one bit.
But a concerted plan to limit regulation, return to the rule of law, and cut taxes at the margin (I realize I am using language that might as well be Pashtun to you) will be a whole lot better than the failed policies we have had for the last 3 years.

Do you??

If they alone will not do it then why are those on the right claiming that they will?? This thread is about the taxcuts, although its OP and its source made claims not supported by the facts, and all of the right wing claims about what extending the taxctus will do when they have shown that they won't do what the rightwingers claim and the proof is the fact that they haven't done so thus far.

BTW, Still waiting on you to explain your contradiction, how will extending the taxcuts NOW create job growth when all of the things that you claim are obstructing job growth will still be in affect if the taxcuts are extended??

Furthermore, you claim that taxcuts will produce, " higher wages, more productivity, greater GDP." and yet they haven't thus far so can you explain how they will magically do so if extended when they haven't done so even though they are active NOW?

There is no contradiction. The only contradiction is you writing an intelligent post. I have made the point very clearly. If you cannot understand it, have someone read the post to you.

There is a contradiction but you like so many others CHOOSE not to see it because that reality runs counter to your spin.
The fact is that the taxcuts are currently active and all of you right winger keep making claims about what extending them will do when they haven't accomplished those goals now even though they are active.
So what do you expect to magically change that will accomplish those goals when you haven't shown how anything will change??

I keep asking that question but it's funny how you hacks can only attack as you avoid it.

 

[The Rabbi]

Do you??

If they alone will not do it then why are those on the right claiming that they will?? This thread is about the taxcuts, although its OP and its source made claims not supported by the facts, and all of the right wing claims about what extending the taxctus will do when they have shown that they won't do what the rightwingers claim and the proof is the fact that they haven't done so thus far.

BTW, Still waiting on you to explain your contradiction, how will extending the taxcuts NOW create job growth when all of the things that you claim are obstructing job growth will still be in affect if the taxcuts are extended??

Furthermore, you claim that taxcuts will produce, " higher wages, more productivity, greater GDP." and yet they haven't thus far so can you explain how they will magically do so if extended when they haven't done so even though they are active NOW?

There is no contradiction. The only contradiction is you writing an intelligent post. I have made the point very clearly. If you cannot understand it, have someone read the post to you.

There is a contradiction but you like so many others CHOOSE not to see it because that reality runs counter to your spin.
The fact is that the taxcuts are currently active and all of you right winger keep making claims about what extending them will do when they haven't accomplished those goals now even though they are active.
So what do you expect to magically change that will accomplish those goals when you haven't shown how anything will change??

I keep asking that question but it's funny how you hacks can only attack as you avoid it.

You ask questions and then don't like the answer and pretend I didnt answer it.
What do you mean "the tax cuts are currently active"?? That is just dumb. The Kennedy tax cuts are "in effect". See what they've done now?

 

[drsmith1072]

What is so difficult to understand?

If business owners have more money as a result of paying not as much taxes, they can spend that money on expansion or even survival if need be.

The only problem I see with your (lack of) logic is that they already have this money and are not doing anything with it now so how will extending the taxcuts promote said expansion when it hasn't done so thus far??

I keep seeing all of these rightwingers making claims about what the job creators will do with the taxcuts but the rightwingers love to ignore the fact that nothing will really change even IF the taxcuts are extended so how can you honestly claim that the taxcuts will do anything when they haven't done anything thus far??

Not doing anything with it?....Got proof?

I guarantee that the majority of businesses are using those cuts to help keep them afloat. To help keep people employed. To help make payroll. To try and avoid lay-offs. To pay business expenses. And on and on and on.

Take those cuts away, and there is no doubt that there will be many more people losing their jobs.

The main reason why businesses aren't expanding, is the lack of confidence in our leadership.

Way to skip my previous post you cowardly dishonest hack. You know, the one where you dishonestly try to put words in my mouth so you could attack me for something i never said, AGAIN. So how about you go back and substantiate your attack or admit that you LIED and then we can talk about what I said compared to what you said in this post??

Oh and since you are big on proof can you prove you claims?? I didn't think so. LOL Way to expose your hypocrisy as you hold me to a different standard than you hold yourself. LOL

 

[drsmith1072]

Right now, the wealthy are enjoying the benefits of many years of Bush tax cuts.

So, WHERE THE FUCK ARE THE JOBS!?!?!?

How stupid do they think we are?

Nine years of tax cuts have not stimulated the economy. Why should we believe that continued tax cuts will suddenly cause job creation.

So here's a lesson for the wealthy: ya either use your money to invest in job creation or you lose it.

Right now companies world wide are enjoying very high profits. Are they creating jobs? NO!

Until there is a severe change in the distribution of wealth in this country we are going to have a continued recession and increasing taxes on the wealthy is the best place to start that change in wealth distribution.

And another socialist moonbat chimes in.

You want wealth?....Go out and work for it!....Get an education!....Nodody owes you a god damn thing!

You want to know what is hilarious?? We keep hearing from the right that it is a leftist tactic, taught by some guy the right has mentioned several times, to ignore the arguments and attack the messenger by calling them names and labeling them with a distasteful label and yet it seems that the right uses this tactic with far more regularity than the left. LOL

 

[JakeStarkey]

Stop the lying, Rab. No, the Kennedy tax cuts are not in effect. Yes, the Bush tax cuts are in effect right now.

We are in a recession, and we are not seeing those current tax rates of Bush start job growth.

Go lie to people who are dumb, sick folks to the far right. You are a moron if you think for a second that intelligent, thinking people are going to fall for your nonsense.

 

[The Rabbi]

Right now, the wealthy are enjoying the benefits of many years of Bush tax cuts.

So, WHERE THE FUCK ARE THE JOBS!?!?!?

How stupid do they think we are?

Nine years of tax cuts have not stimulated the economy. Why should we believe that continued tax cuts will suddenly cause job creation.

So here's a lesson for the wealthy: ya either use your money to invest in job creation or you lose it.

Right now companies world wide are enjoying very high profits. Are they creating jobs? NO!

Until there is a severe change in the distribution of wealth in this country we are going to have a continued recession and increasing taxes on the wealthy is the best place to start that change in wealth distribution.

And another socialist moonbat chimes in.

You want wealth?....Go out and work for it!....Get an education!....Nodody owes you a god damn thing!

You want to know what is hilarious?? We keep hearing from the right that it is a leftist tactic, taught by some guy the right has mentioned several times, to ignore the arguments and attack the messenger by calling them names and labeling them with a distasteful label and yet it seems that the right uses this tactic with far more regularity than the left. LOL

If you ever made an argument that wasn't at home in a kindergarten you might get taken seriously.
As it is, it's naptime for you.

 

[JakeStarkey]

The Rabbi is driven like a wild coney fleeing the death-dealing pursuit dogs. Flee, little coney, flee.

 

[The Rabbi]

The Rabbi is driven like a wild coney fleeing the death-dealing pursuit dogs. Flee, little coney, flee.

Talk about nap time. Had your diaper changed recently, Jakey?

 

[Mr. Shaman]

Do you??

If they alone will not do it then why are those on the right claiming that they will?? This thread is about the taxcuts, although its OP and its source made claims not supported by the facts, and all of the right wing claims about what extending the taxctus will do when they have shown that they won't do what the rightwingers claim and the proof is the fact that they haven't done so thus far.

BTW, Still waiting on you to explain your contradiction, how will extending the taxcuts NOW create job growth when all of the things that you claim are obstructing job growth will still be in affect if the taxcuts are extended??

Furthermore, you claim that taxcuts will produce, " higher wages, more productivity, greater GDP." and yet they haven't thus far so can you explain how they will magically do so if extended when they haven't done so even though they are active NOW?

There is no contradiction. The only contradiction is you writing an intelligent post. I have made the point very clearly. If you cannot understand it, have someone read the post to you.

There is a contradiction but you like so many others CHOOSE not to see it because that reality runs counter to your spin.
The fact is that the taxcuts are currently active and all of you right winger keep making claims about what extending them will do when they haven't accomplished those goals now even though they are active.

Bingoooooooooooooooo!!!



(They've gotta STILL be livin' in that parallel-universe!)

 

[Mr. Shaman]

There is no contradiction. The only contradiction is you writing an intelligent post. I have made the point very clearly. If you cannot understand it, have someone read the post to you.

There is a contradiction but you like so many others CHOOSE not to see it because that reality runs counter to your spin.
The fact is that the taxcuts are currently active and all of you right winger keep making claims about what extending them will do when they haven't accomplished those goals now even though they are active.
So what do you expect to magically change that will accomplish those goals when you haven't shown how anything will change??

I keep asking that question but it's funny how you hacks can only attack as you avoid it.

You ask questions and then don't like the answer and pretend I didnt answer it.
What do you mean "the tax cuts are currently active"??

You really-DO need to catch-UP!!!

 

[JakeStarkey]

The Rabbi clearly is fail here.

 

[Mr. Shaman]

Stop the lying, Rab. No, the Kennedy tax cuts are not in effect. Yes, the Bush tax cuts are in effect right now.

We are in a recession, and we are not seeing those current tax rates of Bush start job growth.

Hell....we haven't (even) seen the REAGAN-JOBS, yet!!!!!!!

​