Taxing the wealthy more will have little to no impact on your life or anyone around you

[Remodeling Maidiac]

Look how stupid the liberals are. They think this thread is about shrimp when it is just an example of wasteful spending.

Wasn't wasteful was it?

Kind of invalidates your thread

You never cease to prove your stupidity

Your thread based on a bogus premise kind of proved your stupidity

Just how stupid do you want to prove yourself to be? The shrimp example was just the needle in a haystack of wasteful spending that is the result of Congress having too much money and trying to find shit to spend it on as a result of the contributions to their campaigns.
Morons like you are the reason this type of nonsense continues. Increase taxes and you'll sit idly by as that increase in taxes results in NOTHING that benefits average Americans. Which is exactly what this thread is about. You're just too stupid to get it.
Also if this thread had no basis in reality it wouldn't have grown to 70 pages in one day, but your DESPERATE need to TRY to discredit it is noted

I have always found taxpayers to be more comfortable in believing the government wastes their tax dollars. It fuels their resentment for having to pay taxes.
In reality, the government is as good as any in the world. It can be expected some is wasted. But to make folks like gramps happy, there are always the bogus stories about shrimp on a treadmill to keep him happy.

Want to hear about that $600 toilet seat and that hammer?

I have always found people like you deserve the disaster you've created for yourselves. There is literally no rhyme or reason to the nonsensical garbage that spews forth from your face.

 

[rightwinger]

Wasn't wasteful was it?

Kind of invalidates your thread

You never cease to prove your stupidity

Your thread based on a bogus premise kind of proved your stupidity

Just how stupid do you want to prove yourself to be? The shrimp example was just the needle in a haystack of wasteful spending that is the result of Congress having too much money and trying to find shit to spend it on as a result of the contributions to their campaigns.
Morons like you are the reason this type of nonsense continues. Increase taxes and you'll sit idly by as that increase in taxes results in NOTHING that benefits average Americans. Which is exactly what this thread is about. You're just too stupid to get it.
Also if this thread had no basis in reality it wouldn't have grown to 70 pages in one day, but your DESPERATE need to TRY to discredit it is noted

I have always found taxpayers to be more comfortable in believing the government wastes their tax dollars. It fuels their resentment for having to pay taxes.
In reality, the government is as good as any in the world. It can be expected some is wasted. But to make folks like gramps happy, there are always the bogus stories about shrimp on a treadmill to keep him happy.

Want to hear about that $600 toilet seat and that hammer?

I have always found people like you deserve the disaster you've created for yourselves. There is literally no rhyme or reason to the nonsensical garbage that spews forth from your face.

So, why don't you tell me about that $600 toilet seat the stupid Gubmint bought?

 

[Remodeling Maidiac]

You never cease to prove your stupidity

Your thread based on a bogus premise kind of proved your stupidity

Just how stupid do you want to prove yourself to be? The shrimp example was just the needle in a haystack of wasteful spending that is the result of Congress having too much money and trying to find shit to spend it on as a result of the contributions to their campaigns.
Morons like you are the reason this type of nonsense continues. Increase taxes and you'll sit idly by as that increase in taxes results in NOTHING that benefits average Americans. Which is exactly what this thread is about. You're just too stupid to get it.
Also if this thread had no basis in reality it wouldn't have grown to 70 pages in one day, but your DESPERATE need to TRY to discredit it is noted

I have always found taxpayers to be more comfortable in believing the government wastes their tax dollars. It fuels their resentment for having to pay taxes.
In reality, the government is as good as any in the world. It can be expected some is wasted. But to make folks like gramps happy, there are always the bogus stories about shrimp on a treadmill to keep him happy.

Want to hear about that $600 toilet seat and that hammer?

I have always found people like you deserve the disaster you've created for yourselves. There is literally no rhyme or reason to the nonsensical garbage that spews forth from your face.

So, why don't you tell me about that $600 toilet seat the stupid Gubmint bought?

I have a better idea. I'm just going to ignore your dumbass.

Buhbye

 

[Ray From Cleveland]

Look how stupid the liberals are. They think this thread is about shrimp when it is just an example of wasteful spending.

Wasn't wasteful was it?

Kind of invalidates your thread

You never cease to prove your stupidity

Your thread based on a bogus premise kind of proved your stupidity

Just how stupid do you want to prove yourself to be? The shrimp example was just the needle in a haystack of wasteful spending that is the result of Congress having too much money and trying to find shit to spend it on as a result of the contributions to their campaigns.
Morons like you are the reason this type of nonsense continues. Increase taxes and you'll sit idly by as that increase in taxes results in NOTHING that benefits average Americans. Which is exactly what this thread is about. You're just too stupid to get it.
Also if this thread had no basis in reality it wouldn't have grown to 70 pages in one day, but your DESPERATE need to TRY to discredit it is noted

I have always found taxpayers to be more comfortable in believing the government wastes their tax dollars. It fuels their resentment for having to pay taxes.
In reality, the government is as good as any in the world. It can be expected some is wasted. But to make folks like gramps happy, there are always the bogus stories about shrimp on a treadmill to keep him happy.

Want to hear about that $600 toilet seat and that hammer?

I'm sure there are many of them.

While I don't get upset about hundreds of dollars, I do get upset when we talk millions or billions. Planned Parenthood comes to mind. So does the funding of things like NPR and PBS. How did Media Matters become tax exempt anyway?

Then of course we can visit our social programs that get ripped off by the billions every year such as Medicare and Medicaid.

You might think our government is no worse than any other, but I say it can be better......much better in treating our tax dollars as if it were all theirs.

 

[thereisnospoon]

None of the "help the poor" policies contributed to the economic crisis.

That's been debunked over and over again.

Forcing banks to grant mortgages to people who couldn't pay them is what caused the crisis, so your claim is pure bullshit.

I am always mystified at the ease with which some people ignore the unintended consequences of gov't meddling in business.

They conveniently forget it was gov't policy - as well intentioned as it may have been - that fueled the housing bubble and predictable implosion.

The same peeps whine incessantly about the jobs we export yet fail to recognize (or refuse to admit) that gov't policies - like those of the EPA - are directly responsible.

Deep down inside they may know that more gov't is a guarantee of failure but their solution is - drum roll, please - MORE GOV'T.

The government stopped redlining.

The only "unintended" consequence of that was gentrification.

The government had nothing to do with "forcing" the banks to make bad loans.

They did that on their own.

Banks were told in essence "if you don't make these loans, bend over and grab your ankles".....
In return, the federal government told the banks it would guarantee the paper AND made up the rules whereby mortgages could be packaged and sold as "investments"...The left wing politicians would look good to their constituents while the lenders were sold on a 'guarantee' of positive return....
Looking back it was the left wing of the federal government that was obsessed with the idea of increasing home ownership. The government screwed with the marketplace and created a disaster. Anyone with more than two functioning brain cells could see the impending disaster, but politics ruled and everyone was forced to hold their breath.
Now, banks that refused to play ball were indeed punished. Punished with intense federal audits.

Bullshit.

 

[thereisnospoon]

Forcing banks to grant mortgages to people who couldn't pay them is what caused the crisis, so your claim is pure bullshit.

I am always mystified at the ease with which some people ignore the unintended consequences of gov't meddling in business.

They conveniently forget it was gov't policy - as well intentioned as it may have been - that fueled the housing bubble and predictable implosion.

The same peeps whine incessantly about the jobs we export yet fail to recognize (or refuse to admit) that gov't policies - like those of the EPA - are directly responsible.

Deep down inside they may know that more gov't is a guarantee of failure but their solution is - drum roll, please - MORE GOV'T.

The government stopped redlining.

The only "unintended" consequence of that was gentrification.

The government had nothing to do with "forcing" the banks to make bad loans.

They did that on their own.

Banks were told in essence "if you don't make these loans, bend over and grab your ankles".....
In return, the federal government told the banks it would guarantee the paper AND made up the rules whereby mortgages could be packaged and sold as "investments"...The left wing politicians would look good to their constituents while the lenders were sold on a 'guarantee' of positive return....
Looking back it was the left wing of the federal government that was obsessed with the idea of increasing home ownership. The government screwed with the marketplace and created a disaster. Anyone with more than two functioning brain cells could see the impending disaster, but politics ruled and everyone was forced to hold their breath.
Now, banks that refused to play ball were indeed punished. Punished with intense federal audits.

Bullshit.

Your replies are nothing..You don't get to reply with "bullshit" and have that be the gospel.
Either offer up some kind of factual rebuttal or shut your trap...

 

[Sallow]

dear, it is about socializing costs while claiming to hate socialism.

What costs are being socialized?

See all the folks flying in first class on the plane?

Most of them are doing it on your dime.

I'm one of those folks, nimrod, and I'm not doing it on your dime.

Yeah?

No tax write off you little thief?

What the fuck are you talking about?

It's a business expense paid for by my clients. I have enough frequent flyer miles to get an automatic upgrade almost every time I fly. That's how most people end up in business class. It's a reward for being a loyal customer.

You don't write off this travel?

You'd be unique. Most businesses that send people to travel on airplanes, write it off.


Taxes for business travelers: What is and isn't deductible

And by the way, along with the write off, they get those miles.

Double dip.

 

[thereisnospoon]

We wouldn't have a welfare problem if the takers weren't so greedy.

So who is greedier: somebody that wants to keep more of their money that they earn or somebody that doesn't make money and wants somebody else's money instead?

All the takers are far from rich. The greedy are the ones with all the money.

It doesn't matter if or how rich they are. Greedy people are those that take from others who have earned it. Is it greedy of you because you have a savings account? Is it greedy of you to ask your employer for a raise? Is it greedy of you to look for bargains and deals at the stores or service centers? Of course not. You are only looking to keep more of what you earned. That's exactly what rich people do.

Greed is making lots of money while paying employees so little they are on welfare.

Is that what greed is?

If you need your car repaired and you have two garages to take it to, which one would you choose? The one that's going to charge you $850.00 or the one that's going to charge you $625.00?

If you decide to have somebody else cut and take care of your lawn, do you choose the company that's going to charge you $45.00 per cut, or are you going to use the company that charges $70.00 per cut?

Why would you or anybody else for that matter pay people more money than the job they are doing is worth? That's a sure sign of failure. And if you are overpaying your workers, you too will be looking for a job real soon because your competition will wipe you out in no time at all.

Well this extreme underpaying is what grows government. As long as the rich pay so little the gov will grow.

No one is underpaid. The marketplace dictates labor rates.
Stop complaining and DO something to help yourselves.

 

[Sallow]

I am always mystified at the ease with which some people ignore the unintended consequences of gov't meddling in business.

They conveniently forget it was gov't policy - as well intentioned as it may have been - that fueled the housing bubble and predictable implosion.

The same peeps whine incessantly about the jobs we export yet fail to recognize (or refuse to admit) that gov't policies - like those of the EPA - are directly responsible.

Deep down inside they may know that more gov't is a guarantee of failure but their solution is - drum roll, please - MORE GOV'T.

The government stopped redlining.

The only "unintended" consequence of that was gentrification.

The government had nothing to do with "forcing" the banks to make bad loans.

They did that on their own.

Banks were told in essence "if you don't make these loans, bend over and grab your ankles".....
In return, the federal government told the banks it would guarantee the paper AND made up the rules whereby mortgages could be packaged and sold as "investments"...The left wing politicians would look good to their constituents while the lenders were sold on a 'guarantee' of positive return....
Looking back it was the left wing of the federal government that was obsessed with the idea of increasing home ownership. The government screwed with the marketplace and created a disaster. Anyone with more than two functioning brain cells could see the impending disaster, but politics ruled and everyone was forced to hold their breath.
Now, banks that refused to play ball were indeed punished. Punished with intense federal audits.

Bullshit.

Your replies are nothing..You don't get to reply with "bullshit" and have that be the gospel.
Either offer up some kind of factual rebuttal or shut your trap...

Here's the thing.

Sitting behind your keyboard in your mom's basement telling me to "shut my trap" isn't very effective.

In fact?

It's a laugh riot.

 

[Sallow]

See all the folks flying in first class on the plane?

Most of them are doing it on your dime.

Alright you stupid fuck, you really don't know what you are talking about, and now I'm going to school you...

What do you know about airline operations? What do you know about pricing strategies? Answer: You don't know shit. On the other hand, I know quite a damn bit. See, when it comes to rates and inventory management airlines operate in a nearly identical fashion as hotels. I happen to work in the hotel industry, and I know exactly what goes on in these scenarios and I can tell you that you are so far off the fucking mark it's downright shameful that you've even opened your mouth.

My credentials:
Eight years of extensive hotel experience with primary emphasis in rooms and operations; have traversed multiple properties among some of the top companies in the world, and internationally established brands; primary emphasis on full service Four Diamond properties, though also have participated in the select service markets as well; a documented history of progressive development while also taking on inter-divisional responsibility; inter-property departmental management; divisional supervisory experience; current position as Assistant General Manager with a medium sized hotel directly overseeing Front Office and Housekeeping departments while liaising with corporate revenue management.

A hotel's inventory is composed of room nights; a room night is one room for one night. If a person books one room over three nights, they are purchasing a total of three room nights. If a person books three rooms over two nights, they are purchasing six room nights.

A hotel's inventory is perishable. If a hotel has 10 rooms that go vacant on a given night, then the hotel has lost 10 room nights that it will never again have the opportunity to sell. The ultimate goal of the hotel is to sell out every single night. Of course, this is not likely to happen. So the next goal is to sell as many room nights as possible, and to sell each room night at the highest rate at which you can convince people to buy. The main challenge here is that different people will be willing to buy at different prices. This is where yield management comes into play. In determining the optimum rates at which to sell, a hotel must forecast market demand at specific times and attempt to capitalize on that demand for each room night.

Thus, rates for a given room night are always variant. If the rates for a given room night are set too high, fewer people will buy and it will become necessary for the hotel to lower rates to solicit additional customers in order to increase occupancy as the specified date approaches. If rates are too low, the hotel will leave revenue on the table. Successful yield management requires operations and revenue managers to employ accurate estimations on the likelihood that new reservations will continue to be made when rates are set at a certain point.

This is where room class comes in. John may be willing to pay $200 for a room night, but Bill may only be willing to pay $150 for the same room night. Meanwhile, Frank may be willing to pay $250 for a room on the same night, but only if he receives a higher level of product that than what John and Bill are looking for. Therefore, hotels offer a diversity of room types, some of which constitute higher and lower room classes. So John buys a $200 room night in a standard room, Frank buys a $250 room night in a suite. Bill doesn't buy a room night because he's not willing to pay the advertised rate. Eventually the hotel realizes that the chances of rooms going empty is increasing as the date of interest approaches, and they begin advertising lower rates. Bill eventually buys a room night at $175, because as time has elapsed he has become more willing to pay more instead of risking not finding anything at all and having to sleep in his car.

On the other hand, there are also times when there will not be enough market demand to fill room nights in room classes that are priced higher than standard rooms. This is where room class overbooking comes into play. If all standard rooms have been booked for a certain day, but there are still several upgraded rooms that are available, the hotel will typically play both sides of the fence by continuing to advertise both room categories as available, at their respective rates. There is still a chance that someone may be willing to buy the room night at the higher rate. But in case nobody is willing, the hotel will continue to offer room nights at the lower class rate as long as the overbooking can be balanced against whatever higher class rooms go unbought. The hotel will simply provide complimentary upgrades to a few lucky customers. Often times, the recipients of complimentary upgrades will be pre-selected based on multiple criteria, such as total duration of stay (it's easier to upgrade a one-nighter because tomorrow night the higher room class might be sold out already). But one of the key factors that is taken into account is their rate. The more money I'm making from you, the greater preference you receive when I hand out complimentary upgrades.

And that brings us to the issue of customer loyalty. Modern business practices have recognized that keeping customers is cheaper than finding new customers (at least, smart businesses have realized this; some industries such as cell phone service providers seem to have not figured this out very well). In a free market where there is ample competition, promotions that encourage loyalty generally produce a better return on investment than promotions that solicit new customers. Thus, loyalty rewards programs have become common place in our modern world. These programs encourage loyalty, and reward those who demonstrate the greatest degrees of loyalty. One of the easiest and cheapest ways to reward higher tier loyalty members is to give them first preference for upgrades. It's not just cheap, it's actually completely free because the hotel doesn't forgo any opportunities to sell higher rated rooms. If someone is willing to buy the room class that has a higher rate they will have the opportunity to do so. If not, we will give high loyalty customers a complimentary upgrade and in doing so reemphasize to them why they should remain loyal to us.

So your wild idea that people who are in lower class accommodations are somehow subsidizing those who are in higher class accommodations is absolute horseshit. It's born of your complete and total ignorance. The only thing that prevents your notion from being absolutely laughable, is just how pathetically sad it is.

Pfft.

I owned my own bar and have worked for the financial industry for over 15 years. That includes New York Stock Exchange, Sungard and Bloomberg.

Don't try to pull the wool over my eyes, sonny boy.

 

[thereisnospoon]

What costs are being socialized?

See all the folks flying in first class on the plane?

Most of them are doing it on your dime.

I'm one of those folks, nimrod, and I'm not doing it on your dime.

Yeah?

No tax write off you little thief?

What the fuck are you talking about?

It's a business expense paid for by my clients. I have enough frequent flyer miles to get an automatic upgrade almost every time I fly. That's how most people end up in business class. It's a reward for being a loyal customer.

You don't write off this travel?

You'd be unique. Most businesses that send people to travel on airplanes, write it off.


Taxes for business travelers: What is and isn't deductible

And by the way, along with the write off, they get those miles.

Double dip.

The get the write off because THEY front the money for the travel....
Its the same as Comp time in lieu of overtime.
The company trades the worker for additional time off at straight time, while the employee essentially fronts the overtime pay.
They get more paid time off in return. If my employer switched us to comp time, I'd love it. More paid free time? Are you kidding? That's a bonus!
Conversely, the employer and employee get to realize the savings from the additional taxation collected as overtime wages are taxed at a much higher rate. Everybody wins.

 

[thereisnospoon]

The government stopped redlining.

The only "unintended" consequence of that was gentrification.

The government had nothing to do with "forcing" the banks to make bad loans.

They did that on their own.

Banks were told in essence "if you don't make these loans, bend over and grab your ankles".....
In return, the federal government told the banks it would guarantee the paper AND made up the rules whereby mortgages could be packaged and sold as "investments"...The left wing politicians would look good to their constituents while the lenders were sold on a 'guarantee' of positive return....
Looking back it was the left wing of the federal government that was obsessed with the idea of increasing home ownership. The government screwed with the marketplace and created a disaster. Anyone with more than two functioning brain cells could see the impending disaster, but politics ruled and everyone was forced to hold their breath.
Now, banks that refused to play ball were indeed punished. Punished with intense federal audits.

Bullshit.

Your replies are nothing..You don't get to reply with "bullshit" and have that be the gospel.
Either offer up some kind of factual rebuttal or shut your trap...

Here's the thing.

Sitting behind your keyboard in your mom's basement telling me to "shut my trap" isn't very effective.

In fact?

It's a laugh riot.

No basement here. Own my own home. And I provided facts. You provided "bullshit"...
The facts counter your shitty narrative. Your LIE.....

 

[Sallow]

See all the folks flying in first class on the plane?

Most of them are doing it on your dime.

I'm one of those folks, nimrod, and I'm not doing it on your dime.

Yeah?

No tax write off you little thief?

What the fuck are you talking about?

It's a business expense paid for by my clients. I have enough frequent flyer miles to get an automatic upgrade almost every time I fly. That's how most people end up in business class. It's a reward for being a loyal customer.

You don't write off this travel?

You'd be unique. Most businesses that send people to travel on airplanes, write it off.


Taxes for business travelers: What is and isn't deductible

And by the way, along with the write off, they get those miles.

Double dip.

The get the write off because THEY front the money for the travel....
Its the same as Comp time in lieu of overtime.
The company trades the worker for additional time off at straight time, while the employee essentially fronts the overtime pay.
They get more paid time off in return. If my employer switched us to comp time, I'd love it. More paid free time? Are you kidding? That's a bonus!
Conversely, the employer and employee get to realize the savings from the additional taxation collected as overtime wages are taxed at a much higher rate. Everybody wins.

When you deduct the travel from taxes, that means less taxes are collected.

It's:

A. A subsidy to the company that is doing the deduction.
B. It's a subsidy to the travel industry.
C. It's a subsidy to the credit card industry.

Someone has to pay for that.

 

[thereisnospoon]

See all the folks flying in first class on the plane?

Most of them are doing it on your dime.

Alright you stupid fuck, you really don't know what you are talking about, and now I'm going to school you...

What do you know about airline operations? What do you know about pricing strategies? Answer: You don't know shit. On the other hand, I know quite a damn bit. See, when it comes to rates and inventory management airlines operate in a nearly identical fashion as hotels. I happen to work in the hotel industry, and I know exactly what goes on in these scenarios and I can tell you that you are so far off the fucking mark it's downright shameful that you've even opened your mouth.

My credentials:
Eight years of extensive hotel experience with primary emphasis in rooms and operations; have traversed multiple properties among some of the top companies in the world, and internationally established brands; primary emphasis on full service Four Diamond properties, though also have participated in the select service markets as well; a documented history of progressive development while also taking on inter-divisional responsibility; inter-property departmental management; divisional supervisory experience; current position as Assistant General Manager with a medium sized hotel directly overseeing Front Office and Housekeeping departments while liaising with corporate revenue management.

A hotel's inventory is composed of room nights; a room night is one room for one night. If a person books one room over three nights, they are purchasing a total of three room nights. If a person books three rooms over two nights, they are purchasing six room nights.

A hotel's inventory is perishable. If a hotel has 10 rooms that go vacant on a given night, then the hotel has lost 10 room nights that it will never again have the opportunity to sell. The ultimate goal of the hotel is to sell out every single night. Of course, this is not likely to happen. So the next goal is to sell as many room nights as possible, and to sell each room night at the highest rate at which you can convince people to buy. The main challenge here is that different people will be willing to buy at different prices. This is where yield management comes into play. In determining the optimum rates at which to sell, a hotel must forecast market demand at specific times and attempt to capitalize on that demand for each room night.

Thus, rates for a given room night are always variant. If the rates for a given room night are set too high, fewer people will buy and it will become necessary for the hotel to lower rates to solicit additional customers in order to increase occupancy as the specified date approaches. If rates are too low, the hotel will leave revenue on the table. Successful yield management requires operations and revenue managers to employ accurate estimations on the likelihood that new reservations will continue to be made when rates are set at a certain point.

This is where room class comes in. John may be willing to pay $200 for a room night, but Bill may only be willing to pay $150 for the same room night. Meanwhile, Frank may be willing to pay $250 for a room on the same night, but only if he receives a higher level of product that than what John and Bill are looking for. Therefore, hotels offer a diversity of room types, some of which constitute higher and lower room classes. So John buys a $200 room night in a standard room, Frank buys a $250 room night in a suite. Bill doesn't buy a room night because he's not willing to pay the advertised rate. Eventually the hotel realizes that the chances of rooms going empty is increasing as the date of interest approaches, and they begin advertising lower rates. Bill eventually buys a room night at $175, because as time has elapsed he has become more willing to pay more instead of risking not finding anything at all and having to sleep in his car.

On the other hand, there are also times when there will not be enough market demand to fill room nights in room classes that are priced higher than standard rooms. This is where room class overbooking comes into play. If all standard rooms have been booked for a certain day, but there are still several upgraded rooms that are available, the hotel will typically play both sides of the fence by continuing to advertise both room categories as available, at their respective rates. There is still a chance that someone may be willing to buy the room night at the higher rate. But in case nobody is willing, the hotel will continue to offer room nights at the lower class rate as long as the overbooking can be balanced against whatever higher class rooms go unbought. The hotel will simply provide complimentary upgrades to a few lucky customers. Often times, the recipients of complimentary upgrades will be pre-selected based on multiple criteria, such as total duration of stay (it's easier to upgrade a one-nighter because tomorrow night the higher room class might be sold out already). But one of the key factors that is taken into account is their rate. The more money I'm making from you, the greater preference you receive when I hand out complimentary upgrades.

And that brings us to the issue of customer loyalty. Modern business practices have recognized that keeping customers is cheaper than finding new customers (at least, smart businesses have realized this; some industries such as cell phone service providers seem to have not figured this out very well). In a free market where there is ample competition, promotions that encourage loyalty generally produce a better return on investment than promotions that solicit new customers. Thus, loyalty rewards programs have become common place in our modern world. These programs encourage loyalty, and reward those who demonstrate the greatest degrees of loyalty. One of the easiest and cheapest ways to reward higher tier loyalty members is to give them first preference for upgrades. It's not just cheap, it's actually completely free because the hotel doesn't forgo any opportunities to sell higher rated rooms. If someone is willing to buy the room class that has a higher rate they will have the opportunity to do so. If not, we will give high loyalty customers a complimentary upgrade and in doing so reemphasize to them why they should remain loyal to us.

So your wild idea that people who are in lower class accommodations are somehow subsidizing those who are in higher class accommodations is absolute horseshit. It's born of your complete and total ignorance. The only thing that prevents your notion from being absolutely laughable, is just how pathetically sad it is.

Pfft.

I owned my own bar and have worked for the financial industry for over 15 years. That includes New York Stock Exchange, Sungard and Bloomberg.

Don't try to pull the wool over my eyes, sonny boy.

Who the fuck cares what you've done in the past. Obviously your choices were not so fulfilling because all you do is come here to bitch and moan.

 

[Sallow]

Banks were told in essence "if you don't make these loans, bend over and grab your ankles".....
In return, the federal government told the banks it would guarantee the paper AND made up the rules whereby mortgages could be packaged and sold as "investments"...The left wing politicians would look good to their constituents while the lenders were sold on a 'guarantee' of positive return....
Looking back it was the left wing of the federal government that was obsessed with the idea of increasing home ownership. The government screwed with the marketplace and created a disaster. Anyone with more than two functioning brain cells could see the impending disaster, but politics ruled and everyone was forced to hold their breath.
Now, banks that refused to play ball were indeed punished. Punished with intense federal audits.

Bullshit.

Your replies are nothing..You don't get to reply with "bullshit" and have that be the gospel.
Either offer up some kind of factual rebuttal or shut your trap...

Here's the thing.

Sitting behind your keyboard in your mom's basement telling me to "shut my trap" isn't very effective.

In fact?

It's a laugh riot.

No basement here. Own my own home. And I provided facts. You provided "bullshit"...
The facts counter your shitty narrative. Your LIE.....

You got no "facts". Just a bunch of racist crapola that says that non-white people pulled the government down because lily white bankers were "Forced" to loan them money.

That's not what the CRA did at all.

What it did was to stop the practice of "red lining".

The bogus loans were actually made in large part by predatory lending outfits that had the backing of big firms like Goldman Sachs.

Many of these outfits lied to and about the applicants. They lied to them about the terms of the loan and the lied to the loan backers by ginning up the data on the loan applications.

Additionally many of these loans were some folks actually refinancing to start businesses or do home improvement.

Several things happened. Businesses failed, there was a financial collapse which led to massive job loss which led to loans defaulting which led to Mortgage backed securities going south which led to panic in the insurance industry, namely AIG.

But don't let the facts get in the way of your fucking racist meme.

 

[thereisnospoon]

I'm one of those folks, nimrod, and I'm not doing it on your dime.

Yeah?

No tax write off you little thief?

What the fuck are you talking about?

It's a business expense paid for by my clients. I have enough frequent flyer miles to get an automatic upgrade almost every time I fly. That's how most people end up in business class. It's a reward for being a loyal customer.

You don't write off this travel?

You'd be unique. Most businesses that send people to travel on airplanes, write it off.


Taxes for business travelers: What is and isn't deductible

And by the way, along with the write off, they get those miles.

Double dip.

The get the write off because THEY front the money for the travel....
Its the same as Comp time in lieu of overtime.
The company trades the worker for additional time off at straight time, while the employee essentially fronts the overtime pay.
They get more paid time off in return. If my employer switched us to comp time, I'd love it. More paid free time? Are you kidding? That's a bonus!
Conversely, the employer and employee get to realize the savings from the additional taxation collected as overtime wages are taxed at a much higher rate. Everybody wins.

When you deduct the travel from taxes, that means less taxes are collected.

It's:

A. A subsidy to the company that is doing the deduction.
B. It's a subsidy to the travel industry.
C. It's a subsidy to the credit card industry.

Someone has to pay for that.

Then call your US Senator and US House rep and demand they change the tax code.
Offers from GOP members of Congress have been made to simplify the US Tax Code and you libs keep resisting any changes.
For example, a flat tax and/or a fair tax would eliminate most deductions. But your side counters with "but what about"...So it is YOUR fault....
Once again, you want it both ways.
With each post, you fall farther behind in the argument.
You make no sense. As is the case for most people who do nothing but complain.

 

[Sallow]

See all the folks flying in first class on the plane?

Most of them are doing it on your dime.

Alright you stupid fuck, you really don't know what you are talking about, and now I'm going to school you...

What do you know about airline operations? What do you know about pricing strategies? Answer: You don't know shit. On the other hand, I know quite a damn bit. See, when it comes to rates and inventory management airlines operate in a nearly identical fashion as hotels. I happen to work in the hotel industry, and I know exactly what goes on in these scenarios and I can tell you that you are so far off the fucking mark it's downright shameful that you've even opened your mouth.

My credentials:
Eight years of extensive hotel experience with primary emphasis in rooms and operations; have traversed multiple properties among some of the top companies in the world, and internationally established brands; primary emphasis on full service Four Diamond properties, though also have participated in the select service markets as well; a documented history of progressive development while also taking on inter-divisional responsibility; inter-property departmental management; divisional supervisory experience; current position as Assistant General Manager with a medium sized hotel directly overseeing Front Office and Housekeeping departments while liaising with corporate revenue management.

A hotel's inventory is composed of room nights; a room night is one room for one night. If a person books one room over three nights, they are purchasing a total of three room nights. If a person books three rooms over two nights, they are purchasing six room nights.

A hotel's inventory is perishable. If a hotel has 10 rooms that go vacant on a given night, then the hotel has lost 10 room nights that it will never again have the opportunity to sell. The ultimate goal of the hotel is to sell out every single night. Of course, this is not likely to happen. So the next goal is to sell as many room nights as possible, and to sell each room night at the highest rate at which you can convince people to buy. The main challenge here is that different people will be willing to buy at different prices. This is where yield management comes into play. In determining the optimum rates at which to sell, a hotel must forecast market demand at specific times and attempt to capitalize on that demand for each room night.

Thus, rates for a given room night are always variant. If the rates for a given room night are set too high, fewer people will buy and it will become necessary for the hotel to lower rates to solicit additional customers in order to increase occupancy as the specified date approaches. If rates are too low, the hotel will leave revenue on the table. Successful yield management requires operations and revenue managers to employ accurate estimations on the likelihood that new reservations will continue to be made when rates are set at a certain point.

This is where room class comes in. John may be willing to pay $200 for a room night, but Bill may only be willing to pay $150 for the same room night. Meanwhile, Frank may be willing to pay $250 for a room on the same night, but only if he receives a higher level of product that than what John and Bill are looking for. Therefore, hotels offer a diversity of room types, some of which constitute higher and lower room classes. So John buys a $200 room night in a standard room, Frank buys a $250 room night in a suite. Bill doesn't buy a room night because he's not willing to pay the advertised rate. Eventually the hotel realizes that the chances of rooms going empty is increasing as the date of interest approaches, and they begin advertising lower rates. Bill eventually buys a room night at $175, because as time has elapsed he has become more willing to pay more instead of risking not finding anything at all and having to sleep in his car.

On the other hand, there are also times when there will not be enough market demand to fill room nights in room classes that are priced higher than standard rooms. This is where room class overbooking comes into play. If all standard rooms have been booked for a certain day, but there are still several upgraded rooms that are available, the hotel will typically play both sides of the fence by continuing to advertise both room categories as available, at their respective rates. There is still a chance that someone may be willing to buy the room night at the higher rate. But in case nobody is willing, the hotel will continue to offer room nights at the lower class rate as long as the overbooking can be balanced against whatever higher class rooms go unbought. The hotel will simply provide complimentary upgrades to a few lucky customers. Often times, the recipients of complimentary upgrades will be pre-selected based on multiple criteria, such as total duration of stay (it's easier to upgrade a one-nighter because tomorrow night the higher room class might be sold out already). But one of the key factors that is taken into account is their rate. The more money I'm making from you, the greater preference you receive when I hand out complimentary upgrades.

And that brings us to the issue of customer loyalty. Modern business practices have recognized that keeping customers is cheaper than finding new customers (at least, smart businesses have realized this; some industries such as cell phone service providers seem to have not figured this out very well). In a free market where there is ample competition, promotions that encourage loyalty generally produce a better return on investment than promotions that solicit new customers. Thus, loyalty rewards programs have become common place in our modern world. These programs encourage loyalty, and reward those who demonstrate the greatest degrees of loyalty. One of the easiest and cheapest ways to reward higher tier loyalty members is to give them first preference for upgrades. It's not just cheap, it's actually completely free because the hotel doesn't forgo any opportunities to sell higher rated rooms. If someone is willing to buy the room class that has a higher rate they will have the opportunity to do so. If not, we will give high loyalty customers a complimentary upgrade and in doing so reemphasize to them why they should remain loyal to us.

So your wild idea that people who are in lower class accommodations are somehow subsidizing those who are in higher class accommodations is absolute horseshit. It's born of your complete and total ignorance. The only thing that prevents your notion from being absolutely laughable, is just how pathetically sad it is.

Pfft.

I owned my own bar and have worked for the financial industry for over 15 years. That includes New York Stock Exchange, Sungard and Bloomberg.

Don't try to pull the wool over my eyes, sonny boy.

Who the fuck cares what you've done in the past. Obviously your choices were not so fulfilling because all you do is come here to bitch and moan.

You should read the post I replied too.

Moron.

 

[Sallow]

Yeah?

No tax write off you little thief?

What the fuck are you talking about?

It's a business expense paid for by my clients. I have enough frequent flyer miles to get an automatic upgrade almost every time I fly. That's how most people end up in business class. It's a reward for being a loyal customer.

You don't write off this travel?

You'd be unique. Most businesses that send people to travel on airplanes, write it off.


Taxes for business travelers: What is and isn't deductible

And by the way, along with the write off, they get those miles.

Double dip.

The get the write off because THEY front the money for the travel....
Its the same as Comp time in lieu of overtime.
The company trades the worker for additional time off at straight time, while the employee essentially fronts the overtime pay.
They get more paid time off in return. If my employer switched us to comp time, I'd love it. More paid free time? Are you kidding? That's a bonus!
Conversely, the employer and employee get to realize the savings from the additional taxation collected as overtime wages are taxed at a much higher rate. Everybody wins.

When you deduct the travel from taxes, that means less taxes are collected.

It's:

A. A subsidy to the company that is doing the deduction.
B. It's a subsidy to the travel industry.
C. It's a subsidy to the credit card industry.

Someone has to pay for that.

Then call your US Senator and US House rep and demand they change the tax code.
Offers from GOP members of Congress have been made to simplify the US Tax Code and you libs keep resisting any changes.
For example, a flat tax and/or a fair tax would eliminate most deductions. But your side counters with "but what about"...So it is YOUR fault....
Once again, you want it both ways.
With each post, you fall farther behind in the argument.
You make no sense. As is the case for most people who do nothing but complain.

First you post I should write my congressman to ask for a flat tax and they you post I make no sense.



Flat tax is bull.

Simple enough.

 

[Ray From Cleveland]

Bullshit.

Your replies are nothing..You don't get to reply with "bullshit" and have that be the gospel.
Either offer up some kind of factual rebuttal or shut your trap...

Here's the thing.

Sitting behind your keyboard in your mom's basement telling me to "shut my trap" isn't very effective.

In fact?

It's a laugh riot.

No basement here. Own my own home. And I provided facts. You provided "bullshit"...
The facts counter your shitty narrative. Your LIE.....

You got no "facts". Just a bunch of racist crapola that says that non-white people pulled the government down because lily white bankers were "Forced" to loan them money.

That's not what the CRA did at all.

What it did was to stop the practice of "red lining".

The bogus loans were actually made in large part by predatory lending outfits that had the backing of big firms like Goldman Sachs.

Many of these outfits lied to and about the applicants. They lied to them about the terms of the loan and the lied to the loan backers by ginning up the data on the loan applications.

Additionally many of these loans were some folks actually refinancing to start businesses or do home improvement.

Several things happened. Businesses failed, there was a financial collapse which led to massive job loss which led to loans defaulting which led to Mortgage backed securities going south which led to panic in the insurance industry, namely AIG.

But don't let the facts get in the way of your fucking racist meme.

The main goal that caused the bubble and bust was to put minorities and poor into houses of their own. Government lowered the standards several times because these people were not credit worthy.

It eventually came down to 0% down and no credit checks for applicants who were put on ARM loans. These uneducated people didn't know or care about ARM loans and what it meant to them.

If it wasn't bad enough they could barely make the house payments (if they were making them at all) interest rates went up. Banks began foreclosing on all those homes and the collapse began.

 

[thereisnospoon]

Bullshit.

Your replies are nothing..You don't get to reply with "bullshit" and have that be the gospel.
Either offer up some kind of factual rebuttal or shut your trap...

Here's the thing.

Sitting behind your keyboard in your mom's basement telling me to "shut my trap" isn't very effective.

In fact?

It's a laugh riot.

No basement here. Own my own home. And I provided facts. You provided "bullshit"...
The facts counter your shitty narrative. Your LIE.....

You got no "facts". Just a bunch of racist crapola that says that non-white people pulled the government down because lily white bankers were "Forced" to loan them money.

That's not what the CRA did at all.

What it did was to stop the practice of "red lining".

The bogus loans were actually made in large part by predatory lending outfits that had the backing of big firms like Goldman Sachs.

Many of these outfits lied to and about the applicants. They lied to them about the terms of the loan and the lied to the loan backers by ginning up the data on the loan applications.

Additionally many of these loans were some folks actually refinancing to start businesses or do home improvement.

Several things happened. Businesses failed, there was a financial collapse which led to massive job loss which led to loans defaulting which led to Mortgage backed securities going south which led to panic in the insurance industry, namely AIG.

But don't let the facts get in the way of your fucking racist meme.

Racist crap? Where did I mention race?
You are the racist because you assume most sub prime loans were made to minorities. You are DEAD WRONG....
Red lining as it is told by the left never existed.....Your side wanted banks to have different lower standards for people just because they were members of minority groups. That in an of itself is racism. In fact most of the sub prime loans went to people who had NO BUSINESS buying a home.
The banking industry warned the government that this was a very bad idea. And as it turned out, they were right. So now we're right back where we started. Those financially ill equipped to purchase a home are still ill equipped.
Oh, the term "predatory lending" is a farce. It only came about as part of a narrative to cover for the libs who mad these loans possible. No one ever wanted to touch the fact that while there was irresponsible lending practices, mainly from tract builders eager to sell starter homes, the fact that there was just as much irresponsible borrowing.
You calling me a racist when I never mentioned race makes you look like a hysterical idiot.
BTW, genius, right in your backyard are literally thousands of expensive homes, some valued at over one million dollars lost to foreclosure due to these same government lending mandates.
So please, you can pull the wool over the eyes of some with your elitist liberal New York attitude, but you have a lot of catching up to even figure out where I've been.
At the end of the day, some in the federal government decided owning a home was a "right" rather than an accomplishment of financial responsibility and then proceeded to screw up the entire housing marketplace.
So yeah, bring some facts or shut up.