AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jan 30, 2012 19:29:52 GMT -5
To say nothing about the thousands of jobs created by the billionaires multiple businesses (highway construction among them- doubtful we're making highway in China and re-importing them?)
Just an example of what's at stake when we talk about punitive tax rates...
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Sum Dum Gai
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Post by Sum Dum Gai on Jan 30, 2012 19:34:32 GMT -5
Who needs jobs when we could take the billionaires money and redistribute it without having to work 9-5? If you took the millions that dude is spending on his yacht and divided it 225 ways, how much money would each person get and they could they stretch that out longer than 4 years? Plus they wouldn't have to work for it. It's a win-win.
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Deleted
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Post by Deleted on Jan 30, 2012 20:03:46 GMT -5
DH--Sadly, some might think what you just said in jest is actually a good idea....
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Post by Deleted on Jan 30, 2012 20:16:00 GMT -5
LOL
If a guy like Paul wasn't real, he might have to be invented. Hilarious.
Paul, the billionaires thank you for sticking up for them...*snicker*, really they do. They thank you for your support.
I like a lower middle class guy sticking up for billionaires...all is right with the world. The peasants know their place.
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djAdvocate
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Post by djAdvocate on Jan 30, 2012 20:21:33 GMT -5
To say nothing about the thousands of jobs created by the billionaires multiple businesses (highway construction among them- doubtful we're making highway in China and re-importing them?) Just an example of what's at stake when we talk about punitive tax rates... you don't know that billionaires would stop buying yachts if their taxes were higher.
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Value Buy
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Post by Value Buy on Jan 30, 2012 20:26:30 GMT -5
To say nothing about the thousands of jobs created by the billionaires multiple businesses (highway construction among them- doubtful we're making highway in China and re-importing them?) Just an example of what's at stake when we talk about punitive tax rates... you don't know that billionaires would stop buying yachts if their taxes were higher. But we do know John Kerry (almost a billionaire) will hide his yacht in a neighboring state to avoid taxes.
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djAdvocate
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Post by djAdvocate on Jan 30, 2012 20:28:56 GMT -5
you don't know that billionaires would stop buying yachts if their taxes were higher. But we do know John Kerry (almost a billionaire) will hide his yacht in a neighboring state to avoid taxes. his prerogative. i think yachts are totally lame.
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Deleted
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Post by Deleted on Jan 30, 2012 20:34:09 GMT -5
I wonder how many jobs I create when I take a .
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Sum Dum Gai
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Post by Sum Dum Gai on Jan 30, 2012 20:42:13 GMT -5
I wonder how many jobs I create when I take a . Quite a few probably. It takes a fair amount of work to treat waste water. Not to mention the job for the bum washer, if you employ one. If not you need to look into it. I'd give up my gardener and the maid before I'd lose my bum washer!
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jan 30, 2012 21:47:04 GMT -5
The billionaire can just pay his own workers a living wage, be a hundred thousand aire instead and let the workers spend it on their groceries, homes and cars. You have no information on what the workers were paid. You don't pick up day laborers from the Home Depot parking lot to work on something like this. My guess is the vast majority of the jobs were skilled jobs. Let's not forget the restaurants, groceries, car dealers, and homes-- since you brought it up-- where these workers spend the money they earn. Let's not forget the taxes paid by these workers. Let's not forget the unemployment checks they don't need. And while some people think DH's ideas are solid- they ignore the fact that you can only take that money one time. Once people get wind their private property will be seized, they stop producing. We already went through this with the silly "luxury tax".
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jan 30, 2012 21:47:53 GMT -5
LOL If a guy like Paul wasn't real, he might have to be invented. Hilarious. Paul, the billionaires thank you for sticking up for them...*snicker*, really they do. They thank you for your support. I like a lower middle class guy sticking up for billionaires...all is right with the world. The peasants know their place. You obviously didn't pay attention to the story of the yacht owner.
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Post by Deleted on Jan 30, 2012 22:08:26 GMT -5
you don't know that billionaires would stop buying yachts if their taxes were higher.
No that's true. Just like a while back we didn't know if you taxed the wealthy more if they would move. The left said that they would pay the taxes, the right said that they would move (because it's kind of common sense). Then one of the states did just that because they needed more money coming in. What state was that NJ? Anyway the next year they collected LESS in taxes because there were less rich people in the state. It wasn't a surprise to many.
As for millionaires they made their money, they didn't "take" it from the middle class or poor. However it was received it wasn't "taken". Oh & it won't be divided up for the middle class are the poor. That's pure bull. Just look at where the government spends money. People get a clue. Your being used to steal & you should feel dirty (& dumb).
Taxes: A flat tax is the way to go.
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usaone
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Post by usaone on Jan 30, 2012 22:25:23 GMT -5
Let them move out of the US if they want too. They won't.
The poor Billionaires. Unbelievable.
And you guys will be surprised when we lose to Obama again in 2012.
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usaone
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Post by usaone on Jan 30, 2012 22:27:41 GMT -5
Our money was taken Old Tex.
Who do you think took out all the money in the market in 2008 and 2009?
It wasn't the poor or middle class.
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usaone
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Post by usaone on Jan 30, 2012 22:30:44 GMT -5
The super rich did this in 1929.
The government went after them and taxed the heck out of them and got our money back.
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djAdvocate
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Post by djAdvocate on Jan 30, 2012 22:43:51 GMT -5
you don't know that billionaires would stop buying yachts if their taxes were higher. No that's true. Just like a while back we didn't know if you taxed the wealthy more if they would move. The left said that they would pay the taxes, the right said that they would move (because it's kind of common sense). there is nothing commonsensical about moving. moving is a huge decision, unless you are single, and most rich guys are NOT. paying taxes, on the other hand, is commonsensical, unless you like breaking the law. most people don't.
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djAdvocate
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Post by djAdvocate on Jan 30, 2012 22:45:54 GMT -5
Taxes: A flat tax is the way to go. a flat tax would clearly be an improvement on what we have, for the average American, given the regressive nature of taxation as tipified by Mitt.
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djAdvocate
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Post by djAdvocate on Jan 30, 2012 22:47:38 GMT -5
The super rich did this in 1929. The government went after them and taxed the heck out of them and got our money back. populism is a knife that cuts both ways. Gingrich doesn't have a clue about the fury he is unleashing.
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Post by Deleted on Jan 30, 2012 22:48:58 GMT -5
"Who do you think took out all the money in the market in 2008 and 2009?"
What do you mean by "took out all the money"? If a stock drops from $10 to $9, that doesn't necessarily mean someone took out a dollar. All shares of all stocks are always owned by someone. ---------------------------------------------------
"It wasn't the poor or middle class."
The average Joe pulled their money out of the market in droves. Probably moreso than the rich. The average Joe tends to buy high and sell low. Who's fault is that?
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Post by Deleted on Jan 30, 2012 22:50:22 GMT -5
"Washington Group International was an American corporation which provided integrated engineering, construction and management services to businesses and governments around the world."
So he provided jobs to Americans by exporting services to other countries?
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jan 30, 2012 23:21:23 GMT -5
The super rich did this in 1929. The government went after them and taxed the heck out of them and got our money back. populism is a knife that cuts both ways. Gingrich doesn't have a clue about the fury he is unleashing. On that we agree. This is what mystifies me about his class warfare attacks on Mitt from the left. I think that's why he is struggling to a large degree.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jan 30, 2012 23:22:58 GMT -5
"Washington Group International was an American corporation which provided integrated engineering, construction and management services to businesses and governments around the world." So he provided jobs to Americans by exporting services to other countries? The founder of Caterpillar recently tried to explain that we need businesses to open factories and create jobs overseas in order to have a market for Caterpillars exports-- a huge part of their business.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jan 30, 2012 23:24:05 GMT -5
The super rich did this in 1929. The government went after them and taxed the heck out of them and got our money back. Ah, the myth of the "Robber Barons". I'm not even going to go down this road. It's a dead end.
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usaone
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Post by usaone on Jan 30, 2012 23:58:08 GMT -5
"Who do you think took out all the money in the market in 2008 and 2009?" What do you mean by "took out all the money"? If a stock drops from $10 to $9, that doesn't necessarily mean someone took out a dollar. All shares of all stocks are always owned by someone. --------------------------------------------------- "It wasn't the poor or middle class." The average Joe pulled their money out of the market in droves. Probably moreso than the rich. The average Joe tends to buy high and sell low. Who's fault is that? The average Joe did not pull there money out. The average Joe doesn't buy high and sell low. They are buy and hold. Every week taking a portion of their paycheck out and investing in the market. Then when they retire they start to withdraw a portion every year to live on. Except when the top 1% grabbed half of the middle class retirement nest egg and ran.
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usaone
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Post by usaone on Jan 30, 2012 23:59:39 GMT -5
The super rich did this in 1929. The government went after them and taxed the heck out of them and got our money back. Ah, the myth of the "Robber Barons". I'm not even going to go down this road. It's a dead end. No it's not a dead end.
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deziloooooo
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Post by deziloooooo on Jan 31, 2012 0:04:36 GMT -5
I certainly wasn't joking. The extreme concentration of wealth is choking the economy. Seems the French took that feeling to the extremes , came up with a way to solve the problem or at least a fellow called Guillotine did and the French then made good use of his invention but doesn't seemed to have really solved the problem beyond taking some of the pizazz out of the society of the time.. Envy can really be a terrible downer when so many get caught up in it...
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Sum Dum Gai
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Post by Sum Dum Gai on Jan 31, 2012 0:09:59 GMT -5
The average Joe doesn't buy low and sell high. They are buy and hold. Every week taking a portion of their paycheck out and investing in the market. Not even remotely true. The average investor doesn't have the patience to invest this way. They do indeed invest primarily through paycheck deductions, but they can't help but screw with their investments constantly. When the market tanks they panic and move everything into a money market or bond fund. When it starts to correct they wait until it's back to testing the highs before they get out of their conservative positions and buy back into equities. They move from one fund to another all the time chasing last years returns. Quite a few think the whole thing is rigged and never buy equities to begin with. They stick all their 401k money in money market funds that barely keep up with inflation, then 10 or 15 years later start whining about how 401ks are unsustainable because nobody makes any money in them and will never be able to retire. Your average investor is a friggin moron.
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usaone
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Post by usaone on Jan 31, 2012 0:10:47 GMT -5
It's already started. The girl with bank of America monthly fees is only the beginning.
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usaone
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Post by usaone on Jan 31, 2012 2:11:37 GMT -5
The average Joe doesn't buy low and sell high. They are buy and hold. Every week taking a portion of their paycheck out and investing in the market. Not even remotely true. The average investor doesn't have the patience to invest this way. They do indeed invest primarily through paycheck deductions, but they can't help but screw with their investments constantly. When the market tanks they panic and move everything into a money market or bond fund. When it starts to correct they wait until it's back to testing the highs before they get out of their conservative positions and buy back into equities. They move from one fund to another all the time chasing last years returns. Quite a few think the whole thing is rigged and never buy equities to begin with. They stick all their 401k money in money market funds that barely keep up with inflation, then 10 or 15 years later start whining about how 401ks are unsustainable because nobody makes any money in them and will never be able to retire. Your average investor is a friggin moron. Maybe we can make that Romney's campaign slogan. "Hey all you average middle class investors, your frigging morons, it's so easy taking your money"
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Post by Deleted on Jan 31, 2012 7:26:29 GMT -5
"The average Joe did not pull there money out. The average Joe doesn't buy high and sell low."
Give me a break. The average Joe did the same thing during the dot com bubble. They got in at the end, the market crashed, and they pulled their money out with significant losses. This is easily verified if you are willing to accept reality.
So again, whose fault is it that the average Joe buys high and sells low?
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