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RE: It's The Inequality, Stupid - 2/24/2011 2:36:39 PM   
TreasureKY


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quote:

ORIGINAL: LadyPact

quote:

ORIGINAL: DomYngBlk
And you are supposing there would be no one to take your place in the marketplace? Are you serious or just blowing smoke out your ass

Oh, I'm sure there would be, at whatever time it actually became lucrative for Me to actually sell the business.  If My accountant came to Me in September saying that if I turned any more profit for the year, I'd be over the asset cap, I'd just shut the business down.  The amount that I'd have in assets wouldn't change any because I'd still own the same property and equipment, but there would be no need for Me to continue attempts to make a profit.  So, I shut down, maybe spend a couple of years traveling before I sell everything off.  With an asset cap, there's no longer an incentive for Me to stay in business.

Sure.  Somebody else could come along and take My place.  Maybe even create jobs for the number of employees that got their pink slip in September because it was no longer worth it to Me from a financial perspective to keep them employed.  That is, of course, once somebody else actually wanted to create those jobs again.



You forgot to mention that anyone wanting to start up a business to pick up the slack where you close yours, would have to find someone willing to provide the financial backing for that business.  With capped assets, I wonder who would do all that financing.

Of course, the same limitation on assets might severely hurt the charities out there whose survival depends upon large donations from the wealthy.

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RE: It's The Inequality, Stupid - 2/24/2011 2:37:34 PM   
willbeurdaddy


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quote:

ORIGINAL: DomKen


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: DomKen


[. A, truly, progressive tax structure would tax those who make the most significantly more than those in the middle class.



Yeah the top 5% paying 60% of the taxes isnt enough. You might want to read about killing the golden goose, idiot.

If the top 5% hold more than 60% of society's wealth then it is fairly obviously too little. Since they do, 62% in 2007 and certainly higher today, it is obvious that the top marginal rate is too low.


It may be "obvious" to you, but not to anyone who has the faintest clue about economics.


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RE: It's The Inequality, Stupid - 2/24/2011 3:05:21 PM   
jlf1961


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quote:

Middle-class households that earned between $34,300 and $141,900 paid 50.5 percent of all federal tax revenues in 2007 (the most recent year analyzed), according to the CBO study released Thursday, and households that earned between $34,300 and $352,900 paid 66.7 percent of all federal taxes. source


So the wealthiest top 5% pay the highest percentage of tax revenues, not according to the CBO.

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RE: It's The Inequality, Stupid - 2/24/2011 3:22:07 PM   
rulemylife


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quote:

ORIGINAL: Sanity


Its somehow escaped your attention that jobs and industry have been abandoning the country in droves?

Yeah, brilliant idea, kick 'em some more. Who needs employers anyway?

quote:

ORIGINAL: DomYngBlk

Fuck that. Simply make a limit on total assets.....anything above it comes to the gov't for redistribution or debt relief....And, no, the rich won't leave....Where are they going to go? china?




What I think we ought to do is just eliminate all taxes on corporations and small businesses.

Jobs will be abundant and everyone will prosper.

The birds will sing and the flowers will bloom again.

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RE: It's The Inequality, Stupid - 2/24/2011 3:30:25 PM   
mnottertail


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Jobs, yes.  But how is industry being defined?  Sectors of the industrial economy, cutting parts and wrenching and casting and shit?

Because the corporations haven't left, and they are sitting on a PILE of money. 

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RE: It's The Inequality, Stupid - 2/24/2011 3:58:34 PM   
rulemylife


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quote:

ORIGINAL: mnottertail

Jobs, yes.  But how is industry being defined?  Sectors of the industrial economy, cutting parts and wrenching and casting and shit?

Because the corporations haven't left, and they are sitting on a PILE of money. 


So then you are not in favor of jobs, birds singing, and flowers blooming?

Corporations have to sit on a pile of money so that it will eventually trickle down to us in their magnanimous generosity.

God bless America!

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RE: It's The Inequality, Stupid - 2/24/2011 4:03:57 PM   
DomKen


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quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: DomKen


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: DomKen


[. A, truly, progressive tax structure would tax those who make the most significantly more than those in the middle class.



Yeah the top 5% paying 60% of the taxes isnt enough. You might want to read about killing the golden goose, idiot.

If the top 5% hold more than 60% of society's wealth then it is fairly obviously too little. Since they do, 62% in 2007 and certainly higher today, it is obvious that the top marginal rate is too low.


It may be "obvious" to you, but not to anyone who has the faintest clue about economics.


Then explain how it is beneficial for a society's wealth to be increasingly concentrated in fewer hands? Please account for both the declining standard of living for the masses and the deflationary pressure of less wealth being in circulation. Then explian how under your theory the US economy did best during long periods of extremely high top marginal tax rates.

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RE: It's The Inequality, Stupid - 2/24/2011 4:11:59 PM   
luckydawg


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quote:

ORIGINAL: jlf1961

quote:

Middle-class households that earned between $34,300 and $141,900 paid 50.5 percent of all federal tax revenues in 2007 (the most recent year analyzed), according to the CBO study released Thursday, and households that earned between $34,300 and $352,900 paid 66.7 percent of all federal taxes. source


So the wealthiest top 5% pay the highest percentage of tax revenues, not according to the CBO.



http://www.cbo.gov/publications/collections/tax/2010/tax_liability_shares.pdf

this seems to contradict that

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RE: It's The Inequality, Stupid - 2/25/2011 5:14:55 AM   
DomYngBlk


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quote:

ORIGINAL: LadyPact

quote:

ORIGINAL: DomYngBlk

Just wondered, as I expected.........Just keep your eyes straight ahead.....you ain't passing anyone of any consequence.

Hey, look at that!  We actually agree on something!  You can try to make it look differently in any way you'd like.  I'll keep sitting here saying that I don't have any shame in saying that Me and Mine come first in My priority lines.  I'm not going to apologize for it either.

quote:

The statement highlighted doesn't say anything about being denied anything. Just pointing out and your last response supports it that being an "American" is really nothing more than a good Advert campaign by a bunch of richies to keep us all in place. Worrying about our borders and guns while they are ripping us off....But don't worry,,,,you'll get yours

Either that, or I just don't begrudge other people for having the same philosophy.  They need to decide for themselves how they want to handle their own affairs.  Nobody owes Me a thing that I didn't work for.



Again, exactly why 5,000 or so men and women have lost their lives in Iraq and Afghanistan cause somebody said "I am not going to apologize for getting mine first". If you can sleep with that..so be it. Fucked up philosophy of life and a fucked up way to leave....but all yours.

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RE: It's The Inequality, Stupid - 2/25/2011 7:02:40 AM   
LadyPact


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Do you always default to the war or the 'blame' banner when you can't support your argument?

Quick reminder for you.  It's the 'Mine' part of the above expression that have already made their sacrifices.  You may not like the choices that other people make about serving their country, but I see it as being a sight better than the 'sit back and bitch' brigade.


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RE: It's The Inequality, Stupid - 2/25/2011 7:16:34 AM   
DomYngBlk


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What the fuck are talking about. The Mine part is the ones serving the country? Not so. They are giving to their country. The MINES are the takers the Bushs, Cheneys and their ilk of this world. Those that never served their country in any capacity outside of making money for themselves and their friends.

Default to the war? What it doesn't exist? Our countrymen aren't dying there still? Or is it all just a bit out of what you want to believe and you'd rather ignore it.  I get it. It doesn't fall into your ideal of what this country is so you'd just as soon ignore it just like the people along the side of the road as you speed by.

Facts? Where did you offer any facts......

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RE: It's The Inequality, Stupid - 2/25/2011 7:21:12 AM   
rulemylife


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quote:

ORIGINAL: LadyPact

Quick reminder for you.  It's the 'Mine' part of the above expression that have already made their sacrifices.  You may not like the choices that other people make about serving their country, but I see it as being a sight better than the 'sit back and bitch' brigade.



Do you also see serving the country as willing to do whatever bureaucrats dictate needs to be done?

Does serving the country mean you have to sacrifice your conscience?

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RE: It's The Inequality, Stupid - 2/25/2011 7:50:00 AM   
Moonhead


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quote:

ORIGINAL: TreasureKY

Of course, the same limitation on assets might severely hurt the charities out there whose survival depends upon large donations from the wealthy.



Or it might encourage them to donate more as a tax write off, which often appears to be the only reason most charities get anything from the wealthy in the first place.

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RE: It's The Inequality, Stupid - 2/25/2011 8:04:39 AM   
hlen5


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quote:

ORIGINAL: DomYngBlk

What the fuck are talking about. The Mine part is the ones serving the country? Not so. They are giving to their country. The MINES are the takers the Bushs, Cheneys and their ilk of this world. Those that never served their country in any capacity outside of making money for themselves and their friends.

Default to the war? What it doesn't exist? Our countrymen aren't dying there still? Or is it all just a bit out of what you want to believe and you'd rather ignore it.  I get it. It doesn't fall into your ideal of what this country is so you'd just as soon ignore it just like the people along the side of the road as you speed by.

Facts? Where did you offer any facts......


DYB,

Lady P is intimately aware of the sacrifices being made in Iraq and Afghanistan.


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RE: It's The Inequality, Stupid - 2/25/2011 8:04:45 AM   
LadyPact


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quote:

ORIGINAL: DomYngBlk

What the fuck are talking about. The Mine part is the ones serving the country? Not so. They are giving to their country. The MINES are the takers the Bushs, Cheneys and their ilk of this world. Those that never served their country in any capacity outside of making money for themselves and their friends.

Default to the war? What it doesn't exist? Our countrymen aren't dying there still? Or is it all just a bit out of what you want to believe and you'd rather ignore it.  I get it. It doesn't fall into your ideal of what this country is so you'd just as soon ignore it just like the people along the side of the road as you speed by.

Facts? Where did you offer any facts......

I seem to have confused you.  I'll back up a bit so you can catch up.

You're confusing the issue of war with the original of the thread.  That being the loss of the middle class.  You were doing pretty good at that on the first page.  Where this crosses into the war issue for you, I haven't exactly figured out. 

Now, when I used the expression 'Me and Mine' earlier, I was literally referring to Myself and those closest to Me.  That includes the members of the family who literally are military.  See, "Mine" really are serving their country.  I'm willing to bet that I've sat at more military funerals than you have. 

Do I care more about those close to Me than the folks that I 'drive by'?  You bet I do!  Please feel free to think it's screwed up all you like.  You can add it to all of the other things that don't make you happy because the world isn't bowing down and doing what you want.


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RE: It's The Inequality, Stupid - 2/25/2011 8:13:47 AM   
rulemylife


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quote:

ORIGINAL: LadyPact

Now, when I used the expression 'Me and Mine' earlier, I was literally referring to Myself and those closest to Me.  That includes the members of the family who literally are military.  See, "Mine" really are serving their country.  I'm willing to bet that I've sat at more military funerals than you have. 

Do I care more about those close to Me than the folks that I 'drive by'?  You bet I do!  Please feel free to think it's screwed up all you like.  You can add it to all of the other things that don't make you happy because the world isn't bowing down and doing what you want.



I don't mean to interfere with your argument with DYB, but honestly, this bullshit of yours is getting old.

Thread after thread you bring up military service as some type of icon of virtue.

A lot of people have served, and surprisingly not all agree that it was worth the effort.






< Message edited by rulemylife -- 2/25/2011 8:15:03 AM >

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RE: It's The Inequality, Stupid - 2/25/2011 8:17:44 AM   
LadyPact


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quote:

ORIGINAL: rulemylife
Do you also see serving the country as willing to do whatever bureaucrats dictate needs to be done?

Does serving the country mean you have to sacrifice your conscience?

Following orders is part of the deal when you sign up. 

To date, I can't sit here and say that My family members have had to sacrifice their conscience.  I could ask them again, but My first response back to you would be that they have never told Me so.  I don't expect any of them while they are being shot at to contemplate if it's wrong to kill a man.  I have a much greater preference for them to come home and walk off of a plane rather than be carried back in a box.  If that makes Me cold to anyone, I can live with that. 


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RE: It's The Inequality, Stupid - 2/25/2011 8:19:15 AM   
LadyPact


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quote:

ORIGINAL: rulemylife
I don't mean to interfere with your argument with DYB, but honestly, this bullshit of yours is getting old.

Thread after thread you bring up military service as some type of icon of virtue.

A lot of people have served, and surprisingly not all agree that it was worth the effort.

Go back to page two.  I was actually the one who asked for the thread to stay on topic.


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Please do not send me email here. Unless I know you, I will delete the email unread

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RE: It's The Inequality, Stupid - 2/25/2011 8:20:36 AM   
rulemylife


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quote:

ORIGINAL: LadyPact

quote:

ORIGINAL: rulemylife
I don't mean to interfere with your argument with DYB, but honestly, this bullshit of yours is getting old.

Thread after thread you bring up military service as some type of icon of virtue.

A lot of people have served, and surprisingly not all agree that it was worth the effort.

Go back to page two.  I was actually the one who asked for the thread to stay on topic.



That's not what I was talking about and you know that.

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RE: It's The Inequality, Stupid - 2/25/2011 8:21:23 AM   
LadyPact


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No, I don't, but I'll gladly listen if you'd like to explain.

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Profile   Post #: 80
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