lockedaway
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quote:
ORIGINAL: joether
quote:
ORIGINAL: lockedaway
But here is where you have some really fucking wonderful O'cocksucker change coming. O'scumbag wants to increase payroll taxes from 8% to 13%. Tell me, Marini, what do you think is going to happen? I think if he manages that he is going to do four things: 1) he is going to cause a spike in unemployment because people are going to get fired so employers can reduce their tax liability; 2) smaller employers are going to pay their workers under the table; 3) when employers pay employees under the table, the government takes in less revenue, and 4) all of those consequences will cause a free fall in the stock market.
That paragraphy really shows how little you understand the situation the nation is faced with, and what one, of a variety of different ways, the President could handle the problem. But, you seem to think that the President has a 'one track mind' like yourself, and can not 'think outside the box'. You really think, you have it all figured out. And that it'll play out exactly as you predict. Could you tell me what your economic and financial credidentals are? How many Ph.D.s do you hold? Are you a CPA and/or CFP?
quote:
ORIGINAL: lockedaway
But wait...there's more. He is also calling for higher taxes and liberal fools may think that he is only going to tax the rich but there aren't enough rich people to accomplish a meaningful change so ALL tax brackets will rise. More unemployment. More people relocating to Mexico, Costa Rica and Dominican Republic, all three of which have seen a large migration of Americans....Oooooopss....I forgot...Panama too.
With the elimination of the 'Bush era tax cuts', the gain from taxes, from JUST the upper 2% of income earners, would be about $700-900 Billion/year. Closing many of the loopholes, would create an additional $80-170 Billion in revenue. Cus, you know, its just not 'fair' that GE who made $5.3 Billion paid LESS in taxes, than I did with my pokey salary (<$70K/year). The taxes on those tax brackets BELOW the top two, wouldn't see much of a change (the 3rd from the top would be minor at best). So, the conservative figure from both figures gives $780 Billion/year. That drops the deficit in half. Combine that with some spending cuts, and could cut the deficit by another $100-200 Billion.
After all, last I checked the HISTORY books, it was a REPUBLICAN President and REPUBLICAN Congress, that created the financial situation of BOTH the US Deficit and US Debt in the first place. Under the Clinton Administration, we had a US Budget Surplus and the US Debt (at the time $2 Trillion) was on the way down. Funny that you dont blame Republicans for even an ounce of all the problems they created (like paying for Iraq on borrowed money...); but yet, heap hundreds of tons of blame on President Obama for the economy he inherited from the previous owner. I think he's been doing a pretty good job, given the situtation he was handed in 2008. Not to mention the 'Party of No' working against him at every tiny little thing, and a swarm of clueless idiots that watch the likes of 'FOX News' without every questioning what they are seeing/listening to.
quote:
ORIGINAL: lockedaway
But wait, there's more. O'shit-4-brains also wants to end the mortgage interest deduction. That is going to cause new housing starts to fall through the mother fucking floor. Contractors out of work, their employees out of work, retail stores closing, people who harvest the material...lumber and gypsum and millions of other things...out of work, the people that haul it out of work, the people that turn the raw material into finished products out of work.
Yeah, because the CURRENT housing market has more supply than demand. The idea is to drive up demand against supply on the current housing market, and THAN, loosen the reigns on new housing market a short time later. That way, both markets create a stable growth period that's good for America. Or have you neverly really driven through the Mid-West towns and taken note of all the boarded up houses and businesses that exist there?
Believe it or not, all those folks that you believed (with your pathetic fearmongering skills) would be out of work, would very much be working. Homes need renovations and some people can and will pay for professional services. There are some issues in which the home owner needs the professional's touch for matters of permits or insurance (or simply access to machinery and tools). And as the new market restrictions are loosen, those same folks will have more work waiting for them. Since by than, companies will also be hiring additional workers to handle the increase volume of activity, its safe to say, that too, is a good thing for America.
quote:
ORIGINAL: lockedaway
Yeah baby...I have got some fucking change for you. And I think it is going to be great.
Keep your coins, your already a 'few cents short of a dollar'. That, is what we call in the business psychology world a 'deficit' of the mind.
Wow Joe, you really don't know SHIT. What loopholes would you like closed, genius? Care to name a few? Since the revamp of the tax code under Reagan wiped out almost ALL tax shelters and loopholes, perhaps you would like to tell me which loopholes you would like to see ended now. Your post was one of the MOST stupid I have read so far.
Tell me, genius, what do you think the result will be when payroll taxes go up from 8% to 13%? Go on...answer the question. Do you think it is going to result in a wave of employment?
What you said about taxing the rich and raising 900 billion dollars...show me where you get that information. Tell me, genius, a man gets taxed 35% on the federal level, he gets taxed 9% on the state level, he pays property taxes and tolls and professional license fees, etc. By the end of the day, he has chits against his salary that amount to 50% and more for some people? Do you think that is fair? If you do, you must be one of the losers that can't support himself.
Here is more stupidity from you; "Yeah, because the CURRENT housing market has more supply than demand. The idea is to drive up demand against supply on the current housing market, and THAN, loosen the reigns on new housing market a short time late." How the fuck do you drive up demand by increasing taxes????? Fuck...you are DUMB. How do you drive up demand by wiping out one of the only and biggest deductions that an average family has; the mortgage interest deduction? Goddamn, son, you shouldn't be on this board at all.
In so many of your posts, you prove again and again that you don't know shit from shinola. If you think taxation is an incentive to growth, you are congenitally stupid.
< Message edited by lockedaway -- 7/1/2011 12:20:18 AM >
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