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FirmhandKY -> RE: Financial Reality (7/25/2011 4:57:05 AM)

quote:

ORIGINAL: hlen5

I consider myself a Libertarian. I don't agree with a 100% estate tax, I just want things to be FAIR. I don't begrudge someone keeping what they earned (as long as it wasn't at the exploitation of others).


1.  What is "fair"?

2.  What is "exploitation"?

Firm




farglebargle -> RE: Financial Reality (7/25/2011 5:30:03 AM)

quote:

ORIGINAL: hlen5


quote:

ORIGINAL: Hippiekinkster

...... We also need a 100% estate tax. Use it or lose it.



Could you explain what you mean by this, please?


It means that the children of the wealthy will have to go out and prove their worth by earning their OWN wealth...

Paris Hilton will have to get a job.




lockedaway -> RE: Financial Reality (7/25/2011 6:23:40 AM)

quote:

ORIGINAL: farglebargle

quote:

ORIGINAL: hlen5


quote:

ORIGINAL: Hippiekinkster

...... We also need a 100% estate tax. Use it or lose it.



Could you explain what you mean by this, please?


It means that the children of the wealthy will have to go out and prove their worth by earning their OWN wealth...

Paris Hilton will have to get a job.


More one sided, idiot, stupidity.  Paris Hilton has a job.  Paris Hilton marketed the Hilton moniker better than her father ever did.  She made the family an absolute fortune!  There is a lot that Fargle does not understand.  For example, some people's image is worth millions and millions of dollars.

In 2008, I went to a Breast Cancer charity event at the Playboy Mansion.  There was a celebrity auction of artifacts from celebrities that they had donated.  You should have seen the wiggy bastards go nuts over Paris Hilton's stuff.  Her stuff raised a great deal of money........she wasn't even there.

There are people on this board who's only view of the world is from the bottom.  In another thread, I called liberals greedy, grubby, needful and unpatriotic little bastards.....of something like that.  Fargle's post is just more evidence that I am right.




DomYngBlk -> RE: Financial Reality (7/25/2011 6:42:01 AM)

are you a complete idiot? Got any figures on how paris hilton helped the family make money? Somehow there were more hotels or they were able to raise room rates? lol you are a moron.




Lucylastic -> RE: Financial Reality (7/25/2011 6:53:00 AM)

dont be cruel to morons DYB




Icarys -> RE: Financial Reality (7/25/2011 6:56:26 AM)

quote:

ORIGINAL: DomYngBlk

are you a complete idiot? Got any figures on how paris hilton helped the family make money? Somehow there were more hotels or they were able to raise room rates? lol you are a moron.

Surely you're smart enough to see what he's saying.




Musicmystery -> RE: Financial Reality (7/25/2011 7:48:55 AM)

quote:

Instead I got a "fuck you" and was accused of saying he didn't care because I asked his opinion.


You got a "fuck you" for laying into a rant about me barbarically abandoning people and turning the U.S. into Libya.

That's far different than "asking for my opinion," and you know it, you little shit.





Musicmystery -> RE: Financial Reality (7/25/2011 7:53:20 AM)

quote:

it still would not change the underlying political and social factors that gave rise to it.


So what's your plan, Firm?

So far, you're just predicting there's nothing that can be done, but the culture is what it is, and nothing will ever work for long.

And yes, that's a conversation ender, however much being told that pisses you off, because there's nowhere to go from there. It's defeatist, with all the victimization firmly in place. We're helpless.

So, that's how you feel. Good luck with that.




mnottertail -> RE: Financial Reality (7/25/2011 8:04:46 AM)

 Paris Hilton marketed the Hilton moniker better than her father ever did.  She made the family an absolute fortune! 

Particularly since her father was a piker, who had to spend years suing his dad (Barron Hilton)s estate to get it, and pervert the wishes of a guy who made it on his own, who could not defend himself (since he was dead) and did not want to give a goddamn thing to his loser son, who never worked for anything in his life, and was incorrigibly a bloodsucker,   the Hiltons are real good people to hold up as an example, given the fact that you would call them idots, liberals, lazy, socialists if you knew how they got theirs.........and so on.... 
   




lockedaway -> RE: Financial Reality (7/25/2011 8:24:55 AM)

quote:

ORIGINAL: mnottertail

Paris Hilton marketed the Hilton moniker better than her father ever did.  She made the family an absolute fortune! 

Particularly since her father was a piker, who had to spend years suing his dad (Barron Hilton)s estate to get it, and pervert the wishes of a guy who made it on his own, who could not defend himself (since he was dead) and did not want to give a goddamn thing to his loser son, who never worked for anything in his life, and was incorrigibly a bloodsucker,   the Hiltons are real good people to hold up as an example, given the fact that you would call them idots, liberals, lazy, socialists if you knew how they got theirs.........and so on.... 
 


Are you responding to me or MM?  I responded to Fargle.  Paris Hilton has made MILLIONS upon MILLIONS and idiots like DomYoungBlack or whatever  his name is and Fargle don't understand what her earnings were and what her earning potential still is.  "Paris Hilton" is, essentially, a brand. 

The point of Fargle's post is that people should have to live the way he lives.  Paris Hilton should not have inherited any money and in a communist country she would not have.  But...this IS still America, right?  So some rich kid sits on his/her ass and squanders the family fortune.  The squandering of that fortune pays people for their services; designer clothes, their expensive addresses, their jewelry, yachts, cars, parties, vacations and so forth and so on.  They are putting money back into the economy albeit irresponsibly.  Do you care?  I don't.  I don't begrudge them the money they inherited and I don't care whether they blow it or parlay it into something greater.  That kind of self determination is one of the beautiful freedoms you have in the U.S.




mnottertail -> RE: Financial Reality (7/25/2011 8:36:23 AM)

Since I quoted you, it would logically follow; you.

You know what?  Give me a pirated fortune of a billion or two and I can increase it by $45 million, and still take weekends and holidays off.  No brain surgery required.

I am unsure of any point being made in relation to this, regardless of who is talking to who, I would think that $45 million off that very free money (GIVE ME A BILL OR SO BACKING  FREE TO NUT MY BANK WITH AND WATCH WHERE I TAKE IT)  is pretty fucking insignificant really.........





lockedaway -> RE: Financial Reality (7/25/2011 8:44:33 AM)

quote:

ORIGINAL: mnottertail

Since I quoted you, it would logically follow; you.

You know what?  Give me a pirated fortune of a billion or two and I can increase it by $45 million, and still take weekends and holidays off.  No brain surgery required.

I am unsure of any point being made in relation to this, regardless of who is talking to who, I would think that $45 million off that very free money (GIVE ME A BILL OR SO BACKING  FREE TO NUT MY BANK WITH AND WATCH WHERE I TAKE IT)  is pretty fucking insignificant really.........




What is the point of your post?  She had a silver spoon in her mouth and made more money.  Ok...so did Trump.  The question I asked you was whether you gave a rat's ass about whether they made more money or lost their money or did whatever with the money.  Do you give a shit?  Do you begrudge her from inheriting money?  Does it MATTER to you?

It doesn't matter to me.  I don't care that she inherited a fortune, turned it into a super-duper fortune, bequeathed it to the A.S.P.C.A., or lost it on a roulette wheel.  Couldn't care less.  All within her rights.




FirmhandKY -> RE: Financial Reality (7/25/2011 8:50:43 AM)

quote:

ORIGINAL: Musicmystery

quote:

it still would not change the underlying political and social factors that gave rise to it.


So what's your plan, Firm?

So far, you're just predicting there's nothing that can be done, but the culture is what it is, and nothing will ever work for long.

And yes, that's a conversation ender, however much being told that pisses you off, because there's nowhere to go from there. It's defeatist, with all the victimization firmly in place. We're helpless.

So, that's how you feel. Good luck with that.

You seem to be at a conversation stopping point yourself.  We have to do as you say, then everything will work out for everyone thereafter.  Oh, except that it might hurt the economy.

This is a superficial answer and viewpoint, because:

1.  It does nothing to address the structural causes of the problem (as I have mentioned several times), and,
2.  It doesn't address the "hurting the economy" much at all.

Both of which I believe to be more important issues than fixing the short-term problem.

Giving an alcoholic a drink in when they are in DTs might stop the immediate worst symptoms of the addiction, but does little to address the reasons and long-term affects of the addiction.

My plan?  I don't have one, really, although there are some things we might consider trying.

The reason I don't have "the master plan" is that I don't think we can really "get there from here", without more pain than anyone is willing to accept, and without some basic changes in the electorates expectations.  We will eventually "get there", but it will require events and actions that few would hope for, or plan.

The basic problem is one discovered thousands of years ago by the Greeks, and then the Romans:  The Bread and Circuses dilemma of democracy.  As politicians discover that giving money to voters will get them elected, and citizens discover that they can get the politicians to take money by government fiat from one group and give it to them, then - absent some strong moral and cultural imperatives or societal or governmental structural protections - a democracy will end up in a dictatorship.

I personally think the two structural changes that has allowed this to happen in the US is the direct election of Senators, and the Federal Income tax, both amendments to the Constitution.

I also do not think that we will change either of these back to what they were. 

This then leaves us with a problem, and the likelihood of the US becoming economically weaker, politically divisive, and our current institutions too weak to overcome the problem until we have a "significant emotional event".

A case in point is the failure of the last Democratic Congress and President to even pass a budget, which is a direct violation of the US Constitution.  Another is the recent proposal for a "Super Congress", in which the our elected bodies would become secondary to a political elite who "can get things done".  Another is Obama's instructions to murder an American Citizen without due process.  There are others.

My plan?  Prepare for the worst, and hope for the best. In the short-term, your plan will work, but at the cost of delaying the inevitable, and making the resulting times of trouble longer, and more intense.

Firm

edited: to add link for "Super Congress"




Musicmystery -> RE: Financial Reality (7/25/2011 8:52:43 AM)

~FR~

As this thread devolves, let me just leave with one blanket clarification...

The bottom-line take-away point here is that:

1) cuts alone are NOT going to address a $1.27 trillion deficit, when non-military discretionary spending totals only $520 billion. That leaves the three largest items--defense, SS, and medicaid/medicare, for the bulk of the cuts. Or, if your plan (or your political leaders' plan) is to eliminate or decimate those areas, be up front about it. Tinkering with spending cuts here and there just leaves us with massive borrowing still, a huge annual deficit, and an ever growing national debt (currently growing at 8.8% annually).

2) if you AREN'T going to embrace serious cuts (meaning outside of non-military discretionary spending, which isn't even half the deficit), then you're going to have to SIGNIFICANTLY raise taxes. Even cutting half the defense budget (which is $895 billion total) leaves an $822 billion deficit, more than all other discretionary spending...and that leaves SS and medicaid/medicare as the only other options for cuts (if your goal is balancing the budget). So...if you're NOT going to make those cuts, a tax increase alone would be on the order of DOUBLING the current income tax (which nets $1.1 trillion currently -- less than the $1.27 trillion deficit). That's a massive tax increase, how ever you do it. So...if you're going to do it by taxes, at least be honest about what you (or your political leaders) are doing. You're close to doubling taxes.

3) Given the extreme problems of 1 and 2, that leaves as the only realistic option a combination of (1) painful cuts and (2) painful tax increases. If we don't, if we just cut a few of the "tinkerings" in non-military discretionary spending, then we're throwing a few dollars at a trillion and a quarter dollar deficit, and will continue to grow the national debt at 8.8% annually, which will drive up interest rates, crowd out capital, and drag the economy down with it.

Name calling isn't going to fix this, folks. Those of you who pay attention know I'm a moderate liberal, leaning left socially, and right fiscally. Social Security is important. National health care is important. Defense is important, but we really go overboard on this. The pet spending projects people bitch about aren't a drop in the bucket on this issue--and some of these are wise investments (cancer research, infrastructure). It's going to take serious cuts and it's going to take raising taxes.

How best to do that is, of course, debatable. That's government's job.

Voter's job? Stop electing anyone who promises free money, whether that's an unfunded tax cut or an unfunded program. The money has to come from somewhere, and if it's a great idea, fine--let's pay for it, with taxes or other spending cuts. If there's a culture in Washington that doesn't believe this, it's because the American voters put them there, believing their misguided zeal.

Cuts and taxes. Anything else is snake oil.

It's just mathematics.

OK. Back to sniping.

Enjoy.





mnottertail -> RE: Financial Reality (7/25/2011 8:53:08 AM)

A case in point is the failure of the last Democratic Congress and President to even pass a budget, which is a direct violation of the US Constitution. 

I uh, would like to see that citation, I uh, don't know about that. 




lockedaway -> RE: Financial Reality (7/25/2011 9:03:24 AM)

I agree with your point 1).  I agree with your point 2) only in as much as more revenue needs to be brought into the government.  I believe it needs to be brought in by an expansion of the tax base as opposed to over penalizing a small percentage of U.S. citizens.  I also think that you speak in absolutes.  The deficit doesn't have to be wiped out by Christmas or next summer.  Showing a meaningful downward trend that could be maintained irrespective of who serves as president would solve the problems.  The sticking point is that it requires such a major overhaul that Firm may be right and we can't get there from here at this point.




Musicmystery -> RE: Financial Reality (7/25/2011 9:07:23 AM)

quote:

I also think that you speak in absolutes. The deficit doesn't have to be wiped out by Christmas or next summer. Showing a meaningful downward trend that could be maintained irrespective of who serves as president would solve the problems.


True. I'm holding up the goal as an illustration of how insignificant the "solutions" bandied about really are.

Showing a meaningful downward trend that could be maintained would work. We'd also have to deal with the effects of increased pressure on capital markets as the debt continued to grow, even if growing less quickly.

I don't see that plan either. Not from Congress, not from the White House.




mnottertail -> RE: Financial Reality (7/25/2011 9:12:43 AM)

quote:

ORIGINAL: lockedaway

quote:

ORIGINAL: mnottertail

Since I quoted you, it would logically follow; you.

You know what?  Give me a pirated fortune of a billion or two and I can increase it by $45 million, and still take weekends and holidays off.  No brain surgery required.

I am unsure of any point being made in relation to this, regardless of who is talking to who, I would think that $45 million off that very free money (GIVE ME A BILL OR SO BACKING  FREE TO NUT MY BANK WITH AND WATCH WHERE I TAKE IT)  is pretty fucking insignificant really.........




What is the point of your post?  She had a silver spoon in her mouth and made more money.  Ok...so did Trump.  The question I asked you was whether you gave a rat's ass about whether they made more money or lost their money or did whatever with the money.  Do you give a shit?  Do you begrudge her from inheriting money?  Does it MATTER to you?

It doesn't matter to me.  I don't care that she inherited a fortune, turned it into a super-duper fortune, bequeathed it to the A.S.P.C.A., or lost it on a roulette wheel.  Couldn't care less.  All within her rights.



She has inherited no money.  The fortune is made from OPM, and robbed from its creator.

Isn't this exactly what you rail about?

Hey, give me carte blanche  on your checkbook.

Didn't you say this?

I called liberals greedy, grubby, needful and unpatriotic little bastards.....of something like that.

  ...the U.S. is racing towards socialism and "yes" it pisses me the fuck off.  Socialism is a vicious caste system, Marini.  The rich and super rich will not be affected by it.  But those on the cusp will get fucked.  It is damn near impossible to leap the fence to the other side. 

Liberals ARE failures.  Unpatriotic, needful, pieces of trash.  They can't make it on their own and so they argue for a disproportionate share to be given away in subsidies.

You people argue and scream for other people's money and it is never enough. 


I mean I could go on, but this seems to be an advert for just these things, and its ok so long as there is some 'corporate' in there. 




lockedaway -> RE: Financial Reality (7/25/2011 9:40:48 AM)

Your posts are getting dumber and dumber.  Look, she got money from her family...Yes????  Now answer my question that you are soooo desperately trying to skirt.  Do you give a fuck about whether she got money from her family?  Yes or No  Do you care whether she loses it or increases it?  Yes or No  Do you care whether anybody gets money from their family?  Yes or No  Are you jealous of people that receive a large inheritance or win a lottery?  Yes or No?  Fuck, man, those are a few very simple questions.  I guess the reason why you don't want to answer this is because they reveal too much about your character. 

I will answer them for Fargle; "yes, I fucking care that she got money from her family...that fucking c**t should have gotten NOTHING, any money she got should have gone to the government so it could be redistributed to me!" [read above, that is pretty much what he said. :)]  Yes, I'm fucking jealous of people who win lotteries or get large inheritances, I'm just not going to use the word "jealous" because it makes me look petty, small, greedy, entitled, weak, envious, insane, communist."

Here...I will answer those questions as though put to me: No......No.....No..&..No.

Now...as far as using OPM....so what?  In fact...that argues against Fargle's assertion that she has never had a job.  Using OPM and making money and paying people a return on their investment is a job in and of itself, right?  ?Anyway, people do that all the time and they usually get paid interest on the money they advanced...so what?




mnottertail -> RE: Financial Reality (7/25/2011 10:13:44 AM)

quote:


Original:  lockedaway
Your posts are getting dumber and dumber.

Yours have yet to attain so humble a level.
quote:


Original:  lockedaway
Look, she got money from her family...Yes????  Now answer my question that you are soooo desperately trying to skirt.  Do you give a fuck about whether she got money from her family?  Yes or No  Do you care whether she loses it or increases it?  Yes or No  Do you care whether anybody gets money from their family?  Yes or No  Are you jealous of people that receive a large inheritance or win a lottery?  Yes or No?  Fuck, man, those are a few very simple questions.  I guess the reason why you don't want to answer this is because they reveal too much about your character. 

Your guess is about as fucking wrong as is your general ignorance, your knowledge and facts are lacking, you haven't much to note in the way of character. 
So when you write the story of your life, leave my chapter out ,ok?  Don't fucking tell me what I think, cuz you don't know, and haven't the capacity to understand it, and do not continue this tiring presumption of impugning my character with your innuendos, you will find that a losing proposition. People who hold the ideas that you do who are for the most part neo-Nazis, corporate appeasers, and convicted child molesters.

I dont give a fuck about any of that shit, and you never asked me the question, but my answers would be No......No.....No..&..No. Same as yours.

I am pointing out that the money was pretty much stolen from its creator, and was not come by thru hard work or any form of the 'American Dream'.  It is a piss poor example of that, Joe the Plumber hyperbole.  It is Gus Hall style orgasmic and closer to what you have been ranting against without reason.

Hey, she has done ok, and after all, it wasnt her that robbed her father, it was her father that robbed his father.

But it is not an opportunity readily available to Americans, to rob someone and become a millionaire.   And it is not the American Dream to rob the creators of wealth, any more than it is the American Dream to rob the creators of the right of their labor and to make a decent profit themselves.

But the ideological rants that are being spewed have little to do with the fact that we borrowed, and borrowed and borrowed, and increased our paychecks and borrowed and borrowed, and it is not fiscally responsible, and the folks who loaned us that money want to get paid.  




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