Home › Forums › Financial Markets/Economics › Already 5 Years Into a Lost Decade
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October 18, 2010 at 8:02 AM #620479October 18, 2010 at 8:32 AM #619438CoronitaParticipant
[quote=gandalf]That’s a good post, eaves. I don’t know if I was responding to you, more generally to the clueless right-wing rhetoric that gets thrown around here at times, wealth redistribution for example.
Be sure to add to the tatoo: “Decreasing taxes without lowering spending increases the deficit.” Taxes are historically low on wealthy individuals and corporate ‘persons’, exacerbated by a cottage industry of tax avoidance.
In general, country clubs and corporations are chock full of shirkers and freeloaders and they need to pay their fucking way like the rest of us.[/quote]
Again.. Until our government has a more accurate definition of “wealthy”, I’ll pass. and align my vote to minimize an effective government to do any real change….
Because the tax on the “rich” is always “tax the upper middle class and make them poorer so that the true insanely rich don’t get touched….The only difference between the rhetoric from the two party is one takes money away from the lower part of the middle class, while the other takes away from the upper part of the middle class. Both parties leave the true rich alone and can’t take it from the poor since, well they are poor. That $200/250k household line defining “rich” is one example of this joke. Just like the attempt to repeal prop 13 (while grandfathering in folks over 60). Let’s just get real. This country will never heavily tax the true wealthy…And those “tools” aren’t going away…Because those corporations that provide the tools are heavily entrenched in our government. Do some due diligence on variable annuities for example…Why do you think an insurance product has such favorable estate tax treatments? And run the numbers to figure out who truely can/should be using these tools.
October 18, 2010 at 8:32 AM #619521CoronitaParticipant[quote=gandalf]That’s a good post, eaves. I don’t know if I was responding to you, more generally to the clueless right-wing rhetoric that gets thrown around here at times, wealth redistribution for example.
Be sure to add to the tatoo: “Decreasing taxes without lowering spending increases the deficit.” Taxes are historically low on wealthy individuals and corporate ‘persons’, exacerbated by a cottage industry of tax avoidance.
In general, country clubs and corporations are chock full of shirkers and freeloaders and they need to pay their fucking way like the rest of us.[/quote]
Again.. Until our government has a more accurate definition of “wealthy”, I’ll pass. and align my vote to minimize an effective government to do any real change….
Because the tax on the “rich” is always “tax the upper middle class and make them poorer so that the true insanely rich don’t get touched….The only difference between the rhetoric from the two party is one takes money away from the lower part of the middle class, while the other takes away from the upper part of the middle class. Both parties leave the true rich alone and can’t take it from the poor since, well they are poor. That $200/250k household line defining “rich” is one example of this joke. Just like the attempt to repeal prop 13 (while grandfathering in folks over 60). Let’s just get real. This country will never heavily tax the true wealthy…And those “tools” aren’t going away…Because those corporations that provide the tools are heavily entrenched in our government. Do some due diligence on variable annuities for example…Why do you think an insurance product has such favorable estate tax treatments? And run the numbers to figure out who truely can/should be using these tools.
October 18, 2010 at 8:32 AM #620073CoronitaParticipant[quote=gandalf]That’s a good post, eaves. I don’t know if I was responding to you, more generally to the clueless right-wing rhetoric that gets thrown around here at times, wealth redistribution for example.
Be sure to add to the tatoo: “Decreasing taxes without lowering spending increases the deficit.” Taxes are historically low on wealthy individuals and corporate ‘persons’, exacerbated by a cottage industry of tax avoidance.
In general, country clubs and corporations are chock full of shirkers and freeloaders and they need to pay their fucking way like the rest of us.[/quote]
Again.. Until our government has a more accurate definition of “wealthy”, I’ll pass. and align my vote to minimize an effective government to do any real change….
Because the tax on the “rich” is always “tax the upper middle class and make them poorer so that the true insanely rich don’t get touched….The only difference between the rhetoric from the two party is one takes money away from the lower part of the middle class, while the other takes away from the upper part of the middle class. Both parties leave the true rich alone and can’t take it from the poor since, well they are poor. That $200/250k household line defining “rich” is one example of this joke. Just like the attempt to repeal prop 13 (while grandfathering in folks over 60). Let’s just get real. This country will never heavily tax the true wealthy…And those “tools” aren’t going away…Because those corporations that provide the tools are heavily entrenched in our government. Do some due diligence on variable annuities for example…Why do you think an insurance product has such favorable estate tax treatments? And run the numbers to figure out who truely can/should be using these tools.
October 18, 2010 at 8:32 AM #620194CoronitaParticipant[quote=gandalf]That’s a good post, eaves. I don’t know if I was responding to you, more generally to the clueless right-wing rhetoric that gets thrown around here at times, wealth redistribution for example.
Be sure to add to the tatoo: “Decreasing taxes without lowering spending increases the deficit.” Taxes are historically low on wealthy individuals and corporate ‘persons’, exacerbated by a cottage industry of tax avoidance.
In general, country clubs and corporations are chock full of shirkers and freeloaders and they need to pay their fucking way like the rest of us.[/quote]
Again.. Until our government has a more accurate definition of “wealthy”, I’ll pass. and align my vote to minimize an effective government to do any real change….
Because the tax on the “rich” is always “tax the upper middle class and make them poorer so that the true insanely rich don’t get touched….The only difference between the rhetoric from the two party is one takes money away from the lower part of the middle class, while the other takes away from the upper part of the middle class. Both parties leave the true rich alone and can’t take it from the poor since, well they are poor. That $200/250k household line defining “rich” is one example of this joke. Just like the attempt to repeal prop 13 (while grandfathering in folks over 60). Let’s just get real. This country will never heavily tax the true wealthy…And those “tools” aren’t going away…Because those corporations that provide the tools are heavily entrenched in our government. Do some due diligence on variable annuities for example…Why do you think an insurance product has such favorable estate tax treatments? And run the numbers to figure out who truely can/should be using these tools.
October 18, 2010 at 8:32 AM #620509CoronitaParticipant[quote=gandalf]That’s a good post, eaves. I don’t know if I was responding to you, more generally to the clueless right-wing rhetoric that gets thrown around here at times, wealth redistribution for example.
Be sure to add to the tatoo: “Decreasing taxes without lowering spending increases the deficit.” Taxes are historically low on wealthy individuals and corporate ‘persons’, exacerbated by a cottage industry of tax avoidance.
In general, country clubs and corporations are chock full of shirkers and freeloaders and they need to pay their fucking way like the rest of us.[/quote]
Again.. Until our government has a more accurate definition of “wealthy”, I’ll pass. and align my vote to minimize an effective government to do any real change….
Because the tax on the “rich” is always “tax the upper middle class and make them poorer so that the true insanely rich don’t get touched….The only difference between the rhetoric from the two party is one takes money away from the lower part of the middle class, while the other takes away from the upper part of the middle class. Both parties leave the true rich alone and can’t take it from the poor since, well they are poor. That $200/250k household line defining “rich” is one example of this joke. Just like the attempt to repeal prop 13 (while grandfathering in folks over 60). Let’s just get real. This country will never heavily tax the true wealthy…And those “tools” aren’t going away…Because those corporations that provide the tools are heavily entrenched in our government. Do some due diligence on variable annuities for example…Why do you think an insurance product has such favorable estate tax treatments? And run the numbers to figure out who truely can/should be using these tools.
October 18, 2010 at 11:12 AM #619542gandalfParticipantBut that’s actually my point, flu. Tax rates on the upper middle class, definitions of wealthy at $250K, etc. — that’s a trivial matter dollar-wise.
The more important issue involves the big players, large corporations and wealthy individuals with access to sophisticated legal and accounting expertise paying an effective tax rate that is well below what normal middle class people pay on income. It’s disgusting.
I think we should be enforcing effective tax rates on large corporations and wealthy individuals by attacking tax avoidance strategies, shutting down loopholes and rolling up the freeloaders. Put them in jail if necessary.
October 18, 2010 at 11:12 AM #619626gandalfParticipantBut that’s actually my point, flu. Tax rates on the upper middle class, definitions of wealthy at $250K, etc. — that’s a trivial matter dollar-wise.
The more important issue involves the big players, large corporations and wealthy individuals with access to sophisticated legal and accounting expertise paying an effective tax rate that is well below what normal middle class people pay on income. It’s disgusting.
I think we should be enforcing effective tax rates on large corporations and wealthy individuals by attacking tax avoidance strategies, shutting down loopholes and rolling up the freeloaders. Put them in jail if necessary.
October 18, 2010 at 11:12 AM #620178gandalfParticipantBut that’s actually my point, flu. Tax rates on the upper middle class, definitions of wealthy at $250K, etc. — that’s a trivial matter dollar-wise.
The more important issue involves the big players, large corporations and wealthy individuals with access to sophisticated legal and accounting expertise paying an effective tax rate that is well below what normal middle class people pay on income. It’s disgusting.
I think we should be enforcing effective tax rates on large corporations and wealthy individuals by attacking tax avoidance strategies, shutting down loopholes and rolling up the freeloaders. Put them in jail if necessary.
October 18, 2010 at 11:12 AM #620297gandalfParticipantBut that’s actually my point, flu. Tax rates on the upper middle class, definitions of wealthy at $250K, etc. — that’s a trivial matter dollar-wise.
The more important issue involves the big players, large corporations and wealthy individuals with access to sophisticated legal and accounting expertise paying an effective tax rate that is well below what normal middle class people pay on income. It’s disgusting.
I think we should be enforcing effective tax rates on large corporations and wealthy individuals by attacking tax avoidance strategies, shutting down loopholes and rolling up the freeloaders. Put them in jail if necessary.
October 18, 2010 at 11:12 AM #620613gandalfParticipantBut that’s actually my point, flu. Tax rates on the upper middle class, definitions of wealthy at $250K, etc. — that’s a trivial matter dollar-wise.
The more important issue involves the big players, large corporations and wealthy individuals with access to sophisticated legal and accounting expertise paying an effective tax rate that is well below what normal middle class people pay on income. It’s disgusting.
I think we should be enforcing effective tax rates on large corporations and wealthy individuals by attacking tax avoidance strategies, shutting down loopholes and rolling up the freeloaders. Put them in jail if necessary.
October 18, 2010 at 12:47 PM #619557briansd1Guest[quote=eavesdropper]
However, the Republican machine has all but guaranteed that the current policy will continue, having been very skilled in their use of rhetoric that has succeeded in enlisting the allegiance and support of the very middle class they are screwing. And the Democrats are equally to blame, their lack of action due to complicity or to ignorance, neither being a particularly palatable thought or valid excuse.[/quote][quote=gandalf]
Billionaires and big business are thriving. The middle class is under tremendous pressure. The changes started with the election of Reagan and the shift towards modern big government ‘conservatism’ (which has little to do with true conservatism). Democrats have been willing accomplices but Republicans have led the charge.
[/quote][quote=gandalf]
Fox news, democrats suck, down with communism, yak, yak… USA! USA!It’s amazing. Billionaires and corporations are literally plundering the country like pirates, and our government is helping them do it. Both parties are complicit, but the GOP is leading the charge. Meantime, all these tea party types spew Rush Limbaugh talking points about socialism and poor people, as if that had anything to do with USA economic reality in 2010.[/quote]
I see some common ground in the responses here.
We can’t fix everything all once. The best place to start is at the root cause.
October 18, 2010 at 12:47 PM #619641briansd1Guest[quote=eavesdropper]
However, the Republican machine has all but guaranteed that the current policy will continue, having been very skilled in their use of rhetoric that has succeeded in enlisting the allegiance and support of the very middle class they are screwing. And the Democrats are equally to blame, their lack of action due to complicity or to ignorance, neither being a particularly palatable thought or valid excuse.[/quote][quote=gandalf]
Billionaires and big business are thriving. The middle class is under tremendous pressure. The changes started with the election of Reagan and the shift towards modern big government ‘conservatism’ (which has little to do with true conservatism). Democrats have been willing accomplices but Republicans have led the charge.
[/quote][quote=gandalf]
Fox news, democrats suck, down with communism, yak, yak… USA! USA!It’s amazing. Billionaires and corporations are literally plundering the country like pirates, and our government is helping them do it. Both parties are complicit, but the GOP is leading the charge. Meantime, all these tea party types spew Rush Limbaugh talking points about socialism and poor people, as if that had anything to do with USA economic reality in 2010.[/quote]
I see some common ground in the responses here.
We can’t fix everything all once. The best place to start is at the root cause.
October 18, 2010 at 12:47 PM #620192briansd1Guest[quote=eavesdropper]
However, the Republican machine has all but guaranteed that the current policy will continue, having been very skilled in their use of rhetoric that has succeeded in enlisting the allegiance and support of the very middle class they are screwing. And the Democrats are equally to blame, their lack of action due to complicity or to ignorance, neither being a particularly palatable thought or valid excuse.[/quote][quote=gandalf]
Billionaires and big business are thriving. The middle class is under tremendous pressure. The changes started with the election of Reagan and the shift towards modern big government ‘conservatism’ (which has little to do with true conservatism). Democrats have been willing accomplices but Republicans have led the charge.
[/quote][quote=gandalf]
Fox news, democrats suck, down with communism, yak, yak… USA! USA!It’s amazing. Billionaires and corporations are literally plundering the country like pirates, and our government is helping them do it. Both parties are complicit, but the GOP is leading the charge. Meantime, all these tea party types spew Rush Limbaugh talking points about socialism and poor people, as if that had anything to do with USA economic reality in 2010.[/quote]
I see some common ground in the responses here.
We can’t fix everything all once. The best place to start is at the root cause.
October 18, 2010 at 12:47 PM #620310briansd1Guest[quote=eavesdropper]
However, the Republican machine has all but guaranteed that the current policy will continue, having been very skilled in their use of rhetoric that has succeeded in enlisting the allegiance and support of the very middle class they are screwing. And the Democrats are equally to blame, their lack of action due to complicity or to ignorance, neither being a particularly palatable thought or valid excuse.[/quote][quote=gandalf]
Billionaires and big business are thriving. The middle class is under tremendous pressure. The changes started with the election of Reagan and the shift towards modern big government ‘conservatism’ (which has little to do with true conservatism). Democrats have been willing accomplices but Republicans have led the charge.
[/quote][quote=gandalf]
Fox news, democrats suck, down with communism, yak, yak… USA! USA!It’s amazing. Billionaires and corporations are literally plundering the country like pirates, and our government is helping them do it. Both parties are complicit, but the GOP is leading the charge. Meantime, all these tea party types spew Rush Limbaugh talking points about socialism and poor people, as if that had anything to do with USA economic reality in 2010.[/quote]
I see some common ground in the responses here.
We can’t fix everything all once. The best place to start is at the root cause.
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