Backdoor to socialized medicine?

[briansd1]

I agree with SDEngineer.

One reason we have all the financial speculation and innovation of late is because of those who can try to convert ordinary income to capital gains in order to lower their taxes.

That work has no economic value as it’s only arbitraging the tax rates.

The 50s and 60s were the “golden age” of modern America not because of the low tax rates on the wealthy.

We could also implement new taxes. Like an annual tax on TV like they do in parts of Europe. That would start a revolution as the couch potatoes get off their lazy asses and take up the pitchforks. That would be fun to watch. (just kidding).

[ucodegen]

One reason we have all the financial speculation and innovation of late is because of those who can try to convert ordinary income to capital gains in order to lower their taxes.

Wrong.. remember that dividends have partial tax exempt status – and they are tied to real production. The financial speculation and ‘innovation’ was an attempt to ‘keep the party rolling’ and the part of wall-street and in part congress etc. You have to hold an asset for 1 year to get the lower capital gains rate (except for houses). There was no ‘converting’ of income to capital gains.. there was just ‘partying’..

[ucodegen]

One reason we have all the financial speculation and innovation of late is because of those who can try to convert ordinary income to capital gains in order to lower their taxes.

Wrong.. remember that dividends have partial tax exempt status – and they are tied to real production. The financial speculation and ‘innovation’ was an attempt to ‘keep the party rolling’ and the part of wall-street and in part congress etc. You have to hold an asset for 1 year to get the lower capital gains rate (except for houses). There was no ‘converting’ of income to capital gains.. there was just ‘partying’..

[ucodegen]

One reason we have all the financial speculation and innovation of late is because of those who can try to convert ordinary income to capital gains in order to lower their taxes.

Wrong.. remember that dividends have partial tax exempt status – and they are tied to real production. The financial speculation and ‘innovation’ was an attempt to ‘keep the party rolling’ and the part of wall-street and in part congress etc. You have to hold an asset for 1 year to get the lower capital gains rate (except for houses). There was no ‘converting’ of income to capital gains.. there was just ‘partying’..

[ucodegen]

One reason we have all the financial speculation and innovation of late is because of those who can try to convert ordinary income to capital gains in order to lower their taxes.

Wrong.. remember that dividends have partial tax exempt status – and they are tied to real production. The financial speculation and ‘innovation’ was an attempt to ‘keep the party rolling’ and the part of wall-street and in part congress etc. You have to hold an asset for 1 year to get the lower capital gains rate (except for houses). There was no ‘converting’ of income to capital gains.. there was just ‘partying’..

[ucodegen]

One reason we have all the financial speculation and innovation of late is because of those who can try to convert ordinary income to capital gains in order to lower their taxes.

Wrong.. remember that dividends have partial tax exempt status – and they are tied to real production. The financial speculation and ‘innovation’ was an attempt to ‘keep the party rolling’ and the part of wall-street and in part congress etc. You have to hold an asset for 1 year to get the lower capital gains rate (except for houses). There was no ‘converting’ of income to capital gains.. there was just ‘partying’..

[all]

[quote=Allan from Fallbrook]

We need to get back on track with education, and infrastructure and REAL renewable energy programs. We need to cut defense, entitlements and the bailouts.[/quote]

When your best and brightest are incentivized to develop their potential into careers in law and finance you will fall behind. You can count on someone else’s b&b to lead you only for so long.

[all]

[quote=Allan from Fallbrook]

We need to get back on track with education, and infrastructure and REAL renewable energy programs. We need to cut defense, entitlements and the bailouts.[/quote]

When your best and brightest are incentivized to develop their potential into careers in law and finance you will fall behind. You can count on someone else’s b&b to lead you only for so long.

[all]

[quote=Allan from Fallbrook]

We need to get back on track with education, and infrastructure and REAL renewable energy programs. We need to cut defense, entitlements and the bailouts.[/quote]

When your best and brightest are incentivized to develop their potential into careers in law and finance you will fall behind. You can count on someone else’s b&b to lead you only for so long.

[all]

[quote=Allan from Fallbrook]

We need to get back on track with education, and infrastructure and REAL renewable energy programs. We need to cut defense, entitlements and the bailouts.[/quote]

When your best and brightest are incentivized to develop their potential into careers in law and finance you will fall behind. You can count on someone else’s b&b to lead you only for so long.

[all]

[quote=Allan from Fallbrook]

We need to get back on track with education, and infrastructure and REAL renewable energy programs. We need to cut defense, entitlements and the bailouts.[/quote]

When your best and brightest are incentivized to develop their potential into careers in law and finance you will fall behind. You can count on someone else’s b&b to lead you only for so long.

[pepsi]

[quote=flu]

For christ sake. I don’t need a history on Taiwan. Hell, I could probably get citizenship there and free healthcare if I needed. Again, I’ll say this again… If Taiwan’s government needs to spend $100billion on helping the poor…It’s not exactly taking $100billion from the working folks you know..It does this from it’s own pockets.. Hell, part of that $100billion would probably be from bribes. Just ask Ex-President Chen Shui-bian. He probably needs some penpals to pass time in jail until he dies there. Hell, you could have been a General in the Taiwanese military for the right amount paid to his wife.

BTW: once again, you only look at one side of the story here (again). Taiwan in particular…Do you really think things are as “fair” as you think they are? Single aristocratic families controlling 1/4 of Taiwan’s GDP alone like the Koo family? Do you think that is better than what we have here if you happen to just be some worker bee? I think several times, folks view on foreigners from these countries are warped. The (false) impression is everyone is wealthy there, because folks only see the ones with the financial means to be in the united states.
[/quote]

I won’t agree to these statement about Taiwan. You probably need to discredit your opponent’s best evidence, but try not to discredit your parent’s country if you can, please.

1/4 GDP controlled by single aristocratic families ? (that maybe true 60 years ago, but not today). Income inequality there is still much better than US, by the way.

And I am not sure where you get “$100B from bride, to cover health care cost” coming from. Taiwan government is not as corrupted as you thought.

And the cost is actually shouldered by salaried people. Many high income people actually pay less than salaried people, as they are categorized in Cat 6 (Other/inconsistent income).
The upcoming bill will fix the problem to lower salaried people’s burden, and the new bill is expected to be passed before 2012.

[pepsi]

[quote=flu]

For christ sake. I don’t need a history on Taiwan. Hell, I could probably get citizenship there and free healthcare if I needed. Again, I’ll say this again… If Taiwan’s government needs to spend $100billion on helping the poor…It’s not exactly taking $100billion from the working folks you know..It does this from it’s own pockets.. Hell, part of that $100billion would probably be from bribes. Just ask Ex-President Chen Shui-bian. He probably needs some penpals to pass time in jail until he dies there. Hell, you could have been a General in the Taiwanese military for the right amount paid to his wife.

BTW: once again, you only look at one side of the story here (again). Taiwan in particular…Do you really think things are as “fair” as you think they are? Single aristocratic families controlling 1/4 of Taiwan’s GDP alone like the Koo family? Do you think that is better than what we have here if you happen to just be some worker bee? I think several times, folks view on foreigners from these countries are warped. The (false) impression is everyone is wealthy there, because folks only see the ones with the financial means to be in the united states.
[/quote]

I won’t agree to these statement about Taiwan. You probably need to discredit your opponent’s best evidence, but try not to discredit your parent’s country if you can, please.

1/4 GDP controlled by single aristocratic families ? (that maybe true 60 years ago, but not today). Income inequality there is still much better than US, by the way.

And I am not sure where you get “$100B from bride, to cover health care cost” coming from. Taiwan government is not as corrupted as you thought.

And the cost is actually shouldered by salaried people. Many high income people actually pay less than salaried people, as they are categorized in Cat 6 (Other/inconsistent income).
The upcoming bill will fix the problem to lower salaried people’s burden, and the new bill is expected to be passed before 2012.

[pepsi]

[quote=flu]

For christ sake. I don’t need a history on Taiwan. Hell, I could probably get citizenship there and free healthcare if I needed. Again, I’ll say this again… If Taiwan’s government needs to spend $100billion on helping the poor…It’s not exactly taking $100billion from the working folks you know..It does this from it’s own pockets.. Hell, part of that $100billion would probably be from bribes. Just ask Ex-President Chen Shui-bian. He probably needs some penpals to pass time in jail until he dies there. Hell, you could have been a General in the Taiwanese military for the right amount paid to his wife.

BTW: once again, you only look at one side of the story here (again). Taiwan in particular…Do you really think things are as “fair” as you think they are? Single aristocratic families controlling 1/4 of Taiwan’s GDP alone like the Koo family? Do you think that is better than what we have here if you happen to just be some worker bee? I think several times, folks view on foreigners from these countries are warped. The (false) impression is everyone is wealthy there, because folks only see the ones with the financial means to be in the united states.
[/quote]

I won’t agree to these statement about Taiwan. You probably need to discredit your opponent’s best evidence, but try not to discredit your parent’s country if you can, please.

1/4 GDP controlled by single aristocratic families ? (that maybe true 60 years ago, but not today). Income inequality there is still much better than US, by the way.

And I am not sure where you get “$100B from bride, to cover health care cost” coming from. Taiwan government is not as corrupted as you thought.

And the cost is actually shouldered by salaried people. Many high income people actually pay less than salaried people, as they are categorized in Cat 6 (Other/inconsistent income).
The upcoming bill will fix the problem to lower salaried people’s burden, and the new bill is expected to be passed before 2012.

[pepsi]

[quote=flu]

For christ sake. I don’t need a history on Taiwan. Hell, I could probably get citizenship there and free healthcare if I needed. Again, I’ll say this again… If Taiwan’s government needs to spend $100billion on helping the poor…It’s not exactly taking $100billion from the working folks you know..It does this from it’s own pockets.. Hell, part of that $100billion would probably be from bribes. Just ask Ex-President Chen Shui-bian. He probably needs some penpals to pass time in jail until he dies there. Hell, you could have been a General in the Taiwanese military for the right amount paid to his wife.

BTW: once again, you only look at one side of the story here (again). Taiwan in particular…Do you really think things are as “fair” as you think they are? Single aristocratic families controlling 1/4 of Taiwan’s GDP alone like the Koo family? Do you think that is better than what we have here if you happen to just be some worker bee? I think several times, folks view on foreigners from these countries are warped. The (false) impression is everyone is wealthy there, because folks only see the ones with the financial means to be in the united states.
[/quote]

I won’t agree to these statement about Taiwan. You probably need to discredit your opponent’s best evidence, but try not to discredit your parent’s country if you can, please.

1/4 GDP controlled by single aristocratic families ? (that maybe true 60 years ago, but not today). Income inequality there is still much better than US, by the way.

And I am not sure where you get “$100B from bride, to cover health care cost” coming from. Taiwan government is not as corrupted as you thought.

And the cost is actually shouldered by salaried people. Many high income people actually pay less than salaried people, as they are categorized in Cat 6 (Other/inconsistent income).
The upcoming bill will fix the problem to lower salaried people’s burden, and the new bill is expected to be passed before 2012.

[Author]

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