Joined: Sat Oct 16, 2004 10:53 pm Posts: 20537 Location: The City Of Trees
Electromatic wrote:
Buffett mentioned his secretary because the income tax rate is higher than the capital gains rate. There are a variety of reasons for this, most of it having to do with the fact that it benefits the economy to encourage investment and there are only a very small number of people who make thier income exclusively on investments but generally all of us invest. If you make the tax rate on investments similar to what it is on income many of us would have a lot less money to invest and the economy would suffer.
I've never bought this argument as anything more than wishful thinking from supply siders. It takes two for an economy to tango, and I've never understood why either side of the equation should get an added political boost.
Joined: Fri Oct 22, 2004 12:47 pm Posts: 9282 Location: Atlanta Gender: Male
Green Habit wrote:
Electromatic wrote:
Buffett mentioned his secretary because the income tax rate is higher than the capital gains rate. There are a variety of reasons for this, most of it having to do with the fact that it benefits the economy to encourage investment and there are only a very small number of people who make thier income exclusively on investments but generally all of us invest. If you make the tax rate on investments similar to what it is on income many of us would have a lot less money to invest and the economy would suffer.
I've never bought this argument as anything more than wishful thinking from supply siders. It takes two for an economy to tango, and I've never understood why either side of the equation should get an added political boost.
"I laid out a blueprint for an economy that's built to last, that has a firm foundation. Where we're making stuff and selling stuff and moving it around and UPS drivers are dropping things off everywhere."
"I laid out a blueprint for an economy that's built to last, that has a firm foundation. Where we're making stuff and selling stuff and moving it around and UPS drivers are dropping things off everywhere."
Joined: Sat Oct 16, 2004 10:51 pm Posts: 14534 Location: Mesa,AZ
vegman wrote:
I wonder how many books Jan Brewer will sell after sticking her finger in Obama's face. Pretty blatant stunt.
Quite a few, it looks like. It's currently #17 on Amazon.
On a side note, I was at the speech Obama gave, before being accosted by Brewer, and he said something that I think people on all sides of the political spectrum should agree with: that crane is huge.
_________________
John Adams wrote:
In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof, unless it's a religion we don't like, or social issues that we feel supersede your right to freely exercise your religious beliefs. Or something like that.
Did this guy just win the election today with that mortgage plan nonsense?
_________________ "Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires." -- John Steinbeck
Joined: Thu Dec 16, 2004 1:54 am Posts: 7189 Location: CA
Of all the faiths, the Catholics deserve this the most. How many federal grants and contracts did they pull down for their hospitals and social work programs? You can't have it both ways, either you are an auxiliary of the state or you're a religious institution. Hopefully they reconsider the structure of their institutions as a result of this.
Did this guy just win the election today with that mortgage plan nonsense?
God I hope. THIS is a sham. It's also straight up wealth redistribution. The vast majority of the money isn't even going to help those that were foreclosed upon. 17/25ths is going to principle reductions. They're performing assessments, your only requirement is to have made your last 6 months worth of payments on time, and you need a minimal credit score of 580! There are approximately 11 million who qualify, but there's enough help what? 3 to 3.5?
It's essentially a lottery to home owners to get a bunch of other people's money.
I think it's great. I mean, I'm looking to get my own mortgage right now so I might as well pay for someone else's too right?
Of all the faiths, the Catholics deserve this the most. How many federal grants and contracts did they pull down for their hospitals and social work programs? You can't have it both ways, either you are an auxiliary of the state or you're a religious institution. Hopefully they reconsider the structure of their institutions as a result of this.
They shouldn't be getting government grants in the first place. That's still no excuse to violate first amendment rights.
Joined: Thu Dec 16, 2004 1:54 am Posts: 7189 Location: CA
It is no excuse, but its funny that the Catholics were gaga for Obamacare when they announced it. This was a totally forseeable consequence, if they had bothered to fully think this thing out.
Did this guy just win the election today with that mortgage plan nonsense?
God I hope. THIS is a sham. It's also straight up wealth redistribution. The vast majority of the money isn't even going to help those that were foreclosed upon. 17/25ths is going to principle reductions. They're performing assessments, your only requirement is to have made your last 6 months worth of payments on time, and you need a minimal credit score of 580! There are approximately 11 million who qualify, but there's enough help what? 3 to 3.5?
It's essentially a lottery to home owners to get a bunch of other people's money.
I think it's great. I mean, I'm looking to get my own mortgage right now so I might as well pay for someone else's too right?
Fuck these people.
You're very angry, and you're very violent. I know you're still using that avatar as evidence that you "won" against PunkDavid, but you can stop now. Your low self esteem and classic case of conservative victimization complex is not going to be mitigated by whatever perceived intellectual clout you think you have on RM.
You're very angry, and you're very violent. I know you're still using that avatar as evidence that you "won" against PunkDavid, but you can stop now. Your low self esteem and classic case of conservative victimization complex is not going to be mitigated by whatever perceived intellectual clout you think you have on RM.
LittleWing gonna LittleWing. Ain't nothing nobody can do 'bout it.
BUT, he is correct. This is bill nothing but a piece of paper Obama can point and say "I did something to help those poor, poor people who were swindled by the evil 1% whom I am fighting so hard to make pay their 'fair' share. Now vote for me or the banks win!"
Look at the situation; the bank still hold the financial nuclear weapon of tens of thousands of shadow foreclosures they could bring to the market at any minute. Real Estate loans are still be bundled into securities, by some accounts at an even great rate, and pension funds are still allowed to invest in them. And people are still getting conned by robo-signers and no downpayment ARMs. Here's one write up of the benefits of the plan:
"Hundreds of thousands of borrowers are also expected to receive restitution, averaging $1,500 to $2,000, if they lost homes to foreclosure from 2008 to the end of 2011." -Detriot Free Press
So the bank illegally foreclosed on a home and the now non-homeowner gets $2,000 in compensation? That's not even a slap on the wrist for these criminals. It's just another example of the joke Obama has become. He was elected on a mandate to change how DC operates and he's done nothing but allow it to get worse.
Joined: Mon Oct 18, 2004 4:52 pm Posts: 10620 Location: Chicago, IL Gender: Male
simple schoolboy wrote:
It is no excuse, but its funny that the Catholics were gaga for Obamacare when they announced it. This was a totally forseeable consequence, if they had bothered to fully think this thing out.
Joined: Fri Oct 22, 2004 12:47 pm Posts: 9282 Location: Atlanta Gender: Male
broken iris wrote:
KingHardball wrote:
You're very angry, and you're very violent. I know you're still using that avatar as evidence that you "won" against PunkDavid, but you can stop now. Your low self esteem and classic case of conservative victimization complex is not going to be mitigated by whatever perceived intellectual clout you think you have on RM.
LittleWing gonna LittleWing. Ain't nothing nobody can do 'bout it.
BUT, he is correct. This is bill nothing but a piece of paper Obama can point and say "I did something to help those poor, poor people who were swindled by the evil 1% whom I am fighting so hard to make pay their 'fair' share. Now vote for me or the banks win!"
Look at the situation; the bank still hold the financial nuclear weapon of tens of thousands of shadow foreclosures they could bring to the market at any minute. Real Estate loans are still be bundled into securities, by some accounts at an even great rate, and pension funds are still allowed to invest in them. And people are still getting conned by robo-signers and no downpayment ARMs. Here's one write up of the benefits of the plan:
"Hundreds of thousands of borrowers are also expected to receive restitution, averaging $1,500 to $2,000, if they lost homes to foreclosure from 2008 to the end of 2011." -Detriot Free Press
So the bank illegally foreclosed on a home and the now non-homeowner gets $2,000 in compensation? That's not even a slap on the wrist for these criminals. It's just another example of the joke Obama has become. He was elected on a mandate to change how DC operates and he's done nothing but allow it to get worse.
Exactly, so for displacing your family and screwing you out of your rights initially we shall bestow on thee ONE mortage payment. Isn't that wonderful!
Let them eat cake.
It would have benefitted me if they changed the damned laws that allow banks to include nearby forclosures to assess property value.
The 7 forclosures in my neighborhood have nothing to do with the value I've added to my house. I'm not selling it for a third of it's value. If we're going to play that game, lets apply that same logic to property taxes.
Did this guy just win the election today with that mortgage plan nonsense?
God I hope. THIS is a sham. It's also straight up wealth redistribution. The vast majority of the money isn't even going to help those that were foreclosed upon. 17/25ths is going to principle reductions. They're performing assessments, your only requirement is to have made your last 6 months worth of payments on time, and you need a minimal credit score of 580! There are approximately 11 million who qualify, but there's enough help what? 3 to 3.5?
It's essentially a lottery to home owners to get a bunch of other people's money.
I think it's great. I mean, I'm looking to get my own mortgage right now so I might as well pay for someone else's too right?
Fuck these people.
You're very angry, and you're very violent. I know you're still using that avatar as evidence that you "won" against PunkDavid, but you can stop now. Your low self esteem and classic case of conservative victimization complex is not going to be mitigated by whatever perceived intellectual clout you think you have on RM.
I have the avatar because I'm lazy and don't feel like changing it. I didn't have an avatar for years. But thanks for LOLful memories. If I had low self-esteem I wouldn't have graduated towards the top of my class, or joined the Marine Corps, or went to college for engineering, and then gotten an engineering degree, and now out earn my engineering peers.
My victimization complex is a result of - ya know - the government victimizing me and the majority of the populace viewing me as nothing more than a tax serf.
Joined: Mon Oct 18, 2004 11:36 pm Posts: 25824 Location: south jersey
LittleWing wrote:
If I had low self-esteem I wouldn't have graduated towards the top of my class, or joined the Marine Corps, or went to college for engineering, and then gotten an engineering degree, and now out earn my engineering peers.
are you drunk or something?
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