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Weaving the Strands: Business, Economics, and Tax Policy 2.0

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  • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

    Originally posted by joecct View Post
    A different look at the President's tax plan vis a vis MLB
    http://m.townhall.com/tipsheet/ConnC...-plan-n1945674
    Socialism stops working when you run out of other people's money.

    The only problem with cutting the state and local tax credits is that the rich are living in state with no state income taxes, such as Florida, Texas, or Washington. If these credits include property and school taxes, then you might have a chance.
    Last edited by FlagDUDE08; 01-21-2015, 09:19 AM.

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    • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

      Originally posted by FlagDUDE08 View Post
      Socialism stops working when you run out of other people's money.
      So does Capitalism.
      Cornell University
      National Champion 1967, 1970
      ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
      Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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      • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

        Form 8965 is a new one for pretty much everyone.

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        • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

          The mayor of London is complaining about US taxes. Yes, he holds dual citizenship. http://rt.com/uk/225159-boris-johnson-us-tax/

          Brings up a thought: Do these internationals "have to pay" PPACA taxes because they don't have US coverage?

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          • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

            Europe's doing the whole Quantitative Easing thing now. http://www.usatoday.com/story/money/...land/22149557/

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            • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

              Originally posted by FlagDUDE08 View Post
              Europe's doing the whole Quantitative Easing thing now. http://www.usatoday.com/story/money/...land/22149557/
              Last night on the BBC I saw a report of a demonstration in Leipzig wanting Germany for the Germans.

              I think Brussels is out of touch with the mainstream Europer (Yooper?).
              CCT '77 & '78
              4 kids
              5 grandsons (BCA 7/09, CJA 5/14, JDL 8/14, JFL 6/16, PJL 7/18)
              1 granddaughter (EML 4/18)

              ”Any society that would give up a little liberty to gain a little security will deserve neither and lose both.”
              - Benjamin Franklin

              Banned from the St. Lawrence University Facebook page - March 2016 (But I got better).

              I want to live forever. So far, so good.

              Comment


              • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

                Originally posted by joecct View Post
                Anything that passes Congress should be labeled "The Accountants and Lawyers Full Employment Act of 2015".
                Of course, that's how the politicians from both parties keep the money rolling in for campaign donations. Nowadays it is far more "profitable" to find ways to "game the system" than it is to actually engage in productive useful work.
                "Hope is a good thing; maybe the best of things."

                "Beer is a sign that God loves us and wants us to be happy." -- Benjamin Franklin

                "Being Irish, he had an abiding sense of tragedy, which sustained him through temporary periods of joy." -- W. B. Yeats

                "People generally are most impatient with those flaws in others about which they are most ashamed of in themselves." - folk wisdom

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                • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

                  Originally posted by joecct View Post
                  I think Brussels is out of touch with the mainstream Europer (Yooper?).
                  Trust me, a "Yooper" is not a thing that's like a European. The closest you'll get is some French-Canadian voyageur that went native.
                  Huskies are very intelligent and trainable. Huskies make an excellent jogging companion, as long as it is not too hot. Grooming is minimal; bathing is normally unnecessary.
                  USCHO Fantasy Baseball Champion 2011 2013 2015

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                  • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

                    Originally posted by FreshFish View Post
                    Of course, that's how the politicians from both parties keep the money rolling in for campaign donations. Nowadays it is far more "profitable" to find ways to "game the system" than it is to actually engage in productive useful work.
                    Twas ever thus. The history of the development of the canal system in the first half of the 19th century reads like it could have happened this year. Same players, too: corrupt pols, lobbyists, robber barons, and rafts and rafts of suckers.
                    Cornell University
                    National Champion 1967, 1970
                    ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                    Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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                    • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

                      Looks like the anti-government crowd will have to create a new currency... http://www.bbc.com/news/technology-30949658

                      Comment


                      • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

                        A kerfuffle at the Catholic University of America, of all places, over the concept of free markets and private property. Their Business School is starting a program to teach business leaders on how to reconcile capitalism with Catholic teachings:

                        The dean of the Catholic University of America’s School of Business and Economics ... idea: A research and educational program focused on the compatibility of capitalism and Catholicism. On Thursday the university announced a $3 million grant to fund this vision.

                        It makes perfect sense that CUA would want to teach this topic to business leaders. Free markets have liberated more people from poverty than any other force in history. But they must also be buttressed by moral principles, such as those taught in the Catholic Church.
                        That, so far, seems (to me) reasonable enough. but not to some. however. and so in response to those critics,

                        the principles behind this initiative and the principled entrepreneurship program are consistent with Catholic teaching. Consider the seminal text on Catholicism and economics, Pope Leo XIII ’s 1891 encyclical Rerum Novarum, which discusses at length the “rights and duties of capital and labor.” .... qualities that must be present in a just economic system .... includes the protection of private property and human freedom, a concern for the common good, and, most important, a deep respect for human dignity and a “preferential option” for the poor.

                        [Free market] Capitalism meets these criteria better than any other economic system. It is also the single most effective means of alleviating poverty. In the past 20 years alone, it has lifted more than a billion people out of extreme poverty, according to the Economist. It is also single-handedly responsible for creating a global two-billion-person middle class over the past 300 years.

                        But free markets only work within a moral culture [emphasis added] . When business is unmoored from a concern for the common good, capitalism can slide into cronyism and corruption—exactly what Pope Francis has critiqued in recent months. It is such perversions of a free-market economy that do not fit Catholic teaching.... Business leaders now regularly and proudly collude with politicians and bureaucrats, boosting their companies’ bottom lines at the expense of economic growth. There are subsidies that benefit the rich at the expense of the poor, handouts, mandates, favorable regulations and so on.

                        Such collusion leads to the corruption and collectivism that are anathema to Catholic social teaching. It assumes that government intervention is the answer to social and economic problems, misunderstanding the Catholic principles of solidarity and subsidiarity. And it subordinates the individual to the state [emphasis added], perverting or ignoring the Catholic understanding of the common good, human dignity and personal freedom.

                        Societies and economies that operate in this fashion inevitably harm the poor, even as they claim to do the opposite. For this reason, Pope St. John Paul II, following other popes, explicitly condemned such economies in his 1991 encyclical Centesimus Annus. He argued that Rerum Novarum’s claim that “the working man himself would be among the first to suffer” had been borne out by the collectivist societies of the 20th century. He also commended “an economic system which recognizes the fundamental and positive role of business, the market, [and] private property.”

                        so it's five quoted paragraphs instead of four. For some reason I suspect the author wouldn't mind....
                        Last edited by FreshFish; 01-23-2015, 03:39 PM.
                        "Hope is a good thing; maybe the best of things."

                        "Beer is a sign that God loves us and wants us to be happy." -- Benjamin Franklin

                        "Being Irish, he had an abiding sense of tragedy, which sustained him through temporary periods of joy." -- W. B. Yeats

                        "People generally are most impatient with those flaws in others about which they are most ashamed of in themselves." - folk wisdom

                        Comment


                        • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

                          Skymall has fallen
                          CCT '77 & '78
                          4 kids
                          5 grandsons (BCA 7/09, CJA 5/14, JDL 8/14, JFL 6/16, PJL 7/18)
                          1 granddaughter (EML 4/18)

                          ”Any society that would give up a little liberty to gain a little security will deserve neither and lose both.”
                          - Benjamin Franklin

                          Banned from the St. Lawrence University Facebook page - March 2016 (But I got better).

                          I want to live forever. So far, so good.

                          Comment


                          • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

                            Did Jesus promote capitalism?

                            Matthew 25:14 - 29:

                            [T]he Kingdom of Heaven can be illustrated by the story of a man going on a long trip. He called together his servants and entrusted his money to them while he was gone. He gave five bags of silver to one, two bags of silver to another, and one bag of silver to the last—dividing it in proportion to their abilities. He then left on his trip.

                            The servant who received the five bags of silver began to invest the money and earned five more. The servant with two bags of silver also went to work and earned two more. But the servant who received the one bag of silver dug a hole in the ground and hid the master’s money.

                            After a long time their master returned from his trip and called them to give an account of how they had used his money. The servant to whom he had entrusted the five bags of silver came forward with five more and said, ‘Master, you gave me five bags of silver to invest, and I have earned five more.’

                            The master was full of praise. ‘Well done, my good and faithful servant. You have been faithful in handling this small amount, so now I will give you many more responsibilities. Let’s celebrate together!"

                            The servant who had received the two bags of silver came forward and said, ‘Master, you gave me two bags of silver to invest, and I have earned two more.’

                            The master said, ‘Well done, my good and faithful servant. You have been faithful in handling this small amount, so now I will give you many more responsibilities. Let’s celebrate together!’

                            Then the servant with the one bag of silver came and said, ‘Master, I knew you were a harsh man, harvesting crops you didn’t plant and gathering crops you didn’t cultivate. I was afraid I would lose your money, so I hid it in the earth. Look, here is your money back.’

                            But the master replied, ‘You wicked and lazy servant! If you knew I harvested crops I didn’t plant and gathered crops I didn’t cultivate, why didn’t you deposit my money in the bank? At least I could have gotten some interest on it.’

                            Then he ordered, ‘Take the money from this servant, and give it to the one with the ten bags of silver. To those who use well what they are given, even more will be given, and they will have an abundance. But from those who do nothing, even what little they have will be taken away.'
                            Last edited by FreshFish; 01-23-2015, 04:43 PM.
                            "Hope is a good thing; maybe the best of things."

                            "Beer is a sign that God loves us and wants us to be happy." -- Benjamin Franklin

                            "Being Irish, he had an abiding sense of tragedy, which sustained him through temporary periods of joy." -- W. B. Yeats

                            "People generally are most impatient with those flaws in others about which they are most ashamed of in themselves." - folk wisdom

                            Comment


                            • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

                              Staples buying Office Depot - stock and cash deal.
                              CCT '77 & '78
                              4 kids
                              5 grandsons (BCA 7/09, CJA 5/14, JDL 8/14, JFL 6/16, PJL 7/18)
                              1 granddaughter (EML 4/18)

                              ”Any society that would give up a little liberty to gain a little security will deserve neither and lose both.”
                              - Benjamin Franklin

                              Banned from the St. Lawrence University Facebook page - March 2016 (But I got better).

                              I want to live forever. So far, so good.

                              Comment


                              • Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

                                Originally posted by joecct View Post
                                Staples buying Office Depot - stock and cash deal.
                                Interesting... buying for $11/share, and right now someone last thought it was worth 9.50.

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