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Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

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Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

joecct said:
I take it you've been to Saddle River and Upper Saddle River?
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I have not. I stand corrected. Now I know where the first tactical nuclear strike should be.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

joecct said:
Not McLean or Potomac? Granted that's a bit close to you and me.
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McLean is legit money, and most of the homes there are tasteful and reasonable. The people in them read books.

The bucolic buffoons of Clifton are NASCAR fans who won the lottery. In the larder off the 400-foot kitchen they have palettes of spaghetti o's.

"I don't mind a parasite. I object to a cut-rate one."
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

@CTVNews: #BREAKING: Sears Canada to seek court approval to liquidate all remaining stores, CP reports
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Why restoring a strong progressive tax code helps the economy, while cutting taxes on the "job creators" is obvious feudal bullsh-t.

And yes, I know that for anybody who has been paying attention the last thirty years, none of this is news.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Kepler said:
Why restoring a strong progressive tax code helps the economy, while cutting taxes on the "job creators" is obvious feudal bullsh-t.

And yes, I know that for anybody who has been paying attention the last thirty years, none of this is news.
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Today, wealthy corporations and investors already have more money than we know what to do with—literally trillions of dollars of hoarded cash just sitting in U.S. bank accounts doing absolutely nothing—and yes, that includes the several trillion dollars of foreign earnings the Trump administration wants to “repatriate” tax free.
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That's my favorite part.

EDIT: And this. I love this one.

The real problem with our economy is that we are concentrating wealth in the hands of people who aren’t spending or investing it, while starving working- and middle-class Americans of the ability to invest in themselves—not to mention sapping the consumer spending power that accounts for 70 percent of GDP.
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Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I have a simple solution for the repatriation of hidden accounts. You have six months to repatriate it -- one time 50% tax.

Otherwise we take it all.

My explanation is: "because f-ck you."

The 1% stole about 20 trillion dollars from the taxpayers of this country since 1980. They're thieves. They don't get to negotiate.
 
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Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Sorry for the size.

<img src="https://images.dailykos.com/images/459269/story_image/1358ckCOMIC-counter-earth---tax-policy.png?1507728431"> </img>
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

FlagDUDE08 said:
We have to pass tax reform to know what's in it? https://www.infowars.com/gop-tax-bill-shrouded-in-secrecy/
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Kansas appears to be such a spectacular failure. About 4 years after the Brownback tax cuts, GDP growth in the state for Q4 of 2016 was .1% tied with Mississippi and good for last place nationally. Some believe that cutting taxes grows the economy...what it does is makes the state spend less in the private sector which results in stagnant outcomes. And it makes it difficult to balance the budget...yes, that's still a thing.

Not sure why anyone would want to roll that out...
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

mookie1995 said:
mookie is all for reform.... but that should begin with rates being kept as is to start. let's allow for mtge interest deductions to be only on your lowest cost home for 1.
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Mortgage interest deduction is a huge benefit to the lenders. It gives people the false sense of mind that they're getting a break by not accelerating their payments, when in all reality they're making the purchase price of their home more expensive by the month, and should the deductions be above anywhere from 6400-12800 (depending on your situation), anything in excess you're really spending 3-10 times as much, and to some bank instead of the government.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

If a bill cuts the mortgage deduction, how much does the housing market tank?
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

FlagDUDE08 said:
Mortgage interest deduction is a huge benefit to the lenders. It gives people the false sense of mind that they're getting a break by not accelerating their payments, when in all reality they're making the purchase price of their home more expensive by the month, and should the deductions be above anywhere from 6400-12800 (depending on your situation), anything in excess you're really spending 3-10 times as much, and to some bank instead of the government.
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All of that is absolutely true. However, Congress is trying to close Pandora's box, which has already been priced into the purchase of homes to date, and thus would negatively affect the principal value of everyone who owns a home at this very moment, should that portion of the tax bill become law. The mortgage deduction truly is Pandora's box, and you have to be very careful in how you shut it or you'll negatively impact middle class America directly and direly, and rich people have already hit the taxable income cap for deductions, so they're not impacted regardless.

It's a de facto tax increase on the middle class. It'll play about as well as Fiddler on the Roof at a KKK rally.
 
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