Obama XXI: Kenyan Muslins are ruining this country!

[dxmnkd316]

Re: Obama XXI: Kenyan Muslins are ruining this country!

3rd demand should be to limit the derivatives market and demand transparency.

You make me a sad panda...

 

[Priceless]

Re: Obama XXI: Kenyan Muslins are ruining this country!

<table style='font:11px arial; color:#333; background-color:#f5f5f5' cellpadding='0' cellspacing='0' width='512' height='340'><tbody><tr style='background-color:#e5e5e5' valign='middle'><td style='padding:2px 1px 0px 5px;'><a target='_blank' style='color:#333; text-decoration:none; font-weight:bold;' href='http://www.thedailyshow.com'>The Daily Show With Jon Stewart</a></td><td style='padding:2px 5px 0px 5px; text-align:right; font-weight:bold;'>Mon - Thurs 11p / 10c</td></tr><tr style='height:14px;' valign='middle'><td style='padding:2px 1px 0px 5px;' colspan='2'><a target='_blank' style='color:#333; text-decoration:none; font-weight:bold;' href='http://www.thedailyshow.com/watch/wed-october-5-2011/parks-and-demonstration'>Parks and Demonstration</a></td></tr><tr style='height:14px; background-color:#353535' valign='middle'><td colspan='2' style='padding:2px 5px 0px 5px; width:512px; overflow:hidden; text-align:right'><a target='_blank' style='color:#96deff; text-decoration:none; font-weight:bold;' href='http://www.thedailyshow.com/'>www.thedailyshow.com</a></td></tr><tr valign='middle'><td style='padding:0px;' colspan='2'><embed style='display:block' src='http://media.mtvnservices.com/mgid:cms:item:comedycentral.com:399050' width='512' height='288' type='application/x-shockwave-flash' wmode='window' allowFullscreen='true' flashvars='autoPlay=false' allowscriptaccess='always' allownetworking='all' bgcolor='#000000'></embed></td></tr><tr style='height:18px;' valign='middle'><td style='padding:0px;' colspan='2'><table style='margin:0px; text-align:center' cellpadding='0' cellspacing='0' width='100%' height='100%'><tr valign='middle'><td style='padding:3px; width:33%;'><a target='_blank' style='font:10px arial; color:#333; text-decoration:none;' href='http://www.thedailyshow.com/full-episodes/'>Daily Show Full Episodes</a></td><td style='padding:3px; width:33%;'><a target='_blank' style='font:10px arial; color:#333; text-decoration:none;' href='http://www.indecisionforever.com/'>Political Humor & Satire Blog</a></td><td style='padding:3px; width:33%;'><a target='_blank' style='font:10px arial; color:#333; text-decoration:none;' href='http://www.facebook.com/thedailyshow'>The Daily Show on Facebook</a></td></tr></table></td></tr></tbody></table>

 

[unofan]

Re: Obama XXI: Kenyan Muslins are ruining this country!

I really don't get it. I thought "the 1%" are the people that aren't paying high enough taxes; the top 1% of wage earners we've been hearing so much about.
If it's not about the money, why are they on Wall St. at all? Isn't that what it symbolizes?

Top 1% of income earners, not wage earners. There's a difference.

 

[pirate]

Re: Obama XXI: Kenyan Muslins are ruining this country!

Yes! you got it. 1st demand is to make tax rates FAIR. 2nd-3rd demand is to have a robust and safe banking system but without all the socialized (taxpayer) risk.

1st demand should be repeal of 1997, 2003 capital gains tax reduction (or FAIR ordinary income rate) . HIGHEST 400 AGI earners in the country from current 18% back to 30% tax rate.

2nd demand should be the repeal of all the deregulation of the banking industry and split commercial from investment banks again. And let investment banks fail (or nationalize).

3rd demand should be to limit the derivatives market and demand transparency. CDS/CDO/MBS etc..

http://www.cbpp.org/cms/?fa=view&id=68

And they'll keep investing at the same rate even if the gains are taxed at twice the current rate? I suspect not. Maybe the rate should be higher, but some % of investing is going to go into something else.

I'm not a high finance guy but even i recognize that all of the "the rich only sit on their money and they never do anything with it" conflicts with "they make all kinds of capital gains and don't pay enough taxes". If they are investing their money then somebody is doing something with it.

Now, let's not get all 'absolutist' on this and assume what I'm saying is that 100% is invested in 'job creator' avenues...but the impression I get is that many on here think the exact opposite is true 100% of the time.

The majority of the game is played between the hash marks and the view is warped from either sideline.

 

[Tundra]

Re: Obama XXI: Kenyan Muslins are ruining this country!

And they'll keep investing at the same rate even if the gains are taxed at twice the current rate? I suspect not. Maybe the rate should be higher, but some % of investing is going to go into something else.

I think historic data suggest that they will (have to) invest that money, since inflation will destroy cash over time. They will find (make) tax-shelter, loop holes. we're just going back to where we used to be at 28% (or double the current rate). personally i would like to go all the way back to ordinary income.

 

[Tundra]

Re: Obama XXI: Kenyan Muslins are ruining this country!

You make me a sad panda...

I hated calculus. I had to get 98% on the final to pass (B) that class. Teacher was suspicious since I did crappy on the weekly tests.

Looks like Occupy wall street came to Anchorage.

 

[Kepler]

Re: Obama XXI: Kenyan Muslins are ruining this country!

Looks like Occupy wall street came to Anchorage.

Here's where they were two days ago. It's probably tripled since then.

 

[SteveP]

Re: Obama XXI: Kenyan Muslins are ruining this country!

Here's where they were two days ago. It's probably tripled since then.

There's also protests planned in Toronto, Vancouver and other Canadian cities, despite the fact that Canada's banking system survived the meltdown.

 

[Kepler]

Re: Obama XXI: Kenyan Muslins are ruining this country!

Even considering it's FNC, this was dumb slash funny.

 

[walrus]

Re: Obama XXI: Kenyan Muslins are ruining this country!

Here's where they were two days ago. It's probably tripled since then.

Yeah
Soros upped his donations to the "cause"

 

[geezer]

Re: Obama XXI: Kenyan Muslins are ruining this country!

"Occupy the UP" is in Marquette tomorrow. Not sure if it's a protest or a plan to colonize/homestead.

 

[MinnFan]

Re: Obama XXI: Kenyan Muslins are ruining this country!

I think historic data suggest that they will (have to) invest that money, since inflation will destroy cash over time. They will find (make) tax-shelter, loop holes. we're just going back to where we used to be at 28% (or double the current rate). personally i would like to go all the way back to ordinary income.

Considering it brings in less revenue when you raise capital gains taxes I find it pretty sad that all people want to do is punish the "rich". How are you going to be better off by punishing someone else?

One would think that in this economy you would want to do everything possible to encourage investment and risk-taking. Why not just get rid of the capital gains tax considering that the majority of gains have already been taxed at a 35% corporate rate?

 

[unofan]

Re: Obama XXI: Kenyan Muslins are ruining this country!

Considering it brings in less revenue when you raise capital gains taxes I find it pretty sad that all people want to do is punish the "rich". How are you going to be better off by punishing someone else?

Taxes aren't punishment, they're the price of admission. More to the point, since we're running a deficit, we need to raise taxes somewhere (and don't use this as a segway to spout yet another official GOP Talking Point (TM) that it's a spending problem and not a revenue problem; it's both).

 

[MinnFan]

Re: Obama XXI: Kenyan Muslins are ruining this country!

Taxes aren't punishment, they're the price of admission. More to the point, since we're running a deficit, we need to raise taxes somewhere (and don't use this as a segway to spout yet another official GOP Talking Point (TM) that it's a spending problem and not a revenue problem; it's both).

Except when you raise them on capital gains you lower revenue. Also, you are going to get far more tax revenue from a growing economy than an increase in tax rates.

If its simply the price of admission then shouldn't be the same rate for everyone?

 

[unofan]

Re: Obama XXI: Kenyan Muslins are ruining this country!

Except when you raise them on capital gains you lower revenue.

If its simply the price of admission then shouldn't be the same rate for everyone?

Just like luxury box tickets are the same price as the obstructed view seat in the corner, amirite?

Also, why do you hate capitalism?

"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

 

[5mn_Major]

Re: Obama XXI: Kenyan Muslins are ruining this country!

One would think that in this economy you would want to do everything possible to encourage investment and risk-taking. Why not just get rid of the capital gains tax considering that the majority of gains have already been taxed at a 35% corporate rate?

The private sector has cash. It is not spending, investing or risk taking.

 

[MinnFan]

Re: Obama XXI: Kenyan Muslins are ruining this country!

The private sector has cash. It is not spending, investing or risk taking.

If it has cash just sitting around then you can't tax it regardless of rates. Perhaps increasing possible after-tax return would encourage more investment?

 

[Kepler]

Re: Obama XXI: Kenyan Muslins are ruining this country!

Taxes aren't punishment, they're the price of admission. More to the point, since we're running a deficit, we need to raise taxes somewhere (and don't use this as a segway to spout yet another official GOP Talking Point (TM) that it's a spending problem and not a revenue problem; it's both).

You know how the rich can best lower their tax burden? Support policies that broaden the middle class and bring people up out of poverty. This not only increases the amount of tax revenue that is drawn from the non-wealthy (thus decreasing the wealthy's share of the tax burden), but also decreases the revenue needed to fight the symptoms of having so many Have Nots: crime, drugs, health etc.

The only reason we have to "soak the rich" is we now have a structure where only the rich are benefitting.

 

[ScoobyDoo]

Re: Obama XXI: Kenyan Muslins are ruining this country!

The only reason we have to "soak the rich" is we now have a structure where only the rich are benefitting.

Try convincing ANYONE on the right of that. ANYONE.

 

[unofan]

Re: Obama XXI: Kenyan Muslins are ruining this country!

If it has cash just sitting around then you can't tax it regardless of rates. Perhaps increasing possible after-tax return would encourage more investment?

So people will leave their money sitting in cash getting less than a 1% return if they only get 85% of any investment profits?

If investors are really that willing to bit off their nose to spite their face, then our economy's farked either way.