The Current Events, News, and Politics Thread
#3121
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so I was told this was an interesting thread....
Hard to jump mid conversation, so I'll start.
Mostly libertarian views... Ron Paul, Gary Johnson... regular avid internet user political compass.. blah blah blah...
Cut spending, increase taxes. Purge the politicans. Downsize overseas military personnel and increase military scientific research (RnD). Dis-interest in world issues that aren't a direct National security threat (rollseyes, I know how that'll be interpreted).
As for the paying back the debt.... we've been paying back the debt.. the debt of WWII.... and korea..... and vietnam... The sum isn't as substantial, but I wouldn't worry about it. Just rest easy knowing you're not about to get taxed 75 percent of your income like my mom is in italy..
Hard to jump mid conversation, so I'll start.
Mostly libertarian views... Ron Paul, Gary Johnson... regular avid internet user political compass.. blah blah blah...
Cut spending, increase taxes. Purge the politicans. Downsize overseas military personnel and increase military scientific research (RnD). Dis-interest in world issues that aren't a direct National security threat (rollseyes, I know how that'll be interpreted).
As for the paying back the debt.... we've been paying back the debt.. the debt of WWII.... and korea..... and vietnam... The sum isn't as substantial, but I wouldn't worry about it. Just rest easy knowing you're not about to get taxed 75 percent of your income like my mom is in italy..
#3128
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I'm still trying to figure out what's the point of taxes and why we judge people on the amount htey pay...
I'd rather make 10 million and pay none and donate 7 million to the businesses/organizations of my choice.
I'd rather make 10 million and pay none and donate 7 million to the businesses/organizations of my choice.
#3130
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Another one whose head firmly planted in the sand over the responsibility of the current deficit. If you are worried about the deficit we need to undo bush policies, get rid of the obstructionist Tea partiers saving every tax loophole and welfare program for the rich and giant corporations in congress and not put somebody in the Whitehouse who is for bush policies on steroids.
Last edited by Braineack; 10-08-2019 at 09:48 AM.
#3131
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Taxes effectively serve to regulate aggregate demand and to add legal value to a currency.
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and why we judge people on the amount htey pay...
If you are poor, "we pay too much and the rich don't pay enough."
If you are "middle class" (which might mean you make $25k - $500k depending on who you ask), "we pay too much while the poor are a bunch of welfare freeloaders and/or the rich don't pay enough."
Focusing on "the others" is a great distraction from being able to focus on any real substantive issue.
#3132
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I think the best solution would just be to lower the blue line...
gosh, notice the rise on the red line during 2000-09, then boom. then continued spending.
i love when bob says the govt shrunk when he posts the amount of federally employeed persons... oh graphs, what work they can do...
Last edited by Braineack; 10-08-2019 at 09:48 AM.
#3133
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"The United States is actually more dependent on rich people to pay taxes than even many of the more socialized economies of Europe. According to the Tax Foundation, the United States gets 45 percent of its total taxes from the top 10 percent of tax filers, whereas the international average in industrialized nations is 32 percent. America’s rich carry a larger share of the tax burden than do the rich in Belgium (25 percent), Germany (31 percent), France (28 percent), and even Sweden (27 percent)."
Moore also delves into what the "47 percent" of America actually pays and receives from the federal government and that the perception that the middle class is shrinking is a myth. In fact, the actual trend has been an upward mobility and a better standard of living for the middle class and lower income earners in the last 25 years.
Last edited by Braineack; 10-08-2019 at 09:48 AM.
#3134
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Like when Bush's tax cuts, wars, and drug program were implemented in the early 2000s, his budget deficit was actually going down and even hit 181 billion in 2007 and then while playing with his Lincoln Logs in the oval office, he accidentally crashed them into the housing market and borke the economy and they skyrocketed?
I think the best solution would just be to lower the blue line...
![](https://www.miataturbo.net/attachment.php?attachmentid=57125&dateline=1349804509)
gosh, notice the rise on the red line during 2000-09, then boom. then continued spending.
i love when bob says the govt shrunk when he posts the amount of federally employeed persons... oh graphs, what work they can do...
I think the best solution would just be to lower the blue line...
gosh, notice the rise on the red line during 2000-09, then boom. then continued spending.
i love when bob says the govt shrunk when he posts the amount of federally employeed persons... oh graphs, what work they can do...
#3136
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I generally don't have "socialist" views such as taxing the wealthy, extra. And I'm currently studying to be a CPA and the more I learn, the more I realize that the richest people in America, can easily afford to pay a large amount on taxes with little to no burden on them financially. My mother is an extreme case, and only recently started to pay double taxes in two countries.
I feel we need to tax investors a shitload. Even I, studying finance, never understood the money machine that is investing. You're literally making money by sitting down and moving it around appropriately. I feel they should be taxed more heavily on those making much larger sums of money. We have a mild investment tax rate See here, Smartmoney. Investment tax brackets for FY2013 And I feel they are headed in the right direction for this next FY. However I feel there should be more taxation at higher income levels. Because first, you aren't actually working for it. Especially for Shorterm gains (up to 6 year investments) need to get jacked up.
Also, the wealthy clearly fall under a heavier tax bracket as stated earlier.
![](https://www.miataturbo.net/attachment.php?attachmentid=57163&dateline=1349817568)
We offer an enormous amount of tax breaks for the low incomed. Don't let the blind jabber of any neo-political thundercunt tell you otherwise that the rich needs tax breaks, or the poor need more government programs. Tax wise, we are on the right path on who's getting taxed, and how much. At least that's my opinion.
unspinning the "fair" tax law. Factcheck.org (also, I love factcheck.. I'm a huge skeptic by nature and generally don't take anything anyone says to me politically without running it through a couple sources that I feel are unbiased. Good habit for everyone else to have.
What we need is to audit the **** out of the fed, and give each politician it's own IRS suit who manages what nonsense they spout financially and has a heavy hand in advising government funded programs. That brings me to my next point.
Some government funded programs should start to be regulated at the state level. I'm not well versed enough to say which ones should exactly. But I think it makes sense most of these programs should be defined, ran, and managed by the state in the method they deem appropriate. (also rendering more taxation planning on the state level, instead of the federal level)
I feel we need to tax investors a shitload. Even I, studying finance, never understood the money machine that is investing. You're literally making money by sitting down and moving it around appropriately. I feel they should be taxed more heavily on those making much larger sums of money. We have a mild investment tax rate See here, Smartmoney. Investment tax brackets for FY2013 And I feel they are headed in the right direction for this next FY. However I feel there should be more taxation at higher income levels. Because first, you aren't actually working for it. Especially for Shorterm gains (up to 6 year investments) need to get jacked up.
Also, the wealthy clearly fall under a heavier tax bracket as stated earlier.
We offer an enormous amount of tax breaks for the low incomed. Don't let the blind jabber of any neo-political thundercunt tell you otherwise that the rich needs tax breaks, or the poor need more government programs. Tax wise, we are on the right path on who's getting taxed, and how much. At least that's my opinion.
unspinning the "fair" tax law. Factcheck.org (also, I love factcheck.. I'm a huge skeptic by nature and generally don't take anything anyone says to me politically without running it through a couple sources that I feel are unbiased. Good habit for everyone else to have.
What we need is to audit the **** out of the fed, and give each politician it's own IRS suit who manages what nonsense they spout financially and has a heavy hand in advising government funded programs. That brings me to my next point.
Some government funded programs should start to be regulated at the state level. I'm not well versed enough to say which ones should exactly. But I think it makes sense most of these programs should be defined, ran, and managed by the state in the method they deem appropriate. (also rendering more taxation planning on the state level, instead of the federal level)
Last edited by Braineack; 10-08-2019 at 09:48 AM.
#3137
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Welcome to the Political/Current Events thread. I am one of the resident ball-busters and nit-pickers.
You use a lot of generalities and platitudes (appropriate for this thread).
Assuming they can afford to, why should the "richest people in America" pay "a large amount on [sic] taxes?"
Define "investors" and "investing" as you are using it. Also, how do you define a "mild investment tax rate?"
Meaning the max of ~24% on LTCG (from 15%) and ~43% on dividends and STCG (from 15% and 35%, respectively)?
More taxation than is currently in place? More than is currently scheduled to go in to effect? Or just "more" in general?
Why?
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You use a lot of generalities and platitudes (appropriate for this thread).
I generally don't have "socialist" views such as taxing the wealthy, extra. And I'm currently studying to be a CPA and the more I learn, the more I realize that the richest people in America, can easily afford to pay a large amount on taxes with little to no burden on them financially.
I feel we need to tax investors a shitload. Even I, studying finance, never understood the money machine that is investing. You're literally making money by sitting down and moving it around appropriately. I feel they should be taxed more heavily on those making much larger sums of money. We have a mild investment tax rate.
Meaning the max of ~24% on LTCG (from 15%) and ~43% on dividends and STCG (from 15% and 35%, respectively)?
Why?
#3139
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I generally don't have "socialist" views such as taxing the wealthy, extra. And I'm currently studying to be a CPA and the more I learn, the more I realize that the richest people in America, can easily afford to pay a large amount on taxes with little to no burden on them financially. My mother is an extreme case, and only recently started to pay double taxes in two countries.
I feel we need to tax investors a shitload. Even I, studying finance, never understood the money machine that is investing. You're literally making money by sitting down and moving it around appropriately. I feel they should be taxed more heavily on those making much larger sums of money. We have a mild investment tax rate See here, Smartmoney. Investment tax brackets for FY2013 And I feel they are headed in the right direction for this next FY. However I feel there should be more taxation at higher income levels. Because first, you aren't actually working for it. Especially for Shorterm gains (up to 6 year investments) need to get jacked up.
Also, the wealthy clearly fall under a heavier tax bracket as stated earlier.
![](https://www.miataturbo.net/attachment.php?attachmentid=57163&dateline=1349817568)
We offer an enormous amount of tax breaks for the low incomed. Don't let the blind jabber of any neo-political thundercunt tell you otherwise that the rich needs tax breaks, or the poor need more government programs. Tax wise, we are on the right path on who's getting taxed, and how much. At least that's my opinion.
unspinning the "fair" tax law. Factcheck.org (also, I love factcheck.. I'm a huge skeptic by nature and generally don't take anything anyone says to me politically without running it through a couple sources that I feel are unbiased. Good habit for everyone else to have.
What we need is to audit the **** out of the fed, and give each politician it's own IRS suit who manages what nonsense they spout financially and has a heavy hand in advising government funded programs. That brings me to my next point.
Some government funded programs should start to be regulated at the state level. I'm not well versed enough to say which ones should exactly. But I think it makes sense most of these programs should be defined, ran, and managed by the state in the method they deem appropriate. (also rendering more taxation planning on the state level, instead of the federal level)
I feel we need to tax investors a shitload. Even I, studying finance, never understood the money machine that is investing. You're literally making money by sitting down and moving it around appropriately. I feel they should be taxed more heavily on those making much larger sums of money. We have a mild investment tax rate See here, Smartmoney. Investment tax brackets for FY2013 And I feel they are headed in the right direction for this next FY. However I feel there should be more taxation at higher income levels. Because first, you aren't actually working for it. Especially for Shorterm gains (up to 6 year investments) need to get jacked up.
Also, the wealthy clearly fall under a heavier tax bracket as stated earlier.
We offer an enormous amount of tax breaks for the low incomed. Don't let the blind jabber of any neo-political thundercunt tell you otherwise that the rich needs tax breaks, or the poor need more government programs. Tax wise, we are on the right path on who's getting taxed, and how much. At least that's my opinion.
unspinning the "fair" tax law. Factcheck.org (also, I love factcheck.. I'm a huge skeptic by nature and generally don't take anything anyone says to me politically without running it through a couple sources that I feel are unbiased. Good habit for everyone else to have.
What we need is to audit the **** out of the fed, and give each politician it's own IRS suit who manages what nonsense they spout financially and has a heavy hand in advising government funded programs. That brings me to my next point.
Some government funded programs should start to be regulated at the state level. I'm not well versed enough to say which ones should exactly. But I think it makes sense most of these programs should be defined, ran, and managed by the state in the method they deem appropriate. (also rendering more taxation planning on the state level, instead of the federal level)
#3140
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Assuming they can afford to, why should the "richest people in America" pay "a large amount on [sic] taxes?"
But I'm an immigrant, and so are my parents. I've seen my parents rise, fall, and rise again throughout their stay in America. And my father has instilled that America is a great country, it has provided my family with all of its blessed opportunities. It would be immoral, and selfish to not repay her back; and continue the growth for future generations. In essence, if you make a lot of money, you should give more of it back. America made you, and lets you stay here. Oil the machine that continues to make new families more successful every year.
Define "investors" and "investing" as you are using it. Also, how do you define a "mild investment tax rate?"
Meaning the max of ~24% on LTCG (from 15%) and ~43% on dividends and STCG (from 15% and 35%, respectively)?
More taxation than is currently in place? More than is currently scheduled to go in to effect? Or just "more" in general?
Why?
Actually, I haven't been too aware for the most part. Most of my political debates have been bouts with the others arguing in regards to misinformation based on the presidential candidates. Thus, effectively distracting me from realizing that Ron Paul has already effectively passed the bill in July, 25th 2012. And already there is public information regarding the Fed. What I have skimmed over (not fact checked, to ensure credibility) is that there have given trillions on trillions to major US corporations. Take this with a grain of salt. I'll have to thoroughly read through the articles on this subject in order to be best informed.
On the matter as per why? The Federal Reserve, has as you well know, printed massive amounts of money and diluted the value of our own dollar. Simply to be able to give money to companies and the government when it is needed. It even goes as far as to print money to give to foreign countries. When there is an influx of money being physically placed into circulation without it's value going up proportionally, it cripples world economies that bank/invest in the US dollar. And the Fed has had an unjustifiable level of confidentiality in it's dealings in the past. Seems fitting to audit them to know exactly where our money is going. And to prevent any reckless printing.
Clearly, I'll be the first to state this isn't my forte. I'm still young, still learning. Very prone to errors, and although I like to claim I practice fact checking and avoid blindly supporting him or her or sputtering out political rhetoric. I know I do it. My entire educational ideology is based on making mistakes. I don't truly learn something until I make a mistake, and get called on it.
I look forward to the educational benefits of this thread. Thanks again
Last edited by Braineack; 10-08-2019 at 09:48 AM.