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Thread: Stocks drop again after failing to rebound from Monday's plunge

  1. #106 | Top
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    Quote Originally Posted by Casual Leftist View Post
    No, I wouldn't say the same. Given the multi-trillion dollar war spending the rich have had enough tax cuts these decades. I agree with the general progressive income tax model. The brackets are debatable as always.
    So I was correct in my suspicions.

    Quote Originally Posted by Casual Leftist View Post
    "In fact, more than 60% of the tax savings went to people in the top 20% of the income ladder, according to the nonpartisan Tax Policy Center" https://www.npr.org/2019/12/20/78954...-gops-promises Accurate if you ask me.
    I didn't ask you, and that assessment is questionable at best, IMO. Since a tax cut logically affects those who pay the taxes, it seems that any sense of disproportionate benefits is largely moot.


    Quote Originally Posted by Casual Leftist View Post
    But it doesn't just effect DEMOCRAT states, there are rich conservatives in CA. There are rich and middle class people in other states too. But the way you frame it is it most money would be coming from CA and NY - but TX exists too. It's acceptable losses I suppose.

    Texas doesn't impose a state income tax, and it's gaining population while California's is decreasing. California has lost more people to other states than it has gained for much of the last two decades, census figures show. I wonder if the difference in SALT taxes is a factor. Don't you?


    Quote Originally Posted by Casual Leftist View Post
    Well that makes sense. CA has the biggest pop so it gets the most funding - but I did point out that CA gives more than it gets in terms of the federal budget.
    Are you aware that the Census count includes all "resident persons", and not just US citizens? Individuals without a valid Social Security number or Individual Taxpayer Identification Number are not assessed a share of FICA taxes in many cases, for obvious reasons. Want to guess how many illegal aliens file a 1040NR tax form?





    Quote Originally Posted by Casual Leftist View Post
    Yes but when JFK said that he also meant that it included black people. Just like Bobby, just like MLK and Malcolm X - he had to go... Speaking of random Presidents, you know who in some respects was a progressive? Eisenhower and TR.
    Are you seriously suggesting that JFK was assassinated because he espoused economic benefits for African-Americans?

    I think we're done here/

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    Quote Originally Posted by Nordberg View Post
    A huge country with 330 million people requires a lot of money to run. Who likes to pay taxes? I suppose the real problem is we don't think we get what we pay for. if we taxed the wealthy and corporations fairly, we would fix and develop a better infrastructure.. Even rightys can see it is falling apart. We could have universal healthcare. Our system is poor and millions have no access at all.
    The income gap is obscene. It is proof of our values. we are not very nice people.
    I am amused that you believe we have a revenue problem. Why is that?

    I am equally amused that you think corporations pay taxes. They are tax COLLECTORS. ALL their costs are passed onto their consumers. Next time you hear some dumb leftist Democrat bloviating about raising corporate taxes, he's raising YOURS. Thank them.

    God liberals are the most naive dumbasses on the planet.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
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    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Nerdberg View Post
    A huge country with 330 million people requires a lot of money to run. Who likes to pay taxes? I suppose the real problem is we don't think we get what we pay for. if we taxed the wealthy and corporations fairly, we would fix and develop a better infrastructure.. Even rightys can see it is falling apart. We could have universal healthcare. Our system is poor and millions have no access at all.
    The income gap is obscene. It is proof of our values. we are not very nice people.
    Your argument would be more impressive if you had any examples of the DEMOCRAT billionaires who run huge multinational corporations voluntarily contributing non-deductible donations to the US Treasury. Since you don't, I'm not impressed.

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    Quote Originally Posted by Truth Detector View Post
    I am amused that you believe we have a revenue problem. Why is that? I am equally amused that you think corporations pay taxes. They are tax COLLECTORS. ALL their costs are passed onto their consumers. Next time you hear some dumb leftist Democrat bloviating about raising corporate taxes, he's raising YOURS. Thank them.

    God liberals are the most naive dumbasses on the planet.
    Nerdberg appears to believe that businesses don't pass along costs to consumers.

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    Quote Originally Posted by Legion View Post
    Nerdberg appears to believe that businesses don't pass along costs to consumers.
    Poor Nerdberg; stuck on moron.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

  6. #111 | Top
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    Quote Originally Posted by Legion View Post
    So I was correct in my suspicions.
    Suspicious implies I'm hiding something.

    I didn't ask you, and that assessment is questionable at best, IMO. Since a tax cut logically affects those who pay the taxes, it seems that any sense of disproportionate benefits is largely moot.
    But it's not wrong to say most of the benefit went to the rich. The rich benefited most. They may be the top 20% of the bracket, but that's still a smaller numbered compared to lower levels of the economic pyramid.

    Texas doesn't impose a state income tax, and it's gaining population while California's is decreasing. California has lost more people to other states than it has gained for much of the last two decades, census figures show. I wonder if the difference in SALT taxes is a factor. Don't you?
    It could, I wouldn't know.

    Are you aware that the Census count includes all "resident persons", and not just US citizens? Individuals without a valid Social Security number or Individual Taxpayer Identification Number are not assessed a share of FICA taxes in many cases, for obvious reasons. Want to guess how many illegal aliens file a 1040NR tax form?
    No, please tell me.

    Are you seriously suggesting that JFK was assassinated because he espoused economic benefits for African-Americans?
    Not as the sole reason, no. JFK's policy made a lot of enemies. My point was that when Kennedy said those things, unlike conservatives of today who talk about doing whats best for the country and not being racist, he actually meant for all people - and in the 1960's trying to include black people into the national discussion was a radial thing and often fatal. We know the America in MAGA does not boad well for non whites. It's not an America with them in mind.

    I think we're done here/
    Ok then, that was always allowed.

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    Quote Originally Posted by AProudLefty View Post
    Economy crashes and he gets more houses? How does it work?
    Because the socialists at the top always still have money. You should learn some history.
    Keep changing the names. It doesn't change the meaning.



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    Quote Originally Posted by Irish View Post
    Because the socialists at the top always still have money. You should learn some history.
    And history tells us that we will have a violent overthrow of the government.

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    Quote Originally Posted by Casual Leftist View Post
    There would still be markets, with reasonable regulation like we already have. And I wouldn't brag about great economic booms when it comes with economic busts. It's a cycle called boom and bust - and you know who benefits most from that system? The rich who can buy up the broken pieces after a market crash. Also, entrepreneurship isn't the only source of invention and innovation. Universities and government scientists and engineers produce new things as well. Radar and the internet are easy examples.



    They are a capitalist nation with a strong social welfare system. They have regulated markets and high taxes. Bernie doesn't oppose this system. The part about healthcare is true, and there are reasons for that. I think he owns the moniker "socialist" because Americans can't tell the difference anyways, so he turns a dirty word into a badge of honor. But he really is more akin to a New Deal populist than a "workers should own the means of production" type.
    Then why doesn't he call himself a new deal progressive? He prefers socialist because that's what he is. He also really values past and present communist regimes. The man is a dedicated Marxist. He tries to sure it up a bit at times, but it is who is he. He believes the workers of the world should unite.

    Yes some public funded projects have invented things, but where do govts in the west get their money? From the private sector. If you nationalize everything you end up killing the economic engine needed to fund everything. It's why China had to go to free markets and free trade.
    Keep changing the names. It doesn't change the meaning.



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    Quote Originally Posted by Irish View Post
    Then why doesn't he call himself a new deal progressive?
    I can't answer that for sure - but it doesn't roll off the quite tongue. And even in FDR's time they called his polices socialist. Like I mentioned, I think its possible he's just owning it. He's been politically consistent for decades though.

    He prefers socialist because that's what he is. He also really values past and present communist regimes. The man is a dedicated Marxist. He tries to sure it up a bit at times, but it is who is he. He believes the workers of the world should unite
    Do you think having the ability to see the good in bad things is 'bad'? If I said Castro raised literacy rates and that's good - does that mean I have to agree that jailing and executing political dissents is acceptable behavior? No, we should be able to acknowledge the good and bad of regimes and policy.

    You want to know something about the morality of many dictatorships that oppose the US? They get a lot of their legitimacy from the narrative of opposing US overthrow. A home grown dictatorship is more legitimate than a dictatorship proped up by foreigners.

    Yes some public funded projects have invented things, but where do govts in the west get their money? From the private sector. If you nationalize everything you end up killing the economic engine needed to fund everything. It's why China had to go to free markets and free trade.
    No one, not even Bernie is calling for "everything" to be nationalized. He supports Unions which are by their nature democratic and local. And that's a fair point about China, but the US is on the other side of the scale if we consider Europe to be a midpoint of economic policy. We need to catch up to Europe from the right. We don't need to "deregulate" the excesses of capitalism they should be regulated.

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    Quote Originally Posted by Liar View Post
    Your argument would be more impressive if you had any examples of the DEMOCRAT billionaires who run huge multinational corporations voluntarily contributing non-deductible donations to the US Treasury. Since you don't, I'm not impressed.
    That is not how it works. Their personal contributions would not solve the problem. A tax on all billionaires is needed. That is a very poor argument and deflection as you normally do. A fair tax system that will support needed programs including infrastructure is not addressed with your silly response.

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    Quote Originally Posted by Casual Leftist View Post
    I can't answer that for sure - but it doesn't roll off the quite tongue. And even in FDR's time they called his polices socialist. Like I mentioned, I think its possible he's just owning it. He's been politically consistent for decades though.



    Do you think having the ability to see the good in bad things is 'bad'? If I said Castro raised literacy rates and that's good - does that mean I have to agree that jailing and executing political dissents is acceptable behavior? No, we should be able to acknowledge the good and bad of regimes and policy.

    You want to know something about the morality of many dictatorships that oppose the US? They get a lot of their legitimacy from the narrative of opposing US overthrow. A home grown dictatorship is more legitimate than a dictatorship proped up by foreigners.



    No one, not even Bernie is calling for "everything" to be nationalized. He supports Unions which are by their nature democratic and local. And that's a fair point about China, but the US is on the other side of the scale if we consider Europe to be a midpoint of economic policy. We need to catch up to Europe from the right. We don't need to "deregulate" the excesses of capitalism they should be regulated.
    Some good points there. I appreciate your ability to argue and not just scream racist and run, like many on the left do now and days.
    Keep changing the names. It doesn't change the meaning.



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    Quote Originally Posted by Irish View Post
    Some good points there. I appreciate your ability to argue and not just scream racist and run, like many on the left do now and days.
    Well thank you. You've been quite civil as well.

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    Quote Originally Posted by Havana Moon View Post
    You're such a miserable cunt, just fuck off with your Russia bullshit.
    He can't help it. He has severe TDS, and still believes in the MSM made Russia hoax. Dumb people are easy to trick.
    Keep changing the names. It doesn't change the meaning.



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