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Thread: Time to tax the wealthy big time.

  1. #346 | Top
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    Quote Originally Posted by jbander View Post
    What a hoot, they can issue debt and buy it themselves with printed money and not owe bond holders anything.
    Nope. That's just printing money. The so-called debt is void.
    When a bond is issued, it is to someone willing to buy it and take on loaning the government money. They expect to be paid back, with interest, for taking that risk.
    Quote Originally Posted by jbander View Post
    Your little home spun expertise on the economy is cute but not very informed.
    Inversion fallacy.
    Quote Originally Posted by jbander View Post
    Or they can literally cause inflation to lower the Debt value.
    Which is what they are doing. They are printing money faster than wealth being created, and paying off their loans with money that is worth less than it was before. It is theft.
    Quote Originally Posted by jbander View Post
    Out in the rest of the world There is a line ten miles long that want The dollar and American dept, its the trading currency of the whole world and there is darn near a bottomless demand for dollars
    WRONG. I is NOT a bottomless demand by any means.

    There comes a point where people are not going to buy bonds anymore, because they only get paid back with funny money. The result is a debt crash. We've had them before.

    There comes a point where the money being printed is simply not worth anything significant anymore. This is called a cash crash. This has already happened to Mexico, Brazil, Germany, Greece, Italy, and many other countries. It can happen to the federal government too.

    The only other way for a government to raise money is to tax for it. There comes a time when people revolt against the taxes. That HAS happened in this country, the UK, France, etc. This is called a tax crash.

    The federal government is broke. We are headed for cash crash. People are already looking around for another currency.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
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  2. #347 | Top
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    Quote Originally Posted by jbander View Post
    actually it is even worst then that

    Attachment 19908


    IF you are at all concerned by the economy you would be straight out stupid to vote for a republican president. That chart is devastating and that's nothing add in Obama's massive massive numbers like 178% increase in the stock markets and that makes republicans look like a total waste , which they are of course, Ugly, hateful ,bigoted,cruel and the worst possible choice for Business in this country.
    You are describing Democrats. The stock market is not the economy.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
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  3. #348 | Top
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    Quote Originally Posted by jbander View Post
    what a idiot. Ya you bet someone is going to show you their taxes.
    Then you have no reason to expect that Trump will show you HIS taxes. Since you assume that someone that doesn't show you their taxes is automatically guilty of something, I will turn the tables on YOU. You must be guilty of something, since you do not want to show me your taxes.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
    "Evs are much safer from fires" -- Nordberg
    "Abortion has killed no one." -- LurchAddams

  4. #349 | Top
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    Quote Originally Posted by jbander View Post
    Now why would I post that if it wasn't true
    Because you like to make shit up.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
    "Evs are much safer from fires" -- Nordberg
    "Abortion has killed no one." -- LurchAddams

  5. #350 | Top
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    Quote Originally Posted by jbander View Post
    In fact 1/10 of 1% own over 50 % of the value of the market.
    You are making shit up again. Argument from randU fallacy.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
    "Evs are much safer from fires" -- Nordberg
    "Abortion has killed no one." -- LurchAddams

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    Quote Originally Posted by jbander View Post
    divide that number by about 10 . taking out the amount that the top 10% own and the average for the rest of the 55 year olds is about $17,000 actually my guess would be half of the $17,000
    Argument from randU fallacies. I bet you believe all the magick numbers in Numerology too.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
    "Evs are much safer from fires" -- Nordberg
    "Abortion has killed no one." -- LurchAddams

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    Quote Originally Posted by LV426 View Post
    No you haven't.

    What you've done is the lazy alternative...you haven't identified any programs, you just want a general, arbitrary % cut overall.

    That's because you're too fucking lazy to actually look at the budget items yourself, and too fucking lazy to think about the implications of a general % cut across spending.

    And you also don't articulate how you're even making up for the spending you're cutting, cuz ya gotta do that so you aren't responsible for contracting the economy.
    I never suggested an arbitrary percent overall---more deception on your part.

    However if we cut everything (not by the same percentage) it would include all governmental programs. You are stupid to want me to list every program when everything includes them all.

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    Quote Originally Posted by LV426 View Post
    Government spending produces things of value that the country uses, like infrastructure, health care, and education.
    Like the border wall?

    It is of value if the spending actually produces it. When the military wants to close down obsolete bases and we keep them open that is not "investing" in defense. When doctors, dentists, and other providers scam Medicare charging for care never delivered that is not "investing" in healthcare. If we give education grants to students who never attend class or make any progress that is not an "investment" in education. It is wasteful spending or fraud that people should not be taxed to pay for.

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    Quote Originally Posted by Into the Night View Post
    I don't believe you. If you can't support yourself with a business you've been in for 45 years, you are NOT successful.
    Ah what!

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    Quote Originally Posted by Into the Night View Post
    Nope. That's just printing money. The so-called debt is void.
    When a bond is issued, it is to someone willing to buy it and take on loaning the government money. They expect to be paid back, with interest, for taking that risk.

    Inversion fallacy.

    Which is what they are doing. They are printing money faster than wealth being created, and paying off their loans with money that is worth less than it was before. It is theft.

    WRONG. I is NOT a bottomless demand by any means.

    There comes a point where people are not going to buy bonds anymore, because they only get paid back with funny money. The result is a debt crash. We've had them before.

    There comes a point where the money being printed is simply not worth anything significant anymore. This is called a cash crash. This has already happened to Mexico, Brazil, Germany, Greece, Italy, and many other countries. It can happen to the federal government too.

    The only other way for a government to raise money is to tax for it. There comes a time when people revolt against the taxes. That HAS happened in this country, the UK, France, etc. This is called a tax crash.

    The federal government is broke. We are headed for cash crash. People are already looking around for another currency.
    what a hoot.

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    Quote Originally Posted by Into the Night View Post
    Then you have no reason to expect that Trump will show you HIS taxes. Since you assume that someone that doesn't show you their taxes is automatically guilty of something, I will turn the tables on YOU. You must be guilty of something, since you do not want to show me your taxes.
    This is great.what a mind.

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    Quote Originally Posted by Into the Night View Post
    Argument from randU fallacies. I bet you believe all the magick numbers in Numerology too.
    Ace I know you are trying your best,You wore me out, you win , you bored me to such depths that I just had to dump you and God just when you were starting a roll with the comments.

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    Thanks for all the posts everyone, but to keep it going I need to respond and there is nothing to respond to so , you are more then welcome to stay but I'm Moving on. Again thanks.

  14. #359 | Top
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    Quote Originally Posted by jbander View Post
    Ah what!
    I don't believe you. If you can't support yourself with a business you've been in for 45 years, you are NOT successful. I don't think you even own a business.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
    "Evs are much safer from fires" -- Nordberg
    "Abortion has killed no one." -- LurchAddams

  15. #360 | Top
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    Quote Originally Posted by Flash View Post
    Like the border wall?

    It is of value if the spending actually produces it. When the military wants to close down obsolete bases and we keep them open that is not "investing" in defense. When doctors, dentists, and other providers scam Medicare charging for care never delivered that is not "investing" in healthcare. If we give education grants to students who never attend class or make any progress that is not an "investment" in education. It is wasteful spending or fraud that people should not be taxed to pay for.
    Government does not produce the border wall, though it spends money on it.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
    "Evs are much safer from fires" -- Nordberg
    "Abortion has killed no one." -- LurchAddams

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