UncleBuck
Well-Known Member
kynes is a big fan of keeping (certain) things pure.
Thank you tea party patriots!
- Thread starter Dan Kone
- Start date
Dan Kone
Well-Known Member
For all practical purposes, you're just another republican weather you choose to admit it or not.
Dan Kone
Well-Known Member
Regulation isn't a dirty word. Lack of regulation just collapsed the economy and you're still pretending regulation is a dirty word. Keep up the good work. You're fooling no one, only marginalizing your own view point.
No no. YOUR generation voted for a president who put two wars on a credit card and collapsed the economy. That's on you.
Dan Kone
Well-Known Member
Thinking McCain is a liberal just shows how ridiculous you are. Keep up the good work. Your insanity is the reason liberalism will dominate for a generation.
echelon1k1
New Member
Hypocrite much? You sure do love this two party bullshit, while claiming all those that don't mouthshart* your views is insane... Too much confidence
UncleBuck
Well-Known Member
why are you always so angry?Hypocrite much? You sure do love this two party bullshit, while claiming all those that don't mouthshart* your views is insane... Too much confidence
Canna Sylvan
Well-Known Member
I actually agree with a lot he says. But his anger makes him fun to troll. It's his SES convict ancestry.
echelon1k1
New Member
cannabineer
Ursus marijanus
I wonder if perhaps it was the other way around. When the economy was a lot stronger, the tax rates were that high ...
There's a lot more to it than the high marginal rate, in fact, very few people paid that rate, write offs were much more liberal back then.
Our economy was stronger then because a higher percentage of working Americans actually paid federal income taxes, today only half of us do!
Nutes and Nugs
Well-Known Member
I just busted Buck for making this same claim about tax rates. Marginal tax rates are irrelevant. If you look at effective tax rates, they haven't changed very much, even with huge changes to the marginal rates.
Basically, when the top marginal rate was 90%, rich people hired accountants and lawyers to find loopholes in the tax code that would allow them to avoid paying the taxes. They were exceedingly successful, to the point that you could be in the top 1%, have a huge income, and pay zero tax. The IRS inevitably plugs the holes, but the vast majority of people get away with using them, and the revenue is lost. The IRS plugs, accountants/lawyers find new strategies, the IRS plugs, repeat step 2, and so on, until time ends. That's the way it will always be, and the higher the tax rate is--the more money potentially involved--the more rich people will be willing to spend to avoid paying the statutory rates.
Dr Kynes
Well-Known Member
theres already not enough taxpayers.
and the write offs for business are expenses (including payroll, facilities, fuel, etc, which we mere mortals cannot deduct) and losses due to bad investments (which we mere mortals cannot deduct either) and of course the deliberate tax shelters and depreciation of assets (even if the asset has not depreciated in any way except on paper)
Dr Kynes
Well-Known Member
wait! are you suggesting rich people are unwilling to "Do Their Fair Share" and meekly shuffle off to the poor house because Barrack The Unready wants them to pay confiscatory taxes?
THOSE BASTARDS!!!
Rob Roy
Well-Known Member
Still arguing over "left" and right" eh?
Your view is limited to your ability to comprehend. Thus you are blind.
Rob Roy
Well-Known Member
Almost. You didn't opt out. You are still "in", because you are still assuming the present paradigm is the ONLY option there will ever be. You assume there will always be a totalitarian form of governance and by being an "independent voter" you are just a different vegetable in the primordial stew. Jump out of the stew pot, get onto the plate and be a piece of meat.
Canna Sylvan
Well-Known Member
As a vegan, I'm not a piece of meat, I'm a free spirit!
Dr Kynes
Well-Known Member
Believe me; BET and MTV
Are gonna grieve when we leave dog, fo' sheezy
Can't leave rap alone, the game needs me
'til we grow beards, get weird and disappear
Into the mountains - nothin but clowns down here
But we, ain't fuckin around round here
Yo Dre (whattup?) Can I get a "hell yeah"? (HELL YEAH!)
~Mathers, Dre Et Al (2002)
You're substantially oversimplifying if you think the repeal of Glass-Stegall was the cause of the financial crisis. AIG, Fannie Mac, Freddie Mae, Bear Stearns, Lehman Brothers, Merrill Lynch, and dozens of other players weren't commercial banks, so the repeal of the law was irrelevant to them--it had no impact whatsoever on their ability to take the actions they did. The banks that were impacted weren't just securitizing mortgages and shoving them off their balance sheets. Washington Mutual and Wachovia were brought down by their subprime losses because they had huge mortgage portfolios; and Citigroup and Bank of America nearly went under for exactly the same reason (Bank of America had purchased Countrywide, responsible for 20% of the mortgage underwriting in the United States at the time).
How would Glass-Stegall have prevented the financial crisis? The investment bankers wouldn't have been impacted; same for AIG; same for the GSEs; and the banks would have been free to amass their huge mortgage portfolios as well.
For the record, I blame everyone. The financial crisis was the result of national greed: greedy bankers, greedy politicians, greedy Americans making bad decisions. Everyone was guilty.
A moderate recognizes that there is no universal political or economic philosophy that humans can agree to follow. The extremes, such as Marxism and libertarianism, reflect the preferences of relatively small groups, and that's why they are objectionable and impractical.
The political groups rewrite history to meet their own narrative needs. They intentionally misspeak in order to mislead people sympathetic with their ideologies. Politicians play party politics to obtain power because pandering to political extremes is a much easier route to office than creating political coalitions.
You're giving FDR the credit when you should be giving it to World War II. Likewise, the prosperity the United States experienced in the postwar period had a lot more to do with the destruction of most of the world's industrial capacity than it did with policy prescriptions: if all the competition has been destroyed there is no choice except to buy your goods.