posted on January 8, 2012 06:28:16 AM new
OOOP's missed it. I suppose they explained how Obama and the Dems have ruined the country but they can make things all better.
posted on January 8, 2012 12:15:46 PM new
I missed it because I don't understand why the candidates agree to these waste of time debates when everyone knows going in that they are merely set ups for gotcha questions. There has to be a better format than the garbage the liberal news is shoving in our faces.
I don't think they have to explain how Obama and the Dems have ruined the country most people can see it when they drive by where they use to work , live , or eat on the way to the food stamp office.
[ edited by toolhound on Jan 8, 2012 12:16 PM ]
posted on January 8, 2012 04:15:18 PM new
Main street diners and stores can tell you they have not seen their retiree customers ,how can they splurge on 0.01% interest on their savings?
*
posted on January 13, 2012 07:49:55 AM new
Here is all the History I need to know.
U.S. Debt Nears $15.194 Trillion.
6 years and counting of democrat majority. And to think Americans may even consider another 4 years of this is just insanity.
posted on January 13, 2012 10:47:03 AM new
1.2 trillion has been added to the debt from the wars. The problem is Bush added 51 billion a month and now Oboma is adding 129 billion a month to the debt. This has to stop.
[ edited by toolhound on Jan 13, 2012 10:47 AM ]
posted on January 13, 2012 11:48:08 AM new
i need to remind toolhound he said perry would be out by halloween ,and another said he would be out by thanksgiving,...well he may have goofed up but he is still in boys..
he is just burning through what is left of his money,then he will be gone...
i will say he stands about as much chance as Huntsman though...
posted on January 13, 2012 12:08:54 PM new
Perry was out by the beginning of November. His poll numbers are indicative of his political knowledge which represents Texas quite well. Really... the last two Texan governors is a perfect snapshot of politics in Texas.
Toolhound - I noticed you failed to include the 7662 Americans who have died and over 50,000 Americans injured during the two wars that actually cost us 1.38 Trillion + all of the interest to be paid on future payments that the Bush Administration didn't bother to pay for. Those are very heavy costs to pay for a family feud between Texas and Iraq.
You simply cannot pretend this is a Democratic problem and not face reality that this is a two party problem with Corporate control and influence over our representation.
posted on January 13, 2012 12:17:45 PM new
toolhound - how do most people start a business or buy a house? last i checked, it is done by going in debt. The two major countries that have avoided debt: Canada and Germany. Easily two countries that have heavy regulations on trade, commerce, and labor.
posted on January 13, 2012 04:10:22 PM new
aqmay, I never said Perry would be out by Halloween or any other time fact is I thought he would do better than he has.
There is nothing the matter with borrowing money to start a business or buy a house. You need a good business plan to borrow money to start that business. Also you need a good job to borrow money for a house.
Come on Shag it is not all George Bush's fault or Oboma's . It is the fault of many politicians for many years.
Someone needs a plan to help this country out of this hole it is in and the present administration is doing nothing.
posted on January 13, 2012 05:07:10 PM new
WELL... i am ready to collect on that bet,here is the posting sorry toolhound ,it was alldings.
Rick will be out of the race before t-day.
aqmay
posted on August 22, 2011 03:57:06 PM edit
--------------------------------------------------------------------------------
I will take that bet on rick being out by ,(WHAT IS T- DAY),please define,..
give me a day ,.... how bout 10.00 ,you can deposit to my paypal, or i to yours ,my feedback is 100%.
charles
alldings
posted on August 22, 2011 04:40:45 PM
--------------------------------------------------------------------------------
T-day is Thanksgiving. Just give the 10 to a local charity.
posted on January 14, 2012 03:34:59 AM new
I knew I had not said that.
Here is something I found on a friends facebook page that really fits what is happening in this country.
These are possibly the 5 best sentences you'll ever read and all applicable to the experiment of "Spreading the wealth"
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
posted on January 14, 2012 10:22:12 AM new
toolhound - Using Bumper sticker sentences really don't cut it and you know it.
Ironically, you took the lazy way in making a point... using quotes from Ed Will instead of working for your own. You did exactly what you accuse others of doing. You didn't work to create that, instead you took it from someone else.
Your comments also make assumptions of the absolute when you know full well that is not the case. You know that the wealthy in this country have used an infrastructure created by All Americans to create their wealth. They did not do it on their own like they want you to believe. The middle class created this infrastructure and their wealth was the direct result of its use. It should be taxed appropriately.
Additionally, I would say that the tax laws in this country are heavily skewed to the wealthy who often do not make their money through income taxes including paying into Social Security. The wealthy avoid these taxes very easily. Why do you think CEOs take $1 in salary and the rest in stock options? They don't want to pay the income tax, they don't want to pay into Social Security. How much did Bill Gates pay toward FICA each year? 6.8 cents. He took long term capital gains on only his withdrawals, not his wealth. If he earned $100 million in stock options from Microsoft, but only withdrew $100K, he was taxed 15% LT Capital Gains on $100K. He paid $15,000.07 in taxes before he started deductions even though he received $100 million that year from stock options. Now take his programmer earning $100,000 who is paying 28% tax on his income + 6.8% into Social Security. This guy is paying $6800 into Social Security and $28,000 into income tax.
Why should the programmer pay $34,800 toward taxes to pay for that infrastructure and Bill Gates pay only $15,000.07?
How does your bumper stick slogans apply in this REAL WORLD scenario???
[ edited by shagmidmod on Jan 14, 2012 06:14 PM ]
[ edited by shagmidmod on Jan 14, 2012 06:15 PM ]
posted on January 14, 2012 10:43:59 AM new
This is how great wealth is created,ask Warren Buffet,LoNG TERM CAPITAL GAINS.
But it is easier said than done,how many of us are patient enough to sit on our hands and watch the roller coaster stock market takes our stocks up and down?
In the mean time while you sit on your hands and not cashing in your gains,where do you get income to buy grocery and fill your gas tank?
Like my professor friend who teaches graduate school finance said once,if you look back and trace how you begin accumulating wealth,it always start with your paycheck,yiddish by yiddish,you save a little and invest,and in 10-20 years,it turns into an impressive sum.
For those who do start out with putting away a small sum from their paycheck,they can tell you how many times they walk by Starbuck and decide not to have that latte or Bestbuy and not buy that latest gadget,or that mini vacation to Cancun or Jamaica!
posted on January 14, 2012 11:07:40 AM new
hwa - I couldn't agree more, however the discussion that toolhound was making is that the poor and middle class sponge off the wealthy, and my point is that the wealthy don't pay the same tax rates.
I don't have a problem with people earning millions, or trillions for that matter. However, I do think that they should be paying the same rate on income as the rest of us. Withdrawing cash from stock options should be taxed at least at the same rate as someone working for their earnings. Additionally, much of their wealth is made by using the infrastructure that middle income Americans pay for. Microsoft, Coca Cola, and General Electric use the roads and highways much more heavily to distribute their products than the middle class family does. These corporations get to write off EVERYTHING. If Coke pays $100K for an antique desk for an Executive, they get to write it off. That is money taken away from Americans. I am not saying Coke can't go out and spend $100K on a desk. I'm saying they shouldn't be able to offset the cost of this desk on the backs of American tax payers.
This idea that ALL lower income people aren't pulling their weight is a joke. I guarantee you that there are hundreds of trillions of dollars lost through corporate loopholes and tax breaks for the wealthy which far exceeds the amount of money the little guy is as toolhound suggests, "taking" from the wealthy.
posted on January 14, 2012 11:36:21 AM new
Shag,
if you make a million and your tax rate is 10%,it comes to 100,000,right?
if I make 10,000,my tax is 10% and it comes to 1000 dollars,right?
So you are paying 90,000 more than I pay,and more,are you using the infrastructure more than me?
No,if you are sick,you go to see a doctor of your choice,you are not waiting in line at a free clinic or hospital ER.
You are more likely to enjoy your work and work harder and hire someone to clean your house and do the yardwork and eat out more,so you can spend more time doing what you do best and lets hope you are also a generous tipper !
This squabbles about who pays more and who is being screwed reminds me of Communist China back in the 60s-80s,people under the communist regime is so unproductive,little is produced,it is not a joke where you hear you can have any color you want as long as it is grey.
People go shopping with ration tickets,8 ounces of meat per month and 1/2 yard of cotton per year per person.
If some one sashay down the street in a red dress,everyone is envious,if someone has a whole hard boiled egg for lunch or dinner,people are envious,many have never seen a whole cooked chicken,may be in the restaurant,but not in an average household.
When the cultural revolution unfolded,people are encouraged to turn each other in and many do not hesitate to turn their neighbors or acquaintance in for such crimes as sashaying down the street in a red ress,eat a whole hard boiled egg,or invited to a banquet where a whole chicken is served or dare to brag about how well they are doing.
My grandma at the age of 80 years old received care packages from my father every 10 days ,neighbors are so jealous they unan imously elected her to be the garbage colector who gets up at 5 am in the morning pushing the dumpster down the street so everyone can hand her their garbage!!!!!
posted on January 14, 2012 11:38:48 AM new
Private equity funds report their profit as capital gains,but how many of us are running a private equity fund?
the folks who occupy wall street should really occupy central bank,where do you think all that money come from?
*
posted on January 14, 2012 06:13:57 PM new
hwa - so, you think that both should pay the same? in the real world, the wealthier person pays less, both in percentage and in actual dollars. how is that right?
the guy earning $100K in salary is paying $34,800 in taxes each year. that is 28% income tax + $6800 social security.
the CEO making $5 million in stock options and taking $1 in salary, but withdrawing $100,000 in Capital Gains is only paying $15,000.07 in taxes per year.
That means the guy earning $100,000 is paying $19,799.93 MORE than the CEO.
Additionally, the $1 CEO salary means he is paying less than 7 cents a year toward social security each year.
posted on January 14, 2012 06:24:38 PM new
hwa - regarding infrastructure. The difference is that the person who is making millions off the work of a corporation is earning that money because of the infrastructure in place. Companies like Apple, Wal Mart, etc all use the roads much more heavily to get their products to market. They put greater strain using large trucks on the road, they create more pollution, they require greater emergency response to their locations whether it be fire, police, etc. If your house burned down, how many fire trucks show up? How many fire trucks show up when it is a Microsoft building on fire? See my point. They utilize the same infrastructure as we do, but have greater strain on the system. These huge corporations shouldn't be getting the free ride they are getting at all. Why are we subsidizing the oil industry? Why is it Republicans want less government regulation over business, but expects to socialize losses so that the taxpayer bails them out? I guarantee you there is a hundred times more money being thrown away through corporate welfare and tax loopholes for the wealthy than there is being wasted on losers who don't want to work. Either way, I say cut them off.
posted on January 14, 2012 06:55:07 PM new
%tage means nothing,you cant eat or take %tage to the banks!
10% of 10,000 is 1000 ,10% of a million is 100,000.
Modern Infrastructure is more for commerce than personal joyride or taking your kids to a baseball game or your annual vacation to Yellow Stone Park.
Do you really think your tax dollar is keeping the roads and highway humming?
You sound like those Chinese who accused of someone sashaying down the street in a red dress as red dye is rare or eating a whole hard boiled egg without sharing with someone!
As to the corporate Ceo taking one dollar salary,it is their business,they can have the stock option and some could turn worthless like AIG,like Lehman,like many Detroit auto suppliers.
I dont spend my time critcising what others make,if they are making more,there must be a reason why,I focus on how much I make,am I paying my bills,do I have enough to retire.
Can I do better?This is a good country,we can sit home and no one knocks on our door at night and take us away,there is plenty of food in the supermarket,streets are well lit and prices are fair,thats good enough for me,dont forget the saying-In the long run,we will all be dead !
*
posted on January 14, 2012 07:19:51 PM new
Look no further than the internet,years ago we are all given a chance to strut our stuff,be a good e-tailer,sell more,make more and expand,some quitted their full time job and sell on Ebay full time,some write books and claim to have retired.
Where are these people now?
Did any of us move on to become the next Sam Walton,Neiman Marcus,Harry Winston?No,we are still where we are like we first start out in the 90s,toiling on ebay ,selling one item at a time!
I read about how some ceos retire and reap millions in stock options,more power to them,we sure all try to make millions,but how many succeed/
Oh,how about being a successful entrepreneur and start a business and sell it to the big boy,like Paypal,like Netflix ,like Facebook?
We cant use excuse like we dont have the money,Ebay was started in someone's bedroom,we cant say we dont know how to use the internet or code HTML,there are plenty of chances for us to learn.
We all have a chance to succeed in a brave new industry !
posted on January 14, 2012 07:25:39 PM new
As to Perry running for president,some of you need to be more politically astute.
Romney is pro business and many businessmen are backing him,so why have Perry ?
Could it be some businesses will not be favored if Romney is elected,it cant be just the Texan ego,throwing money behind a Texan governor.
If you notice,Perry came out of nowhere,all of a sudden this guy has an urge to become the next president,he even cant recall which govt agency he is going to abolish,those who back Perry is sure not backing Ron Paul and Ron is also a fellow Texan .
*
posted on January 15, 2012 05:50:11 AM new
agmay,
Perry doesn't stand a snowballs chance in hell of being elected, so to my way of thinking he was finished in Nov.
Willing to pay my debt and get you on a winning team will send 10 bucks help relect Obama!
posted on January 15, 2012 07:21:05 AM new
agmay,
Just a bit of humor for you I have the 10 waiting need your account addy for payment I can be reached at [email protected].
