@skwira001 Love the … @skwira001 Love the entrepreneurial spirit of the republicans headquarters in America, factory overseas. Just got to love’m, they really know how to dilute our workforce on or off US soil. Just so patriotic.
@theHirsuteFrog … @theHirsuteFrog Obviously banks dont know shit. If the government enforces rules that effect your business, you as the president of the company are responsible for dealing with it, they dont hire teams of number crunchers for nothing, that there business. You said it yourself, some acted responsibly others did not.
The bottom line is, … The bottom line is, you seriously need to watch all the videos on You Tube on what Buffett says about taxes. You need to Google who is better for the economy republicans or democrats. You need to also search for income inequality on this site. You’ll see how bad it really is. The recovery will probably be weak because of the enormous debt, but we have to help the bottom 20% not the top 5% because the poor areas are hurting more than the rich.
@theHirsuteFrog … @theHirsuteFrog Warren Buffett offered $1 million to any of the Forbes 400 who can show that their tax rates are lower than their secretary’s or receptionists. If you look at income inequality, it rose big time in the 1920′s right before the depression and rose like crazy with the Bush tax cuts. Also, do an Internet search for who is better for the economy republicans or democrats. You’ll see the democrats lead in every category.
@skwira001 The … @skwira001 The demand for goods is directly related to their price and the price includes corporate taxes. So looking at demand does take into account the corporate tax rate indirectly.
But I’ll bet Buffet looks at corporate tax rates when he is determining where to expand his operations.
Regardless, keep an eye on what is happening right now. I predict that we will not have a recovery from our economic troubles until the current policies of tax and spend are reversed.
But I’m sure it was … But I’m sure it was a totally different philosophy back then. Warren Buffett said when he hires, it’s based on demand and not his corporate tax rate. Also, search for Warren Buffett Tax on this site.
@skwira001 Reagan … @skwira001 Reagan was a supply sider. That means he believed that money in the hands of private indivuduals stimulated the economy, not government spending.
@skwira001 [... you ... @skwira001 [... you can't just keep cutting taxes to 0.] Exactly. But consider this: from the founding of our current government in 1789 to 1861 we did fine without an income tax, and then again from 1895 to 1913. How was that possible?
I’m just saying … I’m just saying that Reagan wanted a stimulus. He wanted the spending early on. I don’t know if he wanted the spending the last 6 years.
@skwira001 Yes, … @skwira001 Yes, easy money was a major cause of inflation.
Reagan should not be “credited” with all the spending. He proposed a balanced budget but Speaker of the House Tip O’Neill pronounced it dead on arrival. Reagan knew that government spending does not promote economic prosperity. Governments don’t have any money of their own to spend, they have to take it out of the economy before they put it back in, supposedly stimulating the economy.
@xXFocusRecord Uhmm … @xXFocusRecord Uhmm… then why did they do what they would not normally do? What prompted them to loan money to people who could not repay? Greed doesn’t explain it because if you loan money to someone who can’t pay you back you lose money, not make money! Banks know that. What distorted the market so that they made so many insane loans?
What killed … What killed inflation was raising interests rates by the federal reserve. I’m not saying Keynesian Economics is followed in its entirety. The idea of more government spending and changing monetary polocy comes from that. Reagan also spent loads of money. Tax rates back then were 70%. He cut it to 50%. Bush only cut it 4%. When you cut taxes 20%, you get a huge multiplier.
@theHirsuteFrog … @theHirsuteFrog Exactly two words”Banks”,” “Responsibly”. Greed and irresponsibility put them on there ass.Do not try to make it sound like the government put them on a collision course for bankruptcy No one on wall street saw this coming???
@skwira001 … @skwira001 Obviously you were never taught the broken window fallacy, and apparently you were miseducated in high school. John Maynard Keynes was a sick puppy. I lived through the 60s and the 70s and the economic malaise brought on by Keynesian economics. Reagan’s policies stopped inflation cold and sparked the greatest economic boom in American history. That should have been the end of Keynes’ sick economic theories. Unfortunately that is not the case.
@xXFocusRecord … @xXFocusRecord Banks usually do not keep the mortgages they originate. They sell them to Freddie Mac and Fannie Mae. Government policy dictated that Freddie Mac and Fannie Mae had to buy a certain percentage of mortages to minorities and low income people. Some bank acted responsibly, but many decided to make the loans, collect their origination fees and sell the bad paper to Fannie Mae and Freddie Mac. They couldn’t pass up the free money.
If Bush first cut … If Bush first cut spending then cut taxes and not mess with the mortgage industry. We would not be in this mess. He should of not nation build at all. Ron Paul for President 2012.
@theHirsuteFrog … @theHirsuteFrog Since when does the Bank have to do what the government encourages. Banks have enough mathematicians and computers to know well the risk involved with there lending, once again BP breaks a crude pipe in the ocean, lets put blame on the government not the business. Huge gains come with huge responsibility, its the business responsibility to have a safety plan, not lie about statistics and move around funds.
No wonder why … No wonder why republicans control the uneducated. Read your basic economic textbook from high school. It shows the tax cut multiplier vs. the spending multiplier to stimulate the economy. Tax cuts have a lower multiplier.
So George Bush … So George Bush lowered taxes and that resulted in the current economic mess? Well, let’s not let history get in the way of a good argument, but I recall that the Bush tax cuts occurred in 2001, the housing bubble burst in 2008. What happened between 2001 and 2008?
O well, at least we know that government policies that encouraged banks to issues mortages to people who could not afford them had nothing to do with the housing bubble.
There is so much … There is so much economic ignorance on display here I don’t know where to start. So instead, let’s just note that the whole argument is based on class envy. It’s okay to plunder the rich because they are rich. They won’t miss it. Apparently the Young Turd doesn’t believe in property rights.
Ok this guy is an … Ok this guy is an idiot capital gains taxes has nothing to do with taxing a business. And SouthernFriedHoney, the money that you save and invest is already taxed.
God bless those who … God bless those who can get their money from capital gains — but Christ almighty, why the tax the living out of people who WORK for their money, and invest in their own business, and operate it.
Why the not just tax it all the same – — let the market decide how you make your money. Not the tax code.
Just tax your income as income, quit this bullshit con artist crap of having no taxes on some kinds of income. that.
Watch more at http://www.theyoungturks.com
June 26th, 2010 at 5:18 am
@skwira001 Love the …
@skwira001 Love the entrepreneurial spirit of the republicans headquarters in America, factory overseas. Just got to love’m, they really know how to dilute our workforce on or off US soil. Just so patriotic.
June 26th, 2010 at 5:18 am
@theHirsuteFrog …
@theHirsuteFrog Obviously banks dont know shit. If the government enforces rules that effect your business, you as the president of the company are responsible for dealing with it, they dont hire teams of number crunchers for nothing, that there business. You said it yourself, some acted responsibly others did not.
June 26th, 2010 at 5:18 am
The bottom line is, …
The bottom line is, you seriously need to watch all the videos on You Tube on what Buffett says about taxes. You need to Google who is better for the economy republicans or democrats. You need to also search for income inequality on this site. You’ll see how bad it really is. The recovery will probably be weak because of the enormous debt, but we have to help the bottom 20% not the top 5% because the poor areas are hurting more than the rich.
June 26th, 2010 at 5:18 am
@theHirsuteFrog …
@theHirsuteFrog Warren Buffett offered $1 million to any of the Forbes 400 who can show that their tax rates are lower than their secretary’s or receptionists. If you look at income inequality, it rose big time in the 1920′s right before the depression and rose like crazy with the Bush tax cuts. Also, do an Internet search for who is better for the economy republicans or democrats. You’ll see the democrats lead in every category.
June 26th, 2010 at 5:18 am
@skwira001 The …
@skwira001 The demand for goods is directly related to their price and the price includes corporate taxes. So looking at demand does take into account the corporate tax rate indirectly.
But I’ll bet Buffet looks at corporate tax rates when he is determining where to expand his operations.
Regardless, keep an eye on what is happening right now. I predict that we will not have a recovery from our economic troubles until the current policies of tax and spend are reversed.
June 26th, 2010 at 5:18 am
But I’m sure it was …
But I’m sure it was a totally different philosophy back then. Warren Buffett said when he hires, it’s based on demand and not his corporate tax rate. Also, search for Warren Buffett Tax on this site.
June 26th, 2010 at 5:18 am
@skwira001 Reagan …
@skwira001 Reagan was a supply sider. That means he believed that money in the hands of private indivuduals stimulated the economy, not government spending.
June 26th, 2010 at 5:18 am
@skwira001 [Reagan ...
@skwira001 [Reagan wanted a stimulus...] And your proof of that assertion is …?
June 26th, 2010 at 5:18 am
@skwira001 [... you ...
@skwira001 [... you can't just keep cutting taxes to 0.] Exactly. But consider this: from the founding of our current government in 1789 to 1861 we did fine without an income tax, and then again from 1895 to 1913. How was that possible?
June 26th, 2010 at 5:18 am
I’m just saying …
I’m just saying that Reagan wanted a stimulus. He wanted the spending early on. I don’t know if he wanted the spending the last 6 years.
June 26th, 2010 at 5:18 am
@skwira001 Yes, …
@skwira001 Yes, easy money was a major cause of inflation.
Reagan should not be “credited” with all the spending. He proposed a balanced budget but Speaker of the House Tip O’Neill pronounced it dead on arrival. Reagan knew that government spending does not promote economic prosperity.
Governments don’t have any money of their own to spend, they have to take it out of the economy before they put it back in, supposedly stimulating the economy.
June 26th, 2010 at 5:18 am
@xXFocusRecord Uhmm …
@xXFocusRecord Uhmm… then why did they do what they would not normally do? What prompted them to loan money to people who could not repay? Greed doesn’t explain it because if you loan money to someone who can’t pay you back you lose money, not make money! Banks know that. What distorted the market so that they made so many insane loans?
June 26th, 2010 at 5:18 am
The problem is, you …
The problem is, you can’t just keep cutting taxes to 0.
June 26th, 2010 at 5:18 am
What killed …
What killed inflation was raising interests rates by the federal reserve. I’m not saying Keynesian Economics is followed in its entirety. The idea of more government spending and changing monetary polocy comes from that. Reagan also spent loads of money. Tax rates back then were 70%. He cut it to 50%. Bush only cut it 4%. When you cut taxes 20%, you get a huge multiplier.
June 26th, 2010 at 5:18 am
@theHirsuteFrog …
@theHirsuteFrog Exactly two words”Banks”,” “Responsibly”. Greed and irresponsibility put them on there ass.Do not try to make it sound like the government put them on a collision course for bankruptcy No one on wall street saw this coming???
June 26th, 2010 at 5:18 am
@skwira001 …
@skwira001 Obviously you were never taught the broken window fallacy, and apparently you were miseducated in high school. John Maynard Keynes was a sick puppy. I lived through the 60s and the 70s and the economic malaise brought on by Keynesian economics. Reagan’s policies stopped inflation cold and sparked the greatest economic boom in American history. That should have been the end of Keynes’ sick economic theories. Unfortunately that is not the case.
June 26th, 2010 at 5:18 am
@xXFocusRecord …
@xXFocusRecord Banks usually do not keep the mortgages they originate. They sell them to Freddie Mac and Fannie Mae. Government policy dictated that Freddie Mac and Fannie Mae had to buy a certain percentage of mortages to minorities and low income people. Some bank acted responsibly, but many decided to make the loans, collect their origination fees and sell the bad paper to Fannie Mae and Freddie Mac. They couldn’t pass up the free money.
June 26th, 2010 at 5:18 am
If Bush first cut …
If Bush first cut spending then cut taxes and not mess with the mortgage industry. We would not be in this mess. He should of not nation build at all. Ron Paul for President 2012.
June 26th, 2010 at 5:18 am
@theHirsuteFrog …
@theHirsuteFrog Since when does the Bank have to do what the government encourages. Banks have enough mathematicians and computers to know well the risk involved with there lending, once again BP breaks a crude pipe in the ocean, lets put blame on the government not the business. Huge gains come with huge responsibility, its the business responsibility to have a safety plan, not lie about statistics and move around funds.
June 26th, 2010 at 5:18 am
No wonder why …
No wonder why republicans control the uneducated. Read your basic economic textbook from high school. It shows the tax cut multiplier vs. the spending multiplier to stimulate the economy. Tax cuts have a lower multiplier.
June 26th, 2010 at 5:18 am
So George Bush …
So George Bush lowered taxes and that resulted in the current economic mess? Well, let’s not let history get in the way of a good argument, but I recall that the Bush tax cuts occurred in 2001, the housing bubble burst in 2008. What happened between 2001 and 2008?
O well, at least we know that government policies that encouraged banks to issues mortages to people who could not afford them had nothing to do with the housing bubble.
June 26th, 2010 at 5:18 am
There is so much …
There is so much economic ignorance on display here I don’t know where to start. So instead, let’s just note that the whole argument is based on class envy. It’s okay to plunder the rich because they are rich. They won’t miss it. Apparently the Young Turd doesn’t believe in property rights.
June 26th, 2010 at 5:18 am
Stink Yogurt lies …
Stink Yogurt lies again for The Messiah.
June 26th, 2010 at 5:18 am
Ok this guy is an …
Ok this guy is an idiot capital gains taxes has nothing to do with taxing a business. And SouthernFriedHoney, the money that you save and invest is already taxed.
June 26th, 2010 at 5:18 am
God bless those who …
God bless those who can get their money from capital gains — but Christ almighty, why the tax the living out of people who WORK for their money, and invest in their own business, and operate it.
Why the not just tax it all the same – — let the market decide how you make your money. Not the tax code.
Just tax your income as income, quit this bullshit con artist crap of having no taxes on some kinds of income. that.