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real republicans are northerners

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  • User profile image
    JohnAskew

    , Proton2 wrote

    The democrats got cloberd in the election, with House Speaker John Boehner now leader. He will not raise taxes including any form of a carbon tax.

    How is gaining 6 or 7 seats in the House of Representatives and winning every close Senate race "got cloberd"?

    Democrats may not have emerged with a mandate, but they certainly clobbered the Republicans.

  • User profile image
    JohnAskew

    , Srikanth_t wrote

    The economically challenged anti-Ron paul  NeoCon republicans seem to like wasting Trillions of dollars on ill-conceived wars. Not to mention, they themselves will never go fight in those wars. Or send their own kids. They just like to sit in the comfort of Air conditioned rooms and cheer the children of poor people as they waste their lives in ill conceived wars. The shorter words to describe these people are "Neo-Con Chicken hawks".

    This is the only point to which I will agree with you so far.

  • User profile image
    JohnAskew

    , Srikanth_t wrote

     

    @cbae:

    Yes, I would be glad to explain. Let's take today's topic for example. Today Obama proposed raising $1.6 trillion revenue over the next decade by means of Tax increases on "those rich" people.

     Lot of Dem voters seem to have hard time deciphering Obama's today's lie. You see, Obama is running $1 trillion deficit PER YEAR. His proposed tax increases on "those rich" people amounts to nothing on a PER YEAR basis. As usual, he offers KoolAid, and Dem voters just drink it. If Obama were not a liar, he would tell the truth. If he intends to fill the deficit by Taxes only...then taxing "those rich" amounts to nothing. He really needs to tax "us middle class" people. Then, only then, can his $1trillion/year deficit can be covered. Comprende' ?

    Now, I understand that lot of Liberals believe that if only the taxes on "those rich" can be increased  and spending not reduced, we can all hold hands and enjoy the milk and honey. But sometimes, Liberals need to drink coffee and smell their "batshit" ( to use your language).

    Given that I work with commodity prices, interest rates, FX rates data and use advanced statistical models to perform option valuation and risk metrics on millions of dollars of my customers commodity portfolios for my "daily" living ( and actually make a pretty good living at that), I would be glad to explain any other economic topic of interest to you. Do let me know what topic you need a little bit teaching on.

    It has been made clear that raising taxes on those who earn > $250,000 will not balance the budget. No one claims it will except for you. Personally, I think all the Bush era tax cuts should expire and everyone should pay taxes like we did in the 1990s. It balanced the budget. Other opinions are just irresponsible, even the 'tax the rich only' approach.

    Liberals understand everything, at least I do. You must believe what conservative shock jocks tell you that Liberals believe, because that isn't coming from me. No one believes Obama's tax increases alone will balance the budget, that's stupid talk. Where did it come from? I laugh at it.

    Obama is not a liar. Save your emotions for football games, please. I drink coffee, plenty.

    Given that you work with the financial industry gives you exactly zero superhero powers of economic genius. Many of us have worked in the field. Why do you believe your opinions are somehow more genuine?

     

  • User profile image
    Maddus Mattus

    The tax pressure here in Holland is over 75% and we still cannot balance our budget.

    I don't believe that a government will ever balance the budget. That's not how governments work. When you give someone a 'right', you cannot deny them that 'right' when the budget runs out, because  it's the law.

    As a result we spend more then our budgets for nearly everything, especially healthcare.

    Funny story on the radio yesterday;

    They were talking about how Spain and Greece were literally on fire. Because they are not able to pay the budget cuts. They say budget cuts, but actually they mean tax increases. The radio show hosts babbled on about how budget cuts were bad and killing the economy, how they could not figure out a solution to this predicament.

    In the item after the one about Spain and Greece, they talked about how a nursing institution cut down on management and regulation for it's nurses. How they now were able to provide better care for less price. They were literally amazed that it was possible to turn the institution around almost overnight. They fired 80 managers and gave the nurses the responsibility to deliver the care that they thought was needed.

    If you have half a brain, you can see that cutting costs is not raising more taxes. Cutting costs is getting rid of regulations and overhead, so that the citizen is responsible for his own affairs. This is the way out of the predicament we are in right now. Government cant spend it's way out of a crisis.

    None of your or our leaders are willing to admit that they brought this onto themselves. Well, ultimately we brought it onto us, since we voted for them and let them run our lives.

    Moral of the story is, people are not willing to accept the obvious solution. Even if it's starting them right in the eyes.

  • User profile image
    ScanIAm

    , Srikanth_t wrote

    Given that I work with commodity prices, interest rates, FX rates data and use advanced statistical models to perform option valuation and risk metrics on millions of dollars of my customers commodity portfolios for my "daily" living ( and actually make a pretty good living at that), I would be glad to explain any other economic topic of interest to you. Do let me know what topic you need a little bit teaching on.

    I'm sorry, but quants aren't economists, they are gamblers.  Any opinion they espouse must be taken with the full knowledge that it is in their interest to shade any discussion so that it might improve their bottom line.

    That doesn't make you a bad person, but as long as you make money doing this, you aren't going to 'school' us on economics, you are going to school us on how you want to make more money.

  • User profile image
    TexasToast

    @Maddus Mattus: The answer is to start over.   We are going to create our own country here in Texas and do things the right way.   Looks like a few other states will join.  In Europe I see another war coming that will realign the powers and this will be your do over.

  • User profile image
    Proton2
  • User profile image
    JohnAskew

    , TexasToast wrote

    @Maddus Mattus: The answer is to start over.   We are going to create our own country here in Texas and do things the right way.   Looks like a few other states will join.  In Europe I see another war coming that will realign the powers and this will be your do over.

    Like I said at the start: real Republicans are northerners. Texans are not northerners whatsoever.

    And the idea that anyone takes today's pitiful cowardly sentiment of any U.S state seccession seriously shows just how fractured and confused the Republican base has become.

    Please start your own political party and leave the good GOP to those with brains.

  • User profile image
    JohnAskew

    , Maddus Mattus wrote

    The tax pressure here in Holland is over 75% and we still cannot balance our budget.

    Prove it.

    %52  is not  ==  %75

  • User profile image
    TexasToast

    @Proton2: I was actually just kidding but there are a lot of unhappy campers here.  Secession will be fun news for awhile but it wont go anywhere.  Things have to get really bad before any of this gets traction.   I think the government in the US will just be gridlocked for next 4 years.

  • User profile image
    TexasToast

    @JohnAskew: I do not think anyone is taking it serious but it seems like you believe that.   It is just post election venting .   Things will settle down in a few months.   I like the libertarians.  You can keep the GOP after they screwed Ron Paul.

  • User profile image
    JohnAskew

    , TexasToast wrote

    @Proton2: I was actually just kidding but there are a lot of unhappy campers here.  Secession will be fun news for awhile but it wont go anywhere.  Things have to get really bad before any of this gets traction.   I think the government in the US will just be gridlocked for next 4 years.

    I'm glad you were not serious about the cry baby secession banter. It's a bunch of sour grapes.

    Congress will have more elections in 2 years. If that changes the formula for gridlock, then you will be wrong with asserting 4 years of gridlock.

    Voters voted out t-party gridlockers... and will vote more out in 2 years if there isn't cooperation in Congress between the two parties. Republicans are voting against t-party extremists, too. Everyone wants a working government, not a bunch of radicals doing everything they can for more gridlock.

  • User profile image
    JohnAskew

    , TexasToast wrote

    @JohnAskew: I do not think anyone is taking it serious but it seems like you believe that.   It is just post election venting .   Things will settle down in a few months.   I like the libertarians.  You can keep the GOP after they screwed Ron Paul.

    There is an element of truth to every joke, too.

    Please, be my guest and BUILD the libertarian party. I have serious doubts it will ever take hold. It's on the same level of denial as secession, imho. Win an election or something, L's.

  • User profile image
    Maddus Mattus

    , JohnAskew wrote

    *snip*

    Prove it.

    %52  is not  ==  %75

    30-52% income tax.

    Then we get compulsory insurances, which are in essence taxes for healthcare, pension and disabilities (don't know the exact percentage, have to lookup my payment sheet).

    21% (going to be 23%) consumer tax.

    Have you got insurance? There's a tax for that, 21%.

    Want to buy groceries? 6% tax.

    Then we get a 66% tax on fuel, gas and electricity.

    When we die state takes 40% as tax.

    Want to sell your house? 10% tax.

    New car has a 20% tax and on top the 21% consumer tax.

    Want to drive a car? There's a tax for that!

    Company car? Add 14%-25% (depending on CO2 emissions) of the new value of the car to your income and pay 30-52% tax over that!

    Then there are the taxes on a corporate level that get included into product price, which you don't actually see on the bill!

    It all amounts to a total tax pressure of more then 75% on the worker. In Holland we have the highest tax pressure in the world.

  • User profile image
    Maddus Mattus

    , JohnAskew wrote

    There is an element of truth to every joke, too.

    Please, be my guest and BUILD the libertarian party. I have serious doubts it will ever take hold. It's on the same level of denial as secession, imho. Win an election or something, L's.

    An election is an auction of future stolen goods. You will never ever win an election if you promise people to take away their 'free' stuff.

    There is a difference between being right and getting other people to agree that you are right.

  • User profile image
    ScanIAm

    @Maddus Mattus:I could list out every time I pay tax when I buy a burger and fries, too, but it doesn't change the fact that

    You don't even know your own tax rate.

    You should take "Mad Matts Taxes are Too Damn High" show on the road.

  • User profile image
    Srikanth_t

    , JohnAskew wrote

    *snip*

    It has been made clear that raising taxes on those who earn > $250,000 will not balance the budget. No one claims it will except for you. Personally, I think all the Bush era tax cuts should expire and everyone should pay taxes like we did in the 1990s. It balanced the budget. Other opinions are just irresponsible, even the 'tax the rich only' approach.

    Liberals understand everything, at least I do. You must believe what conservative shock jocks tell you that Liberals believe, because that isn't coming from me. No one believes Obama's tax increases alone will balance the budget, that's stupid talk. Where did it come from? I laugh at it.

    Obama is not a liar. Save your emotions for football games, please. I drink coffee, plenty.

    Given that you work with the financial industry gives you exactly zero superhero powers of economic genius. Many of us have worked in the field. Why do you believe your opinions are somehow more genuine?

     

    Au Contraire, you seem to be not listening to what Obama himself is saying. And more importantly the rhetoric coming out of Liberal echo chamber known as MSNBC. So far, Obama proposed raising the taxes on "those rich" and closing some tax loopholes (we don't know what those "some loopholes" are). All of this makes like *a dent* in his Trillion dollar per year deficits. It does make for a good talking point though...you gotta have a boogeyman and this time it's the rich.

    Nope. 1990s taxes did not balance the budget. This tells me how misinformed you are on 1990s economy. You see, as it so happened, the tax revenues of 1990s are NOT because we all got taxed slightly higher rates. It was because, Fed Reserve artificially kept interest rates lower than what the actual market would have priced them. It fueled a fake boom in DotCom companies on one hand and also (and more importantly) the stock market bubble on the other hand.

    When Government manipulates the economy through it's artificial financial engineering, the three main factors of Capitalist economy, namely Labor, Resources and Capital will get grossly misallocated. We all have seen how many DotCom companies got started on the Flimsiest of business cases. So much of capital moved in to the fake boom of stock market. At one point in time, Yahoo itself was valued at more than the entire GDP of New Zealand. That's right, Newzealand with it's rich mineral, timber, tourism, agriculture, fishing, etcetra was less than Yahoo. That is one incredible fake movement of capital in to stock market. The fakeness of Clinton era boom was fully brought to bear in the subsequent crash. And then Bush, with help from Greenspan and Bernanke, engineered even bigger boom called "housing" and we all know how it turned out. Again, everybody and their grandma was a real-estate agent...lol (labor allocation).

  • User profile image
    spivonious

    , JohnAskew wrote

    *snip*

    There is an element of truth to every joke, too.

    Please, be my guest and BUILD the libertarian party. I have serious doubts it will ever take hold. It's on the same level of denial as secession, imho. Win an election or something, L's.

    Bob Barr got 0.4% of the popular vote in 2008. Gary Johnson got 0.98% of the popular vote this year. He got over 3% in his home state of New Mexico. Many people I talked to said they'd like to vote for him, but were voting for Romney because they wanted Obama to lose, even though they didn't agree with all of Romney's platform.

    I think many more people would have voted for him had the media portrayed him as a viable candidate. Why not include the major third party candidates in the debates? The presidential election system in this country is controlled by the major parties.

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