Page 42 of 59 FirstFirst ... 32404142434452 ... LastLast
Results 411 to 420 of 589

Thread: White House Tax Plan Would Ask More of Millionaires (Continued)

  1. #411
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,723

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by winston53660 View Post
    Well since your posts never reflect education of any advanced level go for it!

    Oh and my dad has a Master's
    my brother has two
    and my other brother has his Phd
    oh and I have a master's too.
    education is supposed to make someone less dependent on government and less likely to impose costs on other people

    I guess in your case that didn't happen



  2. #412
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Sheik Yerbuti View Post
    Here's the part you don't get ... in the early 80's when the rates went sky high, that affected peoples' ability to afford taking out a mortgage on the house. It didn't bankrupt them, they just had to wait until the rates came down to make the mortgage more affordable. If someone bought a house at $100,000 with a 17.5% rate, it's because they could afford it. Which also highlight s why Reagan had a better recovery than Obama. In the early e80's, the people who bought houses at 17.% rates were able to refinance their mortgage during the recovery period which provided them extra spending money which helped fuel the recovery.

    Now compare that with the millions of people who did just the opposite in the mid-2000's ... they took out ARMs and deferred interest loans for extremely low interest rates and then couldn't afford to keep up with their mortgage when the fixed rate expired and the interest rates rose. They lost all their money and had nothing to help fuel a recovery. That's a big part of the problem for why the recovery has been so sluggish.

    The big difference that you're incapable of understanding is back then, there was room to produce a recovery. That's a luxury which doesn't exist now.

    Back then, we were able to reign in inflation, thereby promoting growth; now, inflation is already low.

    Back then, we were able to lower interest rates to spark investments, thereby promoting growth; now, the interest rates are already low.

    Back then, income taxes were as high as 70%, plenty of room to reduce them to put more money into the economy; now, income taxes are already near historic lows.

    Back then, national debt was not an issue, there was plenty of room to borrow to invest more money into the economy; now, the national debt is bursting at the seams and there's little more we can tap into.

    All the things that could be done to generate a recovery were at Reagan's disposal back then and none of them are available now. And Obama isn't responsible for any of them except the debt, which Republican presidents contributed some 80% of prior to Obama becoming president.
    That's a great rundown, but you must also realize Reagan tripled the debt to fight the Cold War, so he was using Keynesian economics.


  3. #413
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,723

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by pbrauer View Post
    That's a great rundown, but you must also realize Reagan tripled the debt to fight the Cold War, so he was using Keynesian economics.
    all that pork dems loaded up his demands for more defense spending had nothing to do with that did it



  4. #414
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Sheik Yerbuti View Post
    Here you demonstrate you don't know what you're talking about. Interest rates were raised fight inflation. Once inflation was under control, interest rates dropped. None of that had anything to do with Reagan or his policies.
    Au contraire. You are correct that interest rates were deliberately kept high so as to shrink the money supply, and get inflation under control. There was no other way to succeed. There were plenty of ways to continue to fail though. It also meant a continued stifling of the broken economy, and a concurrent rise in unemployment. This is why unemployment peaked in 1982.

    To say it had nothing to do with Reagan is just plain false though. Reagan had to sell the country on a couple years of tough love in order to fix things. And it was tough. In fact, he had to go into the '82 midterms with lousy numbers, exactly as he said they would be though. What he did not do was bring on massive new entiltement programs, and throw money at everything (Obamacare and Stimulus). And what was his message in lieu of passing out free stuff ? It was "Stay the Course". As he was such a phenomenal leader, who was able to make the tough decisions, and stick with them, he kicked ass. In 1983 everything started to turn around, exactly as he said it would. In '84 he beat a credible Walter Mondale in one of the biggest electoral romps in history.

    Contrast that to Obama. Who hasn't made a tough decision in his life. Whose "plan" has failed to deliver everywhere. Massive and sustained debt. Unemployment stuck over 9% with phoney numbers, over 12 without. 0-2 for "Recovery Summers". Holder. Solyndra. Gitmo. Etc.

    What Reagan had to do was lead and maintain the political will of the country to take the tough medicine. It had everything to do with his leadership at that time.

  5. #415
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by pbrauer View Post
    That's a great rundown, but you must also realize Reagan tripled the debt to fight the Cold War, so he was using Keynesian economics.
    I can up my credit card balance from $1 to $3 too, and I "tripled my debt".

    Reagan kept debt manageable, with deficits around 5% of GDP, while he fixed massive problems. He fixed the country, and the military. And American pride. He paved the way for the enormously successful '90's.

    Obama has us headed to 7.5% deficits. And he hasn't fixed a friggin thing.

  6. #416
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by TurtleDude View Post
    I couldn't care less-I am speaking about the majority of those teaching at public schools.They tended to be people at the bottom of the barrel in college and I would be happy to compare my Ivy doctorate and masters with your mother's degrees.
    Well here's a list of the 10 most educated states:

    Massachusetts
    Maryland
    Colorado
    Connecticut
    Vermont
    New Hampshire
    Virgina
    Minnesota
    Washington
    New Jersey

    America's smartest states - Massachusetts (1) - Small Business

    Here's a list of the 10 smartest states:

    Vermont
    Wisconsin
    Massachusetts
    Iowa
    Connecticut
    Montana
    New Jersey
    Nebraska
    Minnesota
    Virgina

    ... and the 10 dumbest states:

    Nevada
    Arizona
    California
    Hawaii
    Alaska
    Georgia
    Mississippi
    Alabama
    Louisiana
    New Mexico

    The Dumbest States in America | Lifestyle | Mainstreet

    Now whine away ...
    Last edited by Sheik Yerbuti; 10-14-11 at 12:11 AM.

  7. #417
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,723

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Sheik Yerbuti View Post
    Well here's a list of the 10 most educated states:

    Massachusetts
    Maryland
    Colorado
    Connecticut
    Vermont
    New Hampshire
    Virgina
    Minnesota
    Washington
    New Jersey

    America's smartest states - Massachusetts (1) - Small Business

    Here's a list of the 10 smartest states:

    Vermont
    Wisconsin
    Massachusetts
    Iowa
    Connecticut
    Montana
    New Jersey
    Nebraska
    Minnesota
    Virgina

    ... and the 10 dumbest states:

    Nevada
    Arizona
    California
    Hawaii
    Alaska
    Georgia
    Mississippi
    Alabama
    Louisiana
    New Mexico

    The Dumbest States in America | Lifestyle | Mainstreet

    Now whine away ...
    what does that prove? a group that voted 95% for Obama is the group that does the worst on IQ tests



  8. #418
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 02:41 PM
    Gender
    Lean
    Conservative
    Posts
    67,273

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Eighty Deuce View Post
    Au contraire. You are correct that interest rates were deliberately kept high so as to shrink the money supply, and get inflation under control. There was no other way to succeed. There were plenty of ways to continue to fail though. It also meant a continued stifling of the broken economy, and a concurrent rise in unemployment. This is why unemployment peaked in 1982.

    To say it had nothing to do with Reagan is just plain false though. Reagan had to sell the country on a couple years of tough love in order to fix things. And it was tough. In fact, he had to go into the '82 midterms with lousy numbers, exactly as he said they would be though. What he did not do was bring on massive new entiltement programs, and throw money at everything (Obamacare and Stimulus). And what was his message in lieu of passing out free stuff ? It was "Stay the Course". As he was such a phenomenal leader, who was able to make the tough decisions, and stick with them, he kicked ass. In 1983 everything started to turn around, exactly as he said it would. In '84 he beat a credible Walter Mondale in one of the biggest electoral romps in history.

    Contrast that to Obama. Who hasn't made a tough decision in his life. Whose "plan" has failed to deliver everywhere. Massive and sustained debt. Unemployment stuck over 9% with phoney numbers, over 12 without. 0-2 for "Recovery Summers". Holder. Solyndra. Gitmo. Etc.

    What Reagan had to do was lead and maintain the political will of the country to take the tough medicine. It had everything to do with his leadership at that time.
    Guess none of that made the liberal textbooks that have brainwashed a lot of people. This country today is experiencing a failure of leadership by somenoe whose resume showed he was in ovrer his head when he ran for the job but his flowery rhetoric won the election. He did so without offering specifics and convinced a majority that his hope and change message was the same as theirs. Today's results speak for themselves and you nailed it. I am amazed that his JAR is still at 40% but then again after seeing some of the people here guess I shouldn't be surprised.

  9. #419
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by TurtleDude View Post

    not compared to those who majored in say engineering or have masters in real subjects

    Having a doctorate in law and a masters in labor law and industrial labor relations I find M Eds rather underwhelming

    Its all a question of perspective

    Your position that a M Ed is a tremendous bit of education might well be true from your perspective.
    Strawman much?

    Umm, mind giving the post number where I said having a Masters degree in Education is a "tremendous bit of education?" Wait! I'll save you the trouble -- I never did. Sad that you have to toss your argument in the toilet like that by misrepresenting what I said, isn't it?

  10. #420
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Eighty Deuce View Post
    Contrast that to Obama. Who hasn't made a tough decision in his life. Whose "plan" has failed to deliver everywhere. Massive and sustained debt. Unemployment stuck over 9% with phoney numbers, over 12 without. 0-2 for "Recovery Summers". Holder. Solyndra. Gitmo. Etc.
    Who killed the economy before Obama even took office?

    Private sector jobs gains/losses

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2008 Gain/
    Loss
    4 -128 -87 -186 -240 -217 -265 -317 -434 -491 -787 -636
    2009 Gain/
    Loss
    -841 -721 -787 -773 -326 -438 -287 -215 -213 -250 -34 -102
    2010 Gain/
    Loss
    -42 -21 144 229 48 65 93 110 109 143 128 167
    2011 Gain/
    Loss
    94 261 219 241 99 75 156 17


Page 42 of 59 FirstFirst ... 32404142434452 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •