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Thread: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

  1. #151
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Goldenboy219 View Post
    Follow your own advice; we are not currently in a recession (there was 100k+ job growth for christ sakes!). Where did you get this $35 billion figure?
    $35B is the cost of the new Obama slush fund bill, since Senate Democrats killed the larger bill.

  2. #152
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Goldenboy219 View Post
    I agree to a point. Accounting costs tied to lowering a tax burden is only a portion of total accounting costs. Accounting for managerial and credit/investment purposes will still exists in the absence of a capital gains tax. We would still be facing short-termism as corporations would rush to pay dividends to shareholders (ala 2003). Then we would have to worry about the possibility of a tax retaliation from nations who lose corporations to our lower rates, which makes me nervous.
    It could be done as a medium term plan, not to effect other nations in one swoop.

    Quote Originally Posted by Goldenboy219 View Post
    It would be an interesting idea if a sort of income threshold to capital gains was included, e.g. no capital gains tax on LTCG for people earning under $75k/year.
    That's more or less the idea.
    Although some basic parameters would have to be set, like no matching fund withdrawals for a period of 5 years or something similar.
    I think allowing dividends to be used as income would be fine though.

    Hopefully, it would encourage more people to be less hostile towards the investor class, as they would be a part of it.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Goldenboy219 View Post
    I agree to a point. Accounting costs tied to lowering a tax burden is only a portion of total accounting costs. Accounting for managerial and credit/investment purposes will still exists in the absence of a capital gains tax. We would still be facing short-termism as corporations would rush to pay dividends to shareholders (ala 2003). Then we would have to worry about the possibility of a tax retaliation from nations who lose corporations to our lower rates, which makes me nervous.




    It would be an interesting idea if a sort of income threshold to capital gains was included, e.g. no capital gains tax on LTCG for people earning under $75k/year.
    Silliness. There is not enough LTCG occuring at that income level to make it worth government's while. Most people in that income bracket have yet to make back their losses from the last crash.

  4. #154
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Reg View Post
    $35B is the cost of the new Obama slush fund bill, since Senate Democrats killed the larger bill.
    Way to come out of left field.

    BTW, you failed to prove we are currently in a recession. Care to admit your error?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Goldenboy219 View Post
    Way to come out of left field.

    BTW, you failed to prove we are currently in a recession. Care to admit your error?
    Read the news. Economists believe we are in one or headed back into one.

    These massive spending/deficits are a failure.

  6. #156
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by lpast View Post
    Did someone say the rallies arent making a difference ?


    The push for a higher tax on New Yorkers making more than $1 million a year is getting fresh life with a new poll showing overwhelming support, a high-profile rally on Monday and the strengthening Occupy Wall Street protest in New York City

    The Siena College poll found 72% of New York voters support the tax to avoid further budget cuts. Just 26% oppose the proposal by powerful Assembly Speaker Sheldon Silver.


    N.Y. millionaire tax gets a push from poll, Occupy Wall St.
    People supporting tax increases they do not have to pay. Who would have thought.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Higgins86 View Post
    nope im comparing a scene from a book to todays climate!
    If you mean how the governemnt is working it's ass off to confiscate private wealth, then you're right on time.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by SheWolf View Post
    The rich people that didn't bailed out are struggling now and not as wealthy. The one's at the top with the most money, the one's that can't fail because they are too big and important, are now contributing about as much as a meth head on welfare and they are at the top.
    Since they aren't spending money at the rate you think they should, you want the government to take it from them and piss it away for them?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Goldenboy219 View Post
    Way to come out of left field.

    BTW, you failed to prove we are currently in a recession. Care to admit your error?
    If we're not in a recession, why do Libbos constantly go on and on about how were in a crisis and we need to tax rich people to get out of it?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  10. #160
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by TurtleDude View Post
    that is typical of the parasite mentality. everyone wants SOMEONE ELSE to pick up the tab for them. Of course the way the fat man rocks in NJ if those parasites aren't careful lots of those millionaires will move to NJ and that means the teat suckers are going to have less and less.

    if someone is not willing to pay the same rates as the rich, they have absolutely no credibility to demand others pay a higher rate

    Turtle do you realize that rhetoric like you use daily here and the same rhetoric thats been coming from the Teaparty in general since Nov is what has fueled these Protests...Did you and the teaparty politicians believe that people that got up everyday all their lives and went to work and made just about enough to keep from going under water was going to just bend over forever so the few that just happen to be in the right position could milk them till their veins are dry.
    Keep talking your the democrats best friend....

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