Page 156 of 192 FirstFirst ... 56106146154155156157158166 ... LastLast
Results 1,551 to 1,560 of 1914

Thread: Romney reveals he pays about 15% in taxes(edited)

  1. #1551
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 02:05 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,766

    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by haymarket View Post
    What a completely ridiculous thing to say about workers who had factory jobs. Why do you need to resort to putting labels on people like DUMB and engaging in name calling? There were several men in my family and many in my neighborhood who had factory jobs and many were intelligent people who could put to shame some here who think their fancy elite school sheepskins confer IQ point upon them.

    As I finished my Bachelors, I worked for six months on a garbage truck and the driver was an old guy - a tough Finn from the upper peninsula with a sixth grade education. The man could talk to you about current events and politics like you were speaking to William Buckley. Thats not a factory job but some elitists would consider that even lower I would imagine.

    Please Turtle, leave the condescending elitism and name calling out of this.
    the feigned indignation is amusing but I was merely recalling a quote from an article I read 25 years ago in the local paper,. it was talking about the old assembly plants for GM in Norwood Ohio that closed. the article spoke of three generations of Norwood HS boys who went to a job where being dumb didn't hurt as long as you were strong and had a good work ethic. that got you a ticket to the middle class.

    Here is a reference to that plant and what happened to that city (I grew up less than a few miles from the place, my maternal grandfather worked on the border of Norwood in a machine tool factory)


    Norwood Assembly - Wikipedia, the free encyclopedia
    Last edited by TurtleDude; 01-25-12 at 10:58 PM.

  2. #1552
    Sage
    ric27's Avatar
    Join Date
    Jun 2010
    Last Seen
    06-15-17 @ 02:57 PM
    Gender
    Lean
    Independent
    Posts
    7,539

    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Catawba View Post
    Romney is the perfect representative of the 1% to go into battle against the 99% in November ~

    Romney tax returns show he's no average multimillionaire
    Good lord! How long have you been a party member? Is there something wrong with making money?


    Lets deal with the first means of wealth creation. You invest, i.e. own a business that makes a product or provides a service. You hire people, i.e. give them your money, to produce your product or provide your services. In a free market, you pay a competitive wage. If the business does well, you make money. Since it is your money that is at risk in the first place, you get the largest reward. That money then gets invested in expanding the business, or creating/buying other businesses. If you've done your job right, they make money too. All the time, you're providing jobs and employing people.

  3. #1553
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 05:41 AM
    Gender
    Lean
    Independent
    Posts
    54,715

    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by haymarket View Post
    When can we actually expect you to begin debate here?
    There IS no debate...you are a partisan hack feigning outrage. Hell...even the liberals on this board see you for what you are.

  4. #1554
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by ric27 View Post
    Good lord! How long have you been a party member?


    Very unoriginal insult


    Is there something wrong with making money?
    Absolutely nothing!


    Lets deal with the first means of wealth creation. You invest, i.e. own a business that makes a product or provides a service. You hire people, i.e. give them your money, to produce your product or provide your services. In a free market, you pay a competitive wage. If the business does well, you make money. Since it is your money that is at risk in the first place, you get the largest reward. That money then gets invested in expanding the business, or creating/buying other businesses. If you've done your job right, they make money too. All the time, you're providing jobs and employing people.
    Ah, you see that is where trickle down theory failed for the middle class in the US. Once they started providing tax cuts to businesses for outsourcing jobs, and not producing jobs in this country, as well as reducing their tax rates for the rich to the point where large debt accumulated so that benefits for middle class seniors would need to be cut, they began to lose support of the middle class. After the 2010 election when they declared open war on the middle lass they sealed their doom for a possible win this year.

    Have you looked at the GOP candidates tax plans? There are no significant tax cuts for the middle class, but there are big tax cuts for the wealthy, which would only exasperate the huge wealth disparity that is dragging our economy down.

    Who in the middle class, in their right mind, would vote for a party that has promised to cut their benefits so they can provide even greater tax cuts to the rich???
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  5. #1555
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by VanceMack View Post
    There IS no debate...you are a partisan hack feigning outrage. Hell...even the liberals on this board see you for what you are.
    The irony of you calling anyone else a partisan hack could knock the earth off its axis.

  6. #1556
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 05:41 AM
    Gender
    Lean
    Independent
    Posts
    54,715

    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by AdamT View Post
    The irony of you calling anyone else a partisan hack could knock the earth off its axis.
    Right...because my support of Obama as CiC, continued positive support of his war on terror, third party support, repeated comments about republicans and dems being two sides of the same coin, stated positions on Bush being the primary reason for leaving the GOP in 2003, spoken support for social spending and health care at the state and local levels, support for immigration amnesty, and opposition to changing abortion laws are SO partisan. Baby...you are the president of the partisan hack club. You dont even have to speak on ANY subject...just type 10 dots...its the same partisan rhetoric every time. Just pull your string, baby...Not shockingly...your VP thanked your post.

  7. #1557
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by VanceMack View Post
    Right...because my support of Obama as CiC, continued positive support of his war on terror, third party support, repeated comments about republicans and dems being two sides of the same coin, stated positions on Bush being the primary reason for leaving the GOP in 2003, spoken support for social spending and health care at the state and local levels, support for immigration amnesty, and opposition to changing abortion laws are SO partisan. Baby...you are the president of the partisan hack club. You dont even have to speak on ANY subject...just type 10 dots...its the same partisan rhetoric every time. Just pull your string, baby...Not shockingly...your VP thanked your post.
    It's funny, but the only time I ever see you claiming to support those ideas is when you're defending yourself against someone who you've labeled a partisan hack who's returning the favor.

  8. #1558
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 05:41 AM
    Gender
    Lean
    Independent
    Posts
    54,715

    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by AdamT View Post
    It's funny, but the only time I ever see you claiming to support those ideas is when you're defending yourself against someone who you've labeled a partisan hack who's returning the favor.
    Believe what you want. The posts are there. Facts are what they are...

    and you is what you is...

  9. #1559
    Pragmatic Idealist
    upsideguy's Avatar
    Join Date
    Nov 2009
    Location
    Rocky Mtn. High
    Last Seen
    Today @ 02:58 AM
    Gender
    Lean
    Progressive
    Posts
    10,132

    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by ric27 View Post
    Good lord! How long have you been a party member? Is there something wrong with making money?


    Lets deal with the first means of wealth creation. You invest, i.e. own a business that makes a product or provides a service. You hire people, i.e. give them your money, to produce your product or provide your services. In a free market, you pay a competitive wage. If the business does well, you make money. Since it is your money that is at risk in the first place, you get the largest reward. That money then gets invested in expanding the business, or creating/buying other businesses. If you've done your job right, they make money too. All the time, you're providing jobs and employing people
    That is good capitalism... the way it is suppose to work: a partnership of capital, technology and labor. Bain, however, represented the perverted side of capitalism.... they did not deploy money necessary to grow a business. They were not equity investors. The were serial houseflippers; looking for undervalued assets, buying into them, and quickly extracting maximum returns for their financial investors. There was not partnership of capital, technology and labor; just financial exploitation. Bain never started a business. They used very little of their own capital, but borrowed heavily on the assets of the target company often seriously weakening the balance and long-term viability of the business and then "feed" the deal up in away that Bain quickly got its principal back.

    The Kaybee Toys deal is very typical of a private equity (previously known as leveraged buy-out) deals: KB Toys - Wikipedia, the free encyclopedia

    Kaybee founders did well. Bain partners did well. The secured creditors likely did ok.... the mall owners, employees and general creditors got screwed.

    While Apple, Microsoft and Google represent what is right with the American economy; Bain represents what is wrong with it.

    It would be really great to have Romney be the nominee, as he most likely is, because the 99%/1% will clearly be on trial... and the 1% will lose.

  10. #1560
    Sage
    teamosil's Avatar
    Join Date
    Oct 2009
    Location
    San Francisco
    Last Seen
    05-22-14 @ 12:47 AM
    Gender
    Lean
    Liberal
    Posts
    6,623

    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by upsideguy View Post
    That is good capitalism... the way it is suppose to work: a partnership of capital, technology and labor. Bain, however, represented the perverted side of capitalism.... they did not deploy money necessary to grow a business. They were not equity investors. The were serial houseflippers; looking for undervalued assets, buying into them, and quickly extracting maximum returns for their financial investors. There was not partnership of capital, technology and labor; just financial exploitation. Bain never started a business.
    Yeah I think that's exactly right. I worked at a number of software companies over the years that dealt with similar firms. They were all the same. They would buy the company, lay off a bunch of people and pressure those that they kept into working absurdly long hours to get the expenses as low as possible for one quarter. The employees would mostly start looking for new jobs, but they'd still be around at least until the end of the quarter usually. Then squeeze every penny out of the customers all in one quarter no matter what. They would do things like say "well you are going to need to upgrade next year, so if you buy the license this quarter, we'll give you 80% off" so that they could put it all on the books for a single quarter. They'd cut tech support and basically tell all the customers that were not spending new money right that quarter to go screw themselves. They'd direct engineering to come up with something- anything- that would allow them to say that we built something related to the latest fad (internet 2.0 or what have you). Then they'd be able to sell the company at a big markup because on paper it looked like we were suddenly very profitable. But in reality, they burned out the employees, they were using up a big chunk of the next year's revenue with those sweet deals for buying this quarter, they were alienating customers, they were forcing engineering down a bad path... But on paper, it all looked great... So they'd sell the company for a bundle and then it would fall apart shortly after the sale when half the employees quit, the customers dropped us, our competitors that had been focused on their core product surpassed us... IMO it's a huge problem with the way capitalism is working at the moment. Too shallow. Too much fixation on superficial variables, not enough on the actual business of making things people want.
    Last edited by teamosil; 01-26-12 at 02:14 AM.

Posting Permissions

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