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Obama will not extend Bush tax cuts to wealthy

tlmorg02 said:
Of course you can get people to work for you, don't create new jobs and those who work for you cannot ask for a raise because there is no where else to go if you do not give one.
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I suppose if you weren't such a stand up, morally straight kinda guy, you'd already be raking in millions right now with this knowledge. Of course, you probably just turn your millions in profits over to your employees. After all, they're the ones doing all the work while you're posting on debate politics.
 
Sure you could, make vintage amps for guitars and pay a rockstar to use it, then kids in garage bands will buy them too.
 
tlmorg02 said:
Since unemployment reached 9.6%
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So now Apple, Dell, eMachines, Compaq, Toshiba, are all monopolies in the same field? Interesting.
 
tlmorg02 said:
Sure you could, make vintage amps for guitars and pay a rockstar to use it, then kids in garage bands will buy them too.
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Those at least have an asthetic value. No one really values vacuum tubes.
 
Taylor said:
I suppose if you weren't such a stand up, morally straight kinda guy, you'd already be raking in millions right now with this knowledge. Of course, you probably just turn your millions in profits over to your employees. After all, they're the ones doing all the work while you're posting on debate politics.
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No, I use slave labor in Indonesia.
 
tlmorg02 said:
Of course there is capital needed, but many times banks front the money or the government, that evil entity gives grants to start the businesses! How dare they!
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Where do you think that banks get money?
 
tlmorg02 said:
No, I use slave labor in Indonesia.
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Sweatshops are not slave labor. People are not forced to work there. They work there because it is better than where they came from.
 
How about this: I'm not going to be able to sell a paperclip for $5 even if I put my name on it and celebrities start using them as earrings. If I did, then people would really just be buying my name, not the paperclip. A paperclip, no matter how it is sold, I can't make it worth more than it really is.
 
tlmorg02 said:
Yes, but those who invest in such means are asking for it to be untouched through tax breaks, if there are no taxes coming from it, and banks are not using the money to loan, then what good is it doing for the economy as a whole, not just for those at the top?
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Very, very little of it if any is "untouched" by taxes. You gotta stop using absolute terms for something which is not absolute. There are a lot of people like you who want their money to be touched even more by taxes but it is not untouched by a longshot. If banks are not loaning now, and they are just in a lot tighter market, then what makes you think they are going to want to loan more if the government threatens to take more money away from them? One of the reasons the stimulus isn't work is because government and the private sector are working against each other. Stop threatening and blaming the rich for everything.
 
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phattonez said:
Sweatshops are not slave labor. People are not forced to work there. They work there because it is better than where they came from.
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I am sorry, near-slave labor. I get them closer to their $1 per day needed to survive, what a philanthropist I am!
 
jambalaya said:
Very, very little of it if any is "untouched" by taxes. You gotta stop using absolute terms for something which is not absolute. There is a lot of people like you who want their money to be touched even more by taxes but it is not untouched by a longshot. If banks are not loaning now, and they are just in a lot tighter market, then what makes you think they are going to want to loan more if the government threatens to take more money away from them? One of the reasons the stimulus isn't work is because government and the private sector are working against each other. Stop threatening and blaming the rich for everything.
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I am neither threatening nor blaming them for anything, I am simply saying the easiest way to stimulate the economy is to tax the rich at the levels prior to 2001, when they were still rich by the way, and give credits to those who create jobs, that way they can be rewarded for creating jobs, and the rest of the breaks give to those who will buy more, that is the Middle Class who make-up 98% of the population and can buy more things as a whole. Then the economy moves and jobs are created and the wealthy see more money because more products are being sold.
 
tlmorg02 said:
I am sorry, near-slave labor. I get them closer to their $1 per day needed to survive, what a philanthropist I am!
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They wouldn't work there unless it was advantageous to them. The fact is that they are low-skill level and they get paid for low-skill, not very scarce labor.
 
phattonez said:
They wouldn't work there unless it was advantageous to them. The fact is that they are low-skill level and they get paid for low-skill, not very scarce labor.
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When you open the labor pool to billions of more people, there are not many "scarce" jobs left.
 
tlmorg02 said:
I am simply saying the easiest way to stimulate the economy is to...give credits to those who create jobs,
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Tried and failed. Obama proposed this in January and businesses were underwhelmed. You might get an 8-year old to buy cracker jack by putting a prize in the box, but businesses have to make smart decisions. They're not going to hire unless it makes sense to hire for the long term.
 
What exactly is sweatshop labor? The best job that people can get with the skills that they have. Take away the sweatshops and the people go back to subsistence farming, quite easily the worst form of life possible while still retaining freedom (so slavery is still worse). The sweatshops give people more disposable income. Also note that if one places offers $1 an hour and another offers $2 an hour then everyone would go toward the $2 an hour shop. The fact remains that wages tend toward marginal productivity and so if people aren't making much it's because their labor isn't worth much.
 
phattonez said:
What exactly is sweatshop labor? The best job that people can get with the skills that they have. Take away the sweatshops and the people go back to subsistence farming, quite easily the worst form of life possible while still retaining freedom (so slavery is still worse). The sweatshops give people more disposable income. Also note that if one places offers $1 an hour and another offers $2 an hour then everyone would go toward the $2 an hour shop. The fact remains that wages tend toward marginal productivity and so if people aren't making much it's because their labor isn't worth much.
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but yet in the US we are forced to pay some brain dead retard $7.25 an hour to ask "do you want fires with that?"
 
tlmorg02 said:
What caused this crisis, for the most part, was the packaging of the mortgages, that the banks knew would never fly, into derivatives and onto investors. Once those investors realized they were stuck and the money lost, they whole sale flocked from the market and the Middle Class lost their jobs, which perpetuated the increase in foreclosures, and their 401k's dropped out the bottom so they lost that as well.
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Yep...and not a single note of blame to the idiots that actually bought those properties...irresponsible banking practices, irresponsible purchasing practices...nope. Its all eeeeeevil bankers. They grabbed people off the street and FORCED them to buy homes they couldnt afford, sign mortgages they didnt/wouldnt pay. Shocking.
 
Well at least now we can wait and see if removing the Tax Cuts will actually help or hinder. If it tends to hinder then I hope Obama has the smarts to put things back the way they were. If it helps then good job Obama.
 
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