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Thread: LA Times: Obama stimulus spending: $246,436 per new job

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by apdst View Post
    Nope, government run power plants aren't wealth, either.
    Water supply/treatment facilities
    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: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by apdst View Post
    No, it' you darlin', that needs to think more. What form does that increase in property value come in, cash? tax credit? And, what form is that increased on property taxes paid to the government in? It's damn sure paid in cash.

    So, where has wealth been created? Sure, the government ripped people off with the increased property tax, but where does the property owner realize any increase in his billfold? He doesn't, does he? The only thing he realizes, is that he's paying more taxes.
    When the value of your assets increases, that is an increase in wealth. This is elementary stuff. You are embarrassing yourself now.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by Redress View Post
    When the value of your assets increases, that is an increase in wealth. This is elementary stuff. You are embarrassing yourself now.
    That's right, to an extent. However the increase in value you just talked about was canceled out by the increase in property taxes that has to be paid in cash. You do understand the difference in equity and liquidity? Now, that is kindergarten stuff. Who's embarressing herself??
    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: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by Goldenboy219 View Post
    Water supply/treatment facilities
    You ever known anyone to get rich working in a government ****house? I haven't.
    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: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by apdst View Post
    That's right, to an extent. However the increase in value you just talked about was canceled out by the increase in property taxes that has to be paid in cash. You do understand the difference in equity and liquidity? Now, that is kindergarten stuff. Who's embarressing herself??
    Only if the tax rate is 100 %, otherwise the property owner is ahead.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by apdst View Post
    You need to stop embarressing yourself and work on explaining the tactical transition from the Air/Land Battle Doctrine to assymetrical warfare.
    lol. It's amusing how you rejected Reagan's supply side economics.

    Still pretending that government can't create wealth eh?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by apdst View Post
    That's right, to an extent. However the increase in value you just talked about was canceled out by the increase in property taxes that has to be paid in cash. You do understand the difference in equity and liquidity? Now, that is kindergarten stuff. Who's embarressing herself??
    Redress, you should be embarrassed you let Apdst get away with this.

    Rather then admit he's wrong that government can't create wealth, Apdst changes the subject.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by Redress View Post
    Only if the tax rate is 100 %, otherwise the property owner is ahead.
    The prop owner is only ahead if he gets the increase in value in cash. Otherwise, he isn't ahead a damn thing. He still has to shell out cash to pay the property taxes, which is going to come from a different liquidity source than the value of his property. An increase in value isn't going to produce liquid, it will only produce equity. You can't pay taxes with equity.
    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: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by obvious Child View Post
    Redress, you should be embarrassed you let Apdst get away with this.

    Rather then admit he's wrong that government can't create wealth, Apdst changes the subject.
    You working on those tactical doctrines? You need to be.
    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: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by apdst View Post
    It's simple, if I make $30,000 dollars one year, then make $40,000 the next year, wealth has been created.
    No it hasn't. All that you've stated is merely a transfer of wealth. Merely because you are paid more (or at all) next year does not equate to wealth being created.

    Not once, since I've been in the private sector has any government money created wealth for me.
    That may be more of your fault in taking advantage of it more then anything else.

    The prop owner is only ahead if he gets the increase in value in cash.
    Say what? Paper gains are still gains. By your reasoning, someone holding gold who sees his gold investment rise in market value 1,000% is not ahead because his gains are not realized.

    Otherwise, he isn't ahead a damn thing. He still has to shell out cash to pay the property taxes, which is going to come from a different liquidity source than the value of his property. An increase in value isn't going to produce liquid, it will only produce equity. You can't pay taxes with equity.
    Actually you can. Heard of a home equity loan?

    And Apdst fails once again.
    Last edited by obvious Child; 12-13-09 at 09:48 PM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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