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Thread: Delaying Tax Vote Could Crash Stock Market

  1. #41
    Sage

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    Re: Delaying Tax Vote Could Crash Stock Market

    from cpwill

    were we a representative democracy in 1800?
    Do use a calendar which reads 1800? I do not. I would guess that the rest of America does not either.


    The Constitution and the government of the people, by the people and for the people disagree with you on that.
    fascinating claim. where in the Constitution do you find a rejection of Jeffersons' oft-repeated warning against giving to some the 'right' to the product and property of others?
    that would be the 16th Amendment to the US Constitution. Perhaps yours is not a copy printed in the last century?

    I stated

    I suspect that much of the rich would not be where they are today if they had not done so on the backs of the common people by enslaving them, exploiting them and dominating them through a rigged and corrupt system for much of our sad history. The great mass of working people indeed have carried the load for them and made it possible for them to be where they are today.
    and your response was

    then you have either no idea of the history you claim to have taught, or no idea of economics. fortunes are not made "off people's backs" unless it is literally slavery; and those who were rich via slavery were a tiny minority even in the antebellum South (and certainly they were ruined with the region after the War of the Rebellion). fortunes were made by helping others. the great mass of working people have benefited from the wealthy.
    You seem to have swallowed the kool aid in large vat fills. For every Henry Ford, how many workers did it take to produce "his" wealth? For every Rockefeller, how many workers did it take to produce "his" wealth? For every Carnegie, how many workers did it take to produce "his" wealth? Pick one hundred other names and the question is the same. And the answer remains the same. They are legion.

    The system was rigged in their favor and they exploited it and exploited the vast majority of those who worked for them. Your wiseguy sarcastic comment about me not knowing history really cannot be that totally ignorant. Certainly you are not that ideologically sheltered not to know that all historians are not working for the Cato Institute and that there are views of history from very highly educated and respected people that differ radically and substantially with yours.

    There seems to be a trend here among some right wingers to castigate and excoriate the intelligence of progressives simply because such folks have the bald faced temerity to take a different view of things. Mea culpa mea culpa mea maxima culpa.
    Last edited by haymarket; 12-05-10 at 09:45 PM.
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  2. #42
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    Re: Delaying Tax Vote Could Crash Stock Market

    Quote Originally Posted by TurtleDude View Post
    because dividends are double taxed.
    I agree, but the better solution to that is to eliminate/reduce the corporate tax and have dividends taxed at the normal income rate.
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  3. #43
    warrior of the wetlands
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    Re: Delaying Tax Vote Could Crash Stock Market

    Quote Originally Posted by Kandahar View Post
    I agree, but the better solution to that is to eliminate/reduce the corporate tax and have dividends taxed at the normal income rate.
    that is an honest position though I oppose progressive tax rates. But at least you do understand that dividends are taxed twice and when some whine about the 15% rate they ignore the almost 40% cut that has already been taken out



  4. #44
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    Re: Delaying Tax Vote Could Crash Stock Market

    Why would people rush to pull out their investments before a tax hike? That just doesn't make any sense. [/sarcasm]
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

  5. #45
    Outer space potato man

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    Re: Delaying Tax Vote Could Crash Stock Market

    Quote Originally Posted by ksu_aviator View Post
    Why would people rush to pull out their investments before a tax hike? That just doesn't make any sense. [/sarcasm]
    Seeing as how the "crash" will be caused by people just pulling stocks from the market to avoid taxes, the actual value and strength of the companies isn't actually changing, so the "real" value of the stock would still be the same. Smart investors will see that those stocks are undervalued after the "crash" and pick them up for a tidy profit.

    Of course, I think calling it a "crash" grossly overestimates the magnitude of what might happen.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  6. #46
    Steve
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    Re: Delaying Tax Vote Could Crash Stock Market

    Quote Originally Posted by American View Post
    link


    This should be a wake up call to every lover of American liberty that we need to put the Democrats out of business permanently. There is not doubt that their behavior for last two years, and especially after the latest election, they have no love for their country. The lying, the corruption and the disrespect for the vote; they need to go. They know that this can happen, and want everyone's retirement to get ****ed up, so they can hash more savior plans to make people dependent on government.
    On the contrary, it is an opportunity to make money. When the market crashed in 2008, I raised my weekly contribution into my 401K, and it looked pretty nice a year later when we were at about DOW 10,000 again. Why would you begrudge a small time capitalist like me the fruits of a market drop? Are you some kind of socialist?

    But the market won't crash, and one of the guarantees of that is when people like you believe such a thing will happen.
    Do not write in this space!

  7. #47
    Steve
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    Re: Delaying Tax Vote Could Crash Stock Market

    Quote Originally Posted by independent_thinker2002 View Post
    Yes, I agree.

    A one party "final solution" dictatorship is what this democracy needs.

    Round up the liberals and put them in labor camps before it's too late!
    At least that will get the socialistsumbeeches working.
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  8. #48
    I invented Human Nature
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    Re: Delaying Tax Vote Could Crash Stock Market

    Quote Originally Posted by tryreading View Post
    At least that will get the socialistsumbeeches working.
    Yes. Apparently certain political ideologies are for lazy people and some are for the industrious
    Don't tread on me= Don't tread on my corporate masters

  9. #49
    Sage

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    Re: Delaying Tax Vote Could Crash Stock Market

    Quote Originally Posted by Z3n View Post
    Yes. Apparently certain political ideologies are for lazy people and some are for the industrious
    Once that would have been an absurd statement.

  10. #50
    Steve
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    Re: Delaying Tax Vote Could Crash Stock Market

    Quote Originally Posted by Z3n View Post
    Yes. Apparently certain political ideologies are for lazy people and some are for the industrious
    You know I was kidding, right?
    Do not write in this space!

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