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Thread: Obama budget resurrects rejected tax increases

  1. #151
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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by TurtleDude View Post
    I wonder why the left fixates on an extremely small number of people and try to use them as a prototype for every capitalist or top two percent tax payer. "exploit" is a loaded term and essentially dishonest when applied to such people
    I would disagree. Derivatives trading clearly gets murky and is in general, sort of dirty. Much of it involves trading with out ever having a dime to back it up (short sales) and then hedging your short sales with put or call options. Basically, there is a giant group of people who make money off of money/goods they never owned by swapping it around and gambling.

    Unfortunately, these people can use math to hedge their bets and minimize losses causing it to not really be gambling anymore. Long story short... what exactly do they contribute to society? I am not sure, but they are exploiting a loop hole in our stock exchange and making tons of money off of it.

    *Edit:

    Have you heard of Market Makers? These people get to buy stock at cheaper prices and then sell them at higher prices (like immediately and in broad daylight). They are the ultimate middle men. How do I get into that field?
    Last edited by whysoserious; 02-18-11 at 01:27 AM.

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by TurtleDude View Post
    how does the middle class subsidize the wealthy when the wealthiest 5% pay more of the federal income and death taxes than the rest of the nation?

    more dishonesty on your part
    Because of the fact that the top 20% income earners own 85% of the wealth in the country. For there to be equal taxation tham the top 20% should pay 80% of the taxes.
    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

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by whysoserious View Post
    I would disagree. Derivatives trading clearly gets murky and is in general, sort of dirty. Much of it involves trading with out ever having a dime to back it up (short sales) and then hedging your short sales with put or call options. Basically, there is a giant group of people who make money off of money/goods they never owned by swapping it around and gambling.

    Unfortunately, these people can use math to hedge their bets and minimize losses causing it to not really be gambling anymore. Long story short... what exactly do they contribute to society? I am not sure, but they are exploiting a loop hole in our stock exchange and making tons of money off of it.

    a semantics battle. anyone forcing you or others to do business with them?

    and btw I opposed the games some of them played by pretending their commissions were actually capital gains rather than earned income



  4. #154
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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by TurtleDude View Post
    the facts you post don't make your opinions right
    No they just lend more credibility to one's opinion. You should try it sometime!
    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

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by Catawba View Post
    Because of the fact that the top 20% income earners own 85% of the wealth in the country. For there to be equal taxation tham the top 20% should pay 80% of the taxes.
    why? they don't use 80% of the stuff the taxes pay for

    where do you get off saying that taxes should be based on ability to pay rather than what you use?

    you seem ignorant of the problems that are created when some who due to their own fault (or not) cannot pay for stuff and demand others do it for them

    WHAT INCENTIVE DOES SOMEONE HAVE TO CUT BACK ON RECKLESS SPENDING WHEN THEY GET BENEFITS FROM THE SPENDING YET DO NOT PAY FOR IT?



  6. #156
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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by TurtleDude View Post
    dislike has nothing to do with it

    and teachers are a dime a dozen

    its called reality

    its an easy profession to enter

    that's why the pay is not very high

    like or dislike has nothing to do with it
    I disagree. Many of the Math education students take some of the very same Math classes I do. I know they have to make it through Calc IV, Linear Algebra and Matrices, Abstract Algebra and Proofs, and Probability and Statistic (and this is the calculus based Prob and Stat course). I can't vouch for other teachers, but those classes are each harder than any business course.

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by Catawba View Post
    No they just lend more credibility to one's opinion. You should try it sometime!
    great-let us-YOU AND I compare

    academic credentials

    professional success

    and taxes paid

    you game/ You don't even list your trade or profession in your profile



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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by whysoserious View Post
    I disagree. Many of the Math education students take some of the very same Math classes I do. I know they have to make it through Calc IV, Linear Algebra and Matrices, Abstract Algebra and Proofs, and Probability and Statistic (and this is the calculus based Prob and Stat course). I can't vouch for other teachers, but those classes are each harder than any business course.
    we are talking grade and high school teachers

    did you know that some of the best colleges in the country don't even have education departments?



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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by TurtleDude View Post
    why? they don't use 80% of the stuff the taxes pay for
    Yes, they do.

    where do you get off saying that taxes should be based on ability to pay rather than what you use?
    That's not what I said. The intention of our forefathers when they set up the progressive tax system was to establish equitable tax rates.


    you seem ignorant of the problems that are created when some who due to their own fault (or not) cannot pay for stuff and demand others do it for them
    I'm aware of your "opinion" on the causes. However, you ignore the trillions of dollars in waste from our unfunded wars and tax cuts for the rich.

    WHAT INCENTIVE DOES SOMEONE HAVE TO CUT BACK ON RECKLESS SPENDING WHEN THEY GET BENEFITS FROM THE SPENDING YET DO NOT PAY FOR IT?

    Exactly, if the rich did not have the benefit of paying less than their fair share of taxes, perhaps they wouldn't support increasing our debt by trillions of dollars for unfunded wars.
    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

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by TurtleDude View Post
    great-let us-YOU AND I compare

    academic credentials

    professional success

    and taxes paid

    you game/ You don't even list your trade or profession in your profile

    No one is doubting your credibility as a braggart! Now do you have any facts to back up your point of view?
    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

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