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

Redress said:
Sure it can. If the government invests it's tax revenues in high return investments, it would show a profit.

Let me simplify this for you: Profit = revenue - expenses. So in it's simplest form, the government could show a profit(which in this case would be called a surplus, but really is a profit) simply by lowering costs and increasing revenue by a large enough margin.

Now, let's make this a bit more complicated. Government wants to increase revenue, but without raising tax rates. One way to do this is to increase the tax base. Adding improvements that increase property values would then increase the income from property taxes. Every one wins. The government brings in more money, people have more money, and wealth is created.
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I'm still laughing about this! You mean that you increase property values, then turn around and tax the increase and you call that creating wealth? I can't even finish my beer, I'm laughing so much.

You're a prime example of why Libbos should never, ever be in government.
 
apdst said:
I'm still laughing about this! You mean that you increase property values, then turn around and tax the increase and you call that creating wealth? I can't even finish my beer, I'm laughing so much.

You're a prime example of why Libbos should never, ever be in government.
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What part is wrong? Is the government not getting increased revenue? Are the people whose property values went up not worth more? You should laugh less and think more.
 
Redress said:
What part is wrong? Is the government not getting increased revenue? Are the people whose property values went up not worth more? You should laugh less and think more.
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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.
 
apdst said:
Well, if it's so easy for the government to create wealth, why hasn't it ever worked in the history ofthe modern world and what the hell's taking so long to get it started this time around? Why don't you geniuses educate us on those two items. Thanks in advance.

oh yeah, where is the money going to come from?
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Fail:

http://www.debatepolitics.com/break...ng-246-436-per-new-job-36.html#post1058419041

http://www.debatepolitics.com/break...ng-246-436-per-new-job-36.html#post1058419028

http://www.debatepolitics.com/break...ng-246-436-per-new-job-36.html#post1058419042

http://www.debatepolitics.com/break...ng-246-436-per-new-job-36.html#post1058419046

There's little point in talking to someone who asks for examples, gets them and then pretends they don't exist.
 
apdst said:
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.
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He pays those taxes with after-tax money he earned working. So he gets taxed twice.
 
louisiana purchase?

LOL!

now, that's the ticket

we need to find us all a new louisiana

to purchase!

this is the funniest thread i recall seeing on this usually fine forum

govt investing its revenues in hi return yields

afterall, P = R - E

R > E implies P

and EVERYONE WINS!

LOL!

voila! wealth!

the foundations of supply side...

nil and nonsense
 
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American said:
He pays those taxes with after-tax money he earned working. So he gets taxed twice.
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Actually, he gets taxed five times: State income tax, Federal income tax, property tax, social security and medicare.

See all that wealth the governmnt is creating? :rofl
 
obvious Child said:
That is the fundamental basic premise of supply side economics. Christ sakes, do you understand anything?
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You need to stop embarressing yourself and work on explaining the tactical transition from the Air/Land Battle Doctrine to assymetrical warfare.
 
apdst said:
Actually, he gets taxed five times: State income tax, Federal income tax, property tax, social security and medicare.

See all that wealth the governmnt is creating? :rofl
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What does this have to do with the stimulus?

What does it mean to create wealth? How is it done? How do you know when you have wealth?
 
misterman said:
What does this have to do with the stimulus?

What does it mean to create wealth? How is it done? How do you know when you have wealth?
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It's simple, if I make $30,000 dollars one year, then make $40,000 the next year, wealth has been created. Not once, since I've been in the private sector has any government money created wealth for me.
 
misterman said:
What does this have to do with the stimulus?

What does it mean to create wealth? How is it done? How do you know when you have wealth?
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LOL, next thing he will claim is that the highway system is not a form of "wealth".
 
apdst said:
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.
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When the value of your assets increases, that is an increase in wealth. This is elementary stuff. You are embarrassing yourself now.
 
Redress said:
When the value of your assets increases, that is an increase in wealth. This is elementary stuff. You are embarrassing yourself now.
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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??
 
apdst said:
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??
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Only if the tax rate is 100 %, otherwise the property owner is ahead.
 
apdst said:
You need to stop embarressing yourself and work on explaining the tactical transition from the Air/Land Battle Doctrine to assymetrical warfare.
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lol. It's amusing how you rejected Reagan's supply side economics.

Still pretending that government can't create wealth eh?
 
apdst said:
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??
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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.
 
Redress said:
Only if the tax rate is 100 %, otherwise the property owner is ahead.
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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.
 
obvious Child said:
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.
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You working on those tactical doctrines? You need to be.
 
apdst said:
It's simple, if I make $30,000 dollars one year, then make $40,000 the next year, wealth has been created.
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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.
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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.
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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.
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Actually you can. Heard of a home equity loan?

And Apdst fails once again.
 
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