So how would YOU fix the economy, submitter?

tchamber: So how would YOU fix the economy, submitter?

Lower capital gains taxes! Lower capital gains taxes!

Subby: Pelosi: Oh noes. Air-dropping pallets of $100 bills on Democratic special interest groups didn't revive the economy. (Pause) We need to do it again

How about we give this one more than a couple weeks to work, Nance.

People deserve to be poor.

This country has flaunted bloated excess for too long.

It's time to learn how to struggle.

Put down the sausage pizza and Coronas, Fark. Time to do some pushups and prepare for the struggle.

Time to turn that white collar brown.

DaShredda: People deserve to be poor.

This country has flaunted bloated excess for too long.

It's time to learn how to struggle.

Put down the sausage pizza and Coronas, Fark. Time to do some pushups and prepare for the struggle.

Time to turn that white collar brown.

I nominate YOU to lead the way. I'll be right behind you. No, really, I will. Right behind you, I swear.

/that's the problem with tightening belts and rolling up sleeves and nobly suffering, no one ever wants to lead

Shostie: How about we give this one more than a couple weeks to work, Nance.

Oh, hush. This is not the time for restraint. This is time to loot the public fisc while they are stunned into complacency and hope they forget about it by the next election cycle.

Shut up Nancy. Damn she has to be the least incompetent person to ever sit in that chair. Why we take advice from her is beyond me.

sullyman: Shut up Nancy. Damn she has to be the least incompetent person to ever sit in that chair. Why we take advice from her is beyond me.

Okay most incompetent. I am incompetent today.

sullyman: Shut up Nancy. Damn she has to be the least incompetent person to ever sit in that chair. Why we take advice from her is beyond me.

"least incompetent?"

ROTFLMAO - you fail at failing!

Subby, you don't know what was in the bailout bill or how much.

And TFA: 1) eliminate capital-gains taxes so that the income tax would be transformed into a de facto consumption tax that encourages investment

It's so easy to spot a Republican. Cap gains rate cuts primarily benefit the very wealthy. Yes, anyone invested gets something out of it, but the wealthy derive most of their incomes from investments, so the rate cuts there are why, for example, Warren Buffet pays a lower effective tax rate than his secretary.

I said this in another thread that went red, so I'll say it again.

Nobody likes Pelosi or Reid so who cares what they think? They are incompetent at best.

patrick767: It's so easy to spot a Republican. Cap gains rate cuts primarily benefit the very wealthy. Yes, anyone invested gets something out of it, but the wealthy derive most of their incomes from investments, so the rate cuts there are why, for example, Warren Buffet pays a lower effective tax rate than his secretary.

Moreover, it's ostensibly being cut in order to stimulate investment. However, we don't have a shortage of investors. We have a shortage of demand.

It doesn't matter how much money is being invested in a company. If there aren't enough people buying the product, it won't survive.

Highway construction in Oklahoma is a Democratic special interest group?

Subby, if the stimulus money went to blue states only, you'd have a point. It didn't, and you don't.

patrick767: Cap gains rate cuts primarily benefit the very wealthy

You know...people keep chanting that mantra, but in when I lost my last job I had to sell some investments while I was getting established in another. I took a pretty big hit. Bear in mind that I have never grosses over $100K and that was probably one of the lowest income years that I had in some time (or since).

I made those investments not only for a long term goal like retirement but also for emergencies. Once again another fine example of how the intended target of punitive taxation is not who gets hurt.

As Barack is my witness, I thought $100 bills could fly.

what_now: Highway construction in Oklahoma is a Democratic special interest group?

Subby, if the stimulus money went to blue states only, you'd have a point. It didn't, and you don't.

They're just building the NAFTA super highway...

tchamber: So how would YOU fix the economy, submitter?

$1,000,000,000,000 to poor working people like Paris Hilton, duh.

The only plan the Republicans have is tax cuts for the rich. They don't have any other plan. Period.

what_now: Highway construction in Oklahoma is a Democratic special interest group

I got to thinking about the sudden need for massive amounts of highway construction and repair that the stimulus is so chock full of. Didn't the Safe, Accountable, Flexible, Efficient Transportation Equity Act of 2005 address most of these problems?

Exodus2001: The only plan the Republicans have is tax cuts for the rich. They don't have any other plan. Period.

Sooo...the roles have switched. Party of no ideas and the party of bad ideas.

And no, the plan is not tax cuts for the rich..alone. Its also DON'T SPEND US INTO A WORSE SITUATION!!!! (not that they can't help but take advantage of the earmark opportunities)

Dancin_In_Anson: I made those investments not only for a long term goal like retirement but also for emergencies. Once again another fine example of how the intended target of punitive taxation is not who gets hurt.

Oh, you've got an anecdote. How convincing.

Alternatively,

House Speaker Nancy Pelosi said Tuesday she is open to introducing a second stimulus bill, but it's too early to determine the size of such a package and the timing on another major economic measure. "We have to keep the door open to see how it goes," Pelosi told reporters Tuesday following a House Democratic Steering and Policy Committee hearing on the economy.

Seems sort of a reasonable statement, but I guess you could use that to fuel your Conservative Outrage if you were bored.

Dancin_In_Anson: You know...people keep chanting that mantra, but in when I lost my last job I had to sell some investments while I was getting established in another. I took a pretty big hit. Bear in mind that I have never grosses over $100K and that was probably one of the lowest income years that I had in some time (or since).

I made those investments not only for a long term goal like retirement but also for emergencies. Once again another fine example of how the intended target of punitive taxation is not who gets hurt.

If you have a car, a TV and a house you are very wealthy. Or if you can waste money on stocks.

Keep on dancing Nancy. I'm still not stimulated.

/ same as it ever was ...

tchamber: So how would YOU fix the economy, submitter?

I'm not submitter, but moving taxes from labor and capital to land^* would be a trillion dollar stimulus package per year.

(Calculations are at the bottom of page -- admittedly, the figures are a bit rough, but the amount would be quite significant, without increasing the size of the budget deficit.)

^*Land being one of the factors of production in classical economics, or quoting Wikipedia, "land comprises all naturally occurring resources whose supply is inherently fixed such as any and all particular geographical locations, mineral deposits, and even geostationary orbit locations and portions of the electromagnetic spectrum. It is natural resources that are used to make goods and services."

tchamber: So how would YOU fix the economy, submitter?

Whining defensively?

Funny headline.

hillbillypharmacist: Oh, you've got an anecdote. How convincing.

I figured that I would get some of that. I guess that's one way of convincing yourself that it either doesn't, didn't or couldn't happen.

Dancin_In_Anson: I guess that's one way of convincing yourself that it either doesn't, didn't or couldn't happen.

I don't have to convince myself that it excludes all taxation from the impoverished, such as yourself. Merely that the vast majority of capital gains taxes comes from the wealthy.

DaShredda: People deserve to be poor.

This country has flaunted bloated excess for too long.

It's time to learn how to struggle.

Put down the sausage pizza and Coronas, Fark. Time to do some pushups and prepare for the struggle.

Time to turn that white collar brown.

That was the formula for success in France in 1790 and Russia in 1917

hillbillypharmacist: I don't have to convince myself that it excludes all taxation from the impoverished, such as yourself.

Not impoverished, just smart enough to provide myself with an emergency cushion.

hillbillypharmacist: Merely that the vast majority of capital gains taxes comes from the wealthy.

A collateral damage kind of thing eh?

tchamber: So how would YOU fix the economy, submitter?

Direct more of the stimulus concepts to the private sector, where the economy will actually see growth, rather than the public sector where the biggest grown lately has been the skyrocketing union membership.

/not submitter

Dancin_In_Anson: A collateral damage kind of thing eh?

Yup. Unless you're proposing an even more complicated and bureaucratic system to have different capital gains taxes depending upon income. Which I wouldn't be opposed to, really.

Dancin_In_Anson
You know...people keep chanting that mantra, but in when I lost my last job I had to sell some investments while I was getting established in another. I took a pretty big hit. Bear in mind that I have never grosses over $100K and that was probably one of the lowest income years that I had in some time (or since).

I already said that everyone who's invested gets some benefit. However most of the benefit goes to the people who derive most of their income from investments, and by and large that's the wealthiest Americans. If it were about tax benefits for the middle class, there are better targeted ways to do that. The cross the board cap gains cut is mainly for the wealthy. It's based in the GOP's obsession with the BS that is "trickle down economics" among other things.

Dancin_In_Anson: I figured that I would get some of that. I guess that's one way of convincing yourself that it either doesn't, didn't or couldn't happen.

Provide proof that cutting taxes and/or cutting spending during a recession is a good thing. I'll be waiting.

hillbillypharmacist: I don't have to convince myself that it excludes all taxation from the impoverished, such as yourself. Merely that the vast majority of capital gains taxes comes from the wealthy.

It's hard to take something if the person does not have it.

GAT_00: Provide proof that cutting taxes and/or cutting spending during a recession is a good thing. I'll be waiting.

I should clarify on cutting taxes: ONLY cutting taxes as the main source of stimulus.

Dancin_In_Anson: Once again another fine example of how the intended target of punitive taxation is not who gets hurt.

So you are biatching about paying a 15% CGT (or 5% if you are in the lowest 2 income tax brackets) instead of paying what you would under whatever income tax you'd normally pay (most likely a higher percentage), or am I reading that wrong?

The Stealth Hippopotamus: t's hard to take something if the person does not have it.

It's all true.

lunchinlewis: Direct more of the stimulus concepts to the private sector, where the economy will actually see growth, rather than the public sector where the biggest grown lately has been the skyrocketing union membership.

Aren't most public works projects subcontracted to the private sector?

hillbillypharmacist: tchamber: So how would YOU fix the economy, submitter?

Lower capital gains taxes! Lower capital gains taxes!

i think what you're trying to say is

hillbillypharmacist: Unless you're proposing an even more complicated and bureaucratic system to have different capital gains taxes depending upon income. Which I wouldn't be opposed to, really.

Because the tax code isn't complicated enough. You must be a tax accountant.

patrick767: However most of the benefit goes to the people who derive most of their income from investments, and by and large that's the wealthiest Americans.

Like I said...I and people like me are just collateral damage.

GAT_00: Provide proof that cutting taxes and/or cutting spending during a recession is a good thing. I'll be waiting.

And that has what to do with the fact that I got hit for a capital gain when I'm not wealthy?

The Onanist: So you are biatching about paying a 15% CGT (or 5% if you are in the lowest 2 income tax brackets) instead of paying what you would under whatever income tax you'd normally pay (most likely a higher percentage), or am I reading that wrong

Your goddamn right I was biatching at the time. I got punished for making a wise decision.

Flab: Aren't most public works projects subcontracted to the private sector?

They threw something in to deal with that too: Link (new window)

Dancin_In_Anson: The Onanist: So you are biatching about paying a 15% CGT (or 5% if you are in the lowest 2 income tax brackets) instead of paying what you would under whatever income tax you'd normally pay (most likely a higher percentage), or am I reading that wrong

Your goddamn right I was biatching at the time. I got punished for making a wise decision.

And one that demonstrably helped the economy. Reducing investment incentives is counterproductive tax strategy.

Dancin_In_Anson: Because the tax code isn't complicated enough.

Precisely.

Taxes can either be simple, and have some people fall through the cracks, or it can be complicated.

You would rather the taxes be simple, which means some people get hit who you think shouldn't. So I don't want to hear any whining about it. Especially when the capital gains tax is probably less than your income taxes.

What is truly sad is that people defend Nancy Pelosi. She is bat shiat crazy.

Nancy Pelosi is a good enough reason to have a Cali tag.

I_C_Weener: Exodus2001: The only plan the Republicans have is tax cuts for the rich. They don't have any other plan. Period.

Sooo...the roles have switched. Party of no ideas and the party of bad ideas.

And no, the plan is not tax cuts for the rich..alone. Its also DON'T SPEND US INTO A WORSE SITUATION!!!! (not that they can't help but take advantage of the earmark opportunities)

By looking at your profile it looks as if you work in a church. Why are Right Wingers complete shills for the rich when Jesus was clearly for the poor? Why is that? It just seems bazaar to me. The facts are on the table and they are undeniable: Ronald Reagan enacted the biggest tax increase in modern history and Republicans are the ones that ran up 90% of this debt. Are you really this delusional? Even if Obama turns things around and pays down the national debt, you guys will still proclaim to be the party of fiscal responsibility. Crazy stuff, man.

Exodus2001: By looking at your profile it looks as if you work in a church. Why are Right Wingers complete shills for the rich when Jesus was clearly for the poor? Why is that? It just seems bazaar to me.

It's like a big, open air market with many goods from lands far and wide for sale? I hadn't thought of it like that.

Dancin_In_Anson: I got punished for making a wise decision.

I'm trying to figure out how you think you were punished, and which wise decision you're talking about.

gizmanjr: What is truly sad is that people defend Nancy Pelosi. She is bat shiat crazy.

Nancy Pelosi is a good enough reason to have a Cali tag.

Most Democrats don't like her or Reid. I personally support Obama and other moderate Democrats. The vast majority of this country would just assume kick them both to the curb. That's the difference between Republicans and Democrats, we don't defend people based on the (R) or (D) behind their name.