Taxes and the Economy

[malyla]

I own Jaguar mining (JAG) in silver - other than that I'm trying to turn my coal positions into diamonds. If Bernanke floats a QE3 commodities will rip.

But isn't QE1-2 and possible QE3 a handout from the federal government and tax payers to wall street and the banks? Aren't we suppose to be against entitlements including the newest one that is designed to 'float' the market but did nothing for the economy?

Oh yea, Jon Stewart said it best... "See, this is the problem with entitlements. They're really only "entitlements" when they're something other people want. When it's something you want, they're a hallmark of a civilized society, the foundation of a great people.
http://garthright.blogspot.com/2011/08/entitlements.html

If we want to get rid of entitlements, lets start with the ones that benefit wall street at the expense of the economy. Then work on the entitlements for those who do not need them like the Bush tax cuts entitlements...

My two cents:D

[Birchtree]

I would be open to a tax reduction in the capital gains rate from 15% to 5% - that would free up many dollars that would enter the economy. People who invest take the risk to help capitalism realizing that risk is inherent. Section 8 people take no risks - just holding their hands open for the bennies. I pay taxes every year while 50% of the population doesn't. Since when is welfare an entitlement.

[malyla]

I would be open to a tax reduction in the capital gains rate from 15% to 5% - that would free up many dollars that would enter the economy. People who invest take the risk to help capitalism realizing that risk is inherent. Section 8 people take no risks - just holding their hands open for the bennies. I pay taxes every year while 50% of the population doesn't. Since when is welfare an entitlement.

Why do 50% of the population not pay taxes... because they are poor. We have a wealth disparity in this country which makes us the worst western country in the world and only marginally better than Uganda. We are 64th on the Income equality chart.


"Yeah, we don't want to tax the wealthy, because it just isn't worth it (even though giving them those tax cuts got us into this mess in the first place). Instead, we want to tax the poor. Because that's where the money... isn't, I guess."
http://garthright.blogspot.com/2011/08/world-of-class-warfare.html

[Birchtree]

Well let's hope your kids get to go to a public K12 where all the illegitimates hang out - then you may see the light. Better still let's bus your kids out of your nice neighborhood into a school zone away from your neighborhood - all for the benefit policy of racial parity. See how much they learn.

[Birchtree]

Come back malyla and tell me why Kansas City recently closed 26 inner city schools and why Detroit is doing the same thing. If you don't know I'll gladly explain it to you as a courtesy. It's another liberal policy failure as a hint related to taxes.

[wwwtractor]

http://www.wreg.com/news/wreg-memphis-school-start-delayed,0,4572948.story Memphis closes schools
(http://www.wreg.com/news/wreg-memphis-school-start-delayed,0,4572948.story)

[tsptalk]

Moved the above discussion from a Gold and Silver thread.

[CountryBoy]

Got in too late to talk PM's and mining stocks.

[clester]

I would be open to a tax reduction in the capital gains rate from 15% to 5% - that would free up many dollars that would enter the economy. People who invest take the risk to help capitalism realizing that risk is inherent. Section 8 people take no risks - just holding their hands open for the bennies. I pay taxes every year while 50% of the population doesn't. Since when is welfare an entitlement.
Sounds like it all about you. Greed is good, huh?

[Birchtree]

Greed is very good as long as it is earned - and I don't mean bennies from the earned income tax credit program, which is another socialist giveaway.

[SteelSaving]

Come back malyla and tell me why Kansas City recently closed 26 inner city schools and why Detroit is doing the same thing. If you don't know I'll gladly explain it to you as a courtesy. It's another liberal policy failure as a hint related to taxes.

Don't get me started on the earnings tax. KC, MO is getting everything it deserves for itself.

[Boghie]

Birch,

All 'The Black Swan Event President' needs to do is to stop threatening tax increases and regulation 'enhancements'. The current rates are more than fair. Those rates led to an expansion in the mid-2000's and revenue of almost $2.6 Trillion in FY2007. Absolutely no rich b@st@rdes are going to put money at risk when he/she spots the Black Swan high up in the air.


BTW, I'm with Malyla on Wall Street welfare. Please, NO MORE Qualitative Easing - by any name.

[Boghie]

Birch,

All 'The Black Swan Event President' needs to do is to stop threatening tax increases and regulation 'enhancements'. The current rates are more than fair. Those rates led to an expansion in the mid-2000's and revenue of almost $2.6 Trillion in FY2007. Absolutely no rich b@st@rdes are going to put money at risk when he/she spots the Black Swan high up in the air.


BTW, I'm with Malyla on Wall Street welfare. Please, NO MORE Qualitative Easing - by any name.

BTW, Lovers of President Clinton, the final 'W' tax revenue was about $120 Billion more inflation adjusted than Clintons final revenue stream.

[clester]

Greed is very good as long as it is earned - and I don't mean bennies from the earned income tax credit program, which is another socialist giveaway.
Don't we have work houses for those? Bah humbug!

[Warrenlm]

Since this is the non structured thread, I'll pass on a story from a 17 year old. He called into the Limbaugh program and something he just casually mentioned, just a routine thing to him, sparked Limbaugh's interest. He casually mentioned that he was home schooled because his mom had taken him out of public school. He had been transferred into an "ESL" class in mathematics and his mom noticed his progress being less than she wanted. He spoke English as if it was his First language. It was. He had been transferred into the class, English as a Second Language, as other native English speakers had, in an effort to balance out the class and help the non-English speakers. He just noted it, only Limbaugh recognized its impact.

Now that's an education system designed to compete with China and Brazil and India. Indeed. Loonies, dogooders, bussers, bring down some to bring up others are in charge of education. Just like taxes. The money is in the middle class and it's being redistributed from upper to lower while the demagogues lead the masses.

[Sensei]

Since this is the non structured thread, I'll pass on a story from a 17 year old. He called into the Limbaugh program and something he just casually mentioned, just a routine thing to him, sparked Limbaugh's interest. He casually mentioned that he was home schooled because his mom had taken him out of public school. He had been transferred into an "ESL" class in mathematics and his mom noticed his progress being less than she wanted. He spoke English as if it was his First language. It was. He had been transferred into the class, English as a Second Language, as other native English speakers had, in an effort to balance out the class and help the non-English speakers. He just noted it, only Limbaugh recognized its impact.

Now that's an education system designed to compete with China and Brazil and India. Indeed. Loonies, dogooders, bussers, bring down some to bring up others are in charge of education. Just like taxes. The money is in the middle class and it's being redistributed from upper to lower while the demagogues lead the masses.

Well, I've never worked in a school that offers ESL math classes, but I suppose it could be out there. Public education in the U.S. definitely places its focus on the lower quartile, at the expense of the upper one. We then also try to force college down everyone's throat, although theoretically half the world's population has a double digit IQ. In that case, is college really for everyone? I think many European countries are similar to Japan in that high school is not compulsory - one needs to take a test to gain entrance, and there are varying degrees of rigor. Some are designed to get you into college, others to teach you a skill so you can enter the workforce at age 18. I think we ought to take a look at that type of system.

What does this have to do with taxes & the economy? I guess our taxes fund education, which ultimately shapes our economy.:)

[clester]

Well, I've never worked in a school that offers ESL math classes, but I suppose it could be out there. Public education in the U.S. definitely places its focus on the lower quartile, at the expense of the upper one. We then also try to force college down everyone's throat, although theoretically half the world's population has a double digit IQ. In that case, is college really for everyone? I think many European countries are similar to Japan in that high school is not compulsory - one needs to take a test to gain entrance, and there are varying degrees of rigor. Some are designed to get you into college, others to teach you a skill so you can enter the workforce at age 18. I think we ought to take a look at that type of system.

What does this have to do with taxes & the economy? I guess our taxes fund education, which ultimately shapes our economy.:)
Good topic. I agree with the college track only comment. In Tennessee, we went from 2 tracks (vocational and college) to just college track. I agree that college is not for everyone and we shouldn't force it. The vocational track needs more emphasis on math, electronics and computers because that's what employers need. Tennessee now makes all students take 4 years of math and science. The math classes have to be alga 1, alg 2, and geometry plus one upper level elective. These things will cause more drop outs because the kids will give up. At least IMO .

Research indicates that mixed classes are good for all. That means esl, handicapped and etc. The students scores dropping off may not be solely due to being with esl students. That's why it's done. I'm not sure I agree.

[clester]

Since this is the non structured thread, I'll pass on a story from a 17 year old. He called into the Limbaugh program and something he just casually mentioned, just a routine thing to him, sparked Limbaugh's interest. He casually mentioned that he was home schooled because his mom had taken him out of public school. He had been transferred into an "ESL" class in mathematics and his mom noticed his progress being less than she wanted. He spoke English as if it was his First language. It was. He had been transferred into the class, English as a Second Language, as other native English speakers had, in an effort to balance out the class and help the non-English speakers. He just noted it, only Limbaugh recognized its impact.

Now that's an education system designed to compete with China and Brazil and India. Indeed. Loonies, dogooders, bussers, bring down some to bring up others are in charge of education. Just like taxes. The money is in the middle class and it's being redistributed from upper to lower while the demagogues lead the masses.
So she can teach him senior level math? I doubt It. I am glad that she was involved enough to care. I wonder if she communicated with the teacher about his progress. I bet there is more to the story. Be careful about making conclusions without all the facts.