If Election held today, Bernie beats Trump

[lustylad]

Originally Posted by Ex-CEO

Wait, what? Did I just read what I thought I read?

Isn't that pretty much the opposite of the Bernie Sanders agenda?

Did you suddenly have some sort of epiphany....

He has multiple personas, remember? One of them is a freelance writer. Another is a traveling salesman.Yet another is a retired internet app creator.

So you mustn't expect any consistency out of Mr. 50-Posts-a-Day - other than a consistent inability to hold an argument.

.

[WombRaider]

Originally Posted by Ex-CEO

Wait, what? Did I just read what I thought I read?

Because it looks like you are more or less agreeing with COG's down-the-line libertarian agenda; something that looks like it's right out of the Ron Paul playbook. Big cuts in pretty much everything, a flat tax, etc. ---- that means buh-bye to most of the social programs progressives support, and big tax cuts for those one-percenters you guys seem to resent so much. Isn't that pretty much the opposite of the Bernie Sanders agenda? I mean, he wants all those fat cats to have to start paying their fair share ... not get a big tax cut!!

Did you suddenly have some sort of epiphany and decide to go all libertarian on us? And just when you had me convinced you were such a kind and benevolent social democrat!

You don't understand nuance. I said I could get behind a lot of it, not all of it. I can like parts of one thing and parts of another. I like the idea of breaking the crony capitalists over the government's knee. I would increase capital gains, because that hits the one percenters where they live. And that is where Bernie wants to hit them. They structure it to where they make peanuts in salary. Capital gains is where its at.

[WombRaider]

Originally Posted by lustylad

He has multiple personas, remember? One of them is a freelance writer. Another is a traveling salesman.Yet another is a retired internet app creator.

So you mustn't expect any consistency out of Mr. 50-Posts-a-Day - other than a consistent inability to hold an argument.

.

I'm a Renaissance man, what can I say. Haters to the left.

[Ex-CEO]

Originally Posted by WombRaider

You don't understand nuance. I said I could get behind a lot of it, not all of it. I can like parts of one thing and parts of another. I like the idea of breaking the crony capitalists over the government's knee. I would increase capital gains, because that hits the one percenters where they live. And that is where Bernie wants to hit them. They structure it to where they make peanuts in salary. Capital gains is where its at.

I understand nuance just fine. What COG posted was a short list of the principle tenets of a libertarian agenda, straight up. You posted that you could get behind "a lot of it." I can only render a judgment based on what you actually posted. If you meant something altogether different, you could have just said so!

This is moot, since thankfully for the US economy, Bernie Sanders will never get his way on tax and economic policy. But, are you not aware that big increases in the capital gains tax rate have been tried before? Go take a look at what happened in the 1970s, when a heavily Democratic post-Watergate congress pushed the rate to 40%. Know what happened next? That backfired, causing realizations and tax revenue to plummet.

The problem for lovers of soaking the rich with high capital gains tax rates is that no one is under compulsion to sell an asset, and is likely to choose not to do so if the AFTER-TAX return isn't particularly attractive.

There's plenty of history to look at here, since the capital gains tax rate has been lowered and raised a number of times over the last half-century. Yeah, I know. Most people don't learn much from history.

[WombRaider]

Originally Posted by Ex-CEO

I understand nuance just fine. What COG posted was a short list of the principle tenets of a libertarian agenda, straight up. You posted that you could get behind "a lot of it." I can only render a judgment based on what you actually posted. If you meant something altogether different, you could have just said so!

This is moot, since thankfully for the US economy, Bernie Sanders will never get his way on tax and economic policy. But, are you not aware that big increases in the capital gains tax rate have been tried before? Go take a look at what happened in the 1970s, when a heavily Democratic post-Watergate congress pushed the rate to 40%. Know what happened next? That backfired, causing realizations and tax revenue to plummet.

The problem for lovers of soaking the rich with high capital gains taxes is that no one is under compulsion to sell an asset, and is likely to choose not to do so if the AFTER-TAX return isn't particularly attractive.

There's plenty of history to look at here, since the capital gains tax rate has been lowered and raised a number of times over the last half-century. Yeah, I know. Most people don't learn much from history.

If it's entirely optional, then why the hue and cry from the one percenters?

[Ex-CEO]

Originally Posted by WombRaider

If it's entirely optional, then why the hue and cry from the one percenters?

Actually, I think the answer to that, at least in large measure, is quite simple.

Most of us like to see capital flow to its highest and best use in relatively uninhibited fashion. To learn more, google "lock-in effect" for capital gains.

But it is also certainly the case that investors find it attractive to sell an asset without having to be concerned over whether the sale occurs in the same tax year as that of a couple of dogs in which they have unrealized losses, so that they can wholly or largely offset the tax generated by the gain.

In other words, having a relatively non-punitive capital gains tax rate simplifies one's life and makes it more fun!

[WombRaider]

Originally Posted by Ex-CEO

Actually, I think the answer to that, at least in large measure, is quite simple.

Most of us like to see capital flow to its highest and best use in relatively uninhibited fashion. To learn more, google "lock-in effect" for capital gains.

But it is also certainly the case that investors find it attractive to sell an asset without having to be concerned over whether the sale occurs in the same tax year as that of a couple of dogs in which they have unrealized losses, so that they can wholly or largely offset the tax generated by the gain.

In other words, having a relatively non-punitive capital gains tax rate simplifies one's life and makes it more fun!

That sounds familiar. I remember one of my guys telling me that I had two years to report it in some cases. I let people smarter than I am deal with that shit.

[lustylad]

Originally Posted by WombRaider

That sounds familiar. I remember one of my guys telling me that I had two years to report it in some cases. I let people smarter than I am deal with that shit.

So you support something you don't understand? Just because you hope it "would hit the one percenters where they live"? You are a fine example of why our politics are so fucked up and dysfunctional.

I don't know if Bernie the Socialist has laid out his tax specifics yet, but Hillary has - and they're plenty ugly. If you want to understand the "lock-in effect" and why it is so damaging, read this:

http://www.wsj.com/articles/hillarys...-in-1437948796

If you have a problem with people who "structure" their income to lower their taxes, then let's tax ordinary income and capital gains at the same rate! Presto - no need to structure! I will go back up to 28% on capital gains if you can find me a single democrat who will go down to the same (top) level on ordinary income. We will meet at 28% - just like that great tax reformer Ronald Reagan did back in 1987.





.

[Budman]

Originally Posted by WombRaider

That sounds familiar. I remember one of my guys telling me that I had two years to report it in some cases. I let people smarter than I am deal with that shit.

That would be anyone.

[WombRaider]

Originally Posted by Budman

That would be anyone.

You know, you don't have to be an asshole all your life. No, it would be people who do that for a living.

[WombRaider]

Originally Posted by lustylad

So you support something you don't understand? Just because you hope it "would hit the one percenters where they live"? You are a fine example of why our politics are so fucked up and dysfunctional.

I don't know if Bernie the Socialist has laid out his tax specifics yet, but Hillary has - and they're plenty ugly. If you want to understand the "lock-in effect" and why it is so damaging, read this:

http://www.wsj.com/articles/hillarys...-in-1437948796

If you have a problem with people who "structure" their income to lower their taxes, then let's tax ordinary income and capital gains at the same rate! Presto - no need to structure! I will go back up to 28% on capital gains if you can find me a single democrat who will go down to the same (top) level on ordinary income. We will meet at 28% - just like that great tax reformer Ronald Reagan did back in 1987.





.

Got to pay to play. We'll be ok. I think we should run it up to 80 percent, like it was back in the day.

I don't understand gravity either, but I know if your fat ass fell off a roof, that shit would take over.

[gnadfly]

Run, Joe, run.

[gary5912]

Originally Posted by WombRaider

How would he make it worse? He would want those jobs filled by american workers. I told you, you don't even know what you're talking about. Bernie doesn't want cheap labor. He wants highly-skilled workers to be paid. Look at the auto industry for fuck's sake. Even the gophers were making bank.

do you ever get tired of letting your alligator mouth overload your parakeet ass, go back and crawl in your gopher hole stupid, the unions and the workers done their selves in in the auto industry

[WombRaider]

Originally Posted by gary5912

do you ever get tired of letting your alligator mouth overload your parakeet ass, go back and crawl in your gopher hole stupid, the unions and the workers done their selves in in the auto industry

Yes, they did. You're quite right. They got too greedy.

[Rey Lengua]

Originally Posted by WombRaider

Got to pay to play. We'll be ok. I think we should run it up to 80 percent, like it was back in the day.

I don't understand gravity either, but I know if your fat ass fell off a roof, that shit would take over.

That's one HELL of an educational system they have up there for you short bus riders in Arkansas ! As many YEARS as you've put in at the 'holes on your knees and you STILL don't understand gravity ? Looks like another symptom of being " punch drunk " from getting "punched" on BOTH ends in all of those stalls all of these years ! Might be time to retire before you have to use that " drool rag " full time there woomby !