Can socialists in this country explain how taxing American corporations/companies more is good?

[Markle]

As for all the loans you list, I have no clue as to how a recent college graduate could accumulate all that debt. The only person who could do such a thing is one with no personal responsibility.

Lets put a typical figure on that debt. Maybe then you can understand it better:

How The $1.2 Trillion College Debt Crisis Is Crippling Students, Parents And The Economy

Two-thirds, that’s right, two-thirds of students graduating from American colleges and universities are graduating with some level of debt. How much? According to The Institute for College Access and Success (TICAS) Project on Student Debt, the average borrower will graduate $26,600 in the red. While we’ve all heard the screaming headlines of graduates with crippling debt of $100,000 or more, this is the case for only about 1% of graduates. That said, one in 10 graduates accumulate more than $40,000.

Overall, the national student debt is 1.2 Trillion!

I know all about the student loan bubble. It will be the next bubble to burst.

"Twenty percent of all federal loan borrowers have defaulted on their loans, according to new data released by the federal government last week. That translates into $121 billion of loans in default. That same data show 40% of all borrowers are not making any payments, and are in some sort of forbearance, delinquency or default.

Default — the worst category — occurs when a borrower hasn't made a payment in more than 270 days."

"This is a slow-moving disaster," Jason Delisle, director of the Federal Education Budget Project at New America, told the Free Press. "Why no hearings on Capitol Hill? Why isn't the administration talking about it more?"

$121B in student loans are in default across U.S.

You left out the auto loans, house loans and others which most do not have. They have these student loans hanging on them making it difficult or impossible for them to borrow even more money.

As with the housing collapse, student loans are going to collapse for the same reason. They made them too easy to obtain with unreal repayment plans.

Those easy student loans have caused the cost of tuition to skyrocket.

 

[Markle]

Here in NY- 0.00% Sorry about your red state shytte, dupes.

Really, 0.00% increase for Obamacare for New York...? Really?

Come 2017, thousands of New York's Obamacare users will wake up to double-digit premium hikes, the latest group of consumers affected by Affordable Care Act cost increases as insurers hemorrhage money from healthcare exchanges.

In a statement on Friday announcing 2017 premiums, NY's Department of Financial Services (DFS) said after weighing insurer requests, the state settled on an average hike of 16.6 percent for individual exchange users in the state, while small group users will see a lower average increase of over 8 percent.

Thousands of New Yorkers on the verge of double-digit Obamacare premium hikes

You were talking about Obamacare were you not or am I on the wrong subject.

 

[francoHFW]

As for all the loans you list, I have no clue as to how a recent college graduate could accumulate all that debt. The only person who could do such a thing is one with no personal responsibility.

Lets put a typical figure on that debt. Maybe then you can understand it better:

How The $1.2 Trillion College Debt Crisis Is Crippling Students, Parents And The Economy

Two-thirds, that’s right, two-thirds of students graduating from American colleges and universities are graduating with some level of debt. How much? According to The Institute for College Access and Success (TICAS) Project on Student Debt, the average borrower will graduate $26,600 in the red. While we’ve all heard the screaming headlines of graduates with crippling debt of $100,000 or more, this is the case for only about 1% of graduates. That said, one in 10 graduates accumulate more than $40,000.

Overall, the national student debt is 1.2 Trillion!

I know all about the student loan bubble. It will be the next bubble to burst.

"Twenty percent of all federal loan borrowers have defaulted on their loans, according to new data released by the federal government last week. That translates into $121 billion of loans in default. That same data show 40% of all borrowers are not making any payments, and are in some sort of forbearance, delinquency or default.

Default — the worst category — occurs when a borrower hasn't made a payment in more than 270 days."

"This is a slow-moving disaster," Jason Delisle, director of the Federal Education Budget Project at New America, told the Free Press. "Why no hearings on Capitol Hill? Why isn't the administration talking about it more?"

$121B in student loans are in default across U.S.

You left out the auto loans, house loans and others which most do not have. They have these student loans hanging on them making it difficult or impossible for them to borrow even more money.

As with the housing collapse, student loans are going to collapse for the same reason. They made them too easy to obtain with unreal repayment plans.

Those easy student loans have caused the cost of tuition to skyrocket.

Then there's the whole middle class and country going to hell under Reaganist tax rates/policy, toxic GOP college loans, etc etc....no price competition from low priced public U's anymore. Thanks GOP.

 

[Ray From Cleveland]

Then there's the whole middle class and country going to hell under Reaganist tax rates/policy, toxic GOP college loans, etc etc....no price competition from low priced public U's anymore. Thanks GOP.

 

[francoHFW]

Here in NY- 0.00% Sorry about your red state shytte, dupes.

Really, 0.00% increase for Obamacare for New York...? Really?

Come 2017, thousands of New York's Obamacare users will wake up to double-digit premium hikes, the latest group of consumers affected by Affordable Care Act cost increases as insurers hemorrhage money from healthcare exchanges.

In a statement on Friday announcing 2017 premiums, NY's Department of Financial Services (DFS) said after weighing insurer requests, the state settled on an average hike of 16.6 percent for individual exchange users in the state, while small group users will see a lower average increase of over 8 percent.

Thousands of New Yorkers on the verge of double-digit Obamacare premium hikes

You were talking about Obamacare were you not or am I on the wrong subject.

LAST year, those are new. That's because our health system is STILL a GOP scam until it isn't. Get out of the way.

 

[francoHFW]

Then there's the whole middle class and country going to hell under Reaganist tax rates/policy, toxic GOP college loans, etc etc....no price competition from low priced public U's anymore. Thanks GOP.

Any actual argument? See sig PP 1

 

[francoHFW]

Then there's the whole middle class and country going to hell under Reaganist tax rates/policy, toxic GOP college loans, etc etc....no price competition from low priced public U's anymore. Thanks GOP.

Any actual argument? See sig PP 1

Something about students graduating and few good jobs, dupe? Anything to save the greedy idiot GOP rich from paying their fair share. And thanks for the corrupt world depression. When does the middle class get a break, dupe? Tell us how lazy kids are these days lol...

 

[Ray From Cleveland]

Any actual argument? See sig PP 1

Again, nobody looks at your stupid sigs. And what's the point of arguing when you always go back to Reagan and the GOP? You have no argument other than your bogus generalizations. It's like trying to debate a drunk; they simply say the same thing over and over and over and over again.

 

[Markle]

Most Americans have less than $1,000 in savings
By Quentin Fottrell
Published: Dec 23, 2015 10:01 a.m. ET


And over 20% don’t even have a savings account

Justin Sullivan/Getty Images
For the majority of Americans, these are empty.
Americans are living right on the edge — at least when it comes to financial planning.

Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey for personal finance website GOBankingRates.com. “It’s worrisome that such a large percentage of Americans have so little set aside in a savings account,” says Cameron Huddleston, a personal finance analyst for the site. “They likely don’t have cash reserves to cover an emergency and will have to rely on credit, friends and family, or even their retirement accounts to cover unexpected expenses.”




Where these workers getting the money to open this business ray ray? Will you lend them money?

but they can pony up their money to buy a business and have it strictly operated by them.

Simple, they can do the same as the owner of the business they work for now did.

Live below their means, scrimp, save, work two or three jobs. Develop a business plan, go to a bank and borrow against your house and your future. That's all there is to it and you too can own your own business.

 

[francoHFW]

Any actual argument? See sig PP 1

Again, nobody looks at your stupid sigs. And what's the point of arguing when you always go back to Reagan and the GOP? You have no argument other than your bogus generalizations. It's like trying to debate a drunk; they simply say the same thing over and over and over and over again.

Yes, the truth again and again, dupe. You go on and on blaming individuals for a huge GOP mess. My sig is pure fact. Especially PP1. Great job, Pubs and silly chumps like you.

 

[Ray From Cleveland]

Simple, they can do the same as the owner of the business they work for now did.

Live below their means, scrimp, save, work two or three jobs. Develop a business plan, go to a bank and borrow against your house and your future. That's all there is to it and you too can own your own business.

Absolutely. Or you can learn a trade like plumbing, carpentry, home remodeling, electrician, HVAC, bricklaying, and then you can work for yourself like so many other people do. Not much investment other than tools (which you would probably need to buy even if you worked for somebody else) and perhaps some ads in the newspaper.

 

[Ray From Cleveland]

Yes, the truth again and again, dupe. You go on and on blaming individuals for a huge GOP mess. My sig is pure fact. Especially PP1. Great job, Pubs and silly chumps like you.

Troll [trohl]

7. Digital Technology. Informal.

1. to post inflammatory or inappropriate messages or comments on(the Internet, especially a message board) for the purpose of upsetting other users and provoking a response.
2. to upset or provoke (other users) by posting such messages or comments.

the definition of troll

 

[Markle]

You mentioned the CARD Act. Ray correctly pointed out that the CARD act did not lower the costs of borrowing, or eliminate additional fees. It simply lowered the ability to borrow, and increased the costs on the average consumers. You argued with him about that, and you are wrong.

I never said the Credit Card Act lowered the costs of borrowing or that it eliminated additional fees. Ray was standing on a soap box and created that straw man to make it seem that I held a position he could argue against. You two have that skill in common. I can't be wrong about something I never said. I mentioned the Credit Card Act as an adjunct to the premise of reform, nothing more. Ray took off on a tangent that devalued the gains given to consumers and focused on his own perspective about higher fees and less accessibility. Hell, he didn't like it but even YOU agreed that it was a good thing. I wasn't wrong abut that and neither were YOU!

You said:

Obama isn't so dumb. I think he is quite bright and possibly one of our best presidents ever. Yes, he with the help of Congress reduced the abject theft credit card companies were perpetrating upon the American consumers.

and

Poor people generally can't even get credit because they can't qualify for anything more than the usurious rates offered by loan sharks. But some have no choice and they fall into the trap just as their well paid American neighbors do. MIss a payment and even the mainstream credit card companies jack up the rates and report you to one of the three credit bureaus…thereby ruining your credit and hindering you even further.

Reduce abject theft of credit card companies? So increasing interest rates, and annual fees, on all borrowers instead of just those who failed to pay on time, is "reducing abject theft" in your left-wing world?

You said that poor people have no choice in borrowing which is why they fall into these traps, which you claim the CARD Act was needed. Correct?

But I just proved that the result of the CARD Act was to reduce credit to these very people. It didn't reduce costs and fees.... it reduce the credit availability.

You were wrong. Ray, was right.

I wasn't wrong. The abject theft of SOME ( I should have included the term" some" in my original statement but I didn't) credit card companies ( mainly banks) was curtailed by the Credit Card Act. Here are examples of the theft I was talking about:


Safeguards Against Rate Increases

• 
  Under the Credit CARD Act, rate increases aren’t allowed during the first year, and promotional rates need to last at least six months.
• 
  The Act prohibits "double cycle billing," where credit card holders are charged interest on debt that’s paid on time during a grace period.
• 
  It prohibits "universal default," where a lender changes a loan to default terms because the consumer has defaulted on a loan with another lender.
• 
  After the first year, cardholders must be told about major account changes 45 days before they take effect. New rates can’t start until 14 days after the notice is mailed. The cardholder has the option to cancel the account and pay off the balance at the existing rate.
  
  Those four major points of the Credit Card Act did curtail the abject thievery of some credit card entities. I don't care how you twist it, the transparency and pro consumer reforms saved many people a lot of money. I was right. The theft WAS reduced as I said. I did not say it was eliminated!
  
  
  Other restrictions that kept credit card gouging down include:

Improved Billing Practices

• 
  The Credit CARD Act gives consumers 21 days to pay their monthly credit card bills (compared to the former minimum of 14 days).
• 
  Payment due dates must be the same day of each month, and consumers need to be allowed three weeks between the time a bill is mailed and when it’s due.
• 
  Credit card statements need to be in a specific font so they can be read easily.

Fee Restrictions

• 
  In almost all cases, consumers can’t be charged for the method they use to pay their credit card bill.
• 
  The Credit CARD Act limits fees consumers can be charged for spending over their credit limits.
• 
  There are new limits to the fees consumers can be charged on subprime cards (cards with higher rates and fewer rewards).

More Disclosures

• 
  Consumers must be told how long it will take them to pay off a balance if they only make minimum payments.
• 
  Credit card agreements must be made available online.
• 
  Statements need to include the payment due date, the minimum amount due, the ending balance and late fee information.

Protections for People Under 21

• 
  Under the Act, people under 21 will only be able to get a credit card with proof they can make payments on their own, or with the help of an adult co-signer.
• 
  The Act restricts incentives given to students who sign up for credit cards.
  
  The listed items address the "theft" I was referencing. Anything outside of that concerning this exchange is conjectural as well as specious. For example:
  
  

  You said that poor people have no choice in borrowing which is why they fall into these traps, which you claim the CARD Act was needed. Correct?

• I assume poor people, as a rule of thumb, do not have good credit and are lured by subprime credit card offers. The CARD Act limits the fees that can be charged on such cards. I was right again…. My only regret is I allowed you and ray to lure me into this off topic sideshow for so long.

I can not stand this thread title and wish you'd stop being suckered into advancing it.

This is classic Republicans trying to control the message.

Do Republicans think corporations should be tax free like churches?

I am a far right Conservative. I do not believe corporations should be tax-free but the current draconian rate accomplishes nothing but discourage bringing money into the country and moving headquarters and jobs out.

Reduce the corporate tax rate to 10-15% and watch the revenues grow.

 

[Markle]

I wasn't wrong. The abject theft of SOME ( I should have included the term" some" in my original statement but I didn't) credit card companies ( mainly banks) was curtailed by the Credit Card Act. Here are examples of the theft I was talking about:


Safeguards Against Rate Increases

• 
  Under the Credit CARD Act, rate increases aren’t allowed during the first year, and promotional rates need to last at least six months.
• 
  The Act prohibits "double cycle billing," where credit card holders are charged interest on debt that’s paid on time during a grace period.
• 
  It prohibits "universal default," where a lender changes a loan to default terms because the consumer has defaulted on a loan with another lender.
• 
  After the first year, cardholders must be told about major account changes 45 days before they take effect. New rates can’t start until 14 days after the notice is mailed. The cardholder has the option to cancel the account and pay off the balance at the existing rate.
  
  Those four major points of the Credit Card Act did curtail the abject thievery of some credit card entities. I don't care how you twist it, the transparency and pro consumer reforms saved many people a lot of money. I was right. The theft WAS reduced as I said. I did not say it was eliminated!
  
  
  Other restrictions that kept credit card gouging down include:

Improved Billing Practices

• 
  The Credit CARD Act gives consumers 21 days to pay their monthly credit card bills (compared to the former minimum of 14 days).
• 
  Payment due dates must be the same day of each month, and consumers need to be allowed three weeks between the time a bill is mailed and when it’s due.
• 
  Credit card statements need to be in a specific font so they can be read easily.

Fee Restrictions

• 
  In almost all cases, consumers can’t be charged for the method they use to pay their credit card bill.
• 
  The Credit CARD Act limits fees consumers can be charged for spending over their credit limits.
• 
  There are new limits to the fees consumers can be charged on subprime cards (cards with higher rates and fewer rewards).

More Disclosures

• 
  Consumers must be told how long it will take them to pay off a balance if they only make minimum payments.
• 
  Credit card agreements must be made available online.
• 
  Statements need to include the payment due date, the minimum amount due, the ending balance and late fee information.

Protections for People Under 21

• 
  Under the Act, people under 21 will only be able to get a credit card with proof they can make payments on their own, or with the help of an adult co-signer.
• 
  The Act restricts incentives given to students who sign up for credit cards.
  
  The listed items address the "theft" I was referencing. Anything outside of that concerning this exchange is conjectural as well as specious. For example:
  
  
• I assume poor people, as a rule of thumb, do not have good credit and are lured by subprime credit card offers. The CARD Act limits the fees that can be charged on such cards. I was right again…. My only regret is I allowed you and ray to lure me into this off topic sideshow for so long.

I can not stand this thread title and wish you'd stop being suckered into advancing it.

This is classic Republicans trying to control the message.

Do Republicans think corporations should be tax free like churches?

You've got it wrong.The last several posts weren't advancing the title of the thread at all. But I do sympathize with you. The thread was started by a troll and his troll friends have been desperately trying to keep it alive. I feel ya, bro.

I started another thread, "do Republicans think corporations should pay no taxes" and they're having a hard time admitting it.

Damn it! By replying to you and you me we are advancing this thread. Come find my thread. We control the message not them.

BTW they say corporations should pay 15% and so should everyone. Is that fair? Would it work? Don't reply here. Fuck this thread it bothers the hell out of me. Dumb cons

I know you mean well Sealy but I'm not going to be controlled by ANYBODY, that includes you. I may or may not respond here. Its my choice. But thanks for the support any way. Hope there are no hard feelings.

Not at all. Im asking not telling. Just a suggestion. And i dont really care i just like shutting down right wing threads that push a bullshit premise. In my thread I'm asking if Republicans believe corporations should pay no taxes. See, this thread is bs because we don't want to tax corporations more unless we find out they aren't paying their fair share. We found out GE isn't paying taxes. So Republican idiots, please tell me you don't think ge should pay more than zero.

IF GE paid $10 BILLION in taxes, where would that money come from?

 

[sealybobo]

I can not stand this thread title and wish you'd stop being suckered into advancing it.

This is classic Republicans trying to control the message.

Do Republicans think corporations should be tax free like churches?

You've got it wrong.The last several posts weren't advancing the title of the thread at all. But I do sympathize with you. The thread was started by a troll and his troll friends have been desperately trying to keep it alive. I feel ya, bro.

I started another thread, "do Republicans think corporations should pay no taxes" and they're having a hard time admitting it.

Damn it! By replying to you and you me we are advancing this thread. Come find my thread. We control the message not them.

BTW they say corporations should pay 15% and so should everyone. Is that fair? Would it work? Don't reply here. Fuck this thread it bothers the hell out of me. Dumb cons

I know you mean well Sealy but I'm not going to be controlled by ANYBODY, that includes you. I may or may not respond here. Its my choice. But thanks for the support any way. Hope there are no hard feelings.

Not at all. Im asking not telling. Just a suggestion. And i dont really care i just like shutting down right wing threads that push a bullshit premise. In my thread I'm asking if Republicans believe corporations should pay no taxes. See, this thread is bs because we don't want to tax corporations more unless we find out they aren't paying their fair share. We found out GE isn't paying taxes. So Republican idiots, please tell me you don't think ge should pay more than zero.

IF GE paid $10 BILLION in taxes, where would that money come from?

Profits

 

[Ray From Cleveland]

Profits

If their write-offs exceed their profits, there is no profit as far as the government is concerned.

 

[francoHFW]

Yes, the truth again and again, dupe. You go on and on blaming individuals for a huge GOP mess. My sig is pure fact. Especially PP1. Great job, Pubs and silly chumps like you.

Troll [trohl]

7. Digital Technology. Informal.

1. to post inflammatory or inappropriate messages or comments on(the Internet, especially a message board) for the purpose of upsetting other users and provoking a response.
2. to upset or provoke (other users) by posting such messages or comments.

the definition of troll

Truth hurts? Keep blaming the victims for a giant GOP mess...

 

[francoHFW]

I can not stand this thread title and wish you'd stop being suckered into advancing it.

This is classic Republicans trying to control the message.

Do Republicans think corporations should be tax free like churches?

You've got it wrong.The last several posts weren't advancing the title of the thread at all. But I do sympathize with you. The thread was started by a troll and his troll friends have been desperately trying to keep it alive. I feel ya, bro.

I started another thread, "do Republicans think corporations should pay no taxes" and they're having a hard time admitting it.

Damn it! By replying to you and you me we are advancing this thread. Come find my thread. We control the message not them.

BTW they say corporations should pay 15% and so should everyone. Is that fair? Would it work? Don't reply here. Fuck this thread it bothers the hell out of me. Dumb cons

I know you mean well Sealy but I'm not going to be controlled by ANYBODY, that includes you. I may or may not respond here. Its my choice. But thanks for the support any way. Hope there are no hard feelings.

Not at all. Im asking not telling. Just a suggestion. And i dont really care i just like shutting down right wing threads that push a bullshit premise. In my thread I'm asking if Republicans believe corporations should pay no taxes. See, this thread is bs because we don't want to tax corporations more unless we find out they aren't paying their fair share. We found out GE isn't paying taxes. So Republican idiots, please tell me you don't think ge should pay more than zero.

IF GE paid $10 BILLION in taxes, where would that money come from?

GE pays NOTHING in taxes, dupe. Could you cut the infantile BS?

 

[Ray From Cleveland]

Truth hurts? Keep blaming the victims for a giant GOP mess...

 

[Markle]

As for all the loans you list, I have no clue as to how a recent college graduate could accumulate all that debt. The only person who could do such a thing is one with no personal responsibility.

Lets put a typical figure on that debt. Maybe then you can understand it better:

How The $1.2 Trillion College Debt Crisis Is Crippling Students, Parents And The Economy

Two-thirds, that’s right, two-thirds of students graduating from American colleges and universities are graduating with some level of debt. How much? According to The Institute for College Access and Success (TICAS) Project on Student Debt, the average borrower will graduate $26,600 in the red. While we’ve all heard the screaming headlines of graduates with crippling debt of $100,000 or more, this is the case for only about 1% of graduates. That said, one in 10 graduates accumulate more than $40,000.

Overall, the national student debt is 1.2 Trillion!

I know all about the student loan bubble. It will be the next bubble to burst.

"Twenty percent of all federal loan borrowers have defaulted on their loans, according to new data released by the federal government last week. That translates into $121 billion of loans in default. That same data show 40% of all borrowers are not making any payments, and are in some sort of forbearance, delinquency or default.

Default — the worst category — occurs when a borrower hasn't made a payment in more than 270 days."

"This is a slow-moving disaster," Jason Delisle, director of the Federal Education Budget Project at New America, told the Free Press. "Why no hearings on Capitol Hill? Why isn't the administration talking about it more?"

$121B in student loans are in default across U.S.

You left out the auto loans, house loans and others which most do not have. They have these student loans hanging on them making it difficult or impossible for them to borrow even more money.

As with the housing collapse, student loans are going to collapse for the same reason. They made them too easy to obtain with unreal repayment plans.

Those easy student loans have caused the cost of tuition to skyrocket.

Then there's the whole middle class and country going to hell under Reaganist tax rates/policy, toxic GOP college loans, etc etc....no price competition from low priced public U's anymore. Thanks GOP.

The low and middle-income workers have been suffering in the past 7 1/2 years and you want to blame President Reagan?

Who reduced the standards for mortgages causing the mortgage/housing/financial meltdown, among other Democrat policies?

Who reduced the standards for student loans causing the cost of tuition to skyrocket in all universities?