Obama: People who earn more are merely "Society's lottery winners"

[Mac1958]

And precisely what does "putting the platform in place" mean to you?

Please expand on that, for the average business owner. You say you've owned businesses in the past, you should know all about this.

Where business is conducted.

I see.

That tells me all I need to know.

.

 

[Mac1958]

I definitely have my doubts. One of his profound pearls of wisdom, when discussing how to successfully start and grow a business, was "never hire family". I couldn't believe my eyes. What I'm talking about goes a teeny, tiny bit deeper than that.

Very few family business make it past five years, and of the ones that do, few of those make it past a third generation.

I don't know of one Angel Investor that will invest in a family run businesses.

Unless you have significant collateral, banks won't invest in family run businesses.

I've arranged angel investing for half a dozen or so clients with privately-held businesses.

And I now know you don't know what you're talking about.

.

 

[The Rabbi]

I

And precisely what does "putting the platform in place" mean to you?

Please expand on that, for the average business owner. You say you've owned businesses in the past, you should know all about this.

Where business is conducted.

I see.

That tells me all I need to know.

.

I told you, he's an ignorant boob poseur with no actual knowledge.

 

[OnePercenter]

He lost me when he claimed that importers would not be hurt by laws mandating a roll back of prices.

If you're referring to my plan, importers would be netting less per unit, but would sell many more units. It's called added profit from volume.

 

[The Rabbi]

I definitely have my doubts. One of his profound pearls of wisdom, when discussing how to successfully start and grow a business, was "never hire family". I couldn't believe my eyes. What I'm talking about goes a teeny, tiny bit deeper than that.

Very few family business make it past five years, and of the ones that do, few of those make it past a third generation.

I don't know of one Angel Investor that will invest in a family run businesses.

Unless you have significant collateral, banks won't invest in family run businesses.

I've arranged angel investing for half a dozen or so clients with privately-held businesses.

And I now know you don't know what you're talking about.

.

No, he's right. He said he didnt know of a single angel investor who would. That's because he wouldnt know an angel investor from devil's food cake. Not many hanging around his mom's basement.

 

[OnePercenter]

The "Rich" always pay more money because they make more money. If everybody is taxed at a 10% rate then the guy making $10K a year only pays $1K in taxes while the guy making one million a year pays $100K, That is a difference of $99K in case you have trouble with math.

If you taxed everyone at 10%, you'd be giving most middle class folks a tax increase. A couple making $50k last year, with only personal deductions. paid 7%.

However, even that is not good enough for the greedy socialists. They have come up with this greedy idea of a progressive rate where higher income earners have to not only pay more money but a higher rate. There is no end to greed, is there?

Because a flat rate isn't fair to low income folks.

The problem we have in this country is not that we don't tax enough. The problem is that we spend too much money on the cost of government and that is a significant burden on our economy. Right now the combined cost of government in this country is over 40% of the GNP and that is despicable. We spend more money just on government in this country than the GNP of all but one other country in the world according to the CIA Fact Book.

The problem is we don't have enough income. Bush/Republicans/corporate America are responsible for the largest economic crash in history (2008) $560T world wide, and $20T in the United States.

 

[OnePercenter]

That's a fail right there.

What is a business platform?

 

[The Rabbi]

He lost me when he claimed that importers would not be hurt by laws mandating a roll back of prices.

If you're referring to my plan, importers would be netting less per unit, but would sell many more units. It's called added profit from volume.

So they'll lose money on every sale but make it up on volume? Brilliant!

 

[OnePercenter]

You understand that is not identical to what he wrote, right?
Besides, Brown-Forman pretty much proves you wrong.

How is that?

 

[The Rabbi]

That's a fail right there.

What is a business platform?

I have no fucking clue. You're the one who wrote that.

 

[The Rabbi]

You understand that is not identical to what he wrote, right?
Besides, Brown-Forman pretty much proves you wrong.

How is that?

How is what?

 

[RKMBrown]

FYI... millionaires are upper middle class.

No. Upper middle class are nets in the 100k's.

ROFL.. yeah cause no one in the upper middle class has a home and a 401k that add up to 1m.

Net. Owning a house that's valued at $1M doesn't make you a millionaire. Spendable cash of $1M or more makes you a millionaire.

ROFL new definition of millionaire by onepercenter... only spendable cash counts. ROFL if you don't have a million in your pocket you aint no millionaire.. ROFL you invest it .. you is broke now. ROFL

 

[OnePercenter]

I've arranged angel investing for half a dozen or so clients with privately-held businesses.

And I now know you don't know what you're talking about.

Good for you. Off to golf, have a good day!

 

[PoliticalChic]

He lost me when he claimed that importers would not be hurt by laws mandating a roll back of prices.

If you're referring to my plan, importers would be netting less per unit, but would sell many more units. It's called added profit from volume.

So they'll lose money on every sale but make it up on volume? Brilliant!

Volume...
Like those machines in the laundromat that give you four quarters when you put in dollar, huh?

 

[Flash]

If you taxed everyone at 10%, you'd be giving most middle class folks a tax increase. A couple making $50k last year, with only personal deductions. paid 7%.

Your comprehension skills are not very good. I was just using 10% as an example to show how the rich pay more simply because the earn more. I don't know how much your income is but I would bet that anyone that you would consider rich pays much more in taxes than you will ever pay.

By the way I have a "middle class" income and I pay more than 7% in Federal income tax and my total Federal, State and Local tax bill for the years is a tremendous percentage of my income.

When I was working as an engineer and my wife a school teacher before we retired most years it took my wife's entire income (and sometimes more) just to pay our combined taxes for the year. How can any American family get ahead when so much money is taken away from them for the cost of government?

Because a flat rate isn't fair to low income folks.

Way off base there Sport. In fact the opposite is true. It is unfair to punish those people that are productive with taking their money from them and rewarding those unproductive people will lower or no taxes.

It is unfair for the friggin government to be in the business of taking money from anybody and giving it away to somebody else, usually Democrat voters.

The problem is we don't have enough income. Bush/Republicans/corporate America are responsible for the largest economic crash in history (2008) $560T world wide, and $20T in the United States.

Sorry but you are wrong again.

The frigggin bloated Federal government spends almost $4 Trillion a year. More than any in the history of this country and more than any other country on earth. You greedy Libtards want it to be more. It is never enough for you.

The combined cost of government in the US is more than the GNP of all but one other country in the world. However, if you only look at the Federal government that only adds about one or two other countries to that list.

We spend far too much money on government and get mostly jackshit for it. The Democrat Welfare queens live well and reward the Democrat candidates at election time but the rest of us pays for it with an enormous bloated debt ridden government that oppresses freedom and robs us of the American dream.

By the way, the best way for a person to climb out of poverty is to stop voting for Liberals that screw up the economy with stupid programs that don't stimulate capitalism but instead destroys the economy with redistribution of earned money. You know like the shit the Democrat Congress started doing when they took office in 2007 and that dumbass Obama has continued for the last seven years.

 

[Redfish]

I think carried interest should not be taxed as capital gains. Because, well, it's NOT capital gains and shouldn't be taxed as such.

But Obama reinforces the perception that Democrats think that success comes from luck, not hard work.

All income should be taxed the same

If anything, income earned from hard work should be taxed at a lower rate

What if I have no income... and just live off billions in accumulated assets.

It's great being wealthy isn't it

always has been, always will be. Its life, deal with it.

Thats what I am proposing we do....deal with it

To start, stop economic policies whose sole purpose is to enhance the wealth of the one percent and ensure they can maintain it

Right, punish success and reward failure------------the communist manifesto.

 

[Redfish]

What if I have no income... and just live off billions in accumulated assets.

It's great being wealthy isn't it

It is when being wealthy is one of the "protected" classes. The States with sales and property taxes seem to have figured out a way to make taxes fair. Just saying...

There is always "The Golden Rule"
He who has the gold, makes the rules

The wealthy have the political power and economic flexibility to minimize their tax burden regardless of what we do

people like Soros and the Clintons? Are you so stupid that you don't realize that there are more rich democrats and liberals than republicans and conservatives? Are you that stupid, RW?

Smart enough to realize that those wealthy democrats are supporting programs to help working Americans and increase their own tax

Meanwhile, wealthy republicans do everything they can to cut back programs for the poor and protect their own wealth

 

[OnePercenter]

Volume...
Like those machines in the laundromat that give you four quarters when you put in dollar, huh?

That would be a change machine.

 

[OnePercenter]

Your comprehension skills are not very good. I was just using 10% as an example to show how the rich pay more simply because the earn more. I don't know how much your income is but I would bet that anyone that you would consider rich pays much more in taxes than you will ever pay.

By the way I have a "middle class" income and I pay more than 7% in Federal income tax and my total Federal, State and Local tax bill for the years is a tremendous percentage of my income.

When I was working as an engineer and my wife a school teacher before we retired most years it took my wife's entire income (and sometimes more) just to pay our combined taxes for the year. How can any American family get ahead when so much money is taken away from them for the cost of government?

So tell us, what 'tremendous percentage' do you pay?

Way off base there Sport. In fact the opposite is true. It is unfair to punish those people that are productive with taking their money from them and rewarding those unproductive people will lower or no taxes.

It is unfair for the friggin government to be in the business of taking money from anybody and giving it away to somebody else, usually Democrat voters.

Why shouldn't the rich pay the same percentage of income for federal tax as the middle class? FYI; They don't, not even close.

Sorry but you are wrong again.

The frigggin bloated Federal government spends almost $4 Trillion a year. More than any in the history of this country and more than any other country on earth. You greedy Libtards want it to be more. It is never enough for you.

The combined cost of government in the US is more than the GNP of all but one other country in the world. However, if you only look at the Federal government that only adds about one or two other countries to that list.

We spend far too much money on government and get mostly jackshit for it. The Democrat Welfare queens live well and reward the Democrat candidates at election time but the rest of us pays for it with an enormous bloated debt ridden government that oppresses freedom and robs us of the American dream.

By the way, the best way for a person to climb out of poverty is to stop voting for Liberals that screw up the economy with stupid programs that don't stimulate capitalism but instead destroys the economy with redistribution of earned money. You know like the shit the Democrat Congress started doing when they took office in 2007 and that dumbass Obama has continued for the last seven years.

Playing 'catch-up' due to the irresponsible actions of Bush/Republicans/corporate America costs money.[/QUOTE]

 

[The2ndAmendment]

Democrats should run on that slogan in 2016.