Reagan's Gift

[CrusaderFrank]

If you don't understand what a stock market is or what futures are, you should probably refrain from commenting.

 

[8537]

Oh, so the wealthy don't keep their money in mattresses but invest it into even more productive activities instead?

Thank you for that little lesson in economics, President Reagan.

Transfering savings (the bulk of financial investment) does not equal "investment in productive activities.

 

[Oddball]

Transferring those savings to where?...Under what expectation of what will become of those savings?

 

[8537]

Transferring those savings to where?...Under what expectation of what will become of those savings?

When you buy or sell a stock on, for example, the NASDAQ or NYSE you are not "increasing productive capacity" or investing in any economic sense. You are simply transferring savings from one person to another.

 

[Dutch]

Spike=The top 1%

Chester=middle class conservatives





[ame="http://www.youtube.com/watch?v=ov-1S8Xxd94&feature=player_embedded"]http://www.youtube.com/watch?v=ov-1S8Xxd94&feature=player_embedded[/ame]

 

[Mr. Shaman]

The income tax is levied on productive activities, not on accumulated wealth, fool.

Accumulated wealth generates more wealth through investments, which IS taxable. The wealthy don't keep their money stuffed into a mattress!!!

True!!

They just got a little-more bold, during the Bush Years.....but, everything's temporary!!​

February 8, 2011

U.S. Starts New Offshore Amnesty For Tax Cheats​

"Wealthy tax evaders with assets stashed offshore can come clean with U.S. authorities under a new amnesty program with reduced penalties, the government said on Tuesday.

"It gives people a chance to come in before we find them," Internal Revenue Service Commissioner Doug Shulman said.

The new effort follows a 2009 amnesty program, which lured 15,000 new taxpayers with hidden accounts.

Under the new program, participants face a 25 percent penalty for the year with the highest balance, compared with the usual penalty of 50 percent.

The U.S. has been stepping up efforts to combat offshore tax evasion since UBS AG settled fraud cases with the government while admitting it helped U.S. citizens avoid taxes.

Shulman said a "number of other banks" were under investigation, with some cases at "quite advanced" stages.

The IRS has been culling through data from these probes, the UBS case and the earlier "voluntary disclosure" program for clues leading to other tax cheats, including additional banks and other corporate offenders."

Post-BUSHCO Clean-Up: On-Going​

​

 

[grunt11b]

More than anything else, what Reagan gave us is an enduring, entitled class of individuals who believe that work should be taxed, but wealth should not. These were the people who were the prime beneficiaries of Reagan’s first and most important tax cut: the one that brought down the top rate. Excerpt from:


Reagan's Gift - Columns - Baltimore City Paper

All these years later, Reagan still intimidates the left. You know he is dead right now don't you?

 

[grunt11b]

The income tax is levied on productive activities, not on accumulated wealth, fool.

Accumulated wealth generates more wealth through investments, which IS taxable. The wealthy don't keep their money stuffed into a mattress!!! Who's the fools here? When a comment is so easily debunked, it's obvious you didn't consider the article at all, but just posted a knee-jerk reaction.

Considering what paper printed the article, I don't need to read it to know it is full of bullshit and left leaning lies.

 

[Oddball]

Transferring those savings to where?...Under what expectation of what will become of those savings?

When you buy or sell a stock on, for example, the NASDAQ or NYSE you are not "increasing productive capacity" or investing in any economic sense. You are simply transferring savings from one person to another.

Oh, and what do those who obtain the funds do with that money..Stuff it in their mattresses?

 

[grunt11b]

It's the core mechanism of Capitalism and Free markets fool!

Who pays the bill when this wild speculation and greed fails? Capitalism has been gamed Frankie. When bankruptcy was taken away from the small players only the rich can play. That is not exactly equal opportunity is it. Privatizing the profit and socializing the losses has become the biggest scam in the history of civilization. I guess that is O K for a corporate shill such as yourself.

The people investing their own money should be left to gain or lose as the market either confirms or punishes their judgment.

What is your problem with that?

His problem with it is the same problem those knuckleheads in Washington have, it's an ideological problem. They feel that folks like you and I should not be able to invest our own money because we are stupid and ignorant and cannot possibly make those choices for ourselves. They wish to take our money and do what they want with it because big brother knows best. We're too ignorant to know what is best for our families in there warped ideological mind set. And therefor we should submit to the over taxed and over worked nanny state.

 

[Mr. Shaman]

Haven't you heard? Life's supposed to be a zero-sum game. No matter what, you always come out even.

Yeah....right.....and, The Lord will provide.

​

 

[HUGGY]

The income tax is levied on productive activities, not on accumulated wealth, fool.

In what sense is speculating in the stock market(s), futures, off shore banks, over seas companies productive for the U S A?

Ever tried to sell something to someone who has no job?

No.

 

[8537]

Transferring those savings to where?...Under what expectation of what will become of those savings?

When you buy or sell a stock on, for example, the NASDAQ or NYSE you are not "increasing productive capacity" or investing in any economic sense. You are simply transferring savings from one person to another.

Oh, and what do those who obtain the funds do with that money..Stuff it in their mattresses?

What difference does that make? One person had a wad of money. They gave that wad of money to another person. Until that money is used to either:

A. Purchase goods or services.

or

B. Invest in actual economic production

It is no more constructive in the second guy's hand than the first. American's have fallen for this myth that trading on the secondary market is somehow equivalent to investing in economic production, increasing economic capacity and therefore should be taxed less.

It's not. It's simply an exchange of savings.

 

[BlindBoo]

There are many other impoverished Communist countries that also fear, loathe and attack the wealthy at every turn; FDR's hatred of the wealthy was one of the reasons he was able to turn a severe recession into the Great FDR Depression. You should go there! Go find your workers paradise and leave the rest of us alone

Congrats, that's the dumbest point of the day!

From the moment FDR began to enact the programs of the New Deal, the
economy began its recovery. After four years of steady declines,
Roosevelt's programs brought on an immediate improvement in the national
fortune.

Within three years, the national GDP exceeded the level in 1929. By the
time the bombs fell at Pearl Harbor, the GDP had been up every year but
one since 1933, and that one downward tick in 1937 marks the exact point
at which budget hawks forced cuts in the New Deal programs.

That's the story the numbers tell. The New Deal worked, worked well, and
worked quickly.

http://www.jlaforums.com/viewtopic.php?t=6705773

 

[Oddball]

When you buy or sell a stock on, for example, the NASDAQ or NYSE you are not "increasing productive capacity" or investing in any economic sense. You are simply transferring savings from one person to another.

Oh, and what do those who obtain the funds do with that money..Stuff it in their mattresses?

What difference does that make? One person had a wad of money. They gave that wad of money to another person. Until that money is used to either:

A. Purchase goods or services.

or

B. Invest in actual economic production

It is no more constructive in the second guy's hand than the first. American's have fallen for this myth that trading on the secondary market is somehow equivalent to investing in economic production, increasing economic capacity and therefore should be taxed less.

It's not. It's simply an exchange of savings.

The difference is that people investing their money with companies that make things others want to buy, with the expectation of return on investment, is very different from simply stuffing it in a mattress....That's an "exchange of savings" that millions of people are all too happy to make every day.

 

[Oddball]

There are many other impoverished Communist countries that also fear, loathe and attack the wealthy at every turn; FDR's hatred of the wealthy was one of the reasons he was able to turn a severe recession into the Great FDR Depression. You should go there! Go find your workers paradise and leave the rest of us alone

Congrats, that's the dumbest point of the day!

From the moment FDR began to enact the programs of the New Deal, the
economy began its recovery. After four years of steady declines,
Roosevelt's programs brought on an immediate improvement in the national
fortune....

After which the economy promptly tanked again, and unemployment returned nearly to the point it had been when FDR started all his meddling.

So much for that "success".

 

[HUGGY]

There are many other impoverished Communist countries that also fear, loathe and attack the wealthy at every turn; FDR's hatred of the wealthy was one of the reasons he was able to turn a severe recession into the Great FDR Depression. You should go there! Go find your workers paradise and leave the rest of us alone

Congrats, that's the dumbest point of the day!

From the moment FDR began to enact the programs of the New Deal, the
economy began its recovery. After four years of steady declines,
Roosevelt's programs brought on an immediate improvement in the national
fortune....

After which the economy promptly tanked again, and unemployment returned nearly to the point it had been when FDR started all his meddling.

So much for that "success".

Unemployment does not "crash" like the much more volatile markets and financial services. Employers hold on to their workers as long as they can. It can take years for the full impact of a financial or other crisis to make it's way throughout the work force. It is one of the easiest of all statistics to misrepresent.

 

[8537]

There are many other impoverished Communist countries that also fear, loathe and attack the wealthy at every turn; FDR's hatred of the wealthy was one of the reasons he was able to turn a severe recession into the Great FDR Depression. You should go there! Go find your workers paradise and leave the rest of us alone

Congrats, that's the dumbest point of the day!

From the moment FDR began to enact the programs of the New Deal, the
economy began its recovery. After four years of steady declines,
Roosevelt's programs brought on an immediate improvement in the national
fortune....

After which the economy promptly tanked again, and unemployment returned nearly to the point it had been when FDR started all his meddling.

So much for that "success".

Indeed! For one year (three quarters) the economy went into a recession.

it of course began growing again shortly thereafter.

Imagine that - a cyclical economic recession!

 

[8537]

Oh, and what do those who obtain the funds do with that money..Stuff it in their mattresses?

What difference does that make? One person had a wad of money. They gave that wad of money to another person. Until that money is used to either:

A. Purchase goods or services.

or

B. Invest in actual economic production

It is no more constructive in the second guy's hand than the first. American's have fallen for this myth that trading on the secondary market is somehow equivalent to investing in economic production, increasing economic capacity and therefore should be taxed less.

It's not. It's simply an exchange of savings.

The difference is that people investing their money with companies that make things others want to buy, with the expectation of return on investment, is very different from simply stuffing it in a mattress

No - people who purchase IPO's are doing something different than putting it under a mattress. People who purchase on the secondary market are simply transferring savings. The transfer does not increase the productive capacity of the company, nor does it increase or decrease production or economic activity.

 

[Oddball]

Congrats, that's the dumbest point of the day!

From the moment FDR began to enact the programs of the New Deal, the
economy began its recovery. After four years of steady declines,
Roosevelt's programs brought on an immediate improvement in the national
fortune....

After which the economy promptly tanked again, and unemployment returned nearly to the point it had been when FDR started all his meddling.

So much for that "success".

Indeed! For one year (three quarters) the economy went into a recession.

it of course began growing again shortly thereafter.

Imagine that - a cyclical economic recession!

What it went into was a second depression.

Contrary to the belief of Keynesian economic alchemists, scooping water out of the deep end of the pool and pouring it into the shallow end doesn't make the shallow end any deeper.