A must watch video, Obama's radical tax plan...

Discussion in 'Economics' started by Mvic, Feb 12, 2008.

  1. dogman

    dogman

    ha! nice. that's some old school comedy.

    i've got one: what's the most difficult part about rollerblading??

    telling your dad that you're ghey!!

    holla

    keep 'em comin' monkeys
     
    #61     Feb 13, 2008
  2. Wasn't truly surprised; just a polite rhetorical technique for stating the obvious.
     
    #62     Feb 13, 2008
  3. Specterx

    Specterx

    Progrowth policy for whom? I see that foreign nations - like the "command economy" in China - have grown quite substantially as American jobs go overseas, as domestic wages stagnate, and as our tax code penalizes actual productive work in favor of passive investment and moving money around. No doubt they will continue to do so, as our "progrowth" policies continue to export dollars by the half-trillion, which may then be used by these same foreign nations to buy up Citigroup and Goldman Sachs.
     
    #63     Feb 13, 2008
  4. Maverick74

    Maverick74

    I find it interesting that no one (outside Rallymode) brought up the fact that Obama seeks to get rid of the 60/40 tax treatment for all futures traders and return to ordinary income taxes. This is a trading board and yet this little detail gets no discussion.

    I also see there is no dicusssion on Obama's number one agenda, spending 100's of billions of dollars a year to stop gobal warming.
     
    #64     Feb 13, 2008
  5. Mvic

    Mvic

    Actually, I would argue that a progrowth and economically strong America is in the interest of everyone on the planet. A broke America that is is relegated to 2nd tier status in the world economy is in nobody's interest (except maybe some Jihadist or other such troublemakers somewhere). I find it the epitomy of self interest for one group to sacrifice the nation's growth so that they can pander to their own constituents and this is what it appears that Obama is planning to do.
     
    #65     Feb 13, 2008
  6. Mvic

    Mvic

    I thought it couldn't get any worse than what I'd already read about Obama's plans, apparently it can.
     
    #66     Feb 13, 2008
  7. MKTrader

    MKTrader

    Nice post. Probably too much for the Obama Kool Aid Club to digest, but a nice post nonetheless.

     
    #67     Feb 13, 2008
  8. MKTrader

    MKTrader

    I repeat: whatever Obama "saves" by pulling out of Iraq or whatever he gains from taxes will be spent on the usual suspects: welfare, education, environment, health care, more government agencies/programs, more nanny state.

    Not sure about Hillary, but at least her husband is a pretty moderate Democrat. I don't care for him at all as a person (he's as political and corrupt as they come), but I'd take him over Obama any day.

     
    #68     Feb 13, 2008
  9. Mvic

    Mvic

    You have a point which is why something like the Fairtax proposal would be better than any income tax at all but that notwithstanding it is no surprise that a country where the average per capita income is less that $1700 (and in reality a lot less than that for the vast majority of the poulation) is able to exhibit high growth rates when the developed economies of the world are also growing. Here something to think about: If the US grows 4% a year, how much does China have to grow to add the same $ amount to its GDP? Given China's growth rate of 11% who is better off in $ terms, the US growing its GDP by 4% a year or China growing at 11%? The answer is that the US is substantially better off.
     
    #69     Feb 13, 2008
  10. I don't know why, but I still find it hard how even a person of below average intelligence would come to believe this.

    When has a war hawk ever controlled spending or the growth of government? But rather than use logic & common sense, you just look up McCain's proposed budget which is definitely not balanced or going down.

    McCain, Huckabee, Obama & Hillary have minor differences. The general agenda is the same.
    For all of you to argue one over the other just goes further to illustrate the concept of "hoodwinking".
     
    #70     Feb 13, 2008