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Posts By Taxing Authority
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re: Britain may be forced to abandon free healthcare, top doctor says - Taxing Authority
[quote] The 'death panels' (aka end of life counseling) is something we as a nation/culture need to come to terms with if we're ever going to reduce end of life costs.[/quote]Absolutely! Nothing is cheaper than simply saying "you get nothing". Ironically, proponents of nationalized health care s...


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re: Senate Votes 98-1 That Climate Change 'Is Not A Hoax' - Taxing Authority
[quote]Senate Votes 98-1 That Climate Change 'Is Not A Hoax[/quote]Well that prove it! ...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]Don't try to paint me as a fool, man[/quote] :lol: No need. You seem to be doing fine on your own! (I keed, I keed that was too easy not take) [quote]Those goods that were bought were an asset to Walmart before they became someone's expense.[/quote]Those goods were an asset because they we...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]I know they have their own places on financial statements, but that's just accounting. [/quote]Nope. If one buys $100 worth of goods at Walmart, in one year, what will the value of those goods be? Damn near close to zero. During that time those goods will not generate a profit. That is an [i]...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]Who said anything about greed?[/quote]You didn't. That was too strong on my part. But you did use the term luxury goods. I'm still trying to understand how you are differentiating between spending by "the rich" and spending by "the poor" and why the latter is better. [quote]The ability ...


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re: A question for Poncho and other "true believers" - Taxing Authority
[quote]Probably the biggest one is in his signature legislation, ACA. Obama wanted a single-payer option, but compromised with Republicans [/quote]bull shite. The republicans were irrelevant in legislating healthcare. The compromises were made to bring DEMOCRATS on board. Bart Stupak, Mary Landreiu, B...


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re: Obama's New State of the Union Tax Hike on Middle Class 529 College Savers - Taxing Authority
[quote]You should be. [/quote]it's only fair. Haven't you made enough money already? ...


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re: WSJ Article gives Obama Admin Comments about proposed 529 Cuts in tax plan - Taxing Authority
[quote]Administration officials also paint the issue as a matter of fairness. They say that tax-free distribution of money from 529 accounts unfairly benefits high-income people. One official said 80% of the benefit goes to households making more than $250,000 a year. [/quote]I didn't realize there ...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]I asked about consumer dollars buying laundry detergent (per your earlier example), not business dollars buying office equipment.[/quote]Choose whatever product you like. Spending in excess of economic value is a waste. As I noted it's a permutation of e broken window fallacy. [quote]The ...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]I understand that, but in the case of an equivalent but cheaper detergent, detergent spending decreases and a job is likely lost (possibly offset elsewhere by the consumer dollar saved).[/quote]This is a permutation on the broken window fallacy. ...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]Why would the rich have to have less though?[/quote]"fairness"...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]Can you explain to a dummy like myself in more detail how shifting consumer dollars from one company to another drives growth? [/quote]Simply put... It isn't just important that money gets spent... [i]What[/i] gets bought matters... A typewriter used to be the most expensive piece of offic...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]If that reflected Treasury auctions, it would be catastrophic in terms of interest costs to service the debt.[/quote]Indeed. Reduced incentive to invest, inflation, and increasing taxes all at the same time... ugly. We haven't seen much indication of this, to date. The opposite really, ...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]Ok, I must have been unclear.[/quote]Or I suck at reading? :lol: [quote]Would require some credible spending cuts, of course.[/quote]Indeed. But that need so happen anyway. Most don't understand the risk that the large federal deficit poses. Say interests rates go up to, say 10%. Not u...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]It's tough and it kinda hurts your pride a little too.[/quote] [quote]Marcellus: Night of the fight, you might feel a slight sting. That's pride f_ckin' with you. _uck pride! Pride only hurts, it never helps. You fight through that shite. 'Cause a year from now, when you kicking it in the C...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]Yep. So what does the economy gain here?[/quote]Better more economically-productive products. You know... the stuff that drives real-dollar growth. [quote]We live in a luxurious nation with a luxurious economy. We could all get by on $20k salaries and drive $5k used vehicles and live in $7...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]The thing is, effects on growth are routinely used to justify the lower tax rate on investment returns than on income- by that I mean that the bad effect of increased taxes on investment justifies the claim that higher taxes on investment will hurt everyone, not just the rich. [/quote]Here's ...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]Without the "rich" they would build it their-selves slowly [/quote]how long does it take the average person to save $2 million? [quote]or simply get more [b]investors from the middle class.[/b] [/quote]Getting investors isn't free. What costs more getting $200 from 10,000 people, $2 milli...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]Look, it's a really simple point. If your potential customers have zero dollars to spend, there is zero reason to invest in creating a new product. [/quote]Aye. But few have $0 to spend. In reality consumer marketers don't seek to purchases from consumer's "extra" money. They seek to have...


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re: The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent - Taxing Authority
[quote]Well, no, but the best justification for a lower tax rate on investment is for its supply-side-growth effects. [/quote]Actually the best argument for lower tax rates on at-risk capital is that is [i]mobile[/i]. The guy will free cash can easily take it elsewhere, where it will be used. Pe...


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Posts By Taxing Authority