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Joined: 07/29/2008
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Who Pays Taxes?

Expatriate I'm going to let you in on a secret that's very topical.

Investment doesn't always amount to much, doesn't do anything except make paper. Notice we're in a bit of a bind right now? Investors investing in investments on investments, credit default swaps with your derivatives? We tried all that, especially for the past 8 years. Many write it off to lessons learned, still some dead enders haven't caught on.

Time to start making things not paper.

Quote:
Now if you wanted to expand the discussion to other sources of tax revenue, I'd be willing to argue that one too, because those 1 percenters pay a higher share of those, too

How about payroll? compare the top .1%, making over 24 million. Oops.

People always try to put the working poor down as if they are paying nothing, not true, look at my first chart that cowgal didn't like so much.

expatriate's picture
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Who Pays Taxes?

Do yourself a favor, Civet...take a class on economics. If you believe that investment does nothing for a capitalist economy, I don't know even where to begin addressing that level of ignorance.

Unbelievable. What you just posted is the economic equivalent of talking about semi-auto converted carbines when talking about guns.

Your view is that the firemen that shoveled the coal into the train engines made the railroad operate, so the railroad should base everything around them. The problem with that is that the fireman contributes to the operation of one engine. He didn't create the company, find investors to build the engines, organize investors and crews to build tracks, line up customers to ship goods on the system, etc.

If the fireman suffers, it affects one engine. If the CEO suffers, it affects the entire enterprise and costs jobs -- including the fireman.

What gets any business off the ground or moves it to the next level? Investors that kick in the cash necessary to fund growth. I could develop technology that would make oil obsolete, but it's not going anywhere unless I have investors to develop it.

Get a clue, Civet.

The problem with liberals is that they love the working poor so much that they do everything possible to create as many of them as possible.

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Who Pays Taxes?

I have to agree with Expatriate - take a class on economics.

I'm at a loss as to how to respond to your last post regarding investments. You really don't have a clue. And I don't have time to even bother explaining or finding the resources online for you - I have to work! So I can SAVE, then INVEST - and hopefully not lose it yet again!! Yup even the working poor and middle class that were frugal and saved, lost big time. But I guess in your world none of that matters. If I was one of those folks dependant on the system - I'd actually have your sympathies!

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Joined: 07/29/2008
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Who Pays Taxes?
Quote:
So I can SAVE, then INVEST - and hopefully not lose it yet again!!

What is it that they call it when you do the same thing over and over again expecting different results? Of course I didn't just lose most of my "investments" what do I know.

Anyone want to buy some credit default swaps on some securitized assets?

Quote:
What gets any business off the ground or moves it to the next level? Investors that kick in the cash necessary to fund growth

Only Republican businesses get off the ground like that. Even better if you have a rich dady whose freinds can buy a bunch of whatever you're selling, or a government no bid contract backed up by a crooked politician to just give you money and call it corprate wellfare.

Democratic businesses just sell a good product and work hard keeping honest books and paying a decent wage to loyal hard working employees.

Take heart headed off to work Cowgal, some of your tax money is headed to Expatriate I'm sure. Yes

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Location: California
Joined: 09/06/2008
Posts: 1071
Who Pays Taxes?
Quote:
Only Republican businesses get off the ground like that. Even better if you have a rich dady whose freinds can buy a bunch of whatever you're selling, or a government no bid contract backed up by a crooked politician to just give you money and call it corprate wellfare.

Democratic businesses just sell a good product and work hard keeping honest books and paying a decent wage to loyal hard working employees.

I'm at a loss for words myself. This is the single most ignorant statement I think I've seen any human write. I read it twice, just sure I had missed the joke but I don't think I did. The idiocy of this conglomeration of misspelled, hate filled stupidity is the most astounding thing you have written so far Civet. Tell me one thing, just so I know. How do you tell a Republican business from a Democrat business? Judging from all of Obamas cabinet picks Republican business must be the ONLY ones paying taxes. I just want to make sure none of you Demz are spitting on my next take out order.

expatriate's picture
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Location: Arizona
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Who Pays Taxes?

Give it up, Civet -- you already sacrificed every shred of credibility you might've had on this issue.

Investment doesn't do anything but make paper... Laugh Laugh . Yeah, that paper is known as "money" in our culture. Under a capitalist system, "money" is used to buy supplies, finance capital improvements, and even HIRE WORKERS.

And you accuse me of not understanding economics? Laugh Laugh Laugh

Only Republican businesses get off the ground through investment? Where do you come up with this stuff?

Steve Jobs and Steve Wozniak founded Apple in 1976 with funding from multimillionaire Mike Markkula. Marklula's INVESTMENT enabled Jobs and Wozniak to take Apple from a partnership to a corporation. It also led to a computer revolution that put computers on desktops and in homes. And if you know Steve Jobs, he's pretty far from Republican.

Google was started as a research project by two college students. They incorporated in a friend's garage. Their first funding was a $100,000 contribution from one of the founders of Sun Microsystems. Ten months later, they secured more investors in a round of fund raising that yielded $25 million. Five years later, they took the company public and raised $1.67 BILLION in their initial public offering, which made the company worth $23 billion. As of December, Google employed more than 20,000 people.

But in your world, investment doesn't do much and fledgling companies rarely use it to get going.

As I said, get a clue.

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Who Pays Taxes?
civetcat wrote:
What is it that they call it when you do the same thing over and over again expecting different results? Of course I didn't just lose most of my "investments" what do I know.

Such arrogance, you don't know where or what I invested in. Nor did I ever say I was investing in the same place.

FYI - 401Ks provided by employers have limited choices, sometimes none if you want to participate. This is the type of savings that has been encouraged for many years, and this is the area that many have lost a considerable amount of their savings. In fact many cannot retire when they had planned to, as well as retirees currently looking for work, since their savings are usually about half gone.

civetcat wrote:
Only Republican businesses get off the ground like that. Even better if you have a rich dady whose freinds can buy a bunch of whatever you're selling, or a government no bid contract backed up by a crooked politician to just give you money and call it corprate wellfare.

Democratic businesses just sell a good product and work hard keeping honest books and paying a decent wage to loyal hard working employees.

You're joking, right??? If you believe your own baloney, you're crazier than I thought you were.

civetcat wrote:
Take heart headed off to work Cowgal, some of your tax money is headed to Expatriate I'm sure. Yes

If Ex had fallen upon hard times, I wouldn't mind a bit helping him out - or any other hard working individual. They know how to work, and will be self-sufficient again. What I truly resent is people that simply expect the system to take care of them.

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Who Pays Taxes?
civetcat wrote:
How about if I give you a choice. Would you rather make a thousand million dollars a year, pay big taxes, and keep 500 million, or make whatever it is you make now? Yes the rich are taxed heavily, but they are still ungodly rich, and they've been getting much much richer.

$500 million???
Why I gotta take a pay cut?

I would rather I got a Tax break with any income level. I am tired of paying in thousands through out the year only to get saddled with another multi thousand dollar tax bill in April.

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