Time to put this to rest...
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Part of the issue is that CEO's are a commodity subject to the laws of supply and demand. But should we regulate their pay? If we try, we start down the socialist/communist road.
To take your $10M boat example - the sale of that boat pays the salesman and the manufacturer. The manufacturer pays their upper- and middle-management, employees, and suppliers. The suppliers pay their management, employees, and suppliers. And so on. The money doesn't all stay in one place. Relating to the bread example - it's not genetically coded for a single person, it gets shared.
As for the flat tax - I'm glad we agree that it's equitable (even desirable). What I don't understand is how the flat tax can be equitable, but the graduated tax (where more income = higher percentage) results in the rich "not paying their fair share". That one still gets me.
Anyway, here's something else that needs to be put to rest: http://newsbusters.org/blogs/terry-trippany/2008/10/12/nyt-pulls-misleading-account-palin-puck-dropping-ceremony
tomsdesk, I'm asking a couple of honest questions:
- do you believe the Obama campaign has not engaged in any questionable ads or accusations?
- do you believe the mainstream media has treated the candidates equally?
The reason I ask is your earlier posts seem to indicate you think the only lies/innuendos/deceptions in this campaign come from the McCain campaign. Would you exert the same energy to combat the lies/innuendos/deceptions from the Obamedia campaign?
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@unknownuser said:
@unknownuser said:
we start down the socialist/communist road.
I have seen the "free enterprise" model fail over and over. At least 4 times in my life...the recent (cash grab) is number four. Democracy?...what a farce. Freedom....what a farce. The free economy? - completely exploitive. It is a model that just cannot work.
modelhead!! stop trashing the thread!!
You've seen the free market enterprise fail 4 times!!!! I cannot come even come up with one, because I don't think the current credit crisis qualifies. What are the 3 other times you're referring to?
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@bellwells said:
You've seen the free market enterprise fail 4 times!!!! I cannot come even come up with one, because I don't think the current credit crisis qualifies.
Hm. Why's that then?
I read the expression "predatory taxes" in one of the comments above (not one of yours, Ron). Made me cringe. For f*ck's sake, why is solidarity such a hard concept for some? At one point, I made roughly € 8000 ($ 10766.83) a month (ah! such a brief period of bliss it was!
), of which I got to keep (again: roughly) € 2000 ($ 2691.70). The rest went to the government. Did I mind? No. Roads need to be built, sick people need to be cared for, teachers need a paycheck, pensions need to be paid - the list goes on.I like to chip in. I'm an adult - I don't mind sharing my sweets. I'm sure some will find this naive. Three words: lick my morals.
"Predatory taxes" ...
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@unknownuser said:
I read the expression "predatory taxes" in one of the comments above (not one of yours, Ron). Made me cringe. For f*ck's sake, why is solidarity such a hard concept for some? At one point, I made roughly € 8000 ($ 10766.83) a month (ah! such a brief period of bliss it was!
), of which I got to keep (again: roughly) € 2000 ($ 2691.70). The rest went to the government. Did I mind? No. Roads need to be built, sick people need to be cared for, teachers need a paycheck, pensions need to be paid - the list goes on.I like to chip in. I'm an adult - I don't mind sharing my sweets. I'm sure some will find this naive. Three words: lick my morals.
"Predatory taxes" ...You have no problem paying 75% in taxes? WOW! We've sort of discussed this before, but there is NO incentive to earn or create when taxes are that high. Why do you think the USA has been an incubator for entrepreneurship, biomedical and computer sciences and so on? Why do you think our economy grows at 3% a year and all of Europe is either in contraction or happy with a 1% growth rate and has high unemployment? Look at the whiny little pricks in Paris complaining about a 40 hour work week or the right of an employer to fire without cause.
No thanks...no socialism for me. You can keep it over there. I'll take the free market any day. What does "lick my morals" mean anyway?
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@rickw said:
Part of the issue is that CEO's are a commodity subject to the laws of supply and demand. But should we regulate their pay? If we try, we start down the socialist/communist road.
Sorry to say it but we have already traveled several miles down that road to socialism.
Who owns Fannie Mae? who Owns Freddie Mac? Who owns a controlling interest in AIG? What government is Bailing out Banks...IE giving taxpayers money to Banks...Yep the US. What country bailed out the Auto Industry and is in the process of doing it again...THE US.
Edit: Now that the executives at AIG are on our the tax payers payroll they are agreeing to cut back...
http://money.cnn.com/2008/10/16/news/economy/AIG_loan/index.htm
What country is going to PURCHASE illiquid assets from financial institutions that practiced questionable lending and sold mortgage backed securities to other banks...Yep the US government.
What political party president is proposing to purchase home owners loans in order to renegotiate their value and help home owners stay in their homes...Again the US Government.
Seems like these days the only people free from government regulations are the ultra rich who for some reason unknown to me everyone wants to be off limits.
It seems hypocritical to decry the pitfalls and dangers and evilness of socialism while we stand in line to borrow money from china so that we can turn that money over to Iran and Venezuela to purchase oil. Yea we hate the way you run your government...umm but can we please have another barrel of oil this month...or we hate the way your government limits freedom in your society...umm but can you increase our credit line because our free and just society is going broke.
http://www.forbes.com/forbes/2008/0929/034.html
The US needs to fundamentally alter the way our federal and local governments receive and distributes money to and from it's citizens. we are over 10 trillion dollars in debt. Republicans, democrats, independents..heck we are all partially responsible for the current situation in one way, shape or form. If we think we can continue to run our government in the same way that got us into this mess and expect a different outcome...well that is insane.
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Hear, Hear, Phil. This trend toward socialism is very troubling. Often, people vote for whoever offers the most. And thus, it continues. As you point out, witness the bail out plan. Both the current candidates voted for it. Bush bragged about it!! Shame on them.
I say do NOT vote for any incumbents. What really scares me is the possibility of a liberal president backed up with a filibuster-proof Congress headed by Pelosi and Reid. My Lord, this will worse than the current "liberal" administration.
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Ron
We agree that the country is headed in the wrong direction. The trend towards socialism is indeed troubling but even more troubling is having no alternative plan to change our countries current path. We are in a runaway train barreling high speed towards another train and when the two trains collide socialism ain't gonna look that bad.
What is going to happen to our society when the US defaults on those loans from China, Japan, and other foreign countries. Whats going to happen to our country when the US starts printing dollar bills like they are confetti for a parade. That's what they will be worth nothing.
To go back to my bread analogy what are we going to do when the dollar becomes so de-valued that you need a thousand of them to buy a slice of bread.
Folks that's where we are headed if we continue to be a debtor nation.
Homeland security is meaningless if the government pays its workforce in I.O.U's
Soon it's not only going to be Joe the plumber that does not pay his taxes it's going to be every many woman and child fending for themselves
The current crisis is just tip of the iceberg. Unless we get our government, and it's people to live with in it's means and pay down the debt and deal with the pending economic, and ecological train wreck coming these discussions about CEO's and Plumbers are pointless.
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Phil for President!
Actually you've said so much, I can't say I agree with everything.
I have usually sided with the Income progressive tax idea but I am interested in thinking the other way. Would be nice if everyone paid taxes, anyway and sales taxes would get most of it? (I have no idea how much commerce goes on, untaxed, today.) I would just throw out these ideas. No tax on food and medicine.
What will happen to all the loopholes we've created to get out of paying taxes? I wonder about the mortgage interest break. That's a big one. Where does that fit in? Is it bad idea anyway?
On the other hand, if you look at tax code (at least at what's on the form) we have all sorts of breaks for people like farmers who take risks each year, railroad workers(?), priests, breaks for having dependents (another big one), for blind people etc.(big too--not to be unfair). Will social programs have to be developed to provide those breaks or would a sales tax be somehow automatically equitable to those with impediments. What about other itemized tax deductions. Not required?
I think we will still have social programs. And incentives for some industries etc. Society needs dependable ways to help some people. I guess some would rather go back to the times of the workhouses and Oliver Twist. Send all the losers to Australia. But that notion aside, perhaps some of these "breaks" will then become programs, and be more out in the open to be determined by the people, not forever entitlements built into the tax code.
Another aside on that aside. Some people think government shouldn't help out people like Katrina victims. Or maybe shouldn't be involved at all in the "free" market free-fall. I think one of the basic reasons we have government, after security from attack and defending rights, is the ability to help in times of crisis. Some of the most basic societies were centered on granaries for the hard years, and taboos for sustaining the harvests. Of course there was a lot of priestly mumbo-jumbo going on as well.
We certainly got our share of that, but the politicians kicked the priests out.
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This has to be a bottom-up solution. It starts with who we vote for. The 2 major parties are drifting together; they're morphing into sameness. Neither of them are capable of solving the problem because they're too busy bickering.
This issue of inflation is very real and very scary. The Fed is buying stock in banks with newly minted dollars, which, as you point out, is how they will pay the Chinese when they come calling. I'm shocked the dollar is as strong as it is against the Euro (Well, truth be told, the Euro has weakened against the dollar; not the same thing).
I wonder if we are able to avoid the train wreck. It's disgusting how out of touch our government is.
Edit: I've noticed the last two unemployment figures released by the Labor Dept. have shown a decrease in all non-farm jobs (retail, industrial, manufacturing, financing, service, etc), while showing an increase in government jobs. How the hell can an ever increasing bloating of the government serve ANY purpose whatsoever? The government is a part of the problem while they need to be a part of the solution.
I predict a tax revolt before I die.
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Yep. I laid myself off this week. Actually I'm going on vacation, but the slowdown is here. I've some projects but nothing active.
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@pbacot said:
Yep. I laid myself off this week. Actually I'm going on vacation, but the slowdown is here. I've some projects but nothing active.
Nice one....I have my own business and I'm the only employee, but My wife fired me a long time ago because the business was failing. I just never left....
I'm petrified at the potential of having to re-enter the workforce if there is indeed still a workforce.
Ron is correct in order to get elected the candidates will need to come to the middle to attract voters.
This philosophy leads to out and out lies to promise everyone everything in order to get their vote. Unfortunately we can no longer give everyone everything we are seeing first hand the bad idea that is.
I think there is also a boost in the health care sector employment as well. I believe the reason for that is this whole mess is making people SICK. Literally.
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@rickw said:
tomsdesk, I'm asking a couple of honest questions:
- do you believe the Obama campaign has not engaged in any questionable ads or accusations?
- do you believe the mainstream media has treated the candidates equally?
The reason I ask is your earlier posts seem to indicate you think the only lies/innuendos/deceptions in this campaign come from the McCain campaign. Would you exert the same energy to combat the lies/innuendos/deceptions from the Obamedia campaign?
Rick, I'll answer your "honest" (I hope so?) questions...in spite of the baiting phrasing of your qualifying follow-ups: But only as far as an honest answer to a reasonable question, not as an opening statement to some sort of debate. I am quite impressed by Phil's eloquence about these matters, in several threads now, and I'd rather think about what he's been saying here than what you might want me to think about after this post.
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Because I mistrust most of what all politians say, thus discounting 10 or 20% on either end of all their rhetoric, I usually only fact check the middle of what they spew; and because I don't at all search for "ammunition" (unless provoked :`), I get my gut's fill from the few ads played here in redder than redder Kansas, and the way too many played as "news" on the national news programs I watch: I have to say no, I have not seen any "questionable ads or accusations" by Obama (and yes I have fact checked some of Obama's claims as well).
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I have to answer an emphatic NO! to this one. I believe all the "mainstream" media, with maybe the exception of PBS, has become corporate media with an agenda of their own based on viewership and ratings: greed. Case in point: several well qualified democratic candidates were swept under the rug early on in favor of the novelty of the first female or the first black president. I think my dad nailed it last year when he predicted Iraq would soon become non-news so the media could assure a close race for its own pleasure...and it did become so, long before this last debacle hit us so hard. (I'd now bet, if our tanking economy wasn't such good news, it would be a much less prevalent story...since it seems to be helping Obama widen the gap quite a bit.)
Now as to the tone of your questions: yes, I am definitely biased. I am sick and tired of the despicable tactics of personal character attack and the issue skirting strategy of baiting single-issue voters (who are the scourge of our democratic process) the republicans have been using almost exclusively for more than a decade. (And yes, I'm pissed too: because they have been so ludicrously successful...to my dumbfounding dismay.) I was wondering today what kind of Rove crap will soon be dumped in our laps...isn't the timing about right for another swiftboat skuttle attempt?
And before you say it: I don't let this bias muddle my mind or stifle my intellegence...it's too bad for my blood pressure.
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@unknownuser said:
Ron the US just suffered a 700billion dollar loss (this is only what we see).
Do I have to hit you on the head with a hammer!!
If your point is that the free market system has failures and is imperfect, then I agree. This 700 Billion dollar boondoggle had angered me immensely. It has permanently altered the way I view our government.
I'd like to hit every member of Congress on the head with a hammer!
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@unknownuser said:
@unknownuser said:
we start down the socialist/communist road.
I have seen the "free enterprise" model fail over and over. At least 4 times in my life...the recent (cash grab) is number four. Democracy?...what a farce. Freedom....what a farce. The free economy? - completely exploitive. It is a model that just cannot work.
Though the free enterprise model has had some failures, that is not the same as it being a failure in and of itself. I'm not aware of a free enterprise system that has collapsed the way the Soviet Union's socialist-communist system did (unless you are referring to post-WWI Germany, but even that was not the fault of the system so much as a result of the overly harsh punitive actions against Germany). Even China has recognized that the Soviet model is unworkable, and has permitted limited private enterprise.
You say it cannot work, but it has outlasted every other system.
I'll agree that direct democracy is a farce at the national level - it only works at the local level, and then only for selecting representatives. If the people directly decided every issue that came up, forget it.
@unknownuser said:
It has been said that democracy is the worst form of government except all the others that have been tried.
Freedom is a farce? Would you please elaborate?
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"Reason is not automatic. Those who deny it cannot be conquered by it. Do not count on them. Leave them alone." Ayn Rand
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@unknownuser said:
I read the expression "predatory taxes" in one of the comments above (not one of yours, Ron). Made me cringe. For f*ck's sake, why is solidarity such a hard concept for some? At one point, I made roughly € 8000 ($ 10766.83) a month (ah! such a brief period of bliss it was!
), of which I got to keep (again: roughly) € 2000 ($ 2691.70). The rest went to the government. Did I mind? No. Roads need to be built, sick people need to be cared for, teachers need a paycheck, pensions need to be paid - the list goes on.Man, I'm sorry you had to pay predatory taxes (and those certainly were predatory). I'd be puking, too, if I had to pay taxes like that. But I'm more dismayed that you didn't mind handing over your money to the bureaucracy.
I agree that the government provides some necessary services that need funding (defense and transportation infrastructure come to mind), but there are some services the government has no business providing - and when it tries, the results are dismal.
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@tomsdesk said:
@rickw said:
tomsdesk, I'm asking a couple of honest questions:
- do you believe the Obama campaign has not engaged in any questionable ads or accusations?
- do you believe the mainstream media has treated the candidates equally?
The reason I ask is your earlier posts seem to indicate you think the only lies/innuendos/deceptions in this campaign come from the McCain campaign. Would you exert the same energy to combat the lies/innuendos/deceptions from the Obamedia campaign?
Rick, I'll answer your "honest" (I hope so?) questions...in spite of the baiting phrasing of your qualifying follow-ups: But only as far as an honest answer to a reasonable question, not as an opening statement to some sort of debate. I am quite impressed by Phil's eloquence about these matters, in several threads now, and I'd rather think about what he's been saying here than what you might want me to think about after this post.
- Because I mistrust most of what all politians say, thus discounting 10 or 20% on either end of all their rhetoric, I usually only fact check the middle of what they spew; and because I don't at all search for "ammunition" (unless provoked :`), I get my gut's fill from the few ads played here in redder than redder Kansas, and the way too many played as "news" on the national news programs I watch: I have to say no, I have not seen any "questionable ads or accusations" by Obama (and yes I have fact checked some of Obama's claims as well).
Since I believe you're basically honest, I'll take it you were not aware of Obama's ad ridiculing McCain for not "knowing how" to use email (despite the fact that McCain's war injuries to his hands prevent him from typing, or that McCain was labeled "the most cybersavvy" candidate in Jacob Weisberg's Slate article in 2000). There are others, though O has had the luxury of letting the media do most of the smearing.
@tomsdesk said:
- I have to answer an emphatic NO! to this one. I believe all the "mainstream" media, with maybe the exception of PBS, has become corporate media with an agenda of their own based on viewership and ratings: greed. Case in point: several well qualified democratic candidates were swept under the rug early on in favor of the novelty of the first female or the first black president.
I understand your point about the Dem primary race, but I was referring to McCain and Obama. So, to clarify, do you think the media has treated the McCain-Palin and Obama-Biden tickets equally? And as follow-up: I agree the MSM have their own agenda, but considering their ever-shrinking market share, I doubt it has to do with viewership and ratings so much as it has to do with ideology. I personally find it sadly amusing that Fox News is branded as "right-wing" not because it is right-wing, but because it isn't left-wing.
Also, I'm sorry that you felt there was a "baiting" tone in my follow-up (though I understand how you would take it that way, since we've traded barbs before), but that was a serious, honest question as well. However, since you said you only dig for dirt when provoked, I'll restate the question: Would you be as incensed about dishonesty in the Obama campaign as you seem to be with the McCain campaign?
My experience with other people (regardless of affiliation) is that if the "other side" does it, it's dirty, but if their side does it, it's excusable (if it even registers). For example, for how many years (decades?) has the Dem party played the class-warfare card against Rep proposals to control government spending on social programs (despite the fact that around 70% of the money in those programs goes to the machinery of the program - the bureacracy - rather than to the intended recipients)?
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@unknownuser said:
Now that I have two children and can barely take care of putting money away for their future I'm less able to give to charity.
I would agree for myself, too (though it's wife & 1 child). If our taxes were lower, we could probably afford to give more to charities - which would be markedly better than giving it to the government.
Overall, charities averaged around 84% efficient in 2004 - meaning that 84% of the money goes to the needy, with 16% to administering the organization. The (US) government is the reverse of that - only 30% efficient, with 70% going to the bureaucracy! I don't know if other national governments are equally pathetic, but it certainly makes me doubt the efficacy of government programs (and the sanity of the candidates who propose/support them).So, how about a flat 12% tax with a credit for charitable giving?
And prohibiting campaign contributions from sources other than private citizens (and then with caps)?
And as long as we're dreaming, how about balanced-budget legislation? -
@rickw said:
@unknownuser said:
Now that I have two children and can barely take care of putting money away for their future I'm less able to give to charity.
I would agree for myself, too (though it's wife & 1 child). If our taxes were lower, we could probably afford to give more to charities - which would be markedly better than giving it to the government.
Overall, charities averaged around 84% efficient in 2004 - meaning that 84% of the money goes to the needy, with 16% to administering the organization. The (US) government is the reverse of that - only 30% efficient, with 70% going to the bureaucracy! I don't know if other national governments are equally pathetic, but it certainly makes me doubt the efficacy of government programs (and the sanity of the candidates who propose/support them).So, how about a flat 12% tax with a credit for charitable giving?
And prohibiting campaign contributions from sources other than private citizens (and then with caps)?
And as long as we're dreaming, how about balanced-budget legislation?Rick I agree now let's get a cup of "Joe" and discuss more serious issues like when am I going to find time to get back to work...hehe.
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