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-   -   We're Doomed, He Hasn't a Clue (http://www.derbytrail.com/forums/showthread.php?t=43403)

Riot 08-10-2011 04:22 PM

Quote:

Originally Posted by jms62 (Post 799176)
No tax deduction for Mortgage Interest will further Savage the housing market. I would allow writeoff of interest on up to 1 million of mortgage principal.

Ditto.

Coach Pants 08-10-2011 05:10 PM

Quote:

Originally Posted by jms62 (Post 799176)
No tax deduction for Mortgage Interest will further Savage the housing market. I would allow writeoff of interest on up to 1 million of mortgage principal.

Whoever wants to get rid of that write off needs to be thrown into a shark pit.

Danzig 08-10-2011 05:44 PM

Quote:

Originally Posted by Riot (Post 799101)
That's not what the program is. Geeshus cripes, it's not a savings account. It's not a retirement account. It's not a ****ing tax.

It's an old-age pension, a safety net, that we the society gives our seniors, because we got tired of seeing them die of poverty in the streets.

And there is no major or immediate - or even intermediate - problem with Social Security meeting all it's obligations. This is all false alarm and nonsensical straw men.

Geehus - worry about something that matters, that is a real problem, like Medicaid or Medicare. Good lord.

medicare is a part of ss, it's part of the ss act that amended the social security program. 1965.
just reminding you of that, so that in future when i mention that ss needs help, it's the entire program, not just the retirement portion.

Danzig 08-10-2011 05:47 PM

Quote:

Originally Posted by dellinger63 (Post 798921)
No you are entitled to your SS. I just said it's sad that you didn't plan/save for retirement and now depend on that check. You know, when you were crying 'poor'.

a lot of people depend on that check; they paid into it, they earned it. i think it's rather disingenuous to harp on someone for saying they rely on it, and then going on about how it's a ripoff and you won't get yours.

Danzig 08-10-2011 05:48 PM

Quote:

Originally Posted by Coach Pants (Post 799195)
Whoever wants to get rid of that write off needs to be thrown into a shark pit.

i can't believe that cut has even been suggested.

Antitrust32 08-11-2011 07:32 AM

Quote:

Originally Posted by jms62 (Post 799176)
No tax deduction for Mortgage Interest will further Savage the housing market. I would allow writeoff of interest on up to 1 million of mortgage principal.

well keep some then. I've never bought a house so I dont have experience with that.

but I think there should be a flat tax rate.. and no loopholes. maybe some deductions allowed, I never claimed to know everything!

but it really pisses me off when I have friends with kids get back more than what they paid in. that shouldnt happen.

joeydb 08-11-2011 07:36 AM

Quote:

Originally Posted by Antitrust32 (Post 799281)
well keep some then. I've never bought a house so I dont have experience with that.

but I think there should be a flat tax rate.. and no loopholes. maybe some deductions allowed, I never claimed to know everything!

but it really pisses me off when I have friends with kids get back more than what they paid in. that shouldnt happen.

I agree: Flat tax, no deductions. Make 10x as much, pay 10x as much. Make half as much, pay half as much.

Put in a poverty line, and anything above that line gets taxed at one uniform rate. No bracket creep. Simple - anyone who can do elementary math will know what to pay. No complex accounting.

Danzig 08-11-2011 07:37 AM

it's all well and good to suggest changes to other programs-but if the govt would just buckle down and make the needed changes to what constitutes the bulk of fed. govt. spending, none of these other small issues would have to be addressed.
we do need tax reform. we also need entitlement reform. the tax break on housing isn't a budget buster-it probably does a lot more good than it does harm.
the cash for clunkers program wasn't a budget buster either.
we need to stop ignoring the elephant in the corner. he's not going anywhere.

jms62 08-11-2011 08:13 AM

Quote:

Originally Posted by Antitrust32 (Post 799281)
well keep some then. I've never bought a house so I dont have experience with that.

but I think there should be a flat tax rate.. and no loopholes. maybe some deductions allowed, I never claimed to know everything!

but it really pisses me off when I have friends with kids get back more than what they paid in. that shouldnt happen.

I'm sure whoever came up with the idea probably owns their houses Free and clear so they could give 2 shi*ts about the rest of the country... That is the problem.

jms62 08-11-2011 08:15 AM

Quote:

Originally Posted by joeydb (Post 799283)
I agree: Flat tax, no deductions. Make 10x as much, pay 10x as much. Make half as much, pay half as much.

Put in a poverty line, and anything above that line gets taxed at one uniform rate. No bracket creep. Simple - anyone who can do elementary math will know what to pay. No complex accounting.

:tro: Agree but AICPA lobbying money will shut that down.

Danzig 08-11-2011 08:20 AM

everyone should contribute-even if it's a negligible amount. perhaps more people would care about the goings on in washington if they felt they were actually a part of it-rather than just getting from it. it's supposed to be by,of, from the people, not just some of the people...


as for the house tax-i have a house i don't own in full as yet, but i use the standard deduction, so it has no bearing on me. however, it does have on others, and with the housing market being as anemic as it is, i'd hate for them to do anything that would exacerbate the problem.

dino 08-11-2011 08:36 AM

Quote:

Originally Posted by joeydb (Post 799283)
I agree: Flat tax, no deductions. Make 10x as much, pay 10x as much. Make half as much, pay half as much.

Put in a poverty line, and anything above that line gets taxed at one uniform rate. No bracket creep. Simple - anyone who can do elementary math will know what to pay. No complex accounting.


I have wanted a flat tax for years but we will never have one because we have too many leaches that don't want to pay any taxes and live off the middle class and rich.
If that bum Obama ever voted for a flat tax he would lose 3/4 of the people that voted for him because all of a sudden they would have to contribute something and that sure as hell would never happen.

jms62 08-11-2011 08:49 AM

Quote:

Originally Posted by dino (Post 799305)
I have wanted a flat tax for years but we will never have one because we have too many leaches that don't want to pay any taxes and live off the middle class and rich.
If that bum Obama ever voted for a flat tax he would lose 3/4 of the people that voted for him because all of a sudden they would have to contribute something and that sure as hell would never happen.

Your HATERED for Obama is blinding you to the fact that the "Rich" would be the most negativley impacted as most through deductions pay much less than they would via a flat tax and the "Bums" really won't be impacted all that much becuase they probably can't hire the teams of accounts to find said loopholes now. But feel free to make all the worlds troubles about Obama...

joeydb 08-11-2011 08:57 AM

Quote:

Originally Posted by dino (Post 799305)
I have wanted a flat tax for years but we will never have one because we have too many leaches that don't want to pay any taxes and live off the middle class and rich.
If that bum Obama ever voted for a flat tax he would lose 3/4 of the people that voted for him because all of a sudden they would have to contribute something and that sure as hell would never happen.

What current non-taxpayers "want" is irrelevant. They WILL pay something, if somebody like me gets to truly reform (read as "rewrite") the tax code.

At least with a flat tax rate and no deductions, there's no more class warfare. Everyone pays an equally "fair" share since everyone is paying the same proportional amount of their income. And there would be no barriers to continued growth or success built into the tax code.

Clip-Clop 08-11-2011 09:11 AM

I have no hatred for this President (no more than any before him any way). This gov't is a complete disaster and needs a square one approach. The Onion had an article a few weeks ago about giving the Fed a red ball because that was something it could handle playing with rather than anything complex. Great satire and a sad truth exposed.
The bureaucracy that has gone on for too long has created a system that needs constant feeding, it is similar to what happens to celebrity chefs. They start out great cooking great food, move onto TV, open a new restaurant nearby, get another TV show, open a restaurant in Vegas, another TV show and so on. Now they have this conglomerate of people and business that need to be fed at all times. This is the progression of a good idea when placed in the wrong hands for too long. Eventually it causes a downgrade in the product and service and nobody notices because they are eating at such and such's restaurant so it doesn't matter. Meantime he is nowhere to be found, not watching over, not leading the kitchen. Sure you can see him on the VS channel with his race horses but what about the food, huh?

Antitrust32 08-11-2011 09:29 AM

leave Bobby Flay alone!! haha

Danzig 08-11-2011 09:39 AM

just don't let him call any more races.

Clip-Clop 08-11-2011 09:42 AM

Quote:

Originally Posted by Antitrust32 (Post 799323)
leave Bobby Flay alone!! haha

Sorry, venting. Was in Vegas last week and ate at Mesa (at the ceaseless prodding of a Star***ker friend). Back when I lived/worked in NYC I used to go to Bolo all the time and that was such an amazing little place. I was disappointed is all.

It does relate though.

timmgirvan 08-11-2011 10:53 AM

Quote:

Originally Posted by Danzig (Post 799284)
it's all well and good to suggest changes to other programs-but if the govt would just buckle down and make the needed changes to what constitutes the bulk of fed. govt. spending, none of these other small issues would have to be addressed.
we do need tax reform. we also need entitlement reform. the tax break on housing isn't a budget buster-it probably does a lot more good than it does harm.
the cash for clunkers program wasn't a budget buster either.
we need to stop ignoring the elephant in the corner. he's not going anywhere.

that would constitute the govt "looking in the mirror" to find the problem

Danzig 08-11-2011 11:16 AM

Quote:

Originally Posted by timmgirvan (Post 799348)
that would constitute the govt "looking in the mirror" to find the problem

no, what we need are people who are willing to put themselves on the line, and perhaps not get re-elected, in order to fix the problems. what they also need to understand is that for every person saying 'i won't vote for you if you do...' there are others who say 'i won't vote for you if you don't....'



honestly, the more i think about it, the more i think the scenario could pan out. dems say absolutely no changes to ss/medicare. reps say absolutely no to taxes. so, get each to budge just a little on those two things; it would work wonders for us both now and in future. make them both give a bit on what they like most. then, both sides have their base pissed off at them-but also pissed at the other side at the same time! a win/win/win for everyone!!

Clip-Clop 08-11-2011 11:40 AM

Quote:

Originally Posted by Danzig (Post 799355)
no, what we need are people who are willing to put themselves on the line, and perhaps not get re-elected, in order to fix the problems. what they also need to understand is that for every person saying 'i won't vote for you if you do...' there are others who say 'i won't vote for you if you don't....'



honestly, the more i think about it, the more i think the scenario could pan out. dems say absolutely no changes to ss/medicare. reps say absolutely no to taxes. so, get each to budge just a little on those two things; it would work wonders for us both now and in future. make them both give a bit on what they like most. then, both sides have their base pissed off at them-but also pissed at the other side at the same time! a win/win/win for everyone!!

Perhaps a basic math class for all involved too. Not new math but actual math where the answer is important too.

Danzig 08-11-2011 11:45 AM

Quote:

Originally Posted by Clip-Clop (Post 799360)
Perhaps a basic math class for all involved too. Not new math but actual math where the answer is important too.

:tro:


like mark pryor told bill maher in religulous, you don't have to pass an iq test to be a senator.

Riot 08-11-2011 02:42 PM

Quote:

Originally Posted by dino (Post 799305)
I have wanted a flat tax for years but we will never have one because we have too many leaches that don't want to pay any taxes and live off the middle class and rich.
If that bum Obama ever voted for a flat tax he would lose 3/4 of the people that voted for him because all of a sudden they would have to contribute something and that sure as hell would never happen.

LOL - a flat tax has been part of the progressive platform for years.

Riot 08-11-2011 02:44 PM

Quote:

Originally Posted by Clip-Clop (Post 799318)
I have no hatred for this President (no more than any before him any way). This gov't is a complete disaster and needs a square one approach.

The first thing to do would be to aggressively get all the corporate money out of elections. All the GOP, and half the Dems, are simply wholly-owned corporate subsidiaries.

Antitrust32 08-11-2011 03:14 PM

Quote:

Originally Posted by Riot (Post 799425)
LOL - a flat tax has been part of the progressive platform for years.

neither party really embraces it, but it's more of a conservative platform than progressive. Dick Armey (dead republican) was the guy who tried to push it through congress.

Antitrust32 08-11-2011 03:15 PM

Quote:

Originally Posted by Riot (Post 799427)
The first thing to do would be to aggressively get all the corporate money out of elections. All the GOP, and half the Dems, are simply wholly-owned corporate subsidiaries.

really? only half the dems? insert head into sand.

even Obama is a wholly-owned corporate subsidiary.

Riot 08-11-2011 03:18 PM

Quote:

Originally Posted by Antitrust32 (Post 799449)
neither party really embraces it, but it's more of a conservative platform than progressive. Dick Armey (dead republican) was the guy who tried to push it through congress.

They switch back and forth. Jim DeMint fully supported and recommended Obamacare just a few years ago, recommending that Romney's healthcare plan be made national, it was "so good" :D

Today Romney announced he thinks that corporations are people. Jeebus, save us from these empty heads and give us back our democracy.

"Corporations are people, my friend" (which makes total sense, except for that dang Citizen's United supreme court ruling) - video with heckling, here

http://www.huffingtonpost.com/2011/0..._n_924426.html

Antitrust32 08-11-2011 03:23 PM

I work for a corporation that is made up of over 8,000 americans.

Yes, corporations are people.

Antitrust32 08-11-2011 03:25 PM

"Corporations are people, my friend... of course they are. Everything corporations earn ultimately goes to the people. Where do you think it goes? Whose pockets? Whose pockets? People's pockets. Human beings my friend."

here's the actual quote instead of a cherry picked line. what doesnt make sense?

Antitrust32 08-11-2011 03:28 PM

If dems are going to hang on that paragraph to beat Romney, they have huge problems.

Riot 08-11-2011 03:28 PM

Quote:

Originally Posted by Antitrust32 (Post 799461)
"Corporations are people, my friend... of course they are. Everything corporations earn ultimately goes to the people. Where do you think it goes? Whose pockets? Whose pockets? People's pockets. Human beings my friend."

here's the actual quote instead of a cherry picked line. what doesnt make sense?

Sigh ... as I said, related to the Citzen's United ruling. Completely ****ing tone deaf to the Citizens United ruling. Especially as just this week it was discovered Romeny had received millions in donations from several shell corporations, corporations created only to donate to Romney under PAC rules, then dissolved. That's what hangs Romney, and why the hecklers were so angry.

Here, today, op-ed in Boston Globe:
http://www.boston.com/Boston/politic...CdN/index.html

Quote:

WASHINGTON --Two non-partisan campaign-finance watchdogs today filed additional complaints with the Federal Election Commission and US attorney general about contributions made by obscure companies to a political action committee supporting Mitt Romney.

....

The Campaign Legal Center and Democracy 21 had lodged complaints last week about a $1 million contribution to the committee from a company called W Spann, whose owner was not listed on campaign or corporate records.

....

The new complaints allege that $2 million worth of contributions from two other companies – Utah-based F8 LLC and Eli Publishing -- also may have violated federal campaign finance law. Their owners’ names also were not listed on campaign finance reports, and the compaints suggest they also may be shell companies used solely to make the contributions.

joeydb 08-16-2011 01:23 PM

Still no clue - still talking about doing more road work. Guess who pays for that? Taxpayers. It never ends with this guy.

Antitrust32 08-16-2011 01:31 PM

Quote:

Originally Posted by joeydb (Post 800621)
Still no clue - still talking about doing more road work. Guess who pays for that? Taxpayers. It never ends with this guy.

I'd rather spend tax money on road work in America and hire Americans to do it than 80% of the other crap they spend it on... especially all the money we give other countries.

joeydb 08-16-2011 01:41 PM

Quote:

Originally Posted by Antitrust32 (Post 800625)
I'd rather spend tax money on road work in America and hire Americans to do it than 80% of the other crap they spend it on... especially all the money we give other countries.

Well, hell yeah, if they can eliminate foreign aid, contributions to the U.N., World Bank, and International Money Fund and fix the roads instead - that's a win win.

If that's what he means (I doubt it) I'll support him on that. I think he meant to increase taxes with this as a pretext, and keep sending money out of the country where it does us no good.

Clip-Clop 08-16-2011 01:47 PM

Quote:

Originally Posted by Riot (Post 799467)
Sigh ... as I said, related to the Citzen's United ruling. Completely ****ing tone deaf to the Citizens United ruling. Especially as just this week it was discovered Romeny had received millions in donations from several shell corporations, corporations created only to donate to Romney under PAC rules, then dissolved. That's what hangs Romney, and why the hecklers were so angry.

Here, today, op-ed in Boston Globe:
http://www.boston.com/Boston/politic...CdN/index.html

Like naming the CEO of one of the worlds largest and most profitable companies to your personal team? The one company in the top 10 that pays zero taxes, coincidence?


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