Kamala Harris for Pres

[RandyForRubio]

How will they survive though?

Sent from my CPH2451 using Tapatalk

See this is part of the problem. You don’t care if it’s stupid. You don’t care if it’s not going to work. You don’t care if you don’t understand it. It will never, ever, affect you, so why bother caring? Screw the rich! What have they ever done for anybody?

 

[fishonjazz]

And in a few years it’ll get dropped down to a lower level of income. We’ve seen it before.

This is kinda like how everyone told me Obama was going to take my guns.
Still got em.

Sent from my CPH2451 using Tapatalk

 

[MT Steve]

Easiest way to increase the tax on high wealth individuals is to simplify the tax code and make it a flat tax.

A flat tax disproportionately impacts the poor.

A 15% tax on someone earning $20,000 a year leaves them with $17,000, which might barely cover essential expenses like housing, food, and healthcare. In contrast, someone earning $200,000 would be left with $170,000, leaving plenty of disposable income after meeting basic needs.

 

[fishonjazz]

See this is part of the problem. You don’t care if it’s stupid. You don’t care if it’s not going to work. You don’t care if you don’t understand it. It will never, ever, affect you, so why bother caring? Screw the rich! What have they ever done for anybody?

Eh, I just don't get triggered by something that hasn't even happened and also wouldn't affect me if it did happen.
No worries



Sent from my CPH2451 using Tapatalk

 

[SoberasHotRod]

Yeah but they brought in record profits and used chunks of that in stock buy-backs, right after a price hike. And coke immediately followed suit. When there are only 2 of you in the sandbox it's not hard to see what the other one is building and build one a little bigger. Still hard to argue that 2 humongous companies controlling any industry are better than many with roughly even shares duking it out. Unless you are looking for what is best for the companies and not the consumers. Free market economics would greatly favor multiple companies, again, for the consumer.

More than two, sure, but I'm not sure it has to be much more than two. I'm not really sure what the right size of companies is, but it probably is category dependent. Ideally the companies are big enough to have optimized costing, but enough to have true competition.

 

[SoberasHotRod]

One other thing to keep in mind for the food industry is that however big of a piece of a market a company has, typically the highest or one of the highest market leader in any category is private label. Private label often sells items at cost, which makes it really difficult for food Companies to maintain high margins.

You would be surprised at how many items you buy at the grocery store that actuality lose a company money when you buy it. It's there to give volume for the higher margin products. For example in the ice cream industry they don't make any money on tubs of ice cream, but need to sell tubs in order to make money off of pints and novelties.

If every food product was sold at a reasonable margin, consumers would really be complaining. It's one of the reasons it's hard for me to get too mad when prices get a little sticky.

 

[RandyForRubio]

A flat tax disproportionately impacts the poor.

A 15% tax on someone earning $20,000 a year leaves them with $17,000, which might barely cover essential expenses like housing, food, and healthcare. In contrast, someone earning $200,000 would be left with $170,000, leaving plenty of disposable income after meeting basic needs.

You could do different percentages for different income levels. And yes, the wealthier people will have more take home and disposable money, that’s to be expected. That’s fair, if we’re being honest.

 

[RandyForRubio]

Eh, I just don't get triggered by something that hasn't even happened and also wouldn't affect me if it did happen.
No worries



Sent from my CPH2451 using Tapatalk

So discussing proposed policy that I disagree with is “getting triggered”?

Policy that doesn’t affect you is still important. Ignorance isn’t bliss, my friend.

 

[MT Steve]

You could do different percentages for different income levels.

Then it wouldn't be a flat tax.

And yes, the wealthier people will have more take home and disposable money, that’s to be expected. That’s fair, if we’re being honest.

The concern is less about how much the wealthier people are taking home and more about how much the poor people are not under a flat-tax scenario.

 

[RandyForRubio]

Then it wouldn't be a flat tax.


The concern is less about how much the wealthier people are taking home and more about how much the poor people are not under a flat-tax scenario.

You understand what I’m getting at though. Eliminate the loopholes. Make it easy. It doesn’t need to be as complicated as it does. I don’t think it’s necessarily good for the lowest earners to pay nothing either. Everybody has to be involved for this thing to work. The wealthy already pay the vast majority of taxes in this country (as they should). And honestly, who’s making $20k a year? Taco Bell is hiring at $22/hr by me. That’s $40k a year to work fast food in a non managerial spot.

 

[The Thriller]

Then it wouldn't be a flat tax.

LMFAO!

Good post.

It’s amazing how many people rant against progressive taxation and regurgitate the same tired tropes about flat tax. Only to agree that flat taxes suck, won’t cover our country’s basic needs, and disproportionately hurt the poor, only to suggest… wait for it… Progressive taxation.

And when they talk about “closing the loopholes”, they don’t understand that in order to do that there will need to be a massive overhaul of the IRS in order to enforce the new tax laws. An institution that is gutted by Republicans.

Want to hit the tax cheats? Then beef up the IRS. Give them the resources to go after cheats like Donald Trump.

 

[The Thriller]

Oh noes, the stock market

The stock market tripled under Obama and has hit record highs under Biden. If their economic policy is destroying the stock market, then keep it comin! If Democrats are all about communism, then keep the communism coming! My 401k and stock portfolio has never looked so damn good!

 

[TheStormofWar]

Side note: Watching a few recaps, I forgot just how good Obama was on the stick.

 

[fishonjazz]

Side note: Watching a few recaps, I forgot just how good Obama was on the stick.

The GOAT

Sent from my CPH2451 using Tapatalk

 

[fishonjazz]

On topic of the thread, this speech fits this web site.


View: https://youtu.be/suMXeH0umvU?si=jyaNlGogXGwBO16q

Did he rip his shirt off like the hulk though?

Sent from my OPD2203 using Tapatalk

 

[TheStormofWar]

The GOAT

Sent from my CPH2451 using Tapatalk

It's debatable, but you can make a case. Side tangent: A lot of Presidents had a signature line they are remembered for, something that should appeal to the better angels of our nature as Americans, remind us we are countrymen, and what we should value as Americans.

Kennedy: "Ask not what your country can do for you, but what you do for your country!"
Reagan: "Mr. Gorbachev, tear down this wall!"
FDR: "The only thing we have to fear is fear itself!"
Obama: "Yes. We. Can!" (Also, "there is nothing false about hope." remains a personal favorite).
Teddy: "Speak softly, but carry a big stick!"
Lincoln: "..that this nation, under God, shall have a new birth of freedom -- and that government of the people, by the people, for the people, shall not perish from the earth."

Of course, we have some buffoons as well.

Nixon: "I am not a crook!"
LBJ: "I will not accept the nomination of my party."
Trump: "Grab 'em by the *****!"

Good times.

 

[The Thriller]

Side note: Watching a few recaps, I forgot just how good Obama was on the stick.

And he was attacked relentlessly for over 8 years by RW media.

Glenn Beck said that he had a deep seated hatred of white culture.
Dnesh D’Souza made a movie claiming that he was a Manchurian candidate and that his father hated western democracies because of colonialism or something stupid.
Countless pastors and priests called him the anti-Christ only to worship Trump a few years later.
I remember Utah parents calling into my school to bitch and excuse their children out of school when he was going to address children in America going back to school. Cuz… he might say something inappropriate. Weird how nothing like that happened between 2017-2021.

Anyone else remember the Obama voo doo medicine man posters? Or the Obama joker posters? Or the obamas with Michelle posters as they were depicted as gorillas? So much “economic anxiety!”

Remember how he wasn’t American cuz his dad was from Kenya?
Remember the tan suit?
What about the death panels?! Has government killed Granny yet? And the socialism! So much socialism! And communism!

So basically the same lame *** attacks we see daily on Harris were used on Obama. Cuz black and Democrat. Woke socialism is anything I, a true conservative Republican, don’t like. Or something.

 

[RandyForRubio]

LMFAO!

Good post.

It’s amazing how many people rant against progressive taxation and regurgitate the same tired tropes about flat tax. Only to agree that flat taxes suck, won’t cover our country’s basic needs, and disproportionately hurt the poor, only to suggest… wait for it… Progressive taxation.

And when they talk about “closing the loopholes”, they don’t understand that in order to do that there will need to be a massive overhaul of the IRS in order to enforce the new tax laws. An institution that is gutted by Republicans.

Want to hit the tax cheats? Then beef up the IRS. Give them the resources to go after cheats like Donald Trump.

I mean, it doesn’t need to be complicated. You make this, you pay this. Period.

Or, I guess we could continue to hire more people to sic em after people we don’t like with a lot of ambiguous rules designed to favor those who have enough money to hire somebody who knows the most about it. Tough choice!

 

[RandyForRubio]

The stock market tripled under Obama and has hit record highs under Biden. If their economic policy is destroying the stock market, then keep it comin! If Democrats are all about communism, then keep the communism coming! My 401k and stock portfolio has never looked so damn good!

I’ve asked for anybody to explain how taxing unrealized capital gains makes sense and so far no takers, would you care to be the first? Maybe talk about actual proposed policy rather than the ranting word salad you do?

 

[Red]

$$$

Exclusive-Harris' election effort raises around $500 million in a month, sources say

U.S. Vice President Kamala Harris' election effort has raised around $500 million since she became the Democratic presidential candidate, sources told Reuters, an unprecedented money haul that reflects donor enthusiasm going into the Nov. 5 election. Four sources familiar with the fundraising...

www.yahoo.com

https://www.marketwatch.com/story/whos-going-to-win-the-presidential-election-the-stock-market-has-a-prediction-ee7e13a5

There’s a 64% probability that Kamala Harris will win this November’s presidential election, given the stock market’s strong year-to-date performance.

This is moderately higher than the 58% probability I reported in a column this past May. That’s because the stock market is higher now than it was then, and there is a significant correlation between the stock market’s election-year performance and the incumbent party’s chances of retaining the White House.