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Old 08-19-2012, 10:11 PM
 
Location: Pluto's Home Town
9,995 posts, read 11,676,310 times
Reputation: 5580

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Quote:
Originally Posted by joebaldknobber View Post
The DOW is way overpriced.

Investors would be better off putting cash in the mattress.
I was going to say this. This is yet another bubble inflating by all the money sloshing around at the top. Since there is no way to make money honestly without true products and consumption by real workers, and that is too much trouble for the richies, we get all sorts of sleazy speculation. The rich want EASY MONEY, not all that old fashioned stuff.
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Old 08-19-2012, 10:13 PM
 
6,932 posts, read 8,089,833 times
Reputation: 3025
Quote:
Originally Posted by eRayP View Post
LOL, do you mean Obamas policies are not working? Of course they are not.

its because of Obama that businesses are holding their cash. Paid down debt position. not investing

and they will not invest (including hiring) until they absolutely have to or until Obama is out of office.

Obamas Administration's actions are hurting the business environment and specific industries that have dampened business hiring.

Issued 106 new major rules that cost U.S. businesses $11 billion in implementation and more than $46 billion each year.

Make the United States a less desirable place to open or run a business.

Imposed a new investment income "surtax" of 3.8 percent. (including business who invest)

The United States to become the highest corporate tax nation in the developed world.

Expressed plans to raise the capital gains tax, which would discourage U.S. capital formation and drive investment overseas.

Demonized businesses and one-percent income earners consistently as greedy when in fact its the people on the dole who are greedy.

Perpetuated the fraud of "green jobs" to sell and justify stimulus funds with little evidence to support the market for these jobs.
Please provide evidence of how Obama's policy affected businesses.
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Old 08-19-2012, 10:19 PM
 
48,516 posts, read 83,932,349 times
Reputation: 18050
[quote=Winter_Sucks;25709535]The DOW is almost back to where it was before the recession began back in 2007, corporate profits are hitting historical highs, and the rich are getting richer. I'm just wondering when the economy is suppose to start improving? I was told that if those at the top make more it would lead to gains for the poor and middle class. Why is that not happening? [/quote When they see that the consumer is starting to spedn more as they see stabilty and have confidence in the future. Both markets;corporations and individual are the same. They see high risk causing low confidence with future of uncertainity of libialities and confused/unsettled policies. Until the its deleverage debt and save especailly with so much possible libaity for government debt coming.DOW was 15K when the market fell to like 7K. Even if one is where they were in value in 2008 that is going on five years of loss value. Kind of like no one unemployed will gain back the moeny they have loss not working those years.
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Old 08-19-2012, 11:02 PM
 
Location: None of your business
5,466 posts, read 3,773,883 times
Reputation: 1170
Quote:
Originally Posted by jojajn View Post
How about if we go back to taxing the "job creators" at the rate before the Bush tax cuts? Then we give them a tax cut incentive for every job they create. This will give them a wise choice in which to grow their earnings.
How about if we tax everybody! And then make the welfare loads on society go to work?
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Old 08-19-2012, 11:05 PM
 
Location: None of your business
5,466 posts, read 3,773,883 times
Reputation: 1170
Parasites (welfare) feed off the host and when the host dies, their “home” and food source goes away.
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Old 08-19-2012, 11:26 PM
 
Location: Pluto's Home Town
9,995 posts, read 11,676,310 times
Reputation: 5580
Funny thing about the rich being "afraid" to hire with Obama in office, so we need more upper crust tax cuts, is why give an opportunity to a bunch of wusses. If the wealthy were so bold and altruistic, and deserving of special consideration, why are they such patsies? That is not leadership.
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Old 08-20-2012, 04:02 AM
 
Location: NE Ohio
30,193 posts, read 16,629,264 times
Reputation: 8850
Quote:
Originally Posted by Mayiask View Post
Not a thread killer. How many jobs have been created by the 'trickle down' theory? Romney and other billion or millionaires insist this is true, but where is the proof?

I don't give a rat's @ss if someone is rich or not. Good for them. But if the theory behind giving them tax cuts and breaks is that they will use their money to produce jobs, I do want proof that they will do that b4 they get those breaks. JMO
What you need is a good course in economics.

The proof is all around you. Every business that you see is proof. Every product that you buy is proof.

A company is not built out of nothing. It takes money. Capital investment. That money usually comes from the "rich," venture capitalists, through sources such as Bain Capital. Or it may be loaned directly to the owner starting the business, but it still has as it's source, investors. Not all who invest are rich either. Anyone who puts some of their money into stocks is helping a company to grow, and they depend on the company's growth to make their investment grow.

Businesses are what grow our economy. When businesses grow, the economy expands. Every dollar taken out of the private sector through taxation is a dollar not invested in the economy. That is why tax cuts work to achieve economic growth.

When business is allowed to grow and expand by keeping more of their profits, jobs are created because expansion usually means more employees are needed.

The term "trickle down" does not mean you receive more money in your pocket for doing nothing. It means that opportunity is created. It means that there are more jobs available to be had, and therefore less unemployment.

The Democrats have been lying to you. The cliché that "the rich get richer, and the poor get poorer" is a myth, and it has served only to keep people depressed and thinking there is something wrong with the system. There is nothing wrong with the system!

Now get a job and work your way out of your poor me attitude.

These articles are pretty technical, but this is how it works:
Venture capital - Wikipedia, the free encyclopedia
Seed money - Wikipedia, the free encyclopedia
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Old 08-20-2012, 04:32 AM
 
Location: NE Ohio
30,193 posts, read 16,629,264 times
Reputation: 8850
Quote:
Originally Posted by Mayiask View Post
I have. Just wanting to know why the tax % should be lower if you are rich IF you do not plan to use that money to create jobs. If you don't, then the 'trickle down' theory of tax breaks or tax cuts should not apply to you. Get it?
It isn't lower. Rich people are paying a higher % than you are. Buffet was lying, and the Democrats are lying.

If you are talking about earned income, they pay a higher percentage than you do. And 50% of Americans pay no income tax at all! How fair is that?

Why should the rich be shouldering almost the entire tax burden? Why do the top 10% pay 80% of all taxes? Yet, the Democrats say they aren't paying their "fair share?" Give me a break!

Further, even middle class taxpayers get the advantage of the lower capital gains rate if they are investing some of their savings. It isn't just for the rich.

But, Obama has increased the capital gains rate, which means he has increased taxes on the middle class.
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Old 08-20-2012, 05:15 AM
 
Location: NE Ohio
30,193 posts, read 16,629,264 times
Reputation: 8850
Quote:
Originally Posted by jojajn View Post
How about if we go back to taxing the "job creators" at the rate before the Bush tax cuts? Then we give them a tax cut incentive for every job they create. This will give them a wise choice in which to grow their earnings.
You are confusing corporate tax rates with individual tax rates. The U.S. corporate tax rate is the highest in the industrialized world, making it difficult for U.S. businesses to compete. Rasing the corporate tax rate will further increase our inability to compete in the global economy.

Why not lower the corporate tax rate, which is what results in economic expansion? It is economic expansion that results in job creation.

What you are suggesting is not going to result in expansion, and it simply forces a whole new brand of bureaucratic red tape on companies in terms of their accounting and tax preparation, to show government bureaucrats how many new people they hired so they can claim some credit for each newly hired employee! Sheesh! The liberal mind is amazing <shaking my head>.

That would be good only for the year in which they hired those employees. This simply would have no effect on economic expansion. It is a gimmick, which means it sounds good to liberals, and would likely get votes for Democrats, but it would do nothing to help the economy.

Think!

And one more thing. Companies are not going to hire more people simply to get a tax break. They hire people on the basis of need; i.e., expansion must come first. Which, again, is the rational behind lowering the corporate tax rate.

Keeping individual rates low for the so-called rich, leaves more money in the private sector to be invested (because people with "risk capital" invest, they do not sit on their money — they put it to work!).

Last edited by nononsenseguy; 08-20-2012 at 06:01 AM..
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Old 08-20-2012, 06:12 AM
 
Location: NE Ohio
30,193 posts, read 16,629,264 times
Reputation: 8850
Quote:
Originally Posted by cuebald View Post
So you're confirming that the unemployment figures are artificially high because the CEOs want Obama defeated and a puppet in office who will insure Wealthcare for the super rich.

Thanks. We thought that that was the case. It's good to hear it from someone in the know.

I'll vote Obama now, for sure, and a lot of other people will as well.
You people really just don't 'get it,' do you? Obama's policies are what are depressing the economy. Businesses don't know what there taxes are going to be, and what they do understand is that they are going to be hire.

ObamaCare is causing them to downsize, because of the cost to employers.

Vote for Obama? That would be stupid. See more of the same for another four years, and worse besides. Hope you have a job.

Your rhetoric above is pure Democrat propaganda. Wise up. Learn.

I'm wondering what your education is? High School only? Or less?
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