Post: #51

(01-23-2014 12:00 PM)Tail Gunner Wrote:  

(01-23-2014 09:33 AM)ElJefe Wrote:  The US has been routinely fucking bond-holders in the ass for decades.

I agree with almost everything that you stated in your post except raising the effective income tax on top-earners, because they already pay nearly 70 percent of the federal tax burden. The problem is not enough revenue, but far too much spending.

Well, the debate is so non-transparent, that it's important we be precise.

When I say "effective" tax, I mean "effective" tax. Not effective income tax. Not effective consumption taxes. Not effective capital taxes.

I mean effective tax on all income derived from all sources.

The effective tax, as it is today, starts out slightly progressive, then becomes regressive. For redistributional purposes, I say that's sub-optimal and given the increasing levels of stratification of our sociey, threatens the long-term cohesion of the country, which is already in serious decline.

My idea involves allowing everyone to pay the same in payroll and medicare taxes (15.3% of income), cutting marginal rates and reducing the number of brackets to just three, abolishing the corporate tax, taxing income from capital gains according to the same schedule as labor income, and eliminating deductions and credits.

Post: #52

(01-23-2014 12:22 PM)ElJefe Wrote:  My idea involves allowing everyone to pay the same in payroll and medicare taxes (15.3% of income), cutting marginal rates and reducing the number of brackets to just three, abolishing the corporate tax, taxing income from capital gains according to the same schedule as labor income, and eliminating deductions and credits.

Thanks, this is all obvious to anyone that spends 5 minutes researching SS, but it's never discussed in the .1% -owned media the bleating moron hordes of anti-soshulism dimwits can't grasp it, but only follow the hilarious efforts by Wall St to get its hands on the 15% of all income streaning in from everyone, oh except dividend income over 100k lol, but I bet even congressmen understand this when they're not dazed from fucking 16 year old hookers.

Remember the Savings and Loan "crisis." Didn't think so . They fleece us suckers every 20 years, store up the wool, and that .1% laughs harder and harder as the sheep politic for THEM, and against themselves. Wait 20 years, invent a new "crisis" and repeat.

Believe me they will shore things up so people bitch pretty bad, but not TOO bad-- no one wants to jeopardize a lifestyle like they have.

Post: #53

(01-22-2014 10:36 PM)Saga Wrote:  

(01-22-2014 05:19 PM)iknowexactly Wrote:  Enjoy your time in this period and location of unparalleled wealth, safety, and tech.

I agree with many of your points, but in my view the most pertinent pessimism is that which questions whether fulfillment can be fashioned from the number of gadgets they use or dollars they spend. A...

Excellent point, hopefully I got at some of what you're pointing out with reminding people to "Enjoy their time" which requires the acquisition of meaning beyond gadgets-- as you advocate.
As I point out to my tall, young educated male friends-- who nevertheless never get laid-- "There's no exits on a treadmill"
Just by being here in iPhone land sexual unhappiness is likely unless you really have game/fame/high wealth ( which is REALLY high in America) .

That plane flight is the Great Divide of happiness in modern times, like the mountains were in the 1800s.

Post: #54

The comments that a neurosurgeon will only begin to earn income at age 36 and still have thousands in loans is incredible. Where does the boomer generation think the medical experts will come from to keep them healthy? If your policies are screwing over young doctors, and medical expenses are the biggest predicted increase in national debt, what then?

Ken Langone sure is an asshole. "I'm a greedy, selfish, evil bastard. But thats only because its YOUR fault. I'm stealing from your unborn babies. What are you going to do about it?" I can't stand such juvenile behavior. This 78 year old man is acting like a thirteen year old trying to get a rise out of dad. Except instead of dad, its a bunch of grass fed NYU hipsters. His dad didn't give two shits about him to tolerate such churlish behavior.

I quote him directly: "Fairness is what you dictate."

How about this kenny boy. I'm going to grow up and buy lots of bitcoin so not one of your fraternity can touch one cent of it. Hows that for youth activism.

P.S. Note how Stan keeps saying "We marched on Washington! Well, actually I didn't do that."