PILOT SPIN

Spin Zone => Spin Zone => Topic started by: Mase on March 23, 2016, 05:55:19 PM

Title: Soak The Rich
Post by: Mase on March 23, 2016, 05:55:19 PM
Stuart Varney pretty well shuts this guy down:

Title: Re: Soak The Rich
Post by: PaulS on March 23, 2016, 06:32:56 PM
Eric is so f'ng stupid, he thinks the government creates wealth, that the government legislates people's money.  Typical liberal nonsense.  Great video.
Title: Re: Soak The Rich
Post by: nddons on March 23, 2016, 08:10:03 PM
I love Stuart Varney. 
Title: Re: Soak The Rich
Post by: President in Exile YOLT on March 23, 2016, 08:38:25 PM
Weasels. They will never, ever tell you exactly how much is "fair."
Title: Re: Soak The Rich
Post by: acrogimp on March 23, 2016, 08:49:51 PM
Weasels. They will never, ever tell you exactly how much is "fair."
And when you ask them how much should we give, they only answer more, more, more, more.

'Gimp
Title: Re: Soak The Rich
Post by: President in Exile YOLT on March 23, 2016, 08:52:00 PM
That guy had every bogus talking point ready to fire out. He was like Aunt Peggy in drag.


I don't know the name of the black guy but he was 100% right; the ones who pay the least suck up most of the resources.
Title: Re: Soak The Rich
Post by: MarkZ on March 23, 2016, 08:57:38 PM
It kinda sounded like the guy wanted to make the point about capital gains taxes, but confused it with general income taxes...

In any case, fuck Stuart Varney.  He's a Hannity or a Limbaugh with a cool accent. 
Title: Re: Soak The Rich
Post by: Mase on March 23, 2016, 09:18:53 PM
It kinda sounded like the guy wanted to make the point about capital gains taxes, but confused it with general income taxes...

In any case, fuck Stuart Varney.  He's a Hannity or a Limbaugh with a cool accent.

Shall we discuss the issue, or shall we engage in personal attack?
Title: Re: Soak The Rich
Post by: Lucifer on March 24, 2016, 03:01:28 AM
Shall we discuss the issue, or shall we engage in personal attack?

When one can't make a point, always revert to a personal attack.

Alinsky in action.
Title: Re: Soak The Rich
Post by: President-Elect Bob Noel on March 24, 2016, 03:58:24 AM
Shall we discuss the issue, or shall we engage in personal attack?

why can't we do both?

;-)
Title: Re: Soak The Rich
Post by: Joe-KansasCity on March 24, 2016, 04:37:23 AM
It kinda sounded like the guy wanted to make the point about capital gains taxes, but confused it with general income taxes...

In any case, fuck Stuart Varney.  He's a Hannity or a Limbaugh with a cool accent.

Fuck all of you idiots that believe paying 50-60 percent of one's income or more to the government is not enough.  Dickhead!
Title: Re: Soak The Rich
Post by: EppyGA - White Christian Domestic Terrorist on March 24, 2016, 04:37:42 AM
That guy had every bogus talking point ready to fire out. He was like Aunt Peggy in drag.


I don't know the name of the black guy but he was 100% right; the ones who pay the least suck up most of the resources.

Charles Payne is his name.
Title: Re: Soak The Rich
Post by: EppyGA - White Christian Domestic Terrorist on March 24, 2016, 04:40:09 AM
The words, "cutting Government" were never uttered by that guy.  Notice how Liberals/Progressives never mention the possibility of cutting.  They always require more money.  When Charles outed the guy as having inherited wealth the guy go a bit sheepish.  Any bet he made his money day trading after he inherited the starter fund?
Title: Re: Soak The Rich
Post by: FastEddieB on March 24, 2016, 05:08:15 AM
As an aside, that had to be from several years ago.

It was nostalgic to watch the prices for silver and gold, and the Dow, flash by in the lower right.

Apple was over $500, indicating it had to be well before their 7 for 1 split in 2014.
Title: Re: Soak The Rich
Post by: President in Exile YOLT on March 24, 2016, 06:10:52 AM
Charles Payne is his name.

Thanks!
Title: Re: Soak The Rich
Post by: President in Exile YOLT on March 24, 2016, 06:12:10 AM
As an aside, that had to be from several years ago.

It was nostalgic to watch the prices for silver and gold, and the Dow, flash by in the lower right.

Apple was over $500, indicating it had to be well before their 7 for 1 split in 2014.

That numbnuts was riding on the idiotic quote from Buffet about his damned secretary, who probably makes $400K.

And Obozo's assertion that families earning $250K are "millionaires and billionaires"
Title: Re: Soak The Rich
Post by: President-Elect Bob Noel on March 24, 2016, 06:36:07 AM
That numbnuts was riding on the idiotic quote from Buffet about his damned secretary, who probably makes $400K.

And Obozo's assertion that families earning $250K are "millionaires and billionaires"

Well, what's a "millionaire"?    It shouldn't take too long to acquire a million dollars worth of assets with an annual salary of $250,000, especially if you consider retirement assets.  It would take a bit longer to have net worth of at least one million dollars.

 
Title: Re: Soak The Rich
Post by: President in Exile YOLT on March 24, 2016, 07:25:40 AM
Well, what's a "millionaire"?    It shouldn't take too long to acquire a million dollars worth of assets with an annual salary of $250,000, especially if you consider retirement assets.  It would take a bit longer to have net worth of at least one million dollars.

 

Most people don't reach that kind of comp until they've been out of school and making a lot less for a long time. In other words, middle aged white-collar couple or small business owners who busted their asses for a lifetime of work. Very few come out of school making dough like that.

Most people who earn comp like that live in very high cost of living areas with high state and city income taxes and property taxes.

People who earn at that level only realize about half after taxes at the current rates.

The "progressive" marginal tax rates are designed to impede the accumulation of wealth.
 
Title: Re: Soak The Rich
Post by: President-Elect Bob Noel on March 24, 2016, 08:02:04 AM
Most people don't reach that kind of comp until they've been out of school and making a lot less for a long time. In other words, middle aged white-collar couple or small business owners who busted their asses for a lifetime of work. Very few come out of school making dough like that.

Most people who earn comp like that live in very high cost of living areas with high state and city income taxes and property taxes.

People who earn at that level only realize about half after taxes at the current rates.

The "progressive" marginal tax rates are designed to impede the accumulation of wealth.

All true. 

But just consider engineer salaries.  Starting salaries, and then nominal raises (performance-based or whatever).  These are salaries significantly less than $250,000 per year, but do the math.  Well before retiring an average engineer can have aquired more than a million dollars in assets.  Properly managed, the average engineer can have a net worth of more than a million before retiring. 

What has happened is that the cost of living increases over the last 50 years has eroded the lofty status of "Millionaire"

Title: Re: Soak The Rich
Post by: nddons on March 24, 2016, 08:08:56 AM

It kinda sounded like the guy wanted to make the point about capital gains taxes, but confused it with general income taxes...

In any case, fuck Stuart Varney.  He's a Hannity or a Limbaugh with a cool accent.

Why, because Varney puts forth a logical argument that can't be refuted by a liberal?

Boo fucking hoo. 
Title: Re: Soak The Rich
Post by: President in Exile YOLT on March 24, 2016, 09:38:46 AM
All true. 

But just consider engineer salaries.  Starting salaries, and then nominal raises (performance-based or whatever).  These are salaries significantly less than $250,000 per year, but do the math.  Well before retiring an average engineer can have aquired more than a million dollars in assets.  Properly managed, the average engineer can have a net worth of more than a million before retiring. 

What has happened is that the cost of living increases over the last 50 years has eroded the lofty status of "Millionaire"

A couple of mid-level engineers in MA can hit $250K no problem. But they are only keeping a little over $10K/month. To the average meathead that looks like a lot of dough, and it is comfortable, but nowhere near the level that those f-ing bastards play it up to be. You can be frugal and over a lifetime have enough to retire somewhat comfortably on but you ain't "rich".

I just met with my accountant, and anyone who says I don't pay my "fair share" is going to get a fist right between the eyes.
Title: Re: Soak The Rich
Post by: Joe-KansasCity on March 24, 2016, 11:01:53 AM
...I just met with my accountant, and anyone who says I don't pay my "fair share" is going to get a fist right between the eyes.

....Amen!

It takes a lot of guts or just plain stupidity to be one of the half that pays nothing....NOTHING.. to the federal treasury, but demands the other half are paying too little.

The country is getting dangerously close to civil unrest, and this election cycle just may be the match that lights the fuse.
Title: Re: Soak The Rich
Post by: President in Exile YOLT on March 24, 2016, 11:17:45 AM
....Amen!

It takes a lot of guts or just plain stupidity to be one of the half that pays nothing....NOTHING.. to the federal treasury, but demands the other half are paying too little.

The country is getting dangerously close to civil unrest, and this election cycle just may be the match that lights the fuse.

I have no problem with that. This country needs an enema.
Title: Re: Soak The Rich
Post by: Mr Pou on March 24, 2016, 11:45:27 AM
A couple of mid-level engineers in MA can hit $250K no problem. But they are only keeping a little over $10K/month.

I just met with my accountant, and anyone who says I don't pay my "fair share" is going to get a fist right between the eyes.

Ain't that the truth. I just looked at my pay stub today, net was 55% of gross.
Title: Re: Soak The Rich
Post by: PaulS on March 24, 2016, 12:20:37 PM
{snip}

I just met with my accountant, and anyone who says I don't pay my "fair share" is going to get a fist right between the eyes.

Man, you are going to be doing a lot of punching.
Title: Re: Soak The Rich
Post by: President-Elect Bob Noel on March 24, 2016, 01:51:11 PM

I just met with my accountant, and anyone who says I don't pay my "fair share" is going to get a fist right between the eyes.

I trust you know that I won't be one of those people.

Title: Re: Soak The Rich
Post by: President in Exile YOLT on March 24, 2016, 02:20:47 PM
I trust you know that I won't be one of those people.

Well, OK ::)
Title: Re: Soak The Rich
Post by: President-Elect Bob Noel on March 24, 2016, 05:02:17 PM
Well, OK ::)

If you think I would accuse you of not paying enough (assuming you are not one of the 47%), then you haven't been paying attention (no pun).

Title: Re: Soak The Rich
Post by: Number7 on March 25, 2016, 06:40:53 AM
It frightens all politicians to imagine a tax code where everybody pays a fixed percent.
It terrifies progressive politicians because without a punitive tax code, buying votes and owning the minority vote becomes much harder.
Title: Re: Soak The Rich
Post by: JeffDG on March 25, 2016, 07:35:56 AM
It frightens all politicians to imagine a tax code where everybody pays a fixed percent.
It terrifies progressive politicians because without a punitive tax code, buying votes and owning the minority vote becomes much harder.
It's not so much a punitive tax code.  It's the fact that with a fixed rate, they can't pick winners and losers in the economy and mold it to their wishes. 
Title: Re: Soak The Rich
Post by: Little Joe on March 25, 2016, 10:17:29 AM
It's not so much a punitive tax code.  It's the fact that with a fixed rate, they can't pick winners and losers in the economy and mold it to their wishes.
I don't know.  If you are picked as one of the losers, that is pretty punishing.
Title: Re: Soak The Rich
Post by: DJTorrente on March 25, 2016, 03:58:53 PM
It kinda sounded like the guy wanted to make the point about capital gains taxes, but confused it with general income taxes...

And who better to take advice on fiscal policy than someone who doesn't know the difference between taxing capital growth and taxing income.   :o