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#418341 - 06/30/08 08:51 PM
Re: How Obama would tax the wealthy
[Re: MarkHB]
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Admiral
Registered: 03/16/03
Posts: 2765
Loc: Central New York
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To start, Obama frequently cites $250,000 as the line between those who would be subject to higher taxes and those who wouldn't.
Obviously, this is a ploy to get more votes. I suppose there are hundreds of thousands, maybe millions of registered voters who would like to see the >250K people taxed more. I was naively (is that a word?) shocked at the taxes I paid for 2007. Business is up a tick over 20% after the first 2 quarters in 2008. Expenses are way down. We will most assuredly NOT be voting for Mr. Obama if he holds to this tax plan... I provide a very valuable asset to my community, IMO, and it certainly does trickle down to my employees, suppliers, insurance cos, and a whole host of other businesses. So, because of my hard work, long hours, and ambition, Mr. Obama wants to penalize me more than we already are? How about cutting down on the rediculous spending and waste? No, that would make too much sense.
_________________________
Bob 2002 Cobalt 226 350 MPI B1
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#418345 - 06/30/08 08:58 PM
Re: How Obama would tax the wealthy
[Re: D-Rod]
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Admiral
Registered: 12/17/02
Posts: 8311
Loc: Sammamish, Washington
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I've had enough. I'm going to close this thread.
Those (few) of you who venture over to the 'finance' area of the board may have noticed that political threads (that subject requiring no real knowledge---only an opinion and a willingness to declare it correct) attract a great deal of attention.
I notice that a good number of important posts about developments in the "financial" arena go unread and uncommented upon. Maybe I'm wasting my breath here.
Couple of data points for you to consider:
The Dow finished today 19.87% below it's latest high. Adjusted for the value of the dollar (118 in 2001, when the Dow was at 11350, now at 72), it has a constant dollar value below 7,000.
You're paying above $4.00 for a gallon of gas, and prices of staple groceries are through the roof---and you sit still and swallow the crap fed to you (and revised repeatedly) from "official" sources saying inflation is under control.
Real estate values have not only receded, they've headed south faster than any time in the history of these United States, INCLUDING THE DEPRESSION YEARS OF THE 1930s.
And you haven't got time to read more than a paragraph at a time of the reasons why?
And you want to waste our time parroting media planted soundbites and slogans?
My ASSUMPTION is that if you're on this section of the board, you have a real and present interest in what is going on in the financial markets--on a macro scale--and what it may mean to you personally. If that is NOT the case, or if you just want to 'mix it up' with politically motivated rants and diatribes, move on, there's no room for it here.
IGNORE THIS AREA if you're unwilling to do some reading and spend time considering the sources of information. If you want a few fast facts and a paragraph of pablum, report to the financial forums on Yahoo. This isn't the place for it. And if that means these discussions take place among half a dozen interested participants, I prefer THAT to this nonsense.
_________________________
"Corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed." -- Abraham Lincoln "America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." - Abraham Lincoln -
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9 registered (Admin, CJS, Heyboer, Jeff Hankel, kdl, Philr, Talon, TexasA&M, WaterMutt),
6
Guests and
2
Spiders online. |
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Key:
Admin,
Global Mod,
Mod
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