Romney tax plan helps rich most

Re: Romney tax plan helps rich most

PostBy: Dann757 On: Fri Aug 10, 2012 7:45 am

samhill wrote:BB, I have worked for plenty of both rich & poor & overall I'd have to say I always had less trouble getting paid & more appreciation from a poorer man that made sure he had the money for the work wanted. It seems like some of the rich (not all) would always try & get something for nothing or try & find fault where there was none & I would have to wait for my money. Might not be that way for everyone or everywhere but that's my overall experience.


Yeah right. So what work have you done for poor people? Help them sign up for food stamps? Business is business, if you can't satisfy the customer then go on welfare; it's even easier now thanks to Obama.

samhill wrote:I might add that the rich need us as well,


Socialist doctrine.

samhill wrote:The middle class runs the economy, always has & always will, as the middle keeps eroding so goes the economy.


That's what Obama says; as he continues to stifle small business and wreck the energy industry, and heap more and more obstructive regulations on the middle class.
Dann757
 

Re: Romney tax plan helps rich most

PostBy: samhill On: Fri Aug 10, 2012 8:39 am

Dann, think for awhile if the middle class isn't large enough & paid well enough to buy products the only ones left are the rich. How many Ford Escorts or Chevys & Dodges do you see in their garages, how many washers & dryers do they need for their hired help? Even buying a McMansion they pay a portion of their yearly untaxed or lower rate taxed income unless they get a special mortgage rate that one of them just got recently because they can write it off & make a higher rate on their money that's invested. Ain't too many 1%ers with a 30 year mortgage wondering if they will be able to pay both it & taxes.
I have also almost had some type of small business for most of my adult life, even after having quit my last one I still got suckered into doing one or possibly more sales this year. Even without a Active Site where we announced our retiring we still get calls two years later so I think I have pleased enough customers.
samhill
 
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Re: Romney tax plan helps rich most

PostBy: xaos On: Fri Aug 10, 2012 9:05 am

Contrary to conservative wisdom, rich people do not create all the jobs in this country.
Rich people (investors) do help create some jobs,
but no sustainable job is created without the help of a healthy economic ecosystem.
One that depends heavily on the financial health of hundreds of millions of American blue collar consumers.
Unless the average, blue collar people have jobs the economy can't be fixed.
Furthermore, the deficit didn't cause the recession.
Conservative failed economic policies,Corporate CEO greed &
out-sourcing of jobs caused the recession which ultimately ballooned the deficit.
xaos
 
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Re: Romney tax plan helps rich most

PostBy: Ed.A On: Fri Aug 10, 2012 11:47 am

xaos wrote:Furthermore, the deficit didn't cause the recession.
Conservative failed economic policies,Corporate CEO greed &
out-sourcing of jobs caused the recession which ultimately ballooned the deficit.



Uhmm, nope...el-wrong-o...again. Government intervention into the banking /mortgage system that then allowed Legal use of a trading scheme that was almost unheard of. That in turn created the housing bubble which led us into recession.

Ok, prolly to hard for you to understand, and getting through the "it's Bush's Fault" which plays over and over in Liberal grey matter but here goes.

The Government (ie: Liberal politicians Frank and Dodd) drastically lowered the borrowing standards, when the Lending institutions balked they were arrsured that the Gov'mnt would back all the loans and not worry their little heads about it. Soooo, people with such qualifications like, I dunno, a Heartbeat! could get a loan for a house. Now the Lenders like ( CountryWide Chris Dodds Bestest Freinds) would sell these mortages hedging on the gov'mnt plan to back all these failed lendees (ie: people who had no means to the mortgage in ther 1st place) knowing full well it was a ponzie scheme unlike we've ever seen..buuuut it was mandated and supported by the Gov'mnt (well except those like McCain, GW BUSH and others who tried unsucessfully to stop Frank-n-Dodds out of control law.)

That is it in a nut shell....oh and Leman Brothers allowed to Fail? which signaled the collapse. Yeah, Goldman Sachs was tossed the life-ring and it's biggest Competitor Leman was cut off at the knees...imagine that <Rolls Eyes>
Ed.A
 
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Re: Romney tax plan helps rich most

PostBy: Flyer5 On: Fri Aug 10, 2012 3:13 pm

My reasoning or at least my opinion is, the problem is the fault of the consumers me included. We all buy way too much foreign crap if we would all start requesting American made goods.We would make more rich Americans sure, but the rich Americans would make more jobs with more benefits and better pay. That would also help with the health ins issues. Our government instead of focusing on entitlements they should figure out how to help make our domestic product more competitive and our workforce feel like they are being rewarded for working not the other way around. I am not sure either candidate has this figured out. Again just my opinion
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Re: Romney tax plan helps rich most

PostBy: samhill On: Fri Aug 10, 2012 3:46 pm

Ed, you keep bringing up all these deals that were made. Would you mind very much to provide a source, who knows maybe I would agree with you if you were to provide some proof.
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Re: Romney tax plan helps rich most

PostBy: rberq On: Fri Aug 10, 2012 3:55 pm

Ed.A wrote:Government intervention into the banking /mortgage system that then allowed Legal use of a trading scheme that was almost unheard of. That in turn created the housing bubble which led us into recession.... The Government ... drastically lowered the borrowing standards ... when the Lending institutions balked they were arrsured that the Gov'mnt would back all the loans ... Now the Lenders ... would sell these mortages ... knowing full well it was a ponzie

You are talking in circles. You say government intervention "allowed" a trading scheme when "allowing" it really means the government no longer forbade it. So in fact you are saying what many critics of the banks have said: government intervention should have been continued, not reduced.

Then you say the lending institutions "balked" at having their restrictions eased, and they were somehow forced against their will to make unwise loans and forced against their will to sell these loans, which they knew were bad, to other institutions after stripping off rich profit for themselves. Show me one banker who suffered moral pangs about getting in and out quick on the ponzi scheme. Show me one, and I'll show you a hundred that gaped in astonishment at the overflowing pig trough presented to them, then plunged their dirty noses in to eat all they could.
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Re: Romney tax plan helps rich most

PostBy: jpete On: Fri Aug 10, 2012 4:38 pm

You might want to call Eric Holder. Because he can't find anyone that did anything wrong.
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Re: Romney tax plan helps rich most

PostBy: franco b On: Fri Aug 10, 2012 7:10 pm

rberq wrote: Show me one, and I'll show you a hundred that gaped in astonishment at the overflowing pig trough presented to them, then plunged their dirty noses in to eat all they could.

I think you are correct, but who pressured the banks and who was guaranteeing the loans? Where was the Fed in all this who is charged with ensuring prudent banking? They were leading the charge. When Peter Schiff was warning about this a year or so in advance, who was vilifying him. This was a left wing government initiative all the way mainly by a pair of jackasses who controlled banking in Congress.
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Re: Romney tax plan helps rich most

PostBy: jpete On: Fri Aug 10, 2012 7:12 pm

Schiff was ridiculed by everyone. Left and right.

He did however, make me a fair amount of cash in my 401k. :D
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Re: Romney tax plan helps rich most

PostBy: franco b On: Fri Aug 10, 2012 7:23 pm

jpete wrote:Schiff was ridiculed by everyone. Left and right.

He did however, make me a fair amount of cash in my 401k. :D


I don't know about the right but I do remember a video where I could not believe the anger directed at him by supposedly calm and cool experts.

Just imagine the anger if Ron Paul were President. He would be the most vilified President ever to serve one term if that. But History would have a different verdict.
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Re: Romney tax plan helps rich most

PostBy: Ed.A On: Fri Aug 10, 2012 7:47 pm

Show me one banker who suffered moral pangs about getting in and out quick on the ponzi scheme. Show me one, and I'll show you a hundred that gaped in astonishment at the overflowing pig trough presented to them, then plunged their dirty noses in to eat all they could.


Uhmmm, what's your point, you just proved mine.
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Re: Romney tax plan helps rich most

PostBy: samhill On: Fri Aug 10, 2012 7:53 pm

Boy to think I was under the impression that this had all started before Obama & that there were members of both parties that were on the finance committee, learn something new everyday. I guess then that the day Obama took office everything was running well, we were in a position where we could start paying down the debt & shoring up SS & some other things Wait a minute silly me that was some other Pres.. :oops:
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Re: Romney tax plan helps rich most

PostBy: franco b On: Fri Aug 10, 2012 8:03 pm

samhill wrote:Boy to think I was under the impression that this had all started before Obama & that there were members of both parties that were on the finance committee, learn something new everyday. I guess then that the day Obama took office everything was running well, we were in a position where we could start paying down the debt & shoring up SS & some other things Wait a minute silly me that was some other Pres.. :oops:

If you are implying there were other idiots as well you are right. It still was a left wing program like most that sets out to help and makes things worse. Certainly Bush and Greenspan were among them.
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Re: Romney tax plan helps rich most

PostBy: Ed.A On: Fri Aug 10, 2012 8:20 pm

If you are implying there were other idiots as well you are right. It still was a left wing program like most that sets out to help and makes things worse. Certainly Bush and Greenspan were among them.


Yeah Franco, you and I both know that the road to hell is paved with good intentions. Problem is Liberals never seem to learn that they keep wanting to make more roads and couldn't care less of where they lead in the end...in fact that's the point.

The liberal mantra, the ends justfy the means. Romney didn't actually kill that Leftist Activist's wife but the in the scheme of things he set up the situation that allowed for him to not take a buy-out, and not opt into healthcare after he lost his job, and eventhough she had insurance and eventhough she got hurt later and lost her job and eventhough this Leftist activist never got another job in 7 years and then she was diagnosed with stage 4 cancer, WAS IN FACT ROMNEY'S FAULT FOR TAKING ON THE CHALLANGE OF KEEPING A STEEL CO. IN BUSINESS WHEN CHINA WAS DUMPING IT INTO THE MARKET AT 1/2 THE COST WE COULD PROCUCE IT. Bain should have not kept that business afloat the few years they did and just let the original owners to just SHUT IT DOWN.
Ed.A
 
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