Joe Biden's $11 Trillion Plan to Bankrupt America
[URL]https://reason.com/video/2020/11/09/joe-bidens-11-trillion-plan-to-bankrupt-america/[/URL]
[QUOTE=Elvis2008;2858743]If you wanted to go after billionaires, you would go after capital gains and carried interest, but that was downed by one of your own after she got paid off: [URL]https://www.pbs.org/newshour/politics/sinema-received-nearly-1-million-from-wall-street-while-killing-tax-hike-on-investors[/URL].[/QUOTE]I have some comments about your post Elvis. Some you'll agree with and some you'll disagree with. But we're on the same page.
Yes, you're spot on with your criticism of carried interest. Kyrsten Sinema however overall was a force for good. Without her and Joe Manchin, Joe Biden's $11 trillion plan to bankrupt America (see link above from Reason Magazine) might have been realized. Instead, Democrats only managed to pass five or six trillion in unfunded spending in 2021 and 2022.
I don't know how Sneaky Chuck Schumer got Kyrsten to take the blame for this one. He's been keeping the carried interest loophole alive for years with backdoor machinations. Maybe this is how:
[URL]https://www.washingtonexaminer.com/opinion/heres-why-chuck-schumer-will-never-close-the-carried-interest-loophole[/URL]
As to capital gains, while progressive think tanks would have you believe otherwise, mainstream economists believe the revenue maximizing capital gains tax rate is around 30%. The current maximum federal rate is 23.8%, and the state + federal rate in deep blue California is 37.1%. The only reason to raise the maximum capital gains rate to 43.4% (56.7% including the state income tax in California) as proposed by Joe Biden would be for political purposes, to demagogue and soak the rich. Everyone loses though as the federal government would collect less in revenues. When the capital gains tax rate is set too high, people just don't sell assets. Not only that, the economy doesn't operate as efficiently. To take an example from the last century, it's like encouraging people to keep their shares in the buggy whip manufacturer, instead of selling them, paying the capital gains tax, and reinvesting in Ford Motor Company. A similar principle applies to the federal tax on dividends, which Biden also wanted to raise to 43.4%. Thankfully Sinema and Manchin prevented this too.
[QUOTE=Elvis2008;2858743]And the richest neighborhoods are all voting Democrat now. Gee, I wonder why.
Maybe you can tell me how sky high interest rates and higher prices including on housing help the poor and middle class.[/QUOTE]As to your first point, not necessarily. My city has the highest per capita income and per capita GDP in the USA. And it's deep red. It went for Trump by 57 percentage points in 2020.
It would be more correct to say neighborhoods with a propensity to suck off the government tit are voting Democratic. As are people who benefit from Democratic Party policies. And the inverse is true. The reason my city is deep red even though there are more Hispanics than whites is because many Democrats want to kill the main industry here as they mistakenly think that will prevent global warming. Anyway, look at Sam Bankman Fried and green energy entrepreneurs. They're wealthy, and firmly behind Democrats.
[QUOTE=Elvis2008;2858743]You mean you were dumb enough to think you could print up trillions of dollars, pay people to not work, and NOT have a recession? LOL.
My recession? No, you Democratic douches thought the above would not cause one. Do you know anything about economics outside of Republicans bad, Dems good?
.[/QUOTE]I see where you're going with this Elvis. Yes if Washington keeps printing trillions, and our federal debt held by the public increases a lot more from the previously unimaginable 100% of GDP level, we'll go the same way as southern Europe. In the short term, Biden and the Democrats juiced the economy by pumping $1. 9 trillion of unneeded stimulus into economy in the first quarter of 2021 through the American Rescue Plan, followed by an addition $3 trillion+ of unfunded spending spread over 10 years through other legislation. This actually reduced the probability of recession during the time that Biden was president and Democrats controlled the House and Senate. But at what cost? The bankrupting of America?
Trump RBG'd or Big Mac Attack?
[QUOTE=EihTooms;2858386]This accessment by Gen. Milley might serve to counter Maher's opening that show with a joke based one of his new favorite Repub talking point lies that "unlike Law and Order, Rule of Law Repubs, soft on crime Democrats have legalized shoplifting," closing with that Grand Finale about how old Biden will come off at the debates vs how youthful, robust and healthy Donald "Please, somebody help me waddle down this ramp"[b] Covefe Trump[/b] is by comparison even after defeating Barack Obama in 2016 and brilliantly avoiding plunging us into "World War 2"! ... [/QUOTE] Yeah, I'm sure you've heard the latest Bill Maher punchline, when it comes to Biden's age. Bill Maher:
[i] "Well you know, he's done fine for the 1st Term, but [b]he's gonna be RBG'd,[/b] if he trys to run again." [/i]
But what's missing is the punchline for the Repubs, as, they are eyeing a similar fate. As....
Meanwhile, on the Repub side, their front-runner at 77 years old (and ONLY 3-yrs behind Biden), is way ahead by some 30-40 points, of those other candidate hopefuls, as they get smaller in the rear-view and are all just hoping praying and wishing for the "Orange Menace", to also [b]get RBG'd[/b] or suddenly just drop dead, from [b]a Big Mac attack.[/b] (...kkkk!)
One of the Last Bastions of Republican Hope!
[QUOTE=EihTooms;2858422]... Being "better at handling the economy than the Democrats", as Mainstream Media works so hard to plant in the heads of the electorate by any means possible, the Repub Party's success rate in Doing Nothing, Knowing Nothing, wiping out millions upon millions of jobs and thousand upon thousands of businesses, skyrocketing the unemployment rate and deficit spending with nothing to show for it and shutting down the government to convince all other budding Captialist democracies around the world to immediately drop such a dumb idea is second to none.
In fact, I think it is the only political entity in any democracy on the planet that achieves that goal over and over and over again yet still somehow manages to exist. Kudos to pro-Repub "Bothsiders" like those found in Mainstream Media, here and Bill Maher for that I suppose. [/QUOTE] And while they're tearing down that fallacy, perhaps we can also get rid of the other bastardize impediment towards a real and proper democracy[b]...The electoral College.[/b]
Yes, that's right...The electoral College. Every other democracy in the world that had an electoral college, have tossed it out, abolished it, or have put an end to this antiquated, out-dated pile of crap, and tossed it in the anti-democratic dustbin of history.
Why haven't the good ol' United States America, done the same? I really wonder why...that right Elvis, you guess it, [b]bad Republicans![/b] (...kkkk!)
Ah yes, that Plan to Bankrupt America that never happens
[QUOTE=Tiny12;2859057][URL]https://reason.com/video/2020/11/09/joe-bidens-11-trillion-plan-to-bankrupt-america/[/URL]
I have some comments about your post Elvis. Some you'll agree with and some you'll disagree with. But we're on the same page.
Yes, you're spot on with your criticism of carried interest. Kyrsten Sinema however overall was a force for good. Without her and Joe Manchin, Joe Biden's $11 trillion plan to bankrupt America (see link above from Reason Magazine) might have been realized. Instead, Democrats only managed to pass five or six trillion in unfunded spending in 2021 and 2022.
I don't know how Sneaky Chuck Schumer got Kyrsten to take the blame for this one. He's been keeping the carried interest loophole alive for years with backdoor machinations. Maybe this is how:
[URL]https://www.washingtonexaminer.com/opinion/heres-why-chuck-schumer-will-never-close-the-carried-interest-loophole[/URL]
As to capital gains, while progressive think tanks would have you believe otherwise, mainstream economists believe the revenue maximizing capital gains tax rate is around 30%. The current maximum federal rate is 23.8%, and the state + federal rate in deep blue California is 37.1%. The only reason to raise the maximum capital gains rate to 43.4% (56.7% including the state income tax in California) as proposed by Joe Biden would be for political purposes, to demagogue and soak the rich. Everyone loses though as the federal government would collect less in revenues. When the capital gains tax rate is set too high, people just don't sell assets. Not only that, the economy doesn't operate as efficiently. To take an example from the last century, it's like encouraging people to keep their shares in the buggy whip manufacturer, instead of selling them, paying the capital gains tax, and reinvesting in Ford Motor Company. A similar principle applies to the federal tax on dividends, which Biden also wanted to raise to 43.4%. Thankfully Sinema and Manchin prevented this too.
As to your first point, not necessarily. My city has the highest per capita income and per capita GDP in the USA. And it's deep red. It went for Trump by 57 percentage points in 2020.
It would be more correct to say neighborhoods with a propensity to suck off the government tit are voting Democratic. As are people who benefit from Democratic Party policies. And the inverse is true. The reason my city is deep red even though there are more Hispanics than whites is because many Democrats want to kill the main industry here as they mistakenly think that will prevent global warming. Anyway, look at Sam Bankman Fried and green energy entrepreneurs. They're wealthy, and firmly behind Democrats.
I see where you're going with this Elvis. Yes if Washington keeps printing trillions, and our federal debt held by the public increases a lot more from the previously unimaginable 100% of GDP level, we'll go the same way as southern Europe. In the short term, Biden and the Democrats juiced the economy by pumping $1. 9 trillion of unneeded stimulus into economy in the first quarter of 2021 through the American Rescue Plan, followed by an addition $3 trillion+ of unfunded spending spread over 10 years through other legislation. This actually reduced the probability of recession during the time that Biden was president and Democrats controlled the House and Senate. But at what cost? The bankrupting of America?[/QUOTE]Remember how Woodrow Wilson and FDR "bankrupted" America to win World War I and World War II? I mean, despite the fact that the brilliant Repub economic steward behind that brilliant Repub $1. 5 Trillion tab every ten years into infinity Tax Cuts and Jobs Act, Donald Trump, brilliantly dodged our involvement in "World War II", maybe just 80 years too late.
But for non World War and non Trump's Pandemic eras, nobody did a better job of "bankrupting" America than 3rd Place Ronald Reagan, almost increasing the USA debt by as much as the 4th, 5th and 6th Place presidents combined!
In fact, add Repub Reagan's non World War, non Trump's Pandemic VP's increase in the debt at 6th Place and it is even more amazing what incoming Dem President Clinton and his 1993 and 1994 Dem Congress accomplished with a "bankrupt" America. And that is on top of how they accomplished it despite Nude Grinbitch and his fellow Do Nothing, Knowing Nothing Repubs attempting everything today's Do Nothing, Know Nothing USA Economy-attacking Pink Tinkle Repubs would have attempted then to destroy the USA economy.
[B]U.S. Debt by President: Dollar and Percentage.[/B]
[URL]https://www.investopedia.com/us-debt-by-president-dollar-and-percentage-7371225[/URL]
Identity Politics, not so clinical as X, Y and (sometimes) Z?
[QUOTE=CrowExplorer;2858735]You need to work on your reading comprehension skills. I said that if I (a man) had a surgeon cut my dick off, and carve a nasty gash in its place, it would not magically make me a woman, it would make me a MAN with a mutilated dick.
It's the woke side that is confused. And believes men can have a "female penis".
Women have an XX chromosomal make up, they have ovaries, produce eggs, etc.
Now I can already see where you will take this. Yes. If a woman cannot produce eggs, she is still a woman.
Also, if a human is born without arms or legs, they are still a human, even though an average human is described as having two arms and two legs. This case would simply be a deviation from a standard. This human with no arms of legs is not magically a snake, or something non-human because of a defect. Just like a man does not become a different gender if his penis is missing.
This is very basic stuff.
And I'm not surprised at all that you think that transsexual story book hour is "cool". You probably support the wide use of puberty blockers as well. In the coming years we will have 18 year olds with the bodies of 10 year olds, and certain types of men can fulfill their sick fantasies legally. [/QUOTE]
Wasn't really expecting, the sterile clinical (XX and XY chromosomal) definition as a response, since that's a given. But Okay...fair enough response/rebuttal w/r to answering the question(s).
Somehow though, I was expecting more then just a sterile clinical definition, since I also consider, that there is [b]a definite societal[/b] (or social)[b] aspect[/b] to the question(s), regarding "what is a woman?" or "what is a man?". One that does bring to the table, a more nuanced or more complex definition of "what is a woman/man?"
Yeah, I could be over thinking it, but considering that we do now live in a more complex society and we're no longer living in the dark ages, [i]"a deeper dive"[/i] into said questions, should be warranted.
So I'm okay, with just a simple clinical definition, albeit a bit limited in scope/definition, to what I consider a more complex question, in an ever growing complex society. Why else would many of us keep calling into question, one another's identity? And thusly, perpetrate and weaponize [b]"Identity Politics"?[/b]
For Example:
[LIST]Why are you so {...fill-in-the blank}? Or
Why aren't you more like {...fill-in-the blank}? Or
Why do you (assuming they actual do) [b]hate your own race/people[/b] (white, black, yellow, red, purple..etc)? [b]As if [/b]there's ONE STANDARD WAY to live, think, believe, work, play and thrive in life given your cultural heritage as a member of a certain race, sex, culture, ethnic group, economic group, social group...etc.
Do you NOT KNOW if your a man or women? Or
Do you NOT KNOW if your a {...fill-in-the blank}?[/LIST]Is it all just genuine curiosity or [b]hateful rhetoric[/b], meant to embarrass, insult and humiliate?
[u]StoryBook Hour:[/u]
With regards to kids learning, reading and attending a very cool "StoryBook Hour" vs. [b]attending a "Nazi" book-banning/booking-burning bonfire[/b], I'll take "StoryBook Hour", 24/7/365, each and every time.
But as you've stated, [b]clinically they are still men[/b], despite what Repubs and Christian right want you believe or think...RIGHT!
Everything Trump Touches Turns to Sh*t!
[QUOTE=Tiny 12;2859049]It's nice to see Democrats attacking Democrats. Bill Maher must be the Progressive Democrat's Ray Epps.[/QUOTE]
Difference is, Democrats aren't about to produce, enact or carry-out the latest [b]real-life[/b] action version and go all [b]"Kill Bill Vol #3"[/b], on his comedic ass (...kkkk!). Or AR-15, bomb, machete, knife or flag-pole him and/or lay waste to his show/business. Or burn his books for that matter.
But speaking of laying waste to Ray Epp types...take a look at your MAGA Repub's very own [i]"Ray Epps, the clown edition"[/i], namely "MyPillow Guy" aka. Mike Lindell. It appears the Mr. Lindell is now broke and/or bankrupted, according to his lawyers, to whom he owes millions of dollars to.
[b]MyPillow's Mike Lindell is broke, can't pay millions in legal bills [/b]
[URL]https://nypost.com/2023/10/06/mypillows-mike-lindell-is-broke-cant-pay-millions-in-legal-bills-lawyers/[/URL]
Yet another prime example of QAnon/MAGA/Repub gullible sucker cult brigade, that have hitch their wagon to the Orange Menace, and have been taken to the cleaners and/or left for dead.
Times like these, I'm reminded of Never Trumper ex-GOP Strategist, Rick Wilson's book, "Everything Trump Touches Dies" [URL]https://www.youtube.com/watch?v=0yafBxWUQNY[/URL]