Page 5 of 18 FirstFirst 12345678910111215 ... LastLast
Results 53 to 65 of 232

Thread: Taxing wealth

  1. #53
    Join Date
    Sep 2002
    Posts
    26,465
    Post Likes
    What is a "cocaine mansion" ?

    Quote Originally Posted by gustavhorna View Post
    kind of.... but wait $900 per month, that's a bit high? I would expect the property "taxes" (aka home owner rip off) to be maybe around $1000 per year, but this amount per month? What town/region is that and what kind of house, some cocaine mansion maybe?
    PHM
    --------
    The conventional view serves to protect us from the painful job of thinking.

  2. #54
    Join Date
    Apr 2009
    Posts
    4,219
    Post Likes
    Quote Originally Posted by gustavhorna View Post
    in your wonderful capitalism and land of free when you work, first you have to pay the IRS before you can ever buy a bread to eat... I really call this freedom!
    What system of government exists that does not require any money to operate? Capitalism allows people to create business, grow business, reap profits, reinvest and hire more people who also contribute to the economy and some even start their own business. Capitalism provides the profit incentive for people to invent, take chances at business and possibly become wealthy. Government collects more taxes as a percentage of the success of those whom it serves.

    Socialism and Communism take away incentive and make it next to impossible for anyone to move upwards in the socialistic caste system. Individuals are unable to better themselves under socialism. Under socialism the economy is sluggish and lacks growth. Why work harder when the government just takes it from you, besides, the socialistic system will provide the minimum I need to remain alive. Alive, bored, poor and without incentive because the system works against you in every way.

    Socialists look at the economic success of the United States and envy us. But, instead of doing the same, they hate us for our success. Gee, is it any wonder that so many people are trying to enter the United States even at great physical risk! The problem is, they unlike those who immigrated here in the past, are coming, not to work and move up via the capitalistic economic opportunity available, no they want the free stuff provided by those of us who actually do the work.
    "No matter how thirsty your imagination, mirages contain no water"

  3. #55
    Join Date
    May 2014
    Location
    Bay Area California
    Posts
    24,698
    Post Likes
    Thread Starter
    Quote Originally Posted by garyed View Post
    I can't believe anyone would go for a tax like that. It doesn't even make sense to me. I would think it has more to do with real property & income but nothing would surprise me with all these idiots running for president today.
    I know it does not make sense to any sane person, but the new socialist Progressive left has been openly talking about it. Let me give another example to drive home the point.

    in a previous example I was talking about if you we're done paying the mortgage, whatever your home was worth, the wealth tax would be applied to that wealth. Now think about this, maybe you are only half done paying for the house, meaning you are still making payments. Then what you would be taxed on would be the equity that you have in the property, because that Equity would apply to your wealth.

    This is what the Socialist Progressive left has been tossing around as a way to pay for all of the free things they want to give people.
    If you were a real tech, you'd solder a relay on that board and call it good to go.

    I do a triple evac with nitro to remove non condensables.

    I use 56% silver on everything except steel.

    Did you really need the " If you were a real tech " ??

  4. #56
    Join Date
    Jun 2019
    Posts
    762
    Post Likes
    Quote Originally Posted by Hugh B View Post
    Socialism and Communism take away incentive and make it next to impossible for anyone to move upwards in the socialistic caste system. Individuals are unable to better themselves under socialism.
    it is same in capitalism. Socialism AND capitalism have failed.

  5. #57
    Join Date
    Jun 2019
    Posts
    762
    Post Likes
    Quote Originally Posted by Poodle Head Mikey View Post
    What is a "cocaine mansion" ?
    palace like house :P or what else would cost $900 per month in taxes?

  6. #58
    Join Date
    Apr 2009
    Posts
    4,219
    Post Likes
    Quote Originally Posted by gustavhorna View Post
    it is same in capitalism. Socialism AND capitalism have failed.
    Wow, the wealth and industry capitalistic America enjoys is amazing for such a failure. Our poor eat regularly, own TV sets, drive cars and have the Internet. Given a little initiative, our poor in the United States have the ability to move up into the middle class or higher. Try that in Venezuela, Mexico, India, North Korea, Cuba, etc...

    I like the so called "failed capitalism" of the American economic system. BTW, all of this without real pure capitalism available. You see, the government restrictions on American style capitalism is restraining it from real success. That is one of the things Trump is trying to accomplish and has to a degree, remove the restrictions that prevent capitalism from raising our economic standard still higher. To the extent he has been able to do so, our economy has surged ahead compared to Obummer and the democrats.
    "No matter how thirsty your imagination, mirages contain no water"

  7. Likes Brian8383 liked this post
  8. #59
    Join Date
    Jun 2019
    Posts
    762
    Post Likes
    Quote Originally Posted by Hugh B View Post
    Wow, the wealth and industry capitalistic America enjoys is amazing for such a failure. Our poor eat regularly, own TV sets, drive cars and have the Internet. Given a little initiative, our poor in the United States have the ability to move up into the middle class or higher. Try that in Venezuela, Mexico, India, North Korea, Cuba, etc...
    you still not getting it, right? You own TV sets, drive cars and have the Internet, BECAUSE Venezuela, Mexico, India, North Korea, Cuba and so on IS staying poor. US externalized the poverty.

  9. #60
    Join Date
    Apr 2009
    Posts
    4,219
    Post Likes
    Quote Originally Posted by gustavhorna View Post
    you still not getting it, right? You own TV sets, drive cars and have the Internet, BECAUSE Venezuela, Mexico, India, North Korea, Cuba and so on IS staying poor. US externalized the poverty.
    You have no clue how economics actually works or how it is connected to freedom and liberty. Venezuela was a wealthy nation until they went SOCIALISTIC! Capitalism and Freedom are directly connected. As are economic prosperity and capitalism connected.

    You left wing progressives are really, really out to lunch! Shows what a progressive education (or lack of education) produces. Dumb socialists are the product.
    "No matter how thirsty your imagination, mirages contain no water"

  10. Likes Brian8383 liked this post
  11. #61
    Join Date
    Jun 2019
    Posts
    762
    Post Likes
    The problem with economics is actually it does NOT work. You confuse two things in the US:

    1) everyone can become millionaire
    2) all people can become millionaire (at the same time)

  12. #62
    Join Date
    Apr 2009
    Posts
    4,219
    Post Likes
    Quote Originally Posted by gustavhorna View Post
    The problem with economics is actually it does NOT work. You confuse two things in the US:

    1) everyone can become millionaire
    2) all people can become millionaire (at the same time)
    That is a non-sequitur. Totally nonsense.

    Every country has an economy of some sort. The question is always a matter of the health of the existing economy. To make the statement that "the problem with economics is actually it does not work", is nonsensical. Shows that you have no idea of what we mean by an economy. Your pro left wing Marxist indoctrination is showing.
    "No matter how thirsty your imagination, mirages contain no water"

  13. #63
    Join Date
    May 2006
    Location
    Deep Southeast
    Posts
    7,729
    Post Likes
    Quote Originally Posted by Brian8383 View Post
    They are always scheming and hiding who they are are. They never stop. It's always a game to strip individuals of the wealth and liberties.

    Gary, do you understand what taxing unrealized gains means? And the effect that will have? Do you have any idea what the death tax presently does to individuals and families and what raising those taxes would do? How anyone in their right mind can support these things..... I have no words. And these are the people running the Democrat party.

    Why people support liberals is beyond me. The left are masters of amassing power and control by exploiting human weakness. It's a sickness. On both sides.
    I haven't done any research on this, but if my understanding is correct, since we will all be looking for ways to avoid the tax, the banking industry will be effected in a huge way. Who would keep their money in a bank if it's going to be taxed just for being there? Who will make investments of the tax makes it 'not worthwhile'?

    They may make out on refinancing mortgages, but I see pitfalls there too. It seems to me that this idea could significantly and negatively effect the economy.

    These observations may be flawed, given my limited knowledge, but there are plenty of flaws with this "plan" to go around.

    As with everything else the Left comes up with, it's not just poorly thought out, it's not thought out at all.

    My final word isn't to the masses, but to the Ruling Elite Dummies (RED): Idiots, one and all.

  14. #64
    Join Date
    May 2006
    Location
    Deep Southeast
    Posts
    7,729
    Post Likes
    Quote Originally Posted by Hugh B View Post
    That is a non-sequitur. Totally nonsense.

    Every country has an economy of some sort. The question is always a matter of the health of the existing economy. To make the statement that "the problem with economics is actually it does not work", is nonsensical. Shows that you have no idea of what we mean by an economy. Your pro left wing Marxist indoctrination is showing.
    He may well be that, but he seems first and foremost a troll.

  15. Likes lions_lair liked this post
  16. #65
    Join Date
    Sep 2002
    Posts
    26,465
    Post Likes
    How does US accomplish that feat ?

    Quote Originally Posted by gustavhorna View Post
    you still not getting it, right? You own TV sets, drive cars and have the Internet, BECAUSE Venezuela, Mexico, India, North Korea, Cuba and so on IS staying poor.

    US externalized the poverty.
    PHM
    --------
    The conventional view serves to protect us from the painful job of thinking.

Page 5 of 18 FirstFirst 12345678910111215 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •