Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: loco on February 11, 2015, 09:26:27 AM
-
AMERICA
F%@K YEAH
(http://i.kinja-img.com/gawker-media/image/upload/s--r75QKwrM--/c_fit,fl_progressive,q_80,w_636/18j23jolc3nwejpg.jpg)
US Economy: It Could Be Worse, Just Look Abroad
Posted by: Motif Investing on February 11, 2015 in Motif Spotlight
As a recent Associated Press article noted, China is slowing as it transitions from investment to consumption, Japan has slid into a recession, Russia appears headed for one, and Europe is barely growing.2
Meanwhile, even with a slowing fourth quarter, the US economy is still expected to grow 3.1% in 2015, according to a survey by the National Association for Business Economics cited by the AP.
Plunging oil prices have helped the optimism, as they’ve fallen by about 50% since the summer. The drop, along with more fuel-efficient cars, will save the average US household $550 on gas next year, according to the U.S. Energy Information Administration, the AP said. That means more money to spend on items like cars, furniture and appliances.
It’s also possible that a strengthening US economy could even hinder growth overseas. The AP said that faster growth will likely lead the Federal Reserve to raise interest rates in 2015, which could draw more investment from overseas. The inflow of capital would raise the dollar’s value and potentially cause destabilizing drops in other currencies. Governments and businesses overseas that borrowed in dollars would find it harder to repay those debts.
The AP said that the hot economies of the last decade – the emerging markets of Brazil, Russia, India and China collectively known as the BRICs – will likely grow in 2015 at their slowest pace in six years, according to Oxford Economics, a forecasting firm. Falling oil and commodity prices have smacked Brazil and Russia particularly hard.
While China may expand 6.5% or more, that’s a far cry from the nearly double-digit growth it enjoyed for decades, the AP said. Europe and Japan will be lucky to expand even 1%.
The AP suggested that the gap between the US and the rest of the world reflects a fundamental trait of our economy: It’s more insulated from the rest of the world’s ups and downs than other major economies are. Exports account for just 14% of U.S. output, the smallest share among the 34 mostly rich members of the Organization for Economic Cooperation and Development.
The AP even pointed to one US company largely protected from overseas trends: Globe Specialty Metals, a Miami-based producer of silicon metals, draws 90% of its revenue from North America. Its silicon is added to aluminum and rubber parts used in cars, and robust auto sales have boosted the company’s revenue.
http://sparkline.motifinvesting.com/economy-worse
-
Not it could be worse, It is worse than it is but luckily our gov can print cash at will and run up its debt to bandaid the situation.
-
Not it could be worse, It is worse than it is but luckily our gov can print cash at will and run up its debt to bandaid the situation.
White devil, you ain't making no sense.
-
White devil, you ain't making no sense.
The biggest threat is the threat you aren't aware of.
-
slum in India :-\
-
The biggest threat is the threat you aren't aware of.
Indeed.
-
Not it could be worse, It is worse than it is but luckily our gov can print cash at will and run up its debt to bandaid the situation.
This is the truth. The United States can only defer the inevitable for long until the bill comes due.
-
Not it could be worse, It is worse than it is but luckily our gov can print cash at will and run up its debt to bandaid the situation.
Yep
-
(https://investmeinmymotley.files.wordpress.com/2012/04/chickenlittle-e1322754718668.jpg)
-
Laugh when you look at the historical highest tax rates over the years...Can you even fathom paying a tax rate of 94% during WW2?
Year Top Marginal Rate War?
1913 7.0%
1914 7.0%
1915 7.0%
1916 15.0%
1917 67.0% WWI
1918 77.0% WWI
1919 73.0%
1920 73.0%
1921 73.0%
1922 56.0%
1923 56.0%
1924 46.0%
1925 25.0%
1926 25.0%
1927 25.0%
1928 25.0%
1929 24.0%
1930 25.0%
1931 25.0%
1932 63.0%
1933 63.0%
1934 63.0%
1935 63.0%
1936 79.0%
1937 79.0%
1938 79.0%
1939 79.0%
1940 81.10%
1941 81.00% WWI
1942 88.00% WWII
1943 88.00% WWII
1944 94.00% WWII
1945 94.00% WWII
1946 86.45%
1947 86.45%
1948 82.13%
1949 82.13%
1950 91.00% Korea
1951 91.00% Korea
1952 92.00% Korea
1953 92.00% Korea
1954 91.00%
1955 91.00%
1956 91.00%
1957 91.00%
1958 91.00%
1959 91.00%
1960 91.00%
1961 91.00%
1962 91.00%
1963 91.00%
1964 77.00% Vietnam
1965 70.00% Vietnam
1966 70.00% Vietnam
1967 70.00% Vietnam
1968 75.25% Vietnam
1969 77.00% Vietnam
1970 71.75% Vietnam
1971 70.00% Vietnam
1972 70.00% Vietnam
1973 70.00% Vietnam
1974 70.00% Vietnam
1975 70.00% Vietnam
1976 70.00%
1977 70.00%
1978 70.00%
1979 70.00%
1980 70.00%
1981 69.13%
1982 50.00%
1983 50.00%
1984 50.00%
1985 50.00%
1986 50.00%
1987 38.50%
1988 28.00%
1989 28.00%
1990 31.00% Persian Gulf
1991 31.00% Persian Gulf
1992 31.00%
1993 39.60%
1994 39.60%
1995 39.60%
1996 39.60%
1997 39.60%
1998 39.60%
1999 39.60%
2000 39.60%
2001 38.60% Afghanistan, Global War on Terror
2002 38.60% Afghanistan, Global War on Terror
2003 35.00% Afghanistan, Global War on Terror, Iraq
2004 35.00% Afghanistan, Global War on Terror, Iraq
2005 35.00% Afghanistan, Global War on Terror, Iraq
2006 35.00% Afghanistan, Global War on Terror, Iraq
2007 35.00% Afghanistan, Global War on Terror, Iraq
2008 35.00% Afghanistan, Global War on Terror, Iraq
2009 35.00% Afghanistan, Global War on Terror, Iraq
2010 35.00% Afghanistan, Global War on Terror, Iraq
2011 35.00% Afghanistan, Global War on Terror, Iraq, Libya
-
From 1936 to 1980, the highest tax rate never went below 70%. There are people crying over paying 30%-or 35%, or what it is now 39%. From 1941 to 1963 the tax rate never went under 80%. lol
-
94% tax rate? I never knew that. So you're basically working for free if you were the average man. I gotta find some books of recounts during that time.
-
94% tax rate? I never knew that. So you're basically working for free if you were the average man. I gotta find some books of recounts during that time.
That is the high tax rate for the rich. When you hear people in the bracket bitch about taxes, just know how bad it was for them not so long ago. They have it made now. Back then there weren't many in the high tax bracket. So although they paid a shitload of taxes, they were building dynasty's for their bloodlines...
-
Whoever hoards the most Gold wins in the end...
-
Whoever hoards the most Gold wins in the end...
Gold won't fill the belly. Gold only has value in a commerce system. It's useless in a barter economy or when people are lacking the basics.
-
AMERICA
F%@K YEAH
1. 46 million on food stamps
2. Lowest labor participation rate since 1977
3. Over $18 Trillion in debt
4. 50% of the American population on some form of social assistance
5. Increasing number of countries dropping the dollar for international trade
What a recovery!
-
Gold won't fill the belly. Gold only has value in a commerce system. It's useless in a barter economy or when people are lacking the basics.
Gold is money. Always has been, always will be.
-
Gold won't fill the belly. Gold only has value in a commerce system. It's useless in a barter economy or when people are lacking the basics.
Wrong gold has always be precious. No matter how fucked up the world gets, there is always going to be wealthy people on top wanting gold.
-
Wrong gold has always be precious. No matter how fucked up the world gets, there is always going to be wealthy people on top wanting gold.
That might be true once a system of commerce is established but initially people will deal in goods. Someone who has basic goods will be more important than someone sitting on a pile of gold.
-
Wrong gold has always be precious. No matter how fucked up the world gets, there is always going to be wealthy people on top wanting gold.
Heck yeah! Nice 1.5% rate of return over the last 35 years! ::)
-
Yep
In Liberia*, everything is just "fine" ;D
*Land of ex American slaves ;)
-
That might be true once a system of commerce is established but initially people will deal in goods. Someone who has basic goods will be more important than someone sitting on a pile of gold.
Why would you assume that those with gold would not have both?
-
Pretty infuriating what has become of America. Some parts will always be fine though.
-
1. 46 million on food stamps
2. Lowest labor participation rate since 1977
3. Over $18 Trillion in debt
4. 50% of the American population on some form of social assistance
5. Increasing number of countries dropping the dollar for international trade
What a recovery!
The top 1% received the bailout. The working class did not. For the mass of people, there is no recovery. Instead we get austerity. Had we engaged in higher deficit spending instead of austerity, we would have been much better off. U.S. Economic policy since the collapse of Lehman has been an astonishing and horrifying failure.
-
Laugh when you look at the historical highest tax rates over the years...Can you even fathom paying a tax rate of 94% during WW2?
Year Top Marginal Rate War?
1913 7.0%
1914 7.0%
1915 7.0%
1916 15.0%
1917 67.0% WWI
1918 77.0% WWI
1919 73.0%
1920 73.0%
1921 73.0%
1922 56.0%
1923 56.0%
1924 46.0%
1925 25.0%
1926 25.0%
1927 25.0%
1928 25.0%
1929 24.0%
1930 25.0%
1931 25.0%
1932 63.0%
1933 63.0%
1934 63.0%
1935 63.0%
1936 79.0%
1937 79.0%
1938 79.0%
1939 79.0%
1940 81.10%
1941 81.00% WWI
1942 88.00% WWII
1943 88.00% WWII
1944 94.00% WWII
1945 94.00% WWII
1946 86.45%
1947 86.45%
1948 82.13%
1949 82.13%
1950 91.00% Korea
1951 91.00% Korea
1952 92.00% Korea
1953 92.00% Korea
1954 91.00%
1955 91.00%
1956 91.00%
1957 91.00%
1958 91.00%
1959 91.00%
1960 91.00%
1961 91.00%
1962 91.00%
1963 91.00%
1964 77.00% Vietnam
1965 70.00% Vietnam
1966 70.00% Vietnam
1967 70.00% Vietnam
1968 75.25% Vietnam
1969 77.00% Vietnam
1970 71.75% Vietnam
1971 70.00% Vietnam
1972 70.00% Vietnam
1973 70.00% Vietnam
1974 70.00% Vietnam
1975 70.00% Vietnam
1976 70.00%
1977 70.00%
1978 70.00%
1979 70.00%
1980 70.00%
1981 69.13%
1982 50.00%
1983 50.00%
1984 50.00%
1985 50.00%
1986 50.00%
1987 38.50%
1988 28.00%
1989 28.00%
1990 31.00% Persian Gulf
1991 31.00% Persian Gulf
1992 31.00%
1993 39.60%
1994 39.60%
1995 39.60%
1996 39.60%
1997 39.60%
1998 39.60%
1999 39.60%
2000 39.60%
2001 38.60% Afghanistan, Global War on Terror
2002 38.60% Afghanistan, Global War on Terror
2003 35.00% Afghanistan, Global War on Terror, Iraq
2004 35.00% Afghanistan, Global War on Terror, Iraq
2005 35.00% Afghanistan, Global War on Terror, Iraq
2006 35.00% Afghanistan, Global War on Terror, Iraq
2007 35.00% Afghanistan, Global War on Terror, Iraq
2008 35.00% Afghanistan, Global War on Terror, Iraq
2009 35.00% Afghanistan, Global War on Terror, Iraq
2010 35.00% Afghanistan, Global War on Terror, Iraq
2011 35.00% Afghanistan, Global War on Terror, Iraq, Libya
Really? You used abigailcfield as your source for this propaganda? I see the left Obama supporting network CBS is also spreading this nonsense. Talk about how to deceive. This propaganda is used for the purpose of supporting Obama's long held believe the taxes should be raised on the rich and that there are enough rich to tax to make a difference. The tax rate actually started at 10% during World War II. People making over 200K were taxed heavily. 200K back then is the equivalent of making 2.2 million dollars today. 200K people paid 88%. The crazy top tax on that chart was for less than .01% of the population.
Today most have state taxes, consumer taxes, fuel taxes, real estate taxes, and just about any possible thing you can think of.
What needs to be done is a flat tax for all incomes with no exemptions or write offs. Say 28% if you make 10K and 28% if you make a billion. The revenue going to Washington would go through the roof while the amount of taxes for many of the middle class would go down. It's just that people are just to stupid to understand this. They come up with idiotic reasons like I can't write off the interest of my house and claim my kids? People have to see their tax returns now and with the flat tax percentage for them to get it.
On a side note the filthy rich everywhere have legal scams to avoid paying taxes. How many celebrities have charity foundations? Maybe all of them. Do you know why? They donate a lot of their money to their charity then it's tax free. As the head of their charity they can be or appoint an administrator who can draw a salary. Collecting a salary from your own tax free money sounds like a win win. No body watches what percentage of money actually makes it to charity. They can say 75% or more when into administration, advertising, and other costs such as travel expenses promoting it. Another scam is declaring their mansion and the land that it's on as farm property to avoid paying real worth real estate taxes on it. They do crap like have bee farms, horses or some other stuff they sell from their property to meet the very low money quantity to qualify as farm land. I could go on about the money game the wealthy do avoid taxes but that's just two examples.
There should be a flat tax regardless of income. It will never happen because the rich would go berserk contacting their connections and the stupid would complain about their write off. Can you imagine the owners and CEO of CBS, NBC, ABC and the rest would have story after story why a flat tax is a bad idea leading the sheep who watch. The real reason is that they couldn't hide their money.
-
The top 1% received the bailout. The working class did not. For the mass of people, there is no recovery. Instead we get austerity. Had we engaged in higher deficit spending instead of austerity, we would have been much better off. U.S. Economic policy since the collapse of Lehman has been an astonishing and horrifying failure.
Well, the 1% have bailed out the US economy in the past. It's only fair the 99% gave something back for a change.
"The Panic of 1907 was a financial crisis that almost crippled the American economy. Major New York banks were on the verge of bankruptcy and there was no mechanism to rescue them, until Morgan stepped in to help resolve the crisis.[11][12] Treasury Secretary George B. Cortelyou earmarked $35 million of federal money to quell the storm but had no easy way to use it. Morgan now took personal charge. Meeting with the nation's leading financiers in his New York mansion, he forced them to devise a plan to meet the crisis. James Stillman, president of the National City Bank, also played a central role. Morgan organized a team of bank and trust executives which redirected money between banks, secured further international lines of credit, and bought up the plummeting stocks of healthy corporations.[1]"
http://en.wikipedia.org/wiki/J._P._Morgan#Panic_of_1907
-
1. 46 million on food stamps
2. Lowest labor participation rate since 1977
3. Over $18 Trillion in debt
4. 50% of the American population on some form of social assistance
5. Increasing number of countries dropping the dollar for international trade
What a recovery!
Who said anything about a recovery?
"China is slowing as it transitions from investment to consumption, Japan has slid into a recession, Russia appears headed for one, and Europe is barely growing."
"Meanwhile, even with a slowing fourth quarter, the US economy is still expected to grow 3.1% in 2015"
http://sparkline.motifinvesting.com/economy-worse
-
Well, the 1% have bailed out the US economy in the past. It's only fair the 99% gave something back for a change.
"The Panic of 1907 was a financial crisis that almost crippled the American economy. Major New York banks were on the verge of bankruptcy and there was no mechanism to rescue them, until Morgan stepped in to help resolve the crisis.[11][12] Treasury Secretary George B. Cortelyou earmarked $35 million of federal money to quell the storm but had no easy way to use it. Morgan now took personal charge. Meeting with the nation's leading financiers in his New York mansion, he forced them to devise a plan to meet the crisis. James Stillman, president of the National City Bank, also played a central role. Morgan organized a team of bank and trust executives which redirected money between banks, secured further international lines of credit, and bought up the plummeting stocks of healthy corporations.[1]"
http://en.wikipedia.org/wiki/J._P._Morgan#Panic_of_1907
Something like 47% of people in the United States don't pay taxes at all. The percentage of those within that 47% who recieve benefits but don't pay into the system is not inconsiderable. These people didnt bail out anything. A large majority of people pay minimal taxes. Their contributions to the bail out are by extension also minimal. The question is who pays the majority of federal taxes. When we determine that we know whom bailed out whom.
-
Something like 47% of people in the United States don't pay taxes at all. The percentage of those within that 47% who recieve benefits but don't pay into the system is not inconsiderable. These people didnt bail out anything. A large majority of people pay minimal taxes. Their contributions to the bail out are by extension also minimal. The question is who pays the majority of federal taxes. When we determine that we know whom bailed out whom.
I see your point. It's only fair the 52% gave something back for a change.
Let me guess, the 47% that don't pay taxes while receiving benefits are also the ones who complain the most.
-
I see your point. It's only fair the 52% gave something back for a change.
Let me guess, the 47% that don't pay taxes while receiving benefits are also the ones who complain the most.
They tend to make up the bulk of the occupy participants. What I'm suggesting is that they look at the issue practically and not be so self-righteous. I'm not making a comment on whether the bailout was good or bad. That's another subject.
-
They tend to make up the bulk of the occupy participants. What I'm suggesting is that they look at the issue practically and not be so self-righteous. I'm not making a comment on whether the bailout was good or bad. That's another subject.
That's what I thought.
-
More on USA's 1% bailing out the working class and everyone else in the past:
"In 1895, at the depths of the Panic of 1893, the Federal Treasury was nearly out of gold. President Grover Cleveland accepted Morgan's offer to join with the Rothschilds and supply the U.S. Treasury with 3.5 million ounces of gold[6] to restore the treasury surplus in exchange for a 30-year bond issue."
http://en.wikipedia.org/wiki/J._P._Morgan#Treasury_gold
-
Gold won't fill the belly. Gold only has value in a commerce system. It's useless in a barter economy or when people are lacking the basics.
Agreed. Food, water, guns & ammo will be what we'll be killing each other over if the shit ever really hits the fan.
I laugh at those who think they will be the new kings because they've hoarded a few ounces of gold and that everyone else will willingly bow down to them and sell themselves to them for a little tiny piece each of a few gold bars. And that those tiny pieces of gold others get in turn for doing whatever for the "kings" will be worth anything to anyone else.
If it ever gets to that point, we're all fucked and all trying to make it through the day with enough food and water and without getting killed.
-
Really? You used abigailcfield as your source for this propaganda? I see the left Obama supporting network CBS is also spreading this nonsense. Talk about how to deceive. This propaganda is used for the purpose of supporting Obama's long held believe the taxes should be raised on the rich and that there are enough rich to tax to make a difference. The tax rate actually started at 10% during World War II. People making over 200K were taxed heavily. 200K back then is the equivalent of making 2.2 million dollars today. 200K people paid 88%. The crazy top tax on that chart was for less than .01% of the population.
Today most have state taxes, consumer taxes, fuel taxes, real estate taxes, and just about any possible thing you can think of.
What needs to be done is a flat tax for all incomes with no exemptions or write offs. Say 28% if you make 10K and 28% if you make a billion. The revenue going to Washington would go through the roof while the amount of taxes for many of the middle class would go down. It's just that people are just to stupid to understand this. They come up with idiotic reasons like I can't write off the interest of my house and claim my kids? People have to see their tax returns now and with the flat tax percentage for them to get it.
On a side note the filthy rich everywhere have legal scams to avoid paying taxes. How many celebrities have charity foundations? Maybe all of them. Do you know why? They donate a lot of their money to their charity then it's tax free. As the head of their charity they can be or appoint an administrator who can draw a salary. Collecting a salary from your own tax free money sounds like a win win. No body watches what percentage of money actually makes it to charity. They can say 75% or more when into administration, advertising, and other costs such as travel expenses promoting it. Another scam is declaring their mansion and the land that it's on as farm property to avoid paying real worth real estate taxes on it. They do crap like have bee farms, horses or some other stuff they sell from their property to meet the very low money quantity to qualify as farm land. I could go on about the money game the wealthy do avoid taxes but that's just two examples.
There should be a flat tax regardless of income. It will never happen because the rich would go berserk contacting their connections and the stupid would complain about their write off. Can you imagine the owners and CEO of CBS, NBC, ABC and the rest would have story after story why a flat tax is a bad idea leading the sheep who watch. The real reason is that they couldn't hide their money.
I clearly stated these were the tax rates for the rich...No propaganda at all. These are the rates that the rich had to pay. The fact that there is more rich people today is irrelevant...I agree with you about a flat tax rate.
-
Well, the 1% have bailed out the US economy in the past. It's only fair the 99% gave something back for a change.
The crisis was brought to us courtesy of the top 1%, e.g. reckless speculation, subprime mortgages, etc. The government had only three options for finding the funds to bail out the banks: 1. Tax the mass of people. (The government clearly did not do this.), 2. Print the money. (Some of this is being done, but this, of course, is tricky business.), 3. Borrow the money. Option number three was selected. Now the question...From whom did the government borrow the money? Well, the only people/entities capable of lending money in such a dire situation is the top 1%, e.g. the very banks who caused the problem. So in a way, you're right. The top bailed out the economy...but only for themselves. The banks have recovered. The stock market recovered. The very top of the income spectrum recovered. The government has to pay back the money it borrowed. Austerity is the prescription of the capitalist class for "fixing" this problem. Make the masses pay the cost of reducing the debt of the government via slashing social programs and goverment spending. Of course this doesn't work, exhibit A = the country of Greece. So in effect the mass of people are made to pay the cost of a bailout that they did not get to fix a crisis they didn't cause. So much for fairness...