Author Topic: debt  (Read 4416 times)

MB

  • Getbig IV
  • ****
  • Posts: 2312
Re: debt
« Reply #50 on: July 25, 2011, 01:53:23 PM »
i didn't say that at all, where did i, its either you hope to deliberately misrepresent me or your reading comprehension is poor, perhaps a little of both?

You said the rich are being protected.  I assume you mean protected from taxes?  Trying to collect more won't work.  

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 41761
  • Doesnt lie about lifting.
Re: debt
« Reply #51 on: July 25, 2011, 01:55:52 PM »
Are you playing dumb on purpose? 

The bush tax cuts did not lead to the crash in 2008. 

tu_holmes

  • Getbig V
  • *****
  • Posts: 15922
  • Robot
Re: debt
« Reply #52 on: July 25, 2011, 02:02:31 PM »
Absolutely false. 

1.  ObamaCare is a massive tax.   Its a nightmare and a disaster of epic measure. 

2.  Inflation tax.   Yes, inflation is a tax that kills purchasing power of businesses and consumers.   Obama is directly responsible for MASSIVE inflation in energy, food, commodities, and a huge loss in purshasing power of the dollar. 

3.  Regulatory uncertainty.  as the details of Dodd Frank come out, there are more and more stories of small businesses who cant get any financing as a result of this bill.   I have heard from two mortrgage broker friends this week alone as to the absolute disaster this bill is.   Its beyond horrific and collapsing credit to main street. 



you want more?   

First of all, I said the healthcare bill... So you can't use that.

The other two are certainly not bills or policies directly... They may be a by product of the economy, but they are certainly not taxes levied.

So again, aside from the healthcare bill, what other taxes have been levied.

I'm not an Obama fan... You know this, but I'm trying to understand what taxes have been levied that are causing businesses to not hire people.

As someone who is pretty familiar with business and small business included, people are hired to do the job that needs to get done... No more, and no less.

If a small business can hire 5 people to do the job, they will not hire 10. They also will not "refuse to hire" people just because of the healthcare bill.

Yes, it's definitely causing some ripples, but it's still not causing businesses to NOT hire people.

Now... I ask the original question again... In all seriousness... What TAXES have been levied against those people to cause them to NOT hire people.

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 41761
  • Doesnt lie about lifting.
Re: debt
« Reply #53 on: July 25, 2011, 02:04:58 PM »
Inflation is a tax.   I will bump a thread I hope you read.     It is a policy in of itself.     

tu_holmes

  • Getbig V
  • *****
  • Posts: 15922
  • Robot
Re: debt
« Reply #54 on: July 25, 2011, 02:11:35 PM »
Inflation is a tax.   I will bump a thread I hope you read.     It is a policy in of itself.     

How does Obama directly cause inflation though... It's definitely not through a levied tax.

Taxes are a compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

How is this a "tax"?


Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 41761
  • Doesnt lie about lifting.
Re: debt
« Reply #55 on: July 25, 2011, 02:14:28 PM »
How does Obama directly cause inflation though... It's definitely not through a levied tax.

Taxes are a compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

How is this a "tax"?



Read the thread.   inflation is a way to tax people without telling them as much. 

tu_holmes

  • Getbig V
  • *****
  • Posts: 15922
  • Robot
Re: debt
« Reply #56 on: July 25, 2011, 02:18:35 PM »
Read the thread.   inflation is a way to tax people without telling them as much.  

I did read it... And I see what it means, however, I don't see it as a "tax" perse... If you don't want something, you don't have to buy it.

Therefore, a good is only as taxable as you're willing to pay for it.

That's not really a "tax".

Taxes are forced upon you... You have no choice in the matter.

None the less... I do see your point, however, if you look at the data.

The highest years where there were large surges in inflation were 2005, 2006, and 2008.

You can see it on the chart here: http://www.fintrend.com/inflation/Inflation_Rate/CurrentInflation.asp

So, how do you blame 2005 and 2006 on Obama or the Democrats? Didn't the Republicans have both houses and the presidency at those times?

Which makes me ask again, how have taxes that Obama has levied caused small businesses to not hire?

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 41761
  • Doesnt lie about lifting.
Re: debt
« Reply #57 on: July 25, 2011, 02:21:34 PM »
I did read it... And I see what it means, however, I don't see it as a "tax" perse... If you don't want something, you don't have to buy it.

Therefore, a good is only as taxable as you're willing to pay for it.

That's not really a "tax".

Taxes are forced upon you... You have no choice in the matter.

None the less... I do see your point, however, if you look at the data.

The highest years where there were large surges in inflation were 2005, 2006, and 2008.

You can see it on the chart here: http://www.fintrend.com/inflation/Inflation_Rate/CurrentInflation.asp

So, how do you blame 2005 and 2006 on Obama or the Democrats? Didn't the Republicans have both houses and the presidency at those times?

Which makes me ask again, how have taxes that Obama has levied caused small businesses to not hire?

TU - I like you. 

But  . . .  you need to read Creature from Jekyll Island and learn more about this issue.   

Inflation is the tool of con men and theives like Obama Bush Bernake etc to steal your money while blaming others. 


tu_holmes

  • Getbig V
  • *****
  • Posts: 15922
  • Robot
Re: debt
« Reply #58 on: July 25, 2011, 02:27:01 PM »
TU - I like you. 

But  . . .  you need to read Creature from Jekyll Island and learn more about this issue.   

Inflation is the tool of con men and theives like Obama Bush Bernake etc to steal your money while blaming others. 



I'm not blaming anyone... I'm just being honest man.

I don't understand how Obama's tax policy is causing this stuff, when on no level has he changed any tax policy, and the highest years of inflation by month were before he took office or was even a rumor.

That's all.

Is inflation bad? Yes... Do I like it? No.

Do I think it's a tax, not exactly, however, I'll go with you with the premise it is... So, let's say it is a tax... What did Obama do in 2005 and 2006 to tax people more and cause this lack of employment due to taxes?

That's all I'm asking... So far, I'm not seeing it as an Obama policy issue at all.

Dos Equis

  • Moderator
  • Getbig V
  • *****
  • Posts: 66516
  • I am. The most interesting man in the world. (Not)
Re: debt
« Reply #59 on: July 25, 2011, 03:17:30 PM »
this is not true, look at how many people the richest 400 people employ, it contradicts your claim. Allowing those making over 250gs to continue with the tax breaks and then having the highly rich pay only 18% is raping your economy, they dont create jobs. However, they create far more jobs then small buisness, this is a fact. Look at the data.

Small business does create jobs.  So does big business.  If you increase the cost of doing business, either by raising taxes or adding unnecessary regulation, it not only hurts employees, it hurts consumers.  It interferes with the ability to hire new employees, increase salaries, pay bonuses, etc.  It increases the cost of goods and services to consumers, because any time government increases the cost of doing business, those costs are passed along to us. 

Necrosis

  • Getbig V
  • *****
  • Posts: 9912
Re: debt
« Reply #60 on: July 25, 2011, 03:26:56 PM »
Small business does create jobs.  So does big business.  If you increase the cost of doing business, either by raising taxes or adding unnecessary regulation, it not only hurts employees, it hurts consumers.  It interferes with the ability to hire new employees, increase salaries, pay bonuses, etc.  It increases the cost of goods and services to consumers, because any time government increases the cost of doing business, those costs are passed along to us. 

no it doesn't what economic theory are you reciting? demand creates jobs, no corporation will hire 20 people to do a job that 10 can do and to increase the profit margin they will keep salaries low, and try to avoid hiring unecessary workers.  GE paid NO taxes, lol a multi billion dollar corporation, where do you think the profits went? did the salaries of the workers increase? was there a surge in new jobs? demand creates jobs, economics is based on this basic principle.

NO TAXES FOR GE, yet job growth in the company was zilch and the average salary remained the same of tended towards reduction, you are enjoying fantasy economics.

Kazan

  • Getbig V
  • *****
  • Posts: 6799
  • Sic vis pacem, parabellum
Re: debt
« Reply #61 on: July 25, 2011, 03:30:51 PM »
no it doesn't what economic theory are you reciting? demand creates jobs, no corporation will hire 20 people to do a job that 10 can do and to increase the profit margin they will keep salaries low, and try to avoid hiring unecessary workers.  GE paid NO taxes, lol a multi billion dollar corporation, where do you think the profits went? did the salaries of the workers increase? was there a surge in new jobs? demand creates jobs, economics is based on this basic principle.

NO TAXES FOR GE, yet job growth in the company was zilch and the average salary remained the same of tended towards reduction, you are enjoying fantasy economics.

And why does GE pay no taxes? Because of the fucked up tax code the government created. Funny how they come out and complain, but apparently everything GE has done is perfectly legal.

The problem is not with business, it is with the asshats in DC who are for sale to the highest bidder
ΜΟΛΩΝ ΛΑΒΕ

Necrosis

  • Getbig V
  • *****
  • Posts: 9912
Re: debt
« Reply #62 on: July 25, 2011, 03:32:18 PM »
And why does GE pay no taxes? Because of the fucked up tax code the government created. Funny how they come out and complain, but apparently everything GE has done is perfectly legal

sure, im not blaming them its a perfect description of what buisness is about, the bottom line. Why would they pay taxes unless they have to? it is lost revenue that doesn't benefit them, hence the reason government has to change this fucked up system.

Kazan

  • Getbig V
  • *****
  • Posts: 6799
  • Sic vis pacem, parabellum
Re: debt
« Reply #63 on: July 25, 2011, 03:36:49 PM »
sure, im not blaming them its a perfect description of what buisness is about, the bottom line. Why would they pay taxes unless they have to? it is lost revenue that doesn't benefit them, hence the reason government has to change this fucked up system.

And how is that going to happen? Politicians don't care about the welfare of the US or its citizens, all they care about is keeping power. A good first step would be term limits for congress, but that will happen right after hell freezes over.

We have 2 majors problems in the US

1) Politicians (not leaders) who only server to benefit themselves
2) Far to many citizens that would rather sit on their ass an collect a tax payer funded government check
ΜΟΛΩΝ ΛΑΒΕ

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 41761
  • Doesnt lie about lifting.
Re: debt
« Reply #64 on: July 25, 2011, 03:39:06 PM »
Definatly term limits, flat tax no deductions, and balanced budget amendment.

Dos Equis

  • Moderator
  • Getbig V
  • *****
  • Posts: 66516
  • I am. The most interesting man in the world. (Not)
Re: debt
« Reply #65 on: July 25, 2011, 03:39:25 PM »
no it doesn't what economic theory are you reciting? demand creates jobs, no corporation will hire 20 people to do a job that 10 can do and to increase the profit margin they will keep salaries low, and try to avoid hiring unecessary workers.  GE paid NO taxes, lol a multi billion dollar corporation, where do you think the profits went? did the salaries of the workers increase? was there a surge in new jobs? demand creates jobs, economics is based on this basic principle.

NO TAXES FOR GE, yet job growth in the company was zilch and the average salary remained the same of tended towards reduction, you are enjoying fantasy economics.

Businesses pay billions in taxes.  I posted an article here that talks about them:  http://www.getbig.com/boards/index.php?topic=124722.100

The article points out that Walmart paid $7.1 billion, Exxon paid $15 billion, Chevron paid $18.5 billion, ConocoPhillips paid $ 5 billion, etc., etc.  So this infatuation with GE as some representative example of business taxes is a bunch of bull.

Demand definitely creates jobs, but you must have a product or service.  The product or service is provided by a business.  The business thrives based on profits and losses.  Profits and losses are greatly impacted by the cost of doing business.  Increasing the cost of doing business is bad for business, employees, and consumers, for the reasons I've already stated.    

240 is Back

  • Getbig V
  • *****
  • Posts: 102387
  • Complete website for only $300- www.300website.com
Re: debt
« Reply #66 on: July 25, 2011, 03:40:26 PM »
In less than two years, Obama spent more than all US presidents in the history of country combined. 

Do you think the next president, if he/she is republican, will suddenly to back to a surplus in a year?  Obama inherited an avalanche and kept on screaming for more snow.  Not sure the next chum will be able to do much different.

Kazan

  • Getbig V
  • *****
  • Posts: 6799
  • Sic vis pacem, parabellum
Re: debt
« Reply #67 on: July 25, 2011, 03:44:01 PM »
Do you think the next president, if he/she is republican, will suddenly to back to a surplus in a year?  Obama inherited an avalanche and kept on screaming for more snow.  Not sure the next chum will be able to do much different.

Whats with this inherited bullshit? Was Obama not the junior senator from IL? Does congress control the money? You expect me to believe that Obama had no idea what was going on with the deficit? If that is the case then he was as useless as a senator as he is as POTUS
ΜΟΛΩΝ ΛΑΒΕ

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 41761
  • Doesnt lie about lifting.
Re: debt
« Reply #68 on: July 25, 2011, 03:45:37 PM »
How do you create demand when you steal 50 percent of someones' wages? 

Dos Equis

  • Moderator
  • Getbig V
  • *****
  • Posts: 66516
  • I am. The most interesting man in the world. (Not)
Re: debt
« Reply #69 on: July 25, 2011, 03:46:48 PM »
Do you think the next president, if he/she is republican, will suddenly to back to a surplus in a year?  Obama inherited an avalanche and kept on screaming for more snow.  Not sure the next chum will be able to do much different.

Obama inherited a mess and made it worse. 

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 41761
  • Doesnt lie about lifting.
Re: debt
« Reply #70 on: July 25, 2011, 03:49:27 PM »
Obama supported every single policy that that led us to this.

240 is Back

  • Getbig V
  • *****
  • Posts: 102387
  • Complete website for only $300- www.300website.com
Re: debt
« Reply #71 on: July 25, 2011, 03:52:23 PM »
Whats with this inherited bullshit? Was Obama not the junior senator from IL? Does congress control the money? You expect me to believe that Obama had no idea what was going on with the deficit? If that is the case then he was as useless as a senator as he is as POTUS

Bush never vetoed a single spending bill in 8 years.

240 is Back

  • Getbig V
  • *****
  • Posts: 102387
  • Complete website for only $300- www.300website.com
Re: debt
« Reply #72 on: July 25, 2011, 03:53:47 PM »
Obama inherited a mess and made it worse. 

agreed 100%.

now, if only we agreed upon the fact it's not perverted to bang 18 year olds...

Dos Equis

  • Moderator
  • Getbig V
  • *****
  • Posts: 66516
  • I am. The most interesting man in the world. (Not)
Re: debt
« Reply #73 on: July 25, 2011, 03:54:19 PM »
And how is that going to happen? Politicians don't care about the welfare of the US or its citizens, all they care about is keeping power. A good first step would be term limits for congress, but that will happen right after hell freezes over.

We have 2 majors problems in the US

1) Politicians (not leaders) who only server to benefit themselves
2) Far to many citizens that would rather sit on their ass an collect a tax payer funded government check

True.  Too many corrupt politicians in DC.  

Dos Equis

  • Moderator
  • Getbig V
  • *****
  • Posts: 66516
  • I am. The most interesting man in the world. (Not)
Re: debt
« Reply #74 on: July 25, 2011, 03:56:07 PM »
agreed 100%.

now, if only we agreed upon the fact it's not perverted to bang 18 year olds...

The issue is a 56 year old politician banging the 18 year old daughter of a donor.  But hey if you want to have sex with teenage girls, knock yourself out.   ::)