U.S. deficit and Federal Reserve not brought up?

[TLR Is Mental Poison]

The capital gains tax rate is progressive, big only the rich pay capital gains tax and only the rich prefer to not make an income and only make money through capital gains (Romney)

I have heard this argument on both sides. Someone advocating for lower capital gains taxes said if capital gains tax rates are too close to income tax rates people won't invest. Now you're saying the opposite. Both are wrong. Nobody, not even the rich, can flip a switch and change where their income is from to match whatever is cheaper tax wise. If I have a job, and capital gains taxes are lower, I can't all of a sudden quit my job and switch to dividend income. Likewise if I am Mitt Romney, and I have a revenue stream from a dividend on a stock I bought 10 years ago, I can't turn that money into a job if capital gains taxes go up. That is a bogus problem.

What I mean by trickle down is under Clinton the Cap gains tax was 20%, Bush cut it down to 15 % with the idea that the more money the rich have in their pocket they will use it to create jobs and reinvest in the economy (supply side/ Trickle down economics)

You are right that trickle down economics don't work. But you said "15% doesn't create any trickle down", like a higher rate would. No rate creates trickle down, trickle down doesn't work.

It encourages risk taking because instead of taking profits and invest them in labor physical assets, etc. You can gamble in the market becaus if you lose you get to use the loss as a deduction to taxable income and if you when you only get taxed at 15%

Who is taking this risk you keep claiming low capital gains tax rates encourage? Investors? Companies?

 

[Dusty Bake Activate]

those are all great suggestions. really great post, i mean that.

so how do we go about getting all this implemented though? those policies are going to take a lot of cookies out of all lot of people's cookie jars, you think the politicians and big business are having that? how much influence do you think big business has on what laws are created and enforced?

all in all i love your suggestions, but i'd say it's less than a 5% chance our government gets even half of that stuff done in the next 20 years.

so whats the plan, should we just wait?

We'd have to find a way to get money out of politics and find a way to get people educated and attentive to these issues. In other words, it'll never happen.

 

[OsO]

We'd have to find a way to get money out of politics and find a way to get people educated and attentive to these issues. In other words, it'll never happen.

so we just wait for disaster to strike? lol thats like a turkey waiting for thanksgiving.

i dont get it. if you know our current financial trajectory is unsustainable and you know we're in an economic emergency then why not do something to try and stop it?

you sound like youre just goin with the flow... thats not much of a plan bro.

 

[Dusty Bake Activate]

so we just wait for disaster to strike? lol thats like a turkey waiting for thanksgiving.

i dont get it. if you know our current financial trajectory is unsustainable and you know we're in an economic emergency then why not do something to try and stop it?

you sound like youre just goin with the flow... thats not much of a plan bro.

lol...what do you mean? I told you my opinions on what I think would be good economic fixes. Then I explained why they probably won't happen. I'm just a humble citizen calling things like I see it.

 

[OsO]

lol...what do you mean? I told you my opinions on what I think would be good economic fixes. Then I explained why they probably won't happen. I'm just a humble citizen calling things like I see it.

i mean it seems kind of pointless to just sit by impotent and not try and do anything to improve society outside vote for obama.

especially when you know the current financial system is unsustainable.

you know we are in a financial emergency.

you know this does not end well.

but youre just a humble citizen calling it straight and thats where it stops huh lol?

thats like being on a train that's heading off a cliff and just sitting there like

 

[Dusty Bake Activate]

i mean it seems kind of pointless to just sit by impotent and not try and do anything to improve society outside vote for obama.

especially when you know the current financial system is unsustainable.

you know we are in a financial emergency.

you know this does not end well.

but youre just a humble citizen calling it straight and thats where it stops huh lol?

thats like being on a train that's heading off a cliff and just sitting there like

So what would you have me do?

 

[OsO]

So what would you have me do?

lets discuss the implementation of some practical solutions, and then get into some action


there's a lot of power in the people.

edit: imagine what we could come up with if all the minds of HL came together instead of always bickering with each other

 

[Dusty Bake Activate]

lets discuss the implementation of some practical solutions, and then get into some action


there's a lot of power in the people.

People are fukking stupid and ignorant. When they stop being that way, holler at me.

 

[OsO]

People are fukking stupid and ignorant. When they stop being that way, holler at me.

true man of the people i see

 

[Dusty Bake Activate]

true man of the people i see

When did I ever claim to be a man of the people? Things are what they are.

 

[OsO]

When did I ever claim to be a man of the people? Things are what they are.

ok but how can you opt to sit back and watch the world burn and think you and yours are not gonna burn with it?

 

[Dusty Bake Activate]

ok but how can you opt to sit back and watch the world burn and think you and yours are not gonna burn with it?

1. The world is not burning. You and I both live better than 99.9999999999% of people who have ever lived.

2. I can't change the world myself and neither can you. If there was a way for me to personally implement some of the things I talked about, I would. The President can't even institute the policy he wants. I don't know you're acting like hip-hop message board posters can structurally and mentally reform the landscape of the country.

 

[OsO]

1. The world is not burning. You and I both live better than 99.9999999999% of people who have ever lived.

2. I can't change the world myself and neither can you. If there was a way for me to personally implement some of the things I talked about, I would. The President can't even institute the policy he wants. I don't know you're acting like hip-hop message board posters can structurally and mentally reform the landscape of the country.

1. the world been burning you just havent personally felt the fire yet.

2. sad statement bro, really disappointing. the system got you thinking you aint shyt. get some confidence naga

 

[Dusty Bake Activate]

1. the world been burning you just havent personally felt the fire yet.

You're talking semantics. The world has always been "burning" technically. Still, you and I live better than 99.99999% of people that have ever lived and still will no matter how bad the U. S. economy gets. Go to Haiti. Go to Afghanistan. Go to Somalia. I'm just asking you to have some perspective.

2. sad statement bro, really disappointing. the system got you thinking you aint shyt. get some confidence naga

Stop it with this the system got you blah blah blah shyt. You can't even envision a better system much less implement one. You may have some impact on a kid you mentor or maybe improve your locale in some way, but you personally are never going to change the system. You're getting too old to still be on this naive wannabe revolutionary shyt.

 

[OsO]

You're talking semantics. The world has always been "burning" technically. Still, you and I live better than 99.99999% of people that have ever lived and still will no matter how bad the U. S. economy gets. Go to Haiti. Go to Afghanistan. Go to Somalia. I'm just asking you to have some perspective.

your comment on how other parts of the world are more fukked up only reenforces my point.

Stop it with this the system got you blah blah blah shyt. You can't even envision a better system much less implement one. You may have some impact on a kid you mentor or maybe improve your locale in some way, but you personally are never going to change the system. You're getting too old to still be on this naive wannabe revolutionary shyt.

so you are aware that we are in crisis.

and you are even knowledgable about potential solutions.

but you lack the fortitude and the confidence to try and create real change.

and to make it even worse you even try to deter me from trying to create real change...dont you see how destructive your mentality is?

and for clarity i am not doing it by myself, and i am not personally responsible for creating the entire movement. the movement is already happening, and i am simply playing a PART. just like we ALL play a part.

lol but according to you i should give up my aspirations to create sustainable social change, but i better make sure and vote for obama in november... lol unbelievable.

your entire perspective is a self-defeating contradiction... and this exchange has been very disappointing.