+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 41
Latest: GWarnock
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 8720
Total Topics: 231
Most Online Today: 1
Most Online Ever: 52
(November 29, 2017, 04:04:44 am)
Users Online
Members: 0
Guests: 0
Total: 0

Author Topic: Money  (Read 3418 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #240 on: November 28, 2017, 05:22:25 pm »
The Republican Tax SCAM






Our Children's future under the above Tax "reform":

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #241 on: November 28, 2017, 06:38:12 pm »
Economic Update: Capitalism, Corporations and Media


Democracy At Work

Published on Nov 26, 2017

This show is available at no cost to public access and non-profit community stations! Contact your local channels and let them know you would like them to add Economic Update to their programming. Let us know if you've reached out: info(a)democracyatwork.info

Support the show! Become an EU patron on Patreon: https://www.patreon.com/economicupdate

Season 6, episode 48
THIS WEEK'S TOPICS (w/timestamps):
00:57 - Updates on the corrupt Congressional "tax reform;"
06:47 - how giant corporations continue to abuse power;
10:42 - the GE CEO who wasted millions of dollars;
13:39 - the role the corporate structure plays in sexual harassment/abuse;
17:34 - announcements;
18:40 - Detroit's fake "renaissance;"
20:45 - the decaying and dying malls across the U.S.,
22:29 - how unaffordable rents expose the fakery of an “economic recovery;"
24:20 - how the pharmaceutical giant Astra-Zeneca exemplifies the ways capitalism endangers our health.
28:25 - SPECIAL GUEST:   interview with author and broadcaster Laura Flanders, as she and Prof. Wolff discuss the need for collaboration and change within mass–media to survive today's capitalistic system.

Learn more: http://www.democracyatwork.info/econo...
LIKE Economic Update on Facebook: http://www.facebook.com/EconomicUpdate
Richard D. Wolff's website: http://www.rdwolff.com
LIKE Richard D. Wolff on Facebook: http://www.facebook.com/RichardDWolff
Follow Richard D. Wolff on Twitter: http://twitter.com/profwolff
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #242 on: November 28, 2017, 09:48:59 pm »
 

The Pathology of the Rich - Chris Hedges on Reality Asserts Itself


285,523 views

TheRealNews

Published on Dec 5, 2013

On RAI with Paul Jay, Chris Hedges discusses the psychology of the super rich; their sense of entitlement, the dehumanization of workers, and mistaken belief that their wealth will insulate them from the coming storms.

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #243 on: November 30, 2017, 10:36:48 pm »
Capitalism DOES NOT WORK!

trustylimbs

Published on Jun 14, 2017


Richard D Wolff - A Critic Of Capitalism 2017
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #244 on: December 01, 2017, 03:43:36 pm »
Capitalism DOES NOT WORK!

trustylimbs

Published on Jun 14, 2017


Richard D Wolff - A Critic Of Capitalism 2017
Only listened to about one-half hour, but thanks for posting this algebert! I have not listened to wolf in some years and always enjoy his spiel. He, however, wisely adheres to the rule that it is verboten for anyone who has gotten a graduate degree in e-con from an American university to discuss the MONEY SYSTEM. How one can discuss capitalism without discussing fractional reserve banking instituted by a private corporation baffles me.

I'm confident that this will not be discussed in the rest of the video; so, I am posting this comment now.

Also, like jake morphonios has concluded regarding the forbes 500 or Oxfam's list of the richest: the rothschild family has a combined wealth of 10,000 times that of gates or bezos. Kudos to morphonios for reading the fine print of the forbes list-excludes extended family wealth.


Hi Moniker,
Professor Richard D Wolff has discussed Fractional Reserve Banking in the past. As you know, he is quite knowledgeable about how the scam called Capitalism works. I have posted many, many videos and podcasts by Professor Wolff in my forum. I post some of them here but there are very few defenders of sound economic policy in this forum, so I mostly do not bother. I ignore them and they studiously ignore me. Surly and RE basically understand how gamed our system is and say so often.   They get accused of being "Trotsky Commies", leftist crazies, etc. (you get the idea), ridiculous hyperbole that gets repeated ad nauseum. 

Every attempt at reasoning with the true believers in Capitalism that infest this forum is rebuffed with distractions, hyperbole, arrogance, sarcasm, snide remarks or open hostility instead of logic and objectivity.
 
That said, the common thread among Doomstead Diners is that the system is breaking and this will result in a collapse of civilization as we know it. I agree that we are on the cusp of a great unraveling. I am convinced, unlike most people here, that the cause is lack of morality in human affairs. However, I do engage in discussion of some of the common sense (CFS ) issues within our corrupted system that could be tweaked for the benefit human society, like Renewable Energy and the structure of our monetary system.

Let us discuss the point you brought up. By the way, I suggest you watch all of the video. It's the least you can do if you are going to criticize Professor Wolff.

YEAH, Fractional Reserve "banking" (i.e. "legal" counterfeiting) is bad, stupid and horrendously inflationary. Wolff, Hudson, Black and many other luminaries in the field of economics have pointed that out. Libertarians (the 'Greed is Good" crowd, no matter how many people go hungry and how much of the biosphere is trashed in order to have a "sound currency" like gold) are great advocates of eliminating Fractional Reserve Banking. WHO in their right mind (that isn't a banker) isn't??! It's OBVIOUS that when a small group of elite BASTARDS can "legally" counterfeit trillions of dollars, while you and I get thrown in jail for the same thing, most people that can add and subtract  are going to get rather exercised, to put it mildly.

Wolff gets that, Moniker. I get that. Eddie gets that. K-Dog gets that. Golden Oxen gets that. RE gets that. Surly gets that. YOU get that. JUST ABOUT EVERYBODY at the Doomstead Diner gets that.

AND?

Your assumption that the elimination of this heinous practice of legal counterfeiting will somehow stop the 24/7 theft and corruption being visited on we-the-people by the epitome of Capitalst thinking (controlling the money supply, A MONOPOLY of MONEY, so you can make everyone your slave, is the founding principle of Capitalism, not the bullshit happy talk propaganda about the "invisible hand" and "enlightened self interest").

Sure, you are focused on the keystone of the corrupt edifice of Capitalism. Good for you  . But BEFORE you can get to that keystone, you HAVE TO ADDRESS ETHICS in ECONOMICS.

Yes, counterfeiting is unethical, whether it is "legal" or not. So, yeah, you are partly addressing the issue of ethics. But economics ultimately is about BALANCE of resources among humans so that society will prosper through a mechanism that INHIBITS HOARDING and INEQUALTY while preserving a VIABLE BIOSPHERE (that's where ALL those resources come from - and those resourses are NOT INFINITE - so they MUST BE RENEWABLE).

Wolff has patiently explained, on many, many occasions, that Soviet Communism failed for the EXACT SAME REASON that CAPITALISM is failing. That is, they went the "BOSS TECHNOCRAT ELITIST MANAGER over the mass of the workers (with low wages)" STUPID, GREEDY, ARROGANT routine. They DID NOT make everybody the owner of the production of goods and services, though they gave lip service to that claim.

The bottom line is that if inequality and respect for people and the preservation of nature is not sine qua non to an economic system, said system will destroy the society that embraces it. The only system that can achieve that is Democratic Socialism. And even Democratic Socialism will NOT achieve that if a BOSS over lots of low paid peons is the norm. Capitalism is THEFTISM/HOARDISM. It CONSTANTLY moves towards greater ineqality and greater instability. Fractional Reserve THEFT will not go away until Capitalism does. 

I've talked enough and now I will get sniped by some true believer in Capitalism. Message to the sniper, even if he is an admin here:

Proverbs 16:8 Better is a little with righteousness than great revenues without right.


 
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #245 on: December 01, 2017, 11:05:15 pm »
Why Giving Tax Breaks To The Rich Doesn't Create Jobs (w/Guest Richard Wolff)


Thom is joined by Professor Richard Wolff, speaking on the Bail Ins, how banks are using your money as their own assets, and the effects of the GOP tax Bill. spoiler, no jobs ahead.

Thom Hartmann Nov. 30, 2017 4:00 pm
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #246 on: December 01, 2017, 11:31:59 pm »
Capitalism DOES NOT WORK!
trustylimbs

Published on Jun 14, 2017


Richard D Wolff - A Critic Of Capitalism 2017
Only listened to about one-half hour, but thanks for posting this algebert! I have not listened to wolf in some years and always enjoy his spiel. He, however, wisely adheres to the rule that it is verboten for anyone who has gotten a graduate degree in e-con from an American university to discuss the MONEY SYSTEM. How one can discuss capitalism without discussing fractional reserve banking instituted by a private corporation baffles me.

I'm confident that this will not be discussed in the rest of the video; so, I am posting this comment now.

Also, like jake morphonios has concluded regarding the forbes 500 or Oxfam's list of the richest: the rothschild family has a combined wealth of 10,000 times that of gates or bezos. Kudos to morphonios for reading the fine print of the forbes list-excludes extended family wealth.


Hi Moniker,
Professor Richard D Wolff has discussed Fractional Reserve Banking in the past. As you know, he is quite knowledgeable about how the scam called Capitalism works. I have posted many, many videos and podcasts by Professor Wolff in my forum. I post some of them here but there are very few defenders of sound economic policy in this forum, so I mostly do not bother. I ignore them and they studiously ignore me. Surly and RE basically understand how gamed our system is and say so often.   They get accused of being "Trotsky Commies", leftist crazies, etc. (you get the idea), ridiculous hyperbole that gets repeated ad nauseum. 

Every attempt at reasoning with the true believers in Capitalism that infest this forum is rebuffed with distractions, hyperbole, arrogance, sarcasm, snide remarks or open hostility instead of logic and objectivity.*
 
That said, the common thread among Doomstead Diners is that the system is breaking and this will result in a collapse of civilization as we know it. I agree that we are on the cusp of a great unraveling. I am convinced, unlike most people here, that the cause is lack of morality in human affairs. However, I do engage in discussion of some of the common sense (CFS ) issues within our corrupted system that could be tweaked for the benefit human society, like Renewable Energy and the structure of our monetary system.

Let us discuss the point you brought up. By the way, I suggest you watch all of the video. It's the least you can do if you are going to criticize Professor Wolff.

YEAH, Fractional Reserve "banking" (i.e. "legal" counterfeiting) is bad, stupid and horrendously inflationary. Wolff, Hudson, Black and many other luminaries in the field of economics have pointed that out. Libertarians (the 'Greed is Good" crowd, no matter how many people go hungry and how much of the biosphere is trashed in order to have a "sound currency" like gold) are great advocates of eliminating Fractional Reserve Banking. WHO in their right mind (that isn't a banker) isn't??! It's OBVIOUS that when a small group of elite BASTARDS can "legally" counterfeit trillions of dollars, while you and I get thrown in jail for the same thing, most people that can add and subtract  are going to get rather exercised, to put it mildly.

Wolff gets that, Moniker. I get that. Eddie gets that. K-Dog gets that. Golden Oxen gets that. RE gets that. Surly gets that. YOU get that. JUST ABOUT EVERYBODY at the Doomstead Diner gets that.

AND?

Your assumption that the elimination of this heinous practice of legal counterfeiting will somehow stop the 24/7 theft and corruption being visited on we-the-people by the epitome of Capitalst thinking (controlling the money supply, A MONOPOLY of MONEY, so you can make everyone your slave, is the founding principle of Capitalism, not the bullshit happy talk propaganda about the "invisible hand" and "enlightened self interest").

Sure, you are focused on the keystone of the corrupt edifice of Capitalism. Good for you  . But BEFORE you can get to that keystone, you HAVE TO ADDRESS ETHICS in ECONOMICS.

Yes, counterfeiting is unethical, whether it is "legal" or not. So, yeah, you are partly addressing the issue of ethics. But economics ultimately is about BALANCE of resources among humans so that society will prosper through a mechanism that INHIBITS HOARDING and INEQUALTY while preserving a VIABLE BIOSPHERE (that's where ALL those resources come from - and those resourses are NOT INFINITE - so they MUST BE RENEWABLE).

Wolff has patiently explained, on many, many occasions, that Soviet Communism failed for the EXACT SAME REASON that CAPITALISM is failing. That is, they went the "BOSS TECHNOCRAT ELITIST MANAGER over the mass of the workers (with low wages)" STUPID, GREEDY, ARROGANT routine. They DID NOT make everybody the owner of the production of goods and services, though they gave lip service to that claim.

The bottom line is that if inequality and respect for people and the preservation of nature is not sine qua non to an economic system, said system will destroy the society that embraces it. The only system that can achieve that is Democratic Socialism. And even Democratic Socialism will NOT achieve that if a BOSS over lots of low paid peons is the norm. Capitalism is THEFTISM/HOARDISM. It CONSTANTLY moves towards greater inequality and greater instability. Fractional Reserve THEFT will not go away until Capitalism does. 

I've talked enough and now I will get sniped by some true believer in Capitalism. Message to the sniper, even if he is an admin here:

Proverbs 16:8 Better is a little with righteousness than great revenues without right.


 * Resorting to fallacious debating techniques, like the one I just got sniped with when Engineer K-Dog "innocently" asked about how hydrogen is made, is fun if the person spewing the clever bullshit is only interested in attacking the messenger, not debating the message. K-Dog knows all the industrial techniques used to make hydrogen and cherry picks the most energy intensive forms, while totally excluding the ones that I HAVE DISCUSSED HERE OFTEN, WITH EVIDENCE AND DATA, just to make a "greater thermodynamic efficiency" case for fossil fuel CRAP. He is so repetitive and predictable as to be boring. K-Dog is smart and I share many views with him. But he is adamantly incorrigible in his insistance that Renewable Energy cannot replace fossil fuels OR prevent the collapse of human civilization. Perhaps he is right. But I don't think so.
Thank you for your extensive reply agelbert and for the link to your website.

I completely agree that our society's problem is one of morality, spirituality even. I cannot even begin to comprehend how to address that, however.

I would make a distinction between capitalism and debt based fiat currency since they are not mutually exclusive. Private ownership of assets does have benefits to society, but the issuance of debt based money guarantees exploitation of the earth's resources and that the issuers end up with all the money.

Since you bring up William black, I believe he teaches at that school and has said the banks should have been placed in receivership instead of being bailed out.


 

You are welcome. And of course the failed banks should have been allowed to go the way of the Dodo Bird. I saw Pelosi's face on TV when she had to say, "The measure is not carried." She lookedl ike someone had punched her in the stomach.  ;D

I watched aghast as the SENATE, which is not supposed to originate legislation, did exactly THAT to railroad us into bailing out Wall Street banks to the tune of over 16 TRILLION DOLLARS!

I watched when a Congressman from Florida (Grayson) tried to get Bernake to explain HOW the "Federal" Reserve could lend TRILLIONS of zero or negative interest "loans" to FOREIGN banks without even telling the U.S. Congress about it! That Congressman lost his next election, of course. 

Money is just a symbol. Natural Resources compose ALL the material wealth humans have. All these crooked fun and games which allegedly "create" money or "create" debt only work because there is a gun pointed at us called the legal tender "Laws". They are bullshit, but that's the law. 

I am grateful that you agree that the central problem is lack of ethics. The solution is enforced ethical behavior. But as you more or less figured, that is rather difficult to do when you are dealing with the 0.01% plutocratic psychopaths that are running this mess called "civilization" into the Sixth Great Extinction. May God help us because our empathy deficit disordered ileaders will only make things worse, not better.

 
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #247 on: December 03, 2017, 06:13:55 pm »
 

December 3, 2017

Argentine Government Bars Major NGO Representatives from WTO Meeting

In an unprecedented move that violates World Trade Organization rules, Argentina revoked accreditations of representatives of 20 NGOs, preventing them from attending the 11th WTO Meeting in Buenos Aires next week. Deborah James of CEPR explains the significance of this decision


SNIPPET from video Transcript:
Quote
If you look at some of the groups, for example, that are banned, we're talking about groups like Friends of the Earth International, the Transnational Institute, a number of Argentine domestic groups. There's Global Justice Now that was just briefing the parliament in the UK on these issues. A full half of the 20 groups that were banned are members of Our World is Not For Sale but almost all of them, 18 of them are civil society groups.

At the same time, DHL, UPS, FedEx, eBay, the International Chamber of Commerce, the Coalition of Services Industries, the European Services Forum, big pharma, Philip Morris, the Semiconductor Industry Association, all of these corporations are still being allowed because there was only two companies that were included in the list of banned groups.


Agelbert LAMENT: The Destruction of the Biosphere on behalf of Profit over People and Planet Capitalism marches on. 

As our environment enters the Extinction phase, these greedballs from the WTO double down on Capitalist Corruption, instead of repenting and working to make restitution for their horrendous pillaging of our planet.

Quote
“I think the devil doesn't exist, but man has created him, he has created him in his own image and likeness.” ― Fyodor Dostoyyevsky, The Brothers Karamazov

Human Inequity is directly proportional to the amount of human iniquity. ― A. G. Gelbert
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #248 on: December 05, 2017, 12:31:31 pm »
Have you seen how much you could save under President Trump's tax reform?  ;)

Quote
https://www.nytimes.com/interactive/2017/04/28/us/politics/trump-savings-tax-plan.html?&_r=0

Andrew Wheeler, political watcher and guy who reads a lot

Answered Thu · Upvoted by Nathan Herkowitz, M.S. Taxes, Walsh College
Using my 2016 figures, since I have that tax return handy, and the calculator at CalcXML, here’s what I see.

For actual 2016, I paid $2,299 in federal tax. Under the Trump plan, an income of exactly the same size would incur a tax liability of $4,264. So my taxes would nearly double.

Also, I’m not clear whether this calculator includes the loss of deductions for state and local taxes and for mortgage interest. I’m pretty far into my mortgage, so the latter isn’t as major, but I live in New Jersey and work in New York City, so losing SALT deductibility would hit me hard.

Plus, I have one son in college now, and will have another beginning college in 2019. The changes to student loans will have an additional detrimental effect on my income, and that effect will persist for many years for both my household and the eventual households of my two sons.

To answer the question: yes, I have seen how much my taxes and additional expenses would increase under the Trump plan. That amount is substantial. If that increase were part of a wider reform that, for example, would bring the budget into balance, I might possibly be in favor of it.

But doubling, or more than doubling, my taxes in order to give huge tax breaks to the rich and to multinational corporations while at the same time increasing the deficit by over $1.5Tthat is a horrible plan that runs the risk of entirely destroying this country. It is stupid, it is asinine, and it is borderline criminal negligence of duty for any elected representative to vote for such a thing.

https://www.quora.com/Have-you-seen-how-much-you-could-save-under-President-Trumps-tax-reform
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #249 on: December 05, 2017, 03:12:33 pm »
Have you seen how much you could save under President Trump's tax reform?  ;)

Quote
https://www.nytimes.com/interactive/2017/04/28/us/politics/trump-savings-tax-plan.html?&_r=0

Andrew Wheeler, political watcher and guy who reads a lot

Answered Thu · Upvoted by Nathan Herkowitz, M.S. Taxes, Walsh College
Using my 2016 figures, since I have that tax return handy, and the calculator at CalcXML, here’s what I see.

For actual 2016, I paid $2,299 in federal tax. Under the Trump plan, an income of exactly the same size would incur a tax liability of $4,264. So my taxes would nearly double.

Also, I’m not clear whether this calculator includes the loss of deductions for state and local taxes and for mortgage interest. I’m pretty far into my mortgage, so the latter isn’t as major, but I live in New Jersey and work in New York City, so losing SALT deductibility would hit me hard.

Plus, I have one son in college now, and will have another beginning college in 2019. The changes to student loans will have an additional detrimental effect on my income, and that effect will persist for many years for both my household and the eventual households of my two sons.

To answer the question: yes, I have seen how much my taxes and additional expenses would increase under the Trump plan. That amount is substantial. If that increase were part of a wider reform that, for example, would bring the budget into balance, I might possibly be in favor of it.

But doubling, or more than doubling, my taxes in order to give huge tax breaks to the rich and to multinational corporations while at the same time increasing the deficit by over $1.5Tthat is a horrible plan that runs the risk of entirely destroying this country. It is stupid, it is asinine, and it is borderline criminal negligence of duty for any elected representative to vote for such a thing.

https://www.quora.com/Have-you-seen-how-much-you-could-save-under-President-Trumps-tax-reform

I paid $188,960.00 for 2016. That was a good year. My worst year was $240K (2014) .

I see no way my taxes won't be worse under the new "tax reform".

An increase in the standard deduction does only one thing. It makes it easier for the IRS to process returns, which will free up agents to do more audits. As far as I know, not a single journalist out there has been smart enough to figure that out. You heard it here first.

And the increase in the standard deduction is mostly erased by the loss of the personal exemption. Almost a wash. Smoke and mirrors.

The highest marginal rate is roughly the same for me. The slight changes there might save me a tiny bit. Not enough to even matter much.

Eliminate the alternative minimum tax? So what. I don't have passive real estate income that would trigger that. I actively manage all my investment properties. Only people who own a LOT of property were getting stuck with that.

Eliminate the estate tax? Who has an 11 million dollar estate? Not me. Not even close.

Drop the corporate rate? Big woop. That's only for C corps. Doctors and lawyers can only be S corps, a special kind of corporation deliberately made years ago to keep doctors and lawyers from getting the same breaks as big companies. The rates for S corps are are NOT dropped under the new plan.

Obviously, the end game (they tried but could get no traction for these things this time out)  is going to be eliminating the mortgage interest deduction, the exemption on capital gains for the sale of your home, and the deduction for other interest paid on various loans and mortgages. It's not here, but they want it, and in the fullness of time, it will come.

And the eventual end to itemized deductions altogether (makes enforcement easier). Then they will come after the expense column of the Schedule C's of small business owners, another place where there is more easy money to collect.


If you're remotely middle class, this tax cut does nothing to help you, as far as I can see.


Exactly right! 

By "simplifying" ;)  the return so more people will not itemize, this is probably another back door attempt (later on) tp claim the IRS "doesn't need" that many employees (How convenient for the elite bastards that have most to gain by a dysfunctional IRS ).

All that said, there are people like me out there that will see a small decrease in their taxes.   

But that is part of the massive con here! The income taxes on a retired person who does not itemize are a TINY part of retired people's expenses and health insurance a GIGANTIC (about TEN TIMES MORE - AT LEAST!) part of annual expenses. Health insurance is going to SKYROCKET with the individual mandate gone!

I shudder to think what BCBS is going to hit me with in 2019. Yeah, I've got Medicare part A and B, but those plans are not enough for proper coverage. And, of course, those plans are going to be destroyed, along with Social Security, by the massive deficit this Tax Scam incurs.

So actually, ANYBODY who is not part of the bastard crooks in the top 1% is going to see their overall expenses go WAY UP. 




Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #250 on: December 05, 2017, 05:02:01 pm »


Tax Plans Pave Way for Massive Cuts to Medicare, Medicaid, Social Security
Tuesday, December 05, 2017

By Lindsay Koshgarian, Truthout | News Analysis

SNIPPET:
Quote
It may seem counterintuitive at first, but to "small-government" types, this is a dream come true. The increased national debt gives the perfect political cover for cutting social programs. And this reform won't be limited to traditional welfare programs for struggling parents, which in 2016 amounted to less than half a percent of the total federal budget. Instead, lawmakers will take direct aim at the social programs where the most money is spent*, and upon which the most Americans rely: Medicare, Medicaid and Social Security.

Full article:

http://www.truth-out.org/news/item/42811-tax-plans-pave-way-for-massive-cuts-to-medicare-medicaid-social-security

* Agelbert NOTE: Said lawmakers will, of course, NOT take aim at the Military Industrial Complex WELFARE QUEEN(S) HANDOUT programs, where FAR MORE MONEY IS SPENT than on  Medicare, Medicaid and Social Security.   




 
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #251 on: December 05, 2017, 05:28:16 pm »
Eddie said:

Quote
It isn't clear to me how the new tax plan will treat interest paid on investment mortgages. In a worst case scenario I might have to change my entire approach to investing and get out of real estate altogether. In recent years real estate has been the only tax advantaged form of investing that has worked well for me. Even though real estate is subject to deflationary collapse, it does have the advantage of being a tangible asset. Stocks can go to zero. I am currently doing pretty well trading the cannabis stocks, but it's very high risk. If they force everyone into the stock market, the bubble will certainly enter the last parabolic up phase, which will inevitably be followed by a  huge collapse in stocks and bonds.  Goodbye retirement, all you boomers.

One of the plans (I think it is the House plan, but I'm not sure) eliminates the interest deduction on any property valued at over $500,000. But it may be worse than that for people like you because only ONE property that you own (and that property must be valued at less that $500,000) can have the interest paid on the mortgage deducted. Of course some accountant will figure a way for you to put properties into a shell corporation that qualifies as a business so the expenses for everything from the toilet paper on up will be "deductible", so accountants will make out like bandits with this new Tax Scam.  :exp-evil:

I'm not in the stock market. I agree the risks associated with stock ownership are astronomical now. BUT, Trump and his wrecking crew are doing everything they can to make it the 'only game in town'.

SCREW TRUMP AND HIS WRECKING CREW! I won't play. I prefer DEATH to submitting to fascist economic coercion.  
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #252 on: December 05, 2017, 05:45:03 pm »
Agelbert NOTE: Eddie is a Dentist living in Austin, Texas.




Tax Plans Pave Way for Massive Cuts to Medicare, Medicaid, Social Security
Tuesday, December 05, 2017

By Lindsay Koshgarian, Truthout | News Analysis

SNIPPET:
Quote
It may seem counterintuitive at first, but to "small-government" types, this is a dream come true. The increased national debt gives the perfect political cover for cutting social programs. And this reform won't be limited to traditional welfare programs for struggling parents, which in 2016 amounted to less than half a percent of the total federal budget. Instead, lawmakers will take direct aim at the social programs where the most money is spent*, and upon which the most Americans rely: Medicare, Medicaid and Social Security.

Full article:

http://www.truth-out.org/news/item/42811-tax-plans-pave-way-for-massive-cuts-to-medicare-medicaid-social-security

* Agelbert NOTE: Said lawmakers will, of course, NOT take aim at the Military Industrial Complex WELFARE QUEEN(S) HANDOUT programs, where FAR MORE MONEY IS SPENT than on  Medicare, Medicaid and Social Security.   

It's also worth mentioning that Medicare and Medicaid put money into the local economies nationwide. I live off Medicaid and it pays my employees. By taking away your senior benefits, it puts your personal doctor out of business. The entire healthcare system has adapted to these benefits over the last couple of generations, and I don't know how the math works for getting healthcare workers paid without it.

I would say the math doesn't work. And that's the way the evil greedballs pushing this Tax Scam have planned it all along.

It all just seems like the 1% has decided to do whatever they can to kill most of the population off by gradually denying the 99% the ability to live decently. The 1% parasites just do not get the FACT that they CANNOT survive without the 99% AND their Libertarian Fascist Malthusian Dream will QUICKLY MORPH into the guillotine for the 1%. Stupid is as stupid does.
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #253 on: December 06, 2017, 02:48:16 pm »
Agelbert NOTE: From an interesting thread on another forum.  ;)

http://www.doomsteaddiner.net/forum/index.php/topic,688.msg141997.html#msg141997

I think it would have been better to say Golden Oxen has mixed feelings over Trump's tax reform. On the one hand he is fond of it because it curbs speculation in real estate which is damaging this country especially to the younger generations will have a hard time starting families. On the other he dislikes the plan for the usual cited reasons that it is decrease in corporate tax rates and a raise for the middle class workers. At least that is the point of criticism I assume GO follows since he posted the Paul Roberts article. I think he could have been clearer by not immediately and simply stating he was fond of the plan as he later added caveats to his statement.


GO does NOT have "mixed feelings about ANYTHING TRUMP DOES! GO is a TRUMP supporter. GO VOTED for Trump! And I reminded GO of his horrendous mistake nearly a year after that abysmally dystopic decision to vote for Trump, only to be rebuffed. GO CANNOT be reasoned with.

Quote
From what I see any benefits will be outweighed by the negatives but I wonder how much this would effect his popularity. My sense is it will have no real effect on his voting base as it seems many of them are not interested in facts only bold vague statements and other hard line actions such as tight border controls and racial discriminatory speeches. Money for the mates, bigotry for the base. That is the game he plays.

Of course. But why can't you see that GO is playing a VERY SIMILAR GAME?

If you REALLY want to understand why GO cannot be reasoned with, just watch this short video. The eminent historian interviewed makes it CRYSTAL CLEAR where GO stands and WHY GO will continue to support Trump.

Your OWN answer includes the explanation to GO's lack of logic, yet you don't want to admit that GO IS PART OF TRUMP'S BASE! So is Karpatok!


[embed=640,412]<iframe width="640" height="412" src="https://www.youtube.com/embed/DrI27d3neBo" frameborder="0" allowfullscreen></iframe>[/embed]

Also, GO has often posted articles he does not agree with just to create discussion. DO NOT ASSUME that, just because GO posted said article, he agrees with the author. GO SAYS many things on this forum whic sound so nice and ethical, only to expose his TRUE feelings with some snide remark of telling graphic about his fixation on MAMMON.

Anyone with half a brain knows that GO's 'religion' is a front he hides behind. If you want to be naive enogh to believe GO is a person guided by ethical principles based on Christ's teachings, you have obviosly lost your ability to think critically.

GO can yell and scream all he wants that he "isn't a racist". He is. His continued support for Trump, despite Trump's staggeringly fascist destruction of the U.S. erconomy AND despite Trump's horrendous attack on the environment (Have you not read everything GO has posted here pre-Trump "weeping" about pollution and environmental destruction?  WHAT HAPPENED TO THAT, Monsta?), is prima facie evidence that Trump's RACIST BIGOTRY is the REASON GO will not admit he was WRONG to vote for Trump!


Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 8525
  • Location: Colchester, Vermont
    • View Profile
    • Agelbert Truth AND Consequences
Re: Money
« Reply #254 on: December 06, 2017, 03:11:51 pm »
I think it would have been better to say Golden Oxen has mixed feelings over Trump's tax reform. On the one hand he is fond of it because it curbs speculation in real estate which is damaging this country especially to the younger generations will have a hard time starting families. On the other he dislikes the plan for the usual cited reasons that it is decrease in corporate tax rates and a raise for the middle class workers. At least that is the point of criticism I assume GO follows since he posted the Paul Roberts article. I think he could have been clearer by not immediately and simply stating he was fond of the plan as he later added caveats to his statement.

From what I see any benefits will be outweighed by the negatives but I wonder how much this would effect his popularity. My sense is it will have no real effect on his voting base as it seems many of them are not interested in facts only bold vague statements and other hard line actions such as tight border controls and racial discriminatory speeches. Money for the mates, bigotry for the base. That is the game he plays.

The vast majority of Trump supporters and voters in general have no idea how the tax plan will affect them personally. Tax cut is a buzz word that gets votes from dumb people. Everybody loves a tax cut. Never mind who gets **** on the deal.

I see GO's POV and understand it. I think he makes a good point. Housing prices are too high.

Personally, I own real estate, so I'm not thrilled about a tax change that will wipe out my investments, but in terms of real estate prices in general, price is not that important to me. Cash flow is king, and cheap houses often flow more cash than expensive ones, and they're easier to buy and sell. It's the tax advantages and the inflation hedge that makes real estate a good investment under the current paradigm. That and the ability to lock in a 30 year loan at historically low rates (which is part of the inflation hedge too.)

Then you did not understand the video that you said you agreed with. All this TALK about side issues like real estate are just dodges for GO's continued racist support of Trump, as the video (I just posted again to Monsta) made CRYSTAL CLEAR, though it did not mention real estate specifically. If you want to wishful think that GO is being logical, go for it. I will not be fooled.
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

 

+-Recent Topics

Corruption in Government by AGelbert
January 21, 2018, 10:23:01 pm

Fossil Fuels: Degraded Democracy and Profit Over Planet Pollution by AGelbert
January 21, 2018, 08:49:08 pm

Mechanisms of Prejudice: Hidden and Not Hidden by AGelbert
January 21, 2018, 07:07:31 pm

Global Warming is WITH US by AGelbert
January 21, 2018, 06:21:44 pm

Money by AGelbert
January 21, 2018, 05:00:28 pm

Electric Vehicles by AGelbert
January 20, 2018, 05:51:23 pm

Human Life is Fragile but EVERY Life is Valuable by AGelbert
January 20, 2018, 03:34:06 pm

Non-routine News by AGelbert
January 20, 2018, 03:24:24 pm

Digging Down Into the Earth by AGelbert
January 20, 2018, 01:51:42 pm

Ocean Species Habits and Ocean Conservancy by AGelbert
January 19, 2018, 10:38:49 pm

Free Web Hit Counter By CSS HTML Tutorial