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| why is the cure for inflation to rase loan rates why not tax the top 10% instead (Page 4/8) |
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ray b
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NOV 08, 01:45 PM
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| quote | Originally posted by williegoat:
It has been shown that increasing taxes does not substantially increase revenue, but the perceived windfall will be redistributed by politicians in the form of “sweetheart deals” to sectors such as “big pharma” and “green energy”.
How does this help the average American? |
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no the lol curve shows rates under 50% increase total revenues
ONLY WHEN OVER MID CURVE TOP DOES THE TAKE REDUCE WITH INCREASED RATES
it is math not MAGIC TOP OF THE CURVE IS THE MOST INCOME TO THE GOVERNMENT
WHY CAN'T THE CON'S READ A GRAFT
we have not been NEAR the top of the curve in 40 years
BTW THE BOOK TOP RATE IS ONLY PAID BY FOOLS WITH OUT TAX ADVICE
if we ever get to see the rates paid or NOT paid by the rump that would be clear !!!!!!!!!!!
Romney paid 13% not 30 37 0r 39% just 13% on a million income 13% way way down low on that LOL curve
current scam helps the richest only
hurts the nation by increased debts aka all of the citizens debts
the avg working stiff by high costs and rates and taxes that can't be dodged like SS health insurance work mans comp ect[This message has been edited by ray b (edited 11-08-2022).]
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Jake_Dragon
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NOV 08, 02:03 PM
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Guess I will quit my job and start mowing lawns, apparently this is the road to success and all the years I have dedicated to my profession were a waste of time.
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kslish
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NOV 08, 02:15 PM
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| quote | Originally posted by ray b:
is there a better idea then rates on loans to the damm banks ?
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Yea, teach people to not borrow money in the first place for every little thing (maybe real estate being the exception). Learn to live within your means, and not be in debt because it just snowballs. There should be repercussions for one's bad decisions.
Need a car and not flush with cash? Buy that $6000 used Toyota, not something that needs a $50,000 loan.
I didn't really learn this lesson until I was close to 30 and kick myself for not realizing it earlier. Personal economics should be taught in high school, but it isn't prioritized. The "system" is a bunch of predatory sharks that take advantage of the uninformed and naive. It starts early, just watch outside a student union on a college campus move in day.....there are a bunch of booths hawking student credit cards (with "free" gifts!) and so on making it feel like "free money" when it is anything but.
I'm starting to wonder if most of our elected officials have ever taken (or flunked) a basic economics class anymore.
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williegoat
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NOV 08, 02:22 PM
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| quote | Originally posted by kslish:
Yea, teach people to not borrow money in the first place for every little thing (maybe real estate being the exception). Learn to live within your means, and not be in debt because it just snowballs. There should be repercussions for one's bad decisions.
Need a car and not flush with cash? Buy that $6000 used Toyota, not something that needs a $50,000 loan.
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Words of wisdom.
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olejoedad
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NOV 08, 03:03 PM
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| quote | Originally posted by kslish:
Yea, teach people to not borrow money in the first place for every little thing (maybe real estate being the exception). Learn to live within your means, and not be in debt because it just snowballs. There should be repercussions for one's bad decisions.
Need a car and not flush with cash? Buy that $6000 used Toyota, not something that needs a $50,000 loan.
I didn't really learn this lesson until I was close to 30 and kick myself for not realizing it earlier. Personal economics should be taught in high school, but it isn't prioritized. The "system" is a bunch of predatory sharks that take advantage of the uninformed and naive. It starts early, just watch outside a student union on a college campus move in day.....there are a bunch of booths hawking student credit cards (with "free" gifts!) and so on making it feel like "free money" when it is anything but.
I'm starting to wonder if most of our elected officials have ever taken (or flunked) a basic economics class anymore. |
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Quoted because this is the best solution to personal indebtedness.
- Borrow only to buy things that appreciate.
- Never use carried-over credit on consumables.
- Save money first.
- Pay bills pay bills second.
- Buy necessary items third.
- Never waste money by "rewarding" yourself.
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williegoat
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NOV 08, 03:09 PM
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| quote | Originally posted by ray b:
no the lol curve shows rates under 50% increase total revenues
ONLY WHEN OVER MID CURVE TOP DOES THE TAKE REDUCE WITH INCREASED RATES
it is math not MAGIC TOP OF THE CURVE IS THE MOST INCOME TO THE GOVERNMENT
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Just like how Biden created jobs and lowered gas prices?
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WHY CAN'T THE CON'S READ A GRAFT
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We like to leave the graft to the Democrats. That is an area where they have plenty of experience.
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BTW THE BOOK TOP RATE IS ONLY PAID BY FOOLS WITH OUT TAX ADVICE
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So, what you are saying is that to "tax the rich" is pointless.
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MidEngineManiac
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NOV 08, 03:33 PM
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| quote | Originally posted by ray b:
You ever heard of John Galt ???
a FICTONAL nonperson dreamed up by a russian refugee
who was not a good author
to bolster an imaginary government reform ? |
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A parable to show how to deal with entitled lefties and their demands.
John Galt is everybody who has had enough. Everybody who spent the time, effort, money and energy to better themselves, only to be made a slave to those who couldn't be bothered.
Doesnt have to be an industrialist.
A mechanic is perfectly capable of going to flip burgers. A career burger-flipper liberal arts major is not capable of going to fix the car/truck/bike/appliance/whatever.
When the mechanics have all become broom-pushers and burger-flippers because they are sick of you'all. Everybody walks and eats raw and rotten because nothing runs anymore.
When the builders have had enough. everybody lives in tents because nobody can build anymore.
You need the skilled, but they do not need you.
When a persons only "skillset" is flapping their gums and making up theft rules for everybody to follow, they are not skilled. They are the very definition of useless eater, no matter how much effort they have put into convincing the world otherwise.[This message has been edited by MidEngineManiac (edited 11-08-2022).]
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williegoat
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NOV 08, 03:48 PM
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MidEngineManiac
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NOV 08, 04:45 PM
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It's getting pretty close to the point they start crying about "social responsibility" and "you have to' (It doesnt exist and no I dont)
Then the foot stomping and riots start...
Then they start passing "laws" and "policies' and "mandates" to legislate the theft and skilled labor into producing.
IOW, gimme or I'll just make you a slave and take.
Funny thing is, those around me couldn't for the life of themselves understand why I refused to go back to corporate or repair when i went back to the workforce after TSHTF in 15.
I kinda like being left alone in peace at 5 without fighting about it.[This message has been edited by MidEngineManiac (edited 11-08-2022).]
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randye
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NOV 08, 06:32 PM
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| quote | Originally posted by olejoedad:
Quoted because this is the best solution to personal indebtedness.
- Borrow only to buy things that appreciate.
- Never use carried-over credit on consumables.
- Save money first.
- Pay bills pay bills second.
- Buy necessary items third.
- Never waste money by "rewarding" yourself. |
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100% correct.
I have been fortunate enough in my days on this earth to spend time with some very successful, wealthy, people, (i.e. Forrest Lucas / LUCAS OIL), and they have all offered the same advice:
"NEVER borrow money unless you are using it to make more money and that means a ROI substantially over paying back the principle and interest."
Anything else makes you a voluntary debt slave to someone else.[This message has been edited by randye (edited 11-08-2022).]
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