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Longwood50

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Everything posted by Longwood50

  1. Those are difference calculations. Spending as a percent of GDP takes total spending and total GDP. The 37% to as high as 46% is calculated to total spending to GDP if you subtract governent spending as a percentage of GDP. Government spending adds to the GDP total. If the government builds an aircraft carrier its value is added to GDP making the GDP total higher. If you subtract the government spending the GDP total goes down so if you then take total spending to the now reduced GDP it becomes a higher percentage.
  2. You obviously never owned or ran a business. I have owned four. Businesses don't pay taxes. When you purchase something here in Thailand there is a VAT do you pay for that? No, its added to your bill and THE COMPANY PAYS FOR IT. When you fill up with gasoline, there is a fuel tax, did you pay for it. NO THE COMPANY ADDED IT TO THE PRICE OF ITS GAS. Do you really think that whether it is a real estate tax, a government fee, or an income tax that the company has some magic pot of money that pays for that tax without it impacting the price it sells its products or services for. The government in the USA has adopted the slight of hand with taxes to conceal how much it really is taking. Some from income taxes, others from social security taxes, some from fuel taxes, some from excise taxes, some from import duties, some from company taxes etc. Now all of those taxes end up in the products and services we buy. The public would revolt if they were forced to pay all of those come every April 15 but bury them and through slight of hand and mouth declare that 'SOMEONE ELSE IS PAYING THEM. is the modus operandi of our government. The public foolishly believes that if somehow Amazon is writing the check to the federal government that somehow they are not. As to the problem with taxing companies. If I am a pharmaceutical company based here in the USA and subject to a large tax bill, I compete with pharmaceutical companies in low tax countries like Ireland. So, I am at a competitive disadvantage. It encourages me to leave the USA rather than lose market share to a competitor. That hurts jobs here in the USA and it is jobs that pay the taxes in the end. Now if I make a lot of money from being in business, the very first thing I want to do is expand and make even more. If I make only a little after taxes I not only don't have that incentive, I lack the money taken from me in taxes to fund that expansion. As to this tirade about inheritance taxes they are the most unfair of all. The person in order to have accumulated much money would have either inherited from a person already taxed before, or I would have had to earned it and at the highest tax rates. So I am taxed once when I earn it and again when I die. Sorry but that is confiscatory. You can blab all you want about the higher marginal rates in the past. The fact is the deductions in the past were far more generous and as such very few every paid that 90% rate. And common sense tells you that would you really risk your money in business so that someone could confiscate 90% of what you earned. The top 1% of tax payers now already pay more than the combined total of the bottom 90%. Basic economics. You subsidize things like mortage interest deduction to encourage behaviors you want to encourage. You tax things like cigarettes and gas guzzling cars to discourage their purchase. So high taxation of the "successful" means you are discouraging their behavior and hence there will be fewer of them. 65% of businesses in the USA fail within 10 years. 20% fail within the first year. So our current system where the young business is successful and you want to tax the <deleted> out of them while they are earning money is a primary reason why they fail. The money they should have kept in reserve to fend off bankruptcy when the business cycle has turned bad, had been already taken from them during the good years. Tax revenue in the USA has continually gone up, but spending by the government has increased faster. This is from a 17th century historian who studied the history of "democracies" A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. That is exactly what we now have, with our politicians robbing the treasury and burdening future generations by spending money they don't have in order to secure votes from those who benefit from that spending. Alexander Fraser Tytler, Lord Woodhouselee - Wikipedia
  3. I am not saying that it is only one administrations fault. Whether Bush, Obama, Trump, or Biden all have spent money like drunken sailors. This coming back to normal is a blatant false statement. Traditionally the spending to GDP has been in the 18% - 20% range. We are now at $6.6 trillion in spending in 2021. The GDP is $23.32 Trillion. That is 28.3% You are falling for the narrative that we need to do this because of the pandemic to "curb inflation" That is as false as the Affordable Care Act was ever about making health care affordable. All that and the stimulus spending names were to mislead the public into giant giveaways. All that spending with borrowed money has come with today's inflation. One way or another the USA now $31 trillion in direct federal debt and an estimated $100 trillion in unfunded mandates for things like social security, medicare and medicaid. Social Security is a pay as you go program where current tax receipts are funding payouts and medicare and medicaid likewise have no funds but are federal outlays each year. The technical definition of insolvency is when either your liabilities exceed your assets or your cash flow is insufficient to service your debt. The very fact the USA has to borrow more money each year to service its debts is testimony to the fact it meets the technical definition of insolvency.
  4. Yep, documents at Trump were known about and under negotiations between the Trump legal staff and the government over documents in his possession. The documents were in Mar Largo and given it is home to the former president a compound with secret service protection. The Biden documents were concealed and held in part in a garage. Oh, was it secure? Well the NY Post had this yesterday showing Hunter with two ladies exiting the home in Joe's Corvette. https://nypost.com/2023/01/18/hunter-biden-had-access-to-dads-corvette-stored-in-garage-where-classified-docs-were-found-photos/
  5. You know you liberals are very good at making up "facts" But short on ever providing any documentation to back up your fake assertions. I provided that Revenue had quadrupled in the past 20 years. Despite that spending increased even faster. See attached chart. No matter how much money is increased the government spends more. As to the companies I can see you are no student of economics. First, companies don't pay tax. They pass it along to their consumers. A tax is a cost and all costs must be passed on. So, having companies pay more in taxes means higher prices and for those who compete globally it puts them at a disadvantage to other nations with little to no taxes on business. It also robs the incentive for someone to go into business since they know the government will rob them of the fruits of their labor and HINT expansion of business that provides jobs costs money and if they have less left over after taxes it hinders expansion and hence hurts job creation. As to wealthy individuals having tax loopholes. A "loophole" is any legal deduction. For individuals, a 401(k) is a loophole, deducting mortgage interest is a loophole, having deducting your state and local taxes is a loophole. Now the top 1% already pay 37% of the total federal tax bill and the top 10% of income earners pay more than the botton 90% combined. Note these figures come from the IRS not made up from the crevices of your mind. The fact is that though the Federal Government collects far far far more in taxes than it did two decades ago, it is like a drunken sailor and spends even more. Why? it is essentially buying peoples votes by spending money on programs that people receive benefits from and hence become like the junkie hooked on drugs. They will continue to vote for those who feed their habit. If you refute these numbers. SHOW ME. Go to the IRS, not some left wing article and show me the hard facts. Mine come from IRS published numbers. As to your ridiculous assertion that the government does not spend to much, here is the spending chart. Notice the sharp rise. The USA for many decades was in the 18% to 19% range of federal spending to GDP. For 2021 the Federal Govt spent $6.8 Trillion and the total GDP was $23.32 Trillion. So unless you flunked math that is 29.16%. If you subtract government spending from GDP because spending is included in GDP you are closer to 46% ration of federal speding to the remainder of GDP which does not include government spending. At $6.8 Trillion the government is spending $52,307 for each and every of the 130 million families in the USA. The median family income is only $70, 284 so the federal government alone spends 74% of what the typical median income is. AND YOU REALLY WANT TO TRY AND PEDDLE THE NONSENSE WE DON'T SPEND TO MUCH. Historical Tax Share Data https://www.ntu.org/foundation/tax-page/who-pays-income-taxes#:~:text=Tax Shares in Tax Year 2020&text=The newly released report covers,percent of all income taxes. https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxes
  6. Wrong Answer. The problem is not lack of tax revenue. Federal receipts have gone up 400% in the past two decades. Despite having far more money, the Democrats with their spending have spent faster than taxes can keep up. Spending as a percent of GDP is now 42.36. The historical average from 1929 to 2010 was 18.6% of GDP. The problem is not that we tax too little. The problem is the USA spends too much. The 42.36% figure means of every service or product produced in the USA annually the Federal Government spends $42.36 dollars for every $100 earned. https://stats.areppim.com/stats/stats_usxrecxspendxgdp.htm FISCAL YEAR REVENUE FY 2021 $4.05 trillion FY 2020 $3.42 trillion FY 2019 $3.46 trillion FY 2018 $3.33 trillion FY 2017 $3.32 trillion FY 2016 $3.27 trillion FY 2015 $3.25 trillion FY 2014 $3.02 trillion FY 2013 $2.78 trillion FY 2012 $2.45 trillion FY 2011 $2.30 trillion FY 2010 $2.16 trillion FY 2009 $2.11 trillion FY 2008 $2.52 trillion FY 2007 $2.57 trillion FY 2006 $2.41 trillion FY 2005 $2.15 trillion FY 2004 $1.88 trillion FY 2003 $1.78 trillion FY 2002 $1.85 trillion FY 2001 $1.99 trillion FY 2000 $2.03 trillion FY 1999 $1.83 trillion FY 1998 $1.72 trillion FY 1997 $1.58 trillion FY 1996 $1.45 trillion FY 1995 $1.35 trillion FY 1994 $1.26 trillion FY 1993 $1.15 trillion FY 1992 $1.09 trillion FY 1991 $1.06 trillion FY 1990 $1.03 trillion
  7. There are "sinister" inferences as to why Trump is dealing with the LIV. One has to keep mindful of the fact that the PGA Tour had a contract to play one of the majors at Bedminster a course part of the Trump propeties. They breached that contract and paid a settlement to Trump. This is nothing more than payback to the PGA Tour for their actions. It is a trypical Trump response when someone has taking actions detrimental to him. He responds in kind. https://www.golfdigest.com/story/pga-trump-settlement-2022
  8. The current National Debt is $31 Trillion. There are approximately 130 million families in the USA meaning that each family's share is $238,461. And somehow the spending and debt should go up? At $31 Trillion, the current 10 year treasury bond rate is 3.49%. Meaning each year the federal government has to pay just over $1 Trillion in interest. That does not include any amounts the Federal Governent has in unfunded programs like Social Security, Medicare, and Medicaid. And it is just dawning on people that the USA can not nor ever will be able to repay its debts. The current financial management is akin to using your own personal credit card to finance all your daily spending. Eventually you can't get more credit and don't earn enough to pay the minimum on the credit card. PS. the amount of $31 trillion does not include the amounts in debt by the States, Counties, and Local municipalities.
  9. I hope this is permitted. I just wanted to share what I considered helpful information. I have used this person two times to do car camera installations and his price was very reasonable and done professionally. More important he comes to your location to do the installation. He has a store in the Tesco Lotus North Pattaya. If you are looking for a camera or just installation, I highly recommend. 092-8514151
  10. Well sir, there is no such thing as Actively Traded. If they were traded they would be public. A privately held company does not trade. DUH.
  11. That money Brian went to the players not to Donald Trump. So your post is so far off bounds it should be removed.
  12. Evenkeel This is a coordinated effort to smear. In the years prior to Trump running for president he was the same man with business interests around the world and minimal news coverage or legal actions. Since announcing his candadicy the media which is overwhelmingly liberal in concert with their Liberal coharts have siezed on every opportunity to lable ever incident as somehow a crime. They recognize that the original story and accusations make the headlines and then the lack of evidence such as the Russian collusion are forgotten. if the amount paid for the rental of one of his golf courses was demonstrably higher than other similar leases than SAY SO AND PROVE IT. There is nothing wrong with a business person engaging in legitimate business transactions that involve foreign countries. Now this may seem like a minor point but the contract was between the LIV which is an investment of the Saudi Investment Fund, it was not a contract between Saudi Arabia and Donald Trump.
  13. Does anyone know of a source hopefully a link on the internet to the Thailand Land Develpment Act - FOR HOMES NOT CONDOMINIUMS I understand they are two separate laws and the rules are different. I find many sources and links for the Condominium Law but none for villages that are single family homes with Juristic Entities. English would be great but even Thai I can use the computer to translate.
  14. Joe could have been involved in a conflict of interest because he was not holding any official function at that time Try this one for just one example. You quoted this as fact despite not knowing what time period was covered by the Biden Laptop and further, his influence peddling would still be something that could put Joe Biden in a conflict if he was acting on behalf of a foreign government even though he left office.
  15. Candide: Everyone is entitled to their own opinion. They are not entitled to their own facts. You rely only on what you believe to be true. I have never seen you back up any of your assertions with outside verification.
  16. Three points 1. do you know Biden had security clearance and permission to take the documents. 2. If he had as you are grasping at "security clearance" why would his attorneys have to report them after all according to your unsubstantited assertion he would be permitted to have the records> 3. Even if a person has security clearance and permission to have classified documents the law is very clear that the person must properly safeguard them. Having them in a garage is hardly what any reasonable person would consider safe. As mentioned, there is an extensive security detail and protocol at Mar Largo plus secret service agents. Not true at Biden's garage.
  17. No but you were somehow making the inference that Biden "if he had permission" was ok in storing the records in his garage. I was pointing out that even Hillary had her records in a more secure location, her bathroom and Trump's residence at Mar Largo was secured by secret service. So of those which person was the most reckless with the STORAGE of classified information.
  18. This Juristic Entity has never filed for 10 years so as said, the Land Ofice does not check for compliance. I read that proxies from foreigners were required to be verified, meaning witnessed and notarized. However I can not find where I originally read that. If you don't have proxies verified by way of witness and notarization how do you establish they are valid signatures. I could sign someone elses name and claim it was a proxy from another homeowner. As to ID, I can copy the same ID over and over again, which proves nothing.
  19. Now you are also making a "fact" out of something that has not been established. Irrespective of whether you have security clearance or not, mishandling or failure to secure classified documents is a crime. The storage of documents in a garage would hardly be appropriate. So you suggesting that if he had clearance that would be ok is truly a farse. Also, why would Biden attorneys declare them if as you suggest he received clearance to have them. As said, Trumps lawyers had been negotiating for over a year. They were contesting whether some of the records were subject to the subpoena and also contesting if some of the records had been declassified. Neither of those exist with Biden. Biden's actions are even worse than Hillary Clintons who had classified information on her server secured in a bathroom closet
  20. So does that mean if I remove classified material from the White House and then declare that I have taken it, I am exonerated from the crime of mishandling classified documents? At least Trumps documents were in Mar Lar Go and had secret service agents on the premises. Further, 1. The judge did not hold Trump in contempt for failure to turn over the documents, saying the two parties should settle this. 2. You fail to mention that Trump's legal team had been contesting the turning over the documents for a year and were in negotiations with the government regarding what documents should and should not be returned. Do you really think that if the Trump team did not have a legal right to contest the subpoena? He certainly had to right to demonstrate that either the records fell outside the scope of the subpoena or provide evidence that the records had been declassified. Instead, handlind this in the courts the Democrats wanted the visual of Mar Largo being raided. https://abcnews.go.com/Politics/national-archives-letter-shows-extent-classified-material-previously/story?id=88742019 https://abcnews.go.com/Politics/judge-declines-doj-request-hold-trump-team-contempt/story?id=94809481
  21. Not an attorney but you have claimed a fact NOT IN EVIDENCE You have zero knowledge that any of the transactions that are on Hunters Laptop do not cover the period of time that Biden was in office. Also, even after leaving office, if and I repeat if Biden was using his influence to benefit another country he would have had to declare himself to be an agent for a foreign government. Perhaps the name General Flynn might ring a bell. As to Hunter Biden being an attorney. I had no idea that Law School provided intense knowledge of Oil & Gas that the Ukrainians would find so valuable nor that your JD degree made you somehow an expert in real estate investing. The fact is nobody pays someone else millions or gives them billions without vetting them. You have a person in Hunter who was reckless, a drug abuser booted from the military and with no record of any accomplishments other that his ability to secure hookers. And you really want to swallow that despite that, the Ukrainians and Chinese hired him and his firm because of his "expertise" in anything. The very fact that Hunter was so careless to have recorded incriminating evidence on his laptop and then forget retrieving it after it was repaired serves as pretty compelling evidence why the Chinese and Ukrainians would never hold him in high regard.
  22. I hear you regarding the difficulty but the Land Office is not ever going to check anything. The fact that the law requires that the proxies be witnessed and notarized is truly what should govern proxies. Otherwise, each homeowners association could just say, oh we don't want to open a bank account, or we don't want to do an audit even though both are required.
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