'I'm spending all my money to get rid of Trump': Michael Bloomberg

[mogandave]

15 minutes ago, bristolboy said:

Well, whether it's bad or not is not at issue here. What is at issue is the notion that the stock market rise is proportionate to the performance of the economy.

But what is bad about it is that the loss of tax revenue is being used to enrich the wealthiest tranche of Americans.  

It also enriches:

Everyone that holds stock, rich or poor.

Everyone with a 401k.

Everyone with a public pension

Everyone with a private pension

Everyone that works for a corporation that received a tax cut. 
 

And everyone that makes a profit in the market will have to pay taxes on the profit. 
 

The whole evil-rich class warfare thing promoted by the left has grown tiresome. 
 

And who do they have running for President? A bunch of rich white people,,,,

 

Edited January 16, 2020 by mogandave
Sp

[bristolboy]

3 minutes ago, mogandave said:

It also enriches:

Everyone that holds stock, rich or poor.

Everyone with a 401k.

Everyone with a public pension

Everyone with a private pension

Everyone that works for a corporation that received a tax cut. 
 

And everyone that makes a profit in the market will have to pay taxes on the profit. 
 

The whole evil-rich class warfare thing promoted by the left has grown tiresome. 
 

And who do they have running for President? A bunch of rich white people,,,,

 

84% of stocks in the USA are owned by the top 10%.

50% by the top 1 percent.

dividends are taxed at capital gains rates which have been slashed.

The revenue lost to the wealthiest Americans would have been far better spent directly benefiting middle class, working class, and poor Americans rather than further subsidizing the rich.

 

 

[Nyezhov]

5 minutes ago, Eric Loh said:

Only make rich companies richer. 

And my Mom. 60 plus years of frugal penny pinching investing. My sister, my Nephew, my buddy up in NY, one of our operators making $40 an hour on a 4th grade education......they are all sharing the wealth so to speak.

 

There are plenty of regular working people watching their 401Ks grow. And its only getting better.

 

Of course, YMMV. Im one of those guys who thinks the best way to change the world is through joy and happiness. I lived happily though Reagen and Clinton bringing in the bucks and complained about Obama only because he wasnt bringing home the Chicken (thank you unretired Running Back dude).

 

Its all about the Chicken. Everywhere. The system and philosophy that grows the Chicken the most wins.

 

Bloomberg can spend what he wants but he cant overcome that. And he is the only one who can compete on giving folks the Chicken. The rest of them would turn this country into, well I dont know, but has there been a topic opened yet about Bernies staffers view on the world? If not, hopefully the News Dudes will.

 

So here is crystal ball: Bloomberg  gets the nod, Sanders goes Third Party as a Socialist. Thats the only way they have a chance.

[mogandave]

7 minutes ago, bristolboy said:

84% of stocks in the USA are owned by the top 10%.

50% by the top 1 percent.

dividends are taxed at capital gains rates which have been slashed.

The revenue lost to the wealthiest Americans would have been far better spent directly benefiting middle class, working class, and poor Americans rather than further subsidizing the rich.

 

 

I always see the numbers regurgitated, but do you have a breakdown? 
 

Some of the largest shareholders in the world are pension funds. 
 

 

[zydeco]

1 hour ago, mogandave said:

Evil corporations giving profits back to the shareholders. How is this bad? 
 

 

Well, until the Reagan admin, it used to be illegal, because it was considered stock manipulation.

[zydeco]

36 minutes ago, Nyezhov said:

There are plenty of regular working people watching their 401Ks grow. And its only getting better.

It seems 78 percent of them are living paycheck to paycheck, with no savings whatsoever. Doubt if much goes into those 401Ks. Maybe they're putting them into those 409Ks Trump the Chosen One was talking about??? https://www.forbes.com/sites/zackfriedman/2019/01/11/live-paycheck-to-paycheck-government-shutdown/#24a142784f10

Edited January 16, 2020 by zydeco

[Eric Loh]

31 minutes ago, Nyezhov said:

And my Mom. 60 plus years of frugal penny pinching investing. My sister, my Nephew, my buddy up in NY, one of our operators making $40 an hour on a 4th grade education......they are all sharing the wealth so to speak.

I am pleased that your family members are doing well. I don’t claimed to be a tax expert but can safely said that rise in wage in relation to tax collection is a normal phenomenon (except during a recession ) as the size of economy grows as population grows. I can also tell you that previous 3 Presidents presided over double digit annual increase in individual tax receipts. Also important to note is that while individuals have done better and income tax has risen, the portion of corporate tax contributions has dropped with Trump’s tax cuts. Rich corporations find clever ways to pay little to no tax. I believed this is Trump’s business philosophy too. 

[zydeco]

49 minutes ago, Nyezhov said:

Its all about the Chicken. Everywhere. The system and philosophy that grows the Chicken the most wins.

Like the $23 trillion debt? That's a bunch of chickens. Wait until they come home to roost.

[meechai]

1 hour ago, mogandave said:

QE did not start with Obama. 

True but it sure grew wings

 

 

 

[Nyezhov]

18 minutes ago, zydeco said:

Like the $23 trillion debt? That's a bunch of chickens. Wait until they come home to roost.

Yes, the debt that neither party cares about. Too bad they cant get together and fix it since they both now recognize its a problem.

 

Or do they? 

[zydeco]

2 minutes ago, Nyezhov said:

Yes, the debt that neither party cares about. Too bad they cant get together and fix it since they both now recognize its a problem.

 

Or do they? 

Quite correct. But Trump campaigned against QE, against reducing interest rates, and for reducing the debt. I used to post his tweets on this. He had a history of crowing about it from 2011 to 2016. But TVF apparently disallows tweets, even though they are Trump's self proclaimed official means of communication (that is in another tweet I can't post). So, yes, he lied. Just as he has lied about immigration (DACA, the Wall, H1Bs), the cave in on the China trade "deal," the budget sequester, the withdrawals from the wars, Nafta (which he made worse), the "swamp," etc., etc. 

[Nyezhov]

2 minutes ago, zydeco said:

Quite correct. But Trump campaigned against QE, against reducing interest rates, and for reducing the debt. I used to post his tweets on this. He had a history of crowing about it from 2011 to 2016. But TVF apparently disallows tweets, even though they are Trump's self proclaimed official means of communication (that is in another tweet I can't post). So, yes, he lied. Just as he has lied about immigration (DACA, the Wall, H1Bs), the cave in on the China trade "deal," the budget sequester, the withdrawals from the wars, Nafta (which he made worse), the "swamp," etc., etc. 

I dont quite understand what you are saying as it relates to both parties ignoring the debt, but you got to complain about the President so I guess you feel better.

 

Im thinking that it used to be Bush Lied and People Died. Now its Trump Lied and the Democrats Cried.

[bendejo]

48 minutes ago, zydeco said:

Well, until the Reagan admin, it used to be illegal, because it was considered stock manipulation.

Until Reagan paying off politicians was called graft and was illegal.  Now it's done via a middleman called a PAC, and all involved can walk in the sun on K Street.

 

 

[metisdead]

Some off topic trolling posts and replies have been removed. 

[zydeco]

4 minutes ago, Nyezhov said:

I dont quite understand what you are saying as it relates to both parties ignoring the debt, but you got to complain about the President so I guess you feel better.

 

Im thinking that it used to be Bush Lied and People Died. Now its Trump Lied and the Democrats Cried.

I call Trump a liar because he specifically campaigned against QE, lowering interest rates, and for reducing the debt. Now, he demands QE, wants even negative interest rates, and hasn't mentioned the debt since coming into office. I am calling him out on his specific lies. Next time you want to use memes in your counter argument, btw, don't forget to add a picture.

[bristolboy]

34 minutes ago, Nyezhov said:

I dont quite understand what you are saying as it relates to both parties ignoring the debt, but you got to complain about the President so I guess you feel better.

 

Im thinking that it used to be Bush Lied and People Died. Now its Trump Lied and the Democrats Cried.

The difference is that Republicans cried about the debt during the Great Recession when increased government spending was necessary in order to offset the huge drop in private demand. Now with the economy fully recovered the Republicans have supported huge increases in debt which mostly benefits the wealthiest Americans.

Also, it's important to not the Keynesian economics says spend in major recessions/depressions and save when the economy is strong. The Republicans have it exactly backwards.

[metisdead]

Some troll posts have been removed. 

[mogandave]

2 hours ago, bristolboy said:

The difference is that Republicans cried about the debt during the Great Recession when increased government spending was necessary in order to offset the huge drop in private demand. Now with the economy fully recovered the Republicans have supported huge increases in debt which mostly benefits the wealthiest Americans.

Also, it's important to not the Keynesian economics says spend in major recessions/depressions and save when the economy is strong. The Republicans have it exactly backwards.

So where should increase taxed and cut spending to reduce the the debt? 

[thaibeachlovers]

On 1/15/2020 at 5:41 PM, KKr said:

personally, if I were to vote between them, I would consider that:
Bloomberg as an accomplished business man, based on the merit of his product and his business skills, not on defrauding contractors.
Bloomberg is an experienced Government Administrator (whether one likes it or not what happened in NY under his rule)

Unfortunately for the Dems, an incumbent president that hasn't stuffed up greatly ( like Carter did ) is likely to win as people don't want to mend something that isn't broken.

So long as the economy is good ( the new China deal can only help ) and he doesn't get involved in any unpopular wars ( Lyndon Johnson ), Trump is a virtual shoo in, IMO.

[thaibeachlovers]

20 hours ago, bristolboy said:

84% of stocks in the USA are owned by the top 10%.

50% by the top 1 percent.

dividends are taxed at capital gains rates which have been slashed.

The revenue lost to the wealthiest Americans would have been far better spent directly benefiting middle class, working class, and poor Americans rather than further subsidizing the rich.

 

 

Sooooo, you want the USA to become a socialist country?

[thaibeachlovers]

19 hours ago, zydeco said:

Just as he has lied about immigration (DACA, the Wall, H1Bs), the cave in on the China trade "deal," the budget sequester, the withdrawals from the wars, Nafta (which he made worse), the "swamp," etc., etc. 

Hmmmmmm. Wasn't it the courts that stopped his immigration policies, the wall is being built, a new China deal has been struck which benefits farmers, he hasn't started any wars yet, he did renegotiate NAFTA, the swamp is resisting rather successfully but one can't win everything.

I was very happy when a previous president said he would close Guantanamo Bay- was that a lie?

[gamb00ler]

21 hours ago, bristolboy said:

84% of stocks in the USA are owned by the top 10%.

50% by the top 1 percent.

dividends are taxed at capital gains rates which have been slashed.

The revenue lost to the wealthiest Americans would have been far better spent directly benefiting middle class, working class, and poor Americans rather than further subsidizing the rich.

 

 

 

5 minutes ago, thaibeachlovers said:

Sooooo, you want the USA to become a socialist country?

Rather than reinforcing the "feed back loop" in the current tax structure, education system and untold other financial systems, he is favoring a "resistor" to reduce the impact.  I don't expect you to understand the comparison.  I can explain it for you but I can't understand it for you.

[thaibeachlovers]

19 hours ago, zydeco said:

I call Trump a liar because he specifically campaigned against QE, lowering interest rates, and for reducing the debt. Now, he demands QE, wants even negative interest rates, and hasn't mentioned the debt since coming into office. I am calling him out on his specific lies. Next time you want to use memes in your counter argument, btw, don't forget to add a picture.

When it comes to lies, name a president in the last 47 years that hasn't ( with the possible exception of Carter ).

[thaibeachlovers]

2 minutes ago, gamb00ler said:

 

Rather than reinforcing the "feed back loop" in the current tax structure, education system and untold other financial systems, he is favoring a "resistor" to reduce the impact.  I don't expect you to understand the comparison.  I can explain it for you but I can't understand it for you.

So you assume that I'm stupid, 555555555555555

Don't bother explaining it, as it's off topic.

 

[thaibeachlovers]

On 1/15/2020 at 6:14 PM, Jingthing said:

has the potential to reunify the U.S. that is now divided as severely as it has been since the civil war.

IMO as long as the coasts demand that EVERYONE accept 35 ( or however many it is ) different genders and all the rest of the <insert description of choice> agenda, middle America will never accept a far leftist president.

Till the Dems can come up with a moderate candidate that is acceptable to all Americans, I hope the Dems continue to lose.

Edited January 17, 2020 by thaibeachlovers

[bristolboy]

1 hour ago, thaibeachlovers said:

Sooooo, you want the USA to become a socialist country?

Before the Reagan administration slashed taxes on the wealthy, was the USA a socialist country? Before the Bush administration further slashed taxes on the wealthy was the USA still  a socialist country? Or did the USA finally shake itself free of the shackles of Socialism when Trump even further slashed taxes on the wealthy?

 

[mogandave]

10 minutes ago, bristolboy said:

Before the Reagan administration slashed taxes on the wealthy, was the USA a socialist country? Before the Bush administration further slashed taxes on the wealthy was the USA still  a socialist country? Or did the USA finally shake itself free of the shackles of Socialism when Trump even further slashed taxes on the wealthy?

 

So where should increase taxes and cut spending to reduce the the debt? 

[meechai]

27 minutes ago, mogandave said:

So where should increase taxes and cut spending to reduce the the debt? 

Reduce debt? Same as anyone...spend only what you have?

Which would be funny because I think all taxes collected per year does not even cover the interest on the debt these days

 

But for starters the elephant in the room is the US Military 6-700 BILLION per year

 

Next we can cut the handout to countries like Israel who can dang well afford their own existence without Billions USD  per year

Plus many others.......

 

 

Edited January 17, 2020 by meechai

[Nyezhov]

27 minutes ago, meechai said:

Next we can cut the handout to countries like Israel who can dang well afford their own existence without Billions USD  per year

Most of that isnt a handout, Its for services rendered.

[rabas]

 

37 minutes ago, meechai said:

Reduce debt? Same as anyone...spend only what you have?

Which would be funny because I think all taxes collected per year does not even cover the interest on the debt these days

 

But for starters the elephant in the room is the US Military 6-700 BILLION per year

Reduce debt? Same as anyone...spend only what you have

 

I would rather borrow money, invest it, and get rich.

 

But for starters the elephant in the room is the US Military 6-700 BILLION per year

 

You may start there but eventually you come to the phone booth with a herd of dinosaurs: Four, TRILLION, dollars, per year, just for the US health industry. $4,000,000,000,000.

 

4000000000000/600000000000 = almost 7 times!

Edited January 17, 2020 by rabas