Open Side Menu Go to the Top
Register
Occutober LC thread Occutober LC thread

10-19-2011 , 03:54 PM
Quote:
Originally Posted by suzzer99
.
Suzzer, surely you don't read adios' post to say that the tax code should be graspable by any 5 year old. That's clearly clearly clearly not what adios was saying. At all.

And characterizing adios is saying that makes it sound like you think the tax code is simple, and there are just some stupid republicans out there (Cain, adios, et al.) who have their undies all bunched up because its not SO simple that a 5 year old can understand it. Which is also pretty unfair. The tax code is complex. It's complex as ****. I take classes on it and I still don't understand it particularly well. There's a reason anyone with any significant amount of assets hires somebody to do their tax returns.
10-19-2011 , 03:56 PM
Quote:
Originally Posted by FlyWf
I don't think there's a Buchanan analog. It's not a remarkable comment to say that Tea Partiers are the sort of people who handwring about a minority-majority America and all that ****. All that "take our country back stuff"... that's what they are talking about.

I mean, here's the thing. Right now I think you're trying to say that Pat Buchanan doesn't represent Tea Party views there, that within that group he's the fringe... but if we started going quote-for-quote I'm pretty sure you'd switch to arguing that Pat Buchanan is RIGHT and that his statements aren't as controversial as Walsh makes them out to be.
Great, you can be right in hypothetical world then. Even for you, that's one lazy ass strawman.
10-19-2011 , 03:58 PM
Quote:
Originally Posted by suzzer99
The mortgage deduction is about 10th on the blame list and is nothing more than a contributong factor to the severity of the MBS disaster. It's helped a ton of middle class and lower middle class people.
It's also hurt a lot of middle class and lower middle class people. The danger of the government intervening through tax credits is that no matter how absurd or unfair the tax preference, people will accept it a lot easier than they would an equivalent spending program.
10-19-2011 , 04:11 PM
Quote:
Originally Posted by suzzer99
The mortgage deduction is about 10th on the blame list and is nothing more than a contributong factor to the severity of the MBS disaster. It's helped a ton of middle class and lower middle class people.
Actually, not at all. The benefit is priced in to housing prices, so buyers pay a bit more while renters (more likely the poorer you are) subsidize the whole scam. And of course the amount of subsidy you receive is larger the more expensive your house is, so joe blow lower middle class, even if he's getting the deduction, is often a net loser.
10-19-2011 , 04:28 PM
Quote:
Originally Posted by BornToPun
Suzzer, surely you don't read adios' post to say that the tax code should be graspable by any 5 year old. That's clearly clearly clearly not what adios was saying. At all.

And characterizing adios is saying that makes it sound like you think the tax code is simple, and there are just some stupid republicans out there (Cain, adios, et al.) who have their undies all bunched up because its not SO simple that a 5 year old can understand it. Which is also pretty unfair. The tax code is complex. It's complex as ****. I take classes on it and I still don't understand it particularly well. There's a reason anyone with any significant amount of assets hires somebody to do their tax returns.
I.R.S. Watchdog Calls for Tax Code Overhaul

When the IRS ombudsman calls the tax code overly complex I think it's fair to say that it's overly complex. . suzzer isn't particularly worried about the facts or understanding a point of view that he doesn't agree with.

I've stated this many on this forum, since the USA has a diverse set of income earners taxing income tends to make for a complex tax code. This also makes the tax code a breeding ground for special interest groups that lobby Congress to get favorable tax treatment for their particular circumstances. Anyone see a possibility of corruption with this situation?

Last edited by adios; 10-19-2011 at 04:49 PM.
10-19-2011 , 04:30 PM
Quote:
Originally Posted by bobman0330
So how is the government subsidy on taking out huge mortgages working out? Obviously a functioning tax code won't be and shouldn't be simple, but there's should be a really high bar before you add noneconomic deductions or credits. In part because it increases complexity and in part because most of them are either unjustifiable giveaways, disastrously distortionary, or both.
Also called picking winners and losers == central economic planning.
10-19-2011 , 04:34 PM
We killed al-Awlaki's 16 year old son (born in Denver, US citizen) with a freedom bomb in Yemen. USA! USA! USA!

link
10-19-2011 , 04:35 PM
Quote:
Originally Posted by Riverman
Actually, not at all. The benefit is priced in to housing prices, so buyers pay a bit more while renters (more likely the poorer you are) subsidize the whole scam. And of course the amount of subsidy you receive is larger the more expensive your house is, so joe blow lower middle class, even if he's getting the deduction, is often a net loser.
Yes the benefit is definitely reflected in housing prices.
10-19-2011 , 04:46 PM
Quote:
Originally Posted by goofyballer
We killed al-Awlaki's 16 year old son (born in Denver, US citizen) with a freedom bomb in Yemen. USA! USA! USA!

link
Didn't you see The Godfather II? When he grows, he'll grow up strong. And then come for revenge. And then he'll throw all the pieces of his gun down chimneys like he was afraid of 1920s CSI.
10-19-2011 , 05:28 PM
What are people's thoughts on starting a political chain email thread? As I mentioned earlier I get a ton of them from my dad and other random family members and for the most part they are pretty comical and they're sure to become more outrageous as we get closer to the election. Seems like it could have potential.
10-19-2011 , 05:45 PM
Revenues by Source (Percent of GDP)


Average Federal Tax Rates, by Income Quintile, 1979 to 2007 (Percent)


Looks like lowest income quintile has seen largest percentage federal tax decrease since 79. The source of this is this CBO blog post:

Some Context for Thinking About Deficit Reduction: Federal Revenues
10-19-2011 , 05:54 PM
Um can you see where if more people in the bottom quintile were even poorer - IE had zero income - that the average federal tax rate of the whole quintile would drop?

Show me the tax rate based on a specific income. Not the average across a quintile - that could mean a lot of things.
10-19-2011 , 06:16 PM
I'm thinking we need to bring back a game of Sheep to Politics. I'm thinking one themed around the GOP primary. Are people interested? Run it soon, or wait until closer to when primaries and caucuses start going?
10-19-2011 , 06:25 PM
lulz http://www.yubanet.com/opinions/Andy...p#.Tp9Na3Iewrs

Quote:
ZANESVILLE, OH (The Borowitz Report) October 19, 2011 – As dozens of escaped exotic animals terrorized the town of Zanesville, Ohio, the Rev. Pat Robertson raised eyebrows today by saying that "God allowed those wild animals to escape because he wanted them to find gay people and bite them."

Rev. Robertson, who made his remark during a regular broadcast of his 700 Club television program, said that the Book of Revelation made explicit reference to "escaped lions, tigers and bears running around Ohio biting gay people" as a prelude to the Rapture.

The televangelist also contradicted local officials who were had warned Zanesville residents to remain indoors until the all the animals had been accounted for: "Really, those animals won't bite you unless you're gay."

The escaped wild animals immediately became a hot-button issue in the race for the Republican presidential nomination.

At a campaign stop in South Carolina, Texas Gov. Rick Perry said, "If the authorities are putting innocent creatures to death, I'm for it."

And in Iowa, Rep. Michele Bachmann (R-Minn) told reporters, "We should ship those animals back either to the Congo or to Africa."
10-19-2011 , 06:36 PM
Quote:
Originally Posted by suzzer99
I'm not an animal rights type of guy, but I do feel like assault rifling the crap out of these animals is pretty lame.

I'm not sure if this is actually NSFW or not, but I need to be careful these days

~NSFW~

Spoiler:
10-19-2011 , 06:42 PM
Quote:
Originally Posted by ASPoker8
NSFW
Spoiler:
wtf? Does Ohio not have tranquilizer guns? Why the hell would you just kill them all?
10-19-2011 , 06:44 PM
What is sheep?
10-19-2011 , 06:49 PM
Quote:
Originally Posted by will1530
wtf? Does Ohio not have tranquilizer guns? Why the hell would you just kill them all?
Some combination of:
-People don't feel like waiting for tranq's and zoo assistance
-The same reason most of this country believes that "terrorists hate us for our freedom" (they are motivated by <irrational> fear)
10-19-2011 , 06:49 PM
Quote:
Originally Posted by suzzer99

Are those quotes real?
10-19-2011 , 06:51 PM
Yeah even the Bachmann one.
10-19-2011 , 06:51 PM
Cenk Uygur of The Young Turks setting up his own PAC: http://www.wolf-pac.com/

Quote:
So what can we do to regain our ability to make our votes count and take back our democracy? We have to concentrate all of our resources into one single attack – making sure we take corporate money out of politics. The only way to do that is to bypass the corporate owned Congress and the Supreme Court – and pass a Constitutional amendment. We must pass an amendment saying that corporations are not people and they do not have the right to spend money to buy our politicians.

The objective of Wolf PAC will be to raise money and raise an army for the sole purpose of passing this amendment. We need a Constitutional revolution to get unlimited corporate money out of politics. Please join us and help retake our democracy.
I'm not entirely sure if trying to get money out of politics by putting money into politics is a great idea. But whatever, I like the name.
10-19-2011 , 06:54 PM
Quote:
Originally Posted by suzzer99
Yeah even the Bachmann one.
wtf, no way. That looks like something out of the left-wing version of a chain e-mail. I assumed it had to be a joke.
10-19-2011 , 06:58 PM
Quote:
Originally Posted by will1530
wtf? Does Ohio not have tranquilizer guns? Why the hell would you just kill them all?
They were afraid a person might get hurt. And the death of dozens of exotic animals > injuries to a few Midwesterners, I guess. I can see some logistical problems in trying to sedate and capture these beasts while there's a ****ton of others running around at the same time.

That being said, I like wild animals more than I do people, so I would have been cool if they sedated them, even at the cost of a few yokels getting mauled nipped, but I think I'm in the minority.



And the real reason I came here was to post this:

10-19-2011 , 06:59 PM
Quote:
Originally Posted by Money2Burn
What is sheep?
http://forumserver.twoplustwo.com/41...reveal-754947/
10-19-2011 , 07:02 PM
Quote:
Originally Posted by goofyballer
wtf, no way. That looks like something out of the left-wing version of a chain e-mail. I assumed it had to be a joke.

This. No way they said that imo.

      
m