The Presidency of Donald J. Trump: No smocking guns. - Page 4593 - Politics and Economics

WOW BOLD TAKE LA TIMES

The Los Angeles Times is not participating in today's nationwide editorial page protest against Trump's attacks on the press. Here's why - Los Angeles Times

http://www.latimes.com/opinion/la-ol...htmlstory.html

08-16-2018 , 07:08 PM

#114803

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

Quote:

Originally Posted by Clovis8

CDL,

You are forgetting about the single most important American invention with respect to buisness; bankruptcy.

It’s the safety net largely responsible for modulating risk for business.

I do think bankruptcy laws are ****ed up and need to be changed on both the corporate and personal level.

08-16-2018 , 07:08 PM

#114804

jmakin

banned

Join Date: Jan 2008 Posts: 30,120

Bunch of weak sacked little hacks

08-16-2018 , 07:09 PM

#114805

chezlaw

Limey Bastard

Join Date: Jan 2004 Posts: 46,912

Quote:

Originally Posted by CalledDownLight

Why is eliminating the right tail a better solution than just providing UBI to everyone and still allowing someone like Bezos to accumulate a 150b net worth?

I suspect there's going to be a problem with giving everyone a minimally decent amount of the pie while also allowing a handful of people to own nearly all the pie.

08-16-2018 , 07:12 PM

#114806

microbet

Solar Powered

Join Date: Jan 2005 Posts: 56,716

Meh. Dunno if something changed recently at the LA Times, but their editorial page has gone after Trump harder than the NYT or WaPo from what I've seen. They did a week dedicated to his lies and straight out called them lies.

08-16-2018 , 07:12 PM

#114807

FlyWf

It's the other way

Join Date: Apr 2004 Posts: 58,097

Quote:

Originally Posted by CalledDownLight

Once again where did I disagree with progressive taxation? I have said that income taxes should be progressive and should be higher than they are now on the wealthy tons of times on this forum.

Quote:

Why is it only acceptable to forcefully strip Bezos of his shares and tax him that way instead of waiting til he sells them and then taxing him?

Both are acceptable. Again, the preferred outcome is still "behead him in the town square", but get the money however. Just get the money.

What the **** debate are you having here?

08-16-2018 , 07:12 PM

#114808

All-In Flynn

Carpal \'Tunnel

Join Date: Mar 2007 Posts: 10,923

Quote:

Originally Posted by CalledDownLight

So there are a bunch of minimum wage workers out there who have been performing well for decades and never once got a raise or promotion?

Yes, discounting increases to the minimum wage. I can't even begin to describe what kind of clownshoes Pangloss you are, that you not only don't know this but construct elaborate fantasies to the contrary. No-one gives a **** about your summer job at Sharper Image, you have evidently never lived in anything approaching the real world. Jesus Christ.

08-16-2018 , 07:14 PM

#114809

goofyballer

Carpal \'Tunnel

Join Date: Jun 2005 Posts: 70,719

Quote:

Originally Posted by jmakin

Quote:

Originally Posted by jmakin

Bunch of weak sacked little hacks

Meh:

Quote:

Even when we do agree with another editorial page — on the death penalty or climate change or war in Afghanistan, say — we reach our own decisions and positions after careful consultation and deliberation among ourselves, and then we write our own editorials. We would not want to leave the impression that we take our lead from others, or that we engage in groupthink.

The president himself already treats the media as a cabal — “enemies of the people,” he has called us, suggesting over and over that we’re in cahoots to do damage to the country. The idea of joining together to protest him seems almost to encourage that kind of conspiracy thinking by the president and his loyalists. Why give them ammunition to scream about “collusion”?

We mean no disrespect to those who have decided to write on this important subject today. But we will continue to write about the issue on our own schedule.

Sure, okay, whatever, don't think this matters much either way.

08-16-2018 , 07:16 PM

#114810

goofyballer

Carpal \'Tunnel

Join Date: Jun 2005 Posts: 70,719

Quote:

Originally Posted by All-In Flynn

Asked to provide an example of Trump being a "real guy", Corey Lewandowski cites story of Trump getting pulled over by cops while driving his Rolls-Royce

08-16-2018 , 07:17 PM

#114811

Pwn_Master

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 8,766

CDL, are you just not aware of the limited liability concept Wookie mentioned? Are you ignoring it because it destroys your already weak ass argument or are you just spectacularly uninformed about a topic you constantly run your mouth about?

You, Musk and your fellow sociopaths are allowed to destroy millions or even billions of dollars in wealth through your ventures and nobody can touch you. What kind of unfathomably greedy sociopath whines about “only” having that much left tail protection?

08-16-2018 , 07:20 PM

#114812

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

Quote:

Originally Posted by chezlaw

I suspect there's going to be a problem with giving everyone a minimally decent amount of the pie while also allowing a handful of people to own nearly all the pie.

Raising taxes on income will decrease the amount of wealth concentrated in the wealthy (fine with me) but will also not change anything about the amount of wealth that can be accrued from a non-realized ownership stake in a company (also good imo). I believe the part about that wealth not yet being realized is of extreme importance. I want it taxed, and without the loopholes we have now, after realization. I also want it taxed at a slightly higher rate (I think 45-50% is fine). I don’t want it taxed until it is realized though.

08-16-2018 , 07:20 PM

#114813

StoppedRainingMen

Player Hater of the Year

Join Date: May 2012 Posts: 53,706

Not that it matters but I kinda agree with the LA Times. The optics are super easy to spin in a way Rump et al have already done (SEE?! FAKE NEWS MEDIA COLLUDING AGAINST ME!!) and moreover what is even the point of this? Maybe I’m being naive and there are actually undecideds on whether the media is the ‘enemy of the people’ who can be swayed but if that’s not the case do you think Jethro from Topeka chanting **** CNN is going to read (lol) this and suddenly be swayed?

08-16-2018 , 07:21 PM

#114814

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

Quote:

Originally Posted by FlyWf

Yes but then you get really mad at people trying to smooth outcomes and demand that the right tail be left alone for the superrich because they work harder than poor people. You understand how we see through these lies, right? You don't work very hard on them. Probably because you're lazy. Accomplished and convincing liars spend hours a week honing their craft, workshopping lies of extreme believability.

Both are acceptable. Again, the preferred outcome is still "behead him in the town square", but get the money however. Just get the money.

What the **** debate are you having here?

I’m taking the side of not wanting to literally kill rich people because they’re rich. I happen to think that’s both reasonable and moral.

08-16-2018 , 07:24 PM

#114815

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

Quote:

Originally Posted by All-In Flynn

So you work as a day laborer for 20 years and never even get a .50 raise or what? You can’t say McDonald’s because it’s not true there and you can’t say Walmart bc even they pay above minimum wage. Even the warehouse workers at amazon make above minimum wage afaik. These are all ****ty outcomes still but they’re not a state of perpetual minimum wage.

08-16-2018 , 07:26 PM

#114816

StoppedRainingMen

Player Hater of the Year

Join Date: May 2012 Posts: 53,706

Quote:

Originally Posted by CalledDownLight

I’m taking the side of not wanting to literally kill rich people because they’re rich. I happen to think that’s both reasonable and moral.

Don’t worry bud. You’re not now nor will you ever be rich enough to die

08-16-2018 , 07:26 PM

#114817

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

Quote:

Originally Posted by Pwn_Master

I literally said that bankruptcy laws are flawed. Limited liability just takes personal financial liability and caps it at whatever is invested directly in the business. I would like the see that law changed so that any compensation or gains from divestiture could be clawed back outside of that structure though. Would that not suffice?

08-16-2018 , 07:29 PM

#114818

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

I’ve still yet to hear a case for why extreme wealth is unacceptable. The case is only that poverty is unacceptable (I 100% agree) with the only proposed solution to be getting rid of the wealthy either by murder and asset forfeiture or just the latter. I happen to think asset forfeiture is a terrible precedent to have.

If everyone has enough why does it matter if the excess is split between 1 person/1,000 people, or 1mm people? Do you guys really want perfect wealth equality regardless of other factors?

08-16-2018 , 07:31 PM

#114819

realDonaldTrump

WITCH HUNT!

Join Date: Jun 2018 Posts: 2,921

( twitter | raw text )

08-16-2018 , 07:31 PM

#114820

All-In Flynn

Carpal \'Tunnel

Join Date: Mar 2007 Posts: 10,923

Quote:

Originally Posted by CalledDownLight

So you work as a day laborer for 20 years and never even get a .50 raise or what? You can’t say McDonald’s because it’s not true there and you can’t say Walmart bc even they pay above minimum wage. Even the warehouse workers at amazon make above minimum wage afaik. These are all ****ty outcomes still but they’re not a state of perpetual minimum wage.

Man, Sharper Image turned you down, huh? Anyway, the issue isn't whether they're minimum wage, it's whether they're hitting the top outcome for their trajectory. Most of them are. Reflect on that. Consider the nature of the system in which that's true.

08-16-2018 , 07:32 PM

#114821

goofyballer

Carpal \'Tunnel

Join Date: Jun 2005 Posts: 70,719

"great patriot hostage"

rofl what

08-16-2018 , 07:33 PM

#114822

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

Quote:

Originally Posted by All-In Flynn

That’s not true. The top outcome for a McDonald’s burger flipper is a franchisee as evidenced by that happening to some of them.

08-16-2018 , 07:36 PM

#114823

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

And I’ll say it again. We can bring the wealth floor up, the wealth median up, and the wealth mean up without bringing the ceiling down on wealth with regard to corporate ownership stakes.