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Obama Simple Economics Question...Please Help!!!!!!!!!!!

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Posted: #1
I am not going to hide the fact I have a conservative background but with that aside please tell me how this country will be sooooo
much better off when SMALL BUSINESSES ARE TAXED AT A 60% TAX RATE AND CAPITAL GAINS TAX IS INCREASED!?
 
Maybe i am ignorant but I am not understanding it?? Small businesses will get squeezed and if they can remain in business
they will lower expenses and/or raise prices passing it on to the end consumer. Directly people will be out of work from a combination of getting laid off by the small businesses not being able to afford them anymore and/or the that business will have to shut down entirely because they cannot afford to operate!
Then you have the business and all it employees unemployed!
How is this better and/or any kind of a rescue plan??
On the other side of things increasing capital gains will push the market in the toilet and big companies will have to cut employees, etc.. I know i am saying this a bit rough but same end effect.
In the end you have a major squeeze and guess what??
Very little capitalism and much more SOCIALISM!
Transfers of payment, social programs, unemployment will skyrocket!
Look: I AM ALL FOR PAYING TAXES! ACTUALLY I DO NOT WANT TO PAY LESS TAXES. JUST DO NOT INCREASE TAXES AND SQUEEZE THIS SOCIETY!!! IT WILL OBLITERATE THIS SOCIETY!!! WE ARE NOT CHINA OR CUBA HERE FOLKS!
WAKE THE FUCK UP IF YOU THINK WE ARE AND INCREASING TAXES LIKE THIS WILL MAKE US BETTER OFF SOMEHOW! ARE YOU READY FOR $7 A GALLON GAS AND CRAZY INFLATION AND SUPERMARKET PRICES 50% HIGHER???? I KNOW I AM NOT!

 
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Posted: #2
WE ARE NOT CHINA OR CUBA HERE FOLKS!
 
China is the Fascist Republicans WET DREAM.
 
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Posted: #3
Quote Originally Posted by LeRinkRat:

WE ARE NOT CHINA OR CUBA HERE FOLKS!
 
China is the Fascist Republicans WET DREAM.

AND YOUR RESPONSE/POINT TO MY POSTING IS???

 
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Posted: #4
it was a response to your "we are not china or cuba" statement.
 
what the Republicans want for America is a few rich people controlling everything and everyone else living hand to mouth. they spout about "socialism" yet give billions to failed Wall Street weasels without ANY control or any real ownership. it's the old "heads I win, tails you lose" bullshit that has gone on in this country going back to "The Great Ronnie" and "trickle down"
 
"Reaganomics" has concentrated the wealth with the top 2% just like back in the 1920's and NOW we are seeing a rerun of what happened back then.
 
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Posted: #5
Quote Originally Posted by LeRinkRat:

it was a response to your "we are not china or cuba" statement.
 
what the Republicans want for America is a few rich people controlling everything and everyone else living hand to mouth. they spout about "socialism" yet give billions to failed Wall Street weasels without ANY control or any real ownership. it's the old "heads I win, tails you lose" bullshit that has gone on in this country going back to "The Great Ronnie" and "trickle down"
 
"Reaganomics" has concentrated the wealth with the top 2% just like back in the 1920's and NOW we are seeing a rerun of what happened back then.

WHAT IS BEING TALKED ABOUT NOW IS JUST TO NOT INCREASE TAX ON SMALL BUSINESS AND NOT TO DOUBLE TAX CAPITAL GAINS! PAY ATTENTION TO WHAT I BROUGHT UP SPECIFICALLY!
I'M NOT TALKING ABOUT ANYTHING ELSE!
AS LONG AS YOU ARE WORKING (EVEN IN LOWER MIDDLE CLASS) YOU WILL BE HIT ON THE SQUEEZE HERE PERIOD!
MAJOR SQUEEZE! INFLATION! HIGH PRICES EVERYWHERE!!!! VERY SIMPLE ECONOMICS!!! WE ARE SCREWED!!!!!!!

 

 
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Posted: #6
diver - there wont be inflation, as much as people think b/c you still need consumer demand to be able to raise prices

things that will happen in the next year or so:
-higher unemployment
-stagnant wages
-deflation on large goods (housing, cars, etc)
-higher prices on day to day energy/food

stagflation/inflation/deflation + devalued currency

fun fun fun...we're fucked either way and if barry raises taxes we're really fucked
 
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Posted: #7
Quote Originally Posted by KOAJ:

diver - there wont be inflation, as much as people think b/c you still need consumer demand to be able to raise prices

things that will happen in the next year or so:
-higher unemployment
-stagnant wages
-deflation on large goods (housing, cars, etc)
-higher prices on day to day energy/food

stagflation/inflation/deflation + devalued currency

fun fun fun...we're fucked either way and if barry raises taxes we're really fucked

KOAJ:

In accept that. The problem is people want something different and look at every republican and saw they are for the rich and dems for the poor!!! That is not true now!!!
Party lines will be crossed in the rescuing of this economy!
BUT WE CANNOT INCREASE TAXES ON SMALL BUSINESSES AS WELL AS DOUBLE TAX CAPITAL GAINS!!! 
SCREW THE REPUBLICAN/DEMOCRAT BS!
WE ARE GOING IN THE TOILET IF THE ABOVE IS DONE!!!
I DO NOT UNDERSTAND HOW PEOPLE CAN BE SO DAMN IGNORANT INTO THINKING THIS WILL NOT SCREW OUR ECONOMY!?!?!?!?!?!?!??!?

 
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Posted: #8
learn some facts
 
and since i asked koaj to post a link to this nonsense i will ask
 
you to now as well
 
please show me where small business taxes and capital gains
 
 are going to be 60%
 
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Posted: #9
if you know anything at all about corporatr taxation it is at a higher level than personal income tax. It has been esitmated by the time all the higher proposed taxes are taken out of a small business it will come to a 60% take! I will look for link though. That is fair.
Capital Gain doubling is all over the net. Do a simple search about obamas plan here!!!
 
This is an eresting link by the way! you'll see Obama b.s.-ing
and speaking from both sides of his ass (I mean mouth)!!!
 
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Posted: #10
HERE IT IS:
 
 
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Posted: #11

So what if taxes go up everyone will have free health insurance!!!  Now the bums that collect well fare, foods stamps, public housing can also get health care.  This is great, now I can quit my job stay home smoke a blunt and have a better life then the working sucker.

 
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Posted: #12
Now the bums that collect well fare, foods stamps, public housing can also get health care.
 
they already are. it's called MEDICAID.
 
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Posted: #13
0 incentive to work + huge national debt + huge losses (investments) +0 consumer confidence+ higher taxes =  just what we need to fix the economy. 
 
 
 
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Posted: #14
rick - thats called change

5% drop, 5% drop...first two days of Barry O

no more crap from the libs...no more blame game
 
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Posted: #15
Diver or Koaj help me out. 
 
I know the BO tax plan has been dissected and there is a lot of talk about estimating how much it will cost us and how much we will lose. 
 
But what I failed to hear or read before the election was how McCain's tax strategy was different from W's.  Was he going to use the same model as W's?  If so, I'm sorry but I think I will take my chances with a new plan. 
 
I know this, 4 more years like the last 8 would just about wipe 5-6 states right off the map.
 
I am not trying to start anything here, just looking to see how McCain's plan was so much better.
 
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Posted: #16
diver i owned my first company probably longer than you have
 
been on this planet- i have seen many ups and many downs
 
throughout the economic cycle and i have seen a few presidents
 
come and go in that time frame
 
now let me tell you something that is a fact- no company
 
comes to paying the rates unless you have a complete
 
and utter useless accountant
 
i know you like to hear the rhetoric from the right about how
 
this and that will have this cause and affect but i will say the
 
exact same thing to you that i did koaj many times my tax
 
rate does not determine my growth patterns- revenue and profits
 
determine my growth patterns because unless you generate
 
revenue which leads to profit then taxes are the least of your
 
concern- avoiding bankruptcy is your major concern
 
 
as for the near future if the plans that obama has talked about
 
does pass i will be able to expand a few of my divisions by
 
offshooting them into another company which would allow me
 
to use the breaks that he has offered up in regards to capital gains
 
and tax credits and actually be able to higher more people
 
 
 
the one thing that i am looking forward to in the next 12/24 months
 
is people actually starting to understand that the growth of this
 
country is not with large corporations but small and midsize
 
business and the plans that have been brought forth by obama
 
will actually be a boom to this part of the sector
 
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Posted: #17
Quote Originally Posted by KOAJ:

rick - thats called change

5% drop, 5% drop...first two days of Barry O

no more crap from the libs...no more blame game

 

damn koaj i must of been asleep when exactly did obama

get sworn into office? i must of slept through that the same way

i slept through all of those wmds being found in iraq

 

market losing wouldnt have anything to do with well i dont know

the economy melting down would it?

 

 

you really are becoming sadder and sadder by the day

 
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Posted: #18
mta - get me a 5 day chart on any coal company and tell me Chairman Mao-bama has no effect on the mkt


 
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Posted: #19
mta are you saying that the past two days have nothing to do with Obama?
 
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Posted: #20
Quote Originally Posted by wiseguy620:

Diver or Koaj help me out. 
 
I know the BO tax plan has been dissected and there is a lot of talk about estimating how much it will cost us and how much we will lose. 
 
But what I failed to hear or read before the election was how McCain's tax strategy was different from W's.  Was he going to use the same model as W's?  If so, I'm sorry but I think I will take my chances with a new plan. 
 
I know this, 4 more years like the last 8 would just about wipe 5-6 states right off the map.
 
I am not trying to start anything here, just looking to see how McCain's plan was so much better.


mccain didnt propose raising taxes
 
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Posted: #21
Quote Originally Posted by rick3117:

mta are you saying that the past two days have nothing to do with Obama?


i have the room with the padded walls available rick...no worries
 
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Posted: #22
koaj I am new at investing, and following markets,  last 8 months,  kind of off subject but do you have any books you can reccomend?
 
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Posted: #23
Guys:
 
We can argue back and forth and forth and back over and over
to the end of eternity. I am at work and do not have time anymore.
Point is Obama proposed higher taxes on companies and capital gains period!!! Even if you get an Einstein as your accountant you will be paying out a higher number when the tax rate is higher PERIOD!
Look, let's just wait and hold our breath here!!!
I do not think he will be able to raise the Capital Gains
actually as things will plunge quicker the Titanic and f-up before they even start!
 
 
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Posted: #24
Quote Originally Posted by rick3117:

koaj I am new at investing, and following markets,  last 8 months,  kind of off subject but do you have any books you can reccomend?


books to learn how to invest/trade? no...i would say find a good financial advisor and dollar cost average for the next 20-30 years

in order:
Reminisces of a Stock Operator - Edwin Lefevre
When Genius Failed - Roger Lowenstein

thats it...and ive read a lot of them
 
 
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Posted: #25
Quote Originally Posted by rick3117:

mta are you saying that the past two days have nothing to do with Obama?

yes that is what i am saying any sane person would say the

same thing

we are in the worse times since the great depression and now

koaj wants to sit here and say the past two days is because of

obama being elected- great koaj why not tell us that the drop of

6000+ points we have seen is obamas fault as well

 

honestly does common sense just go out the window with you

now? maybe why you continue to let mets post under a new

alias as well

 

https://biz.yahoo.com/ap/081106/wall_street.html

 

Adding to investors' list of worries, the Labor Department said the number of people continuing to draw unemployment benefits jumped to a 25-year high, increasing by 122,000 to 3.84 million in late October. It marked the highest level since late February 1983, when the economy was being buffeted by a protracted recession.

While new claims for unemployment benefits dipped by 4,000 to a seasonally adjusted level of 481,000 last week, the levels remain elevated. The findings added to the market's unease ahead of Friday's October employment report, a widely watched barometer of the economy's health.

"I think everybody kind of simultaneously -- the consumers and businesses -- is tightening belts so that's triggering a reasonably precipitous slowdown that's widespread," said Ed Hyland, global investment specialist at J.P. Morgan's Private Bank. "This is something that we haven't really seen, this level of this rapid and significant pullback both in the market and the economy."

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