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Topic: Presidential Poll
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September 08, 2008 at
07:08:02 PM
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Reply to:
Posted By: nodust on September 08 2008 at 06:18:14 PM
Ask Terry McCarl about the elected officials gone wrong.
Ask the smokers in Iowa about the NO smoking even outdoors at any resturant.
Knoxville raceway gets by with a smoking area because of beer sales, IF they didn't sell beer you couldn't smnoke anyplace after you go in the gates.
I guess politics is un-important.
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I guess next time I see Terry I'll ask him, because I have know idea what he has to do with elected officials gone wrong. (maybe someone will give me a hint.)
I think smoking should be banned in public places indoors or out, as it effects everyone with a radius of a smoker not just the smoker. Now if they were to ban beer and alcohol sales I might have a problem, but they wont because it is a personal indulgence, it effects no one but the drinker. (unless they are a Swindell/Walker/Lasoski hater, then they just become a public embarrassment.)
Ever been to Perris Auto Speedway? It's awesome, you don't have the person sitting next to you smoking because it is not allowed. They have to go way back behind the restrooms to smoke, its hilarious.
So I guess you are right, politics are an important part of my racing enjoyment.
Sean, Tucson
!!SUPPORT YOUR LOCAL TRACKS!!
!!Get Well Shane!!
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September 08, 2008 at
07:21:56 PM
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This message was edited on
September 09, 2008 at
09:49:12 AM by cubicdollars
Reply to:
Posted By: Faster Pussycat on September 08 2008 at 06:49:39 PM
No man thinks more highly than I do of the patriotism, as well as abilities, of the very worthy gentlemen who have just addressed the House. But different men often see the same subject in different lights; and, therefore, I hope it will not be thought disrespectful to those gentlemen if, entertaining as I do opinions of a character very opposite to theirs, I shall speak forth my sentiments freely and without reserve. This is no time for ceremony. The questing before the House is one of awful moment to this country. For my own part, I consider it as nothing less than a question of freedom or slavery; and in proportion to the magnitude of the subject ought to be the freedom of the debate. It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings.
Mr. President, it is natural to man to indulge in the illusions of hope. We are apt to shut our eyes against a painful truth, and listen to the song of that siren till she transforms us into beasts. Is this the part of wise men, engaged in a great and arduous struggle for liberty? Are we disposed to be of the number of those who, having eyes, see not, and, having ears, hear not, the things which so nearly concern their temporal salvation? For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst, and to provide for it.
I have but one lamp by which my feet are guided, and that is the lamp of experience. I know of no way of judging of the future but by the past. And judging by the past, I wish to know what there has been in the conduct of the British ministry for the last ten years to justify those hopes with which gentlemen have been pleased to solace themselves and the House. Is it that insidious smile with which our petition has been lately received? Trust it not, sir; it will prove a snare to your feet. Suffer not yourselves to be betrayed with a kiss. Ask yourselves how this gracious reception of our petition comports with those warlike preparations which cover our waters and darken our land. Are fleets and armies necessary to a work of love and reconciliation? Have we shown ourselves so unwilling to be reconciled that force must be called in to win back our love? Let us not deceive ourselves, sir. These are the implements of war and subjugation; the last arguments to which kings resort. I ask gentlemen, sir, what means this martial array, if its purpose be not to force us to submission? Can gentlemen assign any other possible motive for it? Has Great Britain any enemy, in this quarter of the world, to call for all this accumulation of navies and armies? No, sir, she has none. They are meant for us: they can be meant for no other. They are sent over to bind and rivet upon us those chains which the British ministry have been so long forging. And what have we to oppose to them? Shall we try argument? Sir, we have been trying that for the last ten years. Have we anything new to offer upon the subject? Nothing. We have held the subject up in every light of which it is capable; but it has been all in vain. Shall we resort to entreaty and humble supplication? What terms shall we find which have not been already exhausted? Let us not, I beseech you, sir, deceive ourselves. Sir, we have done everything that could be done to avert the storm which is now coming on. We have petitioned; we have remonstrated; we have supplicated; we have prostrated ourselves before the throne, and have implored its interposition to arrest the tyrannical hands of the ministry and Parliament. Our petitions have been slighted; our remonstrances have produced additional violence and insult; our supplications have been disregarded; and we have been spurned, with contempt, from the foot of the throne! In vain, after these things, may we indulge the fond hope of peace and reconciliation. There is no longer any room for hope. If we wish to be free-- if we mean to preserve inviolate those inestimable privileges for which we have been so long contending--if we mean not basely to abandon the noble struggle in which we have been so long engaged, and which we have pledged ourselves never to abandon until the glorious object of our contest shall be obtained--we must fight! I repeat it, sir, we must fight! An appeal to arms and to the God of hosts is all that is left us!
They tell us, sir, that we are weak; unable to cope with so formidable an adversary. But when shall we be stronger? Will it be the next week, or the next year? Will it be when we are totally disarmed, and when a British guard shall be stationed in every house? Shall we gather strength by irresolution and inaction? Shall we acquire the means of effectual resistance by lying supinely on our backs and hugging the delusive phantom of hope, until our enemies shall have bound us hand and foot? Sir, we are not weak if we make a proper use of those means which the God of nature hath placed in our power. The millions of people, armed in the holy cause of liberty, and in such a country as that which we possess, are invincible by any force which our enemy can send against us. Besides, sir, we shall not fight our battles alone. There is a just God who presides over the destinies of nations, and who will raise up friends to fight our battles for us. The battle, sir, is not to the strong alone; it is to the vigilant, the active, the brave. Besides, sir, we have no election. If we were base enough to desire it, it is now too late to retire from the contest. There is no retreat but in submission and slavery! Our chains are forged! Their clanking may be heard on the plains of Boston! The war is inevitable--and let it come! I repeat it, sir, let it come.
It is in vain, sir, to extenuate the matter. Gentlemen may cry, Peace, Peace-- but there is no peace. The war is actually begun! The next gale that sweeps from the north will bring to our ears the clash of resounding arms! Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me,
give me liberty or give me death!
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Lol...exactly! So why should the middle class pay twice the tax rate of the richest 1% in America?! It might be downright unconstitutional, but that hasn't stopped the GOP much over the last eight years...lol. Something tells me you're going to witness another Boston Tea Party on Nov 4th. Here's to hoping the middle class strings them up by their balls. The jackasses that only have to pay 15% on their millions are the same ones benefitting from the mortgage crisis, oil speculation, exorbitant healthcare costs, defense contracts, etc... At the rest of our expense. This mortgage bailout is just the latest knife in the back of the middle class. After people made millions upon millions selling subprime loans, once again taxpayers are left holding the bag. It's criminal.
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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September 08, 2008 at
08:44:41 PM
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WOW, if McCain is only up 57 to 43 on a Sprint Car forum, he may be in trouble.
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September 08, 2008 at
08:56:34 PM
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Reply to:
Posted By: nowingsallballs on September 08 2008 at 07:08:02 PM
I guess next time I see Terry I'll ask him, because I have know idea what he has to do with elected officials gone wrong. (maybe someone will give me a hint.)
I think smoking should be banned in public places indoors or out, as it effects everyone with a radius of a smoker not just the smoker. Now if they were to ban beer and alcohol sales I might have a problem, but they wont because it is a personal indulgence, it effects no one but the drinker. (unless they are a Swindell/Walker/Lasoski hater, then they just become a public embarrassment.)
Ever been to Perris Auto Speedway? It's awesome, you don't have the person sitting next to you smoking because it is not allowed. They have to go way back behind the restrooms to smoke, its hilarious.
So I guess you are right, politics are an important part of my racing enjoyment.
Sean, Tucson
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the noise limit for T-Mac
I don't smoke either so it is a non issue other that something being taken away.
The Governor of Iowa is rumored to be thinking of banning liquor and beer sales at all public sporting events also.
Save your butt, get a colon screening TODAY
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September 08, 2008 at
09:34:45 PM
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Reply to:
Posted By: mbmotorspt on September 08 2008 at 11:02:08 AM
This was emailed to me a while back....
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:
- The first four men (the poorest) would pay nothing.
- The fifth would pay $1.
- The sixth would pay $3.
- The seventh would pay $7.
- The eighth would pay $12.
- The ninth would pay $18.
- The tenth man (the richest) would pay $59.
So, that’s what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily beer by $20.”Drinks for the ten now cost just $80.
The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his ‘fair share?’ They realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man’s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.
And so:
- The fifth man, like the first four, now paid nothing (100% savings).
- The sixth now paid $2 instead of $3 (33%savings).
- The seventh now pay $5 instead of $7 (28%savings).
- The eighth now paid $9 instead of $12 (25% savings).
- The ninth now paid $14 instead of $18 (22% savings).
- The tenth now paid $49 instead of $59 (16% savings).
Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.
“I only got a dollar out of the $20,”declared the sixth man. He pointed to the tenth man,” but he got $10!” “Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar, too. It’s unfair that he got TEN times more than I!”
“That’s true!!” shouted the seventh man. “Why should he get $10 back When I got only two? The wealthy get all the breaks!”
“Wait a minute,” yelled the first four men in unison. “We didn’t get anything at all. The system exploits the poor!” The nine men surrounded the tenth and beat him up.
The next night the tenth man didn’t show up for drinks, so the nine Sat down and had beers without him. But when it came time to pay the Bill, they discovered something important. They didn’t have enough money between All of them for even half of the bill!
And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.
David R. Kamerschen, Ph.D. Professor of Economics University of Georgia
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If it's so terrible being rich and paying more taxes then I'd gladly trade incomes with anyone in the higher tax brackets and gladly pay the higher taxes as well. BTW the democrats have been trying for years now to lower corporate taxes for companies keeping jobs here in the US and raising them(closing the loopholes created by the Bush administartion) on companies that are shipping jobs overseas.
A
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September 08, 2008 at
09:35:01 PM
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Thanks for the hint on Terry. I'm not sure "elected officials" were at fault there. I think it's a noise ordnance that allows that track or any track in CA to run races as they have built houses and such so close to the tracks. It's a compromise so we can race without driving miles out of town.
In Tucson, we have a light pollution ordnance that says we have to have our tracks lights off by 10:00 or so, or they pay a big fine. Sounds like malarkey only a promoter would pull, but it is true, we have an observatory close by that is effected by light pollution.
I get your point, but, they don't threaten the existence of our sport. We will cooperate with city and local government to continue racing, (as long as there is racing fuel to do so.)
I don't get worked up over rumors, besides Coors, Bud, Miller and such won't let that Iowa Gov. get to far with this prohibition at sporting events.
Sean
!!SUPPORT YOUR LOCAL TRACKS!!
!!Get Well Shane!!
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September 08, 2008 at
09:39:31 PM
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Reply to:
Posted By: Midwest Race Fan on September 08 2008 at 01:49:07 PM
This reminds me of a few years back, when the Dems staged a protest of a tax cut bill by placing a Lexus and a muffler together. They said that the rich were going to save the equivlent of the Lexus, and the middle class would only save the equivlent of the muffler. This was obviously staged to create annimosity and jealousy towards the "rich" to generate negative feelings towards the tax cuts. Lost in all of that is that a) people are willing to spend MORE in taxes to ensure that those more financially fortunate then them also pay more and b) that it is insane that ANYBODY has to pay so much in taxes, that a tax cut capable of being passed by Congress would save the equivlent of a Lexus.
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Yeah and what's even more insane is that the U.S. has accrued 9.5 TRILLION dollars in debt, thanks mostly to the Bush 41 and 43 and the Reagan administrations. Who's supposed to pay that? Kinda makes a Lexus look like small potatoes.
A
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September 08, 2008 at
10:38:35 PM
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Reply to:
Posted By: HoldenCaulfield on September 08 2008 at 09:39:31 PM
Yeah and what's even more insane is that the U.S. has accrued 9.5 TRILLION dollars in debt, thanks mostly to the Bush 41 and 43 and the Reagan administrations. Who's supposed to pay that? Kinda makes a Lexus look like small potatoes.
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Who's gonna pay it? My generation, the next generation...........the next generation.............the next generation after that. But remember, they only have our future in mind. My question is, who's future? Who has benefited from any of the current policies? This nation was bought, paid for in blood, sweat, and tears and built by people that left the tyranny and oppresion in the lands that we came from before. There is no new world for us to escape to the next time.
Every great civilization in the history of the world was destroyed from the inside out, mainly fueled by the greed of their hierarchy and terrible abuses of power and iresponsibility by its leaders. How long before we're serfs in service to our overlords just like most of our forefathers were in europe hundreds of years ago? Go ahead, over tax the people that make this country run. Go ahead, bow to your new masters.
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September 08, 2008 at
10:52:11 PM
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Reply to:
Posted By: PowerSlave on September 08 2008 at 10:38:35 PM
Who's gonna pay it? My generation, the next generation...........the next generation.............the next generation after that. But remember, they only have our future in mind. My question is, who's future? Who has benefited from any of the current policies? This nation was bought, paid for in blood, sweat, and tears and built by people that left the tyranny and oppresion in the lands that we came from before. There is no new world for us to escape to the next time.
Every great civilization in the history of the world was destroyed from the inside out, mainly fueled by the greed of their hierarchy and terrible abuses of power and iresponsibility by its leaders. How long before we're serfs in service to our overlords just like most of our forefathers were in europe hundreds of years ago? Go ahead, over tax the people that make this country run. Go ahead, bow to your new masters.
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Agreed, It's totally irresponsible beyond comprehension that our government can run up debt like this year after year. Unfortunately there is no solution for digging us out of this hole that doesn't include both raising taxes for somebody and also reducing gov't spending. Neither of the major party candidates has the integrity to tell this simple truth. We need to get out of the mindset that it is the US responsibility to police the entire world. It's costing us trillions of dollars and we can't maintain it. No other country is stupid enough to waste money like that. Our foreign policy of sticking our nose in everywhere is just creating more enemies world wide anyhow, creating a snowball effect.
A
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September 09, 2008 at
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How much would could a wouldchuck chuck if a
wouldchuck could chuck would
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September 09, 2008 at
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What a post from OKCFan without making fun of a baby born with a disability??? Your letting us down.
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September 09, 2008 at
01:44:10 PM
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What a post from OKCFan without making fun of a baby born with a disability??? Your letting us down.
Speaking of letting us down...7 days and still no effort to make good on this. On second thought, I guess you would have to have expectations of someone in order to be let down.
Posted By: OKCFan12 on September 02 2008 at 03:00:27 AM
i'll give you a 20 dollar bill if you can find the pic taken about 2 seconds after that..........ironically - in this infamous pic that complete idiots still think speaks for the duration of the salute to our flag - no pic is much published showing them 2 SECONDS later ------ with all 4 of em hands over their heart. if this is really why some select folks (i call em dumbasses) are not voting for obama ------ then i'll be happy to know you'll be voting for him come november - once you actually get on some site other than Fox or a right wing site --------- to see the truth. even in this pic - why is everyone looking different directions? because the funkin salute had not started yet! geez..............never underestimate the audacity of stupidity..........
Posted By: raceway video on September 02, 2008 at 09:20:40 AM
I seem to remember showing this to you a few months ago when you put up the same argument. Selective memory? Please donate the $20 to the RNC
Jeff Kristensen
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September 09, 2008 at
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I suppose nobody took a look at the markets in the immediate aftermath of 911...the terrorists tried to destroy our economy, this was their goal. It didn't work. Everybody here in the states thought there would be more attacks. There weren't. We may be having an economic downturn, but it could have been a hell of a lot worse. It's a widely held belief in politics and with economists that the economic policy by the federal government really doesn't really reveal itself for several years after it's instituted. Reagan's economic policy (brought forth at a time of economic stagnation) had it's effect on the Clinton administration (when everybody thought times were good). This has happened throughout history.
The idea you all are argueing about tax plans that likely won't get passed in any semblance to what a CANDIDATE has proposed is interesting. It sounds like everybody wants to have a class warfare battle. Like it or not, big business and main street create most of the jobs in this country. That contributes directly to everybody's way of life. Take away the incentive to create wealth and then you'll have a REAL problem. Who then would be the largest creator of jobs? The goverrnment?
You know, Ronald Reagan was a better movie actor than people gave him credit. He could have made more movies during his career but decided it was pointless because he was already in a tax bracket where he would have been working extra for relatively little. Why work more than you need to if the government is going to take the money anyway? One of the main reasons for job loss in this country is the tax structure (Federal and most States) isn't "business friendly".
The only truly fair tax is a consumption tax with a luxury tax added for certain items that only the "rich" purchase. The problem with that is that states and local governments would still be able to tax income as well as add sales tax, ect. as how they see fit. The current income tax structure is basically where the power exists in our country. It would be very hard to truly change that.
We need to get government off our backs instead of adding more to our problems. The Democrats want to add to the responsibility of government (and promse that somebody like the "mean old rich people" will pay for it.) Obama tells these people that he's on their side...he's going to make it right for downtrodden. The Democrats are the same tax and spend to excess party they've been for over forty years. There's nothing new there. The Republicans blew a great opportunity over the last fifteen years to make good on their "contract with America'. The failed...even before 911...McCain does get it. He's running on the platform of real change...maybe we should call it real improvement.
What it comes down to at the end in November is this...What are you voting FOR? Not against, but FOR. What is the role of government? What about social issues? Where do you want to see this country, not just in four or eight years, but the next twenty, thirty, forty years? What do you envision for the next generation or two or three? That's what we are really deciding here.
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September 09, 2008 at
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there are web pages with price tags for 9/11 in the $2 TRILLION RANGE in direct impact to our stock market and economy - insurance companies ALONE lost over $50 billion! Greenspan even testified to these cost estimates in front of liberal pigs like Kennedy / Dick Turban / etc. in the US Senate prior to stepping down.
the number grows even higher when you start factoring in the direct impact to international stock market declines who remained OPEN while OUR STOCK MARKET WAS CLOSED FOR 10 CONSECUTIVE BUSINESS DAYS as well as the internation airlines whos flights to the US were cancelled when the order to close the skies to commercial air traffic.
but last time I checked - WARREN BUFFET still takes advantage of the very same TAX LOOPHOLES which he could VOLUNTARILY AVOID and SEND THE GOVT MORE MONEY at any time.
matter of fact, any of you democrat feel goods. including Cubic$Dollars, could SEND IN ALL of their spare money and the Gov't would cash the check and never say a WORD!
Lincoln 1845 ft/.35 mile T1=118MPH
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better
weather." Van May
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September 09, 2008 at
03:39:27 PM
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John Katich say's "You know, Ronald Reagan was a better movie actor than people gave him credit".
He played the role of President didn't he? I remember that role well and if I remember it right he had a little difficulty remembering his line's the last few years. Heck, he had a hard time remembering anything the last few years. I have a good idea about who was really running that show.... McCain seems to be having a problem remembering his lines as well. He can't seem to remember what he said a short time ago on different issues. Some respecfuly call it being being disingenuous, I call it being a lier.
Kenny
Half the lies they tell about me aren't true.
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September 09, 2008 at
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Reply to:
Posted By: BigRightRear on September 09 2008 at 02:57:11 PM
there are web pages with price tags for 9/11 in the $2 TRILLION RANGE in direct impact to our stock market and economy - insurance companies ALONE lost over $50 billion! Greenspan even testified to these cost estimates in front of liberal pigs like Kennedy / Dick Turban / etc. in the US Senate prior to stepping down.
the number grows even higher when you start factoring in the direct impact to international stock market declines who remained OPEN while OUR STOCK MARKET WAS CLOSED FOR 10 CONSECUTIVE BUSINESS DAYS as well as the internation airlines whos flights to the US were cancelled when the order to close the skies to commercial air traffic.
but last time I checked - WARREN BUFFET still takes advantage of the very same TAX LOOPHOLES which he could VOLUNTARILY AVOID and SEND THE GOVT MORE MONEY at any time.
matter of fact, any of you democrat feel goods. including Cubic$Dollars, could SEND IN ALL of their spare money and the Gov't would cash the check and never say a WORD!
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Buffett said he doesn't use any loopholes, that's why he pays 17%. The rest of the jackasses that are using tax shelters and offshore accounts are lucky to be paying 10%.
Warren Buffett: I'll bet a million dollars against any member of the Forbes 400 who challenges-- me that the average (tax rate) for the Forbes 400 will be less than the average of their receptionists. I'll give 'em an 800 number. They can call me. And the million will go to whichever charity the winner-- designates.
Tom Brokaw: How much are you hearing from your fellow rich fellows, as you describe them?
Warren Buffett: I don't hear anything. They're happy. They are not paying the tax rate their receptionists are.
Tom Brokaw: Why do you think that is? I mean, Congress took a look at this this year with the hedge fund operators.
Warren Buffett: Right.
Tom Brokaw: Who are getting taxed at about 15 percent.
Warren Buffett: And they-- and they're screaming about that. And they-- and-- and it-- and they're often deferring taxes by-- by using-- foreign tax statements. And what happens--
Tom Brokaw: But why-- why won't Congress step up on this in your opinion?
Warren Buffett: Well, I don't know the answer to that. I do know that the hedge fund operators made a record amount lobbying-- in recent months, so they give money to the political campaign and-- and who represents the cleaning lady?
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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September 09, 2008 at
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This message was edited on
September 09, 2008 at
04:21:52 PM by cubicdollars
Reply to:
Posted By: John Katich on September 09 2008 at 02:15:57 PM
I suppose nobody took a look at the markets in the immediate aftermath of 911...the terrorists tried to destroy our economy, this was their goal. It didn't work. Everybody here in the states thought there would be more attacks. There weren't. We may be having an economic downturn, but it could have been a hell of a lot worse. It's a widely held belief in politics and with economists that the economic policy by the federal government really doesn't really reveal itself for several years after it's instituted. Reagan's economic policy (brought forth at a time of economic stagnation) had it's effect on the Clinton administration (when everybody thought times were good). This has happened throughout history.
The idea you all are argueing about tax plans that likely won't get passed in any semblance to what a CANDIDATE has proposed is interesting. It sounds like everybody wants to have a class warfare battle. Like it or not, big business and main street create most of the jobs in this country. That contributes directly to everybody's way of life. Take away the incentive to create wealth and then you'll have a REAL problem. Who then would be the largest creator of jobs? The goverrnment?
You know, Ronald Reagan was a better movie actor than people gave him credit. He could have made more movies during his career but decided it was pointless because he was already in a tax bracket where he would have been working extra for relatively little. Why work more than you need to if the government is going to take the money anyway? One of the main reasons for job loss in this country is the tax structure (Federal and most States) isn't "business friendly".
The only truly fair tax is a consumption tax with a luxury tax added for certain items that only the "rich" purchase. The problem with that is that states and local governments would still be able to tax income as well as add sales tax, ect. as how they see fit. The current income tax structure is basically where the power exists in our country. It would be very hard to truly change that.
We need to get government off our backs instead of adding more to our problems. The Democrats want to add to the responsibility of government (and promse that somebody like the "mean old rich people" will pay for it.) Obama tells these people that he's on their side...he's going to make it right for downtrodden. The Democrats are the same tax and spend to excess party they've been for over forty years. There's nothing new there. The Republicans blew a great opportunity over the last fifteen years to make good on their "contract with America'. The failed...even before 911...McCain does get it. He's running on the platform of real change...maybe we should call it real improvement.
What it comes down to at the end in November is this...What are you voting FOR? Not against, but FOR. What is the role of government? What about social issues? Where do you want to see this country, not just in four or eight years, but the next twenty, thirty, forty years? What do you envision for the next generation or two or three? That's what we are really deciding here.
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What do I envision for the next generation? Many economists estimate another $4.5 trillion added to the federal deficit under McCain's plan.
Look on the bright side, once the dollar falls below the peso maybe the Mexicans will be able to start buying up America on the cheap this term instead of just Asia, the Middle East and Europe. That way the people who own us will at least live a little closer.
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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September 09, 2008 at
04:31:36 PM
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Cubicdollars, that is an excellent point and well taken. As a matter of fact because of Warren Buffet's unique situation - huge amounts of wealth - and the way the tax code is written it seems to be an advantage for him. But that advantage does not come without RISK.
You need to understand what happens when WB or any other investor for that manner invests in a company. The reason those advantages exist in the first place. You see, when a company sells stock, they are in fact raising capital. The reward to the investor is hopefully some dividends and an increase in the value of your investment that is not realized or taxed until it is sold.
The reasons those tax incentives exist are so that the wealthy people - ie WB - have almost no choice to invest their wealth in companies. It's good for the economy. It creates growth....for cryin out loud it creates CHANGE!!!
I really feel personally that raising the capital gains tax is not a good thing. If that incentive is taken away where are all of these companies that we want to grow our economy and create jobs going to get the money to do that??? A loan from a bank? Possible Lehman Brothers?? Now that is funny I don't care who you are!
The thing where WB has them all beat is not in taxes but in knowlege. He is a very SAVVY investor and had really re-defined what it means to invest in growing companies....and our economy!
MB
Rome wasn't built in a day......but they sure didn't
waste any time burning it down!
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September 09, 2008 at
04:33:25 PM
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PS. There ought to be a law about butchering the National Anthem like that too!
Rome wasn't built in a day......but they sure didn't
waste any time burning it down!
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September 09, 2008 at
04:43:09 PM
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Reply to:
Posted By: mbmotorspt on September 09 2008 at 04:31:36 PM
Cubicdollars, that is an excellent point and well taken. As a matter of fact because of Warren Buffet's unique situation - huge amounts of wealth - and the way the tax code is written it seems to be an advantage for him. But that advantage does not come without RISK.
You need to understand what happens when WB or any other investor for that manner invests in a company. The reason those advantages exist in the first place. You see, when a company sells stock, they are in fact raising capital. The reward to the investor is hopefully some dividends and an increase in the value of your investment that is not realized or taxed until it is sold.
The reasons those tax incentives exist are so that the wealthy people - ie WB - have almost no choice to invest their wealth in companies. It's good for the economy. It creates growth....for cryin out loud it creates CHANGE!!!
I really feel personally that raising the capital gains tax is not a good thing. If that incentive is taken away where are all of these companies that we want to grow our economy and create jobs going to get the money to do that??? A loan from a bank? Possible Lehman Brothers?? Now that is funny I don't care who you are!
The thing where WB has them all beat is not in taxes but in knowlege. He is a very SAVVY investor and had really re-defined what it means to invest in growing companies....and our economy!
MB
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He says the current system needs addressed...
Tom Brokaw: Are you surprised there's not more talk in this presidential campaign about economic fairness and economic justice?
Warren Buffett: Yeah. I am surprised-- it may be that everybody wants to be cautious-- while they're looking to get nominated, but-- but the degree to which the-- economic-- well, the taxation system has tilted toward the rich and away from the middle class in the last ten years is-- is dramatic, and I don't think it's appreciated. And I think it should be addressed.
Click here, for link to video of full interview.
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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