Author Topic: A frustrated loser  (Read 2703 times)

Cardboard

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A frustrated loser
« on: November 15, 2019, 05:44:44 PM »
https://finance.yahoo.com/news/alexandria-ocasio-cortez-plans-bill-155251845.html

You just look at her face and know all you need to know.



LC

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Re: A frustrated loser
« Reply #1 on: November 15, 2019, 10:30:44 PM »
I mean, Trump is trying to bring back to those 1950s "glory days" - AOC is just getting the tax rates to match.

But if you want to look at a real loser (not one who worked their way from slinging drinks to signing bills):
https://www.nytimes.com/2019/11/15/us/politics/roger-stone-trial-guilty.html
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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stahleyp

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Re: A frustrated loser
« Reply #2 on: November 17, 2019, 09:36:07 AM »
If we are going to be more and more specialized where the haves have more and more then we need way higher taxes. We could use that money for government projects to help keep people employed in places. This will be especially important as machines replace more and more people.
« Last Edit: November 17, 2019, 09:45:22 AM by stahleyp »
Paul

frog03

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Re: A frustrated loser
« Reply #3 on: November 17, 2019, 10:54:15 AM »
sure, let us get more and more taxes/regulation.  Let us try to catch up North Korea, Venezuela, Cuba.  This would really help the US and its poorest citizens...

LC

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Re: A frustrated loser
« Reply #4 on: November 17, 2019, 11:06:20 AM »
sure, let us get more and more taxes/regulation.  Let us try to catch up North Korea, Venezuela, Cuba.  This would really help the US and its poorest citizens...

Good point. We obviously need more of this:
https://www.ft.com/content/88b6425a-7884-11e9-bbad-7c18c0ea0201

I think I can see the wealth trickling down from those tax free private planes.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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RuleNumberOne

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Re: A frustrated loser
« Reply #5 on: November 17, 2019, 11:22:42 AM »
https://www.bloomberg.com/opinion/articles/2019-11-14/france-s-wealth-tax-should-be-a-warning-for-warren-and-sanders

"The revenue it raised was rather paltry; only a few billion euros at its peak, or about 1% of Franceís total revenue from all taxes. At least 10,000 wealthy people left the country to avoid paying the tax; most moved to neighboring Belgium, which has a large French-speaking population. When these individuals left, France lost not only their wealth tax revenue but their income taxes and other taxes as well. French economist Eric Pichet estimates that this ended up costing the French government almost twice as much revenue as the total yielded by the wealth tax. When President Emmanuel Macron ended the wealth tax in 2017, it was viewed mostly as a symbolic move.

Another French experiment was the so-called supertax, a 75% levy on incomes of more than 1 million euros. Introduced by socialist President FranÁois Hollande in 2012, the supertax added to the exodus of wealthy individuals, most notably actor Gerard Depardieu and Bernard Arnault, chairman of LVMH Moet Hennessy Louis Vuitton. Star soccer players threatened to go on strike, and there was fear that France would become a wasteland for entrepreneurs. Meanwhile, the supertax raised much less money than even the wealth tax had -- only 160 million euros in 2014. The unpopular tax was repealed two years after its adoption.

Franceís experiments with taxing the wealthy at very high rates didnít raise much money and didnít prove politically sustainable. The flight of wealthy individuals from the country probably helped reduce inequality on paper, but it's not clear that their departure left France better off."

RuleNumberOne

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Re: A frustrated loser
« Reply #6 on: November 17, 2019, 11:32:33 AM »
Piketty, Saez and Zucman are all French economists thriving on stoking envy and entitlement just like AOC and Liz.

France is full of envious people, tried all sorts of taxes, didn't work. Then they foisted their unwanted and unemployable economists on the CA taxpayer who generated a whole bunch of lies as pointed out by Larry Summers.

The rise of China is a great thing for the virtues of hard work. Europe falls further and further behind, still relying on 100-year old technology for their exports. I hope China continues to rise and all the Western biotech companies move there.

Why don't AOC, Saez, Zucman, Piketty try to earn an honest living like farmers. Produce something useful, don't leech taxpayers for your salaries and pensions.

Their formula - stoke envy and get a life-long pension in return.

Mephistopheles

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Re: A frustrated loser
« Reply #7 on: November 17, 2019, 12:37:11 PM »
That girl needs to go back to working for tips. A complete imbecile.

Meanwhile Trump just pardoned 3 war criminals. I think he's a racist asshole.

We need Bloomberg to run and win so badly.

LC

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Re: A frustrated loser
« Reply #8 on: November 17, 2019, 02:01:05 PM »
Quote
The rise of China is a great thing for the virtues of hard work. Europe falls further and further behind, still relying on 100-year old technology for their exports. I hope China continues to rise and all the Western biotech companies move there.

Be careful what you wish for.

"Lethargy bordering on sloth remains the cornerstone of our investment style."
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stahleyp

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Re: A frustrated loser
« Reply #9 on: November 17, 2019, 02:56:08 PM »
Quote
The rise of China is a great thing for the virtues of hard work. Europe falls further and further behind, still relying on 100-year old technology for their exports. I hope China continues to rise and all the Western biotech companies move there.

Be careful what you wish for.



lc, these guys share your worldview so you should be all for it! ;)
Paul