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Thread: Dow 27K

  1. #201
    Senior Member dogdaddy's Avatar
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    Quote Originally Posted by caryalsobrook View Post
    A couple of statements dogdaddy. The income tax is the worst thing that has happened to this country. Over 100 years and the only accomplishment is that it is now over 80,000 pages and STILL DOES NOT WORK. My previous comment on tax was that the last "tax cut" was a lesson in futility. Humpty Dumpty fell off the wall the first day and all the kings men will never put him back together.

    You talk of our country being a "consumer nation". Fact is that you did not get where you are by being a consumer. You got there by being a "saver". We now have a tax code that punishes savers and rewards consumerism. Go figure.
    So true Cary! Would prefer a national sales tax, exempt food and health care so the bottom end is not so disproportionately impacted. include some Wall Street investments excepting pensions, and others that actually involve jobs and products. Nothing wrong with cutting taxes but they are never matched with spending cuts. Tax cut buy votes and more importantly campaign donations from those who got the cuts. Koch brothers cut a very fat check to the RNC 6 days after the 2017 cuts with others donors to follow. Unfortunately in-district spending also buys votes. Congress should be paid based on money left in the budget at the end of the fiscal year.
    I am called Dogdaddy by co-workers because of all the time missed at work due to dog activities.
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  3. #202
    Senior Member dogdaddy's Avatar
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    Quote Originally Posted by BonMallari View Post
    The list just grew its Feinstein(D) Imhoffe (R) Loeffler (R) and Burr (R) all sold Biotech stocks after getting briefed on CoVid19
    Hang them all in public. Need a full independent look at everyone in congress and the white house. Explains all the delays, this is just the flu, no big deal,.....Barr probably will give them blanket immunity too! Curious if DJT made any moves. Never met a dollar he did not want to separate from it's owner! Millions in Goldman Sachs stock which is why he put four of their employees in his administration just as he took office in 2017. GS stock then immediately soared thru the roof way faster than any others. All makes sense now why private labs were hired before State Labs were permitted to run tests starting just this week!!! Ours just started this week.
    I am called Dogdaddy by co-workers because of all the time missed at work due to dog activities.
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  4. #203
    Senior Member Matt McKenzie's Avatar
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    Make sure you have the full picture before you actually string anyone up.
    Matt McKenzie

    "Thinking is the hardest work there is, which is probably the reason why so few engage in it." Henry Ford

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  6. #204
    Senior Member dogdaddy's Avatar
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    I am called Dogdaddy by co-workers because of all the time missed at work due to dog activities.
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    "“Courage is what it takes to stand up and speak, it’s also what it takes to sit down and listen.”

  7. #205
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    Quote Originally Posted by dogdaddy View Post
    So true Cary! Would prefer a national sales tax, exempt food and health care so the bottom end is not so disproportionately impacted. include some Wall Street investments excepting pensions, and others that actually involve jobs and products. Nothing wrong with cutting taxes but they are never matched with spending cuts. Tax cut buy votes and more importantly campaign donations from those who got the cuts. Koch brothers cut a very fat check to the RNC 6 days after the 2017 cuts with others donors to follow. Unfortunately in-district spending also buys votes. Congress should be paid based on money left in the budget at the end of the fiscal year.
    Thanks dogdaddy. Glad you are here. One thing I did not mention is that EVERY TIME one consums(buys) something, they will see the real tax they pay and not all those others that are hidden. Then let's see how ofter our representativs want to raise the taxes. I do differ with you on tax exemptions though. I see that as a black hole that there will always be someone that tries to justify an exemption for their pet reasons.

    I can remember when Don Sunquest A REPUBLICAN who advocated a state income tax and the Nashville Tennessean(newspaper) had the headlind on the front page "Tennessee faces a BUDGET CRISIS" . I changed it to "Tennessee faces a SPENDING Crisis". Same article just different headline. By the way, I think he was the worst govenor our state had in my lifetime. Second had to be Ray Blanton, a democrat who probably should have gone to jail. He even resigned sold his home and quickly moved to Folrida that has the homestead Act that proects your home from bankruptsy. His Florida house was valued at over a million dollars and that was in the 70's I bdelieve.

  8. #206
    Senior Member swampcollielover's Avatar
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    Speaking of TAXES.....

    "I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." --Winston Churchill

    Congress has no money!
    They have to get it by taking it from someone else who worked for it, or print more money, which then dilutes the value of everyone's else money that they actually worked for!

  9. #207
    Senior Member dogdaddy's Avatar
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    Blame game never ends. 2 trillion stimulus bill stalls as "Dems" are blamed insisting on changes to the corporate slush fund side of the bill. McConnell blames the other side as it was blocked from getting on the floor! Code for: the Republican votes were not there to pass it. He suspended the 60 vote rule to pass the tax cuts, the budget bill, the failed repeal of Obama Care, judicial and cabinet nominations, etc. Corporations spent over 2 trillion buying back stock with their newfound revenue from the failed/flawed tax cuts. No money to them. They can sell their stock. For that matter any publicly traded corporation can sell their's, it never ends. They are sitting on billions/trillions in stock. All that bought back stock should have to sell that stock before they get a dime. Congressional members can buy it with the money they got cashing in on insider trading as well as those they informed early on. They are all going to put it back in the market anyway, and likely make a huge profit in short order. Time for the upper 1% to step to the plate and give back to the country that made them so wealthy instead of us who's labor and consumption made them wealthy. Did some fact checking on Sanders(not a fan) claim that 3 Americans own more wealth that the bottom half of America. It is true, confirmed by Forbes. Bottom half is totally covered in debt. Student loans, mortgages, autos, revolving credit...... More credit debt(new record) now than in 08/09. During that recession CEO's bankrupted their own companies by writing themselves massive checks and moved to Florida putting the money in massive estates protected from foreclosure by the Homestead Act Cary referred to above. Trump did it when he took his entertainment company public, selling a billion in shares while retaining majority control. Then forced the new company to buy his bankrupt casinos unloading his debt on the shareholders. Judge in the bankruptcy case/settlement forced him to sell his shares to recoup some of the money, but it was a drop in the bucket with shareholders taking the hit. Way past time to overhaul bankruptcy law. There is a reason why Mara Lago is in Florida! Time for all publicly traded companies be required to have majority of shareholders approve all major moves that affect their investment. Same for them spending money in politics, it must be approved by a vast majority of shareholders. During the last 10 years congress has quietly deregulated the financial sector and once again the taxpayer will pay the bill for this madness. Corporate loans once again under federal insurance, instead of repo-ing their collateral,taxpayers will foot the bill again. The vast majority of jobs are created by small business but big business writes all of the laws, consequently reaping the benefits. Companies got too big, too powerful. Antitrust laws essentially gone/abused. Too big to fail so "WE" bail them out. Being blind we will elect the same politicians/policies again. Where is the Contract with America we were promised in 1994! TERM LIMITS, CAMPAIGN FINANCING REFORM.
    I am called Dogdaddy by co-workers because of all the time missed at work due to dog activities.
    • GMPR SCL's CC Rider MH
    • SCL's Watermark Stella Blue SH
    "“Courage is what it takes to stand up and speak, it’s also what it takes to sit down and listen.”

  10. #208
    Senior Member BonMallari's Avatar
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    the vote come out at 47-47....did anyone see who DIDNT vote.....

    Romney
    Lee
    Scott
    Paul

    Coincidence....I will let you decide....if it were really a Bi Partisan effort , those 4 shouldn't have mattered
    Executor of the Alanson C Brown III - Trust

    Quote Originally Posted by lanse brown View Post
    A few things that I learned still ring true. "Lanse when you get a gift, say thank you and walk away. When you get a screwing walk away. You are going to get a lot more screwings than gifts"

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