Maria Bartiromo has a stimulus plan of her own. But it’s a plan to stimulate the selling of assets instead of consumer spending. If you’ve got stocks or homes you want to sell, you should probably sell before Barack Obama gets elected, she seems to say to Avenue.
Today Page Six reports that the Money Honey warned about higher taxes if the Democratic nominee gets elected. “He’s going to take the capital gains tax at 15 percent right now all the way up to 25 to 28 percent,” she says. “Sell anything, like a home or stocks, and make a profit . . . [almost] 30 percent of the profit will go to the government instead of 15.”
Barack’s Bite [New York Post]
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what is this moveable type? i don’t have an account.
since this is a free online publication anyway maybe you could just post the link?
just make an educated guess at a username & login pair, and I reckon you could post to the site…
Link fixed. Sorry.
thanks John! helpful.
also helpful that we have maria bartiromo around to tell us (shocker of all shockers) that the most leftist presidential candidate we have seen since the 70s wants to raise our taxes too!
thanks John! helpful.
also helpful that we have maria bartiromo around to tell us (shocker of all shockers) that the most leftist presidential candidate we have seen since the 70s wants to raise our taxes too!
I think Bartiromo should stick with something she knows about……like getting corporate jet rides around the world. How?…….heh heh.
That’s right folks. If you make more or less around $200k a year, and then end up voting for Obama, you might as well check yourself into an institution for the mentally ill because you will have blindly given away at LEAST $20k of your hard earned income to the government. The latter is based on fact. Plain and simple. Listen to what Obama says he’s going to do with the tax system and do the arithmetic.
Did it or does it occur to you that the Bush BS has allowed the country to spend it’s way to record deficits all in the name of reducing taxes for the wealthiest???
Obama (or whoever it would be) has no choice if he wants anything to preside over should he win…
How about taking the current administration to task for allowing this mess to have no other tangible outcome than to raise taxes.
No choice based on the past 8 years of corporate backslapping…or may be she should have looked at a chart of how the corporate tax liability has shrank while the individual (non-wealthy) has risen.
Putz…..
MS
Go back to your drum circle, hippie.
Yeah 9:57, I suppose te deficit had nothing to do with 9/11, Hurricane Katrina or a war against the Jihad. It’s just “that Bush BS.”
Go smoke your patchouli.
Sounds like bargain basement prices coming for stocks and whatever should be sold as everyone follows Maria’s sound investment advise. I have no problem with that since I’m way ahead of her. Maria wants a bottom, not that she needs another bigger one…
higher taxes will be the very least of our worries if Barack Obama is “elected” or otherwise installed as Chief Executive.
hippie @ 9:57,
Even if the US were swimming in surplus, Obama believes in a political philosophy whose end goal is to redistribute wealth to create equality, which can only be achieved through higher taxes. Why a deadbeat who skipped school, did drugs and had 5 kids by 21 should have an equal ‘outcome’ as someone who slogged it out to make the money is a question left unanswered, but that is the general theme.
Also, look at taxes for black reparation pretty soon. I dont for a second believe that a guy who sat in Wright’s church for 20 year doesn’t subscribe to the idea.
Does she not realise that you don’t pay tax on your primary residence?
@10:12 are you saying you dont like drugs? what about cake, the laughter of small children, gerber daisies? are you saying you hate america??
but yeah i agree with your sentiment
@10:01 Yes Congress passes tax laws but Obama will most likely have a Democratic Congress, maybe even a filibuster proof Senate. Also, in the case of capital gains tax Congress just has to do nothing and the rate goes to 28% (and even if they tried to extend the 15% rate that sunsets, Obama can veto). There is no doubt that if Obama is elected capital gains and dividends taxes are going up, as he has said they should.
@9.57 MS
two wrongs make a right ….
more taxes, that’s the answer!
imagine a tick the size of chihuahua on a chihuahua. that equation does not work forever.
just for the record, we have a one party system of ‘social democracy’ marching us towards socialism. so picking a side demo vs. repub doesn’t really matter.
it’s gerbera daisies, 10:19. Sheesh. What did you major in?
imagine a tick the size of chihuahua on a chihuahua. that equation does not work forever.
how poetic!
@MS socialist:
“Tax breaks for the rich” is the big lie come alive. Under the Bush tax cuts, 25 million Americans at the bottom half of the income scale have been wiped off the federal income tax rolls. And the rich? The federal tax burden of the top 1% of earners has gone from 19% under Jimmy Carter (in 1980) to 39.4%. Meanwhile, the bottom 50% paid 3.1% of taxes in 2005. In 1995, they paid 4.6%.”
IBD via Forbes
It works at Taco Bell.
Also check out the following adds with an obama white house:
–Much higher estate taxes.
–Expansion of “hate crime” statutes against whites in order to protect moslems.
–Increased influence of islam in Western governments.
–Seperation of church and state, but not seperation of mosque and state.
–Revival of the “Fairness Doctrine”.
–Islamic solutions to Western problems.
–Federal Court judges? Supreme Court nominees? Scary.
–Anyone with a job or anyone with significant investment income and no job will be targeted to “pay their fair share”.
Anybody with a job, anybody who is white, anybody who is Christian, any body who is straight, anybody who is married, anybody who has a 401(k), and anyone who owns property should not vote for obama.
10:41- Get that racist shit out of here.
Ditto.
I love that you guys are basically just reblogging the NYP.
@10:44,@10:47,
Racist?? HaHaHa!!! Is that all you two dumb assholes can say about my @10:41 post?
Racist?? More like truth!
‘Fairness Doctrine’ would actually be a good thing. Do you even realize how ridiculously left wing TV and Hollywood are?
Even video games. I was tired of all the anti-right wing rant on the radio stations in GTA4. Lefties seriously cannot do anything without attacking the other side. Why in a video game of all things?
@10:44,@10:47,
Obama and that piece-of-shit wife of his are the biggest racists around. Didn’t you know that? Check out Michelle O’s senior thesis at Princeton, if you are able to find a copy.
Repeat @10:51, “you two dumb assholes”.
So a bunch of over-paid wealth destroying “bankers” are going to pay a bit more on their absurdly high, non-performance related incomes? Wow, what has the world come to. Effing hippies.
That would be the same Maria Bartiromo who, in July 2002, said that it might be time for long-term investors to stop buying stocks, and instead look into shorting them?
That one?
Just checking.
All you morons picking on maria without even reading the article obviously, she doesn’t say you should sell anything at all, just that if you do it will be more expensive.
Normally I can’t stand Maria, but in this case I can’t stand functional illiterates who don’t even take the time to read a one paragraph article before getting all uppity.
Do you guys give a shit about anything else in the world besides your marginal tax rate?
@10:14 do you not realize you are an imbecile?
the fact that we pay at all is a blessing. What a wonderful incentive..”please work extremely hard and make lots of money so i can tax the shit out of you for government cheese and universal health care”
Build some roads, pay some soldiers and leave my money the fuck alone.
@11:01,
It is not just the bankers who should be concerned. Re-read the last paragraph of my 10:41 post. You too should probably be concerned about obama.
Warning: a breakout of sock puppets in this thread.
Maria is clearly also saying we should kill our parents before the estate tax goes up! What a murderous bitch!
i smell a libertarian (merkin)!
woohoo!
knew there had to be some out there somewhere.
maria really said that? Didn’t know Maria was now working for Fox.
Hey 11:01,
Lets say tomorrow ALL the over-paid bankers / hudge fund folks decided that working was not really worth it and they were really ‘wealth destroyers’ and ‘non-performers’ and thus decided to become teacher / lifeguards / ‘musicians.’
What do you think would happen then? Where would the poors go then?
And I thought the Ron Paul threads were bad.
@11:12 hey ayn rand, shouldn’t you be studying for your sophomore year econ classes?
Oh come-on, tax and earmark economics are the best kind. Lets make everyone equal no matter how hard they work.
Unions and Tort Lawyers unite for Obama!
Sadly, most people do not seem to understand that if you remove the incentives for working harder/smarter, very few will do so. Kinda throws a wrench in that whole equitable distribution idea eh?
@Anal_yst: right on. and the ones who do bust a gut tend to be zealots spouting divisive crap like numbskull@10:41
I think 10:12 am and anyone else thinking Obama is going to instituted a black reparation payment system is the one smoking dope. I really doubt all those white guys in Congress are going to send him the bill necessary to make it a reality. After all, there are only 43 members of the Black Congressional Caucus — in other words they only represent 10%.
So in addition to Maria needing to bone up on economics classes, 10:12 am and friends need to retake basic high school civics.
watch out anal_yst, someone might throw an Ayn Rand comment at you to complete discredit everything you say without any rational discourse ….
Anal got it all wrong. The poors get almost no wages, therefore pay little or no taxes, but must work harder (2 or 3 jobs) to stay afloat. That’s incentive.
@ 11:39, spot on. Guess they still haven’t made logical arguments (etc) a required college course yet, sigh…
wow, nice thread.
typical knee-jerk, linear, bankers-speak, i.e marginal/ cap gains taxes = armageddon.
the hedgies/ traders seem to have taken the other side. . .
reagan said, “when people feel good, they spend, create, invest, etc. . .” (see B. Clinton)
calculus, baby.
-retail
@anal_yst – half the reason to compensate ceo’s so highly is to inspire the rest of the troops to want that office. If the ceo of goldman made a million bucks a year does anyone think people would be doing 80 hour weeks? Lawyers are the only ones who kill themselves for socialist pay scales.
But the real problem isn’t obama or mccain, it’s the need of the federal government to continue spending. Both the democrats and republicans are at fault – there is no small government party, they just spend it on different things. The real question is why are people with few qualifications making capital allocations for the largest budget on the planet? That’s how you wind up with massive long term liabilities and no way to cover the cost (healthcare and social security).
That story is pure Obama bait. Maria’s looking for the first one-on-one in the campaign season.
What percent of people working at hedge funds, investment banks, traditional asset managers, law firms, etc. do you really expect to decide to leave the industry and go work 3 days a week at foot locker instead because their marginal income tax rate goes up 5% and capital gains increases by 15%
Really, I want to know? Or even what % of hedge fund guys are going to say, you know what, forget this tax bullshit I am going to work for an insurance company until this whole Obama thing blows over?
11:38,
You have clearly left the ‘guilt-ridden self-hating white liberals’ out of the equation.
They are the reason why members of Wright’s church (who no doubt share his views, as evidenced by the massive applause he and his minions receive post their rants) manage to pass off as ‘respectable’ members of society. I dont see that tag frequently associated with KKK members.
Those people are also the reason why ridiculous hate-crimes legislation exists, and the stupid affirmative action policies are shoved down others throats.
And guess what pissed me off the most? Some whites enslaved some blacks. And some other angst ridden-whites, in their crusade to absolve themselves of all sin, are discrimating against my kind. I am not white. I am sure you know who I am now.
And we all know by now, how she loves one-on-one.
@ diablo
Are you saying this is actually a chicken or the egg sort of problem?
I understand that ‘the poors’ don’t have the same access to information sometimes as well-to-do(please don’t misread this btw), but its not exactly a secret that if you bust your tail in school, avoid crime and getting in trouble, and pick a field that pays well, you’ll pretty much never be poor (knock on wood).
YAre you saying that because ‘the poors’ didn’t make the ‘right’ choices they were incented to do if monetary wealth was their goal, that they should just stop showing up to work?
Are you suggesting that those who had the dedication to put the work in to acheive their financial goals should be forced, against their will, to subsidize the lack of ambition/dedication of ‘the poors’?
11:38,
Reparations do not need to come in the form of a one-time legislated payment. Affirmative actions policies, forced ‘diversity’ mandates at all workplaces, ‘diversity’ mandates for charities (recently in California), preferential contract awards on basis of color or business owner, preferential treatment for criminal behavior, etc etc are all ‘hidden’ reparation schemes – of which you will see an upsurge.
And guess who pays for all this?
Actually yes, I am Obama will do everything he can to shuttle my taxes to his radical leftist elements, just like he did giving hundreds of thousands of illinois taxpayer dollars to his own church for Wright’s slush fund
I think 11.49 sums up the thought process on the left.
“we can get away with taxing them because they will not change their behavior in the short term”
how do you boil a live frog without him trying to escape?
one degree at a time
@11:57 thank you. for the record i happen to be against tax hikes anyway for other ideological reasons but (at risk of being accused of calling anyone ayn rand) think it’s important to keep in mind that sort of marginal economics only works at the margin, if at all, but good luck telling that to the self-important IB analyst who thinks he’s john galt :)
@ 12:03
Hope you’re not referring to me there brosef, definitely not the galt type
@9:54 – spot on.
No broheim, but it looks like 11:12 might fit the bill. I just think its a funny argument since I have never met anyone who wants to leave finance just because their tax rate changed, and everyone keeps working as hard as before for fear of getting fired and ending up with a salary where 3% tax rate change actually COULD change your quality of life!
The economics of the wealthy should really have its own field of research from the economics of the poors as we seem to be calling them now.
@ 12:40
I hear what you’re saying, and completely agree, but I think its pointing out that in the extreme case of increasing taxes on the rich, at a certain level (far above a few % here or there), it wouldn’t make much sense to work 80 hours/week if you were taxed at say, 80%.
Its obviously ridiculous until it reached a ‘high enough’ level, but I think (and I may be incorrectly giving the benefit of the doubt here) its just to point out the fact that having worked hard most/all of your life it sucks when the gov’t takes your $ and gives it to those who did not.
Agreed. Ironically though, I just returned from Oslo, and they really do seem happy even though they cannot afford to eat or drink out for the most part. I am having trouble reconciling it, and for now, I just assume that are happy that winter is over.
Carefully dodging the FACT that the tax rate for the wealthy has gone down and that regardless of who is President the ONLY way to remedy the failure is to raise taxes.
Too bad you people who accuse me of being a hippie are only worried about your marginal tax rate…..
Feeling that you may lose your jobs because the spend at any costs strategy may actually have a consequence???
WHo’s the Hippie now??
Putz’
MS
12:53
If you are used to one type of lifestyle, and then it is taken away from you by the government, you would probably be somewhat upset. If you never had a taste of that certain lifestyle, it probably wouldn’t matter too much to you.
For those who are talking about how it’s only a tax increase of a few percent here and there that Barry wants to impose:
I don’t know about the rest of you, but the sooner I can stop going to work every day, the better. Every dollar taken away from me now and going forward is a dollar that I can’t save and invest for such things as my children’s college education and my retirement. The more taken away now, the less my money is compounded over the finite amount of time that I have to reach those goals.
The government is going to do all it can to keep us working as long as possible. It’s in its best interest to do so. Government should work for the people, not the other way around.
The next liberal who mentions the Scandinavian countries wins!
People. First restructure the US population to look like those Scandinavians (basically throw out all non-whites, maybe keep the Asians as they seem to be hard working, lower crime). Then, cut back defense spending to close to nothing and assume the implicit defense cover of some benevolent power (China?) Then make the weather so inhospitable that no mexicans, cubans, whoever want to even put a foot here.
Done? Great. No first (with NO change to the healthcare system) compare the mortality/birth rates etc of the modified US with the Scandinavian countries. How does it look.
Then cut taxes down to half from present and let both countries be. Who do you think will win?
Dont make mindless and meaningless comparisons. China is growing @ 12% while the US is growing
“maybe keep the Asians as they seem to be hard working, lower crime” you have never been to LA huh?
@ 1:12 said – “Carefully dodging the FACT that the tax rate for the wealthy has gone down and that regardless of who is President the ONLY way to remedy the failure is to raise taxes.”
What the fuck? ‘Remedies’ are required for things that have gone wrong. Why is the tax rate on the higher income people going down a PROBLEM?
It would be a PROBLEM if the rich were paying a smaller share of the overall tax revenues, but their share has actually gone UP. Gross revenues are up, share of wealthy is the pool is ALSO up.
Then what is to be ‘remedied’ ????????? You are a hippie in the truest sense of the word. A communist hippe. And a thief at heart on top of that too becasue you do not care about overall revenue maximization but only taxing the rich more!
1:22, have you benchmarked the LA asian crime rate against that of other races in LA?
Whats with liberals and analytical BS? First someone compares Scandinavian nations with the US without normalizing the population, now another points out an isolated crime statistic without benchmarking? Why dont you go look up income/crime/education statistics for the various races in the country and get back?
@strangebrew
somewhat true. I bet the Norse in general would be upset if someone said, income tax is going to 30% from 50% but we are taking away all your free health care and university education. but at least they would have more money for losing their social benefits. but not the wealthiest of them. they would be dancing a viking ring dance in the streets.
laffer curveeeeee
1.29 no but you stick them in the ghetto and they act like the ghetto like everyone else.
also, who made this comparison you are so upset about? it started when one guy was perplexed they are happy despite the high taxes. i think you are making a straw man.
@1:24
I didnt say that. Try a reading course or better yet look at where the tax burden has shifted over the last 40 or so years.
if you think there is no problem to be remedied you are dreaming…..
Putz.
MS
You people have just proved what Winston Churchill said “the biggest argument against democracy is 5 minutes with the average voter”.
The USA rewards short term thinking and this creates long term problems. Take health care – I am from a country with universal health care. I got a chronic disease when i was ten years old. By the time i was 18 i had had 6 operations and spent almost 3 months a year for 8 years in the hospital. In the USA my parents would have went bankrupt paying for my medical bills. I wiuld have been unable to afford coverage and would have to stay unemployeed to receive medicare. My parents would have not been unable to help send my 3 siblings and i to university. I would not have 3 degree’s and pay taxes at the highest rate (for the last 10 years) My dad would not employee 50 people and brother would not employee 85 people. Net, net my state is further ahead for having universal health care.Why is the USA the ONLY industrialized country in the world without some sort of universal health care? The United States of America has a worse infant mortality rate that Cuba, why? Short term reactionary thinking. Don’t think right vs.left that is short term bullshit (and it is exactly how the democrat and republican establishment want you to think). Right now i think we are in the “fall” of the “rise and fall of the unites states empire” and it makes me sick.
Here’s my main problem with letting the capital gains tax increasing: the impact this will have on the venture capital markets. Why do I care what happens to the venture capital markets? Because it will affect the level and quality of the entrepreneurial markets. Why do I care about that? Because I would like America to remain competitive, and be an economic leader.
Capital gains tax goes up. Incentive to take part in the risky business that is venture capital investing goes down. Amount of venture capital money to fund entrepreneurship goes down. What is good capitalism? A system that nurtures entrepreneurship and innovation.
In addition, what is a good route to economic freedom for those less well off? Entrepreneurship. Indirectly decreasing the supply of funds to entrepreneurship is indirectly decreasing the opportunity for economic freedom. An opportunity that does not care where you came from and who you are.
—————————————
On top of this, why was the capital gains tax rate at 15% to begin with? Because THE GOVERNMENT wanted to provide an incentive to the American citizens to take risks, namely with activities like venture capitalism that foster economic growth. Guess what? It worked, and those that took the risk won. What happens when you incentivize someone, then take their reward away when they win? No one will trust government incentives anymore.
I think they government should be careful where they look to get more revenues.
Churchill also said to put Boer women and children in concentration camps and to use poison gas to completely eradicate tribal villages so lets not get too wrapped up with what a sage, wise patriarch Churchill was.
1:41
I really think all arguments regarding government run healthcare and universities in other countries compared to what the liberals envision for us are useless once you factor in the demographics of the citizenry as another commenter pointed out. Norway has like 4.7 million people after all. Jacking up our taxes to European levels isn’t going to give us the European lifestyle. It’s a cliche, but if that’s the way you want to live your life, move there.
One more retard @ 1:51 trying to compare non-normalized data.
Hey douche, if the Cuban healthcare system is so great, WHY ON EARTH ARE THEY MAKING ROWBOATS OUT OF 60 YEAR OLD TAXIS AND TRYING TO GET INTO THE US?
If your country’s healthcare system is so great, why the hell are you getting onto this rotten country’s message board and trying to express views about the situation here? Why is no one from here even interested in whatever the fuck is happening wherever the hell you stay at?
Why are almost all the major new drug discoveries / medical process advances happening in this country? Why are people from the WORLD OVER (your country included) trying desperately to get into this country (evidence – immigration rates / visa-green card wsitlists)?
Why does this country (in spite of the oppressive capitalist free market system and NON FREE education) have the best universities in the world where EVERYONE from the world is trying to study or research, whereas no one gives a rat’s ass about whichever ABC polytechnique you went to?
And why is it that whenever you are faced with some real threat (nazis/communists/islamic terrorists) you come dragging your pansy ass over here begging for protection?
Chew over that a little while. Get back whenever you feel like.
“namely with activities like venture capitalism that foster economic growth”
namely with activities like real estate speculation. the average american citizen is not a “venture capitalist” in the way you mean when you say what you want to be after you get out of your analyst program.
@ 1:51, don’t recall him saying that, but believe it was something to the effect of “Democracy is the worst kind of government, besides all the others”
@ 1:48 said – “I didnt say that. Try a reading course or better yet look at where the tax burden has shifted over the last 40 or so years.”
Why dont YOU enlighten the rest of us with the FACTS on ‘where the tax burden has shifted’?
I could point out CBO statistics on tax share by income percentile etc but maybe if you tried to find that data yourself(instead of parroting liberal rants on NYT/MoveOne/DailyKOs) you will learn something?
“ABC polytechnique ”
haha nice
@9:54 – spot on.
@2:12–Be careful, or MS will call you a “Putz” again.
The li’l guy uses that to end all his rants. Dumbass version of “QED,” I guess.
Hey, I really liked the comment @10:41 a.m.! Especially these parts:
–Expansion of “hate crime” statutes against whites in order to protect Moslems.
–Increased influence of Islam in Western governments.
–Separation of church and state, but not separation of mosque and state. [My absolute favorite!]
–Islamic solutions to Western problems.
You usually can’t get that at a reputable website! That stuff is usually only available from a flyer on the windshield of a car parked outside a Christian mega-church.
Thank you, Dealbreaker and guest @ 10:41 a.m.!
@2:21, by ‘Christian mega-church’ do you mean something like Trinity Church of southside Chicago?
i think it’s his version of “bitches”
@ anal_yst
Both quotes can be attributed to him.
and i stuck in my 2 favorite quotes by him which should amuse all-
Bessie Braddock: “Sir, you are drunk.”
Churchill: “Madam, you are ugly. In the morning, I shall be sober.”
Nancy Astor: “Sir, if you were my husband, I would give you poison.”
Churchill: “If I were your husband I would take it.”
I like “I am strongly in favor of using poisoned gas against uncivilized tribes”
seriously, this is a finance website. if you want to debate (I use the term loosely – and the a$$clowns know who they are) politics, shouldn’t you be reading
http://www.anncoulter.com/
@ cluzo
http://ifuckedanncoulterintheasshard.blogspot.com
isn’t that what you mean?
Look dude, all that talk was probably more relavant to finance than your supid report where you pimped out at some stupid dating event. So STFU.
Oh, and you forgot a few websites there.
http://www.moveon.org
http://www.dailykos.com
cluzo-
what kind of investor are you if you don’t think increasing the capital gains rate and taxes will have no effect on finance?
@3:40 – point taken, but it’s only “relevant” if there is actually an intellectual discussion. if “I am strongly in favor of using poisoned gas against uncivilized tribes” is intellectual or “relevant”, then you win…”dude”.
@strangebrew – please see my comment at 3:48. trust me, the thought of taxing “excess profits” has my stomach curdling. should we just put a hammer and sickle on the flag now (thanks santelli)?
Totally miss the point but I see how that works here as you get to cherry pick what you want to respond to from the original post.
You’re still a putz….no matter what “stats.” you would care to discuss.
MS
health care is a privilege, not a right. You have a Right to get your ass up and go to school, study, get a job and make your own money. That right should not be circumvented by the government taking a cut to keep sicks and olds sucking off the communal teet.
Yeah, the US would have let you die and not supported your ass for 10 yrs. Then some healthy person would have grown up and employed double the people.
Take a report.
The fear in your comments is oh so evident….little afraid of losing that tax shelter for your third wife???
Fact is that tax burdens have shifter from the corporate end to the middle class. That’s something that your precious “Stats.” are not going to show.
Which is what the original issue I brought up was….not what you Neo-cons are circle jerking each other about.
http://time-blog.com/curious_capitalist/2008/05/a_chart_for_the_corporationbas.html?xid=rss-curious
No wonder we are in serious trouble if you read or hear what you want to.
Total Putz’
MS
cluzo does ann coulter have a discussion section??
@ cluzo -
i disagree. clearly excess profits should be taxed differently. it is ridiculous what these people and companies are making! what are they adding back to society?
okay so they put out a few movies and hip hop albums a year that are good but still! $20m a film or record! geez.
wait, aren’t we talking about raising taxes on EVERYONE that makes alot of money?
@ 4:17 hahaha
I like the idea of “excess” profits, its as if the dimwits in congress (etc) can’t comprehend that the same people who keep them in office are employed, and hence get paid by these same excess profits they wish to tax the hell out of. Sigh…
oof, take a report? harsh!
@Anal_yst if i recall my political econ class (it was so long ago) the basic view of the policy obama subscribes to is that anything exceeding the marginal cost is “excess”
And taxing windfall profits only incentivizes companies to slow growth and progress, rather than encourage innovation and fast delivery of multiple products from a company.
4:15 – You are seriously seriously totally delusional!
“That’s something that your precious “Stats.” are not going to show.”
If statistics do not show something, what will? The link that you gave showed that the share or corporate taxes has remained constant over time. But how does that imply that the burden has shifted to the middle classes?
The latest CBO report shows that the top 10% now pay 80% of the taxes! Do you even understand what you are talking about (and what people here are talking about?)
OMG, I just wasted my time trying to make a high school dropout Gawker transplant hippie see sense and logic. Damn!
@ 4:15. For the last time, take your drum circle and hacky sack elsewhere.
@4:17 – thank you for extrapolating. my fear is that once you open pandora’s box (you’re familiar with her, correct?), where will it stop. will all the big hedge funds have to pay “excess profits” tax too (and I’m not even a hedgie)? perhaps the guys/gals on capital hill should start by closing some of the tax subsidies/loopholes that big oil currently enjoys…just a thought.
Cluzo – All you ever do is hug trees. Stop huggin trees.
@4:49 – me a tree hugger? that’s a first. I have never been called that – dated a few, but never accused of being one. sorry for sending off the wrong signal…
4:17, liberal hypocrisy doesnt just end there.
They want pharma company patents suspended / watered down in developing countries. However, they want Hollywood / music / software patents enforced in the very same countries with full might of the Unuted States.
cluzo -
was being sarcastic. granted its a silly extrapolation but no one ever accuses the entertainment industry, the media, of “excess profits”.
using the oil issue as an argument against excess profits is one of the more idiotic thing politicians have argued lately.
revenues up – yes
COGS up – yes
margins up – nope
where’s the excess? dollars head overseas
regards
4.17
@4:15- I am not an individual fearing my tax shelters will be taken away, as you suggest we are doing. I am a student at IU with zero income, and with no family in the finance, investing, or entrepreneurship communities. I am the poster who spoke about the effects of capital gains tax increases on the VC markets and that effect on entrepreneurship; and, about taking away incentives when the incentives worked.
You’re appealing to emotion. Instead of poking at some of the things that do work in our economy, you should be questioning the spending philosophies of our government. The top 10% provide 80% of the income taxes (feel free to discredit that), so any increase for them would be too small to fix what you deem to be wrong with the country. Additionally, capital gains tax increase from 15%-35% is, again, a drop in the bucket (and damaging to job creation via decreased entrepreneurship).
Instead of pointing your finger towards a fellow group of citizens, I ask you to question the philosophies and implications of your government’s spending. Look at all the failing programs we all prop up and support, look at bullshit pork barrel spending we pay for, look at all the useless bureaucratic government jobs we pay for. Those factors add up to a much greater source of funds that could alleviate inequality than where you’re poking around.
Yours truly,
Hoo, Hoo, Hoo, Hoosiers
4.17
You know the CONgress’ speciality is to shoot in the foot those they presume to represent. (i.e. “those” = constituents)
Dealbreaker has really hit a bottom when you have IU students waxing poetic.
Don’t be jealous cuz your college was about as fun as a Tuesday night listening to jazz records with Cayne when his stash is empty.
And you don’t be jealous when firms laugh at your education
Really Mr. Bottomtooth?
What firms would that be? I can name very recent alumni at probably all the firms you salivate to. Sure, by volume it’s nothing compared to a Harvard, but the door isn’t shut for us either.
5:31, dont go there. Its a meaningless conversation. And I hope that you have an identity beyond the school you go to. Didn’t seem so from your post a few posts back.
Remember, if you chose to identify yourself through your school, people will also take you down through taking your school down.
There are great guys at IU, but IU is not Harvard or Stanford. You might be one of the great guys, so be so. Dont be someone from IU.
5.08 leans back in a comfy leather chair, puffs a cigar, laughs to himself … takes a sip of his Louis XIV
“then I told him and you don’t be jealous when firms laugh at your education!”
Good one, eh Mortimer?
Oh I definetely am not boasting about being an IU student, nor is it my identity. In that post awhile back I was simply highlighting to that 4:15 guy that it doesn’t take some banker protecting his wealth to support the argument against tax increases, but even a student with no bias can make a supporting argument that doesn’t appeal to emotion.
Yeah, and I felt the need to react when you put my school down, that is normal. I was in D.C. last summer talking to someone from Carlyle (I was a political intern, who found a love for finance), and they were talking about how much harder it would be for me. So, it’s not apart of my identity, but when someone claims it’ll be what holds me back…yeah, that might trigger a negative trait. Other than that, who cares. Cheers. Thanks for the good advice.
Kings to IU student for taking the high road btw
Bartiromo and the CNBC need to get on the McCain train FAST. BHO will bankrupt this country with his socialist garbage. All you need to know is BHO’s hot air during the debate moderated by Charlie Gibson of ABC. Obama doesn’t understand basic economics; anytime you hear a politician talk about fairness, run screaming from that Marxist.
Our choices with respect to someone with economic wisdom:
a) McCain IF Romney is VP.
b) Obama IF ________ is VP (anyone know if this guys knows anyone that knows anything?)
c) we’re fugged sideways either way.
Your thoughts?
C
Washington is not about to let anyone with ‘economic wisdom’ into the Oval Office.
Have they ever?
4:31 (careful it might be up your ass!)
How you can see that chart as being constant is the real problem here.
Don’t let facts get in the way of the story you are weaving with academics…..
Sorry about your school choice……you’ll be paying for that later
MS
In the late 1930′s, early 1940′s there was a guy in Germany who was a pretty good speaker too.
I know, let’s sit down with a guy wearing a bomb vest who actually, truely believes killing himself “in the name of Allah” will bring him 40 virgins and try to have a reasonable conversation on diplomacy. That would only work with someone who is diplomatic and reasonable.
Obama’s misunderstanding of economic issues may truely be the least of our worries.
@ 7:05
A. is the only choice not completely guaranteed to lead to C. (although the odds are still in favor of that outcome regardless)
MS
How does that graph you linked to yesterday at 4:15 show that the tax burden is being shifted to the middle class? If Johnny has a dime bag, and Peter has a QP, how big a stash does Mary have? The answer is: You can’t determine it from the information given.
You know that the corporate taxes paid by big oil are greater than the income taxes paid by the bottom 50% of individual taxpayers?
Romney? VP? are you serious? never in a million years.
” at probably all the firms you salivate to”
Nice.
If the US raises capital gains taxes, the immediate outcome will be a dramatic shift of investor capital abroad where capital gains taxes are lower.
This in turn will result in stalling of domestic production as companies will have no capital to operate their businesses.
This in turn will result in massive unemployment, huge tax deficits (both corporate and individual), and the entire country going down the tubes a la Ayn Rand.
This makes now a good time to buy property somewhere offshore, tax-free and where the US government cannot get their tentacles (like Switzerland); essentially, you are looking for something that does not repeat the most recent story of UBS and its clients.
Obama does not understand this very simple, basic rule regarding Tax rates on Capital Gains (or on any kind of gains for that matter):
“The More You Tax Something, The Less Of It You Get”.
I heard this some years ago on talk radio. I can’t think of one exception to it. Can you Cluzo?
Cluzo–I’ve monitored this site for some time, and I have to say, “You are the biggest fucking asshole on db, without exception.”
Guest on db
“Anybody with a job, anybody who is white, anybody who is Christian, any body who is straight, anybody who is married, anybody who has a 401(k), and anyone who owns property should not vote for obama.”
How is this as racist as Obama throwing his “typical white” Grandmother under the bus?
A-holes who see racism under every rock usually can’t see it in the mirror.
Wake up and smell what you’re shoveling. 10:41 speaks the truth. If the truth is racist, then count me racist.
In MY pants, Maria Bartiromo IS a stimulus plan of her own.
Guest@9:48am,06/11,
I’m the 10:41am poster from yesterday. I just tuned in, and voila, there’s your post.
I wish that there were more people like you on db instead of all those intellectual, effete douches who think that obama and his piece-of-shit wife are going to save us all from ourselves. obama = change. That is most certainly true.
Hopefully, over the next several months, obama’s ‘change’ bullshit will be exposed. Maybe then the voters will find the smell so nauseating that the thought of actually eating that bullshit on Election Day will make them move away from him.
10:41 Poster
@ 2:07 pm
The USA if fucking genius. How the hell else to you explain having no energy policy, destroying battery operated cars in 2002 and using corn ethanol as fuel (law of unintended but forseen consequence of corn ethanol – highest food inflation in 30 years). Keep borrowing from china to pay for your war in Iraq (how do you define “win the war in iraq”?). My country never begged your country for anything! Keep doing exactly what you are doing because i am making loads of money selling you my oil, my food and soon my water.
Sincerely,
douche from ABC polytechnique
ps – your universities are fantastic. to bad more and more they are educating the chinese,indians, arabs because they can afford the high tuition. Then the go back to their own countries whose economies benefit from the wonderful american education.
All the posters before me all major douchebags.
11:30 craps in his daddy’s shoes.
11:28
Canadian inferiority complex strikes again!
strangebrew,
Not so much – with the $$ @ parity, oil @ $136.83 and nattie @ $12.69 (during shoulder season!)more like superiority. Shorting the us banks and going long cdn energy and agriculture has worked out quite nicely.
That said, i have always been very pro USA as i believed they were (generally)a very postive force in the world. To have faltered so badly in the last 7 years saddens me (even thought it has and continues to make me money).
Actually Canada is still begging people from poor nations to immigrate, and yet they dont come. Given that 1:15 thinks that it is the land of milk and honey (the TERRIBLE US on the other hand is struggling to keep people out) one would wonder why?
There is something called ‘people voting with their feet’ which douches will never get.
1:15
That one was intended more as a joke you hoser. Political shortsight on both sides of the aisle has gotten us into this jam. How come you guys don’t have issues with the treehuggers preventing you from using your abundant supplies of oil/gas/timber etc? We’ve got plenty here too if the special interest groups would just let us at it.
guest @ Jun 10, 2008 9:54AM
Spot on my friend. Spot on.
Jesus Christ – this country is really fucked.
See WSJ, May 20, 2008, “You Can’t Soak the Rich” an article describing “Hauser’s Law” (though not formally labeled that, but named by the article’s author, David Ranson, after SF economist Kurt Hauser who first published the theory in 1993). Extensive, sound research shows that from 1950 (top marginal tax rate at 90%) to 2007 (top rate at 35%), regardless of what the top tax rate was, tax revenue as a percentage of GDP was…19.5%. Period. Very simple. Low tax rate = expansive economy, high tax rate = contracting economy, and hence the tax revenue generated was and always will be 19.5% of GDP. Why? GDP growth requires investment dollars, which comes from discretionary income,i.e. those people who are in the upper-income brackets. The more they have taken away in taxes, the less they have to invest, the smaller the economy (GDP). You can’t make this stuff up. Reams of data support it. This theory is well supported by both liberal and conservative economists.
Yes, we are in a bind currently with our huge deficits. Whining about it won’t help. But have you ever, ever heard a politician (either side of the aisle)talk about cutting spending, and really mean it? Not using accounting gimmicks. If they eliminated “earmarks” entirely over the next decade, that alone would get rid of 50% of the problem.
Hey IU,
I grew up in Indiana and attended a Big-10 school undergrad. Ten years later I’m bringing in $ millions/year working at one of the world’s top hedge funds. Generally, I find a large proportion of I-banking Ivy League grads to be pompous douchebags whose parents could afford to give them the label. Luckily, People also love a good Horatio Alger story.
So, chin up and Go Hoosiers!
Oh, and I’m also a chick, which is a real double whammy given comments such as the below:
“This chick thinks that because she has given blow jobs and hand jobs to guys who know something about finance and politics that she can expound on those topics.”
Please guys, grow up. It’s a symptom of your insecurity that you have to diminish women’s accomplishments just because you think you’d never been good enough for her to want to give you a blow job in the first place. And she probably knows more about finance then you, too. I know I do.
Hey IU,
I grew up in Indiana and attended a Big-10 school undergrad. Ten years later I’m bringing in $ millions/year working at one of the world’s top hedge funds. Generally, I find a large proportion of I-banking Ivy League grads to be pompous douchebags whose parents could afford to give them the label. Luckily, People also love a good Horatio Alger story.
So, chin up and Go Hoosiers!
Oh, and I’m also a chick, which is a real double whammy given comments such as the below:
“This chick thinks that because she has given blow jobs and hand jobs to guys who know something about finance and politics that she can expound on those topics.”
Please guys, grow up. It’s a symptom of your insecurity that you have to diminish women’s accomplishments just because you think you’d never been good enough for her to want to give you a blow job in the first place. And she probably knows more about finance then you, too. I know I do.
@3:17, 3:18 what are you wearing right now?
@3:23 crisp white panties and a silk robe. Sometimes I trade from home and get off on my profits ALL DAY LONG.
giggity!
@ 9:45AM “The More You Tax Something, The Less Of It You Get”.
death.
Chick from Indiana,
You’re so smart that you double-posted just to impress all the wankers.
“Bringing in $millions every year”? Hahaha. Some of what you claim you do may help to bring some revenue into you firm, maybe in the $millions even. But are you implying that your raggedy ass is sitting at home in those “crisp white panties” just watching those $millions slide into your own account?
Tell us again so we can laugh “ALL DAY LONG”.
i dont think that was really her. if it was, she was joking. either way, please stop ruining it!
3:53
You betcha:
http://online.wsj.com/article/SB121212106984832153.html
@3:58, sorry your expectations for your annual total comp are so low, but convincing yourself that others’ annual incomes couldn’t possibly equate to $millions, doesn’t make yours any higher. Time to face reality, dude. Apparently, you’ve drawn the short-end of the income stick. Now what are you going to do about it?
guest/cluzo@3:53pm,
Your guess with “Death” is not correct.
Death is not taxed; estates are. If the estate tax goes up, people will find ways to make their estates appear smaller before the tax code. Smaller estate = less. Death itself will stay the same though.
9:45am poster
All the same, ‘death’ or ‘estate’ taxes are reprehensible acts of robbery by the state. If a person has already legally earned and paid taxes, why the hell should the government claim a greater share of it?
@4:13,
Dipshit…let the panty chick from Indiana answer. She’s so self-assured and smug, she must have something up the sleeve of that silk robe. Let’s hear it.
@4:29 check out @4:12. That was me. And @3:28, too…..for kicks.
Best,
Indiana Chick
@4:29pm,
I agree with you on this point completely. “Death” tax is the most onerous tax of all. It’s all about redistribution of wealth though, and a big part of obama’s ‘Hope for Change’ program. He’ll tax more; he’ll get less.
9:45am poster
I will gladly encash my wealth in crisp benjamins and burn them instead of handing it over to a bunch of thieves. There goes their plan. Unless they institute some money burning tax……
They certainly have a money-burning and melting tax: it’s a jail sentence!!!
Destroying money in the US is illegal.
Indiana Chick…
I just tuned in here and read part of this thread.
From what I’ve seen, most women who post on db seem to make an effort at maintaing some sense of dignity in their postings. Sometimes they obviously have difficulty.
But with you, almost the first thing out of your mouth is “$millions”.
I’m sure you have no idea how immature and unappealing you seem.
The Guy from Delaware
I calling UBS, they will see to it that my tax bill goes bye bye.
I’m calling UBS for advice on the thread, they will see to it that my tax bill goes bye bye.
Hey Indiana Chick…
Don’t listen to some douches from Delaware…
They have no idea how many women post on Dealbreaker under “guest” handles. And there are lots…
I respect your “$millions”; and why should anyone care about little egos of these little shlongers who don’t know how to make a buck and want to see some “appeal”!
You, Delaware, go suck your mommie’s titty.
- New York Chick.
Sorry about posting twice. I’m ready for my punishment though.
@9:45am /4:13 pm poster – I guess the person who got his comment removed (a first for this site) didn’t quite make your cut. one question, what criteria did you to come to your conclusion? if only I could follow your posts to see where you fit on the scale. so very easy to make “bold” statements as a “guest”…
left out a word, should read: one question, what criteria did you “use” to come to your conclusion?
please forgive the omission, but then again, if I’m the “biggest a-hole” as you say, I don’t really need it (right?).
New York Chick…
Nice and crass. Magnificant condesencion. Is your name is not New York Dyke?
You sure as hell sound like one scary witch. One whose obviously alone and angry.
Indiana Chick…
Does that “thing” above sound like someone you aspire to be? If so, she’s your template. Do you think any man wants her? I doubt it unless he’s effeminite and wants to get beat-up on frequently. I think she might like your “crisp white panties” though.
The Guy from Delaware
p.s. NY Chick/Dyke…”Titty”? Hahaha. I would think that a hardass like you would use the more masculine “Tit” version. Go figure.
Let’s see. TGFD misspelled “condescension” and “effeminate.”
What does he mean by “Is your name is not New York Dyke?”
“Whose” should be “who’s.”
Other than that, the comment is moronic.
TGFD,
In my first post, I was trying to use fact and personal experience to give a nice shout out to a fellow Hoosier letting him know that just because he didn’t go to Harvard, doesn’t mean he can’t go far. It wasn’t intended to brag, but apparently YOU have an issue with women making money. Hmmmmm…..does that set off some abandonment fears in you, perhaps? Does it make you feel inferior? What are you so angry about? Whatever the case may be for you to have such a strong reaction, THANK YOU for making explicit the ludicrous double standard that somehow I’m unattractive if I’m smart or capable or make more money than you do or generally don’t want to suck your dick whenever you come calling.
I’ll take NY Chick any day. And I’ll be sure to let my husband know what an unappealing immature brat he married.
All right, I’m done posting. Too many wound-up angry man-ists in here. Good luck, NY Chick.
Indiana Chick
I must say after reading the first 30 or so post then quickly scanning the rest, it’s shocking how selfish and idiotic you Fox New watching robots are…Taxes? Ahh, would you rather be at war, have an ailing school system (public…and private is shitty in compared to other nations), fucked up economy (not due to taxes ass munches), etc etc or pay an extra % on capital gains in which I’m sure 80% of you won’t pay anyway b/c you haven’t made a successful trade/investment in your privileged life. And yes, I’m a trader, and it directly effects me.
And the Posts about keeping “the Asians”?? WTF? No wonder mainstreet thinks we (wallstreet) are a bunch of hags and douche bags.
If you’d rather have McCain as President you need your fucking head checked out, because you wouldn’t be able to get that new penthouse because a Chinese Sovereign Wealth Fund had already craved out that piece of prime ribeye US Real Estate.
This is what 1:15 lives in and the liberals want to make of the US. Thankfully, this country is not there yet. But elect BHO and the Dems, and pretty soon you will be there.
Free people with free minds here. You are also free to come here and express your douchy free opinions.
http://www.iht.com/articles/2008/06/11/america/hate.php
——-
“What we’re learning here is really the bedrock difference between the United States and the countries that are in a broad sense its legal cousins,” Steyn added. “Western governments are becoming increasingly comfortable with the regulation of opinion. The First Amendment really does distinguish the U.S., not just from Canada but from the rest of the Western world.”
“In Canada, the right to freedom of expression is not absolute, nor should it be,” the commission’s statement said
“Canadians do not have a cast-iron stomach for offensive speech,” Gratl said in a telephone interview. “We don’t subscribe to a marketplace of ideas. Americans as a whole are more tough-minded and more prepared for verbal combat.”
Good evening everyone,
This is NY Chick again, and I’d just like to add a comment to take this post to 200:
1. I like men.
2. I have never had any problems finding men; in fact, no fat Delaware ass can imagine anything as hot and classy as I am.
3. Taxes are just a bad idea. It doesn’t matter whether you are black or white or anything else. Pls refer to my post from 9:19 AM.
And please… don’t compare Canada to the US… ever… again…
I don’t care if I spelled a few words incorrectly. It means more to the clown@6:44pm than it does to me. Spelling was never popular with me anyway. So what.
Indiana chick…
Actually, You’re more immature and less appealing than I first thought. You don’t know how much money I have, nor did I ask you to suck my dick. You brought all that up.
That husband you’re so proud of must be some candyass.
First thing out of your mouth is a boast about “$millions” followed by something about “sucking dicks”. You must like to suck them when they’re available. Also, people who boast about money generally don’t have that much.
Indiana is a fucking dump anyway. I’ve been to Ft Wayne and Indianapolis. Shitholes both.
You can have NY chick/dyke. She gives me the creeps. Something tells me though that you and she might be one-in-the-same clown. She’s “Butch” and you’re “Betty”? Sounds like a good pair.
@10:17pm…
“Main St thinks Wall Streeters are a bunch of hags and douchebags.” Good line; I like it. It’s true, and I agree.
The Guy from Delaware.
NY Dyke@11:04pm…
“Hot and Classy” are you? Hahaha. That’s a new one. Crassy would be a better word choice.
You remind me of why I don’t particularly like NYC. Too many “hot & Classy” people there for this “fat? Delaware ass”. Hahaha.
Do you even have any “titties”?
“No problems finding men”? Again Hahaha. You probably find them alright, but they just run the other way as you approach.
Alone again tonite are you???
Don’t be such an agressive witch next time.
The Guy from Delaware
i hope that not everyone in Delaware is a loser
@TGFD – surely if you’re such the stud-muffin you claim to be, you have better things to do than spend your night slamming women on DB. Tons of posting last night for you, even complete sentences (sans spelling) and your last post was almost midnight. Doesn’t your poor wife want you any more?
with pity,
another New York Chick
NY Chick@11:04pm,06/11…
I went back and read again your annonymous post from 9:19am yesterday. I liked it the first time I read it. Even though you’ve now claimed ownership of it, I still like the post.
Maybe you’re not all bad.
The Guy from Delaware
Hey TGFD, does putting down random women you’ve never met on a message board make you feel good? Because it sure makes you look pathetic.
If you think Main St. is much better than Wall St., go hang out in that thriving metropolis of Dover, DE or whatever ass-fuck city you’re from and stop posting. As a Floridian, I have great respect for Wall Streeters and Manhattanites, so cheers to all you guys and TGFD can go play with his old, shriveled appendages.
Capitalist Infidel…
Thank you for your input.
The Guy from Delaware
Arggggh…
TGFD: just disappear for a while.
Go on vacation or just take a walk around Delaware.
Or, better yet, get a job!
Guest@2:42pm…
I have been accused of providing TMI (too much information), and rightly so. I’ll be brief.
Thank you for your input.
The Guy from Delaware
TGFD….you’re still posting at 3am? TOTAL LOSER!!!!!
Guest@4:02pm…
Tell me, Do you work night-shift or something? Maybe you just woke up. My post says 3:00PM, not 3:00AM.
I was up late last evening though. I did make two posts after 11pm. I might have been a bit rough on the Indiana and NY chicks. Still thinking.
I like Another NY Chick’s post @8:42am today. Thoughtful, well done. I’d like to write something decent to her. Thinking.
The Guy from Delaware
I am just posting here to take this thread up to 200 comments
second.
C’mon one more.
done
nooooo
two more
Sagaponack
there, crossed the magic barrier
still reads 198 on mine, well now 199
yup yup yup
Just did it!!!
OMG!
@TGFD, I’m still waiting — “I like Another NY Chick’s post @8:42am today. Thoughtful, well done. I’d like to write something decent to her. Thinking.”
Though I understand, you’ve been busy on other pages…
Another New York Chick
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