|
For the my credit card is free morons
wrote:
On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill" wrote: as the government has taken all available credit money from the economy Right idea, wrong bad guy. Facts say that the money is held by the richest people, who are sitting on the money and keeping it out of circulation. The government has foolishly printed more money in an attempt to put more money in the hands of those that will allow it to trickle up. That won't work. Until a sizable portion of that 85% of cash held by the richest is returned to the middle class, the economy CAN NOT get any better. It is just a mathematical fact. http://wealthfacts.org/?page_id=44 WTF? Returned to the middle class = what? Monthly checks? Lump sum (re)distribution? |
For the my credit card is free morons
iBoaterer wrote:
I didn't say the cash buyer wasn't paying those fees, on the contrary, I said the fees were built into the buyer's cost of the product. So credit cost no more than cash unless you eliminate credit entirely - which will never happen - and then the prices my drop a tiny bit? Got it. |
For the my credit card is free morons
"Califbill" wrote in message ... wrote in message ... On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill" wrote: as the government has taken all available credit money from the economy Right idea, wrong bad guy. Facts say that the money is held by the richest people, who are sitting on the money and keeping it out of circulation. The government has foolishly printed more money in an attempt to put more money in the hands of those that will allow it to trickle up. That won't work. Until a sizable portion of that 85% of cash held by the richest is returned to the middle class, the economy CAN NOT get any better. It is just a mathematical fact. http://wealthfacts.org/?page_id=44 ---------------------------- I said the credit money. Want to start a business. Yup? Well see if you can get a loan. Those trillion dollar deficits are financed with the available credit money. Very little to go to the lower echelon. History is sort of repeating in this country. 1912, 15% had 65% of the money. 65% of the people lived in poverty. The Great Depression was caused by big government and lack of controls. WW2 was both caused a lot by the depression, but it was what got the USA out of the depression. WW2 also made us the economic powerhouse for a lot of years, as most of the rest of the industrial world was in devastation. But with the elites in power, helping themselves to stay in power, and controlling government, just like now, the allowed companies to merge and build use powerful conglomerates, instead of spending their money on modernizing factories, they spent it buying competitors. Steel left the US as we both ran lower on iron ore, and had old inefficient Bessemer Process foundries. While those devastated countries rebuilt with US help with modern, more efficient factories. And while we controlled 85% of the manufacturing, the management kept overpaying the help, as their was not competition. Now we are paying the price. 60 million functional illiterates' in this country. How are we going to compete? With a dumb, lazy workforce and old factories, and a huge bloated Federal and state government, with the inefficiencies of large bureaucracies. We are screwed in this country. As we have an electorate who is voting for whomever promises the most gimmies. As to cash. There is a finite amount, and the richest probably do not have that much. They have assets. Gold, land, factories, banks. --------------------------------------------------------- Add to the mix: Many don't like to hear the "E" word, but unfortunately, it's a major part of the equation. Since 1960 Federal Government entitlement programs have grown by 727 percent. That's not a typo. 727 percent. The cost of benefits and direct payments for federal entitlement programs continues to grow at a rate of 4 percent per year. 50 percent of Americans now receive some form of federal entitlement benefit or direct payment. Both of the dominate political parties have had a hand in the growth of these programs. Note: This is in *addition* to things like Social Security payouts which are not really an "entitlement" although some like to call it that. The Federal Government doesn't earn money to pay for these programs. They distribute tax revenues ... or borrow money ... to pay for them. If banks are reluctant to lend and big corporations are reluctant to invest in expansion, you really can't expect people to voluntarily give up earned wealth or pay additional taxes so that the politicians in Washington can spend it on their favorite programs. It might be nice to think they should but it's an unrealistic expectation. We are at the point where a decision has to be made. Is this country going to continue it's march towards socialism? Or, is it going to strive to be the land of "equal opportunity"? My bet is on the former. To the liberals in the group: Don't waste your time beating me up with the "got mine, screw you" routine. That's not what I am talking about. I am talking about a much more potent and powerful trend that this country has been on and I think it's probably now too late to reverse course. |
For the my credit card is free morons
wrote in message ...
On Wed, 10 Oct 2012 18:48:39 -0700, "Califbill" wrote: wrote in message ... On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill" wrote: as the government has taken all available credit money from the economy Right idea, wrong bad guy. Facts say that the money is held by the richest people, who are sitting on the money and keeping it out of circulation. The government has foolishly printed more money in an attempt to put more money in the hands of those that will allow it to trickle up. That won't work. Until a sizable portion of that 85% of cash held by the richest is returned to the middle class, the economy CAN NOT get any better. It is just a mathematical fact. http://wealthfacts.org/?page_id=44 ---------------------------- I said the credit money. Want to start a business. Yup? Well see if you can get a loan. Those trillion dollar deficits are financed with the available credit money. Very little to go to the lower echelon. History is sort of repeating in this country. 1912, 15% had 65% of the money. 65% of the people lived in poverty. The Great Depression was caused by big government and lack of controls. WW2 was both caused a lot by the depression, but it was what got the USA out of the depression. WW2 also made us the economic powerhouse for a lot of years, as most of the rest of the industrial world was in devastation. But with the elites in power, helping themselves to stay in power, and controlling government, just like now, the allowed companies to merge and build use powerful conglomerates, instead of spending their money on modernizing factories, they spent it buying competitors. Steel left the US as we both ran lower on iron ore, and had old inefficient Bessemer Process foundries. While those devastated countries rebuilt with US help with modern, more efficient factories. And while we controlled 85% of the manufacturing, the management kept overpaying the help, as their was not competition. Now we are paying the price. 60 million functional illiterates' in this country. How are we going to compete? With a dumb, lazy workforce and old factories, and a huge bloated Federal and state government, with the inefficiencies of large bureaucracies. We are screwed in this country. As we have an electorate who is voting for whomever promises the most gimmies. As to cash. There is a finite amount, and the richest probably do not have that much. They have assets. Gold, land, factories, banks. Really? At the end of WWII, what was the tax rate on the wealthiest Americans? Or, better yet, what was the approximate tax rate from 1936 until 1964? Hint: it was more than twice what it is claimed to be, now, but Romney (as a typical example) paid one third of that amount! Nice FAUX news position, unfortunately, it ignores the facts. http://www.taxpolicycenter.org/taxfa....cfm?Docid=213 ----------------------------------------- That 70% tax rate was a fallacy really. I do not know how old you are, but in those days there was lots more deductions. LOTS! For the middle class and lower, you got a deduction for Sales Tax. Plus if you made a major purchase, that was added to the tax table interest deduction. You got Credit Card interest, and any consumer loan interest. You got a standard deduction that adjusted for inflation was probably higher than now. Medical was a better deduction then. How many actually paid anything at 70%? And even if you did not deduct anything now, you will never pay 35% on your income. That is the top tier. Any money you made less than the top tier is taxed at a lower amount. 14% is actually pretty high percentage these days. Most of us in the middle class are probably in the less than 10% range. And lots of Romney's money was at the qualified dividend rate of 15% which means the money was already taxed at a high rate before it was distributed. |
For the my credit card is free morons
In article ,
says... wrote in message ... On Wed, 10 Oct 2012 18:48:39 -0700, "Califbill" wrote: wrote in message ... On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill" wrote: as the government has taken all available credit money from the economy Right idea, wrong bad guy. Facts say that the money is held by the richest people, who are sitting on the money and keeping it out of circulation. The government has foolishly printed more money in an attempt to put more money in the hands of those that will allow it to trickle up. That won't work. Until a sizable portion of that 85% of cash held by the richest is returned to the middle class, the economy CAN NOT get any better. It is just a mathematical fact. http://wealthfacts.org/?page_id=44 ---------------------------- I said the credit money. Want to start a business. Yup? Well see if you can get a loan. Those trillion dollar deficits are financed with the available credit money. Very little to go to the lower echelon. History is sort of repeating in this country. 1912, 15% had 65% of the money. 65% of the people lived in poverty. The Great Depression was caused by big government and lack of controls. WW2 was both caused a lot by the depression, but it was what got the USA out of the depression. WW2 also made us the economic powerhouse for a lot of years, as most of the rest of the industrial world was in devastation. But with the elites in power, helping themselves to stay in power, and controlling government, just like now, the allowed companies to merge and build use powerful conglomerates, instead of spending their money on modernizing factories, they spent it buying competitors. Steel left the US as we both ran lower on iron ore, and had old inefficient Bessemer Process foundries. While those devastated countries rebuilt with US help with modern, more efficient factories. And while we controlled 85% of the manufacturing, the management kept overpaying the help, as their was not competition. Now we are paying the price. 60 million functional illiterates' in this country. How are we going to compete? With a dumb, lazy workforce and old factories, and a huge bloated Federal and state government, with the inefficiencies of large bureaucracies. We are screwed in this country. As we have an electorate who is voting for whomever promises the most gimmies. As to cash. There is a finite amount, and the richest probably do not have that much. They have assets. Gold, land, factories, banks. Really? At the end of WWII, what was the tax rate on the wealthiest Americans? Or, better yet, what was the approximate tax rate from 1936 until 1964? Hint: it was more than twice what it is claimed to be, now, but Romney (as a typical example) paid one third of that amount! Nice FAUX news position, unfortunately, it ignores the facts. http://www.taxpolicycenter.org/taxfa....cfm?Docid=213 ----------------------------------------- That 70% tax rate was a fallacy really. I do not know how old you are, but in those days there was lots more deductions. LOTS! For the middle class and lower, you got a deduction for Sales Tax. Plus if you made a major purchase, that was added to the tax table interest deduction. You got Credit Card interest, and any consumer loan interest. You got a standard deduction that adjusted for inflation was probably higher than now. Medical was a better deduction then. How many actually paid anything at 70%? And even if you did not deduct anything now, you will never pay 35% on your income. That is the top tier. Any money you made less than the top tier is taxed at a lower amount. 14% is actually pretty high percentage these days. Most of us in the middle class are probably in the less than 10% range. And lots of Romney's money was at the qualified dividend rate of 15% which means the money was already taxed at a high rate before it was distributed. If it didn't affect anyone or only a few, why did it exist? |
For the my credit card is free morons
wrote:
On Thu, 11 Oct 2012 19:47:22 -0400, Earl wrote: wrote: On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill" wrote: as the government has taken all available credit money from the economy Right idea, wrong bad guy. Facts say that the money is held by the richest people, who are sitting on the money and keeping it out of circulation. The government has foolishly printed more money in an attempt to put more money in the hands of those that will allow it to trickle up. That won't work. Until a sizable portion of that 85% of cash held by the richest is returned to the middle class, the economy CAN NOT get any better. It is just a mathematical fact. http://wealthfacts.org/?page_id=44 WTF? Returned to the middle class = what? Monthly checks? Lump sum (re)distribution? It doesn't matter. If you had ever owned a business this would be abundantly clear. You can't borrow money, you can't hire more employees, you can't do ANYTHING unless money is available. With all of the available money hoarded by just a few people, the economy has simply ground to a halt and will stay there until there is money in the hands of the people that actually spend it and keep it circulating. Call it whatever distasteful name you wish. Make it happen however you can image, but the reality is that it MUST happen to fix the economy. Your first paragraph is loaded with errors in basic economics. At lease we agree that the redistribution of wealth is distasteful. It is also wrong in a democracy. |
For the my credit card is free morons
In article , earl82985
@hotmail.com says... wrote: On Thu, 11 Oct 2012 19:47:22 -0400, Earl wrote: wrote: On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill" wrote: as the government has taken all available credit money from the economy Right idea, wrong bad guy. Facts say that the money is held by the richest people, who are sitting on the money and keeping it out of circulation. The government has foolishly printed more money in an attempt to put more money in the hands of those that will allow it to trickle up. That won't work. Until a sizable portion of that 85% of cash held by the richest is returned to the middle class, the economy CAN NOT get any better. It is just a mathematical fact. http://wealthfacts.org/?page_id=44 WTF? Returned to the middle class = what? Monthly checks? Lump sum (re)distribution? It doesn't matter. If you had ever owned a business this would be abundantly clear. You can't borrow money, you can't hire more employees, you can't do ANYTHING unless money is available. With all of the available money hoarded by just a few people, the economy has simply ground to a halt and will stay there until there is money in the hands of the people that actually spend it and keep it circulating. Call it whatever distasteful name you wish. Make it happen however you can image, but the reality is that it MUST happen to fix the economy. Your first paragraph is loaded with errors in basic economics. At lease we agree that the redistribution of wealth is distasteful. It is also wrong in a democracy. Forced redistribution of wealth is immoral. |
For the my credit card is free morons
BAR wrote:
In article , earl82985 @hotmail.com says... wrote: On Thu, 11 Oct 2012 19:47:22 -0400, Earl wrote: wrote: On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill" wrote: as the government has taken all available credit money from the economy Right idea, wrong bad guy. Facts say that the money is held by the richest people, who are sitting on the money and keeping it out of circulation. The government has foolishly printed more money in an attempt to put more money in the hands of those that will allow it to trickle up. That won't work. Until a sizable portion of that 85% of cash held by the richest is returned to the middle class, the economy CAN NOT get any better. It is just a mathematical fact. http://wealthfacts.org/?page_id=44 WTF? Returned to the middle class = what? Monthly checks? Lump sum (re)distribution? It doesn't matter. If you had ever owned a business this would be abundantly clear. You can't borrow money, you can't hire more employees, you can't do ANYTHING unless money is available. With all of the available money hoarded by just a few people, the economy has simply ground to a halt and will stay there until there is money in the hands of the people that actually spend it and keep it circulating. Call it whatever distasteful name you wish. Make it happen however you can image, but the reality is that it MUST happen to fix the economy. Your first paragraph is loaded with errors in basic economics. At lease we agree that the redistribution of wealth is distasteful. It is also wrong in a democracy. Forced redistribution of wealth is immoral. That, too. |
For the my credit card is free morons
On 10/11/2012 7:43 AM, iBoaterer wrote:
I didn't say the cash buyer wasn't paying those fees, on the contrary, I said the fees were built into the buyer's cost of the product. That right there is the crux of all the bull**** argument you have perpetrated. You knew from the beginning when we said using our credit card didn't cost us, we were saying it was the same as paying cash. You have been playing a game of semantics for a week when you knew what our side was saying. Troll! Mikek |
| All times are GMT +1. The time now is 07:06 AM. |
Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004 - 2014 BoatBanter.com