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Idiots who support taxing the wealthy

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askbob
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1/18/2011 1:24:34 PM
Posted: 2 years ago
At 1/18/2011 1:11:25 PM, Caramel wrote:
If you took the median income of a McDonald's employee/working class citizen you wouldn't get a $40k answer.

If you took the median age of a McDonald's employee it would be a highschool student working part time. The ones who work full time are typically only the managers.

And the 120 hours/week is pretty ridiculous; that may be what some people do but these are extreme outliers on the whole. There are only 168 hours in a week so it would be physically impossible to work 120 hours and have time for basic tasks like eating, cleaning, driving, and sleeping.

They eat in the office, hire people to clean, hire people to drive them, and sleep in the car and get about 6-7 hours per night of sleep.

It's an outlier that exists and is used purposefully because it is extreme. It's to show how ridiculous it is that more work = higher tax %. Essentially our tax system is punishing those who work harder not making things equal.

Secondly I am irritated because I used to have a manager at Olive Garden (The General Manager) who liked to brag that he made less per hour than the servers when you took into consideration the extra hours he put in (similar to your analysis). Both you and my former manager seem pompous in your analogies; he for example didn't have to deal with customer after customer ordering him around for drinks and being rude and demeaning. He's not scrubbing table-tops and running around like a chicken with his head cut off. There is a quality and liberation that certain tasks entail that others don't. People always complain about the long hours and work doctors have to put in, but look at the prestige and admiration they enjoy... look at the sense of accomplishment and the position of intellectual authority they have earned.

Here's something that might help you in life Caramel: Most people don't give a shitt about the prestige and could care less what they actually do. Most people work for the money, and it's ridiculous that as a government we are cheating out the hardest working and brightest individuals to subsidize the habits of the lazy and uneducated.

Even if Doctors made straight out less per hour than a burger flipper, it makes no sense that the doctor should complain about his remuneration (provided he is not being choked of his basic needs). I detest this one-dimensional approach to social utility that right-wingers take in which money is absolutely all that matters; as if economic gains are this religious calling that is not questionable and we have an intrinsic moral duty to grow the economy no matter how drastic the costs.

We do, and it is despite your belief that we should all just rejoice in being handed measly salaries because the career is intellectually stimulating. That's complete crap. No one gets thousands upon thousands of dollars of utility from working. The quality of the workplace isn't a sufficient argument to make up for the large amount of taxes being sucked out of some of the most brilliant and hard working individuals.
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Me - i was being completely sarcastic
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askbob
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1/18/2011 1:26:47 PM
Posted: 2 years ago
At 1/18/2011 1:17:15 PM, Caramel wrote:
1. We should be fiscally irresponsible and just be happy with socialism.
2. This will make us happier
3. Capitalism is bad.

Good point dude.
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kohai -If you're the owner, then do something useful like ip block him and get us away from juggle and on a dofferent host!
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Me - i was being completely sarcastic
Kohai - then u misrepresented yourself by impersonating the owner—a violation of the tos
askbob
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1/18/2011 2:43:14 PM
Posted: 2 years ago
At 1/18/2011 4:23:43 AM, Zetsubou wrote:
92,003.96 / 6394.5 = $14.38 per hour.

With the following taxes being taken off,

Federal Withholding $6,084.50

Social Security $1,761.40

Medicar $608.10

Pennsylvania $1,287.50

PA SUI $33.55

His Net Salary is: $32,162.95

What?

Gross = Pre taxation
Net = Post Taxation
Me -Phil left the site in my charge. I have a recorded phone conversation to prove it.
kohai -If you're the owner, then do something useful like ip block him and get us away from juggle and on a dofferent host!
Me -haha you apparently don't know my history
Kohai - Maybe not, but that doesn't matter! You shoukd still listen to your community and quit being a tyrrant!
Me - i was being completely sarcastic
Kohai - then u misrepresented yourself by impersonating the owner—a violation of the tos
TheAtheistAllegiance
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1/18/2011 3:08:14 PM
Posted: 2 years ago
At 1/17/2011 9:58:02 PM, askbob wrote:
At 1/17/2011 9:55:57 PM, TheAtheistAllegiance wrote:
At 1/17/2011 9:54:02 PM, askbob wrote:
At 1/17/2011 9:51:33 PM, TheAtheistAllegiance wrote:
At 1/17/2011 9:44:48 PM, askbob wrote:
At 1/17/2011 9:37:02 PM, TheAtheistAllegiance wrote:

Yes I have how does that have anything to do with what a banker gets paid and taxed?

It has to do with your ridiculous average that's supposedly 130.5 hours a week, not including the other life activities I listed. I'm stating that it's literally impossible for a human being to perform all of this on 3-4 hours of sleep.

Also, you ignored my source, which posted the REAL weekly averages.
askbob
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1/18/2011 3:27:08 PM
Posted: 2 years ago
At 1/18/2011 3:08:14 PM, TheAtheistAllegiance wrote:
At 1/17/2011 9:58:02 PM, askbob wrote:
At 1/17/2011 9:55:57 PM, TheAtheistAllegiance wrote:
At 1/17/2011 9:54:02 PM, askbob wrote:
At 1/17/2011 9:51:33 PM, TheAtheistAllegiance wrote:
At 1/17/2011 9:44:48 PM, askbob wrote:
At 1/17/2011 9:37:02 PM, TheAtheistAllegiance wrote:

Yes I have how does that have anything to do with what a banker gets paid and taxed?

It has to do with your ridiculous average that's supposedly 130.5 hours a week, not including the other life activities I listed. I'm stating that it's literally impossible for a human being to perform all of this on 3-4 hours of sleep.

Sleeping in the car and hiring people.

Question answered.
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Kohai - Maybe not, but that doesn't matter! You shoukd still listen to your community and quit being a tyrrant!
Me - i was being completely sarcastic
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Danielle
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1/18/2011 4:23:02 PM
Posted: 2 years ago
At 1/18/2011 1:15:31 PM, askbob wrote:
That adds absolutely nothing to the discussion of taxation for which the entire subject illustrates.

Yeah, no sh!t. That was my entire point, and I specifically highlighted that at the beginning of my "tangent." My point was that your perception of the real world is entirely delusional (even if taxes ARE bad) -- a point I thoroughly maintain after your response or lack thereof.
Caramel
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1/18/2011 7:46:02 PM
Posted: 2 years ago
At 1/18/2011 1:24:34 PM, askbob wrote:
At 1/18/2011 1:11:25 PM, Caramel wrote:
If you took the median income of a McDonald's employee/working class citizen you wouldn't get a $40k answer.

If you took the median age of a McDonald's employee it would be a highschool student working part time. The ones who work full time are typically only the managers.

Is that the pretty picture you paint yourself to be able to continue on without any remorse? There are part time kids that work there, sure, but there are also a large amount of adults who are depending on these jobs to support their family. These people are potentially much more valuable to society than simply working the beck and call of lazy people who need a cheap non-nutritive low-quality meal.

These jobs cause a lot of unnecessary stress in the workers that are performing them. No one chooses fast food because they WANT to... and the fact that autistic people often qualify for fast-food gives you a picture of how challenging and stimulating they are. I used to work along side an autistic guy and he didn't like the job any more than any of us.

And the 120 hours/week is pretty ridiculous; that may be what some people do but these are extreme outliers on the whole. There are only 168 hours in a week so it would be physically impossible to work 120 hours and have time for basic tasks like eating, cleaning, driving, and sleeping.

They eat in the office, hire people to clean, hire people to drive them, and sleep in the car and get about 6-7 hours per night of sleep.

So you're saying these idiots hire people to do everything short of wipe their asses for them in order for them to relentlessly embark in overly useless activities (banking)? It's nice to know they are making other people miserable while they destroy their own lives playing money games. But money is a resource so hey...

It's an outlier that exists and is used purposefully because it is extreme. It's to show how ridiculous it is that more work = higher tax %. Essentially our tax system is punishing those who work harder not making things equal.

We have to; those who work harder consume exponentially more from others, so it becomes natural to want to tax them so they don't have everyone running around like idiots driving them around, wiping their asses and rubbing their shoulders. They are tremendously wasteful.

Secondly I am irritated because I used to have a manager at Olive Garden (The General Manager) who liked to brag that he made less per hour than the servers when you took into consideration the extra hours he put in (similar to your analysis). Both you and my former manager seem pompous in your analogies; he for example didn't have to deal with customer after customer ordering him around for drinks and being rude and demeaning. He's not scrubbing table-tops and running around like a chicken with his head cut off. There is a quality and liberation that certain tasks entail that others don't. People always complain about the long hours and work doctors have to put in, but look at the prestige and admiration they enjoy... look at the sense of accomplishment and the position of intellectual authority they have earned.


Here's something that might help you in life Caramel: Most people don't give a shitt about the prestige and could care less what they actually do. Most people work for the money, and it's ridiculous that as a government we are cheating out the hardest working and brightest individuals to subsidize the habits of the lazy and uneducated.

Your comments to do not reflect real life. If people don't care about prestige, why buy a flashy car? Who here wouldn't buy a flashy car if given half a chance? Your statements are internally contradictory; the money they work for is used to gain the prestige you say they don't care about.

Even if Doctors made straight out less per hour than a burger flipper, it makes no sense that the doctor should complain about his remuneration (provided he is not being choked of his basic needs). I detest this one-dimensional approach to social utility that right-wingers take in which money is absolutely all that matters; as if economic gains are this religious calling that is not questionable and we have an intrinsic moral duty to grow the economy no matter how drastic the costs.

We do, and it is despite your belief that we should all just rejoice in being handed measly salaries because the career is intellectually stimulating. That's complete crap. No one gets thousands upon thousands of dollars of utility from working. The quality of the workplace isn't a sufficient argument to make up for the large amount of taxes being sucked out of some of the most brilliant and hard working individuals.

You are 180 degrees wrong on all counts. You should be rejoicing that you aren't stuck in a factory all day, stuck doing stressful customer service positions, or having to be someone's driver or servant. Obviously you chose to succeed past these positions for more than just the fact that they don't pay well.

And the quality of the workplace is a sufficient argument to make up for higher taxes; you said it yourself that these people spend 120 hours a week in the workplace. After accounting for sleep, that's like 95% of your week. So there's no value to having good quality in 95% of your waking life? Just like my former pompous boss, he doesn't think through the fact that if all these extra hours were spent doing the hard work (waiting tables, cleaning, etc) then it would be a whole lot harder of a life than they could imagine. Spending an hour on a business lunch is different than spending it mopping floors.
no comment
Caramel
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1/19/2011 10:05:41 AM
Posted: 2 years ago
At 1/18/2011 1:26:47 PM, askbob wrote:
At 1/18/2011 1:17:15 PM, Caramel wrote:
1. We should be fiscally irresponsible and just be happy with socialism.
2. This will make us happier
3. Capitalism is bad.

Good point dude.

Why thank you.

Askbob wrote:
1. If you want to be successful give your money to the rich.
2. The rich are shepherds to the poor and create jobs to do like being able to drive them around and cook meals for them. If you work hard and play by the rules, you may capture the chance to become a pig yourself.
3. Pay no attention to the rich capitalist in the BMW and the business suit; it's THOSE DAMNED MCDONALD'S EMPLOYEES WHO ARE SUCKING IN ALL THE CASH. Hate them for being lazy and not working so hard. Hate the bleeding heart liberals who are trying to meddle in a financial system they know nothing about and who are actually causing more strife than there needs to be.
no comment
askbob
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1/19/2011 11:41:36 AM
Posted: 2 years ago
At 1/19/2011 10:05:41 AM, Caramel wrote:
Askbob wrote:
1. If you want to be successful give your money to the rich.
2. The rich are shepherds to the poor and create jobs to do like being able to drive them around and cook meals for them. If you work hard and play by the rules, you may capture the chance to become a pig yourself.
3. Pay no attention to the rich capitalist in the BMW and the business suit; it's THOSE DAMNED MCDONALD'S EMPLOYEES WHO ARE SUCKING IN ALL THE CASH. Hate them for being lazy and not working so hard. Hate the bleeding heart liberals who are trying to meddle in a financial system they know nothing about and who are actually causing more strife than there needs to be.

Lol good try their bro but I'm not advocating than anyone gives all their money to the rich.

Let me correct your grammar

At 1/19/2011 10:05:41 AM, Caramel wrote:
Askbob wrote:
1. If you want to be successful work hard.
2. Don't be an idiot and steal others hard earned work
3. Pay attention to the rich capitalist in the BMW and the business suit; he's rich because he's more intelligent and more hard working than you.
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Kohai - Maybe not, but that doesn't matter! You shoukd still listen to your community and quit being a tyrrant!
Me - i was being completely sarcastic
Kohai - then u misrepresented yourself by impersonating the owner—a violation of the tos
Veridas
Posts: 701
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1/19/2011 7:09:46 PM
Posted: 2 years ago
Ok lets see now...

Askbob you can just suck out my farts and die.

Grape, you don't seem to realise that it wasn't a sterotype, someone who goes to an Ivy League school and scores a 130K a year job RIGHT out of Uni? In this economic climate? The phrase "It's not what you know, it's who you know" comes to mind and frankly either that kid has the best connections this side of the pacific or Mommy and Daddy have been pouring honey into people's ears. That is not something that working class parents can do quiiiiiiite as easily as, oh I don't know, the average company Directoror CEO, for instance.

Gavin, I did the math, I would not earn 130K a year if I worked 120 hours a week, especially not after you include the fact that I'm not privvy to bank accounts in overseas tax havens or anything of the sort. Hell, I only work a quarter of those hours and I earn about a tenth of that. Stop being a moron now, you do have some potential.

All this of course ignoring the already raised point of the absurdity of working 120 hour weeks.

Plus the fact that none of what any of you said discounts any individual point at all.

I know you want to feel like you're sticking it to the wealthy guy, but honestly I...oh...wait...what's this?

http://en.wikipedia.org...

Funny how the words "Ivy League" are only used to refer to the poorest of the rich (which, funnily enough, are still stinking rich.)

The entire idea behind this thread is sickening, and frankly I want to shoot every last one of you for protracting this unnecessarily. In fact I'd shoot myself, then you, to ensure I'm not accused of hypocrisy.

I am a zombie.

Rawr.
askbob
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1/19/2011 7:25:28 PM
Posted: 2 years ago
At 1/19/2011 7:09:46 PM, Veridas wrote:
Look at me I am retarded

kk
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kohai -If you're the owner, then do something useful like ip block him and get us away from juggle and on a dofferent host!
Me -haha you apparently don't know my history
Kohai - Maybe not, but that doesn't matter! You shoukd still listen to your community and quit being a tyrrant!
Me - i was being completely sarcastic
Kohai - then u misrepresented yourself by impersonating the owner—a violation of the tos
juvanya
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1/20/2011 2:17:16 AM
Posted: 2 years ago
At 1/17/2011 5:49:22 PM, askbob wrote:
Now as we've stated John works 120 hours a week. However he lives in the city and has an 45 minute commute which equals 1 1/2 hours per day to and from. This increases his weekly hours (he works sat and sunday) to 10.5 hours commute + 120 hour work = 130.5 hours
When the f/ck does he sleep??
rogue
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1/20/2011 2:29:41 AM
Posted: 2 years ago
Did you know that for most of the twentieth century the tax on the rich was 93%? AND THEY WERE STILL RICH. too little have too much while too many have too little. Also, Bush the first and Reagan cut taxes on the rich and the economy suffered. Clinton upped taxes on them and the economy went into surplus. Bush the second cut taxes on the rich. Hmmm...where are we now economically?
FREEDO
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1/20/2011 2:46:06 AM
Posted: 2 years ago
At 1/20/2011 2:29:41 AM, rogue wrote:
Did you know that for most of the twentieth century the tax on the rich was 93%? AND THEY WERE STILL RICH. too little have too much while too many have too little. Also, Bush the first and Reagan cut taxes on the rich and the economy suffered. Clinton upped taxes on them and the economy went into surplus. Bush the second cut taxes on the rich. Hmmm...where are we now economically?

40s-60s isn't most and that's only income tax. Income tax was and still is relatively low compared to sales tax, which is regressive.
Your highly adored emperor/dictator/grand-poobah/all that good stuff.

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rogue
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1/20/2011 3:04:43 AM
Posted: 2 years ago
At 1/20/2011 2:46:06 AM, FREEDO wrote:
At 1/20/2011 2:29:41 AM, rogue wrote:
Did you know that for most of the twentieth century the tax on the rich was 93%? AND THEY WERE STILL RICH. too little have too much while too many have too little. Also, Bush the first and Reagan cut taxes on the rich and the economy suffered. Clinton upped taxes on them and the economy went into surplus. Bush the second cut taxes on the rich. Hmmm...where are we now economically?

40s-60s isn't most and that's only income tax. Income tax was and still is relatively low compared to sales tax, which is regressive.

My American History textbook said until the late 70's. The point was that the income tax was three times as high then and those people were still rich. Maybe if we went back to that our economy would be better.
FREEDO
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1/20/2011 3:14:32 AM
Posted: 2 years ago
At 1/20/2011 3:04:43 AM, rogue wrote:
At 1/20/2011 2:46:06 AM, FREEDO wrote:
At 1/20/2011 2:29:41 AM, rogue wrote:
Did you know that for most of the twentieth century the tax on the rich was 93%? AND THEY WERE STILL RICH. too little have too much while too many have too little. Also, Bush the first and Reagan cut taxes on the rich and the economy suffered. Clinton upped taxes on them and the economy went into surplus. Bush the second cut taxes on the rich. Hmmm...where are we now economically?

40s-60s isn't most and that's only income tax. Income tax was and still is relatively low compared to sales tax, which is regressive.

My American History textbook said until the late 70's. The point was that the income tax was three times as high then and those people were still rich. Maybe if we went back to that our economy would be better.

Progressives and I have very similar outlooks but two very different remedies.
The Progressives think to themselves "How can I make the system more bearable?"
The Anarchist thinks to themselves "How can I make a new system?"

Indeed, it is my opinion that, besides the Capitalist system itself, there has been no greater enemy to Socialism than that of Progressivism. It was born during a time of great uprising for the sole purpose of making people more comfortable with the system that leeches their humanity.
Your highly adored emperor/dictator/grand-poobah/all that good stuff.

Vice-President to the honorable Airmax adminstration, as well.

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Korashk
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1/20/2011 3:32:47 AM
Posted: 2 years ago
At 1/17/2011 6:44:20 PM, OreEle wrote:
You are not going to get a manager position right out of high school, even with 4 years of PT experience.

This might have been addressed, but yes you can.

How many managers at mickey dees (or any fast food industry) are 18 years olds right out of high school? That's on par?

According to zGodMode (he works at T-Bell) two of his current managers are in or right out of HS, his brother was a manager right out of HS, and his sister was a manager BEFORE graduating HS.
When large numbers of otherwise-law abiding people break specific laws en masse, it's usually a fault that lies with the law. - Unknown
rogue
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1/20/2011 3:33:26 AM
Posted: 2 years ago
At 1/20/2011 3:14:32 AM, FREEDO wrote:
At 1/20/2011 3:04:43 AM, rogue wrote:
At 1/20/2011 2:46:06 AM, FREEDO wrote:
At 1/20/2011 2:29:41 AM, rogue wrote:
Did you know that for most of the twentieth century the tax on the rich was 93%? AND THEY WERE STILL RICH. too little have too much while too many have too little. Also, Bush the first and Reagan cut taxes on the rich and the economy suffered. Clinton upped taxes on them and the economy went into surplus. Bush the second cut taxes on the rich. Hmmm...where are we now economically?

40s-60s isn't most and that's only income tax. Income tax was and still is relatively low compared to sales tax, which is regressive.

My American History textbook said until the late 70's. The point was that the income tax was three times as high then and those people were still rich. Maybe if we went back to that our economy would be better.

Progressives and I have very similar outlooks but two very different remedies.
The Progressives think to themselves "How can I make the system more bearable?"
The Anarchist thinks to themselves "How can I make a new system?"

Indeed, it is my opinion that, besides the Capitalist system itself, there has been no greater enemy to Socialism than that of Progressivism. It was born during a time of great uprising for the sole purpose of making people more comfortable with the system that leeches their humanity.

So you are also pro socialism?
Caramel
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1/20/2011 9:15:48 AM
Posted: 2 years ago
So you are also pro socialism?

Freedo and I are anarchists who don't believe capitalism is overly helpful to society.
no comment
askbob
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1/20/2011 11:29:49 AM
Posted: 2 years ago
At 1/20/2011 2:17:16 AM, juvanya wrote:
At 1/17/2011 5:49:22 PM, askbob wrote:
Now as we've stated John works 120 hours a week. However he lives in the city and has an 45 minute commute which equals 1 1/2 hours per day to and from. This increases his weekly hours (he works sat and sunday) to 10.5 hours commute + 120 hour work = 130.5 hours
When the f/ck does he sleep??

http://www.amazon.com...
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kohai -If you're the owner, then do something useful like ip block him and get us away from juggle and on a dofferent host!
Me -haha you apparently don't know my history
Kohai - Maybe not, but that doesn't matter! You shoukd still listen to your community and quit being a tyrrant!
Me - i was being completely sarcastic
Kohai - then u misrepresented yourself by impersonating the owner—a violation of the tos
askbob
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1/20/2011 11:30:48 AM
Posted: 2 years ago
At 1/20/2011 2:29:41 AM, rogue wrote:
Income Tax Policy = the entirety of economics

Ok rogue
Me -Phil left the site in my charge. I have a recorded phone conversation to prove it.
kohai -If you're the owner, then do something useful like ip block him and get us away from juggle and on a dofferent host!
Me -haha you apparently don't know my history
Kohai - Maybe not, but that doesn't matter! You shoukd still listen to your community and quit being a tyrrant!
Me - i was being completely sarcastic
Kohai - then u misrepresented yourself by impersonating the owner—a violation of the tos
Danielle
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1/20/2011 1:52:21 PM
Posted: 2 years ago
At 1/20/2011 9:15:48 AM, Caramel wrote:
So you are also pro socialism?

Freedo and I are anarchists who don't believe capitalism is overly helpful to society.

So is Vi.
Ore_Ele
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1/20/2011 1:57:36 PM
Posted: 2 years ago
At 1/20/2011 3:32:47 AM, Korashk wrote:
At 1/17/2011 6:44:20 PM, OreEle wrote:
You are not going to get a manager position right out of high school, even with 4 years of PT experience.

This might have been addressed, but yes you can.

How many managers at mickey dees (or any fast food industry) are 18 years olds right out of high school? That's on par?

According to zGodMode (he works at T-Bell) two of his current managers are in or right out of HS, his brother was a manager right out of HS, and his sister was a manager BEFORE graduating HS.

As a manager, making $40k a year. Or as a manager in title? I've been a manager for 3 different places now, in title and responsibility only, still making only $9 an hour (part of the reason I left).
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TheAtheistAllegiance
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1/20/2011 3:30:01 PM
Posted: 2 years ago
At 1/20/2011 3:04:43 AM, rogue wrote:
At 1/20/2011 2:46:06 AM, FREEDO wrote:
At 1/20/2011 2:29:41 AM, rogue wrote:

My American History textbook said until the late 70's. The point was that the income tax was three times as high then and those people were still rich. Maybe if we went back to that our economy would be better.

The tax rate was around 90% from the 1940's until the early 60's, when JFK cut it down to 70%. It remained around there until Reagan cut it intermittently, eventually reaching 28%. HW and Clinton cumulatively moved it back up to 39.6%, which was then brought down to 33% by W.

Keep in mind, the economy actually soared under Reagan. This can be attributed to many reasons, and I think the tax cuts did help -- at least a little.
askbob
Posts: 7,254
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1/20/2011 3:31:33 PM
Posted: 2 years ago
At 1/20/2011 3:30:01 PM, TheAtheistAllegiance wrote:
At 1/20/2011 3:04:43 AM, rogue wrote:

Tax policy = entirety of economics


Woah rogue that like totally makes sense. Probably a direct correlation with high taxes on the rich.
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gavin.ogden
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1/20/2011 3:52:52 PM
Posted: 2 years ago
At 1/20/2011 2:29:41 AM, rogue wrote:
Did you know that for most of the twentieth century the tax on the rich was 93%? AND THEY WERE STILL RICH. too little have too much while too many have too little. Also, Bush the first and Reagan cut taxes on the rich and the economy suffered. Clinton upped taxes on them and the economy went into surplus. Bush the second cut taxes on the rich. Hmmm...where are we now economically?

Rogue, it seems to me that you are fairly uneducated in regards to economics. Am I right? If so, I recommend that you study an actual economics text book, instead of a history book. Do you know when our economy started to become what it is today? When we came off the gold standard. Are you familiar with the concept of the gold standard and the federal reserve? If not, you should, because it may give you a stronger foundation of this subject. Cutting taxes for the rich has nothing to do with the state of our economy. The problem is that our money is worthless, and we are spending out of control on wars, and social programs. Seriously, do a little research on your own, instead of just throwing around unsubstantiated opinions. Notice the title of the thread, you know what I mean?
Caramel
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1/20/2011 4:37:48 PM
Posted: 2 years ago
At 1/20/2011 1:52:21 PM, theLwerd wrote:
At 1/20/2011 9:15:48 AM, Caramel wrote:
So you are also pro socialism?

Freedo and I are anarchists who don't believe capitalism is overly helpful to society.

So is Vi.

She's anarchist and anti-capitalist? Not too many of these diamonds in the rough.
no comment
TheAtheistAllegiance
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1/20/2011 9:33:54 PM
Posted: 2 years ago
At 1/20/2011 3:52:52 PM, gavin.ogden wrote:
At 1/20/2011 2:29:41 AM, rogue wrote:

Rogue, it seems to me that you are fairly uneducated in regards to economics. Am I right? If so, I recommend that you study an actual economics text book, instead of a history book. Do you know when our economy started to become what it is today? When we came off the gold standard. Are you familiar with the concept of the gold standard and the federal reserve? If not, you should, because it may give you a stronger foundation of this subject. Cutting taxes for the rich has nothing to do with the state of our economy. The problem is that our money is worthless, and we are spending out of control on wars, and social programs. Seriously, do a little research on your own, instead of just throwing around unsubstantiated opinions. Notice the title of the thread, you know what I mean?

Speaking of which, take some of your own advice and quit just regurgitating Ron Paul talking points. The financial sector was even more unstable before the Federal Reserve existed, and wealthy private individuals were actually bailing out institutions to keep the economy from going under. The situation was ridiculous, which is why the Fed was created in the first place.
timbeech
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1/22/2011 6:45:03 PM
Posted: 2 years ago
The situation was ridiculous, which is why the Fed was created in the first place.

I'd like to come out of nowhere here and say that below is why the Fed was created:

"It was created by Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system." [1]

While you are mostly correct in what you asserting it is by no means the ONLY reason that the Fed was created.

Depending on your level cynicism about government websites I believe this to be a good source.

Source:
1. http://www.federalreserve.gov...
TheAtheistAllegiance
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1/22/2011 8:18:34 PM
Posted: 2 years ago
At 1/22/2011 6:45:03 PM, timbeech wrote:
The situation was ridiculous, which is why the Fed was created in the first place.

I'd like to come out of nowhere here and say that below is why the Fed was created:

"It was created by Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system." [1]

While you are mostly correct in what you asserting it is by no means the ONLY reason that the Fed was created.

Depending on your level cynicism about government websites I believe this to be a good source.

Source:
1. http://www.federalreserve.gov...

I agree. But, in your profile, it says you're a Libertarian, and most Libertarians feel that the Fed is used to create an inflation tax, create instability, etc, so I'm a little confused by your input...
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