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Falcon91Wolvrn03
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Re: Donald Trump to lower corporate tax to 15% [Re: ballsalsa] 1
#23720764 - 10/08/16 09:39 PM (7 years, 3 months ago) |
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tump said:
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Falcon91Wolvrn03 said:
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qman said: Fal thinks super interest rates are great, yeah for the boys on Wall Street.
How are low interest rates not good for everyone? I recently bought a house at a 30 year 3.0% fixed rate. 3.0% is pretty good imho. Why would you argue that's not good?
Because it makes people who save their money worthless. If a cd pays out have a percent for five years whats the point in saving anything with cost of everything going up.
Did you know you can put your savings and stocks and mutual funds, which have been doing extremely well? That's what I do with my retirement savings. It's not like people don't know what the current interest rates are.
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tump said: how's it fair for the people who pay taxes to be burden more so the 50 % who don't pay taxes benefit.
how's it fair for the people who earn huge profits for their companies not to get a share of those profits that company executives give to themselves?
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tump said: If you took all the money form everyone living in the united stated including past wealth it wouldnt equal this years usa budget. We are screwed either way. But any idiot who can't see what with high taxes that does nothing for us.
I assume you get your statistics from conservative sources? That's not even close to being true. The annual US budget is around $4 trillion, while current US wealth is way over $50 trillion. And that's not counting "past wealth".
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tump said: Its the same arguement about increase wages if you increase wages then the people get let hours. There is a budget set out for workers the company can't increase that amount without raising prices.
You probably don't work in corporate accounting. Corporations today pay employees FAR less than they're worth to the company. That's why raising minimum wage doesn't increase unemployment. And for the handful of companies that need to raise prices, the increase would be FAR less than the increase in the minimum wage. It's been proven many times here with empirical evidence that a 10% US minimum wage increase raises overall prices by no more than 0.4%.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Falcon91Wolvrn03
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Re: Donald Trump to lower corporate tax to 15% [Re: qman] 1
#23720774 - 10/08/16 09:47 PM (7 years, 3 months ago) |
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Quote:
qman said:
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Falcon91Wolvrn03 said:
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qman said: Fal thinks super interest rates are great, yeah for the boys on Wall Street.
How are low interest rates not good for everyone? I recently bought a house at a 30 year 3.0% fixed rate. 3.0% is pretty good imho. Why would you argue that's not good?
Come on Fal, how are low rates good for savers? Also, it's killing banks and pension funds.
Low rates are also distorting the stock, bond and real estate markets.
Savers can put their money into stocks and real estate if they want.
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qman said: When markets readjust there will be major payback.
"Readjust"??? What does that mean? I've already shown you that corporate profits are at an all time high.
You continuously refuse to accept the facts because you won't allow yourself to credit a black president for improving the economy.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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elax420
Anal Destroyer


Registered: 10/16/12
Posts: 15,536
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Investing=saving what??
Lel at king liberal not even knowing there is a level of systemic risk that can't be hedged away.
Lrn2 finance bro.
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Falcon91Wolvrn03
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Re: Donald Trump to lower corporate tax to 15% [Re: elax420] 1
#23721068 - 10/09/16 12:10 AM (7 years, 3 months ago) |
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elax420 said: Investing=saving what??
Yes. If you don't understand basic business concepts, I suggest looking them up before asking.
Savings - The portion of disposable income not spent on consumption of consumer goods but accumulated or invested directly in capital equipment or in paying off a home mortgage, or indirectly through purchase of securities.
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elax420 said: Lel at king liberal not even knowing there is a level of systemic risk that can't be hedged away.
What makes you believe I don't know about systemic risk? I have an MBA and am fairly confident I understand it a lot better than you do.
Quote:
elax420 said: Lrn2 finance bro.
I learned. You should too.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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hostileuniverse
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Re: Donald Trump to lower corporate tax to 15% [Re: ballsalsa]
#23721355 - 10/09/16 07:15 AM (7 years, 3 months ago) |
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ballsalsa said: i just did. repatriating all that dough would expose the American public to the full brunt of the inflation caused by massive, years long, quantitative easing. inflation would even devalue the additional tax revenue.
so once again, a problem caused by govt, but yeah, keep electing the same assholes,
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 12 hours, 46 minutes
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Quote:
Falcon91Wolvrn03 said:
Quote:
qman said:
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Falcon91Wolvrn03 said:
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qman said: Fal thinks super interest rates are great, yeah for the boys on Wall Street.
How are low interest rates not good for everyone? I recently bought a house at a 30 year 3.0% fixed rate. 3.0% is pretty good imho. Why would you argue that's not good?
Come on Fal, how are low rates good for savers? Also, it's killing banks and pension funds.
Low rates are also distorting the stock, bond and real estate markets.
Savers can put their money into stocks and real estate if they want.
Quote:
qman said: When markets readjust there will be major payback.
"Readjust"??? What does that mean? I've already shown you that corporate profits are at an all time high.
You continuously refuse to accept the facts because you won't allow yourself to credit a black president for improving the economy.
Stocks and real estate are speculative investments with considerable risks, they could lose -50% or more in a few years, why would someone in retirement want to take that risk?
"credit a black president for improving the economy"
The President of the US has no correlation with the strength or weakness of the global economy.
http://www.wsj.com/articles/corporate-profits-set-to-shrink-for-fourth-consecutive-quarter-1468799278
Borrowing money to buy back shares while revenue and profits decline does NOT make stocks more valuable, there will be payback for such behavior.
Edited by qman (10/09/16 07:34 AM)
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qman
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Re: Donald Trump to lower corporate tax to 15% [Re: hostileuniverse]
#23721376 - 10/09/16 07:33 AM (7 years, 3 months ago) |
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hostileuniverse said:
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Crumist said: You got me,I should have known better than pick a fight with the guy with coins as his avatar
That 22% of the wealth of billionaires is estimated to be in cash blows my mind
On the corporate tax rate: I've seen some convincing arguments for lowering or eliminating it. Not because it will cause voodoo growth, but because large corporations will never pay it and it falls unfairly on the smaller businesses. We need creative ways to shift the burden on the walmarts and monsantos
Exactly, there is simply no reason to keep these high tax rates, even as some are pushing to increase them
All taxes are passed on to the consumer, and to their employees through lower wages, as well, corporations never really pay them essentially
"All taxes are passed on to the consumer"
That's not true, in a competitive market place, higher taxes result in smaller profit margins, not higher prices.
"employees through lower wages"
That's not true either, if there's a tight labor market you can NOT lower wages, in fact during the 70's companies had to hike wages while profits were declining, boy have times changed.
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hostileuniverse
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Re: Donald Trump to lower corporate tax to 15% [Re: qman]
#23721517 - 10/09/16 09:11 AM (7 years, 3 months ago) |
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We no longer have a "competitive market" or a "tight labor pool"
If we did, you're logic would stand, as things are now, it does not
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,876
Loc: Foreign Lands
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Re: Donald Trump to lower corporate tax to 15% [Re: hostileuniverse]
#23721647 - 10/09/16 10:12 AM (7 years, 3 months ago) |
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Quote:
hostileuniverse said:
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ballsalsa said: i just did. repatriating all that dough would expose the American public to the full brunt of the inflation caused by massive, years long, quantitative easing. inflation would even devalue the additional tax revenue.
so once again, a problem caused by govt, but yeah, keep electing the same assholes, 
The Federal Reserve is not the government, and bankers are not elected
--------------------
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Falcon91Wolvrn03
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Re: Donald Trump to lower corporate tax to 15% [Re: qman] 1
#23721708 - 10/09/16 10:34 AM (7 years, 3 months ago) |
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Quote:
qman said:
Quote:
Falcon91Wolvrn03 said:
Quote:
qman said:
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Falcon91Wolvrn03 said: How are low interest rates not good for everyone? I recently bought a house at a 30 year 3.0% fixed rate. 3.0% is pretty good imho. Why would you argue that's not good?
Come on Fal, how are low rates good for savers? Also, it's killing banks and pension funds.
Low rates are also distorting the stock, bond and real estate markets.
Savers can put their money into stocks and real estate if they want.
Stocks and real estate are speculative investments with considerable risks, they could lose -50% or more in a few years, why would someone in retirement want to take that risk?
There are a whole range of investment options between savings and options trading. Investors can decided how much risk they are willing to take.
Quote:
qman said: http://www.wsj.com/articles/corporate-profits-set-to-shrink-for-fourth-consecutive-quarter-1468799278
Borrowing money to buy back shares while revenue and profits decline does NOT make stocks more valuable
Do you think higher interest rates would make stocks more valuable?
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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elax420
Anal Destroyer


Registered: 10/16/12
Posts: 15,536
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Quote:
Falcon91Wolvrn03 said:
Quote:
elax420 said: Investing=saving what??
Yes. If you don't understand basic business concepts, I suggest looking them up before asking.
Savings - The portion of disposable income not spent on consumption of consumer goods but accumulated or invested directly in capital equipment or in paying off a home mortgage, or indirectly through purchase of securities.
Quote:
elax420 said: Lel at king liberal not even knowing there is a level of systemic risk that can't be hedged away.
What makes you believe I don't know about systemic risk? I have an MBA and am fairly confident I understand it a lot better than you do.
Quote:
elax420 said: Lrn2 finance bro.
I learned. You should too.
Finance degree compared to what exactly?
Saving isn't the same thing as investing, stop lying.
Tell me Mr. "MBA" *cough* bullshit *cough* do you pay capital gains on the .05% interest you get from the bank? Can you withdraw your money at any time, or do you have sell your "security"? Is capital held in stocks backed by the government, or can you can you lose your entire keyword "investment" at any time.
Liar liar pants on fire!

The easiest way to tell when you catch someone's bullshit or you've won an argument, is the reverting to an elementary school kid "no you" flip of an insult. Like shit you so embarrassed you can't even come up with your own insult.
The other sign that someone is a master purveyor of bullshit is they do the split quote tried and true "Zappa method" and hides behind obscure links. I'm on to you bro. 
Edited by elax420 (10/09/16 12:10 PM)
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,518
Loc: Uncanny Valley
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Re: Donald Trump to lower corporate tax to 15% [Re: ballsalsa]
#23721906 - 10/09/16 11:54 AM (7 years, 3 months ago) |
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Quote:
ballsalsa said:
The Federal Reserve is not the government, and bankers are not elected
The Federal Reserve is the government as much as the EPA, IRS, FBI, or any other government agency is.
-------------------- Censoring opposing views since 2014. Ask an Attorney Fuck the Amish
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hostileuniverse
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Re: Donald Trump to lower corporate tax to 15% [Re: Enlil]
#23721941 - 10/09/16 12:04 PM (7 years, 3 months ago) |
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Quote:
ballsalsa said:
Quote:
hostileuniverse said:
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ballsalsa said: i just did. repatriating all that dough would expose the American public to the full brunt of the inflation caused by massive, years long, quantitative easing. inflation would even devalue the additional tax revenue.
so once again, a problem caused by govt, but yeah, keep electing the same assholes, 
The Federal Reserve is not the government, and bankers are not elected
Quote:
Enlil said:
Quote:
ballsalsa said:
The Federal Reserve is not the government, and bankers are not elected
The Federal Reserve is the government as much as the EPA, IRS, FBI, or any other government agency is.
Hard to believe that he doesn't understand the connection between the two
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Morel Guy
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Re: Donald Trump to lower corporate tax to 15% [Re: hostileuniverse]
#23722055 - 10/09/16 12:36 PM (7 years, 3 months ago) |
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I understand about none of this talk. I still keep money in a jar.
Someday they are going to want to have all financial transactions be digital. They talk sometimes about no longer printing bills above a $20. Remember Gold used to be illegal to possess other than jewelry.
Your entire life easily indexed and researched to be against you.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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elax420
Anal Destroyer


Registered: 10/16/12
Posts: 15,536
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Re: Donald Trump to lower corporate tax to 15% [Re: Morel Guy]
#23722207 - 10/09/16 01:15 PM (7 years, 3 months ago) |
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Quote:
Morel Guy said: I understand about none of this talk. I still keep money in a jar.
Someday they are going to want to have all financial transactions be digital. They talk sometimes about no longer printing bills above a $20. Remember Gold used to be illegal to possess other than jewelry.
Your entire life easily indexed and researched to be against you.
There are two sides to every coin though.
Analytics can be used to provide overwhelming net positives in health and finance imo
It's gonna be pretty fucking cool when they can treat kids for heart diesese that will kill them in their 40s way before it's even an issue
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Morel Guy
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Re: Donald Trump to lower corporate tax to 15% [Re: elax420]
#23722265 - 10/09/16 01:33 PM (7 years, 3 months ago) |
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They can already do that. I know a guy in my family that has had a heart issue since he was born. He has had heart surgery and has a pace maker. He's getting closer to 70 if not already there.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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elax420
Anal Destroyer


Registered: 10/16/12
Posts: 15,536
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Re: Donald Trump to lower corporate tax to 15% [Re: Morel Guy]
#23722439 - 10/09/16 02:25 PM (7 years, 3 months ago) |
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I'm not a doctor. Unlike falcon I'm not comfortable with lying about shit I know nothing about.
Point is technology is gonna lead to some awesome things that are incredibly beneficial to society. Some shitty things too but I think it will be a net gain
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qman
Stranger

Registered: 12/06/06
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Last seen: 12 hours, 46 minutes
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Quote:
Falcon91Wolvrn03 said:
Quote:
qman said:
Quote:
Falcon91Wolvrn03 said: How are low interest rates not good for everyone? I recently bought a house at a 30 year 3.0% fixed rate. 3.0% is pretty good imho. Why would you argue that's not good?
Come on Fal, how are low rates good for savers? Also, it's killing banks and pension funds.
Low rates are also distorting the stock, bond and real estate markets.
Savers can put their money into stocks and real estate if they want.
Stocks and real estate are speculative investments with considerable risks, they could lose -50% or more in a few years, why would someone in retirement want to take that risk?
There are a whole range of investment options between savings and options trading. Investors can decided how much risk they are willing to take.
Quote:
qman said: http://www.wsj.com/articles/corporate-profits-set-to-shrink-for-fourth-consecutive-quarter-1468799278
Borrowing money to buy back shares while revenue and profits decline does NOT make stocks more valuable
Do you think higher interest rates would make stocks more valuable? 
Obviously stock investors wouldn't want to see higher interest rates, the mere thought of just a 1/4 point hike sends them into a selling frenzy.
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,876
Loc: Foreign Lands
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Re: Donald Trump to lower corporate tax to 15% [Re: Enlil]
#23723861 - 10/09/16 10:23 PM (7 years, 3 months ago) |
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Quote:
Enlil said:
Quote:
ballsalsa said:
The Federal Reserve is not the government, and bankers are not elected
The Federal Reserve is the government as much as the EPA, IRS, FBI, or any other government agency is.
Maybe so, but it is quite different from all of those agencies in that it is partially controlled by private business interests(openly).
--------------------
Like cannabis topics? Read my cannabis blog here
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,518
Loc: Uncanny Valley
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Re: Donald Trump to lower corporate tax to 15% [Re: ballsalsa]
#23723869 - 10/09/16 10:27 PM (7 years, 3 months ago) |
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The other way around, actually.
-------------------- Censoring opposing views since 2014. Ask an Attorney Fuck the Amish
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