Pages

8 comments

Jump to bottom
1 EPR-radar  Sat, Jan 19, 2013 2:31:45pm

In my view, the economic issues have always been the core of the Republican party.

Racism, nuttiness, culture war crap etc. have in the past been issues used by the GOP mainly to distract from the basic wealth concentration program of the GOP.

It is possible that there is now enough insanity in the GOP that the nuts vs. the plutocrats GOP civil war may actually occur.

2 Barflytom  Mon, Jan 21, 2013 10:08:42pm

“Many banks in Switzerland won’t take American clients because of the pressure being exerted on the Switzerland government and the mini banking cartel that exists in Zurich..”

“Enacted in 2010, FATCA requires foreign financial institutions to tell the U.S. Internal Revenue Service about Americans’ offshore accounts worth more than $50,000.”

The reason foreign banks now refuse American clients unless they have a million or so to deposit is the ridiculously onerous reporting requirements imposed by this stupid, counter-productive legislation.

The practical effect is just to make life more difficult for Americans working overseas, and in the case of some very wealthy people, to encourage them to expatriate themselves.

Driving money out of the country doesn’t do average Americans any good.

A couple of other small examples of why this is increasingly a much less free country. Intrade no longer accepts USA based accounts because of heavy-handed regulation by the SEC, and many investment funds aren’t open to US citizens or residents because of the ridiculously expensive compliance costs.

If you want to discourage tax avoidance, why not bring the corporate and personal income tax rates down to the levels of so-called tax havens. There is something like 1.7 trillion in corporate funds currently held overseas by US companies. Imagine if that was returned and invested in the US or returned to US shareholders.

Look what happened when Britain for example had confiscatory tax rates under Labour in the 60’s / 70’s. Huge amounts of money left the country, and along with Obama-style over-regulation and coddling of trade unions, it brought the economy close to collapse.

It seems lefties never learn. The disgusting Obama administration is probably the most reactionary and economically illiterate one seen in a supposedly free country in decades.

3 Barflytom  Mon, Jan 21, 2013 10:55:37pm

Btw ggt, you got the acronym wrong; it’s FATCA, not FACTA.

FATCA (T), geddit ? Another demonstration of how childish and vindictive the dems have become.

There are so many examples of how damaging it is to investment and economic growth to keep demonizing the “rich”, it’s hard to avoid the conclusion that the dems just don’t care how much they damage the economy, as long as their vile class warfare rhetoric keeps getting them re-elected.

And if any of you lefty losers think a million bucks makes someone “rich” these days, then you’re even more out of touch than I realised. Try moving to London or Switzerland with just that amount of capital - you’d barely qualify as middle class.

4 Obdicut  Tue, Jan 22, 2013 10:16:49am

re: #3 Barflytom

Try moving to London or Switzerland with just that amount of capital - you’d barely qualify as middle class.

Speaking of just flat-out lies:

Switzerland has a per-capita average income of $83,073. If you got just 8% income on your million dollars, which would be a distinctly average return, you’d be right in the middle. If you aggressively pursued stock investment, you’d get about 20% returns.

Does it bug you to have to lie so much?

5 Barflytom  Wed, Jan 23, 2013 12:52:06am

re: #4 Obdicut

Perhaps you’d want a place to live - the median price of a house in Switzerland is about $ 900,000, and double that in a major city.
Swiss 10yr bonds currently yield about 0.7%, and were yielding about 0.5% most of last year.

So, a slightly different definition of what would be “middle class” is a flat out lie. Lies I tell ya’ !!!! My point is you wouldn’t be “rich”, or even living in the same postal code as anybody “rich”.

Does it bug you to have to split hairs so much ?

6 Barflytom  Wed, Jan 23, 2013 1:14:10am

re: #4 Obdicut

….and I look forward to your next comment pointing out the difference between median and average. You can also argue about stock market returns over 10 years, the precise definition of “postal code”, and then the definition of “middle class”, which as you know can mean different things depending on whether you are discussing average income, or social standing viewed from the perspective of the British aristocracy.

Then, if you have a few more hours to spare, we can argue about the definition of “lying”, including the difference between normal lying and “flat-out” lying.

Do you list “missing the point” among your hobbies ?

7 Obdicut  Fri, Jan 25, 2013 2:29:01am

re: #5 Barflytom

Perhaps you’d want a place to live - the median price of a house in Switzerland is about $ 900,000, and double that in a major city.

Yeah, which is why I’d probably rent, like most Swiss do, since renting is so much cheaper than house-buying.

[Link: www.globalpropertyguide.com…]

Swiss 10yr bonds currently yield about 0.7%, and were yielding about 0.5% most of last year.

That’s nice.

You are an incredibly bad debater. Comically bad. And I’ve finally figured out the bizarre way you write is supposed to be funny. You might want to explicitly declare that or something.

8 Obdicut  Fri, Jan 25, 2013 3:54:21am

Switzerland also has very high personal income tax; I’m confused how if, according to you, high taxes destroy competitiveness, the Swiss are able to tax so highly and yet have this incredibly high standard of living, according to you. They also have a capital as well as an income tax on corporations.


This page has been archived.
Comments are closed.

^ back to top ^

TwitterFacebook

Turn off all ads for a full year by subscribing!
Take advantage of our yearly subscription, and save 50% off the normal subscription price! One-year ad-free subscriptions are just $59.95. Turn off all ads for a full year by subscribing now and save!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.

Or... you can just click this button to open the Pages posting window right away.

Last updated: 2015-04-18 5:26 pm PDT

LGF User's Guide
Recent Pages
JmpMaster
A Paperless World?
From the earliest writings placed on papyrus by the Ancient Egyptians in 3000 BC; the discovery and use of paper in China during the Han Dynasty in 206 BC; the invention of the printing press by Johannes Gutenberg in 1440 ...

48 minutes ago
Views: 35 • Comments: 0
Tweets: 0 • Rating: 0
Thanos
Supermassive Black Hole Merger Could Finally Solve the ‘Final Parsec Problem’
Binary black holes, as the name suggests, are a system composed of two black holes locked in close orbit around each other. Since most galaxies in the universe are believed to harbor one supermassive black hole at their center, ...

2 hours, 13 minutes ago
Views: 56 • Comments: 0
Tweets: 0 • Rating: 1
CriticalDragon1177
Skepchick - Ad Hominem Fallacy: A Lesson for Sea World ( Video )
Rebecca Watson takes on Sea World, and their attacks on John Hargrove. She takes them to task for attacking him, rather than even trying to refute his allegations, and in the process gives us a lesson in critical thinking. Read ...

17 hours, 37 minutes ago
Views: 162 • Comments: 0
Tweets: 0 • Rating: 0
lostlakehiker
Solar will soon be as cheap as coal
Better wafer fabrication techniques Inside a sprawling single-story office building in Bedford, Massachusetts, in a secret room known as the Growth Hall, the future of solar power is cooking at more than 2,500 °F. Behind closed doors and downturned blinds, ...

3 days ago
Views: 406 • Comments: 14
Tweets: 0 • Rating: 7
FemNaziBitch
IRS Should Crack Down on Private Equity’s Abusive Tax Alchemy
As Warren Buffett famously observed, "...while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks." He was referring to the fact that capital gains earned by wealthy investors are taxed at a ...

3 days, 9 hours ago
Views: 272 • Comments: 0
Tweets: 0 • Rating: 0
philosophus invidius
Bioethicist Live-Tweets Her Son’s Sex-Ed Class
The tweets were simultaneously disturbing and hilarious. "We are going to roll this dice 8 times. Every time your number comes up, in pretend your condom failed and you get a paper baby." JESUS!!! — Alice Dreger (@AliceDreger) April ...

4 days, 17 hours ago
Views: 427 • Comments: 7
Tweets: 2 • Rating: 9
Great White Snark
Pope Francis Uses ‘Genocide’ for Killings of Armenians
Grateful Armenia This consternation over the use of the word 'genocide' occurs regularly. And Armenians are equally upset, when Turkey protests it. Armenian Foreign Minister Edward Nalbandian rebuked Turkey. "We are in a situation in which Turkey speaks a ...

1 week ago
Views: 442 • Comments: 0
Tweets: 0 • Rating: 4
Cheechako
One Hot Mess: 10 Ways to Tell if Your Pizza Is Really Good Christian Pizza
More: One Hot Mess: 10 Ways to Tell if Your Pizza Is Really Good Christian Pizza

2 weeks, 3 days ago
Views: 1,312 • Comments: 0
Tweets: 0 • Rating: 4
No Country For Old Haters
BBC - Future - the Dystopian Lake Filled by the World’s Tech Lust
From where I'm standing, the city-sized Baogang Steel and Rare Earth complex dominates the horizon, its endless cooling towers and chimneys reaching up into grey, washed-out sky. Between it and me, stretching into the distance, lies an artificial lake ...

2 weeks, 3 days ago
Views: 966 • Comments: 0
Tweets: 0 • Rating: 5
Lumberhead
This Video of Homeless People Reading Mean Tweets Is Devastating
Raising the Roof of Canada, an organization that aims to eliminate homelessness, filmed people without homes reading some of the most terrible comments written about them on social media, ranging from remarks about how they smell to dehumanizing insults. ...

2 weeks, 3 days ago
Views: 1,081 • Comments: 0
Tweets: 5 • Rating: 6
 Frank says:

The drummer's playing in 4/4, the Saxophone player is playing 5/4, the guitar player is picking his nose....