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Ryan's controversial Social Security plan he doesn't discuss

NEW YORK (CNNMoney) -- Representative Paul Ryan has long wanted to let Americans invest part of their Social Security taxes in private investment accounts.
After legislation he co-sponsored in 2005 went nowhere, Ryan included a detailed plan to privatize Social Security in his budget proposal in 2010. Under that plan, he would allow workers to funnel an average of roughly 40% of their payroll taxes into personal retirement accounts.
Ryan's controversial Social Security plan he doesn't discuss - Aug. 14, 2012
 

Georgeflash

Who feels it knows it!
whatever man.. before derivatives there were inflation bubbles, investment banks had nothing to argentina fall from grace.

Obeezy got y'all guzzling that grape drink.
The funny thing is people like you will be crushed by these policies when the middle class further dwindles and the ranks of the working poor swells.

Not everyone can be rich. Not everyone wants to be rich.
Everyone wants to provide for their family and have a fighting chance. Digging out of a deficit on the backs of the middle class and the poor is backwards and recipe for disaster.
 

Oneshot

where de crix
The funny thing is people like you will be crushed by these policies when the middle class further dwindles and the ranks of the working poor swells.

Not everyone can be rich. Not everyone wants to be rich.
Everyone wants to provide for their family and have a fighting chance. Digging out of a deficit on the backs of the middle class and the poor is backwards and recipe for disaster.
look at the history of the income tax code in america, the marginal rate came down for everyone, not just the rich.

ask yourself why the working poor grows, the tax code (not merely income tax) is skewed towards those who can take increase levels of debt. for example the mortgage interest payment tax deduction.

the poor renter does not benefit from this.

forget about the deficit, the deficit is the canary in the coal mine. 40 cent of every dollar spent by the government is being borrowed. and 30% of the 40 cent is from people abroad.

So explain this to me, are you going to try to correct the path you are on when times are good, or be trapped like Europe.
 

Oneshot

where de crix
Ryan's controversial Social Security plan he doesn't discuss

NEW YORK (CNNMoney) -- Representative Paul Ryan has long wanted to let Americans invest part of their Social Security taxes in private investment accounts.
After legislation he co-sponsored in 2005 went nowhere, Ryan included a detailed plan to privatize Social Security in his budget proposal in 2010. Under that plan, he would allow workers to funnel an average of roughly 40% of their payroll taxes into personal retirement accounts.
Ryan's controversial Social Security plan he doesn't discuss - Aug. 14, 2012
This already happens in Australia -- > Superannuation in Australia - Wikipedia, the free encyclopedia

The concept is simple, it is your money, do what you see fit.

Under the current system you don't have a segregated account, the money comes in and is spent else where.
 

Georgeflash

Who feels it knows it!
look at the history of the income tax code in america, the marginal rate came down for everyone, not just the rich.

ask yourself why the working poor grows, the tax code (not merely income tax) is skewed towards those who can take increase levels of debt. for example the mortgage interest payment tax deduction.

the poor renter does not benefit from this.

forget about the deficit, the deficit is the canary in the coal mine. 40 cent of every dollar spent by the government is being borrowed. and 30% of the 40 cent is from people abroad.

So explain this to me, are you going to try to correct the path you are on when times are good, or be trapped like Europe.
Times are good now? Are you kidding?

The economy isn't suffering because "Job creators" are over taxed. It is stagnant because no one is buying shyt which means that companies are cutting staff which means that even less people are buying shyte. Couple that with the global recession and you have the perfect storm.

Paul Ryan is an opportunist. He is using this debt as a means to initiate his right wing social engineering agenda. How else do you explain reducing capital gains taxes which has nothing to do with job creation or reducing the debt.

Do you support the Ryan Budget?
If so why?
 

Oneshot

where de crix
Times are good now? Are you kidding?

The economy isn't suffering because "Job creators" are over taxed. It is stagnant because no one is buying shyt which means that companies are cutting staff which means that even less people are buying shyte. Couple that with the global recession and you have the perfect storm.

Paul Ryan is an opportunist. He is using this debt as a means to initiate his right wing social engineering agenda. How else do you explain reducing capital gains taxes which has nothing to do with job creation or reducing the debt.

Do you support the Ryan Budget?
If so why?
If you are a middle to upper income earner, your money goes to dry cleaning, taxis, restaurants, nannies, services, that is job creation.

Capital gains tax is a tax on inflation. If you own a painting, an expensive bottle of rum, a piece of property in the caribbean, and because of the federal bank, there is an asset bomb, everything is more expensive, which should you be taxed on the asset appreciation?

If you have a small business, and are looking for investors, the investors have to consider the costs of exiting the firm at some point, or the value of earning dividends. Taxes increases the costs of divesting, and reduce the value of the income stream.

Times are good in the US compared to other countries. The US hasnt had its violent eruption as yet.
 

Oneshot

where de crix
Oneshot, you can't compare the Euro Zone to the US. Drastic difference.
Of course you can.

Cheap money went into sub prime assets in the US. Cheap money went into sub prime sovereign bonds in the EU.

There was improper allocation of good money. And we are still throwing good money after bad debts.
 

Inquistive

New member
Of course you can.

Cheap money went into sub prime assets in the US. Cheap money went into sub prime sovereign bonds in the EU.

There was improper allocation of good money. And we are still throwing good money after bad debts.
Wrong

Each European country has a different debt obligation than its neighbor. That's a recipe for disaster.

Right now, US bonds are a safe asset. Investors are taking their money out of European banks and putting them into US bonds. That's how safe they are.
 

Georgeflash

Who feels it knows it!
If you are a middle to upper income earner, your money goes to dry cleaning, taxis, restaurants, nannies, services, that is job creation.

Capital gains tax is a tax on inflation. If you own a painting, an expensive bottle of rum, a piece of property in the caribbean, and because of the federal bank, there is an asset bomb, everything is more expensive, which should you be taxed on the asset appreciation?

If you have a small business, and are looking for investors, the investors have to consider the costs of exiting the firm at some point, or the value of earning dividends. Taxes increases the costs of divesting, and reduce the value of the income stream.

Times are good in the US compared to other countries. The US hasnt had its violent eruption as yet.
You are dancing around the issue.
Do you support the Ryan budget?
 

Oneshot

where de crix
You are dancing around the issue.
Do you support the Ryan budget?
No I don't.

What I appreciate is the debate about reducing taxes, and government spending.

Wrong

Each European country has a different debt obligation than its neighbor. That's a recipe for disaster.

Right now, US bonds are a safe asset. Investors are taking their money out of European banks and putting them into US bonds. That's how safe they are.
That is no different from the US. Every state has different debt obligation that its neighbour.

Investors are not taking out money from European Banks, that is an incorrect blanket statement. There is a run on banks in Spain, Greece, towards Germany, Switzerland. The Germans have issued debt that pays no coupon.

US bonds are considered safe, only and only because the US dollar is the reserve currency of the world. However, it would be naive to think, it is going to remain this way.
 
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