Welcome login | signup
Language en es fr
OccupyForum

Forum Post: So I guess they went broke because they hate Obama?

Posted 1 year ago on Nov. 25, 2012, 5:34 p.m. EST by clamor (-40) from Hopatcong, NJ
This content is user submitted and not an official statement

26 Comments

26 Comments


Read the Rules
[-] 1 points by hchc (3297) from Tampa, FL 1 year ago

How anyone thinks that Romney would somehow grow balls and stand up to the bankers is beyond me. The guy has proven time and again to do whatever he's told to do.

And I really love idiot Republicans that think the guy who invented RomneyCare, and the party that accepts HUGE bribes.....er.....donations from the insurance industry, is going to repeal this huge payout to the insurance cartel.

Grow up.

[-] 0 points by DKAtoday (33128) from Coon Rapids, MN 1 year ago

Nice video - shows that some will never accept reality.

Thanks Boner, Bitch, Can't-or etc etc etc etc etc all of you corpoRATists in office RINO and DINO.

[-] -1 points by clamor (-40) from Hopatcong, NJ 1 year ago

Actually, reality was accepted a lot more than by a blogger like you. They had a thriving business now gone. You have a keyboard. BFD.

[-] 1 points by gsw (2727) 1 year ago

That is your model crony capitalism, where you accept the risks.

Everyone has suffered. Obama didn't cause it.

What is your solution? The worker owned small business went belly up. There are no gauruntees in capitalism. That is what you advocate. Right.

[-] 1 points by clamor (-40) from Hopatcong, NJ 1 year ago

Yes, there are no guarantees. But I don't expect a government that actively tries to kill the economy either - things like NAFTA, artificially supporting certain sectors of the economy to the detriment of others (oil, gas, green energy, ethanol subsidies, unfunded mandates on states). Capitalism works when it's hands off and Washington DC isn't creating one policy after another that creates one unintended consequence after another. Our tax code and regulatory system looks like a bowl of spaghetti today because it's so complicated, no one can keep track of what's going on.

Call the IRS to answer a question and if you call them three times, you'll get three different answers. It's too GD much today. Central planning has been taken to the extreme here and it's stifling the economy. We're going to grind to a halt if they keep it up. You can't take a piss without permission from Uncle Sham.

[-] 2 points by gsw (2727) 1 year ago

Even this guy wanted one time tax on wealth and simplify code.

http://www.ontheissues.org/celeb/Donald_Trump_Tax_Reform.htm

NAFTA is not liked at OWS an Asian one coming to us will be worse.

[-] 0 points by clamor (-40) from Hopatcong, NJ 1 year ago

So basically, you want a one time tax on someone else... as long as it doesn't touch you.

These numbers are from 2000. I don't know what they hold today. You act like the rich just have cash sitting in safe deposit boxes. In fact, much of the wealth is in stocks in the market, IOW already supporting businesses and the economy. So your idea is take from the private sector of the economy and give it to the government as a tax. Well, will the government use it to PAY OFF THE DEFICIT or will they just find more things to waste it on, like studying why monkeys throw poop and how cow farts heat the ozone? How about some entitlement cuts for a "balanced" discussion, because I never seem to hear anything about that here, and entitlements are 70% of the federal budget.

[-] 2 points by gsw (2727) 1 year ago

I would impose a one-time, 14.25% tax on individuals and trusts with a net worth over $10 million. For individuals, net worth would be calculated minus the value of their principal residence. That would raise $5.7 trillion in new revenue, which we would use to pay off the entire national debt [and shore up the Social Security Trust Fund].

We should all feel pain of deficit somewhat don't do it again.

That was trumps old proposal.

Congress needs to stop wasting all the money. That is true, they spend it like they haven't earned it.

Maybe money in stocks wouldn't be taxed until sold?

This place is abig ideas factory. Everyone has own. It all has to go through congress, so this is all theory. Congress doesn't want to solve deficit because someone is making money off the deficit. Could be chinese 1 percent

[-] 0 points by clamor (-40) from Hopatcong, NJ 1 year ago

How would that pay off the national debt? The national debt is $16.3 trillion? $5.7 trillion won't pay it off. Where are you getting these numbers from?

That's kinda like Obama stating he would halve the yearly deficit in his first term. These numbers are made up, best case scenario if the economy does this or that. There are a lot of assumptions.

What about the hit to GDP from this proposal as trillions exit the market? That's going to send revenues to the treasury tumbling also.

You have to get up on these numbers. Fact is you could take 100% of the rich and not pay off our debts by far...

http://www.youtube.com/watch?feature=player_embedded&v=661pi6K-8WQ

[-] 2 points by gsw (2727) 1 year ago

no

http://thinkprogress.org/economy/2012/09/11/826021/epi-study-288-wealth/?mobile=nc

http://www.joshuakennon.com/how-much-money-does-it-take-to-be-in-the-top-1-of-wealth-and-net-worth-in-the-united-states/

looks like it could be a part of the solution. We are all going to feel pain if we want to eliminate it, which would probably be good so conservatives will stop yaking about it.

keep on reading below.

[-] -1 points by clamor (-40) from Hopatcong, NJ 1 year ago

I ignore everything from the Economic Policy Institute given the crackpots that run the place. They're not economists. They're Marxists and union thugs.

http://www.epi.org/about/board/

[-] 2 points by gsw (2727) 1 year ago

Here is big part of problem:. Corporations profit from US deficit

http://www.businessinsider.com/fiscal-cliff-connection-between-corporate-profits-and-deficits-2012-10#ixzz2ASNGJr3O

http://www.businessinsider.com/gmos-james-montier-why-company-profit-margins-are-so-huge-2012-3

It would be a down payment on deficit reduction. Would not pay off whole thing.

14 percent wealth tax over ten million, minus home. Sounds like a healyhy start.

http://en.wikipedia.org/wiki/Wealth_in_the_United_States

Here is how it might be doable. http://articles.marketwatch.com/2010-03-30/commentary/30798869_1_tax-increases-budget-deficit-spending-restraint

Other idea http://everythingishistory.com/5-easy-steps-to-eliminating-americas-budget-d. Ouch

The deficits have increased and wealth at top increased. Just skim from the top and rebalance as needed.

[-] 0 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Yes, indeed. Now that I have pointed out the importance of the forum timeline, it is of the utmost importance to not allow anomalies.

[-] 0 points by DKAtoday (33128) from Coon Rapids, MN 1 year ago

They also had apparent spoon feeding from the msm - in which they apparently missed the sabotage of government this last four years. As it seems you have as well.

Poor blind Joe - He considers himself a republican - Yeah?

Joe look no further than your party representatives in office - SOLD YOU OUT.

[-] 0 points by clamor (-40) from Hopatcong, NJ 1 year ago

Or not. Keep spinning.

[-] 0 points by DKAtoday (33128) from Coon Rapids, MN 1 year ago

Do you consider yourself to be a republican? Cause you and ol blind Joe have been sold out by those in office who call themselves republican.

[-] 0 points by clamor (-40) from Hopatcong, NJ 1 year ago

No, I'm not a republican. Registered independent. I vote libertarian.

[-] 0 points by shooz (26677) 1 year ago

You should leave that libe(R)tarian crap in the dust.

Get it behind you.

You might as well be a slave to the 1%.

After all, they invented the modern version of libe(R)tarianism

[-] 2 points by clamor (-40) from Hopatcong, NJ 1 year ago

The 1% are in Washington DC and are enslaving you right now.

[-] 0 points by shooz (26677) 1 year ago

And the Kochs control YOU!

At least I can pretend to vote for something.

You can't. You have NO choice.

You're a libe(R)tarian, livin' the dream, but dreaming for sure...................zzzzzzzzzzzzzzzzzzzzz

[-] 1 points by clamor (-40) from Hopatcong, NJ 1 year ago

The Kochs? WTF are you talking about? You make no sense.

[-] 2 points by shooz (26677) 1 year ago

That's because you're sleeping, and that simple fact makes you unaware of what is happening around you.

Go back to dreams about being superman and staying in Galt's Gulch, and that hook-up with Ms. Rand..

[-] -1 points by DKAtoday (33128) from Coon Rapids, MN 1 year ago

So - you are a corpoRATist? Because you are not for the People. Not with the shit you are apparently supporting. More then apparent actually as you follow the RINO talking points.

[-] 1 points by clamor (-40) from Hopatcong, NJ 1 year ago

No, I'm a libertarian. That's about as far away from a corporatist as one can get.

I am in favor of individual liberty. The government just keeps taking more of that away in favor of making choices for us.

I'm a helluva lot more for the people than you will ever be.

[-] -2 points by shooz (26677) 1 year ago

They didn't build it.

They bought a franchise and couldn't make it through a (R)epelican't induced recession.

I guess this is what happens when you let Wallstreet control things, she didn't even notice them, didn't mention them..