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  1. okay I have a probably dumb idea but lets get together and solve the budget problems we have. If you post an idea in this thread be sure to specify if you are registered (R), (D) or (I). Also feel free to post any relevant stats or fact, ie USA debt estimated tax revenue ect. I will try and fact check anything someone states is a fact but feel free to site your source.

    If someone like dyz could restart this thread it might be better since it would not surprise me if a ton of OT snap red x's any thread I start.
    feel free to add any better ways to go about with this thread.

    For the record I am a registered Republican
     
  2. i pronounce your name nanny-t-g for some reason
    Edited By: Moonlight Graham Dec 14th, 2011 at 04:31 PM
  3. Fire Norv Turner.
  4. in before legalizing weed (Independent who leans democrat)
  5. Don't spend more than we bring in.


    Do I get a prize?
  6. fuck government
  7. solid fail of a thread, nothing to see move along now.
     
    Thread Starter
  8. Legalize marijuana, Leagalize gambling of all kinds, leagalize prostitution, make churches and corporations pay taxes

    bring home all troops from overseas..or at least most..like 90% would good..if we leave a base in germany or couple other places thats fine but no hostile actions

    oh and the corporation tax stuff is only under the current system we have...if RP could get in and help fix our economic situation without corporations paying taxes i am all for it

    and before someone slams me on churches paying taxes...FUCK CHURCHES
    Edited By: cmval Dec 14th, 2011 at 05:18 PM
  9. I pronounce it like with a new York accent, like some dude calling his brother or something "ay yo antny" (Anthony)

    You were at my only significant final table on stars some $11 late night tourney a few years ago...I chopped heads up for my first and only 4 figure score...sigh
  10.  
    Originally Posted by cmval View Post

    Legalize marijuana, Leagalize gambling of all kinds, leagalize prostitution, make churches and corporations pay taxes

    bring home all troops from overseas..or at least most..like 90% would good..if we leave a base in germany or couple other places thats fine but no hostile actions

    oh and the corporation tax stuff is only under the current system we have...if RP could get in and help fix our economic situation without corporations paying taxes i am all for it

    and before someone slams me on churches paying taxes...FUCK CHURCHES

    I'm in agreement with all of these, although I would prioritize a few things that might prevent the lower-middle class from getting destroyed. I would also make government prescription drug coverage generic-only and encourage corporations to adopt similar offerings among their health care plans. I would try to revamp the qualifications for higher education to create a tiered system that targetted learning to professions, reduced the focus on 4-year degrees for positions that did not require them, and promote a more cafeteria approach to higher education, to reduce the waste generated by drop-outs. I would take 401k and allow people to move their contributions to IRAs as employers and Wall Street have far too much control over and direct access to my retirement savings.

    [I]-democratic socialist.
  11.  
    Originally Posted by phish42O View Post

    Don't spend more than we bring in.

    Do I get a prize?

    +1, so simple... yet so effective
  12. Bring back estate tax (graduated increase up to 75%). Restructure capital gains to make tax rates equitable for investment earnings. Put the IRS to work finding corporate income that ends up in international tax shelters (not saying international companies have to pay US taxes on what they make abroad, but have to pay taxes on income earned in the US).

    Reform campaign finance and legislate political contributions to decrease the defacto quid pro quo contributions. Institute state legislature referendum system similar to the Constitutional amendment process for declarations of war, Supreme Court appointments, passage of a budget that exceeds revenue, impeachments, ...
    Edited By: pistol45 Dec 14th, 2011 at 06:55 PM
    Reason: kinda kicking out ideas for discussion more than stating a position
  13.  
    Originally Posted by pistol45 View Post

    Bring back estate tax (graduated increase up to 75%). Restructure capital gains to make tax rates equitable for investment earnings. Put the IRS to work finding corporate income that ends up in international tax shelters (not saying international companies have to pay US taxes on what they make abroad, but have to pay taxes on income earned in the US).

    Reform campaign finance and legislate political contributions to decrease the defacto quid pro quo contributions. Institute state legislature referendum system similar to the Constitutional amendment process for declarations of war, Supreme Court appointments, passage of a budget that exceeds revenue, impeachments, ...

    Opposite all of this
  14. I think a smallish raise on capital gains tax is only okay you can write off more than 1 years loss. 2-4 years sounds good.
     
    Thread Starter
  15.  
    Originally Posted by ntanygd760 View Post

    I think a smallish raise on capital gains tax is only okay you can write off more than 1 years loss. 2-4 years sounds good.

    Capital gains tax is a joke since it isn't indexed to inflation. If I pay 100K for something in 1980 and sell it for 150K in 2010 I have to pay tax on the 50K even though inflation eliminated any real gain in wealth.
     3
  16.  
    Originally Posted by Dyzalot View Post

    Capital gains tax is a joke since it isn't indexed to inflation. If I pay 100K for something in 1980 and sell it for 150K in 2010 I have to pay tax on the 50K even though inflation eliminated any real gain in wealth.

    Agree that this is a problem that should be remedied. The tax should be fair, both ways. I agree that losses should also be deductible for several years, for investors to recoup their losses and offset a hit taken because of variance among their investments.
  17.  
    Originally Posted by Dyzalot View Post

    Capital gains tax is a joke since it isn't indexed to inflation. If I pay 100K for something in 1980 and sell it for 150K in 2010 I have to pay tax on the 50K even though inflation eliminated any real gain in wealth.

    would taxing dividends at a higher rate help even that out.
     
    Thread Starter
  18.  
    Originally Posted by ntanygd760 View Post

    would taxing dividends at a higher rate help even that out.

    Don't understand what you mean. And if we are going to have an income tax then all income should be taxed the same, including dividends.
     3
  19.  
    Originally Posted by Dyzalot View Post

    Don't understand what you mean. And if we are going to have an income tax then all income should be taxed the same, including dividends.

    yes, this. I'm OK with reducing the overall rates, but agree that there shouldn't be niche types of income that are exempt from taxation particularly when they favor one class of citizens so heavily over the middle.
  20.  
    Originally Posted by pistol45 View Post

    yes, this. I'm OK with reducing the overall rates, but agree that there shouldn't be niche types of income that are exempt from taxation particularly when they favor one class of citizens so heavily over the middle.

    That I agree with. I don't like taxes but I hate even more when a tax system favors certain incomes over others.
    Edited By: Dyzalot Dec 14th, 2011 at 08:10 PM
     3
  21.  
    Originally Posted by Dyzalot View Post

    Don't understand what you mean. And if we are going to have an income tax then all income should be taxed the same, including dividends.

    yet that came out all wrong I lost my train of thought

    I think what I meant was have a small tax on stocks owned each year which would make the tax money you pay more equal to inflation I think.
     
    Thread Starter
  22.  
    Originally Posted by ntanygd760 View Post

    yet that came out all wrong I lost my train of thought

    I think what I meant was have a small tax on stocks owned each year which would make the tax money you pay more equal to inflation I think.

    I don't understand what you mean by "tax money you pay more equal to inflation"
     3
  23. oh never mind I misread your entire 1st post. I thought you meant the people were not paying enough money do to inflation not they were overpaying.
     
    Thread Starter
  24. Perhaps the Fed could continue to print money, tens of trillions a year, we could devalue the dollar to the point that the debt was negligible and everyone holding onto debt tied to our currency just loses everything. Eventually, we could issue those Zimbabwe $100 Biliion bills and pay off the debt to China.

  25.  
    Originally Posted by pistol45 View Post

    Perhaps the Fed could continue to print money, tens of trillions a year, we could devalue the dollar to the point that the debt was negligible and everyone holding onto debt tied to our currency just loses everything. Eventually, we could issue those Zimbabwe $100 Biliion bills and pay off the debt to China.

    Well, some historians believe hyperinflation led to the rise of Hitler in Germany.

    http://en.wikipedia.org/wiki/Hyperin...eimar_Republic

    And it really sucks for retired people who are living on savings that are being inflated away.
    Edited By: Dyzalot Dec 14th, 2011 at 09:19 PM
     3
  26.  
    Originally Posted by pistol45 View Post

    Perhaps the Fed could continue to print money, tens of trillions a year, we could devalue the dollar to the point that the debt was negligible and everyone holding onto debt tied to our currency just loses everything. Eventually, we could issue those Zimbabwe $100 Biliion bills and pay off the debt to China.


    i think thats um kinda the plan right now..........

    remember the 7.7 trillion the fed gave to banks, that we know of.

    we haven't fully audited the fed. we can only guess how much money has been printed by the fed and gifted away.
  27.  
    Originally Posted by tekiller View Post

    i think thats um kinda the plan right now..........

    remember the 7.7 trillion the fed gave to banks, that we know of.

    we haven't fully audited the fed. we can only guess how much money has been printed by the fed and gifted away.

    16 Trillion. And, yes, sucks for some, but luckily I carry more debt than cash assets. I could pay off my mortgage and student loans with a paycheck, assuming my wages don't stay the same....

    http://www.pocketfives.com/f13/feder...ilouts-643388/

     
    Originally Posted by Dyzalot View Post

    Well, some historians believe hyperinflation led to the rise of Hitler in Germany.

    http://en.wikipedia.org/wiki/Hyperin...eimar_Republic

    And it really sucks for retired people who are living on savings that are being inflated away.


    Hard economic times did something similar here to a lesser degree. Social conservatives snuck in with the tea party and started introducing weird faith-based initiatives; vilified immigrants, minorities, and the poor; started eroding individual rights, and shifted the agenda of a fairly conservative congress and state governments further to the right. Worried we'll face gestapo-esque domestic security in the near future.
  28. 2% tax on cars over 100k
     
    Thread Starter
  29. Limit the amount of money that can be spent by any politician / political party including his/her surrogates for election purposes.

    Limit the number of lobbyists, and eliminate their ability to contribute to political parties. Require full disclosure of their activities and political contacts on a monthly basis.

    No member of congress or senate member can be involved in a lobby group for 8yrs prior, and 8yrs following sitting in the congress / senate.

    Full disclosure of any sitting member of congress / senate on their stock positions, and a monthly disclosure / review of all trading activities.
    Edited By: saxman Dec 14th, 2011 at 10:21 PM

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