2024 Presidential Race

#37,451
#37,451
hog88 said:
I’m getting at the estate tax is a killer for family farms. It’s not just the wealthy that get hit with it.
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What is the goal of the tax? The U.S. doesn't need any taxes to fund itself i.e. they literally can print money, heck, its just on a computer screen now. So, I must assume its equity gap, that can and should be addressed at the corporate law level using other things than taxes, also I have no issue with corporations being taxed heavily i.e. state entities with state benefits.

Its the end of property rights at that point if ruled constitutional, the SC has already started the process to a degree in another ruling.

If its okay to tax property on unrealized gains with no nexus to the federal government (or connection to income) than there would be a simple step to take all property, technically why can't the tax be on unrealized losses as well? Why can't it be a 100% tax on the property? It could.

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#37,454
#37,454

Angel Reese issues five-word reaction to Michelle Obama's DNC speech​


Angel Reese had a five-word reaction to Michelle Obama's remarks at the Democratic National Convention in Chicago on Tuesday.

In her speech, the former first lady called Republican nominee Donald Trump misogynistic, racist, petty, and small in the powerful takedown that upstaged her husband Barack.

As Obama delivered her address, the Chicago Sky rookie took to X to rave about what was said on the podium.

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Reese is not the first hoops star to rally behind Harris during the convention. On Monday, Golden State Warriors and Team USA men's basketball head coach Steve Kerr took to the podium to endorse the former vice president on her presidential bid.

www.dailymail.co.uk

Angel Reese issues five-word reaction to Michelle Obama's DNC speech

In her speech, the former first lady called Republican nominee Donald Trump misogynistic, racist, petty, and small in the powerful takedown that upstaged her husband Barack.
www.dailymail.co.uk www.dailymail.co.uk
 
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#37,459

Kamala Harris Promoted Fundraisers By Abolish ICE Activists​


As California’s junior senator, Kamala Harris promoted fundraisers for groups that support defunding U.S. Immigration and Customs Enforcement and Customs and Border Protection, records show.

In 2018 and 2019, Harris urged the public to pledge donations to at least two fundraisers spearheaded by left-wing immigration groups that have demanded ICE and CBP be abolished in recent years, social media posts show. The campaigns are still active on ActBlue, the top Democratic fundraising platform, the Washington Examiner confirmed.


www.washingtonexaminer.com

Kamala Harris promoted fundraisers by abolish ICE activists - Washington Examiner

Kamala Harris promoted fundraisers for groups that supported defunding U.S. Immigration and Customs Enforcement, as well as Customs and Border Protection.
www.washingtonexaminer.com www.washingtonexaminer.com
 
#37,460
#37,460
volfanhill said:
finance.yahoo.com

Fed confronts up to a million US jobs vanishing in revision

(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. Most Read from BloombergA Floating Island in Baltimore Raises Hope for a...
finance.yahoo.com finance.yahoo.com
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Was reading this yesterday. Thought the Fed was way behind raising rates. Not sure if they’re late lowering rates as I tend to think we need to get back to more historically normalized interest rates and let the economy find its equilibrium. It’s a tough spot for the Fed because of our fiscal policy over the last two or three decades, always trick f’ing the economy, bail outs and the debt. I’m betting on more shocks to the economy beyond the one million vanishing jobs. Sound fiscal and monetary policy has been thrown out the window.
 
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#37,461
#37,461
dalton_vol said:
So she wants to give $25,000 credit for new home buyers,That just means the sell price of my house went up 25,000. Do the Neo Marxist not understand this? Or do they not care
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They understand it very well. Juice the price of housing to put money in the hands of their donor class (bankers, realtors, etc) and also buying votes from the lower classes. It’s good politics.
 
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#37,462
#37,462
Vol737 said:
Was reading this yesterday. Thought the Fed was way behind raising rates. Not sure if they’re late lowering rates as I tend to think we need to get back to more historically normalized interest rates and let the economy find its equilibrium. It’s a tough spot for the Fed because of our fiscal policy over the last two or three decades, always trick f’ing the economy, bail outs and the debt. I’m betting on more shocks to the economy beyond the one million vanishing jobs. Sound fiscal and monetary policy has been thrown out the window.
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America has morphed from a position of the markets will regulate themselves to the markets need external help regulating. I think all that does is lessen short term, temporary pain in a trade for long term risk.
 
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#37,463
#37,463
hog88 said:
I’m getting at the estate tax is a killer for family farms. It’s not just the wealthy that get hit with it.
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And I clearly said there's no way the estate tax should be that low at 12 million. And I'll add it's criminal if it drops to about 5 million in a couple of years when the current inflationary setup ends.

I'm not a fan of govt being huge. What we do need are sources of revenue for defense, for the internal needs of running a Federal govt...... most of the rest of what the Feds do is overreach.

Still, a Federal system needs money either from each state collecting revenue and giving a portion or some other method.

I looked this crap up for personal estate planning. If the estate tax drops to 5 million, that's personally uncomfortable.
 
#37,465
#37,465
GroverCleveland said:
Dumbass. Moran. Incompetent noob. Dummkopf. Economic idiot.

Did that help?
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Heck, I want them to pass something like this just to watch the show. I mean the SC basically gutted administrative agencies ability in rule-making, in part. Exactly how is all of this going to be administrated, is it based on self-assessment? How does that even work? The stock market is about the easiest thing you might have mark but other than that it gets very hard to know what the value of something is.

If anyone is in favor of this, the first thing they should do is give all their stuff to the government.... because that is where it leads.
 
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#37,466
#37,466
SayUWantAreVOLution said:
And I clearly said there's no way the estate tax should be that low at 12 million. And I'll add it's criminal if it drops to about 5 million in a couple of years when the current inflationary setup ends.

I'm not a fan of govt being huge. What we do need are sources of revenue for defense, for the internal needs of running a Federal govt...... most of the rest of what the Feds do is overreach.

Still, a Federal system needs money either from each state collecting revenue and giving a portion or some other method.

I looked this crap up for personal estate planning. If the estate tax drops to 5 million, that's personally uncomfortable.
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Its needs no collections, when money ran the system you did. You are using credit as a money substitute, no collections is needed.

The federal government can get rid of the whole IRS.
 
#37,467
#37,467
#37,468
#37,468
LSU-SIU said:
Its needs no collections, when money ran the system you did. You are using credit as a money substitute, no collections is needed.

The federal government can get rid of the whole IRS.
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If you're highlighting that the system is broken without anything to back it up, agreed. If you favor just riding printing money as the system nosedives into the ground, perhaps you lack a family whose future matters to you.

We dug this hole slowly essentially since FDR. If you think we can stop programs immediately, stop subsidies to the agriculture industry, oil industry, etc and not crush a lot of people and jobs, you're wrong.

It's going to take time and careful economic unwinding to fix a mess this big. Could a big portion be stopped in about 4 years, yes.

There's a lot we've allowed the Federal govt to spoon-feed to A LOT of citizens and companies that employ a lot of citizens that needs to be stopped but cold turkey and a Depression is not my idea of a correct solution.
 
#37,469
#37,469
SayUWantAreVOLution said:
If you're highlighting that the system is broken without anything to back it up, agreed. If you favor just riding printing money as the system nosedives into the ground, perhaps you lack a family whose future matters to you.

We dug this hole slowly essentially since FDR. If you think we can stop programs immediately, stop subsidies to the agriculture industry, oil industry, etc and not crush a lot of people and jobs, you're wrong.

It's going to take time and careful economic unwinding to fix a mess this big. Could a big portion be stopped in about 4 years, yes.

There's a lot we've allowed the Federal govt to spoon-feed to A LOT of citizens and companies that employ a lot of citizens that needs to be stopped but cold turkey and a Depression is not my idea of a correct solution.
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You are promoting the lie. The federal government has been printing money your entire life, the tax system is just there to help determine the winners and losers.

If you think we can stop programs immediately, stop subsidies to the agriculture industry, oil industry, etc and not crush a lot of people and jobs, you're wrong.
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Click to expand...

I never said otherwise, a price will have to be paid and it will be eventually paid with people.

The current system does not require tax collections, and hasn't way before you were born. What are they collecting, imaginary things we call credit.

Its all a fraud, its all a scam... those always at some point go bust.

It's going to take time and careful economic unwinding to fix a mess this big. Could a big portion be stopped in about 4 years, yes.
Click to expand...

There is no fix, this is the fix... but eventually the scam comes to an end. Regardless, no IRS is needed nor collections is needed to fund the government... collections in theory are just done equally based on inflation of the money supply i.e. budget. As long as Congress authorizes funding, its funded. The collections is just a way of picking winners or losers, and pleasing the donors.
 
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#37,471
#37,471
LSU-SIU said:
You are promoting the lie. The federal government has been printing money your entire life, the tax system is just there to help determine the winners and losers.



I never said otherwise, a price will have to be paid and it will be eventually paid with people.

The current system does not require tax collections, and hasn't way before you were born. What are they collecting, imaginary things we call credit.

Its all a fraud, its all a scam... those always at some point go bust.



There is no fix, this is the fix... but eventually the scam comes to an end. Regardless, no IRS is needed nor collections is needed to fund the government... collections in theory are just done equally based on inflation of the money supply i.e. budget. As long as Congress authorizes funding, its funded. The collections is just a way of picking winners or losers, and pleasing the donors.
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I get it. It's horribly broken. You apparently think we just strangle the Federal govt, all the crap we have allowed it to fund for years, and let our children clean it up.

Fine. That's a decent opinion, I guess. I'm old. I want to pass on what I can to the family when I'm gone. Someone mentioned that Harris wanted really crazy estate tax and capital gains taxes that WOULD be bad for my family (among a boatload of other things the Dems want govt to do that both of us feel they shouldn't.)

I looked it up and commented on what the plan actually says. In the immediate future, my concern is my family and what I leave for them. The estate tax Harris purposes nor the capital gains changes the Dems propose won't hit me. Do I trust them not to make it worse? No. Frankly, I don't trust the GOP to make it worse either.

My concern isn't a big political position. I've got a family, I've got some assets, I've got some age on me, and I've got the need to talk with someone about the best way to leave things when I leave.

Beyond that, little matters to me.
 
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#37,472
#37,472
SayUWantAreVOLution said:
I get it. It's horribly broken. You apparently think we just strangle the Federal govt, all the crap we have allowed it to fund for years, and let our children clean it up.
Click to expand...

Its not broken, its by design... way before any of us were born. There is nothing you can do to save the system. Future generations won't be cleaning up crap, they'll be thinking of surviving or not surviving.

As far as U.S. funding, its always funded as long as Congress funds it. The tax law is just there so the people in DC can pick the winners and losers along the way... its not there to fund the government. Their just lies on top of lies.

The U.S. Congress could cut the budget by 80% and they federal reserve system would probably shutdown in 24 hours and your ATM would stop working. That's going to be the end result at some point but there is no avoiding it... just delaying it.

(I would suggest reading the Federal Reserve Act of 1913, and Bretton Woods Agreement Act.... and if you go read any religious text its in there too. If you attach interest to your medium of exchange, you have a finite time frame... we're in OT right now)
 
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#37,474
#37,474
LSU-SIU said:
Its not broken, its by design... way before any of us were born. There is nothing you can do to save the system. Future generations won't be cleaning up crap, they'll be thinking of surviving or not surviving.

As far as U.S. funding, its always funded as long as Congress funds it. The tax law is just there so the people in DC can pick the winners and losers along the way... its not there to fund the government. Their just lies on top of lies.

The U.S. Congress could cut the budget by 80% and they federal reserve system would probably shutdown in 24 hours and your ATM would stop working. That's going to be the end result at some point but there is no avoiding it... just delaying it.

(I would suggest reading the Federal Reserve Act of 1913, and Bretton Woods Agreement Act.... and if you go read any religious text its in there too.)
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I get it. You're a nihilist about it all. Again, that's a fine position. Most of my life, especially after Nixon finally abandoned the sham of a "gold standard," I've heard it's going to collapse.

I was a young boy then. I've since gotten out of a few schools, married, raised kids, raised grands, pleaded (unsuccessfully) not have great-grands so soon, worked, worshipped, and wound up doing okay by my standards.

It hasn't collapsed yet. But folks were sure it was going to collapse most of that time.

Maybe you're right. Maybe you're John the Baptist for economics. History tells me you're probably right that it will just collapse at some point BUT screaming it at random people on the Internet neither makes it happen faster or slower.

Have a good day.
 
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#37,475
#37,475
LSU-SIU said:
Heck, I want them to pass something like this just to watch the show. I mean the SC basically gutted administrative agencies ability in rule-making, in part. Exactly how is all of this going to be administrated, is it based on self-assessment? How does that even work? The stock market is about the easiest thing you might have mark but other than that it gets very hard to know what the value of something is.

If anyone is in favor of this, the first thing they should do is give all their stuff to the government.... because that is where it leads.
Click to expand...
Exactl
 
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