Economics for DUmmies

[Freeper]

aquart Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Sat Dec-04-10 10:20 AM
Response to Original message
3. If the entire tax cut sunsets....
   
There will be an infusion of money into the government at next year's tax filing.

That will affect EVERYTHING you have to pay for. Government fees for passports and licenses won't have to go up or won't go up so sharply. Food will not be as costly because inflation will be less.

WE WIN if the entire bill sunsets.
   

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9687476

If you think for one second the tax increase will reduce the deficit by a single dime you are nuts.
They will continue to spend more than they take in I guarantee it then they will want to raise taxes again. Rinse and repeat.

[Allentownjake]

The tax cuts will be extended. 

If Barry does not extend the capital gains tax cut he is going to be hit with a massive sell-off of stocks prior to Christmas which will effectively end his Presidency.

HCR has been exposed as a joke and the democrats are running away from that disaster of a bill they passed.

The Financial Reform Regulations are a joke and other than employing a few new paper pushers succeed in doing nothing in returning confidence in the markets or the banking system.

The Stimulus failed.

His only, and only achievement in his time in office is that he devalued the dollar and got the stock market to rise.  The increase in the capital gains taxes will encourage people to pull out of the market, as their actual gain compared to the devaluation of the currency will take a hit with the increase in the taxation pretty much neutralizing any gains they got if they were trading in index funds.

[jukin]

You got that right AJ. HI 5.

Th DUchebags know nothing of economics, so I will put it in terms their DUmbasses can relate to.

On December 31 you have three bags of Cheetos, a bong, and three dime bags. On January 1st your loser roommate steals one of you your dime bags and one of your bags of Cheetos and skips town without paying January's rent.

Immediately on January 1st any asset you own that has gained in value will be wroth 30% less because our loser roommate (the federal government) will steal it and still make us pay for all of it's excesses.

You know who this hurts most? Women and children in pensions funds.

[Allentownjake]

You got that right AJ. HI 5.

Th DUchebags know nothing of economics, so I will put it in terms their DUmbasses can relate to.

On December 31 you have three bags of Cheetos, a bong, and three dime bags. On January 1st your loser roommate steals one of you your dime bags and one of your bags of Cheetos and skips town without paying January's rent.

Immediately on January 1st any asset you own that has gained in value will be wroth 30% less because our loser roommate (the federal government) will steal it and still make us pay for all of it's excesses.

You know who this hurts most? Women and children in pensions funds.

Well they are also dealing with a run on the Comex in the silver market at the same time, but that is a different discussion.

[jukin]

Well they are also dealing with a run on the Comex in the silver market at the same time, but that is a different discussion.

I will not be surprised if Lord Zero decides to pull an FDR and make gold and silver ownership illegal except for a small amount of jewelery.

[Allentownjake]

I will not be surprised if Lord Zero decides to pull an FDR and make gold and silver ownership illegal except for a small amount of jewelery.

It be easier to start a war with North Korea.  This isn't 1933, people are way too connected and the people that are hoarding silver and gold are also hoarding fire arms.

[Freeper]

It be easier to start a war with North Korea.  This isn't 1933, people are way too connected and the people that are hoarding silver and gold are also hoarding fire arms.

Hell all Obama has to do to get that gold is, let the economy fall and after those with gold start using it to buy things confiscate the gold from the stores. 

[Allentownjake]

Hell all Obama has to do to get that gold is, let the economy fall and after those with gold start using it to buy things confiscate the gold from the stores. 

Well he can get silver that way, I anticipate gold would be for larger transactions.

[Carl]

your buddy list Click to add this author to your Ignore list    Sat Dec-04-10 10:20 AM
Response to Original message
3. If the entire tax cut sunsets....
   
There will be an infusion of money into the government at next year's tax filing.

That will affect EVERYTHING you have to pay for. Government fees for passports and licenses won't have to go up or won't go up so sharply. Food will not be as costly because inflation will be less.

WE WIN if the entire bill sunsets.

Can someone even begin to explain the thinking behind that statement.

[Allentownjake]

Actuall any infusion or increase in revenues would start the first week of January.

ADP and the other payroll services must be going nuts right now trying to figure out the witholding they are going to implement on 1/1/2011.

[Ballygrl]

If Barry does not extend the capital gains tax cut he is going to be hit with a massive sell-off of stocks prior to Christmas which will effectively end his Presidency.

Do you think he would risk that? does he even care?

[Allentownjake]

Do you think he would risk that? does he even care?

Barry has had a fixation on the stock market since taking office.  The value of that market is where he is putting his hopes of re-election.

Barry gave Bernake a second term, because he is probably the only economist corrupt and foolish enough to go with Barry's plans and instead of putting a stop to the government's crazy actions by raising rates, to enable them further by monetizing debt.   Even Krugman as crazy as some of his warped ideas are, would be a better fair chair than Bernake, because Krugman has the balls in him to tell Obama to go **** himself.  The Bernank has no such intestinal fortitude.

So, does he care, yes.  He believes in the wealth effect of the stock market and if Ben Bernake creates enough cheap credit and prints enough money the economy will recover in time for him to recieve a second term.

The problem with the Bernank and Barry's theory.  If the market goes up 20% and the dollar devalues 20% you have no wealth creation.

[ColonialMarine0431]

Can someone even begin to explain the thinking behind that statement.

Only a DUmmy could do that. I swear I don't think anybody on Skin's Island ever took Economics 101. 

[DumbAss Tanker]

Can someone even begin to explain the thinking behind that statement.

I would hazard a guess that the idiot thinks less take-home pay across the board would be deflationary and force prices lower.  Despite cause-effect relationship holes that could accommodate a supertanker with ease, I still may be heavily overestimating the reasoning ability of this idiot.

[ColonialMarine0431]

Despite cause-effect relationship holes that could accommodate a supertanker with ease

Such eloquence should be rewarded. 

[Carl]

I would hazard a guess that the idiot thinks less take-home pay across the board would be deflationary and force prices lower.  Despite cause-effect relationship holes that could accommodate a supertanker with ease, I still may be heavily overestimating the reasoning ability of this idiot.

You mean that little problem of raising taxes on businesses or business owners causes the price of goods and services produced by them to rise? 

[jukin]

Can someone even begin to explain the thinking behind that statement.

Plain and simple POTATONOMICS;

It thinks that wages will have inflationary pressure and rise but that commodities and energy will stay the same. Inflation is just a big pay raise.

[true_blood]

Cant trust em  Donating Member  (1000+ posts)    Sat Dec-04-10 10:39 AM
Response to Reply #6
9. Is a 2000 increase supposed to be a small amount or a large one? What's your interpretation on this number?

This genius DUmmie can't figure it out.
Let me help. Anytime taxes go up = bad. Not only that jack up taxes, you lose money from your wallet. Plus, it empowers the gubberment. Pretty simple actually, Dummy. Plus, anytime they raise taxes, what's to say they will stop at that "current" level?
You are aware they are talking of a 15 cent gas tax on every gallon you put into your car/truck, right? Or did you happen to miss that one?

[diesel driver]

This genius DUmmie can't figure it out.
Let me help. Anytime taxes go up = bad. Not only that jack up taxes, you lose money from your wallet. Plus, it empowers the gubberment. Pretty simple actually, Dummy. Plus, anytime they raise taxes, what's to say they will stop at that "current" level?
You are aware they are talking of a 15 cent gas tax on every gallon you put into your car/truck, right? Or did you happen to miss that one?

If you could convince the DUmmies the 15cent/gallon tax on gas and diesel would cause their pizza and cheetos to go up in price, because it takes DIESEL FUEL in a TRUCK to BRING THE PRODUCTS TO THE STORE, and it takes GAS in a CAR for the pizza delivery guy/gal to BRING YOUR PIZZA, THEN they might see a glimmer of understanding on how the REAL WORLD works.

DUmmies have minds of cement:  thoroughly mixed and permanently set.

[franksolich]

DUmmies have minds of cement:  thoroughly mixed and permanently set.

Good one, sir.

Awesome.

[USA4ME]

There's nothing wrong with this economy that an injection of free enterprise and personal liberty won't cure.  Primitives don't believe in either.

.

[thundley4]

There's nothing wrong with this economy that an injection of free enterprise and personal liberty won't cure.  Primitives don't believe in either.

.

Personal liberal requires one to be responsible for their own well being. DUmmies willing trade their freedom and liberty for the security of the nanny state.

[I_B_Perky]

Personal liberal requires one to be responsible for their own well being. DUmmies willing trade their freedom and liberty for the security of the nanny state.

As long as dummies can buy their weed and cheetos, they will willingly be led to the slaughter that results from the tyranny on the left. What these idiots seem to overlook is when the leftists take over, their masters will look upon them as the parasites they really are and send them off to the gulag.

Dummies are really, really stupid.

[NHSparky]

Actuall any infusion or increase in revenues would start the first week of January.

ADP and the other payroll services must be going nuts right now trying to figure out the witholding they are going to implement on 1/1/2011.

Well at the rate we're going, looks like the old tax rates (pre-2001/2003) will be the most likely outcome.

Some Dems have gone on the record saying they want ALL the Bush tax cuts to expire rather than extend them for anyone making over $250K.

Psst...DUmmies--the taxes won't just go up on the "rich".  They'll go up on you too, ****sticks.

[Allentownjake]

Well at the rate we're going, looks like the old tax rates (pre-2001/2003) will be the most likely outcome.

Some Dems have gone on the record saying they want ALL the Bush tax cuts to expire rather than extend them for anyone making over $250K.

Psst...DUmmies--the taxes won't just go up on the "rich".  They'll go up on you too, ****sticks.

Well the Fed's Primary Open Market Operations next week and the week after to try to protect from the market from liquidations