it really bothers me that the minimum wage bill was blocked

[hsmith]

god people, it doesn't matter WHERE THE MONEY IS INVESTED it always is put to use within the economy!@################# it doesn't matter if they spend none of it, or squander all of the money, it ALL gets used throughout the economy. either through direct spending or as capital to loan against.

[Diesel66]

Originally Posted by Thorgrim

You don't believe in progressive taxing in general from what I picked up, so there's no point in a debating you on this

In our last depression, the rich and others saved their money and refused to spend it, it caused a depression

Those activities do not help an economy

govt tripling the taxes during the depression didnt help the economy either

[Ardentfrost]

Originally Posted by hsmith

Lets assume that the hiltions have their $300 million sitting in a bank of america checking account.

Now what does that do. Well, it allows bank of america to extend more lines of credit because they have large stockpiles of cash they can lend against. with this large cash deposit, it also lowers the lending interest rate because their is more money to be given out. lower rates and more money to give out allows more people to take loans and create new business.

Hey, I just said this like 20 posts ago

[Scrum]

Originally Posted by Diesel66

What gives you the right to tax it twice ? And if estates are legitament taxable items, why the 2 million dollar limit ? Everyone should be taxed.

It's not taxed twice. That's like saying you shouldn't have to pay taxes because the money you pull in was already taxed at some point. You never payed taxes on money your parents passed to you.

I never set the limit.

[hsmith]

Originally Posted by Ardentfrost

Hey, I just said this like 20 posts ago

it needs to be said again!

[ballz2wallz]

Originally Posted by hsmith

Lets assume that the hiltions have their $300 million sitting in a bank of america checking account.

Now what does that do. Well, it allows bank of america to extend more lines of credit because they have large stockpiles of cash they can lend against. with this large cash deposit, it also lowers the lending interest rate because their is more money to be given out. lower rates and more money to give out allows more people to take loans and create new business.

i guess thorgrim assumes that these rich people aren't rich because they are smart, but because they are stupid people that got lucky, and have no idea how to invest their money, so they put it under their pillow

and they aren't willing to spend a little money on professional financial managers. don't financial managers seek out the rich?

[Thorgrim]

Originally Posted by 6SpeedTA95

Then where do they put it?

Deposit boxes, also one-time spends...like buying gold to stimulate the economy once, but then keeping the gold in your house or at a bank and out of circulation

While other money is in continual circulation

[6SpeedTA95]

Originally Posted by Thorgrim

You don't believe in progressive taxing in general from what I picked up, so there's no point in a debating you on this

In our last depression, the rich and others saved their money and refused to spend it, it caused a depression

Those activities do not help an economy

What depression is this

[Diesel66]

Originally Posted by Scrumtralecent

It's not taxed twice. That's like saying you shouldn't have to pay taxes because the money you pull in was already taxed at some point.

But you dont except in the cases of dividends.

Your paycheck was a write off for your employer.

[hsmith]

Originally Posted by Scrumtralecent

It's not taxed twice. That's like saying you shouldn't have to pay taxes because the money you pull in was already taxed at some point. You never payed taxes on money your parents passed to you.

I never set the limit.

please tell me how the gov't is a better spender of money than the investment analsists who control the Hilton fortune

[ballz2wallz]

Originally Posted by Scrumtralecent

It's not taxed twice. That's like saying you shouldn't have to pay taxes because the money you pull in was already taxed at some point. You never payed taxes on money your parents passed to you.

I never set the limit.

it's ABSOLUTELY taxed twice. dad makes the money, gets taxed (out the ass no less) and gives it to daughter, the money gets taxed again (out the ass no less)

[Scrum]

Originally Posted by lew

So you want to push your beliefs on what "earning" means on to someone else?


Fascist.

You want to push your beliefs on what "life" is?


Right back at ya.

[ballz2wallz]

Originally Posted by Thorgrim

Deposit boxes, also one-time spends...like buying gold to stimulate the economy once, but then keeping the gold in your house or at a bank and out of circulation

While other money is in continual circulation

nobody is that stupid.

[6SpeedTA95]

Originally Posted by Thorgrim

Deposit boxes, also one-time spends...like buying gold to stimulate the economy once, but then keeping the gold in your house or at a bank and out of circulation

While other money is in continual circulation

VERY few assets are kept in deposit boxes, if someone wants to keep money in that, its their money so they can do what they want, but the vast majority wont do that.

[Ardentfrost]

Originally Posted by Thorgrim

Deposit boxes, also one-time spends...like buying gold to stimulate the economy once, but then keeping the gold in your house or at a bank and out of circulation

While other money is in continual circulation

Every expenditure only stimulates once. I've already been over what buying gold does to help the economy. They buy, prices raise, others sell, the money is merely transferred through someone else.

[Thorgrim]

Originally Posted by Diesel66

govt tripling the taxes during the depression didnt help the economy either

A F T E R

[ballz2wallz]

Originally Posted by hsmith

please tell me how the gov't is a better spender of money than the investment analsists who control the Hilton fortune

yeah i want to hear this as well

[hsmith]

Originally Posted by ballz2wallz

i guess thorgrim assumes that these rich people aren't rich because they are smart, but because they are stupid people that got lucky, and have no idea how to invest their money, so they put it under their pillow

and they aren't willing to spend a little money on professional financial managers. don't financial managers seek out the rich?

We all benefit from capital accumulation.

We all benefited from Henry Ford passing his billion dollar estate to his children. It allowed for the accumulated capital to be saved, so it didn't have to be rebuilt again. This allowed for the public to purchase cheaper cars, because they didn't need to raise prices to rebuild lost capital.

[lew]

Originally Posted by Thorgrim

You don't believe in progressive taxing in general from what I picked up, so there's no point in a debating you on this

In our last depression, the rich and others saved their money and refused to spend it, it caused a depression

Those activities do not help an economy

Right.

And the government engaging us into WW1 had NOTHING to do with the Depression. Nothing at all.

[hsmith]

so now throgrim is arguing that the rich keep their money in deposit boxes, earning negative interest?