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Plunkey ... plz explain

PICK3

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The 1 Chart That Reveals Just How Grossly Unfair The U.S. Tax System Has Become

Payroll taxes now make up 35 percent of all federal government tax receipts, up from 11 percent in 1950. Corporate income taxes, meanwhile, now make up less than 10 percent of federal revenue, down from about 26 percent in 1950.
 
LOL @ plunkey's "good trend" comment. Wages in most cases have not kept up with inflation. Taxes have increased thus giving the poor and middle class less disposable cash... and this somehow is a good thing

And you wonder why the economy hasn't rebound. Those with cash are sitting on it, thus stifling the recovery further

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gjohnson5 said:
LOL @ plunkey's "good trend" comment. Wages in most cases have not kept up with inflation. Taxes have increased thus giving the poor and middle class less disposable cash... and this somehow is a good thing

And you wonder why the economy hasn't rebound. Those with cash are sitting on it, thus stifling the recovery further

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Click to expand...

The answer is simple: I'd raise corporate taxes another 5%-10% so they'll shift their profits overseas even more aggressively.

http://www.nytimes.com/2013/05/21/b...ressional-panel-says.html?pagewanted=all&_r=0
 
the tax system has traditionally been designed to foster capital investment through lower corporate and capital gains rates. Thats why the corporate tax rate has shrunk as a total piece of the pie in that graph. But (I think) with W2 jobs outpacing the business startups and corporations over the last 50 years, that graph is now a bad thing now that payroll taxes are taking up a larger piece of the total tax revenue pie.
 
-SD- said:
the tax system has traditionally been designed to foster capital investment through lower corporate and capital gains rates. Thats why the corporate tax rate has shrunk as a total piece of the pie in that graph. But (I think) with W2 jobs outpacing the business startups and corporations over the last 50 years, that graph is now a bad thing now that payroll taxes are taking up a larger piece of the total tax revenue pie.
Click to expand...

Since I believe there's a consensus that corporate tax revenues are too low, what if we did something really profound to raise total revenues -- like made the US a tax haven and nation-wide free trade zone?

No, let's just raise corporate taxes. It's worked so well so far.
 
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mrplunkey said:
Since I believe there's a consensus that corporate tax revenues are too low, what if we did something really profound to raise total revenues -- like made the US a tax haven and nation-wide free trade zone?

No, let's just raise corporate taxes. It's worked so well so far.
Click to expand...

The consensus is:

I didn't have dick with the former tax structure

I won't have dick with the future tax structure




just sayin'
 
PICK3 said:
The consensus is:

I didn't have dick with the former tax structure

I won't have dick with the future tax structure




just sayin'
Click to expand...

Take that pool boy job and you'll have more dick than you can handle!
 
mrplunkey said:
Since I believe there's a consensus that corporate tax revenues are too low, what if we did something really profound to raise total revenues -- like made the US a tax haven and nation-wide free trade zone?

No, let's just raise corporate taxes. It's worked so well so far.
Click to expand...

I always thought it was funny that the goobermint actually thinks corps will just take increased taxes lying down. Like these corps are sitting around thinking "yes increased taxes, its for the good of all and we are more than happy to pay it!"

Corps have the money and the wherewithal to avoid tax increases, taking the money out of the US is one way.

Corps dont take this sort of thing lying down and why should they, why should anyone?
 
gjohnson5 said:
The answer here is also simple. Don't buy any Apple products....
Or other companies products who don't support American workers and the American economy
Click to expand...

Yeah, let's all fight the free market!

That will turn out well.
 
But I thought Apple was a bastion of progressive free thinkers, free spirits, and washed in a sea of liberal blue? So now they are just another greedy tax dodging corporation ?

Does....not...compute
 
-SD- said:
But I thought Apple was a bastion of progressive free thinkers, free spirits, and washed in a sea of liberal blue? So now they are just another greedy tax dodging corporation ?

Does....not...compute
Click to expand...

Surely you aren't suggesting that a company's image and a company's actions can be different?

It pleases me to no end to see a Prius that has probably been charged on 100% coal-fired electricity sporting an "Apple" and a "Buy Local Food" bumper sticker.
 
Im sure the ghost of Steve Jobs will now be summoned to congress to tell us its just all one big misunderstanding
 
PICK3 said:
Richest 1% control 39% of world's wealth and growing - NBC News.com
Click to expand...

The best thing about "richness" is that it isn't a sum-zero game. Think about cell phones, polio vaccines or the Internet -- those breakthroughs made virtually everyone on the planet more wealthy in a very short period of time.

And even when times are tough, the richest continue to grow. It's the middle and lower classes that get killed from stagnation of the economy and the destruction of jobs.

Even if you buy into the narrative that the "rich" are driven entirely by unchecked greed and self-enrichment, why not turn them loose to do their thing? Their pursuit of the all-mighty dollar will force them to compete for labor which in turn will bid-up the price of labor and drive productivity enhancements.

Look at the alternative: The poor and middle class getting their "wealth" through the government. The government doesn't drive innovation or productivity -- it simply transfers payments from one group to another (after taking their own hefty cut). And why would the political class ever solve the poverty problem? Politicians want locked-in incumbency. And the only way they'll ever get that is by establishing a permanent voting block that will always break their way.

This just doesn't seem that complicated to me. The system works as intended.
 
At least politicians dont redraw district lines to lock in their incumbency for decades, no way that happens.
 
If I take a bucket full of water from the deep end of the pool then add it to the shallow end of the pool, have I added water to the pool?
 
mrplunkey said:
Since I believe there's a consensus that corporate tax revenues are too low, what if we did something really profound to raise total revenues -- like made the US a tax haven and nation-wide free trade zone?

No, let's just raise corporate taxes. It's worked so well so far.
Click to expand...

Just like Ireland's revenues have increased?
 
-SD- said:
If I take a bucket full of water from the deep end of the pool then add it to the shallow end of the pool, have I added water to the pool?
Click to expand...

Exactly.

We need to quit ostracizing and threatening the guys who add water to the pool.
 
gjohnson5 said:
The answer here is also simple. Don't buy any Apple products....
Or other companies products who don't support American workers and the American economy
Click to expand...

I thought about you today!

No lie.

I was looking for a Windows Ultrabook/Tablet, first at Staples and then at Best Buy. I had it narrowed down to something in the Surface Pro family. But when I was at Best Buy, I noticed how small, light and nifty the Mac Air 11 was. Then I made a quick call and found that it can boot Windows 7 or 8 just fine.

So I had a bona fide consumer moment: Do you go with the Surface Pro i7 or a Mac Air 11 (albeit an i5 processor). Then I thought to myself: "Apple mitigates their US taxes which reduces the destructive power of our over-reaching government." So I bought the Air 11. I walked through the parking lot thinking you'd be pleased.

I'll post a photo of the machine if necessary. Good times!
 
Mr. dB said:
And yet last year Ireland was on the verge of needing an EU bailout. Providing a tax free corporate paradise hasn't done them much good.
Click to expand...


Funny how their math never works out. Ever. It's all theory, which gets decimated by reality. Ireland's learning the hard way that just being a comfy couch for tax evaders doesn't do their people any good. I'll bet the lobbyists that were over there who got that whole thing rolling were promising the Irish politicians they could be Galts gulch.
 
Mr. dB said:
A rising tide lifts all yachts, huh?
Click to expand...

Liberals are willing to let all the small boats sink just to insure the yachts can't rise.

I guess they're sticking to their principals, but the poor & middle class can't serve principals for dinner.
 
Mr. dB said:
And yet last year Ireland was on the verge of needing an EU bailout. Providing a tax free corporate paradise hasn't done them much good.
Click to expand...

Ireland is a spectacular example. They have:

1) A huge social safety net

2) A ridiculous business development arm (the IDA).

Basically any medical condition you can claim with a straight face gets you benefits in Ireland.

And any business case you can make with a straight face gets you and IDA grant.

And even in the wake of both those disastrous policies, their tax policy almost pulls them out of it.
 
mrplunkey said:
Ireland is a spectacular example. They have:

1) A huge social safety net
Basically any medical condition you can claim with a straight face gets you benefits in Ireland.
Click to expand...

Social expenditure as % of GDP
# 1 Denmark: 29.2
# 2 Sweden: 28.9
# 3 France: 28.5
# 4 Germany: 27.4
# 5 Belgium: 27.2
# 6 Switzerland: 26.4
# 7 Austria: 26
# 8 Finland: 24.8
# 9 Italy: 24.4
#10 Netherlands: 24.3
#10 Greece: 24.3
# 12 Norway: 23.9
# 13 Poland: 23
# 14 United Kingdom: 21.8
# 15 Portugal: 21.1
# 16 Luxembourg: 20.8
# 17 Hungary: 20.1
# 17 Czech Republic: 20.1
# 19 Iceland: 19.8
# 20 Spain: 19.6
# 21 New Zealand: 18.5
# 22 Australia: 18
# 23 Slovakia: 17.9
# 24 Canada: 17.8
# 25 Japan: 16.9
# 26 United States: 14.8
# 27 Ireland: 13.8
# 28 Mexico: 11.8
# 29 Korea, South:
 
Unlezz the current tarriff that were in places brefore bushsr and Clinton are teunped
The day its more profitiavle ro profuce here. itllis. the day we become avsupervpowerv (manufarlturuobfvwose

Sent from my SCH-I535 using EliteFitness
 
brownbrown said:
Unlezz the current tarriff that were in places brefore bushsr and Clinton are teunped
The day its more profitiavle ro profuce here. itllis. the day we become avsupervpowerv (manufarlturuobfvwose

Sent from my SCH-I535 using EliteFitness
Click to expand...

My thoughts exactly!
 
yes, nose up your butt...now tell us all about Irelands out of control social expenditures. :popcorn:

some anecdotes about business loans there perhaps. Did you connect to London once through Dublin? Is that 2 hour layover the source of your keen insight into Irish business practices? Or did you sit next to a drunk Irishman at a bar once? Oh do tell. :popcorn:
 
redsamurai said:
So if I can conjugate all this nonsense together for a moment...you basically have shit huh? :lmao:

You blew it out yer ass and got popped by Chief Constable Red, "again". :lmao: mazeltov :coffee:
Click to expand...

My response was succinct, technically accurate, properly wordsmithed and an overall pleasure to read.

What did you think of it?
 
Yeah, you guys may enjoy taking shots at redsam in your free time, but you cant deny he just proved plunkey was full of shit with a simple source.

To be fair, plunkey not knowing what he's talking about is the very definition of old news, so I dont think anybody could be blamed for glossing over it.

Carry on.

inb4 plunk changes the subject.
 
75th said:
Yeah, you guys may enjoy taking shots at redsam in your free time, but you cant deny he just proved plunkey was full of shit with a simple source.

To be fair, plunkey not knowing what he's talking about is the very definition of old news, so I dont think anybody could be blamed for glossing over it.

Carry on.

inb4 plunk changes the subject.
Click to expand...

You're just upset because you're a slightly (and I do mean slightly) smarter version of RedScam(TM).

Real talk.
 
75th said:
Yeah, you guys may enjoy taking shots at redsam in your free time, but you cant deny he just proved plunkey was full of shit with a simple source.

To be fair, plunkey not knowing what he's talking about is the very definition of old news, so I dont think anybody could be blamed for glossing over it.

Carry on.

inb4 plunk changes the subject.
Click to expand...

Pwnt!!

Of course they "can" deny it, it's just not reality. I've done this a number of times, this happens every time. It's just amazing how woefully inaccurate his statement really was this time.
 
mrplunkey said:
You're just upset because you're a slightly (and I do mean slightly) smarter version of RedScam(TM).

Real talk.
Click to expand...


Still dancing around the pwnage. Now ur going to insult 75th because he had the audacity to acknowledge that yes indeed, you are full of shit from head to toe. And you'll get ur pool boys to come in and prop up the insults so no one else will jump in. This is how you work.


But I still want some explanation here. Your theory was that despite Ireland being a tax sheltering club med, they're still doing terribly because of their social netting. Ok so I posted what at least appears to be the complete opposite of what you claim. And yet no response from you. Why is that? Are those numbers wrong? Can we anecdote those numbers away? If Ireland really just a bunch of Bolshevik comrades who talk funny and wear a lot of knee hi's? C'mon bro, let's hear it!!! :popcorn:

Tell us why Enda, and the fine gael party, are really leftist Irish overlords nefariously biding their time. :lmao:
 
PICK3 said:
still brighter than RedScam the EF Cuckold(TM)
Click to expand...

I'll concede that. He's slightly smarter.

But then again, if his position is that I'm always wrong... does that make him dumber than RedScam(TM)?

This is a real head-scratcher.

bush_04_06_2004_head_scratch.jpeg
 
75th, now that they've had to resort to making peen jokes, what do you think about this article seeing as you're probably someone who knows at least a little about the fuck your talking about unlike the fat old dude with hideous hay seed nibbling teef.

Ireland's economic crisis: how did it happen and what is being done about it?


All further discussion in this thread with anyone besides 75th is officially terminated on my end. There's nothing to say. Unless someone else comes in and has some sort of a valid fact based opinion about what Irelands problem was. Which obviously means someone who has yet to post here.
 
Well, here's the funny thing about plunkey...aside from the fact that not only did indeed immediately change the subject but has (apparently) resorted to making things up about other members (eg canned from the financial services industry - hard to be canned when I am one of two who run the firm. Such is dealing with plunkey. Yet another attempt to divert).

The funny thing is that the fact that Ireland spends a relatively small % of GDP (comparatively speaking) is not up for dispute. Hence it being a fact. If plunkey was such a wise fiscal conservative, he would be in this thread pleading for us to adopt the Irish social safety net model. After all, a country that spends less than most yet has (according to plunkey) one of the most liberal social safety nets is a country we should look up to, yes? It seems like they have cracked the code.

Further proof the man is simply trolling.
 
redsamurai said:
75th, now that they've had to resort to making peen jokes.
Click to expand...

Eh it's not surprising. Plunkey is just a tad intimidated. After all, I'm younger, smarter, more successful and command a much higher degree of respect amongst my family and surrounding community. When all else fails, make wee-wee jokes!
 
75th said:
Eh it's not surprising. Plunkey is just a tad intimidated. After all, I'm younger, smarter, more successful and command a much higher degree of respect amongst my family and surrounding community. When all else fails, make wee-wee jokes!
Click to expand...

poast pics of your castle or I call BS
 
Pick3, I need some advice here.

The OECD statistics for 2012 (published in 2013) measuring public social expenditures as a percentage of GDP show the following:

US: 19.4%
Ireland: 23.1%

Social Expenditure - Aggregated data

That’s a full 19% higher than the US expenditures – and that’s disregarding the fact that Ireland has socialized health care and dumps a lot of its costs on employers as well.

What would you do?

1) Wait until the morning to burst RedScam(TM)’s bubble or do it tonight?

2) Would you chastise RedScam(TM)'s for using a source that’s probably from CyberCollege or a similarly non-credible source?

3) Should I call-out 75th as a bandwagon retard for adopting RedScam(TM)'s argument without checking his sources first?

4) Would it be better to let those two wallow in their ignorance? Am I taking away the best thing that’s happened to both of them today?

5) Would you consider 75th just as ignorant as RedScam(TM) at this point, or do we still give him a slight mental advantage?

This is a real conundrum. Any insight would be appreciated.
 
75th said:
Eh it's not surprising. Plunkey is just a tad intimidated. After all, I'm younger, smarter, more successful and command a much higher degree of respect amongst my family and surrounding community. When all else fails, make wee-wee jokes!
Click to expand...

What I find amusing about rs making peen jokes is that he can barely go 5 posts without making a comment about turd's dick.
 
mrplunkey said:
Pick3, I need some advice here.

The OECD statistics for 2012 (published in 2013) measuring public social expenditures as a percentage of GDP show the following:

US: 19.4%
Ireland: 23.1%

Social Expenditure - Aggregated data

That’s a full 19% higher than the US expenditures – and that’s disregarding the fact that Ireland has socialized health care and dumps a lot of its costs on employers as well.

What would you do?

1) Wait until the morning to burst RedScam(TM)’s bubble or do it tonight?

2) Would you chastise RedScam(TM)'s for using a source that’s probably from CyberCollege or a similarly non-credible source?

3) Should I call-out 75th as a bandwagon retard for adopting RedScam(TM)'s argument without checking his sources first?

4) Would it be better to let those two wallow in their ignorance? Am I taking away the best thing that’s happened to both of them today?

5) Would you consider 75th just as ignorant as RedScam(TM) at this point, or do we still give him a slight mental advantage?

This is a real conundrum. Any insight would be appreciated.
Click to expand...

lemme contemplate it for awhile

the list of viable retorts is long



and so is my ...
 
And by peen, you mean cock, or dick.

Just making sure we're all on the same page here
 
PICK3 said:
lemme contemplate it for awhile

the list of viable retorts is long



and so is my ...
Click to expand...

75th's attention to detail and relentless pursuit of source-checking must make him a crackerjack financial guy.
 
Only thing that would make this thread any better is the Perfect Citationing
 
mrplunkey said:
75th's attention to detail and relentless pursuit of source-checking must make him a crackerjack financial guy.
Click to expand...

ooloolollolololollool

I gotta hand it to you - I was feeding my son his nightly bottle when I read your reply with your link and HE spit out his milk.

Ok, pay attention as the following lesson will rival the one where you learned that how 3 people are dressed in the lobby of an airport Sheraton is under no circumstances an accurate barometer of the economy of an entire country.

You're not too bright, so lets start this lesson with two yes or no questions:

1) Does limiting your search criteria in the link you provided to only one type of spending give you an accurate representation of total spending as a % of GDP? Yes or no.

Hint: No

2) Does singling out one single year - coincidentally one of the worst economic years in recent memory where social spending is unusually inflated - give you an accurate representation of traditional spending as a % of GDP? Yes or no.

Hint: No.

No wonder you make your living selling x-ray machines. Please dont bother even trying to discuss anything related to finance anymore. You simply embarrass yourself.
 
75th said:
ooloolollolololollool

I gotta hand it to you - I was feeding my son his nightly bottle when I read your reply with your link and HE spit out his milk.

Ok, pay attention as the following lesson will rival the one where you learned that how 3 people are dressed in the lobby of an airport Sheraton is under no circumstances an accurate barometer of the economy of an entire country.

You're not too bright, so lets start this lesson with two yes or no questions:

1) Does limiting your search criteria in the link you provided to only one type of spending give you an accurate representation of total spending as a % of GDP? Yes or no.

Hint: No

2) Does singling out one single year - coincidentally one of the worst economic years in recent memory where social spending is unusually inflated - give you an accurate representation of traditional spending as a % of GDP? Yes or no.

Hint: No.

No wonder you make your living selling x-ray machines. Please dont bother even trying to discuss anything related to finance anymore. You simply embarrass yourself.
Click to expand...

:Popcorn:
 
For those watching for entertainment purposes:

2uh1vyx.jpg


I conveniently changed Plunkey's top criteria from only public spending to total spending (public + mandatory private. Makes sense for anybody who knows anything).

I also took the liberty of comparing Ireland to two EU countries who are in vastly superior economic shape. OMG ITS THEIR HIGH SOCIAL SPENDING THATS CAUSING ALL THEIR PROBLEMS!!!!@#@#@#!!
 
That sound you just heard was all the microphones around the world dropping all at once.
 
75th said:
ooloolollolololollool

I gotta hand it to you - I was feeding my son his nightly bottle when I read your reply with your link and HE spit out his milk.

Ok, pay attention as the following lesson will rival the one where you learned that how 3 people are dressed in the lobby of an airport Sheraton is under no circumstances an accurate barometer of the economy of an entire country.

You're not too bright, so lets start this lesson with two yes or no questions:

1) Does limiting your search criteria in the link you provided to only one type of spending give you an accurate representation of total spending as a % of GDP? Yes or no.

Hint: No

2) Does singling out one single year - coincidentally one of the worst economic years in recent memory where social spending is unusually inflated - give you an accurate representation of traditional spending as a % of GDP? Yes or no.

Hint: No.

No wonder you make your living selling x-ray machines. Please dont bother even trying to discuss anything related to finance anymore. You simply embarrass yourself.
Click to expand...

Just own-up to the fact that you hitched your cart to a retarded horse without checking facts. Face it, you fucked up. Now move on.

Do you remember this exchange?

75th said:
Delicious irony considering how you're wrong about pretty much everything.
Click to expand...

mrplunkey said:
Well you certainly aren't man enough to admit you're wrong. There's no point in even asking you.
Click to expand...

75th said:
orly?
Click to expand...

Here's your chance to take the consolation prize. Just admit you jumped too soon and move on. Think of the upside -- you'll have proven me wrong on my statement about you never admitting you're wrong. Isn't that worth something?
 
I bet.

The best part is I can literally feel plunkey bending over backwards trying to come up with a way to spin this.

Inb4 changing the subject.
 
75th said:
Inb4 changing the subject.
Click to expand...

plunkster said:
Here's your chance to take the consolation prize. Just admit you jumped too soon and move on. Think of the upside -- you'll have proven me wrong on my statement about you never admitting you're wrong. Isn't that worth something?
Click to expand...

loolololllloololollo right on time!
 
Lets see:

Hasnt answered two simple questions.

Ignored facts posted up for him to review.

Trying to change the subject.

It's our China conversation all over again. I love how things never change much around here.
 
Watching you squirm on the hook is entertaining to me.

I wonder if you'll jump on the RedScam(TM) bandwagon so quickly next time.

In a weird way, I think you might.
 
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