|
Author |
Message |
cdlxxvi |
This post is not being displayed .
|
cdlxxvi Nearly there...
Joined: 13 Feb 2012 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
chickenstrip |
This post is not being displayed .
|
chickenstrip Super Spammer
Joined: 06 Dec 2013 Karma :
|
Posted: 13:54 - 31 Dec 2018 Post subject: |
|
|
mpd72 CPT wrote: | chickenstrip wrote: | He's a twat and the world would be well rid of him. But he is the result of a (sometimes) different kind of twattery. I see him as a wake-up call, as is Brexit. Unfortunately, those that are really responsible for the emergence of such are still asleep. What does it take?! I'm for more of it until the world does wake up. |
Or cutting the bullshit, he's not Liberal enough for most left wingers, neither is Brexit.
I'd much rather have him in charge of the UK than May or Corbyn. I suspect I'm not alone either. |
I kind of suspect you'd rather have Pol Pot though, and I'm drifting in that direction myself
Oh God, what did the world do to deserve such pathetic politicians and "leaders"? ____________________ Chickenystripgeezer's Biking Life (Latest update 19/10/18) Belgium, France, Italy, Austria tour 2016 Picos de Europa, Pyrenees and French Alps tour 2017 Scotland Trip 1, now with BONUS FEATURE edit, 5/10/19, on page 2 Scotland Trip 2 Luxembourg, Black Forest, Switzerland, Vosges Trip 2017
THERE'S MILLIONS OF CHICKENSTRIPS OUT THERE! |
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
- |
This post is not being displayed because the poster has bad karma. Unhide this post / all posts.
|
- Super Spammer
Joined: 22 Oct 2013 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
chickenstrip |
This post is not being displayed .
|
chickenstrip Super Spammer
Joined: 06 Dec 2013 Karma :
|
Posted: 14:01 - 31 Dec 2018 Post subject: |
|
|
cdlxxvi wrote: | M.C wrote: |
Its funny that he seems to be delivering or trying to deliver on his campaign pledges. Is that why politicians don't like him? |
What exactly did he deliver? |
To focus so obsessively on the man is to ignore the issues that put him where he is. What sleeping tablets did you take?! No, wait...you weren't one of the ones who was suffering. Phew, that's ok then!
Besides which, to blame him for the things he didn't deliver is kind of daft. You can't say he hasn't tried, and you don't want the things he promised anyway.
Do you think he'll get another term? ____________________ Chickenystripgeezer's Biking Life (Latest update 19/10/18) Belgium, France, Italy, Austria tour 2016 Picos de Europa, Pyrenees and French Alps tour 2017 Scotland Trip 1, now with BONUS FEATURE edit, 5/10/19, on page 2 Scotland Trip 2 Luxembourg, Black Forest, Switzerland, Vosges Trip 2017
THERE'S MILLIONS OF CHICKENSTRIPS OUT THERE! |
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
cdlxxvi |
This post is not being displayed .
|
cdlxxvi Nearly there...
Joined: 13 Feb 2012 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
Posted: 14:22 - 31 Dec 2018 Post subject: |
|
|
cdlxxvi wrote: | M.C wrote: | My incomplete list as someone who doesn't give a f**k about US politics but still seems to be paying more attention than you
- tax reforms
- fite with China, whether you agree or disagree with it
- banning bump stocks, not a pledge but it shows the tw@ can react
- gave up on scrapping Obamacare but tried
- trying to build his wall even though he'll probably fail
He's a colossal arse and a complete shyster, yet he has already proven himself truer to his word than most politicians. What did Obama deliver on except for Obamacare which half the US seem to hate? |
I specifically responded to your mention of delivering on his campaign pledges with a request for examples of promises he did deliver, so let's just skip things that he planned to try to attempt to aspire to dream about, and knee jerk reactions to random events.
Fancy trying again? |
So the first two on my list? MPD listed a load more as he obviously pays more attention to US politics than I do |
|
Back to top |
|
You must be logged in to rate posts |
|
|
cdlxxvi |
This post is not being displayed .
|
cdlxxvi Nearly there...
Joined: 13 Feb 2012 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
- |
This post is not being displayed because the poster has bad karma. Unhide this post / all posts.
|
- Super Spammer
Joined: 22 Oct 2013 Karma :
|
Posted: 14:59 - 31 Dec 2018 Post subject: |
|
|
cdlxxvi wrote: |
Tax reform: how do you consider the fact that the poorest are actually taxed more a success? |
A blatant lie, aka "fake news"? It's not a "fact" is it, unless you believe the Anti Trump media.
Fact me till I fart...
Quote: | The numbers are now in. According to Congress' nonpartisan Joint Committee on Taxation (JCT), the rich are now paying a higher share of federal taxes after enactment of the Republican tax reform plan than before.
For 2017, before tax reform, the JCT estimates those earning $1 million or more a year paid 19.5% of all federal taxes, counting income taxes, payroll taxes, and excise taxes. But for 2018, after tax reform, the committee estimates that these same millionaire taxpayers will pay 20.4% of all federal taxes.......
Those same economic effects of the tax reform amount to economic liberation for the poor, working people and the middle class. After 8 years of economic stagnation under the neo-socialist policies of Obamanomics, the rising wages, jobs, employment and income under the long overdue Trump Republican economic recovery are making America great again for those with low and moderate incomes.
Top economists estimate wages for average middle-class families are increasing by $4,000 a year due to tax reform. That's in addition to direct tax cuts of $2,000 a year for middle class families. |
____________________ TZR250 2MA road, TZR250 1KT road, TZR250 2MA race, TDR250, YZF-750R Boost colours.
Jaguar S Type 3.0 V6 Sport R, VW Transporter T5 GP LWB Shuttle 140ps DSG. |
|
Back to top |
|
You must be logged in to rate posts |
|
|
chickenstrip |
This post is not being displayed .
|
chickenstrip Super Spammer
Joined: 06 Dec 2013 Karma :
|
Posted: 15:00 - 31 Dec 2018 Post subject: |
|
|
cdlxxvi wrote: |
China: by what measure US is better off because of it? |
Who do you mean by "US"? Think about that one, eh? ____________________ Chickenystripgeezer's Biking Life (Latest update 19/10/18) Belgium, France, Italy, Austria tour 2016 Picos de Europa, Pyrenees and French Alps tour 2017 Scotland Trip 1, now with BONUS FEATURE edit, 5/10/19, on page 2 Scotland Trip 2 Luxembourg, Black Forest, Switzerland, Vosges Trip 2017
THERE'S MILLIONS OF CHICKENSTRIPS OUT THERE! |
|
Back to top |
|
You must be logged in to rate posts |
|
|
cdlxxvi |
This post is not being displayed .
|
cdlxxvi Nearly there...
Joined: 13 Feb 2012 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
chickenstrip |
This post is not being displayed .
|
chickenstrip Super Spammer
Joined: 06 Dec 2013 Karma :
|
Posted: 15:31 - 31 Dec 2018 Post subject: |
|
|
M.C wrote: | chickenstrip wrote: |
Do you think he'll get another term? |
I'll answer that one He might not, not because the US would have rallied to defeat the uber nazi, but because it was voter apathy regarding that women which got him in the Whitehouse. Anyone else, even an inanimate object will do better. |
He's got two more years yet, and the opposition doesn't do PR very well. ____________________ Chickenystripgeezer's Biking Life (Latest update 19/10/18) Belgium, France, Italy, Austria tour 2016 Picos de Europa, Pyrenees and French Alps tour 2017 Scotland Trip 1, now with BONUS FEATURE edit, 5/10/19, on page 2 Scotland Trip 2 Luxembourg, Black Forest, Switzerland, Vosges Trip 2017
THERE'S MILLIONS OF CHICKENSTRIPS OUT THERE! |
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
- |
This post is not being displayed because the poster has bad karma. Unhide this post / all posts.
|
- Super Spammer
Joined: 22 Oct 2013 Karma :
|
Posted: 16:36 - 31 Dec 2018 Post subject: |
|
|
Oh dear....Forbes explains your mistake.
https://www.forbes.com/sites/kotlikoff/2018/07/25/was-the-tax-reform-regressive-proper-analysis-says-no/#39454f4b67a0
Quote: | Unfortunately, the JCT’s analysis, like that of the Congressional Budget Office, other government agencies and D.C. think tanks, including the TPC, is static. It treats households as if they will live only in the current year and proxies their remaining lifetime spending, the distribution of which is the ultimate focus of inequality analysis, by their current disposal income.
This raises four major problems. The first is misclassification. The static approach classifies households as rich or poor based on current income (this year's income). But economics tells us that for purposes of studying fiscal fairness we need to classify households not by this second's, this minute's, this week's, this month's or even this year's income. Instead, it tells us to classify households based all on their remaining lifetime resources -- their human wealth (the present value of future labor earnings) plus their non-human wealth (current net worth).
The current-year income classification means that Warren Buffett, whose wealth totals $85 billion, will be classified as being poor this year if his reported after-tax income for this year is zero or negative. This can easily be the case if Buffett's net realized capital gains this year are negative and equal or exceed this year's other positive taxable income.
You’d expect mistake 1 to be made by people with limited economics training. But the folks in D.C. making this mistake are well trained economists and are doing so consciously. Their reason, when I ask, is that members of Congress, not to mention the current president, are too economically illiterate to process the right answer. Hence, they need to be given what makes them comfortable, namely the wrong answer.
YOU MAY ALSO LIKE
Mistake 2 is implicitly using current disposable (after-tax) income as a proxy for current spending. But the young, on average, save; i.e., on average, their income exceeds their spending. And the old, on average, dissave; i.e., on average, their spending exceeds their income. Given economic growth, this means that proxying spending with disposable income will overstate inequality in actual current spending, which is, itself, proxying for the right measure, remaining lifetime spending.
Mistake 3 is, indeed, using this year's spending to proxy for remaining lifetime spending – the present value of current plus all future spending. If ignoring future spending made sense, we could study inequality by comparing the spending of different households over the next second or the next minute or the next hour or ... . But just like this second’s spending doesn’t tell us much about this year’s spending, this year’s spending doesn’t tell us much about remaining lifetime spending. Certainly, there is no fixed relationship between this year's and remaining lifetime spending. For the young, remaining lifetime spending is many times current-year spending. For the old, the multiple is far smaller.
Mistake 4 is comparing inequality of households of all ages rather than distinguishing by their age, i.e., their birth cohort. To see the concern, take a world in which everyone is absolutely identical, apart from their year of birth. Since everyone enjoys the same lifetime spending and pays the same lifetime taxes, there is no inequality. But if one compares young and old people at a point in time based on this year's income, things will look very unequal. The young, who work, will have far higher income than do the old, who are retired. Moreover, if only wages were taxed, this perfectly equitable fiscal policy would be viewed as progressive since those with higher incomes would pay taxes and those with lower incomes would not. And if only spending by the old were taxed, the policy would be declared regressive since those with lower incomes would pay taxes whereas those with higher incomes would not.
Economic theory tells us to study inequality by comparing remaining lifetime spending among people of the same age (in the same birth cohort). And it tells us to study fiscal progressivity by examining the degree to which fiscal policy reduces inequality in remaining lifetime spending within the same cohort. My recent study with U.C. Berkeley economist Alan Auerbach and Darryl Koehler an engineer at my software company, does just this. It runs household observations from the Federal Reserve’s 2016 Survey of Consumer Finances (SCF) through a detailed life-cycle consumption-smoothing program called The Fiscal Analzyzer (TFA). TFA determines how much each household will spend, pay in taxes and receive in government benefits in each year over the rest of their lives. These data can then be used to calculate remaining lifetime spending and remaining lifetime net taxes (taxes net of benefits). The program incorporates all federal and state taxes, including corporate income taxation, and all federal and state benefits, including food stamps, Supplemental Security Income, Social Security, Medicaid, Medicare, welfare (TANF), you name it. |
____________________ TZR250 2MA road, TZR250 1KT road, TZR250 2MA race, TDR250, YZF-750R Boost colours.
Jaguar S Type 3.0 V6 Sport R, VW Transporter T5 GP LWB Shuttle 140ps DSG. |
|
Back to top |
|
You must be logged in to rate posts |
|
|
cdlxxvi |
This post is not being displayed .
|
cdlxxvi Nearly there...
Joined: 13 Feb 2012 Karma :
|
Posted: 17:18 - 31 Dec 2018 Post subject: |
|
|
Thanks, that's a very interesting opinion. Happy to wait till the data is in, i.e. how much tax certain income groups actually paid year by year compared to what they would have paid under the old system. |
|
Back to top |
|
You must be logged in to rate posts |
|
|
- |
This post is not being displayed because the poster has bad karma. Unhide this post / all posts.
|
- Super Spammer
Joined: 22 Oct 2013 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
cdlxxvi |
This post is not being displayed .
|
cdlxxvi Nearly there...
Joined: 13 Feb 2012 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Suntan Sid |
This post is not being displayed .
|
Suntan Sid World Chat Champion
Joined: 07 May 2009 Karma :
|
Posted: 02:22 - 26 Jan 2019 Post subject: |
|
|
So fan bois, how's it going today for the bestest, winningest, POTUS ever?
The useless, orange oaf and lame duck president capitulates on the shutdown and the wall, the same day his closest adviser is indicted.
The "fake witch hunt" has so far caught and indicted a mere 48 witches.
A further 12 sealed criminal cases have been filed in the District Court over the last couple of days!
Remember, "Only the best people". ____________________ "Everybody needs money, that's why they call it money!" |
|
Back to top |
|
You must be logged in to rate posts |
|
|
MCN |
This post is not being displayed .
|
MCN Super Spammer
Joined: 22 Jul 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Suntan Sid |
This post is not being displayed .
|
Suntan Sid World Chat Champion
Joined: 07 May 2009 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
winz |
This post is not being displayed .
|
winz World Chat Champion
Joined: 05 Feb 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Old Thread Alert!
The last post was made 5 years, 93 days ago. Instead of replying here, would creating a new thread be more useful? |
|
|
|