Greeks invented logic?
in [Design]
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From: John Larkin on 5 May 2010 11:39 On Wed, 5 May 2010 17:06:17 +0300 (EEST), Okkim Atnarivik <Okkim.Atnarivik(a)24.fi.invalid> wrote: >Jim Thompson <To-Email-Use-The-Envelope-Icon(a)on-my-web-site.com> wrote: >: On Tue, 4 May 2010 17:23:47 -0700, "Joel Koltner" >: >individual who will take the long view of what's best for their country as >: >well as their own best interests and accept a reduction; most people are >: >pretty short-sighted in that regard. (This is likely heightened by people >: >seeing the behavior the likes of AIG executives -- if those guys made huge >: >incomes and even when they utterly failed were bailed out by the government so >: >as to be able to continue living their oppulent lifestyles, why should I, the >: >little guy, have to make any sacrifice either?) >: >: What? You didn't contribute to Obama's campaign ?:-) >: >: ...Jim Thompson > > You think McCain would not have bailed out the AIG ? No insult intended - >I'm just curious what you think the alternative scenario would have been. > > Regards, > Mikko AIG's liability was mostly credit default swaps, insurance policies that let speculators go short on real estate bonds that they didn't even own. If AIG had been allowed to fail, the speculators would have lost their bets. Instead, the Feds (namely you and me) paid them off. Jack Cashill argues that government intervention after the 1929 crash extended the crash for a decade. He's probably right. John
From: Joel Koltner on 5 May 2010 12:49 "Robert Baer" <robertbaer(a)localnet.com> wrote in message news:ePmdnScqSbeOb33WnZ2dnUVZ_qWdnZ2d(a)posted.localnet... > Maybe he is one of the 47% that does not pay taxes? Oh, I wish... That 47% figure, while significant, is a bit misleading in that it's *federal income taxes* that 47% don't pay; if you include ALL federal taxes the percentage who don't pay is more like 10%. ...and of course it's pretty much impossible to pay absolutely *no* taxes, even when your 1040A shows you're liable for nothing or getting a refund -- you've still paid in payroll taxes, sales taxes, state taxes, etc. Granted, when you add it all up, it can still be a very low rate -- e.g., a single digital percentage -- but given that most of the people we're talking about here are poor, this shouldn't be surprising. In general no single statistic is going to tell the full story about anything, although that particular statistic (47%) seems as though it's been promoted in a purposely misleading fashion. A similarly misleading statistic from a liberal point of view would be that that 65% of U.S. corporations paid no federal income tax either... ---Joel
From: Jim Thompson on 5 May 2010 13:22 On Wed, 5 May 2010 09:49:56 -0700, "Joel Koltner" <zapwireDASHgroups(a)yahoo.com> wrote: >"Robert Baer" <robertbaer(a)localnet.com> wrote in message >news:ePmdnScqSbeOb33WnZ2dnUVZ_qWdnZ2d(a)posted.localnet... >> Maybe he is one of the 47% that does not pay taxes? > >Oh, I wish... > >That 47% figure, while significant, is a bit misleading in that it's *federal >income taxes* that 47% don't pay; if you include ALL federal taxes the >percentage who don't pay is more like 10%. ...and of course it's pretty much >impossible to pay absolutely *no* taxes, even when your 1040A shows you're >liable for nothing or getting a refund -- you've still paid in payroll taxes, >sales taxes, state taxes, etc. Granted, when you add it all up, it can still >be a very low rate -- e.g., a single digital percentage -- but given that most >of the people we're talking about here are poor, this shouldn't be surprising. > >In general no single statistic is going to tell the full story about anything, >although that particular statistic (47%) seems as though it's been promoted in >a purposely misleading fashion. A similarly misleading statistic from a >liberal point of view would be that that 65% of U.S. corporations paid no >federal income tax either... > >---Joel > > (1) Did you figure in EITC... where the "working" poor get their FICA refunded? (2) WHY should corporations pay taxes at all? They just pass that thru to cost of product. ...Jim Thompson -- | James E.Thompson, CTO | mens | | Analog Innovations, Inc. | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | Phoenix, Arizona 85048 Skype: Contacts Only | | | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | | E-mail Icon at http://www.analog-innovations.com | 1962 | The only thing bipartisan in this country is hypocrisy
From: Joel Koltner on 5 May 2010 14:56 "Jim Thompson" <To-Email-Use-The-Envelope-Icon(a)On-My-Web-Site.com> wrote in message news:a6a3u5540ck48a2k97nm0o8sfog8he8r6a(a)4ax.com... > (1) Did you figure in EITC... where the "working" poor get their FICA > refunded? Personally, no, I'm just repeating what I've read that could be of very dubious sources. :-) > (2) WHY should corporations pay taxes at all? They just pass that > thru to cost of product. I dunno, why should you have to pay inheritance tax when (generally speaking) the inheritance has already been taxed at the point it was earned? ---Joel
From: Jim Thompson on 5 May 2010 15:18
On Wed, 5 May 2010 11:56:20 -0700, "Joel Koltner" <zapwireDASHgroups(a)yahoo.com> wrote: >"Jim Thompson" <To-Email-Use-The-Envelope-Icon(a)On-My-Web-Site.com> wrote in >message news:a6a3u5540ck48a2k97nm0o8sfog8he8r6a(a)4ax.com... >> (1) Did you figure in EITC... where the "working" poor get their FICA >> refunded? > >Personally, no, I'm just repeating what I've read that could be of very >dubious sources. :-) > >> (2) WHY should corporations pay taxes at all? They just pass that >> thru to cost of product. > >I dunno, why should you have to pay inheritance tax when (generally speaking) >the inheritance has already been taxed at the point it was earned? > >---Joel Agreed! ...Jim Thompson -- | James E.Thompson, CTO | mens | | Analog Innovations, Inc. | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | Phoenix, Arizona 85048 Skype: Contacts Only | | | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | | E-mail Icon at http://www.analog-innovations.com | 1962 | The only thing bipartisan in this country is hypocrisy |