ClovingWestbrook
Banned
RustyNails said:
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Poligaf episode 2010: The Empire Strikes Back
- Thread starter ClovingWestbrook
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mckmas8808
Mckmaster uses MasterCard to buy Slave drives
empty vessel said:The amount of money that individuals have in 401(k)'s is minuscule compared to institutional and wealthy investors. I didn't think I'd really have to post this again:
Note that the top 1% has a controlling interest in this form of wealth. While the chart does not break down the top 2%, you can rest assured that most of that 90-99% chunk is owned by the next 1%. The rest is effectively peanuts, certainly in terms of control and amount of profit.
Thanks for the chart, but it doesn't matter to me if the top 2% own say 65% of the stock market. The fact of the matter is if I have $50,000 in my 401k and the market goes up or down 10% in a year, that will affect me big time.
mckmas8808 said:
Actually, it doesn't affect you at all unless the market goes up or down 10% over the 40 or so years your money is in there. It could affect you if you are withdrawing from your 401k during the year in question, but even so the long term numbers are what really matter.
empty vessel
Member
mckmas8808 said:
It won't affect you big time. It will affect you little time. Even if you have $50,000 in the stock market, the overwhelming amount of income you earn is from wages. The income/profit you make from that $50,000 in stock isn't even comparable. You would do well, then, to focus on the economy as it affects your wages and benefits.
Unless the income stream you earn from investments is sufficient to live on (without touching the capital), it's peanuts. Having some relatively small amount of money in the stock market does not make you an investor or part of the capitalist class. You're a worker and wages and employee bargaining power are much more important to your standard of living than the stock market.
PhoenixDark
Banned
Bachman is 10 times worse than Palin. I can't take Palin seriously, so it's easy to just disregard her nonsense. Bachman is on another level
http://tpmdc.talkingpointsmemo.com/...cost-of-obamas-india-trip-video.php?ref=fpblg
http://tpmdc.talkingpointsmemo.com/...cost-of-obamas-india-trip-video.php?ref=fpblg
Byakuya769
Member
mckmas8808 said:
Keep in mind that your original point is far different than what you're saying now.
mckmas8808 said:
In response to EV saying that the top 2% is the market
mckmas8808 said:
These are totally different assertions. You initially were surprised at the markets gains on the news that "less regulation and lower taxes for the top 2%" are more likely now.
Now you're saying you'll be affected by the market because of your 401k, which you exert little to no control over...
turnbuckle
Member
LovingSteam said:
I thought the issue of its constitutionality was given some additional protection through an amendment that allowed states to opt out of the mandate.
http://www.huffingtonpost.com/2010/03/24/wyden-health-care-lawsuit_n_511748.html
ClovingWestbrook
Banned
turnbuckle said:
Hmm. Perhaps. Although I think what is the tricky part is what others have stated; the dependency of the rest of the bill's benefits is attached at the hip with the mandate. Although Oregon is supposedly looking at opting out of the mandate in order to do its own health care thing so who knows.
dysonEA
Member
LovingSteam said:
Stuff like this:
http://sandrarose.com/2009/06/obama-is-wasting-423k-of-your-tax-dollars-to-find-out-why-men-dont-like-to-wear-condoms/
turnbuckle
Member
LovingSteam said:
Sounds a lot like people want all the benefits but none of the burden. If the benefits attached outweigh the mandate, then repeal talk is dumb unless they're masochists or just want to score political points (shock). If the benefits don't outweigh the burden of a mandate, opt out.
ClovingWestbrook
Banned
dysonEA said:
You're kidding, right...
Please PLEASE tell me that you're kidding. You do realize thats the equivalent of cutting out a cup of coffee and expecting it to help you get out of a million dollars of debt. Right? So please, tell me what programs you would cut that actually contribute to our trillions of debt. Defense? Social Security? Medicare? What?
Here, I made it easy on you
So you have Medicare, Medicaid, Social Security, Defense, Unemployment benefits as the key contributors to our debt. What do you cut.
Edit: Oh crap, I just realized that the program you mentioned above all others cost a little more than 400k. LOL!!! I was wrong. Thats like cutting out a cup of coffee when your hundreds of BILLIONS of dollars in debt and expecting it to make a difference.
turnbuckle
Member
dysonEA said:
I don't want to make fun because even though it's just a drop in the bucket, drops can surely add up. But this isn't even a drop. This is water vapor or something. And although it sounds like an absurd study on its face, but if any ground can be made through that kind of research it could save a ton of money.
turnbuckle
Member
NightBlade88 said:
98.99? There's hardly a 1.01% savings there.
And well, why does that research cost money in the first place? Probably because it's paying people to do the research, although the government doesn't create any jobs. I keep fucking forgetting.
dysonEA said:
Maybe you should stop using Fox News as your source. Let's start with the actual topic of the study:
From there I'd like to point out that this money was granted in June, 2008. Remind me who was President at the time? http://newsinfo.iu.edu/news/page/normal/11085.html
Technosteve
Banned
Step 1 Republicans want to cut taxes to zero
Step 2 Revenue goes to zero
Step 3 Unemployment goes to infinity
Step 4 Profit?
Step 2 Revenue goes to zero
Step 3 Unemployment goes to infinity
Step 4 Profit?
cartoon_soldier
Member
Unless America is ready to realize it doesn't need to spend what it does on defense, deficit reduction is a pipe dream.
ClovingWestbrook
Banned
sangreal said:
:lol :lol
empty vessel
Member
dysonEA said:
So you don't think preventing disease is worth spending money on but the Iraq war is? You need to get your priorities straight.
speculawyer
Member
:loldysonEA said:
You are a fountain of garbage.
I love the progression . .
federal government brings in tax money.
Tax money given to national institute of health.
NIH gives some money to Kinsey Institute for a study in 2008 (during Bush administration).
Kinsey Institute does some random study.
So obviously,
As if Obama even knows the study exists.
ClovingWestbrook
Banned
It'd be so much easier if he'd just ask what programs need to be cut in order to reduce the deficit. Hopefully he responds to the budget pie chart posted.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Cloudy said:
All they have to do is say a tax cut for the rich is an added tax on everyone else, so they're bringing taxes back on the rich to what they were so the rest of America doesn't have to foot the bill for them.
Should run this thing on the slogan "The middle class has paid enough for the rich class already!".
Byakuya769
Member
dysonEA said:
Black guy? Check. Smiling Obama? Check. Insinuation that the poor are wasting "our" well earned money? Check.
+ thinly veiled race baiting =
Profit, cha-ching. Let's take on that deficit.
RustyNails
Member
Holy shit! :lol :lolsangreal said:
You do know you can edit your posts, rightNightBlade88 said:
balladofwindfishes
Member
Also they'll say the Democrats are starting class warfare on the poor defenseless rich people.Cloudy said:
ClovingWestbrook
Banned
thekad said:
Even if he isn't, there may be lurkers in the thread that actually believe the same nonsense that he is spouting.
cartoon_soldier
Member
stressboy said:
Which is why Republicans can never redice the deficit and they haven't in the past 25 odd years they have been elected anyway.
RustyNails
Member
DysonEA lets make this easy. Do you support cutting socialized programs like Medicare, VA healthcare and Social Security? These are the biggest cash cows that will yield the most benefit. Cutting the condom program has negligible benefits.
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
dysonEA said:
It's 423,000 dollars. The salary of a handful of people together. Are you fucking kidding? Did you read that as 423,000,000 dollars???
Cloudy said:
And if I was Obama I'd reply "We'll give them tax cuts when they start hiring again!".
PhoenixDark
Banned
:loldysonEA said:
Great example of how ignorant some conservatives are about spending, and why the GOP is so effective at riling them up. Meaningless stuff like this (which was commissioned by the Bush admin btw), or a trip to India, or a study of volcanoes - all meant to define wasteful spending while actual wasteful spending is never touched. I don't remember conservatives complaining about the medicare part D legislation adding billions to the deficit. Instead the first example of out of control spending you link is for 423k.
People like this make conservatives look bad. There are real conservatives who actually care about spending, like Mitch Daniels or ToxicAdam. Then there's the folks who only complain about spending when it's aimed at poor people, or some type of research, or foreign trips, etc. Pathetic
PistolGrip
sex vacation in Guam
Fking He said, She said bullshit!!!! Anyone can make things up and then not get called out.
Call republicans out on all their lies. Look what they do to ignorant people like Dyson... They come into poligaf and make a fool of themselves and then GAF is forced to humiliate them thus causing other right wing gaffers from posting in fear that all of their facts are actually made up.
I learned critical thinking throughout High School and College. Do they not teach critical thinking in the middle of the country in order to avoid people from losing their faith in religious dogma?
Call republicans out on all their lies. Look what they do to ignorant people like Dyson... They come into poligaf and make a fool of themselves and then GAF is forced to humiliate them thus causing other right wing gaffers from posting in fear that all of their facts are actually made up.
I learned critical thinking throughout High School and College. Do they not teach critical thinking in the middle of the country in order to avoid people from losing their faith in religious dogma?
ClovingWestbrook
Banned
PistolGrip said:
Like Ghal said earlier, I too have stopped watching cable news and am much happier for it. All BS. Whether its MSNBC, Fox News, or CNN. No news, just a constant array and supply of blabber.
RustyNails
Member
I hope dyson sticks around. I wanna know what other stuff he thinks is wasteful spending. Dont scare him of poligaf
ClovingWestbrook
Banned
RustyNails said:
I just want him to respond to the budget pie chart.
turnbuckle
Member
LovingSteam said:
Yup, if people want to spew bs and not get called on it, they should just do it via status updates on their facebook and set their profile to private.
bob_arctor
Tough_Smooth
awww shit! nyong wants to throw down! *gets popcorn*
ClovingWestbrook
Banned
bob_arctor said:
Perhaps Nyong would like to say what programs he'd cut.
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