Donald Trump: Using Fear and the Race Card?
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Hi @PennEd
No, I'm just a regular citizen who votes. I'm retired and don't involve myself with volunteering or running any of the campaigns. I just vote.
Hi @PennEd
Well, if you believe that, then you've been snookered by the liar. VP Harris does not support, nor democrats support such extreme abortion measures. You're just believing the guy that keeps telling you that he won the last election... but didn't. That's ok, but I choose to check my facts and follow up with what politicians, especially the GOP contender, says.
Vote wisely and be blessed of God that He's got this.
Ted
Do you believe your capital gains should be taxed before they are actually realized?
Hi @Cameron143
I believe that my capital gains should be taxed however the IRS says they should be taxed. Personally, I'd be in agreement to pay more taxes if the money would be applied to the debt.
You know it won't be used that way. And you will get no rebate if your capital gain goes down.
There are also lawful ways to pass on wealth to family without paying taxes. While I think it's admirable that you want to pay more taxes, I doubt it's really true. Do you honestly believe government spends money more efficiently than you? Also, less would be leftover for family members, and I recall God saying something about the man who leaves nothing to his heirs.
Hey @Cameron143
So! You don't think I'm sitting around fretting about leaving my heirs something... do you? I raised my son to be a self-sufficient hard working husband and father. I raised him with a deep and abiding faith in the God who created all that is in 6 days. I sent him off to college and he now works for the major phone producer and makes a comfortable living. I taught my son to not let money overtake what is important in life. He has two wonderful sons and is happily married with a still strong faith life. We talk about the things of God on many, many occasions.
He pays his fair share to the operation of the government and doesn't bemoan all the various ways that the government decides to extract taxes. In that regard, we are no different than the Roman and Greek of Jesus' day. As long as everyone is taxed fairly, I try not to get too excited about it. But honestly, they're just trying to figure out a way to get taxes out of me. I haven't had a federal tax obligation for about the last 10 years. About half of my income comes from stock sales and about half of that is cost basis. Might this new change that 'might' happen in the tax codes effect me? I don't know, but I'm sure it won't be much. It might raise my taxable income a couple of thousand dollars. And thus my tax bill a couple of hundred. I'm ok with that, but my concern is what new taxes pay for.
But taxes are just a game that all governments play to get money. The GOP last president gave us some tax cuts... but the debt went up. It does concern me how fast and how high our public debt is. I'd like to see some real work to pay down say, half a trillion over the next two years and even more as we continue over the years. So, I'm for voting for representatives, you know, the people that actually make the laws and control the purse strings, to begin to lower our debt. If this means some higher taxes? I'm amenable to that, if the debt goes down. If our Representatives continue to spend money, then they'll just spend any extra tax revenue on more stuff. Great for the economy for the short haul, but it does concern me what may actually happen when we're paying more debt interest than we're taking in in tax revenues. LOL!
That's a real possibility at some point. Sadly, none of this will get done without higher taxes. I mean, as I see it, that's just the reality of what will likely happen as we deal with our national debt. We'll see.
God bless,
Ted
Hey again @Cameron143
Another thing to understand is that your final capital returns will be adjusted for any basis that you've already paid tax on. That's generally the way the tax laws work. If you pay a tax on a set amount of money and later realize that set amount of money, there won't be any tax. Just my thoughts on it. Honestly, I'd need to see the bill that will need to be written that will then need to be passed by Congress before that can go into effect.
Officially called the Internal Revenue Code, the tax code is written by Congress and is currently more than 3.7 million words long [source: Olson. Luckily, the tax code wasn't written all at once. Rather, it's a compilation of all tax laws written and passed by Congress since the ratification of the Constitution in 1788.
The Constitution gives Congress the power to levy taxes for the collection of revenue. Article 1 Section 8 of the Constitution reads, "The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States." However, income tax as we know it didn't exist until the ratification of the 16th Amendment, in 1913. (from howstuffworks.com)
So before all of this brouhaha becomes something that I need to concern myself with, there's a lot yet to be done. As that works its way through our Congress, it will be debated and hopefully a fair and just agreement will be made. You see, this was the problem that the GOP contender had with his first whack at the ball. He didn't realize that there's a lot of things that the president just doesn't have the authority to do on his own say so. And because he's such a hard ball player all the time, no one wants to help him. He literally turns from day to night based solely on how he judges your loyalty to him. Look what's happened with Gov. Kemp of GA. Sen. Graham of SC. Sen. Ted Cruz and so many others that he has had really serious fallings out with, and now, with their new allegiance to loyalty to him, they're once again the best people on earth.
I see it as a sickness of the mind and certainly not an attribute that I want for the person running my country. But hey, that's just me and how I see things down here in South Carolina.
God bless and vote wisely,
Ted
Hi again @Cameron143
He actually thought that he could go in and just say that the ACA law didn't apply. He thought that he could go in on day one and just say that the ACA was no longer a law. He gave it one stab and declared that he'd had no idea that it would be so hard to change the health insurance laws of our nation. That's what he thought. This is not a joke. Even now, he says, "OH yeah! I know how things work now." Really? Do you believe that? The man's an idiot but he's majorly wealthy. But that doesn't mean anything to me. I care more about your character than your money... if you're looking to run my country.
But that's the man we're talking about here. He thought he could just go in and say, "Build a wall!", and it would just get done because he said so. Now, even now, he has people setting up an entire cadre of government underlings that are actually being tested on their loyalty to him. WHO DOES THAT????? He now knows, after his first whack, that the only way he's going to get his way is to fill the entire government with his loyalist party. I'm sorry, but that really concerns me. I still like the democratic system where everyone in the nation is represented. Where laws are hammered out in a mostly favorable and fair way among all of us. I'm concerned about a government where everyone has to go through some sort of loyalty test to the leader in order to represent or be over us. That sounds too much like Communist China, Russia and N. Korea's form of government. Uh-huh. Not for me.
God bless and vote wisely,
Ted
He actually thought that he could go in and just say that the ACA law didn't apply. He thought that he could go in on day one and just say that the ACA was no longer a law. He gave it one stab and declared that he'd had no idea that it would be so hard to change the health insurance laws of our nation. That's what he thought. This is not a joke. Even now, he says, "OH yeah! I know how things work now." Really? Do you believe that? The man's an idiot but he's majorly wealthy. But that doesn't mean anything to me. I care more about your character than your money... if you're looking to run my country.
But that's the man we're talking about here. He thought he could just go in and say, "Build a wall!", and it would just get done because he said so. Now, even now, he has people setting up an entire cadre of government underlings that are actually being tested on their loyalty to him. WHO DOES THAT????? He now knows, after his first whack, that the only way he's going to get his way is to fill the entire government with his loyalist party. I'm sorry, but that really concerns me. I still like the democratic system where everyone in the nation is represented. Where laws are hammered out in a mostly favorable and fair way among all of us. I'm concerned about a government where everyone has to go through some sort of loyalty test to the leader in order to represent or be over us. That sounds too much like Communist China, Russia and N. Korea's form of government. Uh-huh. Not for me.
God bless and vote wisely,
Ted
Well you missed the point of what I shared, but don't be upset with me about what God said about leaving something for your heirs. I do, however, find it strange that you would vote for representatives who you know will work for legislation that will cause inflation and lessen the value of your assets. If you understood taxation, you would know that reducing taxes actually increases revenue to the federal government. If you like, I will explain why, but when Obama was told this and that by reducing taxes he would have more money to pay for the social programs he wanted, he responded that he didn't want to because it didn't seem fair. Turns out, he would rather have less money to help people so he could make wealthy people pay more.
Class warfare is, of course, one of the mantras of liberals. They would rather not help people in need if it means harming wealthy people.
Also, if it's a good idea to have higher tax rates, shouldn't you just give your excess money to the government whether it's required or not? For him that knows to do good and does it not, to him it is sin. Aren't you sinning by hanging on to your money?
The only real way out of debt is to spend less than you bring in. There is plenty of waste in the government that should be cut. Increasing the number of people paying taxes would also help. And using the natural resources that are on public land could also greatly reduce the deficit. But all of this is useless unless balanced budget legislation is passed. We will never tax ourselves out of debt.
That's funny. You still trust government. I'm actually glad you live in South Carolina. Your vote won't matter. And trust me, South Carolina has much more of my point of view than yours.
Trump was certainly naive when he first took office. The reason he needs people loyal to him is because during his first term so many in government actually were working against him. Those people were very dishonest. They were working in the executive branch of government but working against their superior. This time around he is vetting people to get rid of those who would actually do their jobs and fulfill the obligations that they agreed to when they took the job.
If you were a supervisor, would you continue to employ those who do not follow your instructions?
It will take more than vetting. It will take WHOLESALE firings of hundreds of enemies. The entire Deep State is massed against him. Not sure how he can accomplish this. He needs a team of loyal patriotict people to oversee this aspect of cleaning house and draining the Swamp. And it must be on day one. Dithering around is what will get him into trouble.
I don't disagree, but when you are sharing with low information or antagonistic voters it's better to make arguments less forcibly.
Hey @Cameron143
Well, no, actually I don't know that's what they will be working for. Inflation doesn't work like that. It's generally a temporary blip. Now there have been some nations that have had serious inflationary times that lasted quite a while. But ours is coming under control. And it was to be expected. We just went through, what about 3/4 years ago, wage hikes across the board. I don't know where you got your degree in economics, but wage increases will always cause price increases. High wage increases will cause high price increases. That's an economic fact. But it's settling down now. and we're going to be pretty fine for a while until we pass through another period of rapid price increases for some reason.
But these things happen in economies. It isn't necessarily some presidential policy that causes it, but can be. From 1917 to 1920. Then we hit a short bad spell in '42. '46-'48 was pretty rough. '51 was 8%. 1974 and '78-'81. Since 1981 we've run a pretty steady inflation rate between 2 and 4 percent. But friend, these things come and these things go with economies. Now everyone is reasonably happy with their pay again and we won't have that big leap one time to deal with. We also went through a pandemic that caused elevated prices for a while.
So, from what I'm seeing, the present issue with inflation is being tackled just as it has been in the past. It lasts for a time and then we adjust and life goes on. But I don't really see anything in the democratic agenda that is seeking to upset the apple cart in this. What is it that she is talking about doing the will cause inflation and lessen the value of my assets? I'd appreciate any warning that you can give me on this specific matter.
I honestly have no idea what the rest of your complaint is even about. Class warfare is a liberal thing? Ok, if you say so it must be so.
Hi @Cameron143
Yeah, I try to see the government as I believe God asks us to see the governing authorities that He has placed over us in order that we have a workable society in which to live. And fortunately, in the country in which I live, everyone gets to choose who they would like to rule over them. Not on an individual basis, but on a collective national basis. I'm good with that.
Well, on this occasion you had two temporary blips in succession. As your graph shows, from about 1972 to 1974 inflation was close or under 4%. You had a small blip in '69-'70, and another end of '74 till probably '79. Yes, that one wasn't a very small blip and some of the events can be 3-4 years getting reconciled. We've handled this one fairly quickly, but it's still anyone's guess where we might go from here for sure. But it looks like it's coming back under control under the leadership of the present administration. Word is that the Fed might be dropping interest rates for the foreseeable future if we can keep the inflation under control. That will spur some more investment capital and economic growth, generally.More misinformation from Ted. It is definitely not a temporary blip.
We really do need to get a handle on housing costs. We've just got to do better producing affordable housing for the low income.
You don't understand inflation either. Inflation is caused by poor monetary policy. When you print money that is not in response to increases in the production of goods and services and introduce the money into the economy, inflation will always be the result. Why?
Because demand has been artificially inflated but supply has not kept up with demand. So you will have more dollars chasing the same number of goods, and price increases are always the result.
Inflation was exacerbated during the pandemic because not only was demand increased, but supply chain problems decreased supplies.
Anyone familiar with basic economic principles knew that the Inflation Reduction Bill would have the opposite effect of its title. Democrats knew this too but passed the bill anyway.
Inflation was not a blip. It remains today. The rate of inflation has decreased, but inflation is cumulative and the effects are still with us. Prices are not going down, but continue to increase. And the government has lied about the real rates of inflation. That's the thing about inflation...anyone can calculate it themselves. If you were paying $12 for 5 pounds of ground beef and now are paying $18, you know you are paying 50% more than before.
Hope you learned something.