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Originally Posted by 40YEARSWAITING
There's no reason to work since Biden became President.

As soon as he declared war on oil, fracking and pipelines, I took profits in my stocks and rolled it all into Oil, Gas, and Pipeline companies.

Still riding that pony to the bank.

Go Joe go! thumbsup

If you would kindly get your facts straight please.. Biden declared war on a pipeline that was only 7 or 8% complete.. as of today, it still would not be complete therefore no oil would be flowing in it.

It was also cutting through land that was basically stolen from the owners. They were forced to sell....

Big Oil needs to be checked.. You're getting dividends from big oil because they are gouging the hell out of us. I'd have to check, but I think profits have never been higher.

Again, all conservatives care about is their own wallet. there is more to being an American Patriot than being rich.

Facts are your friend.... .Try them sometime.


#GMSTRONG

“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan

"Alternative facts hurt us all. Think before you blindly believe."
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Facts in this case show up in my investment profits.

I am now beginning to nibble at some of these great companies that have dropped so drastically.

I nibble, because I do not want to attempt to catch a falling knife, but when the bottom comes
I should be well positioned for the next ride up.

Historically, a PE ratio (price to earnings) of 15 was great and we are beginning to see PE's under 20 again.

Some of those companies hardest hit had PE's in the hundreds.

Well that's my approach, take it or leave it.

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Gee, what little nibbling I did already got crushed!

This is like watching what my Great Grandfather went through as a Wall Street Broker in 1929.

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And of course you wouldn't know since you didn't watch him go through it in 1929.


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I am so far from rich....................but this inflation is real stuff. Like it or not, which no one likes it.

But, some seem to not care because it's happening under a D president. Oh well, we can't afford stuff, but at least no mean tweets, right?

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And some refuse to admit that it's a culmination of unrestricted spending by both parties over many years that has gotten us to where we are now. Everyone cares. It's just some realize how we got here while others want to point the finger in only one direction.


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Check yourself here. I have NEVER excused ANY side for the blatant, obtuse, and counter productive spending of ANY party.

I hate wasteful spending, yes.

This "war on poverty"? All it's done is create more in poverty, literally. More dependence on the gov't. More votes for those doing the spending. It's a mess.

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Matthew 25:40-45
King James Version

40 And the King shall answer and say unto them, Verily I say unto you, Inasmuch as ye have done it unto one of the least of these my brethren, ye have done it unto me.

41 Then shall he say also unto them on the left hand, Depart from me, ye cursed, into everlasting fire, prepared for the devil and his angels:

42 For I was an hungred, and ye gave me no meat: I was thirsty, and ye gave me no drink:

43 I was a stranger, and ye took me not in: naked, and ye clothed me not: sick, and in prison, and ye visited me not.

44 Then shall they also answer him, saying, Lord, when saw we thee an hungred, or athirst, or a stranger, or naked, or sick, or in prison, and did not minister unto thee?

45 Then shall he answer them, saying, Verily I say unto you, Inasmuch as ye did it not to one of the least of these, ye did it not to me.


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Some

an unspecified amount or number of.

an unspecified number or amount of people or things.

at least a small amount or number of people or things.

I said "some". I didn't say "you.


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Verily, I say to thee, the war on poverty has created more poverty. Period. The end.

Give to caeser what is his. But don't blindly hand over more and more and more and more.

Gov't. has so much wasteful spending it's ridiculous. If you disagree, there is no help for you.

New programs to "aid and assist", and a year later they need more money, and more money and more money. Then, if you dig deep, you'll see the jobs created - by and FOR the gov't........

I have no problem helping those that want to help themselves. I have a problem withe leeches. A 'verily' big problem with it.

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One thing about it, nobody can accuse you of being capable of writing scripture. Or even listening to scripture unless you happen to agree with it.


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Bet I know more scripture than you. By a 'verily" large amount. I also don't speak in past tongues, languages, and I would bet I do more to help people............eh, you're not worth it.

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I doubt you do know more scripture than I do. That's yet another opinion you have formed in your own mind based on no information but your own thoughts.

The thing is a lot of religions and religious people do help the poor. I won't go into my own donations or personal time spent doing so because that's not what I'm here for and I don't generally speak about such things. I would never donate time or money in order to take credit for it or boast about it publicly. Once again you have used your own imagination to reach a conclusion with no basis in fact.

I think it's wonderful that religion and people contribute to help those less fortunate. It certainly helps. But it isn't nearly enough in and of itself sadly.


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Originally Posted by archbolddawg
I am so far from rich....................but this inflation is real stuff. Like it or not, which no one likes it.

But, some seem to not care because it's happening under a D president. Oh well, we can't afford stuff, but at least no mean tweets, right?


Social Security recipients could see biggest cost-of-living increase in 40 years

Social Security benefits could jump by 8.6%, highest since 1981


https://www.foxbusiness.com/money/s...-biggest-cost-of-living-raise-since-1981

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It's all relative. That said, it all helps


If everybody had like minds, we would never learn.

GM Strong




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SHOW ME THE MONEY!!! nanner

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Maybe it's time to sell your tank.


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Amazon CEO and Washington Post owner Jeff Bezos caused quite a stir on Twitter Friday when he publicly mocked President Joe Biden for his latest solution for inflation.

Biden: "You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share."

Bezos cracked Biden’s tweet, beginning with a dig against the administration’s new propaganda department, "The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead.

"Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection," he added, completely trouncing the president’s idea.

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So extremely wealthy people who pay no taxes attacked the idea of them paying their fair share of taxes? Imagine that. I'm shocked!


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National gas price average hits new record high at $4.45 per gallon
Diesel also hit its own highest recorded cost at $5.56


Musk and Bezos might just have a point.

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Originally Posted by PitDAWG
So extremely wealthy people who pay no taxes attacked the idea of them paying their fair share of taxes? Imagine that. I'm shocked!

If they are paying no taxes, it's because of the tax laws.

Who writes the tax laws?

Then ask "who donates the most to politicians?"

Add 1 + 1, and we have the solution to tax disparity.

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My point is that doesn't make it right. At the present time there's only one side calling out making the wealthiest people pay their fair share of taxes. We can look back and point fingers as to how it got this way or we can move forward and support trying to fix it. At the present time there are politicians trying to fix it. I focus more on trying to fix it than to look back and assign blame as a reason not to fix it.


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If you think the dem politicians are trying to fix it, as opposed to use it as a re-election motto, I can't help you.

Term limits would help. IMO.

The people that write the laws are the ones benefitting from the wealthy donors, and the laws they write, and that's d's and r's alike.

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Originally Posted by PitDAWG
So extremely wealthy people who pay no taxes attacked the idea of them paying their fair share of taxes? Imagine that. I'm shocked!

No. That is not what Bezos said. Read it again or better yet have someone read it to you...




Amazon CEO and Washington Post owner Jeff Bezos caused quite a stir on Twitter Friday when he publicly mocked President Joe Biden for his latest solution for inflation.

Biden: "You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share."

Bezos cracked Biden’s tweet, beginning with a dig against the administration’s new propaganda department, "The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead.

"Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection," he added, completely trouncing the president’s idea.

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So he said it's okay to "discuss it"? You are the one who can't understand what he actually said.


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Originally Posted by PitDAWG
So extremely wealthy people who pay no taxes attacked the idea of them paying their fair share of taxes? Imagine that. I'm shocked!
Why don't you think through the process of changing that and let me know how you think that will help today's inflation.

I guess that's a better plan than his usual though, which is to simply explain that prices are high.


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It's really not complicated. More income equals less deficit. Some people seem to think that numbers change when we speak about people vs the government vs the wealthy.

I'll give you an example. Business and especially corporations look out for their own best interests and answer to their stock holders. I'm not saying that as a negative. It's simply how it works. Cut the fat, be efficient and maximize profits. No different than you or I would do in looking at our family budget. So the falsehood is a huge tax cut it will create jobs. The fact is unless their sales increase they have no need to hire more people. Claiming you will get a return on that tax cut by creating more jobs is a lie.

When billionaires do not pay taxes, once again it's income lost. Most people understand that when you're spending tons of money you do not have, that over time causes inflation. Let me ask you, if you took a job that cuts your income by 30% and in turn couldn't pay your bills, wouldn't interest rates rise based on your credit score on things you buy in the future?

There are a lot of variables causing current inflation. One of those variables is that billions and even I believe trillions have been given away to those who can afford to pay it. Whether it be tax cuts, tax loopholes or tax abatements. In every case that's income that would get the deficit down which in turn would help hedge against inflation.

Now if you're asking me would that solve the problem, no I don't think it would. But it would be one ingredient in the recipe.

I think in large part we agree that it's more a talking point than an actual solution. Much like saying that informing children why Johnny has to dad's is grooming children to be homosexuals.


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Can we get a list of billionaires that did not pay taxes?

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It just seemed like a non-answer from our feckless fearless leader.

That will do nothing to alleviate our problem in the short term.

But then again, this is the same guy who's answer to exploding fuel costs was to blame it on Putin and "buy an electric car".


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i love how we got posters implying that if taxes are raised in the same tax code, they wouldn't be screaming about socialist commies.

Arch and FATE: for the last 30-40 years, yall have voted, supported, and defended policies and politicians who have destroyed this economy with trickle down economics. cut taxes for the wealthy, deregulate as much as possible. this has directly led to companies outsourcing jobs, gate keeping resources and hyper inflation under the guise of pro-growth policies.

but the moment anything is done to somewhat reverse that damage, you will be the same two calling those policies socialist and communism.

i really dont know how to have a conversation with people who happily vote for their own demise. the "free" market/stock market made 25%+ returns back to back years during a freaking pandemic. these same corporations decided to raise prices simply because workers wanted to get paid more. there was no reason why prices shot up other than greed.

and yet yall show more energy sniping at people who are ticked off about it than you do the people actually responsible for the problem. but i get it, yall voting record says you're part of the problem.

FATE: miss me with blaming biden when we all know you're gonna vote for the same party who will fight tooth and nail to give the wealthy more cuts and deregulation. cause the moment biden does anything to counter it, you'll be calling him a far left commie like Arch and every one else.

edit:

and honestly, that goes for any conservative. i'm calling oob, 40, 05, 3rd, DC, THROW, squires, Jfanent, dawg duty, TB, and the rest of yall out.

dont sit here and whine about inflation then turn around and vote for the party responsible for giving corporations unlimited power to do whatever they want. no one wants to hear the hypocrisy. yall bout to be out here voting for the same party that's bought off by the corporations responsible for the price increase, responsible for our crumbling infrastructure, and responsible for our manufacturing base going overseas. dont tell me you care about something than vote for the exact opposite.


“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”

- Theodore Roosevelt
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Sadly, this is just you ..........

Well, anyway. Oh, for the record, show me where I''ve even come CLOSE to calling Biden a far left commie.

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In other words... inflation is my fault and Arch's fault... and Biden bears no responsibility.

You could have said that in way fewer words. thumbsup


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That is a good response. A semi denial wrapped in victimhood... Swish was spot on about GOPers voting for all this crap. Just saying.


Your feelings and opinions do not add up to facts.
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rofl Victimhood.

lmao


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Corporations are way too easy to blame my man. Without those, we wouldn't have the infrastructure and jobs you are talking about.

I am not dismissing everything you say, but in the end, the government will never do anything to help you that already hasn't been put in place. After that, it is just up to you.

In our conversations, I know that you know that.

Where do you this this government has made it's gold?


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Originally Posted by FrankZ
Can we get a list of billionaires that did not pay taxes?

At least some of them, yes. Also even Warren Buffet said they pay a lower percentage than his own secretary. Paying "their fair share" means paying the same tax rate as most Americans do. That would also include huge corporations.

No Federal Taxes for Dozens of Big, Profitable Companies

https://www.nytimes.com/2021/04/02/business/economy/zero-corporate-tax.html

US super-rich 'pay almost no income tax'

https://www.bbc.com/news/business-57383869

To a great extent it's a systemic problem.


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There is a difference in some responsibility verses all the responsibility. Inflation is the result of things that have been done over time. The culmination of factors that created this situation didn't suddenly happen in less than a year and a half. Those pretending it did are delusional at best.


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And all that goes back to exactly what I said here earlier.

Who donates the most to politicians? The rich. Who wants the money to be reelected? The politicians. Who writes the tax code/laws? The politicians.

Who writes fancy stuff about raising the taxes, but adds in loop holes for the rich? The politicians.




But, I also disagree with Biden that raising taxes on the rich will help alleviate inflation. IMO, the 2 are unrelated in any quantifiable meaning.

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Most certainly it won't help the current problem with inflation in the short term. And I'll say something very similar to what I told you before. First, I don't disagree with you about how we got into the situation of the rich and wealthy corporations paying little to no taxes. I think what you stated is pretty much established in facts.

So how does that change the fact that it needs to be fixed? How does that change that the party trying to fix it is getting push back from the other side? You see, our country has gotten itself into bad situations many times throughout its history. That's just the nature of having human beings in charge of anything. Mistakes will be made leading to some bad consequences. But should the point be how we got here? Or should the point he how to fix it now that we're here? We both seem to understand how we got here. The question now is what do we do about it now?


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There are 2 totally different issues. Biden said raising taxes on the rich will help stymie inflation. That's nothing but a talking point that sounds good to his constituents. You know, like forever it's been "let's soak the rich". It won't affect inflation.

The other issue is , as I've stated too many times to even repeat, about taxes, tax law, tax code.

How do we fix it? I don't know.

Let's start with term limits. Let's also add in a max spending amount for campaigning? (I don't know if that would do much, but I do know the 'favors' owed after being elected would be less.)


There are other steps and aspects as well. The u.s. political system is a mess.

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