I've put in my dues helping out the workers of this country and my time is coming to an end. With that said, we've found someone to take my place. I spent a good part of the weekend on the phone with him and I'll be working very close to him to prepare him to do the job well. This will take some time but I'm not sure how long. He's a great candidate to take over. He's very intelligent and enthusiastic about helping the workers of this country get what they deserve from some of the greedy corporations of this country. He also has the time to put in. I was glad to serve but there comes a time to step aside and turn it over to somebody else. He's flying out here this morning and I'll be picking him up at the airport a bit later. I'll teach him everything I know and have learned and with his high level of intelligence, I suspect he'll pick things up very quickly. So I'm leaving the board again. Don't have time to play with you. In keeping with this theme of the greedy corporations hurting the people they owe their existence to, I'm glad to see WMT down yet again today. So, in closing, I'm gone again for some period of time. Later dudes.
They're prancing around this Friday night, dressed in mommies clothes, showing their solidarity with fellow republican and fellow Christian Bruce Jenner. I love how he likes to give talks to those young republican groups and instill his Christian values on them.
Just another one of many reasons American's will never put him in the white house. Who could look at that for four years? YIKES! And on the other end of the spectrum, Michelle is so pleasing to the eyes.
My oh my, she is ugly as sin. I guess that's the best fat boys can get. By the way, they said she quit her wall street job which is probably a sign he's running. Of course, Ted Cruz already quit her job with Goldman Sachs. Notice how all these republican politicians have jobs with these financial companies that they aren't qualified for? Nah, they're not bought off politicians. LOL
that as the republican attacks on Hillary by the republicans increased, her support from women has increased in step with the increased attacks and her overall lead against the main republican hopefuls is now higher than ever. Nobody ever accused the republicans of being too smart. Oh, or even a little bit smart.
I'm one of those liberals and I don't want the death penalty because that's just too easy of a way out. I want him to spend years, rotting in prison and being taken advantage of by the big boys. That's a hell nobody wants. And if you think the others in prison aren't going after him, than you don't understand the mind of American prisoners. Many have done terrible things but attacking people because they're Americans is one thing they hate, along with anyone who murders children.
Maybe they can call in the Bachmann's and they can pray the problems away. Of course that wouldn't be too big a feat since there aren't any problems to start with.
Doesn't look like we're going to hit that $79 up today for AMZN that would have made it up more in one day than WMTs total stock price but its a mighty fine day none the less. Up $60 right now. Can you imagine what the WMT pimps would do if they were up even 10% of that in a day, $6? They'd probably have a heart attack from severe shock. Hey, I might too because this is a dying company and you'll never see a $6 up day in a dying company and that would be the shock of all shocks but don't worry, it'll never happen.
AMZN is now up $62 today. Wouldn't it be funny if they would end up with a gain for the day equal to WMTs total stock price? But hey, AMZN doesn't pay a 2% dividend. LOL
Remember when WMT wanted to operate a bank? Now that was a real knee slapper. They couldn't even operate a 6 year olds piggy bank. The humor never ends. LOL
AMZN now up $55 today. WMT is trying to ride their coat tails and gain a few cents. LOL WMTs few pennies may last an hour or so before reality sets in and they start crashing again.
Although WMT is very destructive to this country and their workers, I guess you could say they bring one tiny positive to the table. They bring us great humor. Its just hilarious watching them trying to operate against companies with leadership a thousand times smarter, like Amazon and Costco.
I just don't understand it. I thought WMT would be murdering AMZN because I thought they would destroy them with their brilliant idea to sell used video games that nobody wants anymore, their crack plans to control the video rental market as video rentals were dying and their ace plan to have Eunice and Cooter pick up some packages while they were at WMT and deliver them to customers that bought junk online. LOL
Remember way way way back a whole three months ago when I was telling you that you should be buying instead of whining when AMZN was around $290? Of course your would have only made a measly $150 a share on it in that three months. By the way, WMT is down in the last three months. Is that what they call rubbing salt in the wound? LOL
Okay, its no Amazon this morning but SBUX is up over 4% premarket as WMT remains stuck in the Alabama mud like Vinny and Lisa got stuck in. Just more proof that companies that treat their workers well, care about our country and communities, flourish, while companies like WMT that want to just be takers are destined to a slow death. When will the idiots in Bentonville wake up?
And it just keeps getting better and better. AMZN is now up $48.01 premarket. Now, if you want to put that in perspective, that $48 that AMZN is up just this morning before the markets open is 60% of WMT's total share price. Its been so wise to hold onto WMT for the last 15 years. At least considered wise in the republican sheep world where they think its smart to elect republican politicians that take take and take from them and give to the billionaires and in a world where they think a flat tax would be good for them. What did Forest Gumps's mommy say? Stupid is as stupid does?
Why Ted Cruz, Rand Paul — and Russian oligarchs — love the flat tax
By Rick Newman
April 22, 2015 4:20 PM
And now, making its quadrennial, limited-engagement appearance before voters: the irresistible, feel-good, stump-speech staple known as the flat tax!
It’s so appealing, the flat tax. You just trash the entire labyrinthine tax code and start over with a system so simple it can be printed on one page. Two Republican presidential candidates — Sen. Rand Paul of Kentucky and Sen. Ted Cruz of Texas — favor a flat tax, though neither has spelled out the details of his plan. Sen. Marco Rubio of Florida, another presidential candidate, has a more detailed plan that would compress six income tax brackets into two and incorporate other ideas drawn from the flat-tax playbook. Assuming Jeb Bush enters the race, it’s likely he’ll call for a simpler and less burdensome tax code as well, as Mitt Romney did in 2012.
The flat tax has been a staple of conservative politics since at least the 1980s, and it was the centerpiece of Steve Forbes’s two presidential bids, in 1996 and 2000. But a federal flat tax has never come close to being enacted in the United States, and the prospects don’t seem any better now.
“The flat tax has been around for years and years,” says Howard Gleckman of the nonpartisan Tax Policy Center. “But the idea of doing a pure flat tax is just a pipe dream.”
Several countries do have a flat tax — but you won’t be hearing candidates mention them, because they’re not the sort of places America seeks to emulate. In Russia, there’s just one income tax rate: 13%. That might sound low, but Russia has a rigged economy in which the state earns revenue through shady deals and ownership of huge companies, well-connected oligarchs often slither out of paying taxes, and only the rank and file play by the rules. Other former Soviet republics have similar tax structures and their own problems with tax compliance.
Several eastern and central European nations — including Estonia, Slovakia, Romania, the Czech Republic, Ukraine, Bulgaria and Hungary — adopted a flat tax after escaping Soviet domination in 1989. A simple system with a single low tax rate seemed appealing to nations eager to adopt capitalism and lure global investors. But a flat tax tends to lose popularity when growth slows, hard times hit, and it suddenly seems like wealthy citizens are contributing less than their fair share. During the last few years, Slovakia and the Czech Republic repealed their single-rate system and imposed higher rates for wealthier earners.
Alllure of the flat tax
Still, the flat-tax plays well in political campaigns because it’s the kind of simple idea that seems intuitive to voters. And the idea of chucking a creaky, unpopular tax system for a shiny new one can easily be imagined as a free upgrade. Some polls suggest Americans love the idea of a flat tax, while others show they don't like it at all. It's probably safe to conclude most Americans haven't thought about the details enough to know for sure.
The basic principle barely needs elaboration: There should be just one tax rate that applies to everybody equally, with few loopholes that give anybody an unfair advantage. But turning that concept into politically palatable legislation turns out to be extremely difficult. Economists typically call a single tax rate “regressive,” because it imposes a heavier relative burden on lower earners than higher ones. That’s why most western democracies have “progressive” tax systems, with gradually higher rates for wealthier taxpayers: in general, western society accepts the idea that people who have more should pay more in taxes (though there remain sharp disagreements over how much more).
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A flat tax system can be modified to make it more progressive--but then it stops being simple. Rubio’s tax plan — co-sponsored by Republican Sen. Mike Lee of Utah and introduced in March — has two tax brackets instead of one: 15% for people earning up to $75,000, and 35% for those earning more. Most Republican flat-tax plans during the last three decades have called for a single rate of 20% or less. But that would generate far less revenue than the current tax system, leaving a huge hole in the federal budget that would have to be plugged through big spending cuts or sharp increases in other taxes — both sure to be unpopular. Rubio drew flak from conservatives for proposing a tax rate as high as 35%, but that’s necessary to keep the government afloat. And even then, the Rubio-Lee plan would fall far short of raising the revenue Washington needs to operate as it does now.
It's not so simple
To remain simple, a flat tax would also entail the elimination of most tax breaks. That, too, is problematic, since those tax loopholes, so often derided, benefit … practically everybody. There are tax breaks for lower-income workers, homeowners, people who get health insurance from an employer, and most people who invest in a retirement account. You could keep any number of them while still moving to a flat tax, but at some point, holding on to a bunch of tax breaks would defeat the purpose of simplifying the tax code and putting every taxpayer on equal footing.
The final problem with a flat tax is that it often entails a new consumption tax — which could be a national sales tax, a business tax that gets passed on to consumers, or some other variety — meant to make up the revenue lost through lower income tax rates. Many economists think it makes sense to tax consumption more and income less, because that would strengthen the incentives to work and save.
But this would also hit lower-income voters harder, unless there were exemptions meant to even out the burden. And even then, voters don’t want to hear about new sales taxes any more than they want to hear about losing tax breaks they’ve long relied on — even if they’d ultimately end up with a lower tax burden overall. Change is hard, as they say.
Most of the presidential candidates — including Democrat Hillary Clinton — agree that the U.S. tax code is too complex and burdensome and needs to be streamlined. So debate over a flat tax during the 2016 campaign might contribute to a slightly flatter tax code than we have now, with fewer tax brackets, perhaps, or at least fewer moving parts. But a truly flat tax, with just one rate and a few simple rules, will remain relegated to conservative campaign speeches and rallies. That may keep it alive, since the tradeoffs required to actually put one in place could spoil the whole idea.
What makes me chuckle is when I look back those six years ago and shep the idiot was telling my how overpriced AMZN was in the high 30's and what a great bargain WMT was. Now there's a real Wall Street Wiz for ya. LOL
What's sad is that the self made very wealthy people in this country realize all this because they're very smart and want to remedy this yet the low IQ inheritance babies who didn't earn their money are too dense to understand that everyone in this country would be better off with more equality and instead stupidly give millions and billions to republican politicians to block the necessary moves to bring about more balanced inequality. Dumb people who were given large amounts of money are a big danger to any country. Not going to name any names but since we're on this board, does a name that begins with WAL and ends with TON ring anybody's bell?
What's funny is the WMT pimps wet their pants in excitement when WMT raises the dividend one big penny for three months. Its hard to believe that just six years ago, WMT stock price was higher than Amazon's. No, its not really hard to believe. All you had to do is look at the management teams and you could see that one was the future and the other was dying with no hope of being saved.