Political Posts

[cubsfan]

1 hour ago, Gregmal said:

Which is influenced by the lens you are looking through. This obviously heavily influenced by the propaganda they’ve been eating up. 
 

In a way, no different than the anti vax or anti lockdown people. Fools go out and stomp around with signs. If you have a problem it’s probably because you’re living in the wrong area, or you care too much. Because the beauty of America is that despite the total bullshit being peddled, many places in America you can do exactly or whatever you want despite the narrative that’s fed to you by the media. If you don’t like extreme left NYC, move. Other side of the coin is there plenty of people whom love it. That’s their place. If you don’t like taxes, there’s states that have none. If you don’t like governments threatening fines and jail for going to the gym, there’s states that handled things the right way. Huge fan of abortions…there’s states for that! Something for everyone, if indeed the hot button issue is that meaningful to you. None of that is threatened by anything going on in Washington. So if you’re protesting in NY. Fuckin retard you’re not threatened lol. If you’re protesting in Panama City….lol why? Americas becoming the land of whine but don’t take action. And then the whiners demand to be placated. Screw them.

 

Bingo!    The state vs federal view. Every state government is a "laboratory" in governance. You want to live with progressive socialists - move to CA, WA, Oregon.

Love the conservative lifestyle - Florida, AL, MS, lots of the Deep South.

 

The telling part is the flight from CA, ILL, NY - and no migration back.

Kind of like you election results.  Mostly, you can live where it fits you.

 

It's a beautiful system overlaid by the constitution and bill of rights federally.

[cubsfan]

39 minutes ago, orthopa said:

 

We need to remember that ALOT of people who are poor are so by their own doing. Who is not? The retarded, the handicapped, the truly disabled. 

 

We live in a country where prek-12 schooling is free, the transportation there is free, breakfast and lunch are free. Sports and afterschool programs are available after school. Then if needed daycare, housing, monthly stipend for food, healthcare are paid for etc. college is more accessible then ever for those in need. 

 

Even if you grow up poor, your parents are poor etc individuals in this country are given plenty of opportunity to not be "poor". Maybe its about time we ask why these people keep making poor decisions or understand that they make the decisions they make because they want to forego opportunity for better in exchange for guaranteed resources. Sometimes people who are "poor" are ok with subsidized housing, food stamps and minimum wage jobs. Its the others projecting their dissatisfaction that think its bad they are poor.

 

People are upset by people being poor should be very upset by the decisions and culture that leads to poverty. Put your energy towards that. You will get tired eventually, throw your hands up and walk away too. 

 

Truth is, America is the only country in the world were the children of poor immigrants regularly move into the rich class through education, discpline and hard work - and are not discriminated against becuase of their race/religion/caste.

 

It's working in America for generations - and is what makes America great.

[cubsfan]

2 hours ago, Blake Hampton said:

It’s not that he was elected, it’s that he’s overstepping his presidential authority.

 

This is total bullshit. I'd love to hear your very specific actions where the President has overstepped his authority.

[Gregmal]

33 minutes ago, Sweet said:

You’re on an investing forum and you don’t seem to know a basic economic fact.  Wealth is created, not hoarded.

Yup. All the billionaires are one man isolationists….none of them own companies that employ people, or so the argument goes I guess; which is exhibit A for “trickle down”. You don’t even have to get into the myriad other ways it does. Entrepreneur owns business, business creates jobs and economic activity. Simple as can be. 

Edited June 15, 2025 by Gregmal

[Blake Hampton]

22 minutes ago, Sweet said:

You’re on an investing forum and you don’t seem to know a basic economic fact.  Wealth is created, not hoarded.

 

When Apple uses the additional net income from lower corporate taxes to buy back stock, I call that wealth hoarding.

 

That money is not being used for growth, higher salaries, or anything of the sort, it's being used to further enrich shareholders. In this situation I understand that the money doesn't disappear, but it does go to another selling shareholder.

When you cut corporate taxes further into an already massive deficit, you're effectively providing stimulus to the rich at the expense of everyone.

[cubsfan]

6 minutes ago, Blake Hampton said:

 

When Apple uses the additional net income from lower corporate taxes to buy back stock, I call that wealth hoarding.

 

That money is not being used for growth, higher salaries, or anything of the sort, it's being used to further enrich shareholders. In this situation I understand that the money doesn't disappear, but it does go to another selling shareholder.

When you cut corporate taxes further into an already massive deficit, you're effectively providing stimulus to the rich at the expense of everyone.

 

Huh? So all those employees that held Apple stock options and got rich don't count?  Stock options made me & my family wealthy.  All those pension funds and index funds that held Apple stock didn't benefit?

 

And then all of us that got rich - had to pay taxes on those gains.

 

Did you flunk economics @Blake Hampton?

[Gregmal]

11 minutes ago, Blake Hampton said:

When Apple uses the additional net income from lower corporate taxes to buy back stock, I call that wealth hoarding.

 

That money is not being used for growth, higher salaries, or anything of the sort, it's being used to further enrich shareholders. In this situation I understand that the money doesn't disappear, but it does go to another selling shareholder.

So owners can not allocate capital where they see fit? Apple has spent hundreds of billions on growth and employment, but if they reward shareholders, that crosses the line? I can’t believe I’m reading some of this. Even seeing a dividend or buyback being called “enrichment” lol…absolutely insane.

[Blake Hampton]

This system that we have currently, where we're effectively printing money in order to give to both the old and the rich, will get very interesting once we have to actually start paying for it.

 

Some of you really think that the bond market can absorb $3 trillion worth of issuance forever. And while Trump is talking about "America first," other countries own about a third of our total debt. All I can say is that this will end at some point, and that every single person is going to feel the effects of that. When the quality of life for the average person goes down the toilet, and they figure out that it was caused by what I said above, I don't imagine they'll be very happy.

But maybe money does grow on trees.

[cubsfan]

1 minute ago, Blake Hampton said:

This system that we have currently, where we're effectively printing money in order to give to both the old and the rich, will get very interesting once we have to actually start paying for it.

 

Some of you really think that the bond market can absorb $3 trillion worth of issuance forever. And while Trump is talking about "America first," other countries own about a third of our total debt. All I can say is that this will end at some point, and that every single person is going to feel the effects of that. When the quality of life for the average person goes down the toilet, and they figure out that it was caused by what I said above, I don't imagine they'll be very happy.

But maybe money does grow on trees.

 

Yeah, you definitely need to re-read some of @gfp and @wabuffo posts in the bond thread. Now you are going with a completely different argument.

[Blake Hampton]

Something important to understand is that business generally is having its day in the sun right now:

 

- Historically low corporate taxes

- Historically low interest expense

- A business friendly president (used to be?)

- Historically high ROEs

 

This will not last forever.

 

And one of my biggest fears is that the average person I mentioned above eventually blames "business" for causing all of his problems. If so, then this situation turns on its head:

 

 

Edited June 15, 2025 by Blake Hampton

[Sweet]

52 minutes ago, Blake Hampton said:

 

When Apple uses the additional net income from lower corporate taxes to buy back stock, I call that wealth hoarding.

 

That money is not being used for growth, higher salaries, or anything of the sort, it's being used to further enrich shareholders. In this situation I understand that the money doesn't disappear, but it does go to another selling shareholder.

When you cut corporate taxes further into an already massive deficit, you're effectively providing stimulus to the rich at the expense of everyone.

That is not wealth hoarding.

 

And even if billionaires are hoarding wealth it makes no difference since wealth is created.

 

This idea that the rich are preventing everyone else from getting rich is economically wrong socialist garbage.

[Blake Hampton]

9 minutes ago, Sweet said:

This idea that the rich are preventing everyone else from getting rich is economically wrong socialist garbage.

I didn’t say that.
 

Socialism doesn’t work. Markets work better.

[cwericb]

2 hours ago, cubsfan said:

 

Truth is, America is the only country in the world were the children of poor immigrants regularly move into the rich class through education, discpline and hard work - and are not discriminated against becuase of their race/religion/caste.

 

It's working in America for generations - and is what makes America great.

 

Horse feathers!

 

Not only is that a very presumptive (and incorrect) statement, but even IF it was true, why is the country going to such extremes to get rid of immigrants - especially since they "are not discriminated against becuase of their race/religion/caste."

[Sweet]

1 hour ago, Blake Hampton said:

I didn’t say that.
 

Socialism doesn’t work. Markets work better.

I know you don’t, but you are reciting some of their mantra.  Mantra which is just false.

[Red Lion]

46 minutes ago, cwericb said:

 

Horse feathers!

 

Not only is that a very presumptive (and incorrect) statement, but even IF it was true, why is the country going to such extremes to get rid of immigrants - especially since they "are not discriminated against becuase of their race/religion/caste."

It’s not like the country is going to great extremes to remove legal immigrants. Notwithstanding trumps rhetoric we are still deporting way less people than under Obama’s administration. 
 

We did just go through 4 years of above trend illegal immigration. 
 

I’m a huge proponent of more immigration. If I were president I wouldn’t be targeting people who had been here for 20 years for deportation. But they still entered or stayed  illegally. It’s crazy to me to see so many people make these types of statements that just aren’t based in fact. They’re based on trump’s tweeting hyperbole. 

[Blake Hampton]

9 minutes ago, Sweet said:

I know you don’t, but you are reciting some of their mantra. Mantra which is just false.

Being against corporate tax cuts during historical deficits is socialism now.

 

LOLOLOLOL.

[Blake Hampton]

I could see taxes on capital gains maybe being a better idea than corporate taxes specifically.

 

Or is this also socialism?

[Gregmal]

lol claiming companies distributing  earnings to their owners is “hoarding and enrichment” is like straight out of the socialists playbook. It’s called return of capital, and something one has a right to expect when making investments. 

[Sweet]

22 minutes ago, Blake Hampton said:

Being against corporate tax cuts during historical deficits is socialism now.

 

LOLOLOLOL.

 

18 minutes ago, Blake Hampton said:

I could see taxes on capital gains maybe being a better idea than corporate taxes specifically.

 

Or is this also socialism?

Are you OK Blake?

 

You seem to be imagining a different conversation than the one we just had.

 

Check above for reference.

[cubsfan]

1 hour ago, cwericb said:

 

Horse feathers!

 

Not only is that a very presumptive (and incorrect) statement, but even IF it was true, why is the country going to such extremes to get rid of immigrants - especially since they "are not discriminated against becuase of their race/religion/caste."

 

CW!    

 

Why isn't Canada inviting in all the illegals that are being removed from the USA?

[Red Lion]

30 minutes ago, Blake Hampton said:

I could see taxes on capital gains maybe being a better idea than corporate taxes specifically.

 

Or is this also socialism?

I think capital gains or vat both make more sense than corporate taxes. Before 2017 the us had the highest corp income tax rate in the world, and large companies were routinely shuffling money around to show profits at overseas subsidiaries and couldn’t repatriate them. 

[Blake Hampton]

10 minutes ago, Sweet said:

Are you OK Blake?

 

You seem to be imagining a different conversation than the one we just had.

 

Check above for reference.

 

See I was thinking the same thing, so one of us here is off-kilter.

Forum conversations are probably 10% of the quality of an in-person one. It's difficult to communicate this way.

[Blake Hampton]

Just now, Red Lion said:

I think capital gains or vat both make more sense than corporate taxes. Before 2017 the us had the highest corp income tax rate in the world, and large companies were routinely shuffling money around to show profits at overseas subsidiaries and couldn’t repatriate them. 

I was thinking about it further, and I think that there almost has to be both.

 

And companies avoiding taxes through offshore means is certainly a big problem. I don't know how to solve that one. Seems scummy.

[cwericb]

58 minutes ago, cubsfan said:

 

CW!    

 

Why isn't Canada inviting in all the illegals that are being removed from the USA?

What I object to is your statement:  "Truth is, America is the only country in the world were the children of poor immigrants regularly move into the rich class through education, discpline and hard work - and are not discriminated against becuase of their race/religion/caste."

 

Canada, for one has always welcomed immigrants, many of whom have become very, very successful. 

 

 

[Blake Hampton]

1 hour ago, Gregmal said:

lol claiming companies distributing  earnings to their owners is “hoarding and enrichment” is like straight out of the socialists playbook. It’s called return of capital, and something one has a right to expect when making investments. 

 

I didn't see this comment somehow:

You all are missing my point. I don't blame managers for deploying capital as they see fit. That's the appropriate thing to do, and I think Apple has generally done an exceptional job.

 

I blame legislators for giving these people endless tax cuts during already large deficits. . This money shouldn't be there in the first place.

I don't see how this is socialism.

 

Edited June 16, 2025 by Blake Hampton