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Old February 17th, 2017, 05:44 AM   #21
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Originally Posted by Aufgeblassen View Post
When you have losses that are the same or greater than gains, then the taxes are 0% or -XX%. Because taxes are proportional (and unfortunately exponential) to gains. Taxes 101 - hello?!
Okay....then instead face the Fact he has more losses than profit as a businessman and has bankrupted many of his ventures jilting his workers and banks. What a great representation of quality leadership.
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Old February 17th, 2017, 06:13 AM   #22
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Okay....then instead face the Fact he has more losses than profit as a businessman and has bankrupted many of his ventures jilting his workers and banks. What a great representation of quality leadership.
Only for a relatively small percentage of the time he has been in business. Fortunately (or unfortunately, depending on your perspective), you can spread a loss (or gain!) over many more years than they occurred. I have done this MYSELF as totally a middle class person. It was called "Income Averaging". One year I somehow had a much larger than nominal taxable income, so luckily I could spread it out over several years, and NOT be hit nearly as hard with taxes.
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Old February 17th, 2017, 06:30 AM   #23
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Only for a relatively small percentage of the time he has been in business. Fortunately (or unfortunately, depending on your perspective), you can spread a loss (or gain!) over many more years than they occurred. I have done this MYSELF as totally a middle class person. It was called "Income Averaging". One year I somehow had a much larger than nominal taxable income, so luckily I could spread it out over several years, and NOT be hit nearly as hard with taxes.
It is obvious you will excuse whatever he does or has done so this conversation is pointless...Have A Nice Day
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Old February 17th, 2017, 06:48 AM   #24
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In
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It is obvious you will excuse whatever he does or has done so this conversation is pointless...Have A Nice Day
Nope! Not true at all! I am merely pointing out perspective. If you have the wrong or no perspective, you easily jump to inappropriate conclusions.
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Old February 17th, 2017, 08:38 AM   #25
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'
George Orwell described the nature of all modern forms of government in his allegorical novel, 1984. His term for this form of government was oligarchical socialism.

"Oligarchical Socialism" is in fact the form of social control exercised in the USA since the end of World War II; it replaced the laissez faire capitalism that came before it.

Socialism can be defined as the providing of certain human needs by the state instead of by the private sector. These needs can be health care, education, or just general financial support to promote the general welfare of the society.

Oligarchical Socialism, on the other hand, provides these same support mechanisms but to a very limited number of recipients, usually called "The Upper Classes", and it uses the combined resources of the society to provide those needs.

In other words, while only a small number of individuals (government, business, special groups) are receiving these benefits, the collective mass of society pays for them. You pay, but don't get anything in return.

If this system seems unfair, it's because it is; but it is successful, having tranferred most of the wealth and power of the society to roughly 1% of the top families. The mechanisms that perform this feat are the forces of taxation, subsidization, tokenization of wealth and regulation which can be used by those that control the government to direct the collective wealth into their hands.

On first sight, one would expect that this system would fail because of the unfairness of the system to the people who are doing the work which creates the wealth of the society. Ordinarily this is true, but this system needs to have only one ability in order to survive its apparent dilemma: that is the ability to propagandize the laboring masses into thinking the system works for them.

Ours is the most effective system of indoctrination ever created because it relies on the fullfillment of subconscious desires in the human mind. It was carefully crafted by Freud's disciple Bernays in the 1920's through what is now known as "Public Relations" and has replaced religion as the most successful form of social control.


[In America] we have socialism for the rich and free enterprise for the poor.
---- Gore Vidal
.
But that's not socialism (by definition worker control). That's just plain, old fashioned olarachy.

It's should be noted that Orwell was a democratic socialist (not to be confused with social democrats) and wrote dark political satire. 1984 was an attack on the Nazis, the 'socialism' was ironic and not an honest example of socialist policies. Animal Farm in turn was an attack on the state capitalism of Stalin's 'communism'. Why people take his writings at face value is something that has baffled me since HS. Did nobody else realize it was satire? I know people tend to sleep thru English lit and history classes but really now...
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Old February 17th, 2017, 08:44 AM   #26
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Here's the bottom line:

ONLY capitalism is wonderful, while socialism/communism makes EVERYBODY poor, after the initial phase of the riches of the wealthy is STOLEN and all used up.

If you are in denial of this, your cheese fell off your cracker a long time ago!

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Old February 17th, 2017, 05:18 PM   #27
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It's should be noted that Orwell was a democratic socialist (not to be confused with social democrats) and wrote dark political satire. 1984 was an attack on the Nazis, the 'socialism' was ironic and not an honest example of socialist policies. Animal Farm in turn was an attack on the state capitalism of Stalin's 'communism'.
You are correct about Animal Farm, but not about 1984.

To repeat, 1984 was an allegory about ALL modern forms of government, that is the reason for its title; Orwell wrote it in 1948 and switched the last two digits to make it seem as though it was about the future --- it is about all forms of government which exploit the people through totalitarianism, mass indoctrination and fear, and so it is just as much about the United States as it is about any other modern society.

WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH
.
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Old February 18th, 2017, 05:16 AM   #28
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so it is just as much about the United States as it is about any other modern society.
Nope! It was about a predicted future, which failed miserably.

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WAR IS PEACE
Nope! However, "peace through strength" is the closest, but strength does NOT mean war, as strength of one's enemy makes it foolhearted to start a war with aforementioned, so NO cigar.

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FREEDOM IS SLAVERY
Not hardly! May as well say that everything is the opposite of itself. Makes as much sense.

IGNORANCE IS STRENGTH
[/QUOTE]

Try proving that one; comparing apples and oranges.

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Old February 19th, 2017, 12:34 PM   #29
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WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH
.
Obviously, for a certain literal-minded person, I should have written:

SARCASM ALERT! ---

Dicta are from 1984, and our rulers do everything in their power to put them into political, social and economic practice.
.
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Old February 27th, 2017, 05:06 PM   #30
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“Doing well is the result of doing good. That's what capitalism is all about.”
―Ralph Waldo Emerson
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Old March 1st, 2017, 02:49 PM   #31
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'
Those who think they know more about economics than they actually do might find the work of Joseph Stiglitz interesting:

Joseph Stiglitz

Quote:
Traditional neoclassical economics literature assumes that markets are always efficient except for some limited and well defined market failures. More recent studies by Stiglitz and others reverse that presumption: It is only under exceptional circumstances that markets are efficient. Stiglitz has shown (together with Bruce Greenwald) that "whenever markets are incomplete and /or information is imperfect (which are true in virtually all economies), even competitive market allocation is not constrained Pareto efficient". In other words, there almost always exists schemes of government intervention which can induce Pareto superior outcomes, thus making everyone better off. Although these conclusions and the pervasiveness of market failures do not necessarily warrant the state intervening broadly in the economy, it makes clear that the "optimal" range of government recommendable interventions is definitely much larger than the traditional "market failure" school recognizes. For Stiglitz there is no such thing as an "invisible hand"....

In Freefall: America, Free Markets, and the Sinking of the World Economy (2010), Stiglitz discusses the causes of the 2008 recession/depression and goes on to propose reforms needed to avoid a repetition of a similar crisis, advocating government intervention and regulation in a number of areas....

This book does not require an economics background in order to be of value to the reader. Rather it explains Mr. Stiglitz's views on the recent economic crisis in terms which make it relevant to the average homeowner, retirement investor, and voter in the United States. He explains how without fundamental changes in economic policy and regulation the position of the US in the world political and economic arena may deteriorate significantly.
Here is the text of an interview of Stiglitz by Amy Goodman on Democracy Now:

Stiglitz

.
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