Comments on: Steve Forbes Lists (and Lists, and Lists) the Benefits of the 2003 Tax Cuts http://www.bizzyblog.com/2006/05/14/steve-forbes-lists-and-lists-and-lists-the-benefits-of-the-2003-tax-cuts/ The Business End of the Blogosphere Fri, 09 Jan 2009 01:21:58 +0000 http://wordpress.org/?v=2.5 By: SAM http://www.bizzyblog.com/2006/05/14/steve-forbes-lists-and-lists-and-lists-the-benefits-of-the-2003-tax-cuts/#comment-11093 SAM Mon, 15 May 2006 18:11:14 +0000 http://www.bizzyblog.com/?p=2111#comment-11093 #4 hits the liberal out of the park!!! Yes Sir, now THAT'S what I'M talking 'bout! #4 hits the liberal out of the park!!! Yes Sir, now THAT’S what I’M talking ’bout!

]]> By: TBlumer http://www.bizzyblog.com/2006/05/14/steve-forbes-lists-and-lists-and-lists-the-benefits-of-the-2003-tax-cuts/#comment-11012 TBlumer Mon, 15 May 2006 13:49:07 +0000 http://www.bizzyblog.com/?p=2111#comment-11012 #3, nice job of misquoting again. I DID NOT suggest house and property maintenance (not sitting) and housewatching as an economic boomlet. I did suggest that it is incremental economic activity. Do you deny that? If you think I believe in the sanctity of monopolized markets, read my post on concerns about net neutrality: http://www.bizzyblog.com/?p=1932 I think anyone reading your comments and comparng them to mine knows who the ideologue is. About 41% of the population (32% of returns filed) pays NO Federal income tax, and millions of those get the Earned Income credit. How do you provide "relief" to someone who is either paying nothing or who is already getting paid by the income tax system? http://www.taxfoundation.org/publications/show/1410.html I think you're wrong about the markets, but only time will tell. Your stereotypical views of the rich are sickening. I'm sure you would think my brother who works his ass off is rich. He has no mistress, no boat, he rents out his second (former) house, has a wife and three kids, and primarily focuses on his business and the future of his family. I take it very personally that jerks like you stereotype him because he is successful. About 55 cents of every incremental dollar he makes goes to Uncle Sam or Uncle Arnold, and yet HE is the greedy, selfish bastard. Bleep you. #3, nice job of misquoting again. I DID NOT suggest house and property maintenance (not sitting) and housewatching as an economic boomlet. I did suggest that it is incremental economic activity. Do you deny that?

If you think I believe in the sanctity of monopolized markets, read my post on concerns about net neutrality:
http://www.bizzyblog.com/?p=1932

I think anyone reading your comments and comparng them to mine knows who the ideologue is.

About 41% of the population (32% of returns filed) pays NO Federal income tax, and millions of those get the Earned Income credit. How do you provide “relief” to someone who is either paying nothing or who is already getting paid by the income tax system?
http://www.taxfoundation.org/publications/show/1410.html

I think you’re wrong about the markets, but only time will tell.

Your stereotypical views of the rich are sickening. I’m sure you would think my brother who works his ass off is rich. He has no mistress, no boat, he rents out his second (former) house, has a wife and three kids, and primarily focuses on his business and the future of his family. I take it very personally that jerks like you stereotype him because he is successful. About 55 cents of every incremental dollar he makes goes to Uncle Sam or Uncle Arnold, and yet HE is the greedy, selfish bastard. Bleep you.

]]> By: Theo http://www.bizzyblog.com/2006/05/14/steve-forbes-lists-and-lists-and-lists-the-benefits-of-the-2003-tax-cuts/#comment-11003 Theo Mon, 15 May 2006 13:32:41 +0000 http://www.bizzyblog.com/?p=2111#comment-11003 Dude, you are a trip. Suggesting housesitting as an economic boomlet is funnier than Cheney touting eBay businesses a few years back. You're an idealogue, as are the WSJ zombies quote -- you believe in the absolute sanctity of the (monopolized) markets and tax cuts and thus, pick facts to support your beliefs while ignoring others. Tax relief for those who really need it (as opposed to the rich) would pour tons of cash into the economy, too - especially since there's a lot more people in the poor and middle class. Small businesses could flourish. They'd actually buy stuff they need, as opposed to a second and third house or boat or mistress. The Dow's no indicator of economic health - it was sky-high during the Clinton years, too. Realistically, it has nowhere to go but down. You'll see. Dude, you are a trip.
Suggesting housesitting as an economic boomlet is funnier than Cheney touting eBay businesses a few years back.
You’re an idealogue, as are the WSJ zombies quote — you believe in the absolute sanctity of the (monopolized) markets and tax cuts and thus, pick facts to support your beliefs while ignoring others.
Tax relief for those who really need it (as opposed to the rich) would pour tons of cash into the economy, too - especially since there’s a lot more people in the poor and middle class. Small businesses could flourish. They’d actually buy stuff they need, as opposed to a second and third house or boat or mistress.
The Dow’s no indicator of economic health - it was sky-high during the Clinton years, too.
Realistically, it has nowhere to go but down. You’ll see.

]]> By: TBlumer http://www.bizzyblog.com/2006/05/14/steve-forbes-lists-and-lists-and-lists-the-benefits-of-the-2003-tax-cuts/#comment-10985 TBlumer Mon, 15 May 2006 04:47:07 +0000 http://www.bizzyblog.com/?p=2111#comment-10985 Well, you did pick Forbes' weak link, because markets are based largely on expectations of future profits, and that depends on a lot more than tax policy (though the wrong tax policy can stifle the markets. That doesn't change the fact that even after two bad days, the markets are up a bunch in the past 3 years. That IS a good thing, right? My brother bought a second home, a new one, and rents out the first. An awful lot of economic activity went into building that new home. I fail to see the "garbage" in that. If you're concerned about investments in vacation property, well, that could be a business startup (renting it out to others), OR it could be for a family's own use. In either case someone probably is watching over the property when the family isn't there and is making money for doing so, which is more economic activity. I guess you missed the post early Sunday on how business investment ("reinvesting it back in the economy") has shot up since the tax cuts took effect: http://www.bizzyblog.com/?p=2108 You also don't seem to have grasped the last sentence of the second last bullet, which repesents investment (probably should have had its own bullet, because it refers to domestic investment). If you want to think outside the box, take a gander at this idea, which I'm evaluating: http://www.bizzyblog.com/?p=1726 Well, you did pick Forbes’ weak link, because markets are based largely on expectations of future profits, and that depends on a lot more than tax policy (though the wrong tax policy can stifle the markets. That doesn’t change the fact that even after two bad days, the markets are up a bunch in the past 3 years. That IS a good thing, right?

My brother bought a second home, a new one, and rents out the first. An awful lot of economic activity went into building that new home. I fail to see the “garbage” in that. If you’re concerned about investments in vacation property, well, that could be a business startup (renting it out to others), OR it could be for a family’s own use. In either case someone probably is watching over the property when the family isn’t there and is making money for doing so, which is more economic activity.

I guess you missed the post early Sunday on how business investment (”reinvesting it back in the economy”) has shot up since the tax cuts took effect:
http://www.bizzyblog.com/?p=2108

You also don’t seem to have grasped the last sentence of the second last bullet, which repesents investment (probably should have had its own bullet, because it refers to domestic investment).

If you want to think outside the box, take a gander at this idea, which I’m evaluating:
http://www.bizzyblog.com/?p=1726

]]> By: Theo http://www.bizzyblog.com/2006/05/14/steve-forbes-lists-and-lists-and-lists-the-benefits-of-the-2003-tax-cuts/#comment-10983 Theo Mon, 15 May 2006 03:09:56 +0000 http://www.bizzyblog.com/?p=2111#comment-10983 Markets go up, markets go down. We dropped what, a couple hundred points on the Dow in the last couple of days? To attribute them to tax cuts for the rich is folly. Know why housing is booming? Because 4 out of 10 new houses sold recently are for SECOND homes. There goes that whole "reinvesting it back into the economy" garbage. They're just living higher on the hog. Markets go up, markets go down. We dropped what, a couple hundred points on the Dow in the last couple of days?
To attribute them to tax cuts for the rich is folly.
Know why housing is booming? Because 4 out of 10 new houses sold recently are for SECOND homes.
There goes that whole “reinvesting it back into the economy” garbage. They’re just living higher on the hog.

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