tag:blogger.com,1999:blog-10694316.post914597487131657547..comments2024-03-27T20:10:46.984-07:00Comments on The Rambling Taoist: Grrrrrrrrrr!The Rambling Taoisthttp://www.blogger.com/profile/04730292897416827840noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-10694316.post-46463978896472148762011-02-27T19:39:18.581-08:002011-02-27T19:39:18.581-08:00Hello GOD-Zilla, this is not-Susan :-),
First of ...Hello GOD-Zilla, this is not-Susan :-),<br /><br />First of all I want you to understand that I am neither a right or left winger. When I made my comment it was because I wanted to take away the embellishment of a very left slant by stating what is true. It wasn't about taking sides. If we take sides we ONLY see and interpret things from one (our) side of the coin. I learnt that when watching my daughter play high school basketball while angrily venting about the OBVIOUS bias that the referees had against our team. Then while talking to the parents from the other team they expressed the same identical complaint about the referees bias towards their team. I guess what I am saying is that we lean towards distorting the truth to comply to our belief. Then our distortion of truth becomes bigger than life's reality and we then live in that delusion to support our belief. What I want to know is the truth. That is a very hard undertaking mainly because of our tendency towards our own self-deceit.Unknownhttps://www.blogger.com/profile/00317738626367664514noreply@blogger.comtag:blogger.com,1999:blog-10694316.post-25253478557479049102011-02-27T14:49:16.722-08:002011-02-27T14:49:16.722-08:00cdogzilla,
Me either!
Mark (not Susan),
I lived i...cdogzilla,<br />Me either!<br /><br />Mark (not Susan),<br />I lived in Oregon for nearly 14 years before moving to Washington, so I know all about Oregon's high tax rates. It always warmed my little cockles to know that my family paid more in state income taxes each year than Nike, Intel & PGE combined!!<br /><br />While there might be a capital gains tax on the income portion, it is only 15% and many corporations and wealthy individuals are able to defer even that small amount indefinitely due to our nation's business-friendly tax policies.<br /><br />Still, the point of the article is that average folks get taxed on their total income AND their purchases. The rich, however, can legally shield much of their income from the tax man and/or pay a smaller percentage than the rest of us AND, in many instances, they pay zilch on quasi-financial purchases.<br /><br />That doesn't seem fair and equitable to me.The Rambling Taoisthttps://www.blogger.com/profile/04730292897416827840noreply@blogger.comtag:blogger.com,1999:blog-10694316.post-56302486425253330132011-02-27T13:55:57.877-08:002011-02-27T13:55:57.877-08:00A hedge fund manager pays taxes when they sell a c...A hedge fund manager pays taxes when they sell a credit default swap. It is called capital gain (or loss) tax. There are many ways and methods on how taxes are gathered. I live in Oregon where there isn't a sales tax but we are one of the highest taxed states. The author of this article makes it sound like there isn't any taxes being paid involved with a credit default swap. I guess you could come up with the same conclusion with us Oregonians because we don't pay a sales tax.Unknownhttps://www.blogger.com/profile/00317738626367664514noreply@blogger.comtag:blogger.com,1999:blog-10694316.post-9857152095844384152011-02-27T13:32:00.278-08:002011-02-27T13:32:00.278-08:00I was trying to play Devil's Advocate by askin...I was trying to play Devil's Advocate by asking myself, what would the drawbacks be to this sort of tax? I couldn't really come up with any. That may be a failure of imagination on my part, but from the article, it doesn't sound like opponents of the tax have any good reasons either, just the usual FROTHING AT THE MOUTH THAT ALL TAXES ARE BAD AND EVIL AND KILL JOBS AND BLAH BLAH BLAH.cdogzillahttps://www.blogger.com/profile/10329502756815335672noreply@blogger.com