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Author Topic: Impeaching Donald Trump  (Read 136619 times)

jeremyrh

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Re: Impeaching Donald Trump
« Reply #320 on: October 10, 2019, 08:58:34 am »

Are you seriously suggesting that American enterprise has been held back in the last 20-30 years? What planet do you wake up on every day?

A world where Bill Gates had no help from his parents, I suppose. I wonder what colour the sky is ?
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Alan Klein

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Re: Impeaching Donald Trump
« Reply #321 on: October 10, 2019, 09:50:19 am »

Are you seriously suggesting that American enterprise has been held back in the last 20-30 years? What planet do you wake up on every day?
Yes.  America was held back. There was less investment in America by Americans as well as foreigners due to our high corporate income tax.  It was higher the most other countries in the world.  Since Trump changed tax legislation with Congress, corporate taxes are now lower and there's more investment in America business.
https://taxfoundation.org/lower-us-corporate-income-tax-rate-competitive/

Alan Klein

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Re: Impeaching Donald Trump
« Reply #322 on: October 10, 2019, 09:55:41 am »

A world where Bill Gates had no help from his parents, I suppose. I wonder what colour the sky is ?
Well, many kids unfortunately don't have parents to rear them or even know who their father is.  Maybe we should take everyone's parents away to even it up.

LesPalenik

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Re: Impeaching Donald Trump
« Reply #323 on: October 10, 2019, 10:12:16 am »

A world where Bill Gates had no help from his parents, I suppose. I wonder what colour the sky is ?

For every Bill Gates, there is one Steve Jobs.
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faberryman

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Re: Impeaching Donald Trump
« Reply #324 on: October 10, 2019, 10:28:17 am »

The two goons Rudy Guiliani was working with on the Ukraine deal were arrested at Dulles airport today trying to flee the country. They are being indicted for making illegal campaign contributions to Trump and to an unnamed Congressman for the purpose of facilitating the removal of then US Ambassador to Ukraine Yovanovitch. She will be testifying before the House Intelligence Committee tomorrow unless the State Department orders her not to testify as they did with EU Ambassador Sondlund on Monday.

https://www.thedailybeast.com/giulianis-ukraine-henchmen-lev-parnas-and-igor-fruman-arrested-on-campaign-finance-charge
« Last Edit: October 10, 2019, 02:13:29 pm by faberryman »
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Alan Klein

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Re: Impeaching Donald Trump
« Reply #325 on: October 10, 2019, 11:04:08 am »

For every Bill Gates, there is one Steve Jobs.
Bill Gates did have well-to-do parents.  But a lot of people do and don't become captains of industry.  Look at Paris Hilton. :)

Gates was also a genius getting a 1590 out of 1600 on the SAT's.  I guess the 10 missing points were do to a hanging chad. :)  But he worked his butt off.  I don;t know Jobs background.  But being a Lebanese did not hold him back in America.  America welcomes all comers who want to do well.  South African born American Elon Musk of Tesla fame is certainly welcome here.  He too had a rough childhood and made well coming through Canada as well.   Larry Page and Sergey Brin (originally from Russia) of Google fame had supportive parents but not rich.  I think being rich is overplayed.  Having a supportive family is better and much more important.  You also have to have the personality to be in your own business.  As mentioned earlier by Joe, children of rich people often just spend all the money and have little interest in their family's business.  In the end, all money eventually has to be spent into the economy which benefits everyone including the poor as they now have jobs.  You can't eat currency.  It's only of value to you when you spend it.  That provides jobs for others and taxes to the government.  They also give a lot to charity opening up hospital wings etc.  Look what Bill Gates is doing with his wealth.  They can't take it with them. 

jeremyrh

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Alan Klein

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jeremyrh

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Re: Impeaching Donald Trump
« Reply #328 on: October 10, 2019, 11:36:40 am »

What're the articles about and what's your point?

For a man who became an expert on the work of Thomas Piketty overnight I don't think a couple of magazine articles will tax you greatly?  But, in short, they are about the contribution of government money (you know - taxes) to entrepreneurs.
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Alan Klein

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Re: Impeaching Donald Trump
« Reply #329 on: October 10, 2019, 12:00:24 pm »

For a man who became an expert on the work of Thomas Piketty overnight I don't think a couple of magazine articles will tax you greatly?  But, in short, they are about the contribution of government money (you know - taxes) to entrepreneurs.
I did read it.  But didn;t want to comment because I didn't know what point you were trying to make.  Also, the rules here are you're suppose give a summary when you post a link to an article.  It's also a courtesy to other forum members because people don't always have time to read everything that's linked here.  Also, it would be helpful to let us know why you think the article is important to read so we may object or support your point. 

Yes, a lot of government money is used for research and development of products because government buys a lot of stuff.  What's your point?   

Peter McLennan

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Re: Impeaching Donald Trump
« Reply #330 on: October 10, 2019, 12:08:21 pm »

Meanwhile, back to the original topic, this from Fox News:

Just over half of voters want President Trump impeached and removed from office, according to a Fox News Poll released Wednesday.

A new high of 51 percent wants Trump impeached and removed from office, another 4 percent want him impeached but not removed, and 40 percent oppose impeachment altogether. In July, 42 percent favored impeachment and removal, while 5 percent said impeach but don’t remove him, and 45 percent opposed impeachment.

https://www.foxnews.com/politics/fox-news-poll-record-support-for-trump-impeachment
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Jeremy Roussak

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Re: Impeaching Donald Trump
« Reply #331 on: October 10, 2019, 12:32:55 pm »

USA!!! USA!!!!

Jeremy, I have told you before. If you can't contribute something useful, don't contribute anything at all.

For an alternative to the cheerleading, this is a start:
https://www.theguardian.com/commentisfree/2017/jul/12/phone-state-private-sector-products-investment-innovation
https://hbr.org/2013/03/taxpayers-helped-apple-but-app

And I also made it plain quite a while ago that if you post external links, you must indicate why you are posting them and what of interest or relevance lies at the other end.

Jeremy
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faberryman

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Re: Impeaching Donald Trump
« Reply #332 on: October 10, 2019, 01:59:43 pm »

I did read it.  But didn;t want to comment because I didn't know what point you were trying to make.
If you read the the articles, the point he was trying to make is obvious.
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Alan Klein

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Re: Impeaching Donald Trump
« Reply #333 on: October 10, 2019, 03:46:44 pm »

If you read the the articles, the point he was trying to make is obvious.
I don't agree with his point.  :)

Alan Goldhammer

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Re: Impeaching Donald Trump
« Reply #334 on: October 11, 2019, 08:55:45 am »

Rob, I don't know about UK, but based on my own experience, the cost and procedures to start a company (solo proprietorship or corporation) were much lower and easier in Canada than in Netherlands, Germany, Czech Republic and Slovakia. OTOH, I was told that starting and operating a business in Poland is much easier than in the surrounding states.

In Canada, it's relatively easy to start a business. You need to apply for a business number (in person or by mail), open a bank account, and print business cards. To dissolve it, you close the bank account and submit the outstanding tax return(s). The cost to register a basic unincorporated company is under $100, and a corporation can be formed for $500-$1000.
I'm staying out of the political discussions but I'll just add my experience.  When I retired from my day job in pharma, I set up a consulting practice.  You can get a business ID from IRS for free and I only had to file papers with the State of Maryland for my Limited Liability Corporation (LLC).  IIRC that cost $200 or so.  I had to file a yearly corporate tax statement with the State that outlined equipment and supply purchases and depreciation and disposal of equipment.  that took all of ten minutes to do.  I did not have to file separate tax returns for the LLC, it all went into the personal tax filing for both the US and Maryland.  Everything was pretty easy and expenses on a yearly basis, minimal.
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jeremyrh

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Re: Impeaching Donald Trump
« Reply #335 on: October 11, 2019, 09:05:20 am »

I don't agree with his point.  :)

That doesn't work - I'm surprised(*) Jeremy hasn't pulled you up for contributing nothing useful :-) 

But really - it's not enough to say "I don't agree" without presenting some counter argument. Likewise it's not enough to say you don't agree with Piketty or Marx or whoever on the basis of your one-inch thoughts not coinciding with a precis of their work that you read on a cereal box somewhere.

(*) Not really
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faberryman

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Re: Impeaching Donald Trump
« Reply #336 on: October 11, 2019, 09:12:48 am »

I don't agree with his point.  :)
I do not know how you can disagree with his point when you said you did not know what his point was.
« Last Edit: October 11, 2019, 03:29:49 pm by faberryman »
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JoeKitchen

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Re: Impeaching Donald Trump
« Reply #337 on: October 11, 2019, 09:36:28 am »

I'm staying out of the political discussions but I'll just add my experience.  When I retired from my day job in pharma, I set up a consulting practice.  You can get a business ID from IRS for free and I only had to file papers with the State of Maryland for my Limited Liability Corporation (LLC).  IIRC that cost $200 or so.  I had to file a yearly corporate tax statement with the State that outlined equipment and supply purchases and depreciation and disposal of equipment.  that took all of ten minutes to do.  I did not have to file separate tax returns for the LLC, it all went into the personal tax filing for both the US and Maryland.  Everything was pretty easy and expenses on a yearly basis, minimal.

It should be pointed out that although the LLC status is a federal status, it is up to the states on how one can and how it will cost to register as one.  In PA, like in Maryland, it is very easy.  I think I paid a one time $125 filing fee.  Also, since I run my LLC like a sole proprietor, it is operated like a pass through business with no need for payroll (for myself) or the need to pay corporate taxes. 

Other states make it harder and more expensive. 

Last, unless you are operating your LLC like a corporation and/or maintain separate bank accounts where you only us the business bank account, and any credit cards, for business purchases only, your business's separation from your person would be easy to argue against in court of you were sued.   So, if you opened an LLC to keep your business assets separate from your personal assets, for liability reasons, make sure you do not use your business account to cover personal expenses. 
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Alan Goldhammer

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Re: Impeaching Donald Trump
« Reply #338 on: October 11, 2019, 02:38:38 pm »


Last, unless you are operating your LLC like a corporation and/or maintain separate bank accounts where you only us the business bank account, and any credit cards, for business purchases only, your business's separation from your person would be easy to argue against in court of you were sued.   So, if you opened an LLC to keep your business assets separate from your personal assets, for liability reasons, make sure you do not use your business account to cover personal expenses.
quite right.  That's exactly what I did and it worked fine for about five years when most of my clients went their own way.  At that point, I was happy to just go into retirement and let the LLC fade into obscurity.  I still get occasional press calls because of the pharma experience but that doesn't pay very much!!! ;D
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Alan Klein

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Re: Impeaching Donald Trump
« Reply #339 on: October 11, 2019, 03:35:30 pm »

For a man who became an expert on the work of Thomas Piketty overnight I don't think a couple of magazine articles will tax you greatly?  But, in short, they are about the contribution of government money (you know - taxes) to entrepreneurs.
Well, I wouldn't want the administrator to make you or me sit in the corner for not making a point. We might actually have to sit together and discuss things in a friendly way. :) 

So my point is that these articles are just more excuses why we should redistribute wealth.  After all, the writers say, if government made these companies, then their wealth belongs to the people who funded the government.  Just more Marxist and Socialist nonsense.  Regardless of what the government did or didn't do, it's private investment capital that's taking the risk.  The investors using their personal savings are the ones who stand to lose if the company doesn't work out.  Remember, there are competitors that they have to go against as well. There are no guarantees they're going to make money.   Why would I invest in a new company if the government is just going to take it's profits?  It's bad enough they hit me with capital gains taxes.  But these writers really want to take it all. Also, it's not like a company has a blank slate.  Look at the companies that went bust after Obama gave $800 million to them.  By the way, it was Obama who made the point that it was the government that made companies and rich people.  Of course, he's a Marxist so would say something like that.  Even companies like Lockheed who make probably all their money from government being in the defense industry are taking risks.  Many defense companies have gone out of business and the investors were hurt.  The capital gains taxes (around 15% now) that the government takes is more than enough "compensation" for any assistance that someone thinks the government gave them.
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