Name:	MartiniMan -	Reply
Subject:	Fakebook is killing people and inflation is good
Date:	7/20/2021 11:21:08 AM

So says Dementia Joe.  On the former, who exactly at Fakebook is qualified to determine what constitutes misinformation about the vaccine?  Or will they simply take the dictats from the govt?  Either way they are in a pickle.   If they ignore this stupidity from a senile old man they risk the wrath of Democrats.  If they follow through and make editorial decisions like a publisher they potentially lose their Section 230 protections.  Dementia Joe is so dumb to have put this out there like that.  If they had half a brain that worked a quarter of the time they would understand that Fakebook is on their side....but now they've thrown down the gauntlet and Zuck will have to get off is motorized surf board and figure out how to respond.

On the second issue......well......what can I say to something so obscenely false and ignorant?  When in human history has income risen at the same rate of inflation during an inflationary period?  The economy is not that efficient and inflation always hurts consumers.  But even more absurd.....yes, I know it's hard to imagine.....is that the mental midget's answer to inflation is more porkulus...ya know, the thing that caused inflation in the first place.  Only someone as stupid as a liberal/progressive/socialist/marxist can ask for more of what caused a problem in the first place....they do it all the time.  More crime?  Defund the police more.  More unemployment?  Incentivize more people to stay at home on their butts at the expense of working Americans.  More foreign threats?  Cut military spending. I could go on and on.

Name:	lucky67 -	Reply
Subject:	Fakebook is killing people and inflation is good
Date:	7/20/2021 3:32:19 PM

and a self proclaimed Socialist with no kids wants to lecture schools and parents on what their kids should be taught-when does the nonsense end

Name:	Talullahhound -	Reply
Subject:	Fakebook is killing people and inflation is good
Date:	7/20/2021 7:53:47 PM

I was just thinking that Biden must be mighty good at walking backwards at this point, because he says something and then walks it back.  He walked back his Facebook comment and then said that he was "challenging social media".  The truth is that anyone who is making life decisions based on what they read on FB must be Biden supporters.  

With regard to his comments on inflation, I consider him to be in the "wishing it weren't so" mode.  That's when you act as if everything is going smoothly because you wish it were so.  He really is pathetic.  Democrats clearly have no idea about economics, except to think that if you throw money at the problem, maybe it will go away.  He won't be able to pretend forever. 

I was just reading about how he plans to triple tax capital gains- because that is how the rich make money... completely ignoring that it is the middle class that is expecting that same money to fund their retirements.  While middle class investors don't necessarily own individual stocks, they are great investors of EFTs and Money Market funds. Under is plan, it will be possible to lose your gains in the taxing.  We can only hope this ever makes it onto the big table.  

Name:	GoneFishin -	Reply
Subject:	Hound???????
Date:	7/20/2021 9:53:44 PM (updated 7/20/2021 9:55:26 PM)

“I was just reading about how he plans to triple tax capital gains- because that is how the rich make money... completely ignoring that it is the middle class that is expecting that same money to fund their retirements.” 

Hound, you can rest tonight. He proposes to increase the capital gains tax on the top 1%.

Where do you get this Fake News that you posted? I would love to read where you read that we will all get increased capital gains tax.

Name:	wix -	Reply
Subject:	GOOF-DUMMY…..
Date:	7/20/2021 10:34:07 PM

Maybe she is the top 1%!!!!

Name:	phil -	Reply
Subject:	Hound???????
Date:	7/21/2021 8:41:41 AM (updated 7/21/2021 8:41:59 AM)

Is this the same dementia patient that said that we would all pay less for our health care a few years ago while he was vpotus?  Yes we can surely take that 1% promise right to the bank - well a government account because we have heard that crap from him before - he lies.

Name:	MartiniMan -	Reply
Subject:	Goofy???????
Date:	7/21/2021 8:54:05 AM (updated 7/21/2021 9:43:45 AM)

As I understand it he is proposing a 43.3% capital gains tax rate for those who are in the highest tax bracket.  Any income over around $500K (single) or $600K (joint) triggers the highest tax rate.  The income level that puts someone in the top 1% is over $700,000 per year.  So no, this is not going to just impact the top 1%....not even close. 

But more to the point, an increase in capital gains actually lowers the revenue to the Treasury as explained by the UPenn Wharton business model.  When capital gains are high investors hold onto their investments longer...it's called the "lock-in effect".  UPenn has estimated that the higher rate will reduce revenue to the Treasury by $33B over 10 years.....others have it at over $100B.  Regardless, if Dementia Joe wanted to increase revenue to the Treasury he should leave capital gains taxes where they are or lower them.  Here's a good explanation in The Hill for your economic education.

https://thehill.com/opinion/finance/561274-bidens-capital-gains-tax-increase-is-more-unproductive-misdirection

Economic illiteracy and repeating the lies of the administration are no virtue.  Read the article and learn something.

Name:	GoneFishin -	Reply
Subject:	Wrong???????
Date:	7/21/2021 11:07:25 AM (updated 7/21/2021 11:23:17 AM)

I was simply responding to HOUND.....

Your post is wrong as it refers to the increase in the marginal rate for ordinary income. Here is the increase for both ordinary and capital gains.....Note the difference is that the capital gains increase applies to the top 1% as you defined with incomes over $700,000.

Raise the top marginal income tax rate from 37 percent to 39.6 percent, which would apply to income over $452,700 for single and head of household filers and $509,300 for joint filers. 

Tax long-term capital gains and qualified dividends as ordinary income for taxpayers with taxable income above $1 million, resulting in a top marginal rate of 43.4 percent when including the new top marginal rate of 39.6 percent and the 3.8 percent Net Investment Income.

Economic illiteracy and  repeating the lies of Alex Jones, Hannity, and Tucker is no virtue.  Read the article below and learn something.

        JUST FOR MARTINI

Name:	MartiniMan -	Reply
Subject:	Yep....I missed the $1M number
Date:	7/21/2021 11:48:57 AM

As I understood it the new capital gains tax rate of 39.6% would trigger for anyone in the highest tax bracket.  So the highest capital gains tax rate proposed will only apply to those making more than $1M which is indeed in the top 1%. So a blind squirrel does indeed find an acorn now and then.  Not sure where the comment came about Jones, etc. came from.  Where did I state that I did?  Your fixation on these people is very worrisome. Have they replaced Trump as the cause of your soggy corn flakes?

I would point out that my comment about economic illiteracy related to the reality that higher capital gains tax rates reduces the revenue to the Treasury.  All that will happen is those impacted by this change (should it occur) will simply hold onto their investments until a lower rate is reinstituted.  The top 1% always know how to avoid paying taxes.....usually while trying to immunize themselves from the mobs by publicly stating they really wished they had to pay more taxes.....while doing everything in their power to avoid doing so.