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Invisibleusg543
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Class Envy (posted by my BLACK professor who is anti-Obama)
    #135208 - 10/21/08 07:07 PM (11 years, 1 day ago)

http://haroldblack.blogspot.com/

Quote:

Pardon my personal distress but for the first time in my memory, we have a major political figure campaigning on class envy. Barack Obama is declaring war on those making $250,000. These are individuals and small businesses. He is banking on the fact that their numbers are smaller than the electorate at large and that because of the sour economy, there are those who wish to punish the more successful. My father once told me not to envy those who were better off but work had to become someone that others envied. Where has that gone? Instead, Obama wants to

1. Raise the income tax rate for those earning $250,000 and above. Joe Biden calls this “patriotic” while Obama says we need to “spread the wealth”.   

  2. Raise the corporate tax rate.

  3. Raise the capital gains tax.

  4. Increase the social security payroll tax.

5. Give a transfer to most and call it a tax “cut” even though rates are not changed.

This is idiotic – not patriotic. If he gets these things done, he will be a one term president leaving the country even more deeply divided. Obama wants to kill the golden goose that is the US economy. He needs to read  R. A, Radford’s “The Economic Organisation of a POW Camp”, Economica, November 1945. (http://facstaff.uww.edu/kashianr/POWCampRadford.pdf). This paper greatly influenced me to major in economics when I read it as a sophomore many years ago. The POW camp is Obama's perfect socialist world. All prisoners have the same income (a care package delivered monthly from the Red Cross). Yet there are different levels of wealth due to differences in tastes and preferences. Some prisoners are poor, others are middle class and still others a rich. Some are entrepreneurs while some gamble away their income. In the end, the income/wealth distribution looks amazingly familiar to us.

If Radford is too difficult a read, then how about “How taxes work” whose authorship is the subject of some controversy. If the author reads this and contacts me, I’ll give proper credit where credit is due.

Subject: How taxes work

Sometimes politicians can exclaim; "It's just a tax cut for the rich!" and it is just accepted to be fact. But what does that really mean? Just in case you are not completely clear on this issue, we hope the following will help.

Tax Cuts - A Simple Lesson In Economics

This is how the cookie crumbles. Please read it carefully. Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100.  If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.

The fifth would  pay $1.

The sixth would pay $3.

The seventh $7.

The eighth $12.

The  ninth $18.

The tenth man (the richest) would pay $59. So, that's what they decided to do.

The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily meal by $20." So, now dinner for the ten only cost $80. The group still wanted to pay their bill the way we pay our taxes. So, the first four men were unaffected. They would still eat for free. But what about the other six, the paying customers? How could they divvy up the $20 windfall so that everyone would get his 'fair share'?

The six men realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being 'PAID' to eat their meal.

So, the restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so: The fifth man, like the first four, now paid nothing (100% savings).

The sixth now paid $2 instead of $3 (33% savings).

The seventh now paid $5 instead of $7 (28% savings).

The eighth now paid $9 instead of $12 (25% savings).

The ninth now paid $14 instead of $18 (22% savings).

The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to eat for free. But once outside the restaurant, the men began to compare their savings.

"I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth man "but he got $10!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than me!" "That's true!!" shouted the seventh man. "Why should he get $10 back when I got only $2? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money among them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore and go somewhere else to eat. There are lots of good restaurants in Switzerland and in the Bahamas.

See what the sainted William F. Buckley had to say on this parable

http://www.nationalreview.com/buckley/buckleyprint042701.html




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Invisiblewowitch420
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135210 - 10/21/08 07:12 PM (11 years, 1 day ago)

no one wants to read that


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Invisibleltd
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135211 - 10/21/08 07:12 PM (11 years, 1 day ago)

:thumbup:


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Offlineblunt master
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: ltd]
    #135230 - 10/21/08 07:57 PM (11 years, 1 day ago)

the whole going out for dinner metaphor was pretty cool


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InvisibleDr. Penguin
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: blunt master]
    #135235 - 10/21/08 08:10 PM (11 years, 1 day ago)

Yea, that is an amazing metaphor. McCain scares the shit out of me, conservatives in general scare me, but at this current juncture, with out economy in the toilet, he is the only one with a sensible fiscal policy. That and the fact that Obama claims 'he didn't know' his preacher of seven years, was speaking hatefully of other races. Raceism in any form is despicable, but his denial of it is a heinous lie at best.


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OfflineDuke Leto
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135250 - 10/21/08 09:02 PM (11 years, 1 day ago)

Your professor is a moron. He's basing his theory on class warfare on *gasp* proportional taxes. Just because the rich are use to not having taxes take a dent out of their paychecks doesn't mean Obama is running on class warfare. God forbid the rich chip in their share though.


--------------------
The spice must flow

. *GASTRONOMICUS* .


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Invisibleneepling
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135251 - 10/21/08 09:06 PM (11 years, 1 day ago)

FUCK

POLITICS


--------------------
oh noe! I'm heaps beached bro..


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Duke Leto]
    #135252 - 10/21/08 09:09 PM (11 years, 1 day ago)

Quote:

Duke Leto said:
Your professor is a moron. He's basing his theory on class warfare on *gasp* proportional taxes. Just because the rich are use to not having taxes take a dent out of their paychecks doesn't mean Obama is running on class warfare. God forbid the rich chip in their share though.




and your Ph.D. is in?? your qualifications? :rolleyes:

Quote:

Harold A. Black is the James F. Smith, Jr. Professor of Finance, University of Tennessee, Knoxville. He has served on the faculties of American University, Howard University, the University of North Carolina - Chapel Hill and the University of Florida. His government service includes the Office of the Comptroller of the Currency and as a Board Member of the National Credit Union Administration. He also has served on the boards of directors Home Savings of America and its parent company, H. F. Ahmanson & Co., Irwindale, California prior to its merger with Washington Mutual Savings Bank and on the board of New Century Financial Corporation, Irvine, California, then the nation’s largest real estate investment trust. He writes an occasional article for the Knoxville News-Sentinel which can be found at http://www.knoxnews.com/staff/dr-harold-black/.




The man is a genius. He teaches for fun and not for money. I've had him as a professor and he's probably the best teacher in my whole shitty state.


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OfflineDuke Leto
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135283 - 10/21/08 10:23 PM (11 years, 1 day ago)

Yes, and I happen to think his opinion is shit.


Plus I bet he makes over 250k a year


--------------------
The spice must flow

. *GASTRONOMICUS* .


Edited by Duke Leto (10/21/08 10:24 PM)


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Duke Leto]
    #135293 - 10/21/08 10:49 PM (11 years, 1 day ago)

you called him a moron, i want to hear how much smarter you are than him.


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Invisiblewowitch420
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135295 - 10/21/08 10:55 PM (11 years, 1 day ago)

quite the argument


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Offlinefear.loathingSF
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Duke Leto]
    #135297 - 10/21/08 10:55 PM (11 years, 1 day ago)

Quote:

Duke Leto said:
Your professor is a moron. He's basing his theory on class warfare on *gasp* proportional taxes. Just because the rich are use to not having taxes take a dent out of their paychecks doesn't mean Obama is running on class warfare. God forbid the rich chip in their share though.




The rich are not used to paying taxes?  You sir, make me laugh :rolleyes:


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OfflineDuke Leto
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135304 - 10/21/08 11:02 PM (11 years, 1 day ago)

Quote:

usg543 said:
you called him a moron, i want to hear how much smarter you are than him.




Lots? :bongload:


--------------------
The spice must flow

. *GASTRONOMICUS* .


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: fear.loathingSF]
    #135308 - 10/21/08 11:06 PM (11 years, 1 day ago)

Quote:

fear.loathingSF said:
Quote:

Duke Leto said:
Your professor is a moron. He's basing his theory on class warfare on *gasp* proportional taxes. Just because the rich are use to not having taxes take a dent out of their paychecks doesn't mean Obama is running on class warfare. God forbid the rich chip in their share though.




The rich are not used to paying taxes?  You sir, make me laugh :rolleyes:




guess he never made it to college, or did not have to take an accounting class...

i'll give him a quick summary of how it works: http://www.moneychimp.com/features/tax_brackets.htm


Quote:

Duke Leto said:
God forbid the rich chip in their share though.




actually they chip in way more both in total dollars and percentage wise. i would not consider this a fair share at all.

alternative: flat tax for everyone


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Invisiblewowitch420
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135311 - 10/21/08 11:09 PM (11 years, 1 day ago)

shut up richy rich.


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        heady nugz


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: wowitch420]
    #135313 - 10/21/08 11:11 PM (11 years, 1 day ago)

:rolleyes: i don't even make enough money to pay taxes. will be in debt soon if i don't get out of college. scholarships are running out!!


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InvisibleCalibrate
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135315 - 10/21/08 11:13 PM (11 years, 1 day ago)

how far'd you make it usg?


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Calibrate is nothing but a mere puppet. A fictional character someone uses for entertainment purposes. Anything said by Calibrate should not be taken seriously. 100% of what Calibrate says is false.


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135321 - 10/21/08 11:20 PM (11 years, 1 day ago)

i'm on my 5th year (keep changing majors :crazy:), one scholarship ran out on my 4th year, but luckily they let me keep the other one. i have been working since i was 16 and saving up money and should have enough to last me. i work and go to school. i pay my own rent/utilities/everything. money is getting tight lately though, because i've been working a lot less lately.


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InvisibleCalibrate
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135327 - 10/21/08 11:26 PM (11 years, 1 day ago)

what degrees do you have thus far?


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Calibrate is nothing but a mere puppet. A fictional character someone uses for entertainment purposes. Anything said by Calibrate should not be taken seriously. 100% of what Calibrate says is false.


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135333 - 10/21/08 11:28 PM (11 years, 1 day ago)

should have one in may, finance

originally i was prepharmacy


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InvisibleCalibrate
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135346 - 10/21/08 11:38 PM (11 years, 1 day ago)

pharmaceutical would be bomb....bein able to supply tha homies with scripts.

...i wanna be a psychologist...with a minor in chemistry ... :shrug:

how many years you think it would take to learn enough in chemistry to be able to synthesize some cool shit?


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135355 - 10/21/08 11:44 PM (11 years, 1 day ago)

get a Ph.D. in it if you really want to be a chemist


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InvisibleCalibrate
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135359 - 10/21/08 11:48 PM (11 years, 1 day ago)

thats too much money for me...and too much schooling.

i think i read somewhere that 2 years of chemistry youd have enough knowledge to synth mdma.
so im guessing youd need at least four for lsd.


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Calibrate is nothing but a mere puppet. A fictional character someone uses for entertainment purposes. Anything said by Calibrate should not be taken seriously. 100% of what Calibrate says is false.


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135363 - 10/21/08 11:51 PM (11 years, 1 day ago)

there is more to it than just knowing the synthesis

try to get those precursors my friend


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InvisibleDr. Penguin
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135367 - 10/21/08 11:59 PM (11 years, 1 day ago)

Yea, its all about the precursors. I've taken two years of college level chem (basic and organic) and have all the knowledge to synth anything from MDMA to LSD but I will never see ergotamine (LSD precursor) so it's a moot point.


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InvisibleCalibrate
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Dr. Penguin]
    #135370 - 10/22/08 12:04 AM (11 years, 1 day ago)

that blows....i heard that you can get ergot from rye....


what would prevent you from making mdma?


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Calibrate is nothing but a mere puppet. A fictional character someone uses for entertainment purposes. Anything said by Calibrate should not be taken seriously. 100% of what Calibrate says is false.


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InvisibleDr. Penguin
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135375 - 10/22/08 12:13 AM (11 years, 1 day ago)

Ergot comes from rye, yes, but to grow enough of it to get the required amount of ergotamine (without the proper cultivar) is silly. Nothing stops me from a MDMA syth... or any synth for that matter, you can make most of the precursors if need be, except time and energy. I very rarely do anything that isn't weed, or shrooms so no need to make them. I am working on a micro scale meth project though. I have always wanted to try it but am way to sketched out by street dealers. Nice clean meth is considered one of the best drugs in the world by some...


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* Fan Speed Control 101
* Easy Butane Extraction

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InvisibleCalibrate
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Dr. Penguin]
    #135387 - 10/22/08 12:43 AM (11 years, 1 day ago)

dr. penguin. youre pretty smart. :smile:

but uh...making mdma wouldnt be hard for you..like...there isnt anything hard to get thats needed to make it?


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OfflineCoaster
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135388 - 10/22/08 12:56 AM (11 years, 1 day ago)

the tax analogy is flawed
why would you reduce their taxes evenly by dollar amount
your supposed to do it by proportions, every1 knows that


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InvisibleDr. Penguin
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135389 - 10/22/08 12:57 AM (11 years, 1 day ago)

Well it depends... You could do it the standard easy way with a precursor called MDA which is a controlled substance. Or if need be You could use safrole which is a schedule 1 precursor (watched and hard to get) or you could use sassafras oil (not watched but getting large quantities would be hard). You could even use sassafras bark (waste of time). Its not about just having the knowledge, its about having the desire to go through all the necessary steps.


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InvisibleCalibrate
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Dr. Penguin]
    #135391 - 10/22/08 01:01 AM (11 years, 1 day ago)

....sassafras oil, you say?

do you think it would be worth it....$$$ wise?


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Calibrate is nothing but a mere puppet. A fictional character someone uses for entertainment purposes. Anything said by Calibrate should not be taken seriously. 100% of what Calibrate says is false.


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InvisibleDr. Penguin
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135393 - 10/22/08 01:03 AM (11 years, 1 day ago)

I have no idea. I have never wished to waste that much time in prison...


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InvisibleCalibrate
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Dr. Penguin]
    #135394 - 10/22/08 01:04 AM (11 years, 1 day ago)

yeah...thats a fact. prison doesnt really sound bomb.....


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Coaster]
    #135415 - 10/22/08 01:38 AM (11 years, 1 day ago)

the tax analogy is not flawed. you're response is pretty hilarious though.

Quote:

Coaster said:
why would you reduce their taxes evenly by dollar amount
your supposed to do it by proportions, every1 knows that




exactly (obama must not know that), and you are supporting obama and validating this exact point he was showing, why?

i think you should stick to numbers because you can't even figure out the underlying point of a simply analogy :lol:

maybe if you give it another read or two you'll understand


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InvisibleCalibrate
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135416 - 10/22/08 01:42 AM (11 years, 1 day ago)

im not voting because i dont support either candidate.
...im a liberal. :shrug:


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135419 - 10/22/08 01:45 AM (11 years, 1 day ago)

if i vote i'm voting for a libertarian candidate, not sure yet. i'm tired of the two party system and i hope if other people think like me they'll realize they don't just have to pick between just two people... either way mccain is gonna win my state.


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InvisibleCalibrate
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135420 - 10/22/08 01:46 AM (11 years, 1 day ago)

maybe im just a non-knowledgeable-political-mind but uh. i thought it was just down to mccain and obama now?


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Invisibleusg543
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135424 - 10/22/08 01:55 AM (11 years, 1 day ago)

technically, yes one of those will win, but:

mccain is the republican nominee, obama is the democratic nominee. these are the strongest parties with the most supporters in the US. there are other parties... Libertarian Party :wink:, Green Party, Constitution Party, many more... they all elect one person to represent them on the ballots. Also, Third Party and Independents can run like Ralph Nader. In some states you can even write in Ron Paul, others you can't.

So technically you have the choice between many different people, beliefs, ideas, etc. Not just two.


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Invisibleusg543
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Registered: 04/21/08
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135425 - 10/22/08 01:56 AM (11 years, 1 day ago)

Quote:

Calibrate said:
maybe im just a non-knowledgeable-political-mind




i'd say at least 90% of Americans are the same way. have no idea who or what they are voting for.


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InvisibleCalibrate
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Registered: 08/30/08
Posts: 381
Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135430 - 10/22/08 02:10 AM (11 years, 1 day ago)

its just because the emphasis the news and such put on mccain and obama, it leads you to believe those are the only two candidates left to vote for.

its like theyre brainwashing us. :eek:


--------------------
Calibrate is nothing but a mere puppet. A fictional character someone uses for entertainment purposes. Anything said by Calibrate should not be taken seriously. 100% of what Calibrate says is false.


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Invisiblewowitch420
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Registered: 04/22/08
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Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: usg543]
    #135433 - 10/22/08 02:16 AM (11 years, 1 day ago)

Quote:

usg543 said:
Quote:

Calibrate said:
maybe im just a non-knowledgeable-political-mind




i'd say at least 90% of Americans are the same way. have no idea who or what they are voting for.




and its that other 10% who are the all-knowing assholes


--------------------

        heady nugz


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Invisibleusg543
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Registered: 04/21/08
Posts: 7,259
Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: Calibrate]
    #135435 - 10/22/08 02:18 AM (11 years, 1 day ago)

Quote:

Calibrate said:
its just because the emphasis the news and such put on mccain and obama, it leads you to believe those are the only two candidates left to vote for.

its like theyre brainwashing us. :eek:




the media in general is more liberal than anything


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Invisibleusg543
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Registered: 04/21/08
Posts: 7,259
Re: Class Envy (posted by my BLACK professor who is anti-Obama) [Re: wowitch420]
    #135436 - 10/22/08 02:20 AM (11 years, 1 day ago)

Quote:

wowitch420 said:
Quote:

usg543 said:
Quote:

Calibrate said:
maybe im just a non-knowledgeable-political-mind




i'd say at least 90% of Americans are the same way. have no idea who or what they are voting for.




and its that other 10% who are the all-knowing assholes




no one is all knowing, but not everyone is completely ignorant.

but be happy, ignorance is bliss.


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