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Ron Paul destroys Romney and Perry in straw poll victory. Follow

#52 Sep 19 2011 at 6:42 PM Rating: Decent
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Uglysasquatch, Mercenary Major wrote:
ShadowedgeFFXI wrote:
I think the other main reason I like Ron Paul is because he's the only politician that isn't a liar or flip flopper. Agree or disagree, he won't flip flop his views to compromise his integrity like Obama and all the rest.
Unfortunate that one of his greatest attributes, to you, could be one of his biggest downfalls in ever accomplishing anything politically.


Yeah... last I checked, we elect politicians not popes. That means they're likely going to be wrong once in awhile... and I would much rather someone "flip flop" when they are wrong than stubbornly hold to their "principles" and take us all along to hell with them.

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#53 Sep 19 2011 at 7:02 PM Rating: Decent
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gbaji wrote:
You haven't been clear on anything Ugly. Repeating the same assertion that the two are different doesn't really make them so. I've been very clear though. Both cases involve the same "my way or the highway" approach, and both essentially threaten legislative deadlock. If that's bad in a hypothetical situation where Ron Paul might do this, how can it not be equally bad when Obama is doing it right now?
You've been very clear that you don't see a difference. That doesn't mean there isn't.
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#54 Sep 19 2011 at 7:11 PM Rating: Default
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I thought it would be a nice change to see this other side of Ron Paul. The guy arguing with Paul reminds me of lolgaxe and is pwned nicely. I suspect this side might appeal to more people in the Asylum.






Quote:

Yeah... last I checked, we elect politicians not popes. That means they're likely going to be wrong once in awhile... and I would much rather someone "flip flop" when they are wrong than stubbornly hold to their "principles" and take us all along to hell with them.


I'd rather have someone isn't bought off by the lobbyists than someone who spews nonsense like Perry or Romney. The difference between Paul and the rest of these morons is Paul is educated. I don't need to remind you what happens when an educated buffoon like Bush wins office and goes to war with Iraq on faulty intelligence or do I?

Edited, Sep 19th 2011 8:17pm by ShadowedgeFFXI
#55 Sep 19 2011 at 7:19 PM Rating: Decent
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Uglysasquatch, Mercenary Major wrote:
gbaji wrote:
You haven't been clear on anything Ugly. Repeating the same assertion that the two are different doesn't really make them so. I've been very clear though. Both cases involve the same "my way or the highway" approach, and both essentially threaten legislative deadlock. If that's bad in a hypothetical situation where Ron Paul might do this, how can it not be equally bad when Obama is doing it right now?
You've been very clear that you don't see a difference. That doesn't mean there isn't.


So it's kind of a murky clarity? Got it! Smiley: oyvey
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#56 Sep 19 2011 at 7:21 PM Rating: Good
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Interesting study in misinformation and unrealistic expectations shows that 1. 2 out of every 10 Americans think they'll be a millionaire someday and 2. Americans don't realize how stark the income gap is any more.

Edited, Sep 19th 2011 9:22pm by catwho
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#57 Sep 19 2011 at 7:23 PM Rating: Good
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#58 Sep 19 2011 at 7:28 PM Rating: Excellent
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catwho wrote:
2 out of every 10 Americans think they'll be a millionaire someday.
I guess a grade school understanding of math isn't necessary to be considered a journalist for the Associated Press.

Edited, Sep 19th 2011 9:28pm by lolgaxe
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#59 Sep 19 2011 at 7:57 PM Rating: Good
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lolgaxe wrote:
catwho wrote:
2 out of every 10 Americans think they'll be a millionaire someday.
I guess a grade school understanding of math isn't necessary to be considered a journalist for the Associated Press.

Edited, Sep 19th 2011 9:28pm by lolgaxe


Yeah my husband commented on that as well.

You're not gonna be a millionaire with that level of smarts....
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I can't understand anyone who skips the cutscenes of a Final Fantasy game. That's like going to Texas and not getting barbecue.

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#60 Sep 19 2011 at 8:05 PM Rating: Decent
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catwho wrote:
lolgaxe wrote:
catwho wrote:
2 out of every 10 Americans think they'll be a millionaire someday.
I guess a grade school understanding of math isn't necessary to be considered a journalist for the Associated Press.


Yeah my husband commented on that as well.

You're not gonna be a millionaire with that level of smarts....


I must not have a grade school understanding of math, because I am not seeing the point lolgaxe and your husband are trying to make with that statement.
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#61 Sep 19 2011 at 8:17 PM Rating: Good
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2 out of 10 is better expressed as one out of five.

When quoting fractions in writing, you are supposed to reduce to the lowest denominator.
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I can't understand anyone who skips the cutscenes of a Final Fantasy game. That's like going to Texas and not getting barbecue.

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#62 Sep 19 2011 at 8:18 PM Rating: Good
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TirithRR wrote:
catwho wrote:
lolgaxe wrote:
catwho wrote:
2 out of every 10 Americans think they'll be a millionaire someday.
I guess a grade school understanding of math isn't necessary to be considered a journalist for the Associated Press.


Yeah my husband commented on that as well.

You're not gonna be a millionaire with that level of smarts....


I must not have a grade school understanding of math, because I am not seeing the point lolgaxe and your husband are trying to make with that statement.


I think lolgaxe was remarking on the fact that they wrote it as 2/10, instead of 1/5.

catwho, on the other hand, seems to be saying that it's dumb for them to think they'll be millionaires. Personally, I don't. It's like how, when anyone asks a team, no matter how bad, if they think they can win the championship, they'll always say yes.

You'll never achieve anything if you don't believe in yourself. I don't see anything wrong with it.
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#63 Sep 19 2011 at 8:26 PM Rating: Default
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catwho wrote:

Right now, someone making under $10,000 doesn't pay anything in income taxes, because at 10K a year you're already surviving on under a thousand bucks a month. Under Ron Paul's plan, with 23% income tax, someone making 10K a year would be paying $1000-2000 in taxes.


#1, Ron Paul isn't going to raise the income tax to 23%. I'll realize there will be some changes, but the dollar will increase in value too. #2, Anyone who makes 10k like in your example is living on welfare/social security/unemployment/entitlements of some kind and I don't think those people would be affected anyway.

Catwho, you're guilty of fear mongering here. Where did you even find these numbers?
#64 Sep 19 2011 at 9:18 PM Rating: Good
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Edited, Sep 19th 2011 10:19pm by Paskil
#65 Sep 19 2011 at 9:23 PM Rating: Good
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ShadowedgeFFXI wrote:
catwho wrote:

Right now, someone making under $10,000 doesn't pay anything in income taxes, because at 10K a year you're already surviving on under a thousand bucks a month. Under Ron Paul's plan, with 23% income tax, someone making 10K a year would be paying $1000-2000 in taxes.


#1, Ron Paul isn't going to raise the income tax to 23%. I'll realize there will be some changes, but the dollar will increase in value too. #2, Anyone who makes 10k like in your example is living on welfare/social security/unemployment/entitlements of some kind and I don't think those people would be affected anyway.

Catwho, you're guilty of fear mongering here. Where did you even find these numbers?


No, he doesn't want to raise income tax to 23%. He wants to completely eliminate income tax and move to excises (read: sales) tax instead. This is common knowledge and is on his own campaign page. The 23% number was an example calculated for Chicago, in order to compare to the amount of revenue currently gathered via state and local income tax.

Minimum wage, 40 hours a week, is $14000-ish. Unfortunately, most minimum wage jobs aren't full time jobs. There are a large number of people who are working, but are under-employed, who aren't able to break the federal poverty line because they just can't get a full time job even just paying minimum wage. (Federal poverty line is $10,890 for an individual.)

Moving to any form of excise tax will effectively raise their tax rate.
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Thayos wrote:
I can't understand anyone who skips the cutscenes of a Final Fantasy game. That's like going to Texas and not getting barbecue.

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#66 Sep 19 2011 at 10:19 PM Rating: Good
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#67 Sep 19 2011 at 10:33 PM Rating: Excellent
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Eske Esquire wrote:

catwho, on the other hand, seems to be saying that it's dumb for them to think they'll be millionaires. Personally, I don't. It's like how, when anyone asks a team, no matter how bad, if they think they can win the championship, they'll always say yes.

You'll never achieve anything if you don't believe in yourself. I don't see anything wrong with it.
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#68 Sep 19 2011 at 11:55 PM Rating: Default
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catwho wrote:
No, he doesn't want to raise income tax to 23%. He wants to completely eliminate income tax and move to excises (read: sales) tax instead. This is common knowledge and is on his own campaign page. The 23% number was an example calculated for Chicago, in order to compare to the amount of revenue currently gathered via state and local income tax.

Minimum wage, 40 hours a week, is $14000-ish. Unfortunately, most minimum wage jobs aren't full time jobs. There are a large number of people who are working, but are under-employed, who aren't able to break the federal poverty line because they just can't get a full time job even just paying minimum wage. (Federal poverty line is $10,890 for an individual.)

Moving to any form of excise tax will effectively raise their tax rate.


I think what disturbs me most is since 1913(the beginning of the Fed) our dollar has lost 95% of its value. If sound money returns, people will have more of it in a matter of speaking. Because right now we're all getting scammed. After the debt ceiling fiasco, our debts continue to grow and the fed prints more money. Any stimulus we get lowers the value of the dollar because they print money out of thin air to do so. All these entitlement programs either social or business welfare screw over the value of the money. Most people don't even realize this. If you make 10k a year and inflation hits, you'll probably only have 8k or less.

I think Ron Paul said he wanted the states to fund their own projects. Texas better get ready for an income tax.
#69 Sep 20 2011 at 5:18 AM Rating: Good
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Haha, gold standard? That's cute. Too lazy to pull out the math again, but there's not enough gold in the world being produced to keep up with the growth of the American economy.

Unless, you know, you set the value yourself which kind of defeats the supposed purpose.
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#70 Sep 20 2011 at 5:34 AM Rating: Good
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I remember in economics class in high school when we learned that The Wizard of Oz was a metaphor for following the gold standard. Follow the "yellow brick road" to reach the prosperous "Emerald City." The sequels to the wizard of oz, which no one really liked or cares about, were much more blatantly political satire.
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Thayos wrote:
I can't understand anyone who skips the cutscenes of a Final Fantasy game. That's like going to Texas and not getting barbecue.

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#71 Sep 20 2011 at 7:01 AM Rating: Good
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I thought the point of the movie sequel was to be creepy.
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#72 Sep 20 2011 at 7:03 AM Rating: Good
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Sweetums wrote:
Eske Esquire wrote:

catwho, on the other hand, seems to be saying that it's dumb for them to think they'll be millionaires. Personally, I don't. It's like how, when anyone asks a team, no matter how bad, if they think they can win the championship, they'll always say yes.

You'll never achieve anything if you don't believe in yourself. I don't see anything wrong with it.
Dreaming is great, but I'm not basing my retirement plan on winning the lotto


Agreed, but I don't think that 1/5 americans do, either.

That one old guy at the supermarket who buys $50 worth of lotto tickets every 2 hours, though...
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#73 Sep 20 2011 at 7:14 AM Rating: Good
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catwho wrote:
Moving to any form of excise tax will effectively raise their tax rate.
Which can be accounted for and credited back. We offer a GST (federal sales tax) back to anyone making under a certain amount. The value of what you get back varies based on your income. Reach a certain point and you get no refund. Federal sales tax keeps every province (or state) on the same playing field. We used to (may not now as i haven't paid clsoe attention to it) offer a rebate to foreign tourists. They could grab a form, submit it with a copy of their receipts and receive a cheque rebating them for some/all of the GST they paid while visiting Canada. Unprepared food items are exempt, as well as a few other things.

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#74 Sep 20 2011 at 8:09 AM Rating: Excellent
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Eske Esquire wrote:
Sweetums wrote:
Eske Esquire wrote:

catwho, on the other hand, seems to be saying that it's dumb for them to think they'll be millionaires. Personally, I don't. It's like how, when anyone asks a team, no matter how bad, if they think they can win the championship, they'll always say yes.

You'll never achieve anything if you don't believe in yourself. I don't see anything wrong with it.
Dreaming is great, but I'm not basing my retirement plan on winning the lotto


Agreed, but I don't think that 1/5 americans do, either.

That one old guy at the supermarket who buys $50 worth of lotto tickets every 2 hours, though...
It's a pipe dream that influences public policy, though. They're banking on the fact that they're temporarily embarrassed millionaires, so obviously taxing the wealthy is going to affect them someday.
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#75varusword75, Posted: Sep 20 2011 at 10:08 AM, Rating: Sub-Default, (Expand Post) cat,
#76 Sep 20 2011 at 10:36 AM Rating: Excellent
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catwho wrote:
2 out of 10 is better expressed as one out of five.

When quoting fractions in writing, you are supposed to reduce to the lowest denominator.

You and your husband should go back to elementary school then. The number is 2 in 10 because it was used in comparison to the accompanying data from Australia and the U.K., which were nearly 3 in 10 and nearly 1 in 10, respectively. Reduction of fractions should only be done when it can be applied to the entire set, otherwise confustication & bebotherment set it.
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#77 Sep 20 2011 at 10:51 AM Rating: Decent
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That a raise in income taxes on the poor is an anathema is ridiculous. The cited example of $10k a year is no better, as those people enjoy subsidized housing, food, child care, education, etc. The cash they make goes to their TVs, their XBox, their cable, cell phone, air conditioning, and on, and on, and on.

I say f'uck them and their cell phones & video games. I shouldn't have to pay higher taxes so they can live in a shack with boarded up windows hiding the 60" flat screen television playing Halo.
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#78 Sep 20 2011 at 11:09 AM Rating: Default
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Sweetums wrote:
Haha, gold standard? That's cute. Too lazy to pull out the math again, but there's not enough gold in the world being produced to keep up with the growth of the American economy.

Unless, you know, you set the value yourself which kind of defeats the supposed purpose.


Maybe, but printing Monopoly money isn't the answer either. What people don't realize is how much the poor and middle class are affected by hyper inflation. On top of that, if the US federal reserve folds, all your money is worthless. There is a reason why people are investing in gold and silver right now. If you have 100k in silver/gold and I have 100k in paper money, the paper money can lose value, gold/silver won't by comparison.

I'm interested in your suggestion to protect your capital should a rapid inflation hit us again or worse. All I see when the worst happens is people going broke. The stock market crash of the 1920's. The 2008 recession that we still haven't recovered from. I keep hearing from skeptics, but have yet to hear any reasonable response that protects people.
#79 Sep 20 2011 at 11:34 AM Rating: Excellent
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ShadowedgeFFXI wrote:
On top of that, if the US federal reserve folds, all your money is worthless.

If the US Federal Reserve folds, we'll likely all be trading goats & sheep anyway and gold will be something handy to throw at marauding wolves.
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#80 Sep 20 2011 at 11:40 AM Rating: Decent
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Jophiel wrote:
ShadowedgeFFXI wrote:
On top of that, if the US federal reserve folds, all your money is worthless.

If the US Federal Reserve folds, we'll likely all be trading goats & sheep anyway and gold will be something handy to throw at marauding wolves.

The money will be worthless regardless of the status of the Fed if we continue to spend like we are. The only reasonable solution is to scale back federal spending to constitutionally supported levels and leave all things not specifically enumerated to the federal government to the states. This will set up a system of competition between the states where people can choose to live in areas that are governed according to the values they espouse.
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#81 Sep 20 2011 at 11:53 AM Rating: Decent
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MoebiusLord wrote:

The money will be worthless regardless of the status of the Fed if we continue to spend like we are. The only reasonable solution is to scale back federal spending to constitutionally supported levels and leave all things not specifically enumerated to the federal government to the states. This will set up a system of competition between the states where people can choose to live in areas that are governed according to the values they espouse.


I like your idea that caters to people that want to live in a certain state. It's brilliant and allows for compromise on the issues if it ever happened.

As for the money, it's already losing value right this second. It's obvious because of our debt ceiling and the billions we borrow from China for our illegal wars. Federal spending does need to pull back, but the first step is to pull out of all these foreign countries. No more Korea, Iraq, Germany, Poland, Afghanistan, Japan, Kuwait, and anything else I missed. People think this is a radical idea, but the truth is the US can defend itself just fine. Dictators like Iran's president just want to left alone and screw their people over. The US's main problem should we pull out on all fronts would be the illegal problem in our southern states.

As for nukes and other attacks, the US has safeguards in place already. Allies like our European countries aren't about to lose their number 1 trading partner. Haarp can be used as a weapon and can deploy to any place on Earth right now. There is just no reason to waste so much money fighting all these illegal wars when our country is in dire straights.
#82 Sep 20 2011 at 11:59 AM Rating: Good
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ShadowedgeFFXI wrote:
No more Korea, Iraq, Germany, Poland, Afghanistan, Japan, Kuwait, and anything else I missed.
Would be nice, but won't ever happen.
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#83 Sep 20 2011 at 12:53 PM Rating: Good
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ShadowedgeFFXI wrote:
Sweetums wrote:
Haha, gold standard? That's cute. Too lazy to pull out the math again, but there's not enough gold in the world being produced to keep up with the growth of the American economy.

Unless, you know, you set the value yourself which kind of defeats the supposed purpose.


Maybe, but printing Monopoly money isn't the answer either. What people don't realize is how much the poor and middle class are affected by hyper inflation. On top of that, if the US federal reserve folds, all your money is worthless. There is a reason why people are investing in gold and silver right now. If you have 100k in silver/gold and I have 100k in paper money, the paper money can lose value, gold/silver won't by comparison.
Are you retarded? Gold and silver fluctuate like any other commodity. They're popular because they're a fad.

Quote:

I'm interested in your suggestion to protect your capital should a rapid inflation hit us again or worse. All I see when the worst happens is people going broke. The stock market crash of the 1920's. The 2008 recession that we still haven't recovered from. I keep hearing from skeptics, but have yet to hear any reasonable response that protects people.

It's not like you're going to be happy with a response that isn't "invent the replicator and replicate gold so we can have a tenable gold standard then"

Edited, Sep 20th 2011 1:56pm by Sweetums
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#84ShadowedgeFFXI, Posted: Sep 20 2011 at 1:08 PM, Rating: Sub-Default, (Expand Post) You don't have to replicate gold to return value to the dollar. Why are so so damn stupid? Do you like when the value of the currency drops? Or are you just just blind that you think that inflation is natural occurrence and time will fix things on its own?
#85 Sep 20 2011 at 1:41 PM Rating: Excellent
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A currency that slowly loses value over time sounds like a great way to encourage people to do something with it; rather than just sticking it in a mattress or something.
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#86 Sep 20 2011 at 1:48 PM Rating: Excellent
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The "European Alliance" sounds much more imposing than the "European Union".
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#87 Sep 20 2011 at 2:08 PM Rating: Excellent
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Jophiel wrote:
The "European Alliance" sounds much more imposing than the "European Union".

For the European Horde! Smiley: mad
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#88 Sep 20 2011 at 2:19 PM Rating: Decent
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MoebiusLord wrote:
catwho wrote:
2 out of 10 is better expressed as one out of five.

When quoting fractions in writing, you are supposed to reduce to the lowest denominator.

You and your husband should go back to elementary school then. The number is 2 in 10 because it was used in comparison to the accompanying data from Australia and the U.K., which were nearly 3 in 10 and nearly 1 in 10, respectively. Reduction of fractions should only be done when it can be applied to the entire set, otherwise confustication & bebotherment set it.


In addition to this, it's kind of amazing that every seems to have missed the more salient point here. The assumption is that 2/10ths of Americans thinking they'll be millionaires someday is some crazy thing well out of the bounds of statistical probability. However, the very same article also states that millionairs in the US represent 1 out of 20 households. Um... So at worst they're actually only off by a factor of four (there's some simple grade school math for ya!).

In reality it's actually closer than that (statistically anyway). 1 in 20 households is the number at any given time. But most people who become millionaires will do so later in life, so we can say that the ratio of people who'll actually at some point in their life be millionaires (or live in a household with a million dollars of wealth) will actually be higher than that.
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#89 Sep 20 2011 at 2:25 PM Rating: Good
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ShadowedgeFFXI wrote:
Sweetums wrote:

Are you retarded? Gold and silver fluctuate like any other commodity. They're popular because they're a fad.


No, but I was about to ask you the same. Of course gold and silver has fluctuated, but show me any currency that has been around as long and never defaulted.


Are you suggesting that no economy based on the gold standard has ever defaulted (or gone bankrupt, or whatever the equivalent would be)? Spain during the colonial period is an obvious example since in their case they actually collapsed specifically because of their dependence on gold. The idea that economies which used gold backed currency never fail is absurd. Of course they do. For pretty much the exact same reasons economies based on floating currency fail: They forget that productive output is the real valuation of an economy and *not* how much of whatever you use as your currency you have.
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#90 Sep 20 2011 at 2:30 PM Rating: Excellent
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They forget that productive output is the real valuation of an economy and *not* how much of whatever you use as your currency you have.

Hey, now. Spain was plenty productive at stealing gold Smiley: grin
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#91 Sep 20 2011 at 2:31 PM Rating: Excellent
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Damn it, Talk like a Pirate Day was yesterday.
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#92 Sep 20 2011 at 2:33 PM Rating: Good
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ShadowedgeFFXI wrote:
Sweetums wrote:

Are you retarded? Gold and silver fluctuate like any other commodity. They're popular because they're a fad.


No, but I was about to ask you the same. Of course gold and silver has fluctuated, but show me any currency that has been around as long and never defaulted. The gold standard has been around six thousand years. Yet your retarded ass thinks that paper money printed by a private banking system isn't more prone to fluctuation. They're not a fad, raw materials will always trump the value of currency. I don't care if it's oil, natural gas, gold, you name it. The Fed is drowning the dollar right now to all time lows. I hope you like Mexico and all those other 3rd world countries because we're going to be joining them very soon. The European alliance is having the same problem which I won't explain at this time, but rest assured this isn't a coincidence.

As of this time, with the five billion commercials hawking gold investments, it certainly is. Did you want to throw in a North Korea reference, though? I think you missed that special case.

Quote:


Quote:


It's not like you're going to be happy with a response that isn't "invent the replicator and replicate gold so we can have a tenable gold standard then"

Edited, Sep 20th 2011 1:56pm by Sweetums


You don't have to replicate gold to return value to the dollar. Why are so so damn stupid? Do you like when the value of the currency drops? Or are you just just blind that you think that inflation is natural occurrence and time will fix things on its own?

The bottom line is the bankers screwed up and caused the recession. The Fed bailed them out and things haven't worked out as planned.


Inflation is much older than the Fed.

Certainly, gold is a very stable store of value.



PS: I was making fun of you

Edited, Sep 20th 2011 3:35pm by Sweetums
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#93 Sep 20 2011 at 2:45 PM Rating: Excellent
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Look at all that terrible stability and predictability on the right side of the graph. So annoying when the value of your currency doesn't jump all over. Smiley: oyvey
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#94 Sep 20 2011 at 2:49 PM Rating: Good
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someproteinguy wrote:


Look at all that terrible stability and predictability on the right side of the graph. So annoying when the value of your currency doesn't jump all over. Smiley: oyvey
Just think of how those deflation rates would have increased the value of your currency, though!
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#95 Sep 20 2011 at 2:58 PM Rating: Excellent
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Sweetums wrote:
someproteinguy wrote:


Look at all that terrible stability and predictability on the right side of the graph. So annoying when the value of your currency doesn't jump all over. Smiley: oyvey
Just think of how those deflation rates would have increased the value of your currency, though!


I could have increased my value by siting on my butt and doing nothing! Smiley: yippee
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#96 Sep 20 2011 at 3:07 PM Rating: Good
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someproteinguy wrote:
Sweetums wrote:
someproteinguy wrote:


Look at all that terrible stability and predictability on the right side of the graph. So annoying when the value of your currency doesn't jump all over. Smiley: oyvey
Just think of how those deflation rates would have increased the value of your currency, though!


I could have increased my value by siting on my butt and doing nothing! Smiley: yippee
Just like a real Paultard!
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#97 Sep 20 2011 at 3:52 PM Rating: Good
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Quote:
The bottom line is the bankers screwed up and caused the recession. The Fed bailed them out and things haven't worked out as planned.


That isn't so much the bottom line as it is the starting problem, one which I think most of us can agree on.
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#98 Sep 20 2011 at 3:59 PM Rating: Decent
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catwho wrote:
Quote:
The bottom line is the bankers screwed up and caused the recession. The Fed bailed them out and things haven't worked out as planned.


That isn't so much the bottom line as it is the starting problem, one which I think most of us can agree on.


IMO, the starting problem is the government's involvement in the housing market in the first place. This meant that political motives were driving the industry instead of profit motives. And that's always a bad thing. Honestly, the Fed bailing them out (which isn't really accurate either btw) is the least of the problems. If only all of our problems involved us loaning an industry money to get them out of trouble and then getting paid back in full with interest in less than 2 years. If we ran all government programs like TARP was run (well, aside from the auto and teacher funding tossed in by the Dems), we wouldn't be in an economic crisis right now.

Edited, Sep 20th 2011 2:59pm by gbaji
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#99 Sep 20 2011 at 6:08 PM Rating: Decent
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gbaji wrote:


Are you suggesting that no economy based on the gold standard has ever defaulted (or gone bankrupt, or whatever the equivalent would be)? Spain during the colonial period is an obvious example since in their case they actually collapsed specifically because of their dependence on gold. The idea that economies which used gold backed currency never fail is absurd. Of course they do. For pretty much the exact same reasons economies based on floating currency fail: They forget that productive output is the real valuation of an economy and *not* how much of whatever you use as your currency you have.


I think if you understood the value of gold/silver, you could of answered this yourself. The gold standard is what kept our value of the dollar balanced. Ever since the gold standard was taken away, hyper inflation has run rampant. There is obviously a direct correlation between gold and the dollar.

As for your question, gold has endured for six thousand years. Sure a country here or there might make some bad choices, but the standard didn't go away. Our federal reserve is a total scam. They print money based on their profit margins so they can loan out more or give money to companies for bailouts. Either way, the people get taxed and suffer a drop in quality of life. Why do you think the GOP want to cut social security, medicare, education, the FDA, and other programs? It's because the bankers(Fed) blew all the money on these failures and now we have to tighten the belt on our common citizens.

It's ironic how much of a tax break oil companies get and how it's taboo to tax large corporations even though it's small businesses that hire most people in a strong economy.But they will cut ever program that benefits struggling Americans and continue to bail out these crooked companies.
#100 Sep 20 2011 at 6:26 PM Rating: Excellent
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I just wanted to comment on a recent issue that popped up, re: small business owners create the majority of jobs. Recently, representative John Fleming said he can't afford a tax hike because he only has about $400,000 after "feeding his family" and paying out payroll for his approximately 500 employees. Now, Representative Fleming is one of what Republicans like to call "job creators." Which sounds great until you realize he owns franchises that mostly employ part time, minimum wage workers, like a Subway and a UPS store, and based on the figures he provided (6.3 mil in revenues a year leaving him with only 600K personal profit for reinvestment and paying his bills), his average employee makes about 11K/year.

Those aren't the kind of small business jobs we need to be cheering on so loudly, frankly.

Also: Nevermind that if he's re-investing 400K/600K of his profits, he should only be paying taxes on 200K of his income, unless he is omitting other sources of income from that figure, like his salary as a Congressman or profits from the medical practice he owns - at which point any tiny iota of pity I may have felt for him is thrown out the window.
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#101 Sep 20 2011 at 7:26 PM Rating: Default
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This is where I look away as someone sucks the necrotic dick of Ron Lawl.

I mean, I gave you pictures and everything! There weren't even any hard words!
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