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  #5201  
Old 11-20-12, 20:24
fatandfast fatandfast is offline
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S.CalScott,It is my understanding that real estate doesn't work that way. My understanding is that if you sell a house that you bought for 500,000 and after years or minutes of appreciation lets say an increase of 250k. The new value of the house 750,000 is not taxed as a capital gain or common income as long as it is reinvested in another real estate transaction. An additional provision is set aside for a cash out when you retire.

My point is that transactions such as the sale of stocks still effect a super small percentage of the US population who don't have financial portfolios of lets say 300,000 dollars. I currently do not know anybody that can buy a full boat of Google or Apple as a diversified part of their portfolio. The 50 or 60,000 for that single stock would be a majority or large chunk of investment cash.

You are probably right that the tax rules are equal across the board but my point was that heavy hitters that are moving 10s and hundreds of million from within the market play w a slightly different handicap system.

While the manager of lets say a small business, HotDogOn-a-Stick makes way less money that Mitt Romney he pays a higher percentage of his income toward taxes because his net worth has limited him to be unable to manipulate his income into a capital gain or dividend.Romney paid 13.8% on 20,000,000 that sounds attractive to anybody,both amounts.
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  #5202  
Old 11-20-12, 22:08
aphronesis aphronesis is offline
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here's some fodder for those wanting to argue the failure of the institution of democracy. notably she makes the point that its failure is the unarticulated impasse in which, let's say, several "lefts" find themselves. As here, in which the author makes a rather evident set of observations. (Although the same need for distinction between blocks and principles must obviously obtain for the "rights" (although their fringe elements need to get in touch with natural history and stop naturalizing american history before they're going to make many conceptual advances.)

"Calling for democracy, leftists fail to emphasize the divisions necessary for politics, divisions that should lead us to organize against the interests of corporations and their stockholders, against the values of fundamentalists and individualists, and on behalf of collectivist arrangements designed to redistribute benefits and opportunities more equitably. With this plea, leftists proceed as if democracy was the solution to contemporary political problems rather than symptomatic of them—that is the name of the impasse in which we find ourselves."

I don't have time for a full summary and dissection of this right now, but some obvious problems would prefacing the theoretical apparatus with Zizek and Laclau (even if she does modulate this into Rawls and Habermas) and, more generally, in doing so, by relying on 18th century philosophical concepts as being generally explanatory of the motivations and impasses of the contemporary psyche. All of which begs the further question of presenting undigested political theory and a certain reading of intentionality (Bush's aims for example--Scott takes this tack with Obama) as efficacious, relevant and wholly viable in the face of the contemporary state of the world. Even the fact that she tries to feed Bush and his statements--or enunciations of power--through a psychoanalytic matrix doesn't achieve much. In doing that the author mostly restates in so many ways the perverse functioning of any positions of absolute authority or authoritarian dictates--a discourse that relates more to the sixties and the seventies than to the present. That is to say, she only reiterates the unspoken point that the current states politics leads almost inevitably to what must be perverse or neurotic positions when compared to how politics, and, more specifically democracy ought to function, both instrumentally and as a matter of identity formation at the individual or local level. And of course economics and material, i.e. capitalized formations only play a very passing role in her account of the stymied "states" of democracy.

http://www.e-flux.com/journal/democr...e-and-despair/

Last edited by aphronesis; 11-20-12 at 22:31.
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  #5203  
Old 11-21-12, 03:56
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S.CalScott,It is my understanding that real estate doesn't work that way. My understanding is that if you sell a house that you bought for 500,000 and after years or minutes of appreciation lets say an increase of 250k. The new value of the house 750,000 is not taxed as a capital gain or common income as long as it is reinvested in another real estate transaction. An additional provision is set aside for a cash out when you retire.

My point is that transactions such as the sale of stocks still effect a super small percentage of the US population who don't have financial portfolios of lets say 300,000 dollars. I currently do not know anybody that can buy a full boat of Google or Apple as a diversified part of their portfolio. The 50 or 60,000 for that single stock would be a majority or large chunk of investment cash.

You are probably right that the tax rules are equal across the board but my point was that heavy hitters that are moving 10s and hundreds of million from within the market play w a slightly different handicap system.

While the manager of lets say a small business, HotDogOn-a-Stick makes way less money that Mitt Romney he pays a higher percentage of his income toward taxes because his net worth has limited him to be unable to manipulate his income into a capital gain or dividend.Romney paid 13.8% on 20,000,000 that sounds attractive to anybody,both amounts.
When people sell their homes... 'Trading up'....equity and new basis is handled through the 1031. The Federal cap gains exemption (one time) is $250,000 for singles and $500,000 for married couples.

Capital gains has effects on many. Likely far more than you think. But, the Federal govt needs revenue. They will not control expenditures, so tax everybody.
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  #5204  
Old 11-21-12, 12:55
aphronesis aphronesis is offline
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while we're on the subject; on slaves and capital in the post-fordist, or post-production (with production understood as the or a driving motor of the economy) epoch. as seen, or ventriloquized from the inside of lived existence, rather than the external position of management:

http://theclaudiusapp.com/2-klossowski.html
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  #5205  
Old 11-21-12, 18:38
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Oh, look. The Republican Benghazi Truthers managed to get Col. Farag al-Dersi killed. I wonder if Fox News will be on this 24/7 demanding an investigation of those traitors in the House of Representatives that sold out American security for attempted political gain.


AP is reporting that according to Libya's deputy interior minister, gunmen assassinated the security chief in Benghazi overnight. Omar al-Khadrawi says National Security Chief Col. Farag al-Dersi was shot dead while returning from work on Wednesday.

Last October House Oversight Committee Chairman Darrell Issa (R-Calif.) released 166 pages of unclassified State Department communications regarding Libya. But hidden in the scores of documents were the unredacted names of several Libyans working with the U.S. government. Federal officials warned this recklessness could result in harm or death to those US operatives working clandestinely inside Libya.

Prior to going public with this sensitive national security information, on October 9, the State Department sent a letter to Issa and warned him that the set of documents that had been provided to the House Oversight and Government Reform Committee, which Issa chairs, “contains classified and other sensitive information, including information about the security of U.S. diplomatic missions overseas, foreign government information, and personal privacy information, the unauthorized release of which could cause damage to national security and foreign relations.”

Representative Jason Chaggetz (R-UT) was also criticized for collaborating with Issa on the careless act.
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  #5206  
Old 11-21-12, 19:58
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Originally Posted by BroDeal View Post
Oh, look. The Republican Benghazi Truthers managed to get Col. Farag al-Dersi killed. I wonder if Fox News will be on this 24/7 demanding an investigation of those traitors in the House of Representatives that sold out American security for attempted political gain.


AP is reporting that according to Libya's deputy interior minister, gunmen assassinated the security chief in Benghazi overnight. Omar al-Khadrawi says National Security Chief Col. Farag al-Dersi was shot dead while returning from work on Wednesday.

Last October House Oversight Committee Chairman Darrell Issa (R-Calif.) released 166 pages of unclassified State Department communications regarding Libya. But hidden in the scores of documents were the unredacted names of several Libyans working with the U.S. government. Federal officials warned this recklessness could result in harm or death to those US operatives working clandestinely inside Libya.

Prior to going public with this sensitive national security information, on October 9, the State Department sent a letter to Issa and warned him that the set of documents that had been provided to the House Oversight and Government Reform Committee, which Issa chairs, “contains classified and other sensitive information, including information about the security of U.S. diplomatic missions overseas, foreign government information, and personal privacy information, the unauthorized release of which could cause damage to national security and foreign relations.”

Representative Jason Chaggetz (R-UT) was also criticized for collaborating with Issa on the careless act.
I'd love to hear what McCain and Graham have to say.

Meanwhile, it's business as usual in the Gulf of Mexico.

http://thehill.com/blogs/e2-wire/e2-...-oil-explosion

****ing government and their stupid regulations.
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  #5207  
Old 11-22-12, 15:41
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I'd love to hear what McCain and Graham have to say.

Meanwhile, it's business as usual in the Gulf of Mexico.

http://thehill.com/blogs/e2-wire/e2-...-oil-explosion

****ing government and their stupid regulations.
I made mention of the explosion in a previous post. Anyhow not really business as usual when this operator runs the risk of losing their licences. Previously there would had been no threat of anything so I would say somethings are changing. Then again you have no idea because your just reading an article from the hill.

The industry is and has changed since Horizon. Many more changes are being implemented constantly.

Black Elk is a small time player.
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Old 11-22-12, 15:55
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...am posting this here under the assumption that this thread has morphed into the US politics thread ( as opposed to the general politics thread )

...this should be filed under they hate us for our freedoms (it should go right beside the US/Gaza/Palestinian relations file )...its another cautionary tale about what happens when the vilest wrong wing religious bat$hit crazy wingnuts with political connections get involved in the making of foreign policy....
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Uganda on Verge of Giving Gays Death Penalty

That whole Idi Amin thing is making a lot more sense now.

A vile piece of legislation is reportedly on the verge of being passed in Uganda at any moment. It’s a law that will put gay people, and anyone who comes near us, to death.

Here’s what the new law is going to do:
1.Have gay sex once: life in prison (which is already the law).
2.Have gay sex twice: death.
3.Have gay sex once with a person with a disability: death. The law assumes that people with disabilities are all helpless victims. The law also ensures that a gay person with a disability is the last person on the planet you’re ever going to have sex with, thus punishing people with disabilities even more than average gay Ugandans.
4.Rent an apartment to a gay person, and they have sex with someone in that apartment, ever: life in prison for the landlord.
5.Rent a second apartment to a gay person, and they have sex with someone in that apartment, ever: death for the landlord.
6.Have sex, even consensual, and you have HIV, even if you disclose your status to your partner, or even if you didn’t even know you had HIV: death.

I don’t use the word Nazi lightly. This is Nazi. Putting an entire community to death simply because of the way they were born?

We Don’t Have Money For Medicare or Social Security, But We Have Half a Billion to Murder All Gays in Uganda?

The US is funding Uganda to the tune of nearly half a billion dollars a year.

We’re going to cut Medicare and Social Security because we “can’t afford it,” but we can afford to give half a billion to these pigs?

Seriously. Next month, the administration, and Democrats in Congress, are going to try to sell us on a plan that may very well gut things we care dearly about. And they’re going to tell us we have no choice, because there’s no more money. Other than half a billion being spent on despots.

US Ambassador Scott DeLisi Reassured Ugandans their Aid Won’t Be Cut, Presumably That Covers Killing Gays Too

Then there was this lovely quote from the US Ambassador to Uganda today, Scott DeLisi, assuring these barbarians that no one is going to cut off aid.



Execution via Shutterstock

Although most funders have cut aid, the United States of America has assured Uganda that it will not cut off the Aid it has been extending to Uganda.“The U.S has decided to continue giving aid to Uganda despite the ongoing numerous investigations into the misuse of foreign aid.” Ambassador Scott H. DeLisi said

Bad timing, Scott.

The UK just suspended aid to Uganda five days ago over concerns about “misuse of funds.” Works for me. Call it what you want. Genocide. Misuse of funds. I don’t care. But the Brits have stopped giving their money to thugs and thieves. While US Ambassador Scott DeLisi seems to be aiding and abetting them. Maybe we should cut his budget too.

And yes, this is from a Ugandan paper, so take it with a grain of salt, but it’s a pretty darn strong quote. And pretty awful timing for the United States to be reassuring the Ugandan government of our half a billion dollars a year to support genocide against gay people.

Gay Person Touches Anyone in Uganda, He Dies

It’s already a crime punishable by life imprisonment to have gay sex in Uganda. But this legislation would make it a crime to touch another person, with your body or an object, that in a way that suggested you meant to have sex with them. Well what does that mean? Bumped into them? Threw a ball at them? Punched them? If the other person took it to mean “do me,” you’d be guilty of the offense of homosexuality and get life imprisonment.

A very useful law to use against those whom the government does not like, as Jim Burroway at Box Turtle Bulletin, who has been dogging this legislation for a while, explains:


Look again at Clause 2, 1.c.: a person, under this clause, can be sent to a Ugandan prison for life for merely “touching” someone. And Clause 1 defines ”touching” to include “any part of the body” “with anything else” (a finger? a foot? a ten foot pole?) “through anything.” All of which means that someone can “commit homosexuality” even if they are fully clothed and there is no actual skin-to-skin contact. The sole proof required is that the “touching” took place with the perceived “intention” of committing the act of homosexuality. Sounds crazy, doesn’t it? But just to make sure we’re clear that the bill intends to cast an extraordinarily wider net, go back to the definition of ”sexual act” in Clause 1: an act that “does not necessarily culminate in intercourse.”

You can see where this is going, can’t you? With the bar for conviction thus lowered, anyone can be falsely accused of being gay — one can easily imagine rival politicians, business owners and pastors falling prey to such accusations – and it will become virtually impossible for them to prove their innocence.

Rent a Room to a Gay Person in Uganda, You Die

It’s legislation that would not only punish homosexuality by either life imprisonment and/or death, depending on the circumstance, but it would also put to death anyone who, more than once, rents a room to a gay person, refuses to report a gay person who isn’t celibate to the police, uses the Internet to advocate for gay rights, or donates to a pro-gay cause. Do any of those and you go prison for life. Do it twice, and you die.

Apparently, all the MSM reports about the death penalty provision being “dropped” are bull. The parliament did a cute little trick we try here in America with our congress. They deleted the phrase about putting people to death, and then referred to the punishment permitted under a separate piece of law – and the punishment under that other law is… wait for it… death.

More from Burroway:



1. Clause 3 (2) is amended by substituting for the words “…suffer death’’ with words “…the penalty provided for aggravated defilement under Section 129 of the Penal Code Act”.

Justification

To harmonise the provision with the penalty under the Penal Code Act

Well guess what. Section 129 of the Penal Code Act reads that anyone who “commits a felony called aggravated defilement [i.e. child sexual abuse] and is, on conviction by the High Court, liable to suffer death.” Which means that the Legal and Parliamentary Affairs Committee recommended that the death penalty be retained through stealth.

Half a Billion Buys you a Lot of Dead Gays in Uganda

Half a billion dollar a year to these f’ers, while people sit here and talk about cutting Medicare and Social Security. That half a billion is the same amount Paul Ryan cut from embassy security. Can’t think of a better use for it than right there.

The time for “working with” Uganda is over. Constructive engagement didn’t work in South Africa, and it’s not working in Uganda. The color of the criminals has changed, but not the color of their blood, or the lost humanity of their victims.

We’re not giving a dime to these pigs if they pass this legislation. It’d be nice to see our gay members of Congress, now more numerous than ever, actually step and do something about this.
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Cheers

blutto
Yeah man it appears that the USA does blindly pass out the dollars.

You might find this as a shocker because you are in Canada but right now the Merikans down sowt are eating Turkey and dressing. The news regarding Uganda will never make it to their Media outlets (just a guess). The blinders are on and the sheepherders are running the place.

Funny most of the news today will be about F-ing shopping and stores open on Thanksgiving at 8pm ....Black Friday ****s. That **** is up in Canada also. Somehow we managed to send that disease across the border. Somewhere right now there are some inuit natives in Hopedale Labrador making there way down to goosebay for a black friday sale on some **** they would never need.
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  #5209  
Old 11-22-12, 16:48
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here's some fodder for those wanting to argue the failure of the institution of democracy...

http://www.e-flux.com/journal/democr...e-and-despair/
To me it is quite evident that institutionalized democracy has failed when the poorest have to pay the price for an economic crisis for which they are not responsible.
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Old 11-22-12, 17:12
aphronesis aphronesis is offline
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To me it is quite evident that institutionalized democracy has failed when the poorest have to pay the price for an economic crisis for which they are not responsible.
Among other things. Clearly no one should have to pay for it other than those with vested business interests in the "failures."

But the problem runs deeper when so many of the "poor," (I'm not sure how low or high you want to stretch with that) think that the problem can be fixed strictly through voting. How long will it take some to realize that voting is not the means to achieving a world that benefits them?
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