Flag Burning hubbub (3 Viewers)

[Denny Crane]

we give people money every day. it keeps them from starving to death.

And they're not very likely to make $24/hr. Welfare is a rough way to live. It doesn't pay very well.

 

[barfo]

I'm pretty curious to know what the deal was. I'll withhold judgment (positive or negative) until we know what was traded.

barfo

 

[oldfisherman]

And they're not very likely to make $24/hr. Welfare is a rough way to live. It doesn't pay very well.

But the hours are much better, with great benefits.

 

[Denny Crane]

Trump is going to repatriate $trillions in corporations' money that is stuck overseas.

Regardless of the bullshit fairness some might perceive, it's $trillions that will be spent and will jack up the economy. No gimmicks, either.

 

[barfo]

Trump is going to repatriate $trillions in corporations' money that is stuck overseas.

Regardless of the bullshit fairness some might perceive, it's $trillions that will be spent and will jack up the economy. No gimmicks, either.

That's not exactly accurate. Much, probably most, of that money is already here jacking up the economy in various ways. It isn't literally 'stuck overseas'. It simply belongs to subsidiaries based overseas.

What repatriation will do is increase dividend payments and stock buybacks. Which is good for investors, and to the extent investors spend their gains, that can help the economy.

But the major effect is more tax revenue for the government - which is a pretty funny thing for you to be excited about.

barfo

 

[julius]

I'm pretty curious to know what the deal was. I'll withhold judgment (positive or negative) until we know what was traded.

barfo

a 2nd round draft pick in 2023

 

[barfo]

a 2nd round draft pick in 2023

Noooo! That one was going to be a star!

barfo

 

[julius]

Noooo! That one was going to be a star!

barfo

You have a point. Manu Ginobli was drafted in the 2nd round!

 

[Denny Crane]

That's not exactly accurate. Much, probably most, of that money is already here jacking up the economy in various ways. It isn't literally 'stuck overseas'. It simply belongs to subsidiaries based overseas.

What repatriation will do is increase dividend payments and stock buybacks. Which is good for investors, and to the extent investors spend their gains, that can help the economy.

But the major effect is more tax revenue for the government - which is a pretty funny thing for you to be excited about.

barfo

The money will be spent here, not overseas.

Your kind has been too greedy about TAKING the companies' money that they got $0 in tax. Pretty funny in its own right.

 

[riverman]

Are your posts suffering from a mental defect

If that works for you....hey..sure....I'm completely nuts...you keep asking people who disagree with you if they are out of touch with reality....well from my own insane reality I think you're posts are all about baiting and talking down to people.....how much money they make and what they do for a living isn't something you have a handle on or the skillsets they use to do their jobs....but that went right over your head and ended up with you not grasping that most of us multi task and some even have many skills you don't know about.....I was being snarky because I sense you were being judgemental......in your case....it's accumulative. And you can go ahead and do that all you like....but you should expect reactions from time to time.

 

[riverman]

Trump is going to repatriate $trillions in corporations' money that is stuck overseas

actions speak louder than words....I haven't seen him repatriate anything yet

 

[Denny Crane]

actions speak louder than words....I haven't seen him repatriate anything yet

All he has to do is announce an amnesty and a 5% repatriation tax. All the money will come over. Obama wouldn't due it because 5% isn't "fair."

The thing is, if they bring $2T from overseas, it'll boost GDP by $2T. Without borrowing from the Chinese or printing the money.

What a concept!

 

[barfo]

The money will be spent here, not overseas.

Like I said, the money is already here. It's a fiction that it is 'stuck overseas'. It just hasn't been taxed.

Your kind has been too greedy about TAKING the companies' money that they got $0 in tax. Pretty funny in its own right.

You can blame the corporate tax rate, or you can blame those who created the offshore loophole. Either way is fine with me.

Whether 'my kind' or 'your kind' originally created the situation, I'm in favor of fixing the problem permanently - tax foreign profits immediately, no more deferral.

barfo

 

[bodyman5000 and 1]

If that works for you....hey..sure....I'm completely nuts...you keep asking people who disagree with you if they are out of touch with reality....well from my own insane reality I think you're posts are all about baiting and talking down to people.....how much money they make and what they do for a living isn't something you have a handle on or the skillsets they use to do their jobs....but that went right over your head and ended up with you not grasping that most of us multi task and some even have many skills you don't know about.....I was being snarky because I sense you were being judgemental......in your case....it's accumulative. And you can go ahead and do that all you like....but you should expect reactions from time to time.

He brought up how much money he makes doing a job that my mom could do tomorrow.

 

[Denny Crane]

Like I said, the money is already here. It's a fiction that it is 'stuck overseas'. It just hasn't been taxed.



You can blame the corporate tax rate, or you can blame those who created the offshore loophole. Either way is fine with me.

Whether 'my kind' or 'your kind' originally created the situation, I'm in favor of fixing the problem permanently - tax foreign profits immediately, no more deferral.

barfo

http://www.cnbc.com/2016/09/20/us-c...a-half-trillion-dollars-in-cash-overseas.html

US companies are hoarding $2.5 trillion in cash overseas

 

[riverman]

All he has to do is announce an amnesty and a 5% repatriation tax. All the money will come over. Obama wouldn't due it because 5% isn't "fair."

The thing is, if they bring $2T from overseas, it'll boost GDP by $2T. Without borrowing from the Chinese or printing the money.

What a concept!

I'm all for any progress on that end...just haven't seen any....I'm really interested in how this all unfolds..I'll cheer for any action that solves problems at home...just nothing to cheer for yet. Stay tuned......

 

[riverman]

http://www.cnbc.com/2016/09/20/us-c...a-half-trillion-dollars-in-cash-overseas.html

US companies are hoarding $2.5 trillion in cash overseas

I know Romney stashed money in the Caymans and Belgium and Trump is invested overseas....wouldn't he lead by example first and just make Trump corporation hire American immediately? Wouldn't that be more along the lines of his "only I can fix it all" chant?

 

[riverman]

Might want to go pick up all the tanks, jeeps, transports, and war equipment in the middle east and Afghanistan, ship it to Pittsburg and make shit out of the metal for a change.

 

[barfo]

http://www.cnbc.com/2016/09/20/us-c...a-half-trillion-dollars-in-cash-overseas.html

US companies are hoarding $2.5 trillion in cash overseas

It's funny you spend so much time bashing the media and then get conned by a very shallow media story. Dig a little deeper, Denny.

barfo

 

[bodyman5000 and 1]

If that works for you....hey..sure....I'm completely nuts...you keep asking people who disagree with you if they are out of touch with reality....well from my own insane reality I think you're posts are all about baiting and talking down to people.....how much money they make and what they do for a living isn't something you have a handle on or the skillsets they use to do their jobs....but that went right over your head and ended up with you not grasping that most of us multi task and some even have many skills you don't know about.....I was being snarky because I sense you were being judgemental......in your case....it's accumulative. And you can go ahead and do that all you like....but you should expect reactions from time to time.

I got interrupted so I'm going to be as clear as I can. If you argue the definition of unskilled labor as being how many other skills a person who does the job has that aren't related to the actual job.......



I don't what else to do but dismiss your entire post as moronic. Thinking outside the box is good for coming up with solutions, not arguing the definitions of things.

 

[3RA1N1AC]

That gets Democrats elected. It pisses everyone else off.

Corporations are people

 

[riverman]

If you argue the definition of unskilled labor

I didn't argue it....I said you judged someone for working in the shipping industry and what it had to do with their income or skillset or why that made them out of touch with reality......that was moronic ....no offense to the Mongolians who live in the city of Moron

 

[SlyPokerDog]

Trump is going to hop around the country like a giant Easter bunny shitting solid gold eggs on everyone's lawns.

 

[riverman]

Trump is going to hop around the country like a giant Easter bunny shitting solid gold eggs on everyone's lawns.

so much for homeless folks and apartment dwellers

 

[SlyPokerDog]

so much for homeless folks and apartment dwellers

Fuck 'em!

 

[riverman]

Fuck 'em!

and folks who live on boats

 

[riverman]

How long before half the lawn owners try to burn those golden eggs...?

 

[Denny Crane]

Like I said, the money is already here. It's a fiction that it is 'stuck overseas'. It just hasn't been taxed.



You can blame the corporate tax rate, or you can blame those who created the offshore loophole. Either way is fine with me.

Whether 'my kind' or 'your kind' originally created the situation, I'm in favor of fixing the problem permanently - tax foreign profits immediately, no more deferral.

barfo

It's not here. If it were, it would be taxed. That's the law.

If it were here, nobody would talk about it being in overseas banks.

Yes, the tax rate is absurd.

 

[Denny Crane]

I know Romney stashed money in the Caymans and Belgium and Trump is invested overseas....wouldn't he lead by example first and just make Trump corporation hire American immediately? Wouldn't that be more along the lines of his "only I can fix it all" chant?

There's a wee difference between America First and Fortress America.

Trump's HQ is in NYC, not overseas.

 

[Denny Crane]

It's funny you spend so much time bashing the media and then get conned by a very shallow media story. Dig a little deeper, Denny.

barfo

Let's see. CNBC economics writers vs. Barfo who's demonstrated a poor understanding of economics.

I'll go with CNBC.