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Why not go over the fiscal cliff?
2 years ago  ::  Dec 05, 2012 - 1:02PM #21
louisiana_lightning
Posts: 4,065

Dec 5, 2012 -- 12:58PM, 61in61 wrote:


Dec 5, 2012 -- 12:50PM, louisiana_lightning wrote:


Dec 5, 2012 -- 12:39PM, ArtVandelay wrote:


Dec 5, 2012 -- 11:29AM, 61in61 wrote:


Dec 5, 2012 -- 10:08AM, louisiana_lightning wrote:


I'd be more than happy to live in a log cabin with a kerosene lamp if worse came to worse. The rest of you can fight over what's left.



we'd be watching you on tv as Obama's IRS sends tanks through your log cabin for failing to file the proper paperwork and pay taxes on the land your cabin sits on...




You may want to edit your quotes Art, I like my suburban amenities and when I get fed up I'll leave this god forsaken land.  I'm an American by ideology the land itself means nothing to me. 




A famous line from Gone With the Wind..."the land is the only thing worth living for, worth dying for..."




Home is where I hang my hat.  The only thing that prevents the hotels I spend half my life in from being home is that my wife and son aren't there.  Prior to that they were as much a home to me as anyplace else.

2 years ago  ::  Dec 05, 2012 - 1:07PM #22
ArtVandelay
Posts: 15,851

Dec 5, 2012 -- 12:58PM, 61in61 wrote:


Dec 5, 2012 -- 12:50PM, louisiana_lightning wrote:


Dec 5, 2012 -- 12:39PM, ArtVandelay wrote:


Dec 5, 2012 -- 11:29AM, 61in61 wrote:


Dec 5, 2012 -- 10:08AM, louisiana_lightning wrote:


I'd be more than happy to live in a log cabin with a kerosene lamp if worse came to worse. The rest of you can fight over what's left.



we'd be watching you on tv as Obama's IRS sends tanks through your log cabin for failing to file the proper paperwork and pay taxes on the land your cabin sits on...




You may want to edit your quotes Art, I like my suburban amenities and when I get fed up I'll leave this god forsaken land.  I'm an American by ideology the land itself means nothing to me. 




A famous line from Gone With the Wind..."the land is the only thing worth living for, worth dying for..."




I actually finally watched that entire movie from beginning to end recently...  wow, Scarlett was nuts wasn't she?  She'd fit well in the "it's all about me" society we live in!

2 years ago  ::  Dec 05, 2012 - 1:08PM #23
61in61
Posts: 18,556

Dec 5, 2012 -- 12:39PM, ArtVandelay wrote:


Dec 5, 2012 -- 11:29AM, 61in61 wrote:


Dec 5, 2012 -- 10:08AM, louisiana_lightning wrote:


I'd be more than happy to live in a log cabin with a kerosene lamp if worse came to worse. The rest of you can fight over what's left.



we'd be watching you on tv as Obama's IRS sends tanks through your log cabin for failing to file the proper paperwork and pay taxes on the land your cabin sits on...




I never said I would go that far. And I never said anything about breaking any laws. I was talking about people living beyond their means and being part of a corrupt society. A modest cabin (or house)  on land with modest taxes is not living beyond your means. Living simply by avoiding motgage payments, car payments, credit cards and borrowed money is not an invitation to send in tanks.


2 years ago  ::  Dec 05, 2012 - 1:49PM #24
GottaGoToMo
Posts: 39,979

Dec 5, 2012 -- 11:34AM, 61in61 wrote:


Dec 5, 2012 -- 10:32AM, GottaGoToMo wrote:


Dec 4, 2012 -- 4:00PM, 61in61 wrote:


I could care less about a cliff. It probably wouldn't adversely affect 90% of the population anyway.





Most people would see a tax increase.




So? If a deal is struck there will be a tax increase as well. A tax increase will help reduce the debt. You can't have it both ways. If you keep the tax cuts in place the deficit rises, if you want to reduce the deficit you have to raise taxes. Spending cuts are not an option because nobody wants their pet interests cut.





I just lost my house to the hurricane ... a tax increase right now would hurt me ... guess you don't care about it ... that's good for you ... but for a lot of people it would hurt.

mariano42



"Without the Lord, I cannot do it."  Mariano Rivera - 9/22/13

2 years ago  ::  Dec 05, 2012 - 3:50PM #25
louisiana_lightning
Posts: 4,065

Dec 5, 2012 -- 1:49PM, GottaGoToMo wrote:



I just lost my house to the hurricane ... a tax increase right now would hurt me ... guess you don't care about it ... that's good for you ... but for a lot of people it would hurt.




The tax increase is something tangible that we can immediately recognize the impact of.  The tax increase is an inevidable consequence of the deficits and if it doesn't hit now it will later.  In the interim the deficit spending undermines our currency.  How bad this is entirely depends on how it's reported.  If the press calls it a catasrphe it will be, if they play it down and point out that the damage has already been done and the reckoning is inevitable it doesn't have to be as bad.  That won't happen though because it doesn't fit the narrative or the ideology of most of the pundits.

2 years ago  ::  Dec 05, 2012 - 5:05PM #26
61in61
Posts: 18,556

Dec 5, 2012 -- 1:49PM, GottaGoToMo wrote:


Dec 5, 2012 -- 11:34AM, 61in61 wrote:


Dec 5, 2012 -- 10:32AM, GottaGoToMo wrote:


Dec 4, 2012 -- 4:00PM, 61in61 wrote:


I could care less about a cliff. It probably wouldn't adversely affect 90% of the population anyway.





Most people would see a tax increase.




So? If a deal is struck there will be a tax increase as well. A tax increase will help reduce the debt. You can't have it both ways. If you keep the tax cuts in place the deficit rises, if you want to reduce the deficit you have to raise taxes. Spending cuts are not an option because nobody wants their pet interests cut.





I just lost my house to the hurricane ... a tax increase right now would hurt me ... guess you don't care about it ... that's good for you ... but for a lot of people it would hurt.




Sorry to hear about your house. I don't know if you would get a hit on taxes with that kind of loss.


You can claim that I am insensitive but did the possibility that a cut in spending would affect your SSI benefits? So, which do you prefer? Higher taxes...lower benefits? You are a perfect example of "don't gore my ox" mentality. Maybe the best case scenario for the country as a whole is to let the tax cuts expire, as well as a modest cut in spending and get the deficit under control. Short term pain for everyone in exchange for longterm gain. But, you lost your house and don't want higher taxes. I understand that. I'll take my chances on higher taxes because I have more than enough loopholes to take advantage of to offset any increase. There will be winners and losers in every scenario.

2 years ago  ::  Dec 05, 2012 - 5:15PM #27
louisiana_lightning
Posts: 4,065

Dec 5, 2012 -- 5:05PM, 61in61 wrote:


Sorry to hear about your house. I don't know if you would get a hit on taxes with that kind of loss.


You can claim that I am insensitive but did the possibility that a cut in spending would affect your SSI benefits? So, which do you prefer? Higher taxes...lower benefits? You are a perfect example of "don't gore my ox" mentality. Maybe the best case scenario for the country as a whole is to let the tax cuts expire, as well as a modest cut in spending and get the deficit under control. Short term pain for everyone in exchange for longterm gain. But, you lost your house and don't want higher taxes. I understand that. I'll take my chances on higher taxes because I have more than enough loopholes to take advantage of to offset any increase. There will be winners and losers in every scenario.




We were on the same page until the loopholes.  I know that's not the fiscal cliff consequence but the loopholes have to go for all income and non-income classes.

2 years ago  ::  Dec 05, 2012 - 7:46PM #28
61in61
Posts: 18,556

Dec 5, 2012 -- 5:15PM, louisiana_lightning wrote:


Dec 5, 2012 -- 5:05PM, 61in61 wrote:


Sorry to hear about your house. I don't know if you would get a hit on taxes with that kind of loss.


You can claim that I am insensitive but did the possibility that a cut in spending would affect your SSI benefits? So, which do you prefer? Higher taxes...lower benefits? You are a perfect example of "don't gore my ox" mentality. Maybe the best case scenario for the country as a whole is to let the tax cuts expire, as well as a modest cut in spending and get the deficit under control. Short term pain for everyone in exchange for longterm gain. But, you lost your house and don't want higher taxes. I understand that. I'll take my chances on higher taxes because I have more than enough loopholes to take advantage of to offset any increase. There will be winners and losers in every scenario.




We were on the same page until the loopholes.  I know that's not the fiscal cliff consequence but the loopholes have to go for all income and non-income classes.




I don't really have any loopholes, just my property tax deductions. I was just trying to make a point that there will be winners and losers no matter which side of the fence you are on. I'd hate to lose my tax deductions just like Mo would hate to have her taxes go up.

2 years ago  ::  Dec 05, 2012 - 8:24PM #29
GottaGoToMo
Posts: 39,979

Dec 5, 2012 -- 5:05PM, 61in61 wrote:


Dec 5, 2012 -- 1:49PM, GottaGoToMo wrote:


Dec 5, 2012 -- 11:34AM, 61in61 wrote:


Dec 5, 2012 -- 10:32AM, GottaGoToMo wrote:


Dec 4, 2012 -- 4:00PM, 61in61 wrote:


I could care less about a cliff. It probably wouldn't adversely affect 90% of the population anyway.





Most people would see a tax increase.




So? If a deal is struck there will be a tax increase as well. A tax increase will help reduce the debt. You can't have it both ways. If you keep the tax cuts in place the deficit rises, if you want to reduce the deficit you have to raise taxes. Spending cuts are not an option because nobody wants their pet interests cut.





I just lost my house to the hurricane ... a tax increase right now would hurt me ... guess you don't care about it ... that's good for you ... but for a lot of people it would hurt.




Sorry to hear about your house. I don't know if you would get a hit on taxes with that kind of loss.


You can claim that I am insensitive but did the possibility that a cut in spending would affect your SSI benefits? So, which do you prefer? Higher taxes...lower benefits? You are a perfect example of "don't gore my ox" mentality. Maybe the best case scenario for the country as a whole is to let the tax cuts expire, as well as a modest cut in spending and get the deficit under control. Short term pain for everyone in exchange for longterm gain. But, you lost your house and don't want higher taxes. I understand that. I'll take my chances on higher taxes because I have more than enough loopholes to take advantage of to offset any increase. There will be winners and losers in every scenario.





I feel I took a big enough hit this year ... I don't really give a hoot about the economics ... I can't afford higher taxes ... plain and simple.


As far as Social Security benefits, they are talking about future increases being decreased ... I can understand that.

mariano42



"Without the Lord, I cannot do it."  Mariano Rivera - 9/22/13

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