Socialism cannot compete!

Wall Street Breakfast: Must-Know News

Do you think that what you wrote even sounds logical?? Ask everyone to pay their share under the law, no matter how flawed it may be? Think about that from a theoretical standpoint -- is it really their "share" if the law is flawed? And the more flawed the tax code becomes, the more unjust the designated "share" would be?! Yet you would say those who have the most unjust share should still pay it? Is there no point at which they are justified in either not paying or in paying some but not all of it? If there is a point, where is that point? These are very real questions that we all need to be asking. Particularly with the way our tax money is being used!!

IMO, I would submit that it is not only the wealthy who are unjustly treated by the current income tax law...but almost everyone who actually pays in!! When you consider the nature of confiscatory taxation, $1 is too much. But when it has become 20...30...40% of gross incomes...how have we not revolted yet???


On Oct 27 10:37 AM TommyG wrote:

> Doubleguns: Yes a revamped tax structure would fix a lot of ills
> but the scum in both houses won't let the their special interests
> get hurt. Meanwhile; is it too much to ask that everybody pays their
> share under the law, however flawed it may be.

Wall Street Breakfast: Must-Know News

Nooooooo!!! They can't have our Kudlow! We need him here!!


On Oct 27 09:34 AM doubleguns wrote:

> Old Trader the translation would be "Me" pronounced with a short
> e like the Canadian eh.
>
> I think they don't have a Kudlow over there is the problem. They
> are much more realistic.:-)
>
> Maybe we could send them our Kudlow for a couple of years.

Crazy P/E Ratios

@JasonC:

"Because authorities have decided to indulge a populist desire to slaughter the banks out of envy and resentment."

Huh?? Wrong! The authorities have decided to BAIL OUT the banks at populist expense!!! You, sir, are an idiot and have it exactly BACKWARDS!!

"Support capitalists or you have no capital. Law of nature, not up for discussion."

Yeah, the way to support capitalists is to LET FREE MARKETS WORK. Not to socialize the downside. Again, you have it backwards. The authorities right now are tampering in a bad way with capitalism -- they are taking out those who were wise at the knees: a) by making them help pay for the failures of the unwise, b) by artificially inducing pricing that reneges the value of their wisdom to wait for market correction before buying in. This is NOT conducive to capitalism for the long haul -- it teaches the wrong lesson to the unwise, and punishes the wise.

Try again another time.

Nuclear Winter Pick - Cramer's Mad Money (9/24/08)

@2wheelrider:

"But the fact remains, the economy needs liquidity and the best proposal so far has been the $700B TARP plan."

No. The best plan has been insuring the debt, not buying it. And massive cuts in government and taxes.

Contrarian Indicator: Analyst Buy Ratings

Geez. This is meaningless. Reasons for the analyst ratings are not taken into account. The most obvious reason why following this piece could blow up on you is that for stocks way up on the year, the reason for an analyst saying "sell" could be that they feel it is overbought! And on the other end, they could feel that for those way down on the year, they are a "buy" because they are oversold! C'mon...these "contrarian" charts are overly simplistic! Anyone who goes by these will get slaughtered!