On the Armenian GenocideFollow

"Now, my caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested." - Ron Whitey

I only make a moderate income, and I already feel I have too much money sitting in a bank. It does very little for me, other than piece of mind . I really doubt that the people perceived as the problem with capital gains taxes are actually "banking" that money. Pretty sure they are already full on the bank portion of their wealth.

They don't. The reinvest it like gbaji says. But even if they did, where do people think banks get the money to lend for mortgages, loans etc?

And a zero return investment as well, unless interest rates get a boost.

My point was that the rich having that money in bank accounts doesn't hurt either as it allows others to borrow from banks so its still moving the economy along. Not that it matters because the rich don't leave the bulk of their money in bank accounts.

Also, **** angrymnk and taxing anything at 100%.

And? First off, that still has an economic effect (someone built that mansion and jet, right? Many someone's are employed maintaining that mansion and jet, right?). It's not "idle money". Secondly, this is a relative statement. The greater the wealth an individual has, the higher the percentage of that wealth will be put into investment rather than direct consumption.

The point is that the money isn't just sitting around doing nothing.



Which is always in the form of investment. Unless one is really dumb, I suppose.



And that's bad how? So in your perfect world no one would have enough wealth to be able to afford to donate to any cause? That seems counter productive. Where would you put the limit on wealth?



And?



Again. And? I'm struggling to find your point here.



What percentage of the average riich person's wealth do you honestly think is in a bank account? Seriously? They don't "bank it" anymore than you do. In fact, as a percentage of their wealth, they "bank it" far less than you do.



How the heck did you get from "is there a benefit to having capital gains tax rates lower than income tax rates" to this? I'm also curious how you think changing the rates would have any impact on the degree to which the rich might engage in such behaviors anyway? Geez! At least try to make some sort of sense.



Wait. So now arguing for a low capital gains tax rate is the equivalent of hatred for my fellow man? Hysterical much?

No. All your other "***** the poor" with the addition of "the rich shouldnt pay taxes like everyone else" added to it does.

Satan.

Bitch, you're single.

I dislike people in general, so... if being single is the price I pay for my gradual wealth, I guess I can accept it.

Though, as my cousins are now finally reaching adulthood (I was the oldest grandchild, by 10-12 years or so) and having children, each time my mother gets a new nephew or niece, she look at me, wondering why she isn't a Grandmother yet.

And each time I think about it, I realize that I'm 34 years old, at my age, my mother already had me going into College... and at my age, my Grandmother found out she was going to be a Grandmother, with my mother pregnant with me. And here I still feel like a kid. Very little responsibility outside of work and taking care of myself and my property (A long family history of teenage pregnancies ended with me.)

Edited, Apr 6th 2018 6:32pm by TirithRR

Here's why you're wrong:

Because your society desires Brooding


Sorry for that reply. I meant to type that and do other typing stuff but bam--accidentally hit a tab or capslock or something.


But yeah, society dotes upon mamas and papas and ***** over single humans, same or more or at least akin to their other doting on Military People. Military discount on the local all-you-can-eat. Military preference for housing. And other CRAP.

**** vets. And **** family units who gain favors too.


A single lad or lass who has never been a soldier is utterly ******* In this society of raining gold upon vets and breeding couples.


Again sorry for even this reply. Drunk! But I mean, all the benefits of "vets" is sickening.

Idiots signed up and went to war not for our country, yet still killed a lot of people, great job, here's money. Benefits. Me, a person who never murdered any foreigner for dubious reasons, has to stand aside for seconds while this VET has a quick line-jumping thing. And 10% of if you show your VET STATUS. Etc. Grrr. **** Vets.

Edited, Apr 9th 2018 2:48am by Palpitus1

Edited, Apr 9th 2018 3:49am by Palpitus1

Maybe if you hadn't been wrapping them in in fireworks we wouldn't have mistaken it for a terrorist.

I dunno, I wouldn't put mass murder beyond the reach of your average PTA committee member. There's a lot of rage and fury caged up there ready to explode.

Sigh, this always happens to pool land.

Now Jophiel won't share any pirogies with you.

Edited, Apr 10th 2018 10:45am by Timelordwho