Not again
- Thread starter 79eer
- Start date
“The economic fallout of a Donald Trump presidency will probably be severe and widespread enough to plunge the world into recession, New York Times columnist Paul Krugman warned in a New York Times opinion piece published early Wednesday.
Calling Trump the "mother of all adverse effects," the Nobel Prize-winning economist predicted that the GOP nominee's administration could quickly undo the progress that the markets around the world have made in the eight years since the financial crisis”. Politico Nov. 11, 2016
.............. and the Libs can’t figure out why they have become a laughing stock. Is this a great country or what !!!
Calling Trump the "mother of all adverse effects," the Nobel Prize-winning economist predicted that the GOP nominee's administration could quickly undo the progress that the markets around the world have made in the eight years since the financial crisis”. Politico Nov. 11, 2016
.............. and the Libs can’t figure out why they have become a laughing stock. Is this a great country or what !!!
If you own stocks are you sending in your extra money to help the poor, the thirsty, the hungry, the medically indigent or starving college kids? How about paying down the debt or a "carbon tax" to control your portion of CO2 air pollution?
Probably not. Oh but you are willing to vote for some income redistributionist and give them the power through Government confiscation of someone else's income to pay for all of that right?
What happened to MYOB?
007 for as long as you've been dutifully pointing out the lunacy of Leftists posting on this forum I know you are aren't surprised when they display their ongoing economic ignorance.
Why would someone who owns a mortgage on a house actually vote Democrat? Seems to me to be a much more perplexing question, I'm not even sure Leftists who vote Democrat know the real answer?
Think about it a minute. In order to own a mortgage you have to have a reliable, steady and somewhat lucrative income. That income has to be at a certain level high enough to afford the mortgage and what you probably would like be able to to put in the house to make living in it worth your hard work and effort correct?
OK, so let's say for example you earn enough to qualify for the median price of the average U.S. home today, which is roughly 235K. Figuring standard SMSA & FICO qualifying criteria, you're probably making significantly above the median average US wage earner which off the top my head I believe is roughly 53K per year, in order to qualify for a 235K mortgage. That very likely places you at or near six figures in annual income to meet the standard qualifying criterion for a 235,000 home.
To most Leftist income redistributionists who don't favor an across-the-board "living wage", @ 15.00 an hour... you're probably considered "rich" in which case most of their tax plans want to remove in excess of 40% of your after tax take home pay! In addition, State & local Socialist bloodsuckers in most jurisdictions want to drain your wallet of still more income taxes, property taxes, local option sales taxes, excise taxes, fees, and other income confiscation schemes to where you will be lucky if you get to keep 40% of your after tax earned dollars! So that 85,000-to-100K income you qualified for to buy your 235,000 home has now been reduced to roughly only 45K which forces you to go into debt to make up the difference while your hard earned money is simply taken from you and given away to illegal aliens and worthless Democrat dependent "underprivileged" freeloaders.
Adding insult to injury, you're told night after night by various media propagandists shilling for the Democrat party and by deficit averse Liberals you're not paying your "fair share" of the tax burden while you listen to their cadre of money grubbing Presidential candidates advocate taxing your wealth at rates as high as 90% or greater levels just to give away more "free stuff"! [eyeroll]
Considering all you lose earning enough to own a mortgage, it makes one wonder why should we even bother?
Explaining any of that to a Government educated Leftist, or expecting any sympathy from one of them is an exercise in futility, since most of them think Government should be providing the same type of housing for everyone regardless of their individual incomes or desires. One size fits all...that's the Socialist "Utopian" way! [eyeroll]
My point behind all of this? Why ask "why" of any Leftist when it comes to economics? It's like asking a pre-schooler to explain pro-creation.[winking]
Last edited:
If you would have done that back when your *** was crying about how bad it was you would have made a lot off that trailer.