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Music Industry 2.0 Business and legal strategies for a new beginning

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  #81  
Old March 7th, 2009, 02:00 AM
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Default Re: Growing pushback against "Information wants to be free"

I think that under Obama, the highest bracket will be 37.2%, slightly less that during the Clinton administration during which there was a lot of investment and Wall Street made tons of money. You aren't going to avoid investing and park all of your money in a bank where it earns a tiny bit of interest (in normal times -- these aren't normal times).

People for the most part always want to pay as little taxes as possible, but Wall Street loved the Clinton years. If you had an extremely high top tax rate, people in the top bracket might move away, but 37.2% isn't extremely high.

"But nobby, how would you like it if it you made a million dollars one year and you had to pay $372,000 in income tax?"

Trust me, I would LOVE it!
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  #82  
Old March 7th, 2009, 02:42 AM
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Default Re: Growing pushback against "Information wants to be free"

I'd love it a lot more than if I made $60,000 in the year and paid 25% in taxes.
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  #83  
Old March 7th, 2009, 03:41 AM
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Default Re: Growing pushback against "Information wants to be free"

Who cares what the percent is. The bastards take every last penny.

I make ten times what I made when I started, and I am every single bit as poor.

that's my fault, I know.

dwoz
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  #84  
Old March 7th, 2009, 10:26 PM
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Default Re: Growing pushback against "Information wants to be free"

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Originally Posted by weedywet View Post
people earning more than 1,000,000 isn't "everybody else"

it's a TINY TINY percentage of the public

I want equal IMPACT

in other words - what does a 10% rate mean to the family earning 20,000 a year? How much impact on their life?

I want the multi-millionaire taxed at a rate that has an equivalent impact

THAT would be fair.
Impact is subjective, how would you regulate that?
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  #85  
Old March 7th, 2009, 11:41 PM
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Default Re: Growing pushback against "Information wants to be free"

Just talking about tax rates is an oversimplification.

Tax rates that encourage people to leave their money invested in something productive is very good for society.

Tax rates that encourage wild speculation create exactly the kind of financial chaos we are currently witnessing. A tiny tiny few hustlers got stupid rich while everybody else lost their shirt.
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  #86  
Old March 7th, 2009, 11:48 PM
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Default Re: Growing pushback against "Information wants to be free"

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Originally Posted by Bob Olhsson View Post
Just talking about tax rates is an oversimplification.

Tax rates that encourage people to leave their money invested in something productive is very good for society.

Tax rates that encourage wild speculation create exactly the kind of financial chaos we are currently witnessing. A tiny tiny few hustlers got stupid rich while everybody else lost their shirt.
Yeah! How did moderation get to be such a crazy concept?


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  #87  
Old March 8th, 2009, 12:44 AM
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Default Re: Growing pushback against "Information wants to be free"

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Originally Posted by Bob Olhsson View Post
Tax rates that encourage wild speculation create exactly the kind of financial chaos we are currently witnessing.
How exactly did tax rates cause the current situation?

k
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  #88  
Old March 8th, 2009, 01:14 AM
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Default Re: Growing pushback against "Information wants to be free"

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Originally Posted by dwoz View Post
Who cares what the percent is. The bastards take every last penny.

I make ten times what I made when I started, and I am every single bit as poor.

that's my fault, I know.

dwoz
Ya but look at all the stuff you have now

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  #89  
Old March 8th, 2009, 01:29 AM
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Default Re: Growing pushback against "Information wants to be free"

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Originally Posted by kgderrick View Post
How exactly did tax rates cause the current situation?

k
People shifted a lot of investments into riskier investments simply because you can't tax debt... in the end it just pushed everybody into colossal amounts of debt.
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Most audiophiles could listen to PERFECT pink noise and get just as much enjoyment out of it.
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  #90  
Old March 8th, 2009, 01:42 AM
kgderrick kgderrick is offline
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Default Re: Growing pushback against "Information wants to be free"

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Originally Posted by Zoesch View Post
People shifted a lot of investments into riskier investments simply because you can't tax debt... in the end it just pushed everybody into colossal amounts of debt.
Since the government doesn't tax debt...people went into debt?

k
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  #91  
Old March 8th, 2009, 01:49 AM
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Default Re: Growing pushback against "Information wants to be free"

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Since the government doesn't tax debt...people went into debt?

k
Basically... that's the whole idea for hedge funds and superannuation funds... to defer tax to the last minute and keep reinvesting.

There's more but I just woke up
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Most audiophiles could listen to PERFECT pink noise and get just as much enjoyment out of it.
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  #92  
Old March 8th, 2009, 02:05 AM
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Default Re: Growing pushback against "Information wants to be free"

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Originally Posted by Zoesch View Post
Basically... that's the whole idea for hedge funds and superannuation funds... to defer tax to the last minute and keep reinvesting.
Oh...I'm very aware of hedge funds and the rest, I just don't see those as the prime reason why people accumulated debt. I guess my question was more rhetorical

k
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