Still pretty vague sounding. It's not like it prevents constitutional challenges to this act, though.

 

Yeah, I have no problem with it. The consequences of stopping the use of these seeds with little notice would be tremendous. It doesn't prevent the legal challenge, just prevents the court from banning its use during the proceedings. IMO, we will never find a decent shred of evidence against GMO farming.

 

There are still some concerns about how Monsanto conducts business, but I fully believe that genetically modifying crops is not something that will come back and bite us and very well may actually be something that saves/extends the life of humanity.

Economy built for profits not prosperity

 

That is what outsourcing and streamlining productivity are all about.

 

Then you tax those that profit from this in capital gains tax and give the money to the middle and lower class workers that have been replaced via federal assistance programs.

That is what outsourcing and streamlining productivity are all about.

 

Then you tax those that profit from this in capital gains tax and give the money to the middle and lower class workers that have been replaced via federal assistance programs.

Which is why we've slashed capital gains taxes over the past few decades, to make sure that doesn't happen.

Which is why we've slashed capital gains taxes over the past few decades, to make sure that doesn't happen.

 

I didn't say it was actually being done.

 

 

Which is why we've slashed capital gains taxes over the past few decades, to make sure that doesn't happen.

 

That's not really true, but what's the point in trying to have this conversation with anyone anymore?

That's not really true, but what's the point in trying to have this conversation with anyone anymore?

WTF? The capital gains tax rate was cut from nearly 30% in the late 90's to just over 20%, and then to about 15% in the Bush 2003 tax cut package, and that rate was extended in the fiscal cliff deal. Since 2003 it is at the lowest level post-war.

 

Yeah, what's the point of having a conversation with a person when they insist that 15% > 30%?

WTF? The capital gains tax rate was cut from nearly 30% in the late 90's to just over 20%, and then to about 15% in the Bush 2003 tax cut package, and that rate was extended in the fiscal cliff deal. Since 2003 it is at the lowest level post-war.

 

Yeah, what's the point of having a conversation with a person when they insist that 15% > 30%?

 

I wasn't talking about the cap gains rate being low, I was talking about the reason you cited it wouldn't happen.

 

First, the low capital gains rate only applies to long term holdings, which are > 365 days. To anyone that actually invests long term, it should be lower than the rate of income taxes, at least, to a point. I'm not saying they shouldn't impose a higher long term cap gains tax on gains over a certain amount, but for the rest of us, it's important that it's lower for a few reasons. Namely, it's risky to invest long term and it ties your money up into an investment for greater than a year, etc.

 

Cap gains rate on anything less than 1 year is taxed at the same rate as ordinary income.

 

People tend to just say "the cap gains tax is only 15%", when they actually mean long-term capital gains. Most people don't even know there is a difference.

Edited March 29, 201313 yr by Y2HH

Well that's pretty depressing:

 

http://www.infowars.com/mega-rich-withdrew...before-looting/

 

Kinda like here. Middle class gets f***ed.

gonna wait for something more reliable than infowars

Probably fair, though it's clear that money did leave the country after the banks were supposed to be closed. I'm guessing that's due to some connections between a banker and rich folks and not a banker and the guy with 105K in the bank.

Something tells me Illinois is not on the list...

 

http://www.thedailybeast.com/articles/2013...th-to-come.html

 

 

Unemployment in the Euro Zone reaches new record highs

 

http://www.nytimes.com/2013/04/03/business...percent.html?hp

Jobless claims crept upwards to 384k this week, and now it's reported that the economy only added 88k jobs last month, half of what was expected.

 

http://online.wsj.com/article/SB1000142412...1558802706.html

Anyone hear about the leak of financial data on offshore accounts?

Anyone hear about the leak of financial data on offshore accounts?

 

No, what's this you speak of?

No, what's this you speak of?

http://www.icij.org/offshore

 

It was originally on one of the left-leaning political sites I go to but now it's on the washington post and this link comes from there.

http://www.icij.org/offshore

 

It was originally on one of the left-leaning political sites I go to but now it's on the washington post and this link comes from there.

 

Is this really surprising, though? I thought everyone already knew this.

Is this really surprising, though? I thought everyone already knew this.

No, I think it's noteworthy because of the specificity of it. I don't know that there has been a massive document leak like this before.

We need more austerity.

We need more austerity.

 

 

No. We need more Obamanomics. Clearly it's working. More of the same.

No. We need more Obamanomics. Clearly it's working. More of the same.

Keynes rules!

 

We should, it's not like its been tried since the republicans took the house and started manufacturing crises

Jobless claims crept upwards to 384k this week, and now it's reported that the economy only added 88k jobs last month, half of what was expected.

 

http://online.wsj.com/article/SB1000142412...1558802706.html

 

Workforce participation down to 63.3%, the lowest since 1979.

Yup. It was probably a really, really dumb idea to scale back government spending and let huge numbers of government employees get laid off, having the government be a huge drag on the economy instead of a booster for it.

Yup. It was probably a really, really dumb idea to scale back government spending and let huge numbers of government employees get laid off, having the government be a huge drag on the economy instead of a booster for it.

 

Except the numbers aren't there. They are in the ranks of disability and social security add ons.