MadCapitalist’s Activity

Sun Oct 14

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Boards Post

MadCapitalist replied to the Macro Economic Trends and Risks board. 4:11 PM

Re: Billionaire Tax Cuts

The biggest culprit? Entitlement spending, obviously.

I take it you refer to Corporate entitlement? I mean it is commas more than individual entitlement.


Holy moly. Seriously? So called "Human Resources" (see [more]

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Boards Post

MadCapitalist replied to the Retire Early CampFIRE board. 3:56 PM

Re: Republicans = Stock Market Collapse

Government policies didn't force those firms to invest in risky derivatives, which are what caused the crash.
------'
Government policies didn't force them. They just created a system that gave the firms incentives to do
[more]

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MadCapitalist replied to the Retire Early CampFIRE board. 2:06 PM

Re: Those 'tolerant' liberals - nothing

Yes, it's quite possible that the violence of the left will contribute to the success or Republicans in the upcoming election.

They assess their actions the same way that they assess their government policies -- on [more]

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MadCapitalist replied to the Retire Early CampFIRE board. 11:58 AM

Re: Republicans = Stock Market Collapse

You really have no idea what you're talking about. Government policies didn't force those firms to invest in risky derivatives, which are what caused the crash.

Government policies didn't force them. They [more]

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Boards Post

MadCapitalist replied to the Macro Economic Trends and Risks board. 11:56 AM

Re: Billionaire Tax Cuts

It is abundantly obvious that the tax revenue from the late 90s was not sustainable.

I don't think maintaining an adequate level of revenue is unsustainable, as long as discipline is maintained.


That's the [more]

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MadCapitalist replied to the Retire Early CampFIRE board. 11:48 AM

Re: Those 'tolerant' liberals - nothing

Liberals used to limit their self-righteousness to the verbal, but ... they began physical harassment and violence.

Yesterday you said we were delicate snowflakes, and now we're dangerous thugs. You need to pick a theme and
[more]

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Boards Post

MadCapitalist replied to the Retire Early CampFIRE board. 11:41 AM

Re: Dog kills child in Alvin TX

What can you say? They dog never attacked anyone before? Pit bull mix.....

t.


You are definitely not "fair and balanced" in your reporting.


Pit bull hit by car on Long Island may have saved [more]

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Boards Post

MadCapitalist replied to the Berkshire Hathaway board. 9:23 AM

Re: Berkshire/Buffett/Munger on Climate Change

"It will be interesting to see how many years go by before Buffett says that climate change is producing more frequent or more costly hurricanes; or is producing more of other weather-related events covered by [more]

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MadCapitalist replied to the Berkshire Hathaway board. 9:00 AM

Re: Correction

The best thing that could happen to BRK is much higher interest rates and a 50% market correction. It's why I have BRK in my portfolio and a little Fairfax too. Lower prices are to be celebrated.

Here is a Buffett quote [more]

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Boards Post

MadCapitalist replied to the Macro Economic Trends and Risks board. 8:52 AM

Re: Billionaire Tax Cuts

Tax Increases Won’t Eliminate Our Budget Deficits

After the tax increase of 93, the annual deficit started to shrink.

And, when tax revenue was 9.4% of GDP during the 97-02 span, with the top marginal rate at 39.6%,
[more]

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Boards Post

MadCapitalist replied to the Macro Economic Trends and Risks board. 8:26 AM

Re: Billionaire Tax Cuts

I posted proof and yet you still deny it. That's why you are on my ignore list.

Bad move, MadCapitalist, Tim tried that with me and I continue to respond to his posts whenever I read something he's written that is wrong or
[more]

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Boards Post

MadCapitalist replied to the Retire Early CampFIRE board. 8:12 AM

Re: Republicans = Stock Market Collapse

All I know is that economies do better when there is greater economic freedom.

"More freedom" led to the crash of 2008.


Massive government intervention led to the crash of 2008.

Here is a good [more]

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Boards Post

MadCapitalist replied to the Retire Early CampFIRE board. 7:54 AM

Re: Those 'tolerant' liberals - nothing but

Liberals are extremely tolerant -- unless you have different values, beliefs, and viewpoints. That is what they won't tolerate.

They used to limit their self-righteousness to the verbal, but since they were unable to convince people that [more]

Sat Oct 13

NL

Boards Post

MadCapitalist replied to the Retire Early CampFIRE board. 10:50 AM

Re: Republicans = Stock Market Collapse

<Or the market is anticipating that Democrats will pick up more Congressional seats in November.>

Are you telling me that this guy is a draft-dodger and serial adulterer, who also doesn't know anything about
[more]

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Boards Post

MadCapitalist replied to the Macro Economic Trends and Risks board. 10:16 AM

Re: Billionaire Tax Cuts

"By the way, did you know that individual income tax revenue as a percentage of GDP *increased* after the so-called "Reagan tax cuts"?

That is a bald faced lie.


lol. I posted proof and yet you still deny [more]

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Boards Post

MadCapitalist replied to the Macro Economic Trends and Risks board. 10:14 AM

Re: Billionaire Tax Cuts

The average income tax revenue as a percentage of GDP for the fiscal years 1951 thru 1981 (before the Reagan tax cuts) was 7.7%.

Of course, for most of that period, the Federal budget was pretty close to balanced, so the government
[more]

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MadCapitalist replied to the Macro Economic Trends and Risks board. 8:24 AM

Re: Billionaire Tax Cuts

As the article states, the GOP is likely to be voted out of power in 3 weeks, so they won't get the chance to realize Paul Ryan's wet dream. Eventually the billionaire tax cuts will get clawed back and Medicare funding will be restored [more]

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Boards Post

MadCapitalist replied to the Macro Economic Trends and Risks board. 8:18 AM

Re: Billionaire Tax Cuts

While we are at it, lets consider the impact of the tax cuts of 2001 and 2003 on revenue as a percent of GDP.

[more]

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Boards Post

MadCapitalist replied to the Macro Economic Trends and Risks board. 7:59 AM

Re: Billionaire Tax Cuts

You are wrong. The first Reagan tax cut was the Economic Recovery Tax Act of 1981:

Just to be pedantic, the table you linked to shows exactly what I posted for the 82-86 and 88-90 periods. The 87-88 tax cuts did *not* result in an
[more]

Fri Oct 12

NL

Boards Post

MadCapitalist replied to the Macro Economic Trends and Risks board. 4:05 PM

Re: Billionaire Tax Cuts

MadCapitalist writes,

I was simply exposing the inaccuracy of intercst's assertion that "Of course, for the average person, if billionaires pay less tax, then you gotta pay more to make up the
[more]

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