Former Fed Chair Paul Volcker: ‘We’re in a Hell of a Mess’
“The central issue is we’re developing into a plutocracy,” Volcker told the Times. “We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive. And they don’t like government, and they don’t like to pay taxes.”
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Most of the Billionaires I hear about all support higher taxes and the Rats.Gwad said:https://fortune.com/2018/10/23/former-fed-chair-paul-volcker-were-in-a-hell-of-a-mess/
“The central issue is we’re developing into a plutocracy,” Volcker told the Times. “We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive. And they don’t like government, and they don’t like to pay taxes.” -
People should get rich the old fashioned way - being a government lifer and collecting money from foreign countries
https://albrightstonebridge.com/regions/china
ASG's China practice is the firm’s largest single country practice. With full-time senior-level professionals based in Beijing, Shanghai, and Washington, DC, our team of over 30 professionals supports clients across a wide variety of sectors.
The practice includes trade and policy experts, former high-level U.S. and Chinese government officials and diplomats, executives with significant work experience in China, and dedicated analysts in the field of U.S.-China relations.
We work to create allies within the Chinese system through an approach that emphasizes systematic engagement with agencies and non-government stakeholders at the central, provincial, and local levels. We offer the agility, insights, and practical support to overcome challenges and build a strategic approach to help clients thrive for the long term in greater China, including Taiwan and Hong Kong.
Examples of our work in China
Entering Chinese market through acquisition
Global: Political Due Diligence
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Global: Creating Shared Value
Lifting regulatory restrictions to expand market presence in China
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Minimizing reputational impact of market exit in China
Raising positive profile and investor interest in China
Assessing reputational and regulatory risks in China
Albright Stonebridge Group (ASG) is a global business strategy firm based in Washington, D.C., United States. It was created in 2009 through the merger of international consulting firms The Albright Group and Stonebridge International.[1]
The firm advises multinationals, financial institutions, industry associations, and non-profit organizations on a variety of matters including international government relations, market entry and risk assessment, regulatory affairs, stakeholder engagement, partner development, and shared value programs.
ASG is chaired by former U.S. Secretary of State Madeleine Albright and former U.S. Commerce Secretary and Kellogg Company CEO Carlos M. Gutierrez.[2] ASG comprises 180 country and sector experts, including more than 20 former ambassadors and ministers. [3]
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End the Fed
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I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
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You want to tax rich people make the corporate tax rate nominal and tax dividends as income.
And watch all the lawyers scream... -
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
Pathetic2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
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Kyle sounds like a loser
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Weren't you just bragging about advantages buying your truck and on taxes because you flip burgers?2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
Yup I sure was. That's why I payer a lower tax rate than you as mall cop. Yes I'm actually advocating a system that would not benefit me personally.Sledog said:
Weren't you just bragging about advantages buying your truck and on taxes because you flip burgers?2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
I know, facts bother you.RaceBannon said:
Pathetic2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
Proof it takes one to know one.RaceBannon said:Kyle sounds like a loser
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You did quote him so that checks outGwad said:
Proof it takes one to know one.RaceBannon said:Kyle sounds like a loser
Do you covet your neighbor's wife too? -
Trump doesn't pay taxes? Facts?2001400ex said:
I know, facts bother you.RaceBannon said:
Pathetic2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
It’s against the law to write of things for personal use.2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.
HTH -
anybody can write off a yacht and an airplane if writing off personal shit is legal2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
They are "business expenses". The bar isn't hard to get there.LebamDawg said:
anybody can write off a yacht and an airplane if writing off personal shit is legal2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
You saw his previous tax return. Your eyes are as good as mine.RaceBannon said:
Trump doesn't pay taxes? Facts?2001400ex said:
I know, facts bother you.RaceBannon said:
Pathetic2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
Hondo is a tax cheat. Good to know2001400ex said:
They are "business expenses". The bar isn't hard to get there.LebamDawg said:
anybody can write off a yacht and an airplane if writing off personal shit is legal2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
If this is true then the solution would be to lower the tax rate on the “non wealthy”.2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.
And in fact when tax credits such as the EITC and CTC, then tax rate is lowered substantially to the point of negative in many cases. -
You don't read well. I didn't expect you to understand anyway.MikeDamone said:
Hondo is a tax cheat. Good to know2001400ex said:
They are "business expenses". The bar isn't hard to get there.LebamDawg said:
anybody can write off a yacht and an airplane if writing off personal shit is legal2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
I read perfectly. You fudge your personal expenses as business expenses and are a tax cheat. I expect nothing less from a lying leftist like you.2001400ex said:
You don't read well. I didn't expect you to understand anyway.MikeDamone said:
Hondo is a tax cheat. Good to know2001400ex said:
They are "business expenses". The bar isn't hard to get there.LebamDawg said:
anybody can write off a yacht and an airplane if writing off personal shit is legal2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.
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“The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 … Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.”.—Milton Friedman , Two Lucky People, 233MikeDamone said:End the Fed
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^thisYellowSnow said:
“The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 … Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.”.—Milton Friedman , Two Lucky People, 233MikeDamone said:End the Fed
Of course HondoBros think it was caused by “capitalism” -
I actually like Volcker a lot and he did his country a great service, albeit with some short term misery to break the cycle of stagflation.MikeDamone said:
^thisYellowSnow said:
“The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 … Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.”.—Milton Friedman , Two Lucky People, 233MikeDamone said:End the Fed
Of course HondoBros think it was caused by “capitalism”
I could get behind the idea though of ending the Fed and just going with some sort of formula like Friedman advocated to keep the supply of money flowing at the optimal amount. Obviously, in 1929 - 33 we should have opened the spigot. -
Thanks for making my point little man.MikeDamone said:
I read perfectly. You fudge your personal expenses as business expenses and are a tax cheat. I expect nothing less from a lying leftist like you.2001400ex said:
You don't read well. I didn't expect you to understand anyway.MikeDamone said:
Hondo is a tax cheat. Good to know2001400ex said:
They are "business expenses". The bar isn't hard to get there.LebamDawg said:
anybody can write off a yacht and an airplane if writing off personal shit is legal2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be. -
The point that you’re a tax cheat? Got it?2001400ex said:
Thanks for making my point little man.MikeDamone said:
I read perfectly. You fudge your personal expenses as business expenses and are a tax cheat. I expect nothing less from a lying leftist like you.2001400ex said:
You don't read well. I didn't expect you to understand anyway.MikeDamone said:
Hondo is a tax cheat. Good to know2001400ex said:
They are "business expenses". The bar isn't hard to get there.LebamDawg said:
anybody can write off a yacht and an airplane if writing off personal shit is legal2001400ex said:
See Trump, Donald.Fenderbender123 said:I'm still waiting to see solid examples of rich people not paying taxes. All I ever see are intentionally misleading examples that play language games and/or examples that lack context to fit the narrative.
Also, most of the information is that wealthy people pay a lower tax rate. And they get to write off personal shit like airplanes and yatchs. So their taxable income is lower than it otherwise would be.
Dip shit
