Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunder

[Melensdad]

Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunder

Watch as OWS protestors has a mental melt down....
[ame="http://www.youtube.com/watch?v=EDMwVPtvp94"]"Economic Justice" = Collective Immorality = Legalized Plunder = "Enjoy your YouTube channel" - YouTube[/ame]

"Is there any point at which a majority becomes capable of doing things that would be immoral for an individual to do?"

 

[SShepherd]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

yet another idiot.........

 

[Melensdad]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

yet another idiot.........

It is amazing to watch people as they step through the process of seeing the illogic of their ways.

 

[AAUTOFAB1]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

you could actually see the hamster wheel turning in his head,he finally walked away and I'll bet he may have a headache

 

[SShepherd]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

you could actually see the hamster wheel turning in his head,he finally walked away and I'll bet he may have a headache

and what's worse is he saw the hamster....and the logical direction it was headed, and got off the wheel

 

[Melensdad]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

and what's worse is he saw the hamster....and the logical direction it was headed, and got off the wheel

That is just it, they see that they are crazy but still can't admit it

 

[fogtender]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

The majority of the people that are getting interviewed aren't much brighter than this guy was. They mill around waiting for something to happen or told to do something for the "Cause" and they will blindly follow.

Just sad and scary at the same time....

As of yet, I Haven't seen anyone whom has lost their job and are truely down and out, there is a lot that have taken a leave of absence to be there, or just out of college, but not those that really need help...

These people truely want to overthrow the government... And Obama openly endorses them...

 

[pirate_girl]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

I have come to think that 90% of them are lost souls with no direction and nothing better to do.
The problem is, there ARE some oldsters amongst the fools who truly think there is a defining moment and purpose to all of this.

The Vietnam era people, those who protested during the Nixon administration.
Those folks were and possibly still are concerned about the country going on it's ear.
That said, it's all becoming quite tiresome.

 

[Catavenger]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

Many people don't seem to realize the difference between a Republic & a Democracy & they do not realize that USA was intended to be a Republic.

 

[SShepherd]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

actually, this is a pretty good example of people as a whole. You have a few who started it, and probably are pretty intelligent but lack a goal and focus. Then there's the rest who just follow them around and mumble mindlesss banter, it sounds like baaaaaaa.
Maybe it should be called the 89%

 

[Melensdad]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

And this is what happens when a Libertarian member shows up . . .


[ame="http://www.youtube.com/watch?v=lpPoGkwx6OE&feature=related"]Anarcho-Capitalism at #OWS - YouTube[/ame]

 

[jpr62902]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

One thing that caught my eye in the second vid was a protestor with a sign that reads, "I pay more taxes then GE."

Maybe. But what about GE shareholders? GE has about 10.3 billion shares of common stock outstanding. The dividend is $.60 per share. That's $6,000,000,000.00 of income taxed at the regular tax rate. Assuming an average tax rate of 25%, that's 1.5 billion in taxes paid by GE shareholders on their dividends.

 

[joec]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

One thing that caught my eye in the second vid was a protestor with a sign that reads, "I pay more taxes then GE."

Maybe. But what about GE shareholders? GE has about 10.3 billion shares of common stock outstanding. The dividend is $.60 per share. That's $6,000,000,000.00 of income taxed at the regular tax rate. Assuming an average tax rate of 25%, that's 1.5 billion in taxes paid by GE shareholders on their dividends.

Doesn't stock dividends come under the capital gains tax? If so I understand it is 15% and often lower. I'm asking not challenging it.

 

[jpr62902]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

Doesn't stock dividends come under the capital gains tax? If so I understand it is 15% and often lower. I'm asking not challenging it.

No, dividends are not capital gains and are taxed at the same rate as ordinary income (IIRC).

 

[joec]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

No, dividends are not capital gains and are taxed at the same rate as ordinary income (IIRC).

OK thanks jpr, so what is capital gains on? I was always under the assumption it was on money invested which to me included dividends.

 

[jimbo]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

Dividends are the distribution of profits. Capital gains (or losses) are the difference between the price at which you purchased an investment and the price at which you sell.

 

[joec]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

Dividends are the distribution of profits. Capital gains (or losses) are the difference between the price at which you purchased an investment and the price at which you sell.

So we are talking semantics then? One has a tax rate of 15% the other 25% but both are investments in a company for example. Are they done differently like bonds compared to stocks? I really am trying to figure out were the line between the investment is drawn.

 

[jimbo]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

What is semantic about the difference between capital gains and profits? They are different and are taxed different.

Using your own situation as an example. The income you derive from salary is ordinary income and is taxed as such. So to are any bonuses. Also in your case the market value of the living quarters. So to are any dividends from the profits. However, if you sell your storage business the difference between your original cost + any improvements made (the cost basis) and the sales price is capital gains.

If you purchase a stock at a dollar and then sell it a year later at 2 dollars, then you would have a capital gain of a dollar and would pay taxes accordingly.

Understand that if a dividend distribution is declared, that money will be taxed twice, once to the corporation as profits, and once by the stockholder.

 

[joec]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

What is semantic about the difference between capital gains and profits? They are different and are taxed different.

Using your own situation as an example. The income you derive from salary is ordinary income and is taxed as such. So to are any bonuses. Also in your case the market value of the living quarters. So to are any dividends from the profits. However, if you sell your storage business the difference between the sale price and any improvements made and the sales price is capital gains.

Understand that if a dividend distribution is declared, that money will be taxed twice, once to the corporation as profits, and once by the stockholder.

Thanks Jim that made it clearer to me, I think. It has always been something that was a bit confusing to me. Both could be a profit, but have different tax rates as one is considered a second tax on something already taxed for. Do I have it now?

 

[waybomb]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

Thanks Jim that made it clearer to me, I think. It has always been something that was a bit confusing to me. Both could be a profit, but have different tax rates as one is considered a second tax on something already taxed for. Do I have it now?

Define Capital as in physical asset, then add the word gains to it. Means from sale of an asset. Income is profit from continuing operations.

 

[joec]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

Define Capital as in physical asset, then add the word gains to it. Means from sale of an asset. Income is profit from continuing operations.

Isn't that what I said? Wouldn't both be considered a profit or lose for that matter? Again just asking as it is something that is a bit confusing in our tax laws to me.

 

[waybomb]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

The English language is a funny thing. And then the govt gets involved and makes it a mystery. In the simplest terms, yes Joe, both are proift. But in the govt's eyes, at least the IRS part of the govt, a profit on the sale of an asset is a capital gain, not a profit. Profit from operations is income, not profit. It's not called a profit statement, it's called an income statement. Yes, semantics.

 

[joec]

Re: Occupy Wall Street: "Economic Justice" = Collective Immorality = Legalized Plunde

The English language is a funny thing. And then the govt gets involved and makes it a mystery. In the simplest terms, yes Joe, both are proift. But in the govt's eyes, at least the IRS part of the govt, a profit on the sale of an asset is a capital gain, not a profit. Profit from operations is income, not profit. It's not called a profit statement, it's called an income statement. Yes, semantics.

Thanks waybomb that is what I thought.