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  • #61
    Originally posted by Captain ******* Kirk View Post
    It's not hard to make it progressive; just give people cash handouts equal to the tax they would pay at a certain dollar amount of consumption (the poverty line, for example). Much more efficient and better at reducing wealth inequality than our current income tax system.
    Fair Tax
    "Just puttin on the foil" - Jeff Hanson

    “In a democracy, I realize you don’t need to talk to the top leader to know how the country feels. When I go to a dictatorship, I only have to talk to one person and that’s the dictator, because he speaks for all the people.” - Jimmy Carter

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    • #62
      Originally posted by KrazyHorse View Post
      From the figures in that presentation, the mean net worth of the 1% is only 7 million dollars. What is so shocking about that?
      The shocking part is the mean net worth of the 99% that remains, silly.
      In Soviet Russia, Fake borises YOU.

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      • #63
        In terms of net worth, how is a house with a mortgage dealt with?
        No, I did not steal that from somebody on Something Awful.

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        • #64
          A mortgage is obviously a liability.
          In Soviet Russia, Fake borises YOU.

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          • #65
            Are the houses considered an asset for net worth, or are they considered the property of the bank for the purposes of the calculation?
            No, I did not steal that from somebody on Something Awful.

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            • #66
              Why this question?

              The house is an asset, the mortgage is a liability.
              In Soviet Russia, Fake borises YOU.

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              • #67
                Originally posted by The Mad Monk View Post
                Are the houses considered an asset for net worth, or are they considered the property of the bank for the purposes of the calculation?
                I think it's the former. If someone owes $100k and they own a house worth $200k then they have $100k in net worth. The $100k they owe is part of the net worth of the bank's shareholders.

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                • #68
                  that's what I thought. thanks.
                  No, I did not steal that from somebody on Something Awful.

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                  • #69
                    Originally posted by gribbler View Post
                    You weren't pointing out any "flaws". You just took someone's post too literally and then wrote a long winded and boring rebuttal to your interpretation of what they posted.
                    Be nice. It's not his fault.
                    I'm sorry, I can't hear you over the sound of how awesome I am.

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                    • #70
                      Originally posted by Sava View Post
                      Drake was happy to be my punching bag.
                      QFT
                      I'm sorry, I can't hear you over the sound of how awesome I am.

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                      • #71
                        Originally posted by Captain ******* Kirk View Post
                        I don't think means testing Medicare so we're not giving free healthcare to wealthy seniors who don't need the help is going to lead to breadlines.
                        it aint free, but it is a subsidy

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