This is why you need regulations

(Chinese girl falls through sinkhole in sidewalk, The Young Turks)

The panel says if there weren't any regulations you wouldn't be able to sue anyone for injuries, so we need regulations. It's like a dunce convention.

They sound like complete idiots here, riffing cluelessly about taxes and tax deductions:

(Jon Lovitz: Obama Is A F**king-A**hole)

They can't wrap their heads around Lovitz (and most rich guys) paying close to 50% marginal rate. It comes out like all the liberal tax- myths chained together.

They don't even understand that Romney gets CAPITAL GAINS. Romney could park it all in municipal bonds and pay ZERO federal tax for that matter. Instead, he's risking his money in enterprises that provide jobs. Bad Mitt, naughty Mitt.

This video illustrates the problem with real dialogue in America today--these people really believe that mythical rich people are skating, and that comes anywhere close to paying for 0bama's spending if corrected. And who's their source for this misinformation? 0bama, who's running around the country shouting it.

(P.S. What's with the screwy captions at the bottom of these videos? Looks like some sort of automatic transcript.)

-- Cheers, James Arthur

You can't regulate against hidden sink holes.

watch?v=3DTw156fNDLGo

1&v=3DQAkmGOKXQ3c

Actually, the dividend income he gets is taxed at the 15% capital gains rate. Romney is getting regular dividend income, but one of Dubbya's little gifts to the rich means that he's paying on 15% on that income

Probably not. He'd have to sell the interests that are paying him the dividends - and I'm not sure that he could - and invest the cash in municipal bonds, which would probably leave him with a lot less income (if entirely tax free).

He took the risks years ago. He's now out of the business and living off his successors' enterprise. Not naughty, but scarcely enterprising.

-- Bill Sloman, Nijmegen

It hasn't been determined that is a sink hole. In any event, look at how the concrete crumbled. The failure was very localized. Probably insufficient mixing of materials.

Romney has ordinary income too. Not much, just pocket change. A bit less that $400k for his wonderful oratory.

However, he gives money to charity to offset the ordinary income. Well, make that he gives money to the Mormon church. No church is a charity in my opinion. They should all be taxed.

Now if everyone has the same opportunity to dodge taxes like Romney, why isn't Lovitz taking advantage of it?

Incidentally I saw Lovitz in Vegas. He sucked.

a broken water pipe that washes the sand away through a hole in a sewage line can do it

though what ever it was one the top can't have been very strong, usually it's it a car or something that breaks through when that happens

-Lasse

The company that made the money to pay the dividends paid 35% income tax BEFORE the dividends. So the feds are taking 50% of Romney's dividend money. How much is enough, 50%, 60% 90% 150%?

--
Chisolm
Republic of Texas

I got a kick out of the cabbie who runs over to the edge of the hole and looks down in it. How large is the sinkhole under the pavement? How does he know that the edge is safe to stand on?

Just the other day, I watched a couple of linemen from our local power company open the hatch on a cable vault. Then they proceeded to stand there and yak, while pedestrians walked by. No barricades or anything in place. Some unsuspecting person could easily have walked up behind them and landed on top of whatever equipment is down there (a 12.47 kV system).

--
Paul Hovnanian     mailto:Paul@Hovnanian.com
------------------------------------------------------------------
Diplomacy is the art of saying "nice doggy" while looking for a rock.

Only if they've got inept tax accountants or ineffective lobbyists. The corporation tax rate in the US is 35%, one of the highest rates in the civilised world, but the US collection rate is a lot lower than

35% - there are loads of corporate tax loopholes.

60% is popular at that kind of income level.

-- Bill Sloman, Nijmegen

The woman looks like a featherweight, yet all those guys can stand on the edge of the hole to rescue her. That is what makes it seem like a localized defect to me.

To keep it on topic, you get crystal defects in silicon wafer too!