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Economy/Business / Re: Biden Calls for Record-High Tax Rate, Just a Few Points Shy of 50%
« Last post by Hoodat on Today at 03:57:29 am »
Quote from: Drago on Today at 03:51:07 am
Perhaps you are thinking of the income tax rate? (That was higher than 44% supposedly, but nobody paid that rate...too many loopholes/deductions).

A Cap Gains rate of 44% would be a record high...see:

https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-capital-gains-rates

Plus Biden's handlers are thinking about an "Unrealized Capitol Gains" tax...your house worth more than you paid for it...you own the gubberment the Cap Gains tax. I am sure the progressives would exempt "non-rich" homeowners, but you get the idea.

Oops.  Sorry, I missed that.  A capital gains tax rate of 44% would be a disaster.  Can you imagine a retiree selling their house and settling in a retirement community rental?  Just like that, 44% of that equity they worked all their life for would be confiscated.
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Climate Change / Re: Ford “Drastically” Cutting EV Lightning Workforce Hours
« Last post by banddag on Today at 03:56:09 am »
Quote from: Hoodat on Today at 03:38:55 am
What a relief.  As long as it is Chile and Bolivia getting hit with the environmental impact, everything must be OK.  But I digress.  Let's assume for a moment that your way is economically superior.  Then why can't you do it without subsidies?  Why do you force working people to pay for things (at the point of a gun) that only benefit the wealthy?

Ha ha I live in a part of the country where hundreds of thousands of acres of was strip mined for coal leaving the ground worthless even after reclaiming. can't build on the soft ground for 40 years or your house will sink into the ground. Ruined wells for good. Longwall mining under  homes -house drops 3 feet on one end-that is were they remove the coal pillars and the ground above drops down 3-5 feet.

Again, as long as other countries are subsidizing their industries if we do not our companies will be at a huge disadvantage.

The ag subsidies do not benefit only the  wealthy. Ag subsidies keep  food prices stable (not looking at inflation)
Without ag subsidies if one year there was a bumper crop of say corn, the  next year farmers would not plant that crop because of the low price leading to a shortage the third  year. One year Milk would be $5 the next year 25 cents. Food would be a roller coaster ride.

The Intel Plant in Columbus Ohio will be 10-14k jobs when done paying on average $135k per year. Almpost all subsidized under the chips act.
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Economy/Business / Re: Biden Calls for Record-High Tax Rate, Just a Few Points Shy of 50%
« Last post by Drago on Today at 03:51:07 am »
Quote from: Hoodat on April 26, 2024, 02:05:42 pm
It won't be a record high.
Perhaps you are thinking of the income tax rate? (That was higher than 44% supposedly, but nobody paid that rate...too many loopholes/deductions).

A Cap Gains rate of 44% would be a record high...see:

https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-capital-gains-rates

Plus Biden's handlers are thinking about an "Unrealized Capitol Gains" tax...your house worth more than you paid for it...you own the gubberment the Cap Gains tax. I am sure the progressives would exempt "non-rich" homeowners, but you get the idea.
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Elections 2024 / Re: Trump slams RFK Jr. in latest social media rant: ‘Wasted protest vote’
« Last post by Hoodat on Today at 03:46:48 am »
Quote from: Right_in_Virginia on Today at 03:42:25 am
Don't poke the bear, Bobby.

Bobby isn't the one doing the poking here.
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Economy/Business / Re: Fed just flipped. BofA warns of surprise rate hike ~ Reventure Consulting (Video)
« Last post by Hoodat on Today at 03:45:41 am »
Quote from: corbe on April 27, 2024, 06:23:40 pm
Fed just flipped. BofA warns of surprise rate hike.

The Fed didn't flip.  They never said they would cut rates.  That was wishful thinking pushed by investors and brokers.  Do not expect any rate cut between now and election day.
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Elections 2024 / Re: Trump slams RFK Jr. in latest social media rant: ‘Wasted protest vote’
« Last post by Right_in_Virginia on Today at 03:42:25 am »
Don't poke the bear, Bobby.
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Economy/Business / Re: Fed just flipped. BofA warns of surprise rate hike ~ Reventure Consulting (Video)
« Last post by Drago on Today at 03:40:03 am »
Far too little, far too late.  Should have been raising rates from zero in 2011 after dropping them to nothing after the "GFC" in 2008. And you have to raise the Fed Funds Rate ABOVE the rate of inflation...Yellen/Powell didn't even come close (needed an 8-10% FFR). They needed to go all "Volcker" on inflation.  22222frying pan
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Climate Change / Re: Ford “Drastically” Cutting EV Lightning Workforce Hours
« Last post by Hoodat on Today at 03:38:55 am »
Quote from: banddag on Today at 03:32:54 am
Lithium is not produced in third world countries. Australia and Chile produce 76% of the world daily needs and the rest is from Argentina, Bolivia, China and Canada.
The new SS batteries use a very small amount of lithium.
https://www.visualcapitalist.com/visualizing-the-worlds-largest-lithium-producers/

The ev indsutry changes and improves every year

What a relief.  As long as it is Chile and Bolivia getting hit with the environmental impact, everything must be OK.  But I digress.  Let's assume for a moment that your way is economically superior.  Then why can't you do it without subsidies?  Why do you force working people to pay for things (at the point of a gun) that only benefit the wealthy?
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Climate Change / Re: Ford “Drastically” Cutting EV Lightning Workforce Hours
« Last post by banddag on Today at 03:38:34 am »
Quote from: Hoodat on Today at 03:15:11 am
I did research just before posting that.  https://minesafety.wv.gov/historical-statistical-data/production-of-coal-and-coke-1863-2013/

Now, lets examine your site.  First this chart:



A typical example of non-rational persuasion.  Notice the downward trend, purposed to give visual reinforcement to the claim made.  Except that downward trend happened under Obama, not Trump.  Once Trump took over, coal jobs stabilized up until Covid when everyone was forced out of work.  And notice also that this chart is nationwide, and not specific to West Virginia which was your original claim.  So maybe you should give your left wing sites a bit more scrutiny before pushing such nonsensical propaganda.

Coal jobs have been lost due to natural gas. W.Va currently has 13k coal miners and 73k in the Wva oil and gas industry. NG is cheaper, cleaner burning and virtually no transportation cost after the pipelines are laid.
Coal is an antiquated fuel that needs to go away
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Climate Change / Re: Ford “Drastically” Cutting EV Lightning Workforce Hours
« Last post by Hoodat on Today at 03:35:01 am »
Quote from: banddag on Today at 03:09:18 am
Under biden

https://www.reuters.com/markets/commodities/us-thermal-coal-exports-hit-5-year-highs-top-5-billion-2023-2024-02-01/

This isn't an article on coal jobs.  It is an article on coal exports, boasting of a 5-year high (meaning it was higher when Trump was in office).  The reason coal exports are up now is because this regime is stopping coal from being used to generate power here.  So a huge chunk of this coal is being shipped to India so that they can flood the planet's atmosphere with greenhouse gases there so that idiot liberals here can feel emotionally superior about themselves.  Oh, and of course none of this has a thing to do with over all coal mine employment in West Virginia which your article failed to address.  But it did provide a nice photo of a mine truck in Wyoming.

Maybe it is you that needs to do more research before posting.
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