Wealthy Are Dumping Assets Fast Before Year's End... Including Their Business Or Maybe Your Job

reply to post by kozmo


Goodbye. C yer. Ciao. C' la vie.

And take your insults with you. Just remember to pay your exit tax.

You may had build up your ...er...whatever you call it, but without the social expenditure spent on you by all americans past and present in building up this country, you would probably be picking at dumpsites for food as in Somalia.

May you not choke on the 'fruits of your supposed labour' that others had paved for you. Without others support, you are nothing.

Cheers.

Originally posted by newcovenant
reply to post by davcwebb

 

Where are they dumping them?

Another country?

Maybe they should just follow their money and get the hell out.

America doesn't need more takers who refuse to support the country they made their wealth in.

No, they're dumping them on the poor people. That is the beauty of inside information or advance knowledge. All the steady investors with their 401k programs and Pension funds. All the day traders thinking they are buying up bargains. All the small funds and bonds buyers, and retirees, etc. People are still buying up stocks, even as the market declines. There is a science to fleecing the general populace, but the elite have been practicing it for generations, and they know exactly how much they can unload on us at a time to keep us patting ourselves on the back for our good decision making right up to the bitter end.

Originally posted by darkhorserider

Originally posted by newcovenant
reply to post by davcwebb

 

Where are they dumping them?

Another country?

Maybe they should just follow their money and get the hell out.

America doesn't need more takers who refuse to support the country they made their wealth in.

No, they're dumping them on the poor people. That is the beauty of inside information or advance knowledge. All the steady investors with their 401k programs and Pension funds. All the day traders thinking they are buying up bargains. All the small funds and bonds buyers, and retirees, etc. People are still buying up stocks, even as the market declines. There is a science to fleecing the general populace, but the elite have been practicing it for generations, and they know exactly how much they can unload on us at a time to keep us patting ourselves on the back for our good decision making right up to the bitter end.

THAT


I will buy. Probably right.

Our hospital has had a hiring freeze since 2010.

Since 2009, it has been almost impossible for a nurse to find a full time

job in Boston.

There have been near 0 radiologist physician job openings in ALL 5

New England states since 2010.

The primary care docs tell me about 50% of their patients are seeing their

doctor out of stress from the economy, last 3 years.

Austerity is coming. The rich will remain unscathed, like they have in Greece,

Argentina, everywhere.

reply to post by SeekerofTruth101


They aren't going anywhere they don't have to.

They may make the rest of us go somewhere we don't want to.

Remember, life isn't fair. Especially when the financial shtf.

reply to post by drphilxr


But unlike those countries our populous has guns. Our riots could be a lot deadlier. This is why they want to take our guns away.

I think most people here don't realize that the fiscal cliff impacts a lot of people. In fact, it is the middle class who aren't on welfare but have to work to provide for their family that get hit the most. The ironic thing is that the rich won't be impacted because they can afford the shell game of not reporting income and living off what they already have. Take a look at how little Buffet paid in taxes compared to his net worth. He is the biggest democrat of them all. Take a look at the list below, if you are working today and not on welfare I bet some of these are going to hit you:
A. TAX RATES – The so-called Bush-era tax cuts are due to expire at the end of 2012. The current tax brackets of 10, 15, 25, 28, 33 and 35 percent would be replaced by 15, 28, 31, 36 and 39.6 percent levels.
B. CAPITAL GAINS RATE – The current tax rates on long-term capital gains and qualifying dividends of zero percent for taxpayers in the 10 and 15 percent brackets and 15 percent for all others will be replaced by rates of 10 percent for taxpayers in the 15 percent bracket and a maximum of 20 percent rate for all others.
C. 3.8 PERCENT MEDICARE TAX – Effective January 1, 2013, a 3.8 percent Medicare surtax will be imposed on “net investment income” over a specific threshold.
D. ADDITIONAL 0.9 PERCENT MEDICARE TAX – Effective January 1, 2013, higher income individuals will be subject to an additional 0.9 percent Medicare tax on wages above $200,000 ($250,000 for married couples filing jointly and $125,000 for married couples filing separately).
E. ADDITIONAL FICA TAX – Effective January 1, 2013, FICA taxes on wages will revert back to 6.2 percent from the current 4.2 percent for all employees.
F. ALTERNATIVE MINIMUM TAX – At this point, Congress has not extended the AMT “patch”. The last “patch” which increased AMT exemptions expired after 2011. If a “patch” is not enacted for 2012, many taxpayers will pay tax at the higher AMT rates.
G. PERSONAL EXEMPTION/ITEMIZED DEDUCTION PHASE-OUTS – Effective January 1, 2013, higher income taxpayers may be subject to a phase-out of their personal exemption and itemized deductions.
H. EDUCATION TAX CREDITS – The American Opportunity Tax Credit is subject to expire at the end of 2012.
I. ESTATE/GIFT TAX – The current estate and gift tax effective through 2012 is set at a maximum rate of 35 percent with a $5.12 million exemption amount. Unless extended, the maximum tax rate will revert to 55 percent with a $1 million exemption amount.

reply to post by drphilxr


This was the result of cutbacks, and the 'riders' that the republican led Congress demanded inorder to pass budgetry spending.

And it will be the same if not worse, if the republican led Congress is allowed its way, to cut funding for necessary staffs in order that they can delusively force a small govt, today, in 2012, with a population of 300million, 50 States, unlike days of yore when USA had only 13 states?

Healthcare is of primary importance, and not plainly just for cosmetics. If a citizen is not given health improvement when he is sick, or wait till he dies to get treatment, society would have lost a potential contributing member to society.

Extrapoliate the numbers, and you see many citizens in poor health. How can a nation, let alone the economy, function if its citizens are such?

Either the republicans in Congress wake up to realities, or they will be booted out and even cease to exist as political party way before 2016 elections.

Originally posted by drphilxr
reply to post by SeekerofTruth101

 

They aren't going anywhere they don't have to.

They may make the rest of us go somewhere we don't want to.

Remember, life isn't fair. Especially when the financial shtf.

edit on 11/14/2012 by drphilxr because: (no reason given)

edit on 11/14/2012 by drphilxr because: (no reason given)

Sure. Regardless where they go is of no concern to us all, after all, they aint gonna care about us anyway, except for the figures in their personal bank accounts.

We will remain where we are, simply because many have no other choice even though many would not want to go anywhere else. When the ships are burnt, we either sink or swim together as one, the very same policy that had made our forefathers survive, and so will we all too.

Life is never equal, but we as a society, can make it fair for the majority. Financial SHTF is afterall only money. The land, resources and most critical of all - our brains, is not depleted. One door closes, another one opens, so long as we continue to move forward, courageously, as our forefathers had done - alone, with no help from any other nation.

"Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other."
Ronald Reagan

The problem is multifaceted.
You have privately owned Banks printing and loaning money (at interest) to the government, you have corporate interests bri... uh contributing to both sides in a given race to be elected, you have PAC's doing the same and more after elections, hell we even have other countries contributing to candidates in our elections. Through all of this we the people sit on the couch or in the lay-z-boy and watch Dancing with the Stars or Football barely raising out heads enough to take a handful of chips from the bag and put them in our mouths.
Then we wonder how all of this happened and will it affect me?

The Banks and Big Business's got their bailout, it's our turn - Mr. President IF you are serious about spurring the economy, Forgive all outstanding debt (Home, Auto, Student, etc. Loans; Back Taxes, not current taxes, back Child Support, again Not current child support) cancel Bank repossessions as the banks have already received their payments through the bailout monies. This alone will spur people to spend to a certain extent, stimulating economic growth (Demand) which will require more production to keep up with demand, which will require hiring more employees and round and round it goes, like a Mobius strip.

As for Government spending:
Bring this idea to the people of this country for a special vote.

Tie all elected officials (from the Chief of Police to the President of the United States) Pay to a multiple of the average pay of their constituents, and eliminate minimum wage.

Chief of Police:>--------------2x the average pay in the city.
Mayor:>----------------------3x the average pay in the city.
State Representative:>-------4x the average pay of their constituents.
State Senator:>--------------4x the average pay of their constituents.
State Governor:>-------------5x the average pay of their constituents.
Vice President:>--------------4x the average pay of their constituents.
President:>-------------------5x the average pay of their constituents.

reply to post by davcwebb


so one way of doing business has been nerfed and the crying begins. Find a new way to do business. L2P

reply to post by davcwebb


I can't be. 0bama told us all that with his re-election all would be calmed and corrected.

This must be just Republican scare tactics and isn't real.


You all were warned many many months ago this would happen with the man child's re-election.

Imagine for a second that you run a small company, employing about 50 people.

For this example, you make shoes. Your shoes have a cult like following and you have steadily increasing business.

Now, you can have your product made overseas at a lower cost, ship them to the US and use a smaller work force to fulfill your customer orders.

Should you do this?

If the US president creates a business climate that does not help you keep your business here, why should you stay and pay more in health care benefits and/or a higher tax rate?

reply to post by Wildbob77


Could the US increase tariffs on these imported goods? Or would that just hit the consumer too hard all at once? Why hasn't the country considered this?

Just tryin to learn a ill something

Free trade agreements have basically killed the tariff. It worked well for years but...oh well, that is another story.

If these people want to go...let them go. Someone will step up to fill the void, that is what we do. I harbor them no ill will for wanting to leave. If they feel they must, so be it.

Someone will snag the opportunity and do whatever task or make whatever product they were. That is the cycle of economics and capitalism. It might be a good thing! If the owners pack up and go third world country where taxes are cheap...that just means less competition for a start up company here in the states. People should be stoked with the opportunity instead of getting all worried and stressed out.

Whatever happens, happens. One door closes and another one opens...it is how we grow.

reply to post by micmerci


What would you expect from such greedy people? They don't want to take a cut to their take home profits so they just fire someone instead...."Sorry did you need that job to get by? I just want to be able to buy another Lexus next year." It's greed, pure and simple, you can blame this on the president for imposing taxes on the rich if you want but personally I think it makes more sense to blame the rich greedy asshole firing you.

Im afraid its all part of their plan.

For the past few years they have been building up their wealth and making preparations.

The time is now close and they are closing the door behind them.

Originally posted by micmerci
...And they all said 'just tax the wealthy more, that'll fix the problem'. They wont sell off assets. They won't slow the economy. They won't hand out massive layoffs and take their businesses elsewhere. This will work trust me.

Yeah right

I'm no financial whiz, but wouldn't the rich want to invest MORE to avoid paying higher taxes? I'm thinking of apartment buildings n' such that can be depreciated over time. Again, what do I know?

Originally posted by jiggerj
I'm no financial whiz, but wouldn't the rich want to invest MORE to avoid paying higher taxes? I'm thinking of apartment buildings n' such that can be depreciated over time. Again, what do I know?

In a closed system? Yes.

The US is not in a closed system.

Oh Please. You assume George Lucas sold within a few weeks. This was in the planning for years.