ENOUGH WITH BUFFET'S SECRETARY!!!! He used that claptrap last night in the state of the union address. Turns out, she makes 6 figures, none of it through stocks like Warren. So, by Obama's definition, she's one of the top 10%.
A vote for Dr. Paul is a vote for yourself. He wants to limit gov intrusiveness in our lives & allow US to make our own choices. Stop politicians and the elites from thinking that they are so smart that they know how to run our lives better than we do. He is one of the few politicians that will make difficult decisions, he will balance the budget by his 2nd year, while other politicians plan to balance the budget after their term
Thomas Sowell left the Marxist plantation when he was around 29~30 years old. It's unfortunate that at 50 Obama is still a Marxist. I guess he'll never grow up.
We need to draft Thomas Sowell for the presidential race. What a great president he would be. What a great contrast to the Marxist bozo who occupies the White House today.
Can someone please explain Sowell's reasoning in 10:00-10:30 ? I'm not challenging the view or being a wise guy. I'm just not following what he means.
Wait I didn't explain that to you clearly, let me break it down a little better. The dishonesty in Obama's analysis was that he was taking the Capital gains tax rate for long term investments (15%) and comparing it to the ANNUAL income of people like teachers. If an investor makes an investment and then collects the gains from that investment in the same year, he pays the standard tax rate, which will be a higher rate if he took in more than the teacher.
@mjn76 If someone is holding a stock for 2 years and then sells it and collects the funds, paying a rate of 15 percent, it's basically the same as paying a rate of 30 percent for funds made within one year.
Along with Walter E Williams, definitely one of the giants of our time. Not only in economics but the understanding of human values which drive those decisions.
His book "Basic Economics" should be required reading for all HS graduates.
Were I a mayor for one of the large urban centers now dealing with the Occupy folks, I would consider having this video running on a loop in the jail cells for all the losers my police force had to arrest that day.
ENOUGH WITH BUFFET'S SECRETARY!!!! He used that claptrap last night in the state of the union address. Turns out, she makes 6 figures, none of it through stocks like Warren. So, by Obama's definition, she's one of the top 10%.
Can't wait for that clown to be gone!
gdbalck 1 month ago
No surprise here.... NO MENTION OF *RON PAUL* in the questions about presidential candidates.
TimothyADonaghue 1 month ago
Sowell is like Ron Paul. Their writing is much much better than their speaking (which is not to say they're bad speakers).
truevoice08 2 months ago
VOTE RON PAUL 2012
A vote for Dr. Paul is a vote for yourself. He wants to limit gov intrusiveness in our lives & allow US to make our own choices. Stop politicians and the elites from thinking that they are so smart that they know how to run our lives better than we do. He is one of the few politicians that will make difficult decisions, he will balance the budget by his 2nd year, while other politicians plan to balance the budget after their term
LISTEN, UNDERSTAND, DECIDE. RON PAUL 2012
86austinc86 2 months ago
Thomas Sowell left the Marxist plantation when he was around 29~30 years old. It's unfortunate that at 50 Obama is still a Marxist. I guess he'll never grow up.
naturalthing1 2 months ago
why was Sowell a Marxist before he became a professor? Because Money changed people!
lysol5555 3 months ago
We need to draft Thomas Sowell for the presidential race. What a great president he would be. What a great contrast to the Marxist bozo who occupies the White House today.
TulaiMr 3 months ago 3
Such a gem you American's have in the inclusive intellectual, Thomas Sowell.
poeglives 3 months ago
Can someone please explain Sowell's reasoning in 10:00-10:30 ? I'm not challenging the view or being a wise guy. I'm just not following what he means.
mjn76 3 months ago
@mjn76
Unrealized gains from an investment do not count as income.
Aphoresis 3 months ago
@mjn76
Wait I didn't explain that to you clearly, let me break it down a little better. The dishonesty in Obama's analysis was that he was taking the Capital gains tax rate for long term investments (15%) and comparing it to the ANNUAL income of people like teachers. If an investor makes an investment and then collects the gains from that investment in the same year, he pays the standard tax rate, which will be a higher rate if he took in more than the teacher.
Aphoresis 3 months ago
@mjn76 If someone is holding a stock for 2 years and then sells it and collects the funds, paying a rate of 15 percent, it's basically the same as paying a rate of 30 percent for funds made within one year.
Aphoresis 3 months ago
@Aphoresis Paying on the difference in value is capital gains/losses. Too many bemoan gross revenues without understanding such.
poeglives 3 months ago
@poeglives Why are you giving us a definition of Capital gains/losses?
(oh and my other comment for some reason was not added here so my full context was lost a bit.)
Onieracraft 3 months ago
"it's basically the same as paying a rate of 30 percent for funds made within one year. "
How so?
migkillertwo 3 months ago
1 person would get smoked by Thomas Sowell in a debate.
z4nizzle 3 months ago
this is the pits.
jobu2100 3 months ago
9:00-9:05 Sowell captured perfectly my exact same reaction!
BigDaddyDJD 3 months ago 8
Thomas Sowell is smarter than you ( and me ).
Along with Walter E Williams, definitely one of the giants of our time. Not only in economics but the understanding of human values which drive those decisions.
His book "Basic Economics" should be required reading for all HS graduates.
medlock01 3 months ago 3
@medlock01 Agree, i would add Epstein though, smart guy too ;)
Droodeex 3 months ago
Were I a mayor for one of the large urban centers now dealing with the Occupy folks, I would consider having this video running on a loop in the jail cells for all the losers my police force had to arrest that day.
topjimmycooks 4 months ago 11