TYT Hour - May 19th, 2010

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• News
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[SinisterSkip]

@thebuilder86

In the Netherlands, everything you get in income above 55.000 euro's a year, you pay 52% income tax on :) Ohhh our socialist state haha.

[megamarsvin]

That's like choosing between cutting off your arm or your leg. They weren't well off with Saddam, but they're hardly better off now with kidnapping, terrorism and religious persecution running rampant and still no government to speak of. Getting rid of Saddam would have been wonderful if Bush had spent even 5 minutes thinking about what to do after he was gone.

Just because the media seems to have forgotten about Iraq don't kid yourself into thinking the surge made everything better.

[daymyth]

@SinisterSkip Oh yea I'm definitely against the bailouts 100%, you should have let the market sort its self out. It's like the worst idea ever to keep organisations that completely screwed your country afloat.

Yea, I'm actually for banks collapsing, learn the hard way.

Buy I'm not sure about a completely free market. I'm not sure that's entirely a good idea. Moderation in all things as you've said before.

My example about hte corporate dysotopia is just a system that could work.

[SinisterSkip]

@daymyth

If your for the free market, you'd also be against bailing out the banks, because that IS government inferferance. In a free market, there may be no regulations, but there will also be no bailouts, so banks will collapse. They will need to learn it the hard way. You take risks that are way too big, you can fall. There's something to be said for that, but it will never happen. The most stable way is regulations on banks, to prevent them taking way too much risk with our money.

[daymyth]

@SinisterSkip Although I agree with you, that moderation of the two is the nicest method. I envision a world where there are no longer countries, just corporations and everything is run in equilibrium forces by a completely free market, it wouldn't be a fun place to live for alot of people, but I see it working.

[daymyth]

@thebuilder86 Australia has a system like that, where there is a low income threshold where you don't pay tax under $18.5k ish... And the tax rate increases on every bracket increase in wealth. But the ultra wealthy find so many loopholes to pay as little tax as possible.

[SinisterSkip]

@daymyth

Just like capitalism, socialism isn't a bad thing, as long as it's moderate socialism and moderate capitalism. Every extreme form of either of the bad will destroy a country's organisation.

[daymyth]

@SinisterSkip So healthcare and socialism hasn't completely destroyed your country like the republicans are saying it will.... I'm shocked...

[SinisterSkip]

@daymyth

Far from optimal, but less useless defense spending, lower unemployment, better working conditions, stronger unions, no anonymous campaign funding, much lower health costs etc. Yeah, I'm glad I live in the Netherlands.

[daymyth]

@SinisterSkip wait, but the Netherlands is awesome right?

[RDJ1109]

Once again Cenk misrepresents the conservative argument. NOBODY said to get rid of the I.R.S. without tax reform. Rand Paul said he wants to replace income taxes with a national sales tax. Anytime you buy an item at a store you pay an extra tax that essentially replaces your income tax payment. Theres no way to avoid paying taxes for ANYONE, least of all the 40% who currently pay nothing. Those who buy more pay more tax. And no need for the I.R.S. as there would be no more federal income tax.

[Treadsoftly14]

@YuanMizzle rand paul....ron pauls son.