"If Barack Obama becomes the president in November, again, I will either be dead or in jail by this time next year,"
~ Ted Nugent
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Permalink Like Dislike "If Barack Obama becomes the president in November, again, I will either be dead or in jail by this time next year,"
~ Ted Nugent
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Haha, that guy is entertaining. Always something extreme coming out of his mouth.
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Corning, NY
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He's got himself in a stranglehold, baby...
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Alameda, CA
Great musician; I'm a fan. Absolute moron when it comes to politics, and he doesn't have the self-awareness to see how shallow his understanding of the world is. Maybe some Republicans feel the same way when Carlos Santana starts waxing political.
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Emeryville, CA
Why can't he be both?
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Santa Cruz, CA
He can join all of the guys who said they would move to Canada if Bush were elected.
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leo707's website
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You forgot the parts where the Nuuge said:
-Obama and his team are “coyotes” that need to be shot.
-Gun lovers need to “chop [Democrats’] heads off” this fall.
If he had throw in a reference to Allah, and used the phrase "great satan" he would have sounded just like an Al Qaeda spokesperson.
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Santa Cruz, CA
I like coyotes they're not as evil as Obama and his ilk. No coyote ever tried to pick my pocket, and they just are trying to make a living by catching gophers, rodents, rabbits, etc.
By the way, more debt is just creating new tax burdens, for whom depends just on the person's age.
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47 male
Lafayette, CA
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Cloud says
C'mon, call me a muppet again! I like muppets.
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I wouldn't mind at all if Ted Nugent was dead or in jail. I'm not sure what Obama being re-elected will have to do with that though.
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Corning, NY
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I have Cloud's noise on ignore.
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Corning, NY
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Kevin says
I've always thought there was just as much hate on the far-left as there is on the far-right.
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clambo says
Yes, and all thinking people know where it came from. This history can not be covered up unless we truly become a fascist state.
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I wonder how GWB, Cheney and their minions rationize the graph above.
They must think it's a lie. Maybe they are from the crowd that thinks if taxes went to zero, government revenues would approach infinity. Therefore when they lowered taxes it actually caused everything to be better, and who knows how bad things would be if they hadn't lowered taxes and gone to war with Iraq.
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marcus says
2001... ask Osama Bin Laden, and the attack on this nation.
No the Bush administration wasnt looking to have a war in the middle-east.
Right in the middle of a recession... a tax cut was needed to spur investments. And we certainly saw some investments flowing back to create new companies/employers.
https://www.pwcmoneytree.com/MTPublic/ns/nav.jsp?page=historical
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thomas.wong1986 says
Really ? From that link ? What am I missing ?
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marcus says
Investments into new business by the super rich went UP!
But not the gang buster days like the 90s ...
It takes a min. of $5M to invest by a single tax payer and the willingness to lose your entire investment.
Higher taxes have never shown to fuel investments but tax cuts do!
Do some data drilling and you will find lots of data, industries, companies, stage of investments, who invested etc etc etc.
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Gotta love Uncle Ted... God Bless em!
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47 male
Lafayette, CA
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thomas.wong1986 says
Bullshit. Clinton raised taxes and investment skyrocketed. Bush radically cut taxes and investment (other than mortgage fraud investment) crashed.
Today taxes on investments are at record lows. The richest Americans pay around 15% on their new wealth. According to you, we should be in a period of record growth.
Do you people have a central command center where freshly minted bullshit is distributed to fellow Republicans?
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iwog says
Fox News, Rush Limbaugh, Sean Hannity, Neal Boortz...
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33 male
Fort Mill, SC
iwog says
This bs isn't freshly minted...Reagan started the publicity and its been increasing in fanaticism since.
When you show them the facts, like GDP only grew .1% more per year under Reagan than Carter, they don't answer. Unemployment was also lower under Carter on the average. Again no answer. But Carter was the worst and Reagan is god. They keep repeating it over and over and finally even liberals start believing it.
Its propoganda and it is WRONG.
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Dublin, CA
Rock n roll musicians sure side with republican establishment a lot even though they claim to be rebels.
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http://www.humanevents.com/article.php?id=50880
Troubling?
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http://www.amazon.com/?tag=tbbutton-20
Here are some thoughts from another Republican who spoke out.
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If you first don't succeed, try, try again is a conservative statement.
The equilivant liberal statement would be: If you first don't succeed, cry MOMMY! (Mommy being the Government).
Anyway, here we go again:
http://newsbusters.org/blogs/noel-sheppard/2012/04/18/robin-leach-obama-socialist-he-whipping-racial-war-and-economic-divid
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Oakland, CA
leo707's website
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Honest Abe says
No, no Abe, you are confusing it with that old conservative axiom: "Make shit up."
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South Pasadena, CA
"If Barack Obama becomes the president in November, again, I will either be dead or in jail by this time next year,"
~ Ted Nugent
This is just an election promise.
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Ted is nuts. For a guy who dodged draft he sure likes to tout guns and make big statements...
I don't think Ted is qualified to be a Republican or anything for that matter, he is mentally unstable.
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wthrfrk80 says
I've always thought that the world is full of dipshits who wouldn't know "far-left" if it was confiscating their property for the state.
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iwog says
Well Ducky, it seems strange that Obama and the Democrats no longer use the term Capital Gains and Losses from Investments in their vocabulary...
You may want to check the numbers... anyway Clintons increase wasnt much of an increase when you factor in excluding first $250K/$500K gain on sale of home.
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=161
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33 male
Fort Mill, SC
thomas.wong1986 says
Nice link. Though when you adjust for inflation the numbers aren't quite so striking.
In fact, total capital gains has negative correlation of -.6 to maximum capital gains rate when total capital gains is adjusted for inflation.
Negative Correlation yes, but certainly not perfect or very strong.
If we discount realized capital gains by the CAGR of the S&P 500 (10.34% annually from 1954 -2008), suddenly all of the big numbers are pre 1973, 1979-1988, & 1997-2000. CAGR 1954-1973 is 10.85% annually, 1979-1988 is 16.43% annually, and 1997-2000 is 17.31% annually. Hmm..what else happened during those time periods...Oh I know, high ECONOMIC GROWTH.
This tells us during periods of higher than average returns in the general stock market, total realized capital gains go up. By the way, in all of these periods the maximum capital gains rate was 20% or greater.
The correlation coefficient of max tax rates and capital gains when adjuted for S&P 500 returns is -.1. Pretty much no correlation at all.
I guess all I am saying is - capital gains are much more strongly correlated to stock market returns than they are to tax rates. Obviously when the value of something increases more rapidly more capital gains will be realized regardless of tax rate.
By the way, Annual CAGR of the S&P 500 by capital gains tax rate:
Tax Rate Cagr
15.7% -8.7%
16.05% 14.34%
21.19% 4.42%
29.19% 17.3%
28.93% 18.7%
28.0% 15.4%
20% 15.36%
39.875% 7.02%
36.5% 0.59%
34.25% 14.54%
32.21% 3.6%
27.5% -8.63%
26.9% 11.03%
25% 14.22%
The correlation coefficient between those two data sets is 0.07. No correlation at all. That means there is no correlation between capital gains tax rates and stock market returns.
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thomas.wong1986 says
Was this supposed to be an argument?
Why isn't the economy red hot right now? Taxes on investments are at record lows. Your own chart proves it.
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FortWayne says
I think a good term for Ted Nugent is "a chickenhawk."
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Kevin says
I know "far-left" as someone who wishes their political opposition was dead or in jail (example: your comment about Ted Nugent). Just like I know "far-right" as someone who wishes their political opposition was dead (example: Ted Nugent's comments about Obama).
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leo707's website
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wthrfrk80 says
Totally a chickenhawk, and when the SS interviews him behind closed doors I bet all that tough talk and threats fade pretty quick.
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Isn't Ted Nugent the Black Jew who attends Nazi-Klan rallies?
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thomas.wong1986 says
Higher tax rates do encourage investment.
To avoid high taxation, companies and individuals reinvest the money in enterprises, hiring more people and buying/updating equipment and technology, rather than taking it out as profits and paying the high taxes on the gains.
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thunderlips11 says
Good point. In theory at least. I never thought of it like that.
Is there empirical evidence?
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wthrfrk80 says
Good question. There is some, far from a cincher, but it looks better than Supply-siders' claims when backtested.
Somewhat off topic, there seems to be little connection between corp tax rates and tax revenue (Laffer Curve assertion). Found this funny chart. It was originally posted in the WSJ as:

But is better tracked like this:

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33 male
Fort Mill, SC
wthrfrk80 says
Yes. Look at GDP growth by year. Compare that with marginal tax rates by year.
You will find that real GDP growth averages 2% higher in years where the top marginal tax rate exceeds 50% than in years where the top marginal tax rate is 50% or less. (since 1930)
Correlation is not causation, but that is the empirical data.
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david1 says
Thanks David. A little more chart porn:
Looks like a wash, but one certainly can't argue that cutting marginal tax rates cause an explosion in GDP growth by looking at US post-war history.