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    The morning after, now what?
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    Founding Member fund razor's Avatar
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    Well... some of you are probably considering moving to different countries. Different, less socialist countries that don't borrow from the Chinese to spend on social programs that our grandchildren will be paying for working in Chinese mines.

    But some will stay.

    For those who stay, who make over $200,000 a year, what to do?

    1) Sell appreciated assets in the 2012 calendar year. Starting Jan 1, 2013, you will see a minimum 3.8% tax increase on capital gains to pay for the "medicare surtax." That will raise the top rate to 18.8%. If the Bush tax cuts are not extended into 2013 (I think that we have a decent chance of saving them). If the Bush tax cuts are allowed to expire, you will see an increase of 8.8%, as the top rate will climb to 23.8%.

    2) Be careful carrying defense industry investments into 2013.

    3) Talk to your investment advisor about: your IRA, RMDs from an IRA increase your adjusted gross income, maybe it is time for a Roth conversion?
    Some folks will head for tax exempt bonds, as they don't increase your AGI.

    4) If you have friends who are wealthy, visit them now, before they get too busy packing to move to their new horse farm or winery in Chile.

    5) Do not start a business. The government will take it over and make sure than only the unions get paid.

    6) Buy any guns that you have been interested in now. We are one SC justice away from a new look at cases like Heller.

    7) Set aside much more of your income for health care and insurance costs.

    8) Invent something that stupid people just can't resist. The stupid are now the majority.

    9) Manufacture that product for the stupid offshore, and import them into the US. Our government could care less about unfair competition and trade. After all, if they gave China most favored trading status, they will give it to you also. But be careful... they will want to borrow money from you all the time, in order to pay for programs for the stupid, and ensure future re-elections by the hand-out class.

    10) Install security cameras. As success continues to be villianized, the youth will continue to seek easier ways to survive. The Thug Life has been glamorized for the media for many years, while working hard and doing the right thing has become passe at best. If you are seen as productive and have visible assets, you are "rich" and you have a target on your back.

    Good luck.
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    There is a "u" in "glamour" I suppose.

    Maybe my subconscious thought it looked too Canadian.
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    Quote Originally Posted by Karl Marx View Post
    Democracy is the road to socialism.
    In a higher phase of communist society... only then can the narrow horizon of bourgeois right be fully left behind and society inscribe on its banners: from each according to his ability, to each according to his needs.
    ..
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    Aren't you dead, Karl?
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    Quote Originally Posted by Karl Marx View Post
    I come back every four years to vote in Chicago.

    ..
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    I see. The joke would have been funnier if you had waited for your own screen name to get processed.
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    Quote Originally Posted by Karl Marx View Post
    I am on a time limit.
    ..
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    Quote Originally Posted by fund raz View Post
    There is a "u" in "glamour" I suppose.

    Maybe my subconscious thought it looked too Canadian.
    I hater to be so forgiving, so soon, its not in my character,or in my sentence structure.
    But I guess, when push comes to shove, and theres no I! in team , we us they could probably save this mother fker if we us they really wanted to.¿
    just venting/sayin JMO.

    (RIP Gary Kramer, hope to see you on the other side.) Tuck
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    Reincarnated as a President in the United States.....
    Getting bad advice is unfortunate, taking bad advice is a Serious matter!!
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    Romney and the Republican party lost last night . There will be alot of discussion on why, but saying that people are stupid misses the point. The Republican party was able to alienate every major voting block except white males!

    The fastest growing voting block is the Latinos. The Republican party needs to soften its stance on immigration reform if it wants to get the majority of these votes.

    The Republican stupidity on rape, abortions, and women's health in general needs a complete overhaul! I can't believe the things that Akin and Mourdock said. I'm glad they lost!

    A very large group of Americans want to legalize marijuana and are OK with gay marriage (see Colorado). If the Republican party can somehow make a 180 degree pivot on these two points, they would win both the Senate and the White House.

    If the Republican party does not make major changes in the next four years, there will be a Democrat in the White House for a long time!
    If you find yourself in a fair fight, your tactics suck!
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    Quote Originally Posted by clayinaustin View Post
    Romney and the Republican party lost last night . There will be alot of discussion on why, but saying that people are stupid misses the point. The Republican party was able to alienate every major voting block except white males!

    The fastest growing voting block is the Latinos. The Republican party needs to soften its stance on immigration reform if it wants to get the majority of these votes.

    The Republican stupidity on rape, abortions, and women's health in general needs a complete overhaul! I can't believe the things that Akin and Mourdock said. I'm glad they lost!

    A very large group of Americans want to legalize marijuana and are OK with gay marriage (see Colorado). If the Republican party can somehow make a 180 degree pivot on these two points, they would win both the Senate and the White House.

    If the Republican party does not make major changes in the next four years, there will be a Democrat in the White House for a long time!
    Hi Clay,
    The fact that people are stupid and your points are not mutually exclusive. I don't disagree with much of what you posted at all. But here is the thing, I did not suggest in the LEAST that stupid people becoming the majority caused the loss for the Republican party. I said that a strategy for a capitalist would be to invent something that stupid people find that they can't live without. That's PT Barnum talking, not Glenn Beck. Stupid people are breeding at a rate something like 10 times as fast as non-stupid people. They are an emerging market.

    My post didn't attempt to explain the loss at all. It is more of a stream of consciousness "what next?" for the individual who wakes up the next day and wonders how to adjust strategy, not for the Republican party. It was not directed at the candidates or the politicians. It was directed at, let me check...."people who stay in this country who make more than $200,000."

    You may have mistaken it as advice for "people who lost an election last night because the Republicans ran a Mad Man campaign in a Modern Family world." That would have been a completely different thread, just as you suggest.
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    Charter Member clayinaustin's Avatar
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    My post was not a direct reply to your post. Rather it is just my rambling discust of the party I once supported.
    If you find yourself in a fair fight, your tactics suck!
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    Quote Originally Posted by clayinaustin View Post
    My post was not a direct reply to your post. Rather it is just my rambling discust of the party I once supported.
    I gotcha. I guess I keyed in on the "stupid" thing.
    IMO your assessment of the factors that hurt them is pretty accurate.
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    The Republicans lost the election because the "Average" Republican (ie Romney) could not seperate himself from the far right "Republican" like the idiots on rape etc. But that's not the main reason, just secondary. The main reason is because every state that was closely fought last time had the democrate election offices and personnel left in place since then. Never underestimate the power of incumbancy......
    Getting bad advice is unfortunate, taking bad advice is a Serious matter!!
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    Never mind about the tax thing. People's appreciated assets just depreciated.
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    If the republicans changed their thinking on those things you mentioned then they would be Democrats. NOT who I would vote for.
    This election was ONLY about the difference between the ignorant and the intelligent. Those that work for a living and those that live off others hard work.
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    Quote Originally Posted by Tinkerer View Post
    If the republicans changed their thinking on those things you mentioned then they would be Democrats. NOT who I would vote for.
    This election was ONLY about the difference between the ignorant and the intelligent. Those that work for a living and those that live off others hard work.
    If the Republicans changed their position on immigration reform, marijuana, gay marriage, and abortion, they would not be Democrats. They would be Libertarians!

    Calling people ignorant will not get them to vote for a Fiscal conservative candidate. However they will vote for a Fiscal conservative candidate who shares their popular Social views.
    If you find yourself in a fair fight, your tactics suck!
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    #18
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    Quote Originally Posted by clayinaustin View Post
    If the Republicans changed their position on immigration reform, marijuana, gay marriage, and abortion, they would not be Democrats. They would be Libertarians!

    Calling people ignorant will not get them to vote for a Fiscal conservative candidate. However they will vote for a Fiscal conservative candidate who shares their popular Social views.
    But, the problem does not lie with most of the people, (non-career), who are politicians I believe. The issue seems to be the media's reporting of the issues. For examples;

    1. The Benghazi issue where we, sworn under oath in Congress, decided to let Americans die (under oath the rescuers were in the air and ready to take action). The only reason that makes sense is to create an opportunity for the President to look Presidential. Unfortunately, some of them lived because an ex Navy Seal decided to dis-obey orders. This one is not over, unless it continues to be swept under the rug for Obama's sake.
    2. Jobs lost to China. That was an exuctive order by Bill Clinton in 1993 which cost this country millions of jobs, trillions of dollars, and yet the democrats seem to get away with saying that Romney sent jobs to foreign countries??? For this Billy got millions in donations to his election campaigns and his charity from the Chinese.
    3. Jobs lost to Mexico. Again, NAFTA was endorsed and signed into law by the defender of the jobless, Bill Clinton in 1993.
    4. Housing market crises and collapse. Again, in 1993, our buddy Bill Clinton worked to revise the Community Reinvestment Act to require less down payment, less oversite, across state line lending, and with his earlier change in 1991 of requiring both Fannie May and Freddie Mac to use a larger portion of their lending to low income people, was the root cause of the entire housing collapse. The leader of the Cato Institute testified those issues would result before Congress in 1995, and they did.
    5. The "I inheirited this mess from Bush" BS. There was nothing inheirited from Bush except our participation in a stupid war we should not have started in Iraq. The housing crises was caused by Clinton and the loss of jobs to China and Mexico was caused by Clinton.
    6. The stock market collapse in 2007. For some reason they seem to think that this was caused by Bush also? It was caused by entirely by Obama's election. The day after he won the election in 2007, the market tanked 361 points, and did not stop tanking until March of 2008. It went from about 13,600 to about 6623 in that time frame. (sound familiar to what has happened the last two days after his re-election?). The first day drop then was 360.92 points, the first day drop after his re-election was what? Anyway, that drop was caused by two things, the housing market collapse and the election of Obama, combined with the Senate and House also being Democrat. People who run businesses are not stupid, they understood that the policies the Dems were promoting would hurt business ability to compete with overseas companies. They understood that they would either have to move operations offshore, or go out of business. So, the plans implemented at the time of Obama's election by businesses started the loss of jobs, and the decline of the market, here in the US. It did not stop declining until the Republicans took over the house in 2008 so there would be road-blocks in place to slow down the socialist agenda causng the decline of prosperity in the US. That Republican Congress is our only current hope for stopping the same type of decline this time.
    Last edited by Ratickle; 11-09-2012 at 02:04 PM.
    Getting bad advice is unfortunate, taking bad advice is a Serious matter!!
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    Rock and Roll cootchie coo lordie momma -_____________
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    Quote Originally Posted by TUCK646 View Post
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    What is "light my fuse," Alex?
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