Cuban
- Thread starter sobester
- Start date
Yeah I was reading an article the other day where is said Buffett won a 3 year battle with the IRS.
Cuban has made remarks about his interest but I agree, the cost is not worth it for a guy that has everything.
Brilliant interview. Says capping interest rates at 10% on credit cards is socialism. Sounds kind of right. Of course, anyone that’s ever gone to a public school is a socialist.
He’s down the rabbit hole. I agree with him that capping CC interest rates is the height of stupidity. But then he turns around and says Harris hasn’t proposed anything like price controls.
He hand waves the wacky shit from Harris, and is incisively critical of the same stuff from Trump. A dishonest broker.
VanPastorMan
Hall of Famer
Exactly put your money where your mouth is. Too many people just thrust off the care of the poor to the government. That is what Scrooge did in A Christmas Carol. When asked to help the poor what was his response? Are there no more work houses? These are the type of places which existed because of tax money. But notice at the end of the story he helps people himself because he was truly generous. The statistics say that Democrats are not as generous with their own money as Republicans are. Let's also call them liberal/progressive and Conservatives. One group looks to government whereas the other help out of their own means.
VanPastorMan
Hall of Famer
This goes back to the 16 election. Hillary was claiming Trump took tax breaks and condemned him for them. Then his response was basically, "Yes, I take them and so do you and all your friends who give to your campaign. This is why they don't get voted out". She shut up. I remember back in 92 during that election it was pointed out how the Clinton's would donate their clothes even underwear and wrote that off their taxes. If it is legal then it is not cheating.
lol ............................................................................................
The stats you note mirror my anecdotal experience pastor. It also seems more dems seem to be faux Christians and Chreasters. Do dems think they’re fooling God?
VanPastorMan
Hall of Famer
I can't know someone's heart. But I do believe this. Charity starts in the heart. Giving money to a cold government agency is far different than getting in there and helping in person. We used to take a meal once a month to a homeless shelter. I got to know some of these guys. They had rough stories.
What are you counting as part of effective tax rates? Are you including FICA? Or only income tax? For regular folk effective rates.
Capital gains taxes are obviously much lower than 37%... Are you advocating equalizing cap gains and regular income? There are no billionaires that got to be billionaires from regular income (or for that matter most 'lesser' rich).
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Cuban’s donations to IU are chump change. He can do more and should do more.
Pat Ryan at Northwestern runs circles around his ass.
Pat Ryan at Northwestern runs circles around his ass.
No, i was just using the highest rate for simplistic purposes. Good point on cap gains, which is why some of these billionaires pay a lower effective rate than many. I am not against changing capital gains.
I don't know the mix of some of these guys between various income streams - I'm more used to RSUs which get taxed at ordinary rates after they vest.
Sure. But RSUs are just regular comp in a different form. And execs are sometimes actually granted stock and pay the income tax immediately... Even though it's still restricted. Any appreciation from there is all cap gains.
Something that's not available in normal RSU plans, as you describe, where you aren't technically granted stock until vesting.
Aren't those really more options you are describing in contrast?
In most PE fund deals and IB comp, RSUs make up a considerable portion of one's earnings. You could argue they are regular comp, but they are really the carrot that keeps people motivated. Almost all of those have vesting periods these days, for obvious retention purposes.
Usually RSAs rather then RSUs. they usually have similar restrictions on not being able to be sold/trades until they vest. Somewhat similar to options but a bit different mechanically.
All these forms of equity comp are different types of carrots, of course.
"The statistics say that Democrats are not as generous with their own money as Republicans are. Let's also call them liberal/progressive and Conservatives. One group looks to government whereas the other help out of their own means."
Got a link to those statistics? My impression has always been that a lot of weathy Dems vote against their own interests and support policies they believe are better for the country as a whole...For example, why would abolishing the estate Tax benefit more wealthy Pubs than Dems. Yet I don't see wealthy Dems embracing that concept
Contrast that with Trump who always seems to make policy based on what will financially benefit him the most. I actually always thought it was pretty obvious that wealthy Dems had a more altruistic outlook. I mean Dems who are wealthy benefitted greatly from some of Trump's policies that ultimately benefitted the wealthiest. Yet I don't see any wealthy Dems supporting Trump and those policies...
Look at a guy like Soros. Wealthy beyond belief and yet I don't see him advocating for repeal of the Estate Tax. In fact I'm pretty sure Soros has specifically provided that his sons/heirs will not just inherit his fortune, but the $$ will go to charities/causes he believes in. I really don't understand why he's such a boogeyman to the Right that they feel the need to promote idiotic conspiracy theories such as he was a Nazi concentration camp guard or in other ways collaborated with the Nazis.
It's interesting that people like Orban and others try to promote this notion that Soros (who is Jewish) is anti-Semitic. Yet in reality many of the people promoting such nonsense are themselves anti-Semites...
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Since the thread topic is Cuban,and it's meandered off to discuss subjects that have nothing to do with him, I'll attempt to bring things back on topic.
Here is Cuban discussing Harris vs Trump with regrads to economic plans on both Cavuto (Fox) and then again just this morning on CNBC...
Andrew Ross Sorkin (Sqwak Box) had postive things to say about Harris ecnomic plan last night on MSNBC as well...
Here is Cuban discussing Harris vs Trump with regrads to economic plans on both Cavuto (Fox) and then again just this morning on CNBC...
Andrew Ross Sorkin (Sqwak Box) had postive things to say about Harris ecnomic plan last night on MSNBC as well...
um bc soros funds candidates who are morons who make cities more dangerous? The consequences of his project have been disastrous and cost countless lives. A billionaire overreaching with great harm
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As a man married to a redhead for nearly 40 years, I can confirm. The problem is, even medicated they are still crazy...just slightly less so.
Mom's a redhead. I can say with 100% certainty that papa hooky agrees.
Some advice he gave as he put his foot in my ass to send me out the door into adulthood, "I love your mom, but stay away from redheads"
