Maybe a reson to vote Dem.

[flyinsick]

Only Bill, Rush & Sean to bring out sometruths

I should have said they keep people accountable , Reps & Dems.

 

[atlcrjdriver]

I should have said they keep people accountable , Reps & Dems.

You're kidding, Right? Rush and Hannity are the true pompous arrogant wannabe elitists on the airway. I suppose its not there fault as, lately, that is the republican way isn't it. As your true leader Cheney once said, if you don't like what we do "so".

 

[Soverytired]

Your 401(k) is shielded from capital gains taxes. An increased cap gains rate will not affect tax-shielded accounts. Since most middle-class Americans own their equities through tax-shielded accounts, a cap gains rate increase will not affect them.

With all due respect: "No Duh" Your reply was an almost verbatim regurgitation of Obama himself when asked this question. The fact that reporters didn't pounce on the obvious shows that they're "in the tank" for him, ignorant about retirement savings, or both.

Your 401(k) will not pay capital gains taxes, or the bevy of new taxes on "evil" corporations that are sure to be a part of the next 4-8 years (or more) of democrat rule.

However, 401(k)s are mostly just tax sheltered stock accounts (crude but short summation, I know). Stock performances will be depressed as corporations post lesser profits under the weight of new taxes. "Windfall profits" are exactly what any stock holder (and 401k owner) needs to make their portfolio grow.

You're a smart guy. You know that the difference between a portfolio compounding at 9% a year vs. 5 % a year is HUGE.

This is not to say that new taxes on corporations might not be necessary. But don't kid yourself . . this WILL affect your retirement bottom line as well.

 

[Soverytired]

I never meant to list anything... however I'll give you the congressional agenda of ALPA.

Foreign Ownership
FFDO
Flight Time Duty Time
Collective bargaining
nmb appointments
etc..

Air Line Pilots are responsbile for the economy? What are you doing about these things? Voting for POTUS?

This suggest you are 24 years old. How old are you?
.

Pilots are not responsible for the economy.

Pilots who's sole reason for voting is to enact sweeping regulation should be able to define what they want more than "change" and "hope".

Remember . . . Regulation is just a polite way of saying compulsion at the end of a gun. Proceed with caution and try and think long and hard before you start taking away freedom.

So . . . as to your issues: I'm curious how a single one of them will do anything to either guarantee airline jobs or strengthen the underlying economics of the airline industry. This is not to say there aren't laws that could and should be enacted, but these are non-starters.

Suppose the laws changed tomorrow and:

• Every pilot was armed
• every union was able to strike with 15 minutes notice
• all foreign ownership was banned (as it is now),
• pilots were limited to 8 hour work days,
• every NMB mediator was elected by popular ALPA vote

Mission accomplished! You've "won"! How did any of this make your job more secure? If anything, the airlines just became a lot more expensive to operate. Is your job more secure, or less?

-I'm old enough to know that the airlines are in serious trouble and that fundamental changes are coming. I'm also old enough to understand that no job, anywhere, is secure. A large and constantly evolving skillset is the only way to continually thrive. This can be scary, but thank god we live in a country that abounds with freedom and opportunity.

I help the economy by being an asset to my employer and the workplace instead of a drain. I don't look for handouts and I take care of me and mine.

 

[PCL_128]

With all due respect: "No Duh" Your reply was an almost verbatim regurgitation of Obama himself when asked this question. The fact that reporters didn't pounce on the obvious shows that they're "in the tank" for him, ignorant about retirement savings, or both.

Your 401(k) will not pay capital gains taxes, or the bevy of new taxes on "evil" corporations that are sure to be a part of the next 4-8 years (or more) of democrat rule.

However, 401(k)s are mostly just tax sheltered stock accounts (crude but short summation, I know). Stock performances will be depressed as corporations post lesser profits under the weight of new taxes. "Windfall profits" are exactly what any stock holder (and 401k owner) needs to make their portfolio grow.

You're a smart guy. You know that the difference between a portfolio compounding at 9% a year vs. 5 % a year is HUGE.

This is not to say that new taxes on corporations might not be necessary. But don't kid yourself . . this WILL affect your retirement bottom line as well.

Agreed. Your previous post made it seem as though you were saying that your 401(k) itself was being taxed for cap gains. Just wanted to clarify.

I'm not a fan of corporate taxes. I think they're useless, as corporations will simply pass on the cost of the increased taxes to the consumer. If I had my way, corporate taxes would be completely eliminated. However, I love cap gains taxes. The rate needs to be jacked back up to where it was under the Clinton administration. Low cap gains taxes have allowed men like Warren Buffet to pay less in taxes as a percentage of total income than their secretaries who make $50k/yr. We should raise cap gains and dividend taxes, and shift to a more progressive income tax, shifting more of the tax burden onto the wealthy.

 

[Abernathy]

I agree.....

As a kid, I used to wonder why my Grandparents disliked Jimmy Carter so much.... After watching that idiot buddy-up with every anti-U.S. dictator in the whole freaking world, I have come to better understand their concerns. This Curious-George-looking freakshow makes Carter look ultra-conservative. There is no telling the damage he would do to our economic freedoms and civil liberties.

I would much rather risk the short-term damage to my career that you all seem to be so afraid of than risk losing whatever if left I value of this country. There is more at stake than what the govt. can do to protect your career.

Personally, I would rather pay for my own healthcare than pay 86% taxes and get it for "free."

There's a sucker born every minute.....

 

[Smarta$$]

To what end.... how much of a degredation are you willing to take? Will you have life, liberty and happiness if you can't afford a house, have no money for your 401k, can't afford to eat out and no prosperity.

There are too many pilots that are already living this way... and more to come...

One issue democrates and trade unionism.... that should be the first issue: which is my house, my family and my future. After those are resolved we can talk about gays, guns and abortion.


pilot comes home: Honey, great news, we won the abortion legislation. It becomes law tonight...

Wife: the bank called, we are three payments behind. They are going to foreclose!

Pilot: did you hear me!

Wife: Did you hear me?

The problem is pilots, vote issues other than their profession. They will put social issues, like gays, guns and abortion before their house payment, retirement, work rules, etc...

Very, Very, Very well said. I don't know why people don't understand this.

 

[PCL_128]

Very, Very, Very well said. I don't know why people don't understand this.

It took me a long, long time to come around. I held on to the RALP (Republican air line pilot) mentality with a death grip, but I finally came to my senses. Thankfully, Rez didn't give up on trying to convince me.

 

[Smarta$$]

Agreed. Your previous post made it seem as though you were saying that your 401(k) itself was being taxed for cap gains. Just wanted to clarify.

I'm not a fan of corporate taxes. I think they're useless, as corporations will simply pass on the cost of the increased taxes to the consumer. If I had my way, corporate taxes would be completely eliminated. However, I love cap gains taxes. The rate needs to be jacked back up to where it was under the Clinton administration. Low cap gains taxes have allowed men like Warren Buffet to pay less in taxes as a percentage of total income than their secretaries who make $50k/yr. We should raise cap gains and dividend taxes, and shift to a more progressive income tax, shifting more of the tax burden onto the wealthy.

Just my opinion, but there is no guarantee that a corporate tax cut would trickle down to the consumer or employees. It is more likely that it would be paid out in large part to executives and investors.

 

[PCL_128]

Just my opinion, but there is no guarantee that a corporate tax cut would trickle down to the consumer or employees. It is more likely that it would be paid out in large part to executives and investors.

Oh, no disagreement there. My main point is that increasing corporate taxes will only result in the cost being passed on to the consumer. Anyone that thinks they can "stick it to the execs" by increasing corp taxes is barking up the wrong tree. Best thing to do is increase cap gains, dividends, and upper marginal income rate taxes.