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How did the Federal Government operate prior to 1913?
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Feb 20, 2024 16:05:35   #
dwmoar Loc: Oregon, Willamette Valley
 
SteveR wrote:
True. And yet it brought out so much errant information. Guess nobody Googles before posting.

What code?



It is called bbcode I do believe that embedding a url link would looks something like

[ url="https://lint-to-webpage.com ] Check out this website [/url]

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Feb 20, 2024 16:09:31   #
dwmoar Loc: Oregon, Willamette Valley
 
Tommg wrote:
There was an income tax enacted in 1861 after the Civil War, a flat 3% tax on all incomes over $800.00, the tax was repealed in 1872. Congress passed an income tax on July 2, 1909, and it was ratified Feb 3, 1913.

I have tried to obtain a copy of the budget for a few years now without success, the national media reports on the stupidity of some of the budget items that are placed in the budget these days, if true it seems as though congress has gone bat shit crazy and we are forced to pay for this crazy stuff (cleaned this up a little). At the rate the budget mess is going, the US will be bankrupt in the not-too-distant future!
There was an income tax enacted in 1861 after the ... (show quote)


Will be ???

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Feb 20, 2024 16:29:22   #
Blair Shaw Jr Loc: Dunnellon,Florida
 

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Feb 20, 2024 18:11:48   #
SteveR Loc: Michigan
 
wmurnahan wrote:
Yes we had the strongest middle class in the 1960’s. The unions were strong, a family could buy a house and send their kids to college on one persons income. A kid could pay for college by working a Summer job. 12% interest on a credit card was only for the worst credit risks. Bank CD’s paid over 5% on their deposits.


I lived in Pontiac, Michigan. The homes of those middle class workers were small. They fought tooth and nail to get health care coverage. Was college more affordable then than today? I'm not so sure. Public universities are still a good buy. I just checked. Tuition at the University of Michigan is $15,000 and Room and Board $12,000 per year. Books are additional. That's about what it was when we sent our daughter there. She graduated in 2000. Michigan is about the most expensive public universities. Many of my classmates went to Oakland University nearby and lived at home, saving the expense of room and board. Then there's the option of doing two years of highly inexpensive community college before finishing at a four year school. Over the four years, we felt if fair that my daughter bear $10,000 of debt, which she did and paid off. We took on another $13,000 in parental loans which we paid off. Otherwise, we made monthly payments to the university over the four years to pay for her tuition, room and board. At 25K/yr, Michigan is still a very affordable university, especially when one plans ahead. I am sure that the same can be said for other universities across the country. Again, we're talking for the middle class. The middle class today, as well, is living in much bigger houses, and driving bigger and more expensive cars than the middle class of the 50's and 60's.

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Feb 20, 2024 18:16:23   #
BebuLamar
 
dwmoar wrote:
It is called bbcode I do believe that embedding a url link would looks something like

[ url="https://lint-to-webpage.com ] Check out this website [/url]


Yours link doesnn't work. Perhaps you added the spaces?
Check out this website

Now I know how to do it. Thank you and thanks Linda.

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Feb 20, 2024 18:43:01   #
fantom Loc: Colorado
 
Timmers wrote:
Check your history my friend, for an amendment to the US Consultation can be enacted it must be ratified by a simple majority of the existing sates. It failed to be ratified by the states, twice.

And so, off we go to the attic.

Don't drag your ignorant political argument into our photography forum, please.


What is a US Consultation?

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Feb 20, 2024 20:19:15   #
Wyantry Loc: SW Colorado
 
fantom wrote:
What is a US Consultation?


I think that is a lot of folks (US) consults their feelings rather than facts . . . .

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Feb 20, 2024 23:07:25   #
SuperflyTNT Loc: Manassas VA
 
Timmers wrote:
Check your history my friend, for an amendment to the US Consultation can be enacted it must be ratified by a simple majority of the existing sates. It failed to be ratified by the states, twice.

And so, off we go to the attic.

Don't drag your ignorant political argument into our photography forum, please.


What are you saying? That the 16th Amendment wasn’t ratified? It most certainly was. You’re the one trying drag this into the Attic. All she did was answer the OP’s question with factual info. The really funny thing is your comment about bringing a political argument to a photography forum. This post has nothing to do with photography.

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Feb 21, 2024 00:06:17   #
dwmoar Loc: Oregon, Willamette Valley
 
BebuLamar wrote:
Yours link doesnn't work. Perhaps you added the spaces?
Check out this website

Now I know how to do it. Thank you and thanks Linda.


yes there is a space after the first [ that should not be there.

If when sending or replying to a message on this forum you can click on the (show tags) link next to the Send and Preview buttons and you will then see all the supported tags and how they need to be used.

if you happen to type in the bbcode in a message even within the code tags the server will act upon the tag(s) as written and will not display the code. You also can not enter the decimal equivalent for the [ and ] as it will just show the decimal code such as &#91; and &#93;

I should of mentions to remove the space after the first square bracket

[ url=https://lint-to-webpage.com]Check out this website[/url]

then it would of looked like this

Check out this website

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Feb 21, 2024 00:07:12   #
dwmoar Loc: Oregon, Willamette Valley
 
Wyantry wrote:
I think that is a lot of folks (US) consults their feelings rather than facts . . . .


+1

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Feb 21, 2024 02:11:25   #
Mac Loc: Pittsburgh, Philadelphia now Hernando Co. Fl.
 
pendennis wrote:
you write like a Marxist sympathizer)


There is no reason to resort to insults and name calling. All that does is diminish the validity of your point. If your point was really strong enough to stand on its own you wouldn’t need to insult people and call them names.

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Feb 21, 2024 02:31:26   #
niteman3d Loc: South Central Pennsylvania, USA
 
Giving us history lessons that point us to do this or that because history proves one side's argument or the other is no longer relevant. History has never been here before... not even close. I just checked the debt clock. It's well over $34 *TRILLION* and ticking fast enough to make your head spin. The historical record has nothing to offer because never before has the national debt been insurmountable like it appears to be now:
https://www.msn.com/en-us/money/markets/us-debt-will-become-unsustainable-and-trigger-default-in-about-20-years-if-it-stays-on-current-path/ar-AA1hWadI#:~:text=US%20debt%20will%20become%20unsustainable%20in%20roughly%2020,would%20include%20debt%20monetization%20that%20produces%20significant%20inflation.

If you want a real eye-opener ask Copilot or some other AI search engine what will happen when the US defaults in twenty years, more or less. Nobody can bail us out of this one folks.

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Feb 21, 2024 07:01:11   #
cbabcock
 
pendennis wrote:
Whether "Robber Barons" ( a complete mischaracterization; you write like a Marxist sympathizer) spend the money on yachts or mansions, or the company plows back profits is immaterial.....
In modern times, Whether Donald Trump other modern business person, buys another golf course, builds a second Mar-a-Lago, etc., they're investing, not hoarding.

Money in the stock market is, for the most part, simply parked there. It produces nothing. It doesn't belong to the company, it is the way those with money trade ownership with each other. The company doesn't get that money to invest in new stuff or employees or CEOs. Only when the company sells new stock, or sells treasury shares, or uses earnings or borrows does that company have new money to invest.
When, as you say, an investor actually starts something new, or buys and puts money into an existing venture, that investor is actually pumping money into the economy.
Yet today most of the financial "news" is whether stock prices are up or down, and for every dollar used to buy stock at a higher price, the seller takes his money out. Real financial news would report whether wages are up or down, prices are up or down, production is up or down.

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Feb 21, 2024 09:08:24   #
pendennis
 
Mac wrote:
There is no reason to resort to insults and name calling. All that does is diminish the validity of your point. If your point was really strong enough to stand on its own you wouldn’t need to insult people and call them names.


Didn't call the writer a Marxist. Read what I actually wrote, not what you think I wrote. I merely stated that he wrote like one. Big difference.

Marxists, by definition, relish "class" warfare.

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Feb 21, 2024 09:18:53   #
pendennis
 
cbabcock wrote:
Money in the stock market is, for the most part, simply parked there. It produces nothing. It doesn't belong to the company, it is the way those with money trade ownership with each other. The company doesn't get that money to invest in new stuff or employees or CEOs. Only when the company sells new stock, or sells treasury shares, or uses earnings or borrows does that company have new money to invest.
When, as you say, an investor actually starts something new, or buys and puts money into an existing venture, that investor is actually pumping money into the economy.
Yet today most of the financial "news" is whether stock prices are up or down, and for every dollar used to buy stock at a higher price, the seller takes his money out. Real financial news would report whether wages are up or down, prices are up or down, production is up or down.
Money in the stock market is, for the most part, s... (show quote)


That's not what I wrote. The initial investment, and subsequent book value of the company, allows it to obtain capital in the open market. The trading of stocks in markets is driven by any number of financial factors, and those stock prices are driven by a company's performance, general market factors, and even political events. Corporate market value is reflected on the company's financial statements. Investments made on stock market trading is not sound financially.

Companies obtain investment capital in any number of ways - They can go to commercial or investment banks, they can float bonds, etc.

It's up to the investor to be educated in a company's financial statements. Stock markets are notoriously emotionally invested.

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