Bob Brinker Free Discussion Site 59,820+

» honeyoneohone - Re: Brinker Will Quit Radio Show if Taxes Go Up

In response to Brinker Will Quit Radio Show if Taxes Go Up posted by JIMMY62:

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If anyone is shivering in his/her boots for fear that Brinker will retire/quit over any changes in Social Security, take comfort. Brinker has been threatening to retire/quit for almost 10 years now.

Here he is back in 1997 posting as don lane/mistertopes:

http://www.suite101.com/discussion.cfm/i...

To:James A. Bohan who wrote (1166)
From: mister topes Tuesday, Aug 12, 1997 11:17 PM
Respond to of 20897

Brinker has no interest whatsoever in being another stockpicker.
He has shown this for the last decade by very rarely recommending
stocks in his newsletter. His recommendation of Microsoft at
$8 in and Vodafone at $17 are among his very few picks over the
years along with a handful of smaller companies on rare occasions.
He obviously cannot offer his service by email because most
people do not have email available to them. It is easy for
those of us online to forget the fact that the vast majority
of people do not have email available to them at this juncture.

I will be satisified if he continues to publish Marketimer.
He only takes one year subscriptions because of his stated desire
to limit his obligation to one year maximum at a time. I for one
believe he could decide to devote fulltime to his golfgame at
any time. Perhaps the upcoming contract expiration will tell more.

http://www.siliconinvestor.com/stocktalk...

-- posted by honeyoneohone

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» honeyoneohone - Re: Brinker Will Quit Radio Show if Taxes Go Up

In response to Brinker Will Quit Radio Show if Taxes Go Up posted by JIMMY62:

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Here is another one of his threatening posts:

http://www.suite101.com/discussion.cfm/i...

To:marc ultra who wrote (1308)
From: mister topes Saturday, Aug 23, 1997 9:33 PM
Respond to of 20897

If Brinker decides to pack it in this December he can point to
a twelve year run on national radio which has probably brought
thousands of listeners into critical mass. I doubt very much
whether he feels obligated to remain on every weekend for any
reason other than his own personal satisfaction.
If he decides to spend more time on the golf course and
leave radio, I say more power to him.
As for his newsletter, I am sure you have noticed you cannot buy more
than a one year subscription. This is an obvious way for him to
protect his future freedom by limiting his newsletter committment
to one year or less at any one time. Therefore he could easily
stop accepting new subscribers and stop writing within 12 months.
He has always said on the radio he admired Rocky Marciano's decision
to retire as the undefeated champion of the world. Rocky knew best.

http://www.siliconinvestor.com/stocktalk...

-- posted by honeyoneohone

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» honeyoneohone - Re: Brinker Will Quit Radio Show if Taxes Go Up

In response to Brinker Will Quit Radio Show if Taxes Go Up posted by JIMMY62:

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Here is a slightly veiled, but still obvious, threat:

http://www.suite101.com/discussion.cfm/i...

To:Alan Bell who wrote (2360)
From: mister topes Wednesday, Dec 10, 1997 11:10 PM
View Replies (5) | Respond to of 20897

I have learned from ABC Radio that the Motley Fools will be
on the air hosting Moneytalk for the balance of 1997 beginning
December 20. This confirms that Brinker will do his final
Moneytalk programs for 1997 on December 13 and 14.
As far as I know, ABC has made no announcement as to whether
Brinker will return in 1998, however his contract expires
this month as discussed earlier on this thread. I would not
expect Brinker to comment on contract negotiations on the
program regardless of whether anybody calls about it or not,
since only ABC would be authorized to make any public comment
or maybe they would not even comment during delicate last minute
negotiations. Actually, for network radio, 12 years is a very long run.

http://www.siliconinvestor.com/stocktalk...

-- posted by honeyoneohone

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» honeyoneohone - Re: Brinker Will Quit Radio Show if Taxes Go Up

In response to Brinker Will Quit Radio Show if Taxes Go Up posted by JIMMY62:

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Brinker's contempt for his competition drips like pus from his words. The insecurity of this man is astounding as he again threatens to retire--while mocking anyone who might replace him:

http://www.suite101.com/discussion.cfm/i...

To:Alan Bell who wrote (2453)
From: mister topes Wednesday, Dec 17, 1997 10:31 PM
View Replies (3) | Respond to of 20897

Has anyone noticed that the Motley Fools have said nothing about
any future appearances on Moneytalk? This makes me think there
is no chance whatsoever they will be substituting for The Brink
this coming weekend or the following weekend.
So who will it be? Are we in for another visit from the
Heavenly Goddess of Money who will tell us she still has copies
of her latest book available for last minute stocking stuffers?
Or will it perhaps be the amazing and exciting William of Flanagan
who will do his best to put us to sleep very early on Saturday and
Sunday evening as he once again proves he is King of the Moneytalk
Lightweights. I had a nightmare last night and woke up yelling
as I saw Brinker joining the PGA Senior Tour leaving the
Moneytalk faithful trying to figure out the future for themselves.
Maybe in a couple weeks we'll all find out this is what happened!
Oh well, there's always Lady Garz and Little Jimmy to guide us
to oblivion.

http://www.siliconinvestor.com/stocktalk...

-- posted by honeyoneohone

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» honeyoneohone - Re: Re: Brinker Will Quit Radio Show if Taxes Go Up

In response to Re: Brinker Will Quit Radio Show if Taxes Go Up posted by honeyoneohone:

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Brinker gets indignant, lists all of the stations he is on, and again sarcastically hints at retiring:

http://www.suite101.com/discussion.cfm/i...

To:Loeber who wrote (3344)
From: mister topes Friday, Feb 13, 1998 12:06 AM
View Replies (2) | Respond to of 20900

You are completely wrong in your assertion that Moneytalk has lost
stations before and it did not matter. The fact is Moneytalk only
rarely loses stations and they are always smaller markets which
can change due to format switches. These stations have few
listeners anyway so it does not really matter much. But the very
large stations have had loyalty to Moneytalk for up to twelve
years including KGO San Francisco WLS Chicago. Others with
long term loyalty are WABC New York WRKO Boston KABC Los Angeles
WBAP Dallas-Fort Worth WHO Des Moines WWL New Orleans KIRO Seattle
KXL Portland KSDO San Diego KOB Albuquerque KCMO Kansas City
WISN Milwaukee WBT Charlotte WHAM Rochester WBEN Buffalo etc.
If the KGO's of the world drop out, Brinker should take up golf
fulltime which I suspect he would enjoy immensely. And if he
starts telling any local stations how they should manage their
affairs, he should be committed for psychiatric care immediately.

http://www.siliconinvestor.com/stocktalk...

-- posted by honeyoneohone

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» BrianMcG - Re: Brinker Will Quit Radio Show if Taxes Go Up

In response to Brinker Will Quit Radio Show if Taxes Go Up posted by JIMMY62:

"If and when Bob quits, the controlling reason will not be tax rates. . . . He already has much more than he can spend."

How do we know this? Has he invested all of his money wisely? How much did he drop on the QQQQ fiasco? Did he lose a bundle in a divorce? High living? Did he ahd Sheldon Jacobs part amicably, and without any financial settlement? I hear he lives in Nevada. It is easy to turn a large fortune into a small one at the Nevada tables. Just because the guy has a spot on a national radio network does not mean he is a rich man. I remember some years ago when an heir to the Du Pont fortune had to file bankruptcy. Some people seem a lot smarter and a lot richer than they really are.

-- posted by BrianMcG

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» BrianMcG - Re: Re: Brinker Will Quit Radio Show if Taxes Go Up

In response to Re: Brinker Will Quit Radio Show if Taxes Go Up posted by Kirk:

You wrote: "If you do a quick estimate of Brinker’s business, lifting the cap on Social Security would mean an additional tax of 12.4% on $36,000,000 a year or roughly $4,464,000."

"Lifting" the cap doesn't mean "eliminating" the cap. I believe it is currently $90,000/year. What makes you think it would be raised as high as $36 million? Further, the tax is on earned income, not investment income. If Brinker takes in anywhere near $36 million a year, what makes you think it is all earned income? If he has that kind of income and doesn't know how to arrange it so that a substantial portion comes in as dividends, he is a poor adviser indeed.

-- posted by BrianMcG

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» BrianMcG - Re: Re: Brinker Will Quit Radio Show if Taxes Go Up

In response to Re: Brinker Will Quit Radio Show if Taxes Go Up posted by Kirk:

"The tax code is complicated so the campaign contributors can have loopholes that they can market for a fee. It is rather sickening when you get right down to it."

It is. A major tax reform would do wonders for tax fairness and for economic vitality. I like the flat tax idea, though I am under no illusions that it would ever pass. And if it did, Congress would immediately start tinkering with it. A national sales tax, something like the balloon Bush floated a few months ago, also has some appeal. But I think it is a mistake to let the tax tail wag the investment dog. People pay income tax when they have income. It's better to have income than not to have it.

-- posted by BrianMcG

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» honeyoneohone - Re: Re: Re: Brinker Will Quit Radio Show if Taxes Go Up

In response to Re: Re: Brinker Will Quit Radio Show if Taxes Go Up posted by BrianMcG:

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I like the flat tax idea, too, but as time goes on and people have more and more money in tax-sheltered IRAs, etc., it seems less and less likely that it will ever happen.

-- posted by honeyoneohone

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» permabear - Lifting the cap is a good idea

For the following reasons:

1. Everyone, including Brinker, admit that the Social Security tax is not being held in a lock box for future Social Security recipients. The money is all going into the general fund. With a cap of $90,000, it is basically a regressive tax impacting the poor much more thant the rich.

2. Private accounts are not the solution to solving the demographic problem or Social Security's future finances. There is only one solution. Either raise revenues or reduce benefits. The ultimate political solution will be a combination of the two.

3. The country is running a budget deficit of $427 billion dollars this year....HELLO!!!! Since Bush's tax cuts (for the rich), revenues as a percentage of GDP are the lowest they've been since the 1950s. Spending cuts alone will not solve the budget problem. We need revenue increases from many different sources if we are going to ever balance the budget again in the future.

4. The concentration of wealth in this country has never been greater. The rich (like Bob Brinker) are getting richer. The poor are getting poorer. And the middle class is shrinking. One of the main reasons why the rich are doing so well these days: massive tax cuts for the rich. If we want to avoid ending up like another Latin American type country with the small wealthy few dominating the masses of poor, than keep on with these ridiculous supply side policies. Progressive taxation is the only way to protect the poor and middle class.

-- posted by permabear

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