How to Fix the Phony Budget Crisis

Discussion in 'Economy' started by georgephillip, Mar 4, 2011.

  1. georgephillip
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    georgephillip Gold Member Supporting Member

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    Can you say Norway?

    How about Wealth Tax??

    "Times are tough. Someone has to pay. Why not start with those who can most afford it?...

    "In Norway, for example, you pay one percent of your net worth in addition to income tax.

    "What if we imposed a Norwegian-style wealth tax on the top one percent of U.S. households?

    "We’re not talking upper middle class here: the poorest among them is worth a mere $8.3 million.

    "This top one percent owns 35 percent of all wealth in the United States.

    “'Such a wealth tax…would raise $191.1 billion each year (one percent of $19.1 trillion), a significant attack on the deficit,' Leon Friedman writes in The Nation. 'If we extended the tax to the top 5 percent, we could raise $338.5 billion a year (one percent of 62 percent of $54.6 trillion).'”

    Tell the rich to pay up or pack up.
     
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  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    In stead of punishing people who actually earn money how about punishing those that actively work to destroy the US Dollars' value?

    Let's start with the Federal Reserve.
     
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  3. Trajan
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    Trajan conscientia mille testes

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    :lol:;)
     
  4. Midnight Marauder
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    Midnight Marauder BANNED

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    Punish success. What a novel idea.:rolleyes:
     
    Last edited: Mar 4, 2011
  5. georgephillip
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    georgephillip Gold Member Supporting Member

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    "During the past year(2009), the Fed has flooded the streets with money--distributing trillions of dollars to banks, financial markets and commercial interests--in an attempt to revive the credit system and get the economy growing again.

    "As a result, the awesome authority of this cloistered institution is visible to many ordinary Americans for the first time.

    "People and politicians are shocked and confused, and also angered, by what they see. They are beginning to ask some hard questions for which Federal Reserve governors do not have satisfactory answers."

    It does seem like the Fed is how Wall Street manipulates the US Treasury. The latest machination involves "too big to fail/save" banks frontrunning the Fed.

    The first big problem seems to be getting agreement on whether the Fed is a public or private banking institution?
     
  6. Charles_Main
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    Charles_Main AR15 Owner

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    ok, next on the list, George Soros
     
  7. georgephillip
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    georgephillip Gold Member Supporting Member

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    If a more "hands on" kinda thug beats you like a rented mule and successfully transfers all your money and valuables into his pockets, do you want him punished?

    Or are you a "bleeding heart" liberal?
     
  8. georgephillip
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    georgephillip Gold Member Supporting Member

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    Sounds good to me.

    How do you feel about Poppy Bush?
     
  9. Immanuel
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    Immanuel Gold Member

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    Wanna know something?

    I wouldn't mind all the rhetoric about the rich paying more in taxes if it was not formed in the manner of "blame the rich". "It is all the rich people's fault. Make them pay their fair share."

    Turn it around and present it like this, "Hey you wealthy people, we the poor and middle class of the United States of America need your help. We're going to have to raise your taxes because there just is not enough in our coffers left to fix this problem."

    I really hate the whining about how terrible rich people are for actually succeeding in life. Which of us wouldn't like to be in their shoes?

    Immie
     
  10. Midnight Marauder
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    Midnight Marauder BANNED

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    That's essentially what you're proposing, buttnozzle. Confiscation of wealth, just because they have wealth.
     

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