The Narrowing of the US Tax Base....

Interesting....

"Hollywood" understands what "Hollywood Economics" really are .....

..........................................................

Let's make it crystal clear....

One has to replant the orchard....

This is not going to happen without being able to undercut "BRIC"....

Bush started cutting down the orchard while removing freedom....and Obama is doing the same....2X+....

Tax restructuring along with the full removal of legal largesse are "must haves".....

Summers knows this well....but has proposed nothing meaningful....

Nothing meaningful has been proposed by anyone....who has the podium.... No one....

Pathetic....and proof positive the two party advertising lobbyist system has got to go....

End of story....
 
WHATEVER IS IS SPENT MUST EVENTUALLY BE TAXED, PLUS *INTEREST* FROM US.

These people, both Dems and Repubs must be thinking that THEY wont be the ones paying, I guess, because the debt is literally going to the moon.
 
Quote from thriftybob:

WHATEVER IS IS SPENT MUST EVENTUALLY BE TAXED, PLUS *INTEREST* FROM US.

These people, both Dems and Repubs must be thinking that THEY wont be the ones paying, I guess, because the debt is literally going to the moon.
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They won't be paying. They are the new aristocracy, or more accurately the new <i>Nomenklatura</i>. The <i>Nomenklatura</i> (for the unfamiliar) were the collection of barely humans who ran the Soviet Union and distributed the paltry created wealth, stealing most of it for themselves.

Congress is exempt from BOTH the new socialized medicine they are trying to impose on the rest of us serfs AND from insider trading laws.

That's right.

Insider trading is PERFECTLY LEGAL for congressmen.
 
Quote from Angrycat:

They won't be paying. They are the new aristocracy, or more accurately the new <i>Nomenklatura</i>. The <i>Nomenklatura</i> (for the unfamiliar) were the collection of barely humans who ran the Soviet Union and distributed the paltry created wealth, stealing most of it for themselves.

Congress is exempt from BOTH the new socialized medicine they are trying to impose on the rest of us serfs AND from insider trading laws.

That's right.

Insider trading is PERFECTLY LEGAL for congressmen.
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There are other important provisions for Congress which don't apply to us, the hoi polloi.... provisions which we pay for, of course.

That's why the USA appears to be an oligarchy rule society... and "we the people" are here simply to serve those in power and their cronies. Quite the opposite of the Founding Fathers original designs.

:mad:
 
Quote from Vista:

An interesting chart showing % of tax returns with zero liability. We went FUBAR very quickly.

http://paul.kedrosky.com/archives/2009/07/the_narrowing_o.html
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Sir,

There is only one upside to this chart. It makes it easier for the few to go "on strike" and send the government scrambling for incentives to actually work and invest (and stop immigrating out of the country!).

Without Gulags, even dear Stalin found he could not force workers to perform. And then, even in the Gulags, labour did not perform. The lessons of history, it seems, are never learned. There is a Russian saying: The only thing history teaches us is that history teaches us nothing.
 
Taxation without representation...
The New York Post reports that congressional plans to fund a massive health-care overhaul would create a tax rate of nearly 60 percent for New York's top earners. Myron Magnet also focuses on New York in an article on "The obsolete New York model." Magnet notes:

It's worth recalling that when the Founding Fathers led the American colonists in revolt against British oppression, they weren't rebelling against torture on the rack or being chained in galleys or having to let aristocrats deflower their daughters. They were rebelling against taxes. To them, having to pay duties they hadn't voted for themselves was a tyrannical taking of property--theft--and, in true Lockean fashion, they concluded that since government exists to protect life, liberty, and property, a regime that does the opposite renders itself illegitimate. What would they make, then, of today's New York City, where 1.2 percent of the taxpayers--40,000 households--pay 50 percent of the income taxes, and half the households pay no income tax at all? If the tax code ensures that those who pay the bulk of the taxes are always a minority of those who vote for the legislature that imposes the taxes, isn't that taxation without representation? Isn't it also the tyranny of the majority that the Founders tried to prevent?

Magnet's important article is consistent with the analysis that John Hinderaker and I brought to related issues in our essay "Broad ownership needs broad taxpaying." I also revisited the issue last fall in the Christian Science Monitor column "Obama, Joe the plumber and the gospel of envy." Key quote (Aristotle's warning): "If the majority distributes among itself the things of a minority, it is evident that it will destroy the city."

http://www.powerlineblog.com/archives/2009/07/024063.php
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First California then New York. Watch the Unions do to the USA what they did to the car industry....

Join a Union or get a job in Government.... Hope and Change.
 
Quote from Angrycat:

This country is done. Time to look for a new one.
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My feeling exactly. Where are you looking, and how do you plan to preserve wealth in the interim?

Thanks.
 
This is not taxation without representation. You have elected representatives, they just arent doing what you would like them to do. I feel the same way but tea baggers are retarded.
 
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