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#181
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OT - Failure of Society
Chalo wrote:
Ron Ruff wrote: The reason why Reagan, Bush I, and Bush II ran up huge deficits was because it does in fact boost the economy. Of course this is temporary. It's like putting extra spending money on the credit card. They did this to mask the fact that their socio-economic policies were gutting the middle class and ruining our economy. Then the pile of financial fraud (a separate issue) finally hit the fan in 2008... and because the debt was already so high, we have no effective response. Paying down the debt will further tank the economy... there is no way around it... we are damned either way. That's not true. The super rich are not fairly taxed, and are not currently putting their fortunes to uses that benefit society as a whole. Not fairly taxed? Or just over paid? http://www.ato.gov.au/individuals/co...tent/12333.htm $180,001 and over $55,850 plus 45c for each $1 over $180,000 That is the highest tax threshold in Australia for individuals income tax. Unless you actively avoid paying tax, which I realise happens, it seems like quite a hefty tax bill. It seems difficult to understand how someone can be worth $180,000 , yet those that sit at the top are often paid far more. -- JS. |
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#182
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OT - Failure of Society
On Jun 21, 8:18*pm, Tșm ShermȘn °_° ""twshermanREMOVE\"@THI
$southslope.net" wrote: But the catastrophe is not necessary - a one-time wealth tax on the super rich would fix the problem. But has zero chance of happening for a million other reasons you've mentioned. |
#183
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OT - Failure of Society
"Ron Ruff" wrote in message
... On Jun 21, 11:29 am, Chalo wrote: That's not true. The super rich are not fairly taxed, and are not currently putting their fortunes to uses that benefit society as a whole. I think you are missing the point... paying down the debt will result in money being removed from the economy... at the time when we can least afford to do it. It would be very painful. I strongly suspect two things are going to happen before too long. We are indeed going to pay down the debt, but we are also going to raise taxes on the wealthy which will include the upper middle class, not just the super rich. If the economy suffers overall as a result, so be it! Better some pain than a total meltdown. Since I am as poor as a church mouse, it will not effect me. -- Ed Dolan the Great - Minnesota aka Saint Edward the Great - Order of the Perpetual Sorrows - Minnesota |
#184
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OT - Failure of Society
On Jun 19, 2:13*am, Frank Krygowski wrote:
On Jun 18, 3:44*pm, AMuzi wrote: That government governs best which governs least. Mogadishu? Not my idea of good governing. This just in: Small government! http://www.youtube.com/watch?v=saWCZ...&feature=share - Frank Krygowski |
#185
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OT - Failure of Society
On 6/22/2011 12:03 AM, Edward Dolan wrote:
"Tïżœm Shermïżœn " wrote in message ... On 6/21/2011 12:14 AM, Edward Dolan wrote: "T?m Sherm?n " wrote in message ... On 6/20/2011 7:46 PM, Edward Dolan wrote: [...] It is fine to cut taxes as long as you cut spending. Is this rocket science or what? Except the people will not accept spending being cut, and the politicians pander with false promises of tax cuts leading to *more* tax revenue, instead of showing real leadership. The first thing to do is to cut spending. Then we can talk about where taxes should be. We could start by ending the Zionist proxy wars against Iraq, Afghanistan and Yemen. Ending the military occupation of Germany would also result in substantial savings - the Warsaw Pact has been gone for two (2) decades now. I am fine with getting out of Europe, but the Middle East needs our presence for the oil if for no other reason. We also need to keep Iran and Pakistan boxed in. Boxed in for FedEx delivery? However, the bill is soon coming due, when the Chinese and Saudis stop buying US Treasury bonds. Then things will get ugly. We will see if the anger gets directed at the true culprits (the Wall Street elite) or towards the usual scapegoats (e.g. people of darker shades of skin color). The true anger will need to be directed at Obama and the Dems who refuse to cut spending. I think not even a Conservative congress and a Conservative president can save us from what has been wrought by Obama and the Dems. I used to think things would have to get worse before they could get better, but now I think we have gone so far overboard that all that is left for us is to become like the UK, second rate in every way. More like Colombia than the UK, the way things are headed. Of course, those who value power more than anything else would be happy at turning the US into a 3rd World nation. Trump values power and I doubt he wants the US to be a 3rd world nation. Trump is nothing but a shill who hires clever lawyers to use the bankruptcy courts as a way to screw over those who create his assets. The real downfall has been creating central banks run by a select circle of a few hundred international bankers, rather than democratic control of monetary policy. Note that Bush II's "Axis of Evil" was really the "Axis of Countries Without Central Banks". Of course, the last US president to issue real currency (and not Federal Reserve Notes) was assassinated. Bush had some guts to take on those countries that were a thorn in our side. Shrub took on Israel and the AIPAC lobby, who will fight Islamic nations down to the last US soldier and US taxpayer dollar? He belongs on Mt. Rushmore with the others. Now we are saddled with a gutless wonder who does not have a clue about anything. He is even worse than Carter, an outcome I hitherto thought was impossible. Obama knows how to take his orders, so he can retire to the $100K/speech circuit with his family alive and well. -- TÂșm ShermÂȘn - 42.435731,-83.985007 I am a vehicular cyclist. |
#186
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OT - Failure of Society
On 6/22/2011 12:09 AM, Edward Dolan wrote:
"Tïżœm Shermïżœn " wrote in message ... On 6/21/2011 1:19 PM, Edward Dolan wrote: wrote in message ... Ron Ruff wrote: The reason why Reagan, Bush I, and Bush II ran up huge deficits was because it does in fact boost the economy. Of course this is temporary. It's like putting extra spending money on the credit card. They did this to mask the fact that their socio-economic policies were gutting the middle class and ruining our economy. Then the pile of financial fraud (a separate issue) finally hit the fan in 2008... and because the debt was already so high, we have no effective response. Paying down the debt will further tank the economy... there is no way around it... we are damned either way. That's not true. The super rich are not fairly taxed, and are not currently putting their fortunes to uses that benefit society as a whole. The appearance of gratuitous, pointless financial derivatives like CDOs were naked evidence of two things: taxation of the ultra- wealthy was too low, and there were not enough disincentives for economically unproductive investments. The result was destructively rich people inventing destructive ways to try to multiply their already excessive fortunes-- and predictably, the crash that followed. Let us say all of the above is true. Have either the Dems or Repubs ever done anything to prevent any of it? I think not. [...] Both wings of the duopoly are primarily funded by the same Wall Street interests, so both fail to represent the people. Has it ever occurred to you that perhaps both the Repubs and the Dems represent the people perfectly? If you mean "the ten thousand or so richest families" by "the people", why yes. Without publicly funded elections and instant runoff voting, democracy is dead at the federal and state levels in the US. Democracy, like capitalism, is not perfect but it is still better than all other systems. Not for those who lust after power over others. -- TÂșm ShermÂȘn - 42.435731,-83.985007 I am a vehicular cyclist. |
#187
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OT - Failure of Society
On 6/22/2011 2:38 AM, Edward Dolan wrote:
"Ron wrote in message ... On Jun 21, 11:29 am, wrote: That's not true. The super rich are not fairly taxed, and are not currently putting their fortunes to uses that benefit society as a whole. I think you are missing the point... paying down the debt will result in money being removed from the economy... at the time when we can least afford to do it. It would be very painful. I strongly suspect two things are going to happen before too long. We are indeed going to pay down the debt, but we are also going to raise taxes on the wealthy which will include the upper middle class, not just the super rich. If the economy suffers overall as a result, so be it! Better some pain than a total meltdown. Since I am as poor as a church mouse, it will not effect me. Typical - the rich loot the treasury, and the working people pick up the tab. When the mainstream in the US finally admits that they have been "had", things will get ugly. -- TÂșm ShermÂȘn - 42.435731,-83.985007 I am a vehicular cyclist. |
#188
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OT - Failure of Society
On 6/22/2011 12:14 AM, Edward Dolan wrote:
"Tïżœm Shermïżœn " wrote in message ... On 6/21/2011 12:19 AM, Edward Dolan wrote: [...] A people who think Jerry Lewis was a great comedian are as ****ed up as you are. Trust me, you will be right at home there. Since the French convention is to dub foreign movies, I wonder if the voice actor was a large improvement on the original? Jerry Lewis was an unfunny jerk in any language. Only morons ever thought he was funny. But, as you should well know by now, I hate all comedy. It is for juveniles. Mr. Ed Dolan should be made to sit in the Comfy Chair, and forced to watch the collected works of Monty Python. -- TÂșm ShermÂȘn - 42.435731,-83.985007 I am a vehicular cyclist. |
#189
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OT - Failure of Society
On 6/22/2011 12:23 AM, Edward Dolan wrote:
"Tïżœm Shermïżœn " wrote in message ... On 6/21/2011 12:34 AM, Edward Dolan wrote: [...] The rich enjoy the freedom of a middle class dominated democracy just as much as anyone else. They do not want to live in fortresses and have to have body guards to protect them. How well off do you think the rich in Mexico are compared to the American middle class? Ed, you are neglecting more than two-thousand years of history. It has only been within the past hundred years or so that mankind has been able to enjoy mass wealth throughout a society. The Romans ruled the world, but the Roman people were as poor as church mice. But not the Roman aristocracy. Of course, empires are expensive to maintain, which is why they have all failed in relatively short order. Primarily, because one has to be a psychopath to become rich and powerful. No, they just value wealth and control more than most of us do. The vast majority of folks are more than satisfied with just a smattering of those two things. It is a pity that you are not. Ed Dolan, as usual, widely misses the mark. Envy is the worst of all the vices because it gives no pleasure. I do not envy the psychopathic rich. I wish to remove the parasites from society, not join them in evil. Nope, you envy them. It motivates your every utterance. I ignore them because they do not matter to me. I am satisfied with a modicum of wealth and power. Greed and envy is not part of my nature. Mr. Ed Dolan is either insane or trolling here. -- TÂșm ShermÂȘn - 42.435731,-83.985007 I am a vehicular cyclist. |
#190
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OT - Failure of Society
"Tșm ShermȘn °_°" " wrote in message ... On 6/22/2011 12:03 AM, Edward Dolan wrote: [...] Bush had some guts to take on those countries that were a thorn in our side. Shrub took on Israel and the AIPAC lobby, who will fight Islamic nations down to the last US soldier and US taxpayer dollar? US interests and Israeli interests are identical. He belongs on Mt. Rushmore with the others. Now we are saddled with a gutless wonder who does not have a clue about anything. He is even worse than Carter, an outcome I hitherto thought was impossible. Obama knows how to take his orders, so he can retire to the $100K/speech circuit with his family alive and well. Obama is your man, not mine! -- Ed Dolan the Great - Minnesota aka Saint Edward the Great - Order of the Perpetual Sorrows - Minnesota |
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