Our Economy Could Be In Surplus In Less Than A Year With A 1% Wall Street Sales Tax

Originally posted by orionthehunter
How about instead of taxing the crap out of people's life long savings we just instead put a 90 percent tax on the income of everyone proposing new taxes to solve all the problems.
Sorry for the rant but this idea of making things better by stealing from people who have been working all their lives to save money for retirement just makes me

Read the original post again - slowly. What you are complaining about has nothing to do with what is being proposed.

A Sales or Transaction tax would only effect actual transactions, buying, selling. Distributions from individual accounts would be exempt or tax only above a certain threshold.

The idea, in use in many countries, discourages SPECULATION not saving.

Folks here could benefit from cutting down on energy drinks, switching to chamomile tea and slowing down. Your brain will work better.

Originally posted by neo96
reply to post by sonnny1

 

They don't want to fix the problems that would put them out of a job, reduce their power the more problems they create means "job security".

Yes.

And that goes for ALL the current Politicians.

Democrats and Republicans.

So WHY do we continue to vote for these A-Holes? A majority of Americans are still too blind to see past the illusion they live in.

reply to post by sonnny1


Because we Amerikans do so love to elect scapegoats so we don't have to take responsiblity for anything.

IMO.

reply to post by neo96


Entitlement programs are supposed to cost more money than other programs. There is nothing strange about this. The reason entitlement programs have been more costly than before and put us heavier into deficit spending, is because fewer americans work and they are low paying jobs thus they cannot contribute their fair share of deposits anymore.

And what about the corporate bailouts? Bush had spent $700 billion and Obama about $5 trillion. In a capitalist society you are not supposed to bailout any business. If they make wrong decisions then you are supposed to let them fail. Both democrats and republicans don't get this!

The SS trust no longer exists I am afraid. They are drawing from the general fund last time I heard.

Originally posted by MidnightTide
reply to post by poet1b

 

It is a scam, and the sooner we get rid of it the better off we will be. Government has no place in providing it anyway, let me decide what I want to invest in.

As to those who have paid all their lives into it, they should be able to receive it until they die. But there should be a cut off point - and yes, I will be one of those who will have paid into it for decades but won't receive anything.

(I feel it won't be around when I am of an age to receive it anyway as it is unsustainable)

You are such a peach - looking out for number one. Frightened much.

(forgive me - I get so tired....)

reply to post by neo96


so lets no look at the cause of the deficit

It’s now up to 21 states. In 21 states, they’ve passed a law that says that taxes withheld from your paycheck, for the state, can be kept by the company. Now, every employer doesn’t get this windfall — you have to have to get a deal from the government to do it — 2,700 big companies, every big company you’ve ever heard of, General Electric, Procter and Gamble, Deutsche Bank, you name it, they’ve got these deals, where they get to keep the taxes. Billions of dollars are diverted this way. You know the best thing for the companies about this?


The workers don’t know

www.addictinginfo.org...

so instead of looking at cooperation's abusing tax payers, you blame the poor.

you demand a pound of flesh from the poor while looking the other way to corps exploiting the tax system

will full ignorance or inconvenient truth?

dosnt fit your naritive of the entitlement class?

you are transparent, blame the poor ignore the corps and the rich gaming the system.

you must really hate poor people to excuse your corporate masters for their crimes.

xploder

Originally posted by neo96
reply to post by sonnny1

 

Because we Amerikans do so love to elect scapegoats so we don't have to take responsiblity for anything.

IMO.

Soon the day of Reckoning will be at hand for Every American. We are close to full economic meltdown, regardless of what the talking heads say. You would have to be a complete idiot not to see what is going on. Unfortunately, many Americans are part of "that" crowd. We both see it for what it is, regardless if we might agree or disagree on how to fix it, or stop it. I don't think it can be stopped, and I sometimes think it cant be fixed. MHO.

reply to post by EarthCitizen07

Entitlement programs are supposed to cost more money than other programs. There is nothing strange about this.

Social programs destroy jobs and wealth and the scapegoat is the topic of this thread.

The reason entitlement programs have been more costly than before and put us heavier into deficit spending, is because fewer americans work and they are low paying jobs thus they cannot contribute their fair share of deposits anymore.

Party true, the federal reserve printing presses, and once upon a time in Amerika we were a producer where we are nothing but the worlds largest consumer.

And no they never have contributed their fair share, the big 3 should have never been created in the first place because from their inception they could never be funded-self sustained and to feed that monster more regulations,more printing and everything else done to "help" people has compounded those problems.

And people think take 1% money is going to solve anything.

And what about the corporate bailouts? Bush had spent $700 billion and Obama about $5 trillion.

Give me a second someone actually saying Obama spent more than Bush is shocking.

In a capitalist society you are not supposed to bailout any business

In a capitalist society you don't baliout business or people thus we do not live in a "capitalist society".

reply to post by sonnny1


you blame the poor and ignore the tax route for the wealthy offshoring income to "avoid tax" liabilities,
and corps keeping collected taxes.

this is called ignoring the problem so you can blame those you dislike

xploder

reply to post by XPLodER


So to prove i like people I just have to steal money from the rich folk and give it to the poor folks!!!!

Really do need to stop that nonsense.

reply to post by sonnny1

Soon the day of Reckoning will be at hand for Every American.

We are not far behind Europe,Greece, and Cyprus we are on a sinking ship instead of battening down the hatches they are opening all the watertight bulkhead doors.

Originally posted by neo96
reply to post by XPLodER

 

So to prove i like people I just have to steal money from the rich folk and give it to the poor folks!!!!

Really do need to stop that nonsense.

at least direct your outrage at the real problem,
you purposely over look the real source of the problem,
to scape goat the poor.

you could at lest try to hide your disgust of the poor,
where is your condemnation of the 1600 big businesses keeping taxes collected from workers?

can you be not biased for 10 mins and discuss this?

xploder

reply to post by FyreByrd


I am saying that one tax will lead to another tax. I believe putting a tax on people's life long savings every time they buy and sell is about the same thing as stealing those life long savings. What do you think everyday middle class people are buying stocks or bonds with, extra cash lying around the house? It is their money they have saved up in retirement accounts all their lives. If I had as much as 500K in my 401K, then I decided to go out and buy shares in Apple or some other company, the greedy government would suddenly think it's ok to tax my life long savings $5,000 just for buying it. If it decided I made a bad investment the next day or year and sold it. They would take another $5,000. Repeat this for every transaction and this is fair? I say it is not. I believe it would cause massive stock losses and selling. I already spelled out the scenario. If they wanted to make something like this fair, they would exempt people whose incomes were less than a certain dollar amount and limit how much they take from others. Proposing massive new taxes still makes me angry.

reply to post by XPLodER

at least direct your outrage at the real problem, you purposely over look the real source of the problem, to scape goat the poor.

Yeah right www.abovetopsecret.com...

you could at lest try to hide your disgust of the poor, where is your condemnation of the 1600 big businesses keeping taxes collected from workers?

Comments like those is biggest reason among many why I support ENDING income taxes.


We can talk about bias all day long as the vilification of rich,and corporations is the biggest BIAS on display in this thread.

Originally posted by FyreByrd

Originally posted by MidnightTide
reply to post by poet1b

 

It is a scam, and the sooner we get rid of it the better off we will be. Government has no place in providing it anyway, let me decide what I want to invest in.

As to those who have paid all their lives into it, they should be able to receive it until they die. But there should be a cut off point - and yes, I will be one of those who will have paid into it for decades but won't receive anything.

(I feel it won't be around when I am of an age to receive it anyway as it is unsustainable)

You are such a peach - looking out for number one. Frightened much.

(forgive me - I get so tired....)

At least I am honest, unlike people like yourself who peddle your FOR THE PEOPLE rhetoric.

(and take away all the niceties of comfort, you will be the same way)

Originally posted by XPLodER
reply to post by sonnny1

 

you blame the poor and ignore the tax route for the wealthy offshoring income to "avoid tax" liabilities,
and corps keeping collected taxes.

this is called ignoring the problem so you can blame those you dislike

xploder

I blame the Poor for nothing, except voting in idiots that they believe will help this Country, or help themselves out of hardship. I blame the rich for doing the same. I blame those in the middle, who cant or don't even want to vote, then cry that they are victims in all this also. Seems like everyone is pissed at Congress, but can care less to change the very thing that they are pissed about. Its insane.

Also, our President, and those serving "us" are the very one using these loopholes, Republican and Democrat alike ! You make it seem that Obama and those who profess to be helping the poor, are poor themselves............ Ridiculous to even fathom the Democrats really want to help those in need. They are as rich as the 1% they want to demonize. And folks swallow it, hook line and sinker. So, are you part of the problem, or solution? Do you really believe in fiat money? Really believe that the current administration "cares" for your well being? If so, find your spot in Americas Caste system....and live with that current thinking. I for one want no part of it, and am willing to think outside the box for the betterment of America, regardless if it would hurt me financially.

Yea but u do know your tax dollars ain't going to pay the debt. It's going to go to run some blackhole programs to get some insiders rich. That's just how Washington is ran. If u want to make it work u would have to clean out everyone from Washington first.

Originally posted by neo96

Social programs destroy jobs and wealth and the scapegoat is the topic of this thread.

No they don't destroy jobs and wealth, they simply reduce the profit margin of business. Liberalism is about a welfare state attached to a capitalist system. Even the republicans believe in a small welfare state. The democrats in a bigger one.

Party true, the federal reserve printing presses, and once upon a time in Amerika we were a producer where we are nothing but the worlds largest consumer.

And we can thank the wall street investors and speculators and the big banks for their enormous lust for new markets and the cheap labor that comes with that. They put their profit motive way above the good of america and government bought-out has no quarrels apparently.

And no they never have contributed their fair share, the big 3 should have never been created in the first place because from their inception they could never be funded-self sustained and to feed that monster more regulations,more printing and everything else done to "help" people has compounded those problems.

I am no fan of the federal reserve or private central banking. I am also no fan of gold standard nonsense. I believe in public central banks and commercial banks paying interest to the government.

And people think take 1% money is going to solve anything.

I have not studied the proposal enough to make any determination. Anything that really works is good enough at the 11th hour.

Give me a second someone actually saying Obama spent more than Bush is shocking.

I dislike both now for many years. There should not be any shock.

In a capitalist society you don't baliout business or people thus we do not live in a "capitalist society".

What we have is criminal liberalism. It is fine to be liberal to a point, but everyone living on the government dime only devalues the currency more and more till final collapse. Add the wars and big military to the mix. It seems nothing has been left to chance by the masterminds of this great conspiracy. I am not going to speculate on this grand conspiracy but I will say it has nothing to do with socialism or communism. I will let thirdeyeofhorus believe whatever she wants though.

Socialism implies mixed economy and communism is public economy 100%. In america everything is private thus we have capitalism, but is the liberal type.

reply to post by EarthCitizen07

No they don't destroy jobs and wealth, they simply reduce the profit margin of business.

No they do they destroy the "profit margins" of everyone.

And we can thank the wall street investors and speculators and the big banks for their enormous lust for new markets and the cheap labor that comes with that.

Nope between the Government regulation of said markets and the Federal reserves setting the rates for all financial vehicles in this country I will disagree.

Case in point Goverment created Fanny and Freddy the same peoplewho created those created MERS which created the mortgage debacle we all saw.

I am no fan of the federal reserve or private central banking. I am also no fan of gold standard nonsense. I believe in public central banks and commercial banks paying interest to the government.

I am a fan of gold or silver backed currency Fiat currency is a major problem.

Socialism implies mixed economy and communism is public economy 100%. In america everything is private thus we have capitalism, but is the liberal type.

Keep thinking that considering between SS,Medicare,Medicaid are larger than their private counterparts all government ran.

There is not a single retirement or insurance provider that has that many on their rolls.

Originally posted by neo96
reply to post by XPLodER

 

So to prove i like people I just have to steal money from the rich folk and give it to the poor folks!!!!

Really do need to stop that nonsense.

I like redistribution of wealth provided it actually took from the billionares and trillionares and gave it to the middle class(whom includes upper middle as well). What we have is upper middle class being distributed to the lower middle class because the really rich send their monies to switzerland, bahamas, cayman islands or simply buy bonds to collect interest.

Rich people should LOVE liberalism since they can collect more and more interest from the growing debt. Poor people can't afford to buy government bonds because they live paycheck to paycheck.

I am a progressive not a liberal. And a real one at that! Go ahead and hate me. Call me a commie just like I call people like you zionist warmongers. Happy?