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

reply to post by sonnny1


Thing is you couldn't quit even if you wanted to. Contrary to popular belief state funds do not go to everyone that needs them. Unemployment has limits and you have to prove you are looking for multiple jobs, that you didn't get fired and it lasts for a few years. Then you are out of luck unless you qualify for welfare payments which means there is something wrong with you and you desperately need assistance.

Only corporate america enjoys being on welfare, all the quantitive easing nonsense that has been going on for years now. And contrary to the workers who most of the time lost their jobs or health for bad luck alone, business management made bad decisions to the point they should have been out of business. And if you are a small business you will never get bailouts. Only the *too big to fail* get them because supposedly america would be devasted if bailouts were not given; maybe to a small extent yes, but not 5 trillion dollars for gods sake.

I fully support small and medium size business, but dislike big business that cheats their way to heaven. What does this make me? A socialist, a capitalist or a communist? Forgive me for over-reacting some times but I just can't stand misplaced anger. It burns my behind!

Originally posted by neo96

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

I do regret this already and ashamed that I'm replying to your post.

This is an outright lie. Social Programs create jobs and create wealth by helping people to help themselves. Something, apparently you know nothing about.

This thread, as you call it, had nothing to do with social programs or politics or anything other then presenting an interesting idea for People (not pigs) to bat around.

reply to post by FyreByrd

This is an outright lie. Social Programs create jobs and create wealth by helping people to help themselves. Something, apparently you know nothing about.

No it's not they do not create jobs because the money taken to fund those programs is taken from others it is a shell game that does nothing move money around it does nothing to introduce new wealth in to the system.

That person on SS getting 1000 bucks a money compared to a person who has a 401k or other investment on Wall Street

Guess which one creates jobs, and puts new money into the economy?

Has absolutely everything to do with this thread a taking more money from Wall Street supposedly is going to fix the MASSIVE deficit we are running.

Is a pipe dream.

Originally posted by neo96
reply to post by FyreByrd

 

This is an outright lie. Social Programs create jobs and create wealth by helping people to help themselves. Something, apparently you know nothing about.

No it's not they do not create jobs because the money taken to fund those programs is taken from others it is a shell game that does nothing move money around it does nothing to introduce new wealth in to the system.

That person on SS getting 1000 bucks a money compared to a person who has a 401k or other investment on Wall Street

Guess which one creates jobs, and puts new money into the economy?

Has absolutely everything to do with this thread a taking more money from Wall Street supposedly is going to fix the MASSIVE deficit we are running.

Is a pipe dream.

edit on 26-3-2013 by neo96 because: (no reason given)

Regardless if money is earned or stolen, without a redistribution system and without a social welfare system, ALL of the money will eventually trickle UPWARDS, not downwards which is what the reagonimics myth was all about.

When you start a business you try to maximise profits and pay employees less than what they are worth. You try to keep all costs relatively low.

Now try to picture this system of trickle up for decades and then centuries. It is why certain families manage to accumulate immense wealth and the gullible "paycheck to paycheck" types spend more than what they make by using credit.

Marxism had a reason for coming into existance and it requires a big government to achieve this. But not all big governments are marxist. America is a classic example of a large government with croney capitalism and a robbed social welfare system.

reply to post by neo96


The private pension plans and 401k plans are doing worse than SS.

These plans have been robbed by the people who were supposed to manage them, building up losses while the stockmarket climbed.

Which is more reason why stock purchases should be taxed.

reply to post by coldkidc


True, but should we be advocating any new taxes? Don't they catch us in enough spots already? Government officials often plead the fact that the minority will only be affected by each new tax. But under that rationale, everyone of us are a minority in one cause or another and will get burned at one time or another. I say lets put an end to all new taxes and straighten out the ones we already have.

reply to post by poet1b

The private pension plans and 401k plans are doing worse than SS.

These plans have been robbed by the people who were supposed to manage them, building up losses while the stockmarket climbed.

Really would be nice if people knew what the hell they were talking about :

From 2011

Retirement accounts held about $8.7 trillion in the third quarter of 2007. However, 401(k)s and IRAs then lost 31 percent of their peak value and held just $6 trillion by the end of the first quarter of 2009. Retirement accounts finally rebounded to their peak value, again reaching $8.7 trillion, in the first quarter of 2011, a

Today 2013

People are raiding their own 401k seems to me if managers were "robbing" them there would be nothing to raid.

www.zerohedge.com...

reply to post by neo96


I wish you knew what you are talking about.

Your post says nothing about the performance of 401k plans or private pension funds.

The poor performance of these plans has been well reported.

reply to post by poet1b


I wouldn't call 401ks with a value of 9 trillion dollars poor performance

most people wouldn't either.

reply to post by neo96


You are wrong.

www.mymoneyblog.com...

Good for some, bad for others

reply to post by kenpachi7


IT would crash the stock market, that's not good for anyone in the long run.