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This letter exemplifies why the right has become irrelevant.
Whatever anyone says here you make some good points. I too believe that the republicans are incapable of working in congress. Hell, if they were as good as their acclaimed "social conservative" status, then they would have no problem working "with" the democrats on a solution.
Our congressional system is so broken its ridiculous. If this was a company, it would have failed years ago.
Oh yeah, as for Carmine, he/she must know so much more than us. Oh my god, what would happen if the healthcare bill is passed and he/she benefits from it? The world might end.
(Roll back the Bush tax cuts!)
SURELY YOU JEST!!!
Did you actually expect anything different from a Congress and White House controlled by Democrats???
Village Jester (an Independent) is no fan of Republicans either, but his experience is the village tends to fare better when one party is not in total control ...
I also do not want to get denide health Insurance becuase of precondition!!
So we need reform now I have to agree on one thing we do not need a 1900 page law. I would only Tax those making over $250 K a year!!
Also, I've read a number of articles over the last year or so that point out that, even if we taxed the rich at 100%, there would not be enough $$$ to pay for all the bailouts and social programs Obama envisions.
Bottom line ... the middle class will pay, probably in the form of a Value Added Tax. That will raise the price of everything. Eventual and inevitable result: inflation and possibly hyper-inflation.
Buy gold ...
Also Obama didnt Envision BAIL OUTS .. that was the Brain Child of Henry Paulson and the Bush Administration .. the Same Henry Paulson that Ran GOLDMAN SACHS Brokerage ....Kinda ... also if you have paid attention in the meager brain of yours it was the Bush administration that wrote a 700 Billion dollar check that Bailed out AIG, Citigroup, Bank Of America etc etc and for the record Paulson is gone and Geithner is in charge, the program itself remains in the hands of Neel Kashkari, a holdover from the Bush administration.
So try to read fact before spouting of your own slant and take of the whole bailout crisis
And you have an Extra $1100 to buy 1.oz of Gold because most Americans are Unemployed thanks to the Fiscal Crisis of 2007
2) The idea that the rich can be taxed only so far before giving up is not mine (my brain's too meager to think of that). From Peggy Noonan's Oct 31 column in the Wall Street Journal, "We're Governed by Callous Children”:
"This week the New York Post carried a report that 1.5 million people had left high-tax New York state between 2000 and 2008, more than a million of them from even higher-tax New York City. They took their tax dollars with them—in 2006 alone more than $4 billion.
You know what New York, both state and city, will do to make up for the lost money. They'll raise taxes.
I talked with an executive this week with what we still call "the insurance companies" and will no doubt soon be calling Big Insura. (Take it away, Democratic National Committee.) He was thoughtful, reflective about the big picture. He talked about all the new proposed regulations on the industry. Rep. Barney Frank had just said on some cable show that the Democrats of the White House and Congress "are trying on every front to increase the role of government in the regulatory area." The executive said of Washington: "They don't understand that people can just stop, get out. I have friends and colleagues who've said to me 'I'm done.' " He spoke of his own increasing tax burden and said, "They don't understand that if they start to tax me so that I'm paying 60%, 55%, I'll stop."
He felt government doesn't understand that business in America is run by people, by human beings. Mr. Frank must believe America is populated by high-achieving robots who will obey whatever command he and his friends issue. But of course they're human, and they can become disheartened. They can pack it in, go elsewhere, quit what used to be called the rat race and might as well be called that again since the government seems to think they're all rats. (That would be you, Chamber of Commerce.)"
3) I reiterate: Value-Added Tax leading to inflation leading to hyper-inflation.
Buy gold...
If you can't afford gold, buy silver ...
BTW: Per cnn.com today, the unemployment rate is reported to be 10.2%. While many Americans are unemployed, "most" Americans are not. So try to read fact before spouting off your own slant and take of the whole financial/unemployment crisis.
Have a nice day, Anti. :-)
http://www.ntu.org/main/page.php?PageID=19 It's from the National Taxpayers Union. I'm curious how the rich were able to prosper while paying the amount of taxes they use to pay. In Germany the wealthy are petitioning the government to increase the taxes on the rich for 2 years to get the country back on it's feet... imagine such patriotism...just not in the USA.
I'm not saying that "the rich" shouldn't pay more as a percentage of their wealth than those of us who are not rich.
What I am saying is that trying to get out of a $12 trillion plus hole by taxing the rich will not solve the problem because, based on what I've read in various places over the last year or so
1) The rich couldn't come up with 12 trillion plus even if we taxed them 100%, and
2) At some point the rich (which include a lot of small business people who are rich not because they're greedy, as Antihaverhill would have us believe above, but are rich because they work their tails off creating business that provide jobs to those of us who are not rich) will simply say "why work my tail off if I have to fork most of it over to Uncle Sam?"
In other words, while saying "tax the rich" might make us feel good (and it does make me feel good), it belies the fact that someone other than the rich are going to have to eventually pay that $12 trillion plus ... probably (as in Europe) in the form of a Value-Added Tax that will just drive up the prices of things and hurt the non-rich.
The solution isn't "tax the rich," it's "curb the spending."
But, it is costing more than anyone predicted it would. Since 2006, total health care spending in the state has jumped 28 percent. Insurance premiums have been increasing 8-10 percent a year, nearly double the national average.