Tuesday, August 24, 2010

Rant on taxes and inflation?

I hate to say this. Really I do. But I'm for more taxes. Running the government off of loans from China is a bad idea and its killing the economy with inflation.





The question is have I lost my mind or are other people thinking the same thing? I think that if we paid for the Iraq war directly with a check made out to the government instead of a stealth tax through constant inflation people would say **** this a lot sooner...right now every dollar you spend is going in part to the war and Haliburton subsidies and tax cuts for the wealthiest 1%, which can afford to put their money in euros and escape inflation...this is just fucked up.Rant on taxes and inflation?
I like you. You must be a democrat.





Taxes aren't that bad if they pay for good things. This war is NOT a good thing.





And if inflation is so low, why am I paying $3 per gallon at the pump? And $4 for a gallon of milk?Rant on taxes and inflation?
Well--for one--inflation is relatively low right now--compared to what is has run in the past.





Second--The Iraq war---is expensive---but relatively short term--Welfare and other social programs take up a lot more of the Governments money--and have been around a much longer time--resulting several trillion dollars on the ';WAR ON POVERTY'; and to this day--the number of people living in POVERTY is roughly the same as it was when LBJ announced this so called WAR!---some forty plus years ago.





Third-US DEBT--now standing at roughly 9 trillion dollars----and a large portion of that debt--issued in Government bonds is held by the CHINESE!





This 9 trillion is roughly about 3% of the USA economy--hardly what I would consider an economy killer.





But I am with you in getting rid of it.--So should we abandon 25 million people to the radical islamist of the world--or should we start kicking people off welfare and telling them to get a JOB and work like the rest of us do.





Fourth--the top 10% of the people in America --PAY over 50% of the taxes--so if anybody deserves some TAX RELIEF--it's probably them.





By the way--the bottom 50% of tax payers account for less than 10% of all Federal taxes.





http://www.ntu.org/main/page.php?PageID=鈥?/a>





and lastly---reducing the income tax on the wealthy--means they spend more and invest more of their money--creating jobs and increases the amount of money that goes into the federal government.





http://www.washingtonpost.com/wp-dyn/con鈥?/a>
Well, I think the problem is more linked inflation in general and also devaluation of the dollar worldwide. Increasing our taxes really wouldn't do much due to devaluing of the dollar. I feel that our dependence on foreign oil and imports from places like China are really going to be our undoing. We don't manufacture goods here anymore, all because Chinese and foreign labor is cheaper!
No one is running the USA off loans from China, they are selling the USA to China, and every purchase at Walmart helps with that effort.


Start learning Chinese.


While Bush has everyone wrried about the Iranians, the Chinese are coming in through the back door.
I think we should stop spending so much. I agree though that we shouldn't be taking out loans from China to do things we can't afford.

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