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I really could care less what your real life personal situation is. If you really don't pay any taxes you just fall into the category of the same greedy crooks running this country. Nothing is ever enough for the 1%.
I'm no different than the 50% of the nation WHO PAYS NO INCOME TAXES.. Except I'm not running around demanding those who do, should pay more..
Quote:
Originally Posted by ErikBEggs
...thanks for that tidbit of information (everyone knows where property and sales taxes go).
Like I said, the 47% number is stupid as an argument. They pay FICA taxes.
FICA doesnt go towards funding the US Government, it goes to fund Social Security.. Its not even the same dam depository account and doesnt do a dam thing to fund the federal government either..
I'm no different than the 50% of the nation WHO PAYS NO INCOME TAXES.. Except I'm not running around demanding those who do, should pay more..
FICA doesnt go towards funding the US Government, it goes to fund Social Security.. Its not even the same dam depository account and doesnt do a dam thing to fund the federal government either..
Stop embarassing yourself, please..
I believe it was you that said:
Quote:
Originally Posted by pghquest
Yes, when will the bottom 50% of the nation begin to contribute and when will you support policies which call for it?
I myself havent paid taxes in 13 years, dont think thats fair either.. But you seem all fine and dandy with it..
weird
Like I said, they are paying taxes. Is FICA not a tax? Are property taxes not taxes? Are sales taxes not taxes? Is the Federal Gas tax not a tax?
Like I said, they are paying taxes. Is FICA not a tax? Are property taxes not taxes? Are sales taxes not taxes? Is the Federal Gas tax not a tax?
The discussion taking place is Obamacare and the debt ceiling. Sales taxes, nor property taxes have a dam thing to do with it, but didnt you just call me a greedy crook? Do I not pay the same dam taxes you just whined that people pay?
See you're a hypocrite..
One minute, 1/2 the nation doesnt pay income taxes, your reponse is to list all sorts of other taxes which dont have a dam thing to do with the federal government nor the national debt in order to justify them paying no income taxes, and the next minute, if you dont pay income taxes, you're a greedy crook.
The rest of the world won't be running out of money to buy our debt or exports to trade for our debt anytime soon.
I didn't say jack squat about trade, not to mention myopic short-sightedness and economics do not play well together.
Foreigners of all classes only hold $4.067 TRILLION of your debt as of this second.
$4.99 TRILLION of your debt is future unfunded liabilities owed to Americans for government employee pensions, Social Security recipients, Medicare beneficiaries and other similarly situated trusts.
The remaining $9 TRILLION in debt is held by States, cities, unions, banks, money markets, insurance companies and US citizens and corporations.
Quote:
Originally Posted by Hoonose
And right now most of the best safe and secure investment opportunities are USD based or denominated.
Now is not forever, and again, myopic short-sightedness and economics do not play well together.
Quote:
Originally Posted by Hoonose
New future foreign currency denominated investment opportunities do not necessarily spell doom and gloom for the US or USD. Because by the time the Yuan, for instance, becomes more useable and in enough volume in our world, our world will be a larger economic place. The rise of China and Yuan does not by any means mean the demise of the US or USD. In fact it will provide more competition, always good for business and new investment opportunities.
Tell us again why the US was threatening Iran and is spending $Billions of your tax-dollars over the last 18 years to influence events in Ukraine?
I don't doubt that the World will be a larger economic place, what I doubt is the ability of the US to successfully execute its Geo-Political Strategy and bring it to fruition.
While the US was successful in Yugoslavia, Libya and Tunisia, the US failed in Iraq, Iran, Syria, Afghanistan, Ukraine, Kyrgyzstan, Uzbekistan, Turkmenistan, Kazakhstan and Tajikistan.
Understand the issue is not whether the US has the political will -- it certainly does since Americans are a non-factor, rather it's the World that does not have the will.
Quote:
Originally Posted by Hoonose
Austerity in any monetarily sovereign nation is always optional. Never forced like in the EU, Greece, et al. But Flagrant and excessive new money creation without accompanied increased productivity and demands can of course be inflationary for any nation. Since 2008 we certainly have had lax demands, and thus no onerous inflation. Despite massive new central money creation.
You have had Inflation.
You have Inflation right now, with gasoline prices, and also with beef prices.
You don't understand the complexities of Inflation.
Like I said repeatedly, several years ago in looking at the Co-Efficient of Absorption and development, the US could pump $9 TRILLION to $13 TRILLION into the money system without causing serious Real Inflation.
That was before the turmoil in Europe. Nothing fundamental has changed, except that things have not settled down, so there's little point of going through the effort to recalculate, but $9 TRILLION to $13 TRILLION is a lot of money. While your well more than halfway there, you still have a ways to go...it will be at least 10 more years before you get hammered by Real Hyper-Inflation.
I'm not a big fan of cycles in Economics (or Business) -- pghquest is. Even so, I am still on the side-lines for the Kondratieff Cycle. If there's anything to that, then you'd be on the downward slide for the next 40-60 years, which makes your short-sightedness almost totally blind.
I really could care less what your real life personal situation is. If you really don't pay any taxes you just fall into the category of the same greedy crooks running this country. Nothing is ever enough for the 1%.
Most people and families that pay no Federal Tax are not rich or the 1%.
FICA doesnt go towards funding the US Government, it goes to fund Social Security.. Its not even the same dam depository account and doesnt do a dam thing to fund the federal government either.
May be true on paper, but not in reality. Any Federal tax, fee, fine or premium exposed to the general fund goes toward funding Federal programs like almost any other. Only especially sequestered funds taken in by the Federal Gov't and not subsequently raided are immune. Like The Highway Fund. Oh wait, it's been raided too!
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