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Old 03-14-2010, 12:17 PM
 
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Interesting question.

Jeff Rense Program
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Old 03-14-2010, 12:21 PM
 
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Originally Posted by ergohead View Post
Interesting question.

Jeff Rense Program
Yes, but don't hold your breath for any reasonable responses ... the question requires to much thoughtful analysis.
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Old 03-14-2010, 12:27 PM
 
Location: Sierra Vista, AZ
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They inflated the money supply in the late 70s and early 80s, I did fine.

I do feel that a certain level of taxes is neccessary though, just like a downpayment on a house, it gives you an investment in the outcome
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Old 03-14-2010, 05:39 PM
 
Location: somewhere in the woods
16,880 posts, read 15,170,592 times
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Originally Posted by Boompa View Post
They inflated the money supply in the late 70s and early 80s, I did fine.

I do feel that a certain level of taxes is neccessary though, just like a downpayment on a house, it gives you an investment in the outcome


I agree, a certain amount of taxes is fine, like 10% of your total income. now get rid of all the other things they tax as well, downsize goverment to about 5% of what it is now and the USA will get better.
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Old 03-14-2010, 05:50 PM
 
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There is a thing to be said for getting the money where it needs to be for the economey to run well.
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Old 03-14-2010, 05:51 PM
 
1,842 posts, read 1,705,873 times
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Becuase of the inflation tax
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Old 03-14-2010, 05:54 PM
 
19,198 posts, read 31,428,127 times
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Originally Posted by monkeywrenching View Post
I agree, a certain amount of taxes is fine, like 10% of your total income. now get rid of all the other things they tax as well, downsize goverment to about 5% of what it is now and the USA will get better.
Five percent, eh? You've got about $181 billion to work with for FY2011. That won't cover interest on the public debt.

Otherwise, there is a little money illusion going on here. The wealth of the nation is not how much money there is or isn't. It's the output of the economy in terms of real goods and services.
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Old 03-14-2010, 06:26 PM
 
Location: somewhere in the woods
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Originally Posted by saganista View Post
Five percent, eh? You've got about $181 billion to work with for FY2011. That won't cover interest on the public debt.

Otherwise, there is a little money illusion going on here. The wealth of the nation is not how much money there is or isn't. It's the output of the economy in terms of real goods and services.


I blame all the pork, earmarks and getting the dollar off of the gold standard for the debt of the USA. after all, if the supply of gold is limited, then the dollar will stay stable.
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Old 03-14-2010, 10:16 PM
 
Location: San Francisco, CA
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Originally Posted by GuyNTexas View Post
Yes, but don't hold your breath for any reasonable responses ... the question requires to much thoughtful analysis.
For starters, it also requires you to know the difference between "to" and "too".

But furthermore, it also requires you to know something about economics.

Money is not "free" just because it can be printed on a press. Money has value because it represents peoples' tangible ownership of purchasing power. If you just print all the money of the world, then it will turn into just a piece of paper with no value - this is what happens during periods of extreme inflation, when currency basically becomes worthless and you need to buy loaves of bread with bag-fulls of currency bills. You cannot just "print" your way out of taxes or any other crisis - not for long.
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Old 03-14-2010, 10:25 PM
 
29,981 posts, read 42,859,282 times
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Quote:
Originally Posted by Boompa View Post
They inflated the money supply in the late 70s and early 80s, I did fine.

I do feel that a certain level of taxes is neccessary though, just like a downpayment on a house, it gives you an investment in the outcome
Would you say that those who do not make an investment in the outcome should not be allowed to vote?
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