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Re: Massive default is best way to fix the economy

By: tkc in ALEA | Recommend this post (0)
Wed, 14 Sep 11 5:19 AM | 16 view(s)
Boardmark this board | The Trust Matrix 		Msg. 05829 of 54959
(This msg. is a reply to 05828 by orda)
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Orda, "The profit from any investment has never been taxed in the first place." Correct, but the money invested was already taxed once. If the investment returns a profit and the investor sells,paying 15% on the profit who looses? I agree the middle class is getting "hammered." Shame on them for being so gol Dag dumb to elect the fleacers. Yeah, the far right w/ all their money influences the elections, local,State and national. There will be a point when the populace "won't take it any more." Like a "bear" in the stock market there is a "bottom." But ranting against taxes on capital gains surely won't be a catalyst. There is nothing unfair to the middle class about capital gains taxes. I see little benefit on increasing that tax on the super rich. It is, IMO a pretty balanced tax. Not so extreme that it hampers investment while extracting a tax on profit. Golly, there is a middle. What is lacking is an ability, or enough money, to educate very lazy, apathetic, under educated, uninformed voters to vote self interest. Will it require "capitulation?" Probably


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The above is a reply to the following message:
Re: Massive default is best way to fix the economy
By: orda in ALEA
Wed, 14 Sep 11 4:03 AM 		Msg. 05828 of 54959

The profit from any investment has never been taxed in the first place. In any case, the elite have all the money, anyway. Where's the risk in lending 1% or less of your booty?

The richest 10% of this country already control over 98% of the nation's wealth.

http://www.mybudget360.com/dc-and-wall-street-watch-middle-class-burn-wealth-distribution-top-10-percent-control-98-percent-of-financial-securities/

This is what happens when the elite always win. They cut their taxes and everybody else’s wages so that governments and people have no money. If government can't buy/spend and people can’t buy/spend you have no economy. The elites have all the money. They win. Hurrah. Now what?


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