Termyn8or
Posts: 18681
Joined: 11/12/2005 Status: offline
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Now remember something here folks - get your math caps on. For example the top bracket in the racket in 1944 was at $200,000. People might look at that and say "OMG 94 % !" not realizing that this rate was only applied to earnings ABOVE $200,000. What's more, if the chart is correct that is the equivalent of $2.69 million today. Well folks I hate to break it to anyone who wants to start a business in the US, but the one percent in this country starts at only $300,000 or so. you want to tax the one percent ? Shit, half of them aren't making enough money to make it worthwhile. Even if you tax them half, get $150,000 each out of three million people that is only half a trillion. We owe like 20 of those. And these people will not pay. And unlike the old days when people buried iuncome in the purchases of luxcury items to entice customers, like yachts and jets and limos, even houses to use as hotels n shit for visiting execs, business dinners and so forth, they TRIED to spend money. They would buy a client a fucking car if the contract was big enough. And they would abuse the shit out of this just to avoid paying Uncle Sam. But it had a side effect. They were dumping this money into the US economy. And that helped fuel the economy. Now the government has made it more lucrative to keep your money at Wall Street. There should be no stock exchange, and if there was it wold be a totally private affair. Oh sure, people would get screwed but the SEC hasn't done us any favors lately, though I cannot really blame them because they got so few regulations to try to enforce now since the banksters own the government. Didn't it ever occur to you that both sides of the aisle went for all this globalisation so they would have better ways to hide their money, and to find ours ? That is the end result you know. Know what else ? In the US it is perfectly legal for congressmen to trade in stocks that are directly affected by legislation they propose or vote on, and to vote in a way to favor or disfavor a company based on their own holdings, no problem. Perfectly legal. And as much as I cannot stand Martha Stewart, the people who put her ass in jail should be in jail because they do the same damn thing, in fact worse. But it is OK for them. T^T
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