Ron Paul is better than the Status Quo.
Ron Paul is better than the Status Quo.
In response to your observation about the wealthy hoarding too much wealth. I agree 100%. They do hoard wealth beyond a reason. I have seen it many times. Here is the most blatant example I have seen with my own eyes. When I used to work private wine parties at a five star hotel I witnessed, a billionaire business man bribe a judge that was hearing a case on his tax evasion through relocation of huge amounts to small islands. He gave her a Waterford crystal hammer on top of a lump sum, and then they proceeded to celebrate not having to pay one penny in income tax, by spending $8,000 on 4 bottles of wine for 8 people. I kept my mouth shut though. I cant bring myself to rat out someone for anything short of rape.
The wealthy will discover they can only do this for so long though. It does reach a tipping point. Eventually they will stifle there cash flow. It would have happened already but the government was pussy and bailed them out. I don't think the government should have saved there asses at all. They would have been forced to bring all their money back into the economy, to save there own asses. They played chicken with the feds though and won. The economy would be better off, and those ass holes would be working hard to regain their wealth that they deserved to lose. They gambled with the housing market bubble and should have lost. They ignored warnings from many places, including the Federal Reserve. That entire group of CEO's and there lackeys belong in prison.
Now they have really fucked them selves though and they don't even know it. They are so caught up in their own greed, that they forgot to read history. If they did they would realize they are on there way to the Guillotine. If the corrupt wealthy citizens and Government officials do not change there act soon, they will find out the hard way. When enough families are starving and homeless, they will not care one bit about the law. They will kill or chase away the hoarders and take what they please; and if tv is still working I will be watch the news laughing with glee as mobs of homeless angry people behead those bastards. If TV is not working then I will be traveling to some civilized place that still has Tivo.
Ron Paul is better than the Status Quo.
I agree with far more of what you suggest than an alternative. IMO, we could have gone a different way with heath care reform but it messed with free-market romance.
So we got a hybrid system that tries to aid individuals while allowing profit to flow. But instead of creating economic flow, it get aggregated to the top. I don't have the answers but I'd like to see a system where vital public interests aren't squeezed with executive compensation through the roof, not to mention less efficient corporate administrating.
Sorry to be a stick-in-the-mud but I still love yous guys.
IMO, here's the first step to a better economy.
Structure the tax code so that the capital gains rate is higher than the income tax rate for respective wealth. IN other words, I don't want your CG rate to rival the top. In my system, we'd pay lower than 15% because the money we tie up in investments, even long-term investments doesn't stifle trade and investment.
It's the people that stash away the lions share of our collective wealth because they pay less taxes to invest than they do to create jobs and more commerce.
The top stashes so much capital it stifles cash flow. Restructuring the tax code closer to my idea would actually generate commerce.
For example, I'm a billionaire corporate executive who like 68% of my rich brethren pay zero federal income tax. I don't have to hire because I can make more in investments, then hide my capital gains in off-shore shelters. Even if I get caught with big capital gains on my returns, I don't have to pay 35%, I only have to pay 15%.
In the current economic sense, it's unreasonable to hire peeps when my money makes more money than hiring employees and making a product or beneficial service.
I say make my capital gains rate higher than my income rate. That way I can either rest on my rich laurels or I have to actually contribute to the overall economy to get richer.
That's why rich income tax rates were so high prior to trickle up economics. I had enough money to wreck the show but paying so much in taxes kept the economy sound enough to make that money back (and more.) I just had to hire people and manufacture products or economically beneficial services to get there.
In response to your observation about the wealthy hoarding too much wealth. I agree 100%. They do hoard wealth beyond a reason. I have seen it many times. Here is the most blatant example I have seen with my own eyes. When I used to work private wine parties at a five star hotel I witnessed, a billionaire business man bribe a judge that was hearing a case on his tax evasion through relocation of huge amounts to small islands. He gave her a Waterford crystal hammer on top of a lump sum, and then they proceeded to celebrate not having to pay one penny in income tax, by spending $8,000 on 4 bottles of wine for 8 people. I kept my mouth shut though. I cant bring myself to rat out someone for anything short of rape.
The wealthy will discover they can only do this for so long though. It does reach a tipping point. Eventually they will stifle there cash flow. It would have happened already but the government was pussy and bailed them out. I don't think the government should have saved there asses at all. They would have been forced to bring all their money back into the economy, to save there own asses. They played chicken with the feds though and won. The economy would be better off, and those ass holes would be working hard to regain their wealth that they deserved to lose. They gambled with the housing market bubble and should have lost. They ignored warnings from many places, including the Federal Reserve. That entire group of CEO's and there lackeys belong in prison.
Now they have really fucked them selves though and they don't even know it. They are so caught up in their own greed, that they forgot to read history. If they did they would realize they are on there way to the Guillotine. If the corrupt wealthy citizens and Government officials do not change there act soon, they will find out the hard way. When enough families are starving and homeless, they will not care one bit about the law. They will kill or chase away the hoarders and take what they please; and if tv is still working I will be watch the news laughing with glee as mobs of homeless angry people behead those bastards. If TV is not working then I will be traveling to some civilized place that still has Tivo.
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