Posted on 07/12/2010 9:02:24 AM PDT by EscondidoSurfer
But the brute fact remains that even enormous government spending can't revive an economy when government threatens to take away anything you earn.
America has seen this kind of thing before. In the late 1930s, when Franklin Roosevelt raised taxes on high earners, encouraged lawless sit-in strikes by labor unions and took over utility businesses, the response was a "capital strike."
(Excerpt) Read more at realclearpolitics.com ...
“Hello. I’m Barack Obama, and I’m just sick about it!”
Three things that have become a major part of my “non-food purchase” life:
1. Craigslist
2. Garage sales.
3. Estate sales.
No taxes. :)
A mattress is a good place for your money during DEFLATION, but we are looking at hyper-INFLATION in the coming years to to the vast money supply that our Spender-In-Chief has created. People with cash need to buy “stuff,” that can be resold in the future; commodities, rental housing etc. And anyone who thinks they will be needing a new car or furniture in the near future should get it sooner than later.
We haven’t started stuffing our mattress, but we are keeping more cash in case of a bank closure.
I just don’t get the Repub Pols who have no clue how to respond to the “Tax the Rich” mantra. The so-called Rich are the small business owners (including your doctor, folks) who have payrolls to meet. I watched Sen. Kyl be interviewed yesterday, and not once did he mention that taxing the Rich would only increase unemployment - what gives?
“...what gives?”
It’s politically taboo to show sympathy for rich people. Let a Republican do it, and watch how fast the liberal kooks come on to start the demagoguery. Rich people create real jobs and wealth, and as a poor person, I have the greatest appreciation for them. For instance, the guy who owns the bank we use has several businesses and investments in other businesses. He has created jobs, futures and security for numerous families over the years. I can’t say the same for a single poor person I know, me included. Let the rich people keep their money, and create jobs to help us poor people. At least they aren’t stealing it from us like the government does.
Great post.
And when I think, in our small community, who do the charities go to when it comes time to look for “sponsors” for various causes right?
Who puts their names on the back of the Little League jerseys?
Who sticks their businesses’ names on the church bulletins?
Who provides the goods & services to a fundraising auction?
Go to your local school and look at the scoreboards. See somebody’s name on it? Or name of a business?
And while you’re at the school - go to the office and inquire about the various scholarship funds. Who are they named after? Who throws the money into the pot?
And when I think, in our small community, who do the charities go to when it comes time to look for “sponsors” for various causes right?
A: There will be no charities; the State shall administer all aid, based upon the needs of the State, as determined solely by the State.
Who puts their names on the back of the Little League jerseys?
A: The State has determined competitive sports are offensive and are forbidden. Herein, the State prescribes there shall only be Earthball.
Who sticks their businesses’ names on the church bulletins?
A: When businesses and churches come under the ownership of the State, there will be no need for such sponsorship. All information shall be disseminated as deemed fit by the State.
Who provides the goods & services to a fundraising auction?
A: Fundraising, for which taxes cannot be accurately assessed, will be forbidden by the State.
Go to your local school and look at the scoreboards. See somebody’s name on it? Or name of a business?
A: See above response re: competitive sports. The State bans all competitive sports. Earthball is acceptable, for it requires no scoreboard. As such, everyone, breaking the chains of bourgois competitiveness, emerges a winner. This shall be in keeping with the Socialist policies of enforced equality.
And while you’re at the school - go to the office and inquire about the various scholarship funds. Who are they named after? Who throws the money into the pot?
A: There shall be no private scholarships. All shall be administered by the State, predicated on the needs of the State.
Excellent suggestions! And much better than say, a meth lab, which is smelly, complicated and prone to blowing up.
Oh, it's coming.
The various Fed banks all have academics on retainer for paid assignments that keep them away from asking embarrassing questions about things like the gold standard. Back in 2004, some very interesting papers came from some of these banks.
One was about the "mobilization" of IRA and 401-k accounts by forcing them into government bonds with coerced rollovers. This would mobilize the capital for the good of the entire nation.
Another paper suggested increasing the velocity of money by applying expiration dates on FRN's. If you were to pay a supermarket bill with an older $20, you might be told that the FRN is only worth $14 today.
The latest meme was planted in "Forbes", of all places, this past weekend. There was an article about "dead capital", i.e. capital that wasn't doing its job of promoting economic growth. Although the author did not mention gold and silver bullion coins sitting in people's safe deposit boxes, there was no doubt what is on the agenda. They are laying the necessary groundwork for a grand confiscation of everything.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.