If you realize both parties in Washington think that our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus that has some magic easy cure for the economy; someone who is going to get elected in Washington and fix everything just by cutting your taxes, investing (more government spending) a few trillion more we don't have and will never have, and who will just command some countries to lower their prices and others to raise their prices all to suit your best interests, then this list is not for you.
You can read past posts by clicking on : schifflist , I try to tag all relevant threads with the keyword : schifflist.
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The Austrian Economics School’s Commandments plus :From : link
1) You cannot spend your way out of a recession
2) You cannot regulate the economy into oblivion and expect it to function
3) You cannot tax people and businesses to the point of near slavery and expect them to keep producing
4) You cannot create an abundance of money out of thin air without making all that paper worthless
5) The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever
6) You cannot live beyond your means indefinitely
7) The economy must actually produce something others are willing to buy
8) Every government bureaucrat should keep the following motto in mind when attempting to influence the economy: “First, do no harm!”
9) Central bank-supported fractional reserve banking is an economically distorting, ethically questionable activity. In particular, no government should ever do anything to save any bank from the full consequences of a bank run, no matter what the short-term consequences.
10) Gold is God’s money.
OMG the attacks never end! Jeez if you don’t like him don’t vote for him. But quit trashing him every second.
I don’t see Herman Cain going around trashing Mitt Romney’s 59 billion points. Or whatever the heck Michele Bachmann is proposing.
Republicans eating each other alive only helps Obama. Can’t you people just support your Candidate and quit trashing everybody else?
Hey genius. I suppose you will hide behind your keyboard again and say Peter Schiff is a moron too. Tool.
I never saw rent as 9% taxable in everything I have read about 9-9-9. Am I wrong?
Absent these taxes, they could also keep the savings for themselves and use the cost reduction to improve the corporate position in other areas. Which is what will almost certainly happen.
Great analysis. Still 999 is a GREAT improvement and boon to all. A key reason is EXACTLY the deficiency of that hidden fourth 9, that it quashes poor employees harshly. That’s my clue.
Hint: Who is better having more money — the government or the rich capitalistic investor?
There is no hidden payroll tax if 9%.
This guy is completely delusional if he believes this.
The net effect is the creation of a brand new 9% tax on wages. When this fourth 9 falls from Cain’s sleeve, many of his opponents will likely accuse him of cheating.
Schiff’s exactly saying what I’ve been posting here in recent days:
“It’s actually a 9% business profits tax, plus a 9% payroll tax on business, (plus 9% sales tax, and 9% income tax to the earner).”
http://www.freerepublic.com/focus/news/2795019/posts?page=19#19
Shame on Schiff. Are not wages necessary and ordinary expenses of doing business? Does not the 9 plan tax INCOME rather than REVENUE? If it is income tax, Peter, the tax will apply to what's left of revenues after expenses, including wages are subtracted. Cain isn't talking about a REVENUE tax, he's talking about an INCOME tax. Revenue is not income. Peter Schiff should know this.