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With inflation, the vast majority of Americans will be at 200k income level pretty quickly.
Thinking
| 3 December 2012
| Mene Mene Tekel Upharsin
Posted on 12/03/2012 8:23:07 PM PST by MeneMeneTekelUpharsin
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Imagination? Reality? Watch what happens next.
To: MeneMeneTekelUpharsin
he’s told us he wants to raise gas to $10 a gallon (and people still voted for him)
he doubled gas price in his first term, so second term he should hit around $8 anyway
To: faithhopecharity
and higher energy prices force up the prices of every single thing we as consumers want, or need to, purchase
including food especially
To: MeneMeneTekelUpharsin
It’s basically the AMT law, eventually scooping in everyone.
4
posted on
12/03/2012 8:30:24 PM PST
by
Secret Agent Man
(I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
To: MeneMeneTekelUpharsin
The entire nation will become a slum.....
5
posted on
12/03/2012 8:30:43 PM PST
by
Red Badger
(Lincoln freed the slaves. Obama just got them ALL back......................)
To: Secret Agent Man
Its basically the AMT law, eventually scooping in everyone.Yessir.
6
posted on
12/03/2012 8:31:16 PM PST
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: MeneMeneTekelUpharsin
Ah, SNL 1970s skit “Inflation is Your Friend”.
This is how the Alternative Minimum Tax became such a problem. No one is talking about the AMT which may strike singles making $50K.
You think they would index these tax rate levels, to I don’t know; the price of bacon, gasoline, college tuition, movie tickets etc.
Take bacon for example: the package of pre-cooked I buy at Costco in 2007 for $8 is now $13. That’s 62% higher. My income has not gone up 62%. Few peoples’ have. We’re supposed to accept that because the Bush tax cut is in place, we have it good.
7
posted on
12/03/2012 8:32:18 PM PST
by
cicero2k
To: MeneMeneTekelUpharsin
I’m wondering what level the Alt min tax will be w/o the annual “fix”.
8
posted on
12/03/2012 8:33:08 PM PST
by
logic101.net
(Was Orwell wrong about anything besides the date?)
To: MeneMeneTekelUpharsin
Even a homeless man will be a millionaire!
What’s not to like?
“Forward!”, as the President says.
9
posted on
12/03/2012 8:33:22 PM PST
by
headsonpikes
(Mass murder and cannibalism are the twin sacraments of socialism - "Who-whom?"-Lenin)
To: MeneMeneTekelUpharsin
What about rental property? It's good to recall that one of the early "steps" in the Marxification of Cuba was the overnight halving of all rents. Of course that devastated all landlords and their property.
10
posted on
12/03/2012 8:35:07 PM PST
by
C210N
(In favor of private rights and public happiness)
To: MeneMeneTekelUpharsin
Still a lot of work to do to reach Zimbabwean level of wealth with a car washer earning $100000000000000 (Zimbabwean dollars) per hour but here’s a right direction (Forward!) /s.
To: headsonpikes
I detest obama voters and avoid them whenever possible. They are anti-Christian, anti-American, greedy scum
12
posted on
12/03/2012 8:36:56 PM PST
by
Josa
To: MeneMeneTekelUpharsin
I remember when kids haircuts were $0.25 and adults $0.75; a loaf of name-brand bread was $0.25; postcards two cents, first class letters IIRC three cents; mail delivery twice a day; new cars around $2,000 -- but here's the spin that we are much better off today: a cell phone cost in the millions and came with two wheels.
Three dollars an hour was a very good wage. A friend in high school graduation class frequently said that if he could get a guaranteed $140/week factory job he'd be happy until he was old enough to retire.
There was never a period when like the Weimar Republic we were given breaks at work to go buy stuff as the prices increased throughout the day.
Our wages pretty much kept up with the inflation.. until "the new normal" a few years ago. (It seems to me.)
And when there were recessions we actually recovered within a few months and grew even larger than before! Those were the days!
13
posted on
12/03/2012 8:41:22 PM PST
by
WilliamofCarmichael
(If modern America's Man on Horseback is out there, Get on the damn horse already!)
To: MeneMeneTekelUpharsin
To: MeneMeneTekelUpharsin
With the excessive printing of money, almost everyone in this country who has a job will make 200,000 thousand dollars or more.
I sort of agree. From personal experience, many wages have gone down as inflation has obviously gone up over the past few years (admittedly mild inflation compared to the hyperinflation predicted). I'm guessing it's more than likely that hyperinflation will simply wipe out companies, and with them, jobs.
So, rather than significantly more people making 200k+, we'll have significantly more people making 0.
To: MeneMeneTekelUpharsin
16
posted on
12/03/2012 8:58:51 PM PST
by
Attention Surplus Disorder
(This stuff we're going through now, this is nothing compared to the middle ages.)
To: MeneMeneTekelUpharsin
The inflation is not only anticipated...it is planned.
17
posted on
12/03/2012 9:03:12 PM PST
by
BenLurkin
(This is not a statement of fact. It is either opinion or satire; or both)
To: faithhopecharity
I thought the gas price increases were a way to make “green” energy more palatable.
18
posted on
12/03/2012 9:04:06 PM PST
by
tbw2
To: MeneMeneTekelUpharsin
The silver lining is this: when a nation has a worthless currency, monetary interventions are useless and the government loses power over the economic system. Responsible state governments could fill the void by promoting sound currency. Let’s face it, the federal government is the enemy of the people. Invest in lead and gold.
19
posted on
12/03/2012 9:05:47 PM PST
by
grumpygresh
(Democrats delenda est; zero sera dans l'enfer bientot)
To: MeneMeneTekelUpharsin
my husband's company of 27 yrs bailed on him, and left him and thousands with nothing but the Pension Guarantee which paid you about 1/3 of what you should have had...AND its fixed...no cola's.....
so the union/govt thugs will get regular raises while the industries that have been sacrificed will have its employees losing buying power daily....all in the plan....
20
posted on
12/03/2012 9:07:27 PM PST
by
cherry
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