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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

All of this talk about taxing people who make 200k or 250k or more. What a joke. With the excessive printing of money, almost everyone in this country who has a job will make 200,000 thousand dollars or more.

And, milk will be $12 a gallon, etc., ad nauseum. However, everyone will still fall under taxation rules when that happens. You're making more money, but everything rises in price to meet your income and now you're paying more in taxes. How can people be so foolish to vote these insane policies into effect?

What about rental property? The next step (and, yes, they've already thought of it) is to say to the poor, supposedly disenfranchised masses, "Hey, that rich man over there with all of that rental property doesn't need that! He only needs the house he is living in. Why does he need all of those houses if he's not going to live in them?"

Or, they will put exorbitant taxes on rental property. Wait until landlords figure all of this out and watch how much rental property gets dumped on the market all at the same time deflating rental and housing property in general. This is all just the beginning of the madman's circus.


TOPICS: News/Current Events
KEYWORDS: 000; 0000chat; 0000vanity; 200; income; inflation
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Imagination? Reality? Watch what happens next.
1 posted on 12/03/2012 8:23:18 PM PST by MeneMeneTekelUpharsin
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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


2 posted on 12/03/2012 8:27:52 PM PST by faithhopecharity (--)
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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


3 posted on 12/03/2012 8:29:48 PM PST by faithhopecharity (--)
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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.)
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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......................)
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To: Secret Agent Man
It’s 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.)
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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
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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?)
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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)
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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)
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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.


11 posted on 12/03/2012 8:35:36 PM PST by cunning_fish
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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
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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!)
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To: MeneMeneTekelUpharsin

14 posted on 12/03/2012 8:46:21 PM PST by smoothsailing
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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.
15 posted on 12/03/2012 8:58:19 PM PST by mmichaels1970
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To: MeneMeneTekelUpharsin

Horsecrap.


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.)
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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)
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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
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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)
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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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