With inflation, the vast majority of Americans will be at 200k income level pretty quickly.

Thinking | 3 December 2012 | Mene Mene Tekel Upharsin

[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.

[dr_lew]

first class letters IIRC three cents;

Ooh, that dates you. I do recall when it went to 4 cents, though - the purple Lincoln stamp IIRC, so I guess that dates me too.

[STYRO]

As long as we are taxed on the number of dollars we earn, while the government controls the value of those dollars, we are little better than slaves.

[palmer]

7. from apathy to dependence;

Which is why the original poster is wrong. For the most part there won't be inflation of salaries. Obama will make sure some union salaries go up (at the cost of jobs) and will hire a LOT more government employees at inflated salaries (he will also bail out blue states so they can do the same). The biggest change will be a large increase in government dependents. At some point social security and disability will be greatly increased to reflect inflation in prices. Then more people will "retire" or become "disabled" simply to survive. At some point the government salaries and transfer payments will exceed the private sector, then the printing presses can be turned on full blast.

[kearnyirish2]

I’m just past 40 and can’t believe it when I see the prices on candy bars and pastries; I used to eat these things daily 15 years ago, then I lost interest. Now when I see the prices I lose interest again; I can’t believe how high the prices are!

[kearnyirish2]

“Obama will make sure some union salaries go up (at the cost of jobs) and will hire a LOT more government employees at inflated salaries (he will also bail out blue states so they can do the same).”

That’s right; there is no reason to believe our masters will increase salaries to deal with inflation (there is no incentive for them to do so). It will make foreign workers overseas more attractive (good-bye more jobs), and for work that can’t be moved it will make illegal aliens (possibly “amnestied”) more attractive. Nobody can seriously look at the wage (and benefits) issues today in the US and possibly think we’re getting a raise to combat inflation.

A shrinking number of American workers are in a position to “name their price”, and forces are already at work to replace them with Asians (even importing & educating the Asians here to do it). As this past election demonstrated, this bodes ill for the country.

[Brandonmark]

The entire nation will become a slum.....

Welcome to your new home at The Obama Towers!

[Caipirabob]

I remember when a candy bar was only a quarter.

I remember in the early 70's when candy bars went from .08 cents to .10 cents.

I was a young kid and I was outraged...lol!

Historic candy prices

[jersey117]

Every time I’m in the supermarket, I look at how prices have tripled over the past 4 years and can’t believe it wasn’t a campaign issue. Food shopping during the Bush years cost half of what it does today.

[central_va]

The entire nation will become a slum....

I prefer to term ghetto...

[MeneMeneTekelUpharsin]

You think they would index these tax rate levels, to I don’t know; the price of bacon, gasoline, college tuition, movie tickets etc.

The legislators have no intention of indexing. Failure to index is deliberate.

[MeneMeneTekelUpharsin]

Printing of money. I know a bank teller personally who said they no longer get used bills from the Fed. It’s all newly printed money now.

[wildandcrazyrussian]

Actually, I am starting to think that NOTHING was a campaign issue for Romney. We’re in a state that was guaranteed to go a majority for him so saw absolutely no TV/radio ads or mailings from the campaign and can only wonder what they were doing in the rest of the country (besides making the consultants richer).

[E. Pluribus Unum]

The AMT was supposed to be for “the rich,” but now couples earning $75,000 are subject to it, and single taxpayers earning $50,000 are subject to it.

[Smorgasbord]

For a long time I have said that the politicians don’t need to raise taxes, they just need to wait and inflation will put people in higher income tax brackets automatically. The problem with the income tax is that it isn’t indexed. Years ago, when the income tax was invented, a person could live well on one income, because prices were so low, and they started there first full time job below the level of the income tax, or in the lower levels. Gasoline was about 33¢ a gallon. As inflation raised a person’s wages, their first full time job usually put them several brackets up when they started.

[mmichaels1970]

My income would have gone from $20+ per hour to $10-12, my health insurance would have cost double with a higher deductible, and my vacation time would be 1 week instead of 4.

And the government will dutifully continue to count you as "employed", and the media will dutifully trumpet what a wonderful recovery we are having.

[cableguymn]

The printing plant called. They need their spell/grammar corrector back.

if you think I care about grammar or spelling when posting to an internet board you are sadly mistaken.

[MrB]

It wouldn’t be “fair” if it didn’t!

[OneWingedShark]

I detest obama voters and avoid them whenever possible. They are anti-Christian, anti-American, greedy scum.

Hm, then aren't they in the most need of having their lives changed by Jesus?

[alexander_busek]

if you think I care about grammar or spelling when posting to an internet board you are sadly mistaken.

I thought that it was clear that you indeed did care, since you demonstrably did go to the bother of correcting at least one of the errors in your post yourself before reposting it.

I was only completing the job.

Regards,

[OneWingedShark]

Actually, I am starting to think that NOTHING was a campaign issue for Romney. We’re in a state that was guaranteed to go a majority for him so saw absolutely no TV/radio ads or mailings from the campaign and can only wonder what they were doing in the rest of the country (besides making the consultants richer).

You are right; Romney ran because it "was his turn" not because he stood for anything. His advocates relied on the old "he's better than the opposition" and his 'campaign' was that of appealing to moderate/"undecided" voters while utterly neglecting the base relying on the peer-pressure from the "he's better than the opposition"-people.

Thus we can see the truth of the old maxim: if you try to please everyone, you will please no-one. -- We were also treated to a very interesting look into the heart of the GOP elites/leadership: the blatant manipulation at the primaries to ensure Romney as candidate, the rule-changes at the RNC to ensure electors vote for Romney, the refusal to seat delegates at the RNC, etc.