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Peter Schiff: Majority Doesn't "Have A Right To Steal My Money Just Because They Voted For It"
Real Clear Politics ^ | December 10, 2012 | Peter Schiff

Posted on 12/10/2012 7:21:46 AM PST by george76

First of all, I'm in the top two percent. Right now, I'm paying 45% of my total income in income taxes, both to the state of Connecticut and to the federal government, and if you take the 3% Medicare tax. After the tax hikes go into effect next year, more than half -- more than half of my total income is going to go to the government.

You tell me, what's fair about that when medieval serfs pay 25%, I'm paying half? I don't care what the majority voted to do, they don't have a right to steal my money just because they vote for it.

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: Editorial
KEYWORDS: constitution; jcsbthinktank; peterschiff; schiff; taxes
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To: PieterCasparzen

OK.. but what does it mean?

//sarcasm


61 posted on 12/10/2012 1:45:46 PM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

lol.

wrong thread again.

funny though


62 posted on 12/10/2012 1:47:33 PM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL
I agree. A good reason we need a single rate. They would not be so eager to raise it.

A single rate, imposed on the first dollar earned, with no deductions at all.

63 posted on 12/10/2012 1:51:40 PM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: george76

That they don’t have the right to is not relevant. What is relevant is the fact that they have the power to do so. Therein lies our problem.


64 posted on 12/10/2012 1:59:17 PM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: george76

I’m about halfway through one of Schiff’s books right now. This guy is great.

The Real Crash: America’s Coming Bankruptcy-—How to Save Yourself and Your Country
http://www.amazon.com/The-Real-Crash-Americas-Bankruptcy-—How/dp/1250004470

He touches on many political issues.


65 posted on 12/10/2012 2:31:14 PM PST by FreedomPoster (Islam delenda est)
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To: Trod Upon

What matters is that free people should not be forcibly divested of the fruits of their labor.


Agree. And that should happen regardless of income level


66 posted on 12/10/2012 2:51:25 PM PST by patriotspride
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To: VRWC For Truth

There is no revenue problem. There is a massive SPENDING problem. The gov’t can confiscate everyone’s income, savings, assets, and wealth today and the gov’t will STILL be in debt. It’s beyond ridiculous.


So true. These fools overspent, and now want to make it look like they just
don’t have enough to support “ necessary under any circumstances” programs.

They put themselves in a whole, and now want to scare us into thinking we
need to bail them out....


67 posted on 12/10/2012 2:55:05 PM PST by patriotspride
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To: PieterCasparzen

“...Accordingly, there is no requirement that God’s law word be upheld by the U.S. government...”

Very good post...and Accordingly, there is no requirement that U.S. Govt law by upheld by God. Judgement is coming and the they ain’t gonna like it.


68 posted on 12/10/2012 4:21:47 PM PST by lgjhn23 (When the tainted finger of government touches anything, the ROT begins.)
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To: george76

Joke’s on you! The 51% decided they could vote the 49% out of their money, and they’re right.

What are you prepared to do about it?


69 posted on 12/10/2012 4:22:11 PM PST by Uncle Miltie (BOHICA eGOP!)
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To: george76

Legalized theft. And banning profits-

http://www.youtube.com/watch?v=07fTsF5BiSM


70 posted on 12/10/2012 4:58:06 PM PST by ReformationFan
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To: george76
Majority Doesn't "Have A Right To Steal My Money Just Because They Voted For It"

Maybe not; but they DO have the POWER!!!

How do you propose to STOP them?

71 posted on 12/10/2012 6:14:49 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: patriotspride
The media and 'rats like to confuse income and wealth.

They are all financial idiots (RINOs too).

72 posted on 12/10/2012 6:24:44 PM PST by Paladin2
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To: Elsie

Liberty, Equality and Fraternity. When Obama’s minions have bilked us dry, they will cry those words for our heads.


73 posted on 12/10/2012 6:28:07 PM PST by Broker ( America now a penal colony; slave or steward?)
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To: Vaduz

Politicos have no power with a flat tax. They have to be able to reward friends and punish enemies. You will NEVER see a flat tax.


74 posted on 12/10/2012 6:50:52 PM PST by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: SMARTY
I applaud your reply.

“America elected a President who said that I am rich and that I am NOT paying my share.
He will hire people to take my money from me FOR you.
If you need help, contact the people the President has hired to take money from me, on YOUR BEHALF!”

I used to think I had made it to middle class, but I have been informed I am merely among the higher end of the “working poor”.

All these years I thought those random individuals who told me I was stupid to the point of insane for working hard for a living, paying my taxes, and generally taking care of me and mine the best I could, were “ethically challenged”, and a cynical minority.

Turns out I was very, very wrong.
They are actually the majority.

There is not much I can do now, all my wages are already taxed before I get them. My child is now 18, so I can't start suddenly claiming poor single mother benefits, housing assistance, EBT etc.
I can't afford health insurance anymore and all the balls are dropping from my juggling act after the last four years.
Everywhere around me prices went up ... food, rent, gas, electricity, insurance, random government “fees”, everything except my paycheck.

SMARTY if you can afford to “go Gault”, please know you do so with my heartfelt blessings.
For the Peter Schiffs, and the ethical 2% ers of the USA, and of the world - please consider taking an extended vacation from “earning income”, again with my blessings.

I'm screwed.
My daughter and her age and ethical peers are screwed for at least the next ten, and probably the next twenty years.

Please don't prolong the agony!

75 posted on 12/10/2012 7:04:30 PM PST by sarasmom ( .)
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To: jboot

That’s also why the congress critters have been passing laws over the last 10 years or so that restrict American assets overseas. Now more and more banks are saying sorry to Americans, we can no longer do business with you because of your governments regulations. Many of them passed prior to the stuff hitting the fan blades. There are a few in congress who know exactly where this is going, because they are helping to steer the ship right into the iceberg.


76 posted on 12/10/2012 7:23:16 PM PST by DarkWaters ("Deception is a state of mind --- and the mind of the state" --- James Jesus Angleton)
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To: FreedomPoster

The Rats have completely dropped what we learned about stable governance in high school in the 60s. The important thing is the protection of THE INDIVIDUAL. The hanging cartoon gets it.


77 posted on 12/11/2012 2:16:11 AM PST by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: Broker

Or another 3 word phrase:

Arbeit Macht Frei


78 posted on 12/11/2012 2:22:40 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: showme_the_Glory

Breitbart needs to start a cable news network to get the message out.


79 posted on 12/11/2012 2:48:45 AM PST by RandallFlagg ("Liberalism is about as progressive as CANCER" -Alfonzo Rachel)
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To: Paladin2

The media and ‘rats like to confuse income and wealth.
They are all financial idiots (RINOs too).


True. In other countries , many of our middle class, are wealthy when you throw in the value of their home....

O is all about taking $$$ from whomever he can, however he can, in the name of control, disguised as social justice.....


80 posted on 12/11/2012 3:03:07 AM PST by patriotspride
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