Posted on 01/26/2015 7:35:15 AM PST by reaganaut1
No excerpt allowed from Bloomberg, column here.
The ultimate wet dream is a direct wealth tax, but that would create howls of protest. Indirect taxes can accomplish much of that, but only slowly. So, we have the inflation tax (does anyone believe inflation is really under 2%, and even if it is, bond interest after taxes and inflation is negative). Another route is to mess with tax shelters that exist under law--restrict IRA distributions, increase penalties, go after 529 plans. That's the current tack that's being taken.
Another way to do it is by restricting retirement savings options--such as the myIRA family of plans, or the idea floated around to force IRAs and pensions to invest only in "safe" government bonds so the plans wouldn't be subject to market fluctuations (or the possibility of private growth, either).
No, Uncle Sam is correct.
You see, all this stuff could not go on simply because the President wills it; that is due to the nature of the system that the founders left. (That is, the checks and balances
of the various government branches.) That this sort of stuff [extortion, theft, and corruption] are happening is precisely because there are huge chunks of government [all branches] that will it to be so.
I put most of my savings into 20 acres land/home. Now I find I can’t keep the land, I live on it, unless I pay $3200 a year in property taxes. If I left it in the bank I wouldn’t have to pay yearly to keep it.
You’re correct, but I prefer not to corrupt the image of Uncle Sam, by making him a surrogate for Obama and the Congress.
Right now Obola should stand alone with out the use if Uncle Sam imagery.
“You see, all this stuff could not go on simply because the President wills it”
It also would appear it is not simply about pulling currency from those who ‘have’ to redistribute to those who ‘have not’. If such were the case they would just throw more phony currency into the pot, calling it QE or some other name for legalized theft. No, it seems they are far more insidious in their intent, and that is to control every aspect of our lives, to the point of deciding who is worthy to even live or not.
There is a reason. The IRA is considered a Trust and therefore a little more protected, tho with the Chicago mob running this gigantic ‘break-out’ (Google it), nothing is sacred.
I feel for you, George. I’m in the same boat...75 yrs old, both my husband and I worked all our lives and are long retired, we have our house free and clear, but paying over $2,000 a year in property taxes. Then dear Gov. Brown makes me pay $150 a year for fire protection (over and above my state taxes which supposedly cover this) since I live in an outlying area, which HAS a fire station 3 miles away, plus a volunteer fire fighting group one block away at a resort area. I figure the next bite will be when my husband (in failing health) goes to a rest home and our house gets a lienput on it to pay for his care. Living the American dream!
I want to see the look on the faces of the Lib-Tards when its their account that gets cleaned out. This could never happen as we voted for King Ebama.
What makes things worse ... Florida
There are folks in developments in my county that have their home values plummet to about 1/3 of what it was in 2007. The wife and I are in the country where values have held to about 80% of 2007. There is a Florida ‘Save Our Homes’ statute that has lead to a unintended consequence. It prevents homesteaded residents from more than a 3% property tax increase per year. Good in the 2000s when values skyrocketed. It kept the long time residents from massive tax increases. Now after the big drop, those residents that saw a 2/3s drop, actually see a 3% cap on the recovery assessment. New homes in developments have recovered to about a 2/3rds level, but those that lived through to 1/3 assessment enjoy a 3% per year recovery, in turn leaving us at the 80% level paying twice our share.
$270 a month for the King's Rent - on "your own" land.
49 of the 50 states stole all the peasants' houses & land 30 years ago.
No word on taking her trust funds.
Have you considered doing something productive with the 20 acres so that it covers the $3200 annually? A former colleague leased a 10 ft x 10 ft patch of his land for a cell phone tower. He collected $1,000/month. It more than covered his property taxes. His place is 425 acres in Tennessee.
The peasant should be able to drive up to the township assessor's office, say "here's the keys", and get a check for 80% of the assessed value on the spot.
Hey, the gooberment would making 20% easy on a deal like that.
It'll happen the day Obamas fly out my butt...
Alex Jones has been warning that for years but no one wants to listen.
Alex Jones get's a lot of Oh, he's a loony conspiracy-theorist nut job
… and yet, given what I've seen, heard, and experienced w/ government in the past few years, seems more sane than not.
Obama's buddy, Van Jones, said this years ago:
"America isn't broke! We have all this money in retirement plans!
He was speaking in the Royal (Governmental) We.
This.
This is the ultimate goal of the statist elite, and make no mistake: the Republican party is up to its neck in this elitism as much as the Democrat party.
We are rapidly running out of time to correct this w/o some major bloodshed; Article V appears to be the last reasonable hope for avoiding it… but those in power are disinclined to relinquish it, so even that might not be enough.
That is because he acts like one. I think Jones is a ringer. Any issue he touches immediately goes into the "Nut job" file and can no longer be seriously considered. I think it is deliberate.
That is because he acts like one. I think Jones is a ringer. I think his role is to deliberately make anyone who tries to seriously discuss the things he brings up sound like a fool. Any issue he touches immediately goes into the "Nut job" file and can no longer be seriously considered.
> That is because he acts like one.
True.
> I think his role is to deliberately make anyone who tries to seriously discuss the things he brings up sound like a fool.
> Any issue he touches immediately goes into the “Nut job” file and can no longer be seriously considered.
You’re probably right; or at least that’s how he’s used — he could be sincere, he could also be ‘planted’... heck, I wouldn’t put it past The Powers That Be to have several “conservative”/”Tea Party” sites [like FreeRepublic] as a “pressure relief” — let `em vent, just so long as they don’t get “worked up” enough to really do something about it. (i.e. the Frog in a Pot metaphor.)
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