Paper profits are not taxed if you don't sell the stock,
just dividends. The tax base is up mostly because of full
employment and some increase in wages. The tax base is also
up because with gas and diesel prices down, we went back to
70 mi speed limits and bigger cars and use more gas..and while
the price of gas came down the taxes in it didn't. The
Government makes more off a gallon of gas than the oil companies
do.
Now if a sell off comes, people can deduct losses but only
$3K a year can be taken off your income.
What needs to be taxed is the currency speculators a place were
most people can't afford to play, and were the carpet baggers
work in collusion short selling large amounts of currency,
and manipulating the real returns on both bonds and stocks.
While most people can only see the implied interest rate
on bonds as they move up and down, the collusionist in the
money world know what that will be if the value of the dollar
changes and they can arrange that.
The Asia problem goes beyound just bad loans, the currency
was dumped so as to make it impossible for those loans to be
paid. Meanwhile some of the same cabals that made the loans,
short sold the currency, and turn around and buy up Asia for
pennies on the dollar, and con us into repaying
them the bad loans they created.
They are even now looking for some more suckers to scam.
The unfettered internatioal Bankers are the biggest
criminals and racketeers going, and instead of taxing them
via currency exchange and using that to fund the IMF and The U.N..
we are coned into subsidizeing them, in fact they demand it.
Don't kid your self no one gets into any real position of
power in any major western system that these crooks don't
in one way or another have or get in their pocket.
If by chance it does happens then the politician becomes
a target for assassination.
---------------
Jim |
