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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: chartseer who wrote (69349)7/25/2009 9:01:26 PM
From: MJ1 Recommendation  Read Replies (2) | Respond to of 224738
 
Chartseer

How depressing you are today-----yes on oil-----please give me some ideas PKD, Canadian oils----.

I am cleaning out old family files------looking at Grandparents tax returns from early 1940's when they were employed and over the next 30 years----they were meticulously organized.

Grandfather was a chemical engineer---earned 3630. Income tax was 393. plus a victory tax on about 80% of the 3630.

Their total tax was about 440.

So now Obama is talking about trillions in debt----talking about individuals with $250,000 in income paying for health insurance for everyone.

I fully anticipate that those $250,000. salaries will plummet eventually. Will people be back to the salaries of 1940---guess anything is possible-----housing prices have fallen, so is it likely that salaries will also fall.

mj