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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: pstuartb who wrote (25168)	6/12/2011 6:07:47 PM
From: bentway	Read Replies (1) \| Respond to of 119360

I had a conversation with my dad about those rates, before he died. He said that with rates at 90% for the top earners, they felt like they had beat the man if they only paid 50 or 60%!

To: pstuartb who wrote (25168)	6/12/2011 7:26:57 PM
From: Skeeter Bug	3 Recommendations Respond to of 119360

pst, the ones they applied to have pretty much taken over government, so those rates are all but nonexistent. that's why the big finance crowd typically pays 15% - in some cases even on their work income (think hedge fund managers). it still gets back to debt based money (eternal usury) being a Ponzi scheme, always requiring more and more debt issuance to remain ongoing. a dollar is a promise to repay a dollar plus interest. where does the interest come from? from newly issued debt money. if money B goes to pay the interest on previous debts A, where the money come from to pay back B and its interest. why, more debt money C, of course. that is until the debt load becomes too much carry. the private sector hit that level in 2008 - it has been deleveraging every since, an massively so. well, except for the student prey. they've fallen into the debt slave trap and are still growing their debt. that, too, will end. as will the ever inflating government debt. and when it ends... whoah, baby! look out! systemic collapse. people have a lot of definitions for our current Ponzi monetary system. mine is quite simple. a covert systematic societal asset stripping mechanism. that is why it was designed the way it was designed. don't believe me? hang around another decade and see how much wealth is transferred to big finance capital from society and see how little society has left. i'm not emotionally attached to this idea, nor do i know how to make a mint on this concept. i'm not even sure how to survive this scenario. but it is what it is.