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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (78391)8/24/2011 9:15:05 AM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 218106
 
Which argument...

Elmat's ? that is what is happening...

Wildstar's .. works if 2.5 billion Olivers had not begun asking for more... where is the money and new wealth being generated.. maybe an anomaly ?

as to the US forces, etc... America should have thought of that .... things have changed... Now they have to think about it...

Then again durable goods up... so the US is fixed maybe ... tax base rejuvenated maybe.. or is that good news for China <ng>

Looks like Ben is done and the adults in congress must be sniffed out and encouraged to act...



To: maceng2 who wrote (78391)8/24/2011 10:08:10 AM
From: Metacomet4 Recommendations  Respond to of 218106
 
Wage earners normally pay for the taxes.

Exactly..

In the US, the burden has been on the backs of wage earners since the tax code has been hijacked by the wealthy.

Folks who get their cash in other than wages subject to "withholding" either get preferential treatment: capital gains, inheritance, etc.; or simply avoid paying taxes at all.

The current fiscal problems of the US trace directly to the policies to further reduce taxation on favored classes and the resultant downturn and job losses as those monies, not needing to be spent by the super rich, are simply removed from the domestic economy.

This has resulted in reduced economic activity with resultant loss of "wage earners" employment and thus fewer folks to carry the load as the pigs scream for even more tax cuts....

Note the impact of the Bush tax cuts.




To: maceng2 who wrote (78391)8/24/2011 11:05:04 PM
From: Cogito Ergo Sum  Respond to of 218106
 


Now here's the really painful part.

If you look at the GDP per person growth rate ten years before the financial crises, and compare it to the growth rate now, the picture looks even gloomier for the West. In those terms even Germany has yet to catch up, and the U.S. GDP per person has fallen 10% below trend.

Add that U.S. growth shortfall up, and it comes to a cumulative loss of $14 trillion—$13,000 per person.


More at.. Message 27592226