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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (747335)	10/17/2013 12:00:44 PM
From: RetiredNow	2 Recommendations Recommended By Jorj X Mckie TideGlider Read Replies (1) \| Respond to of 1573092

Well, if you are one of the 99% who has only $50K saved for retirement and are 65, then the IMF/US IRS comes at taxes you with a 1 time 10% tax, I can imagine you'd be ready to re-enact the Declaration of Independence from your own government. You may think a 10% tax would mostly impact the wealthy, but you'd be dead wrong. Let me tell you about the wealthy. You can take 10% of my money tomorrow and I'd have that money back within 6 months because of my investments and the shear quantity of money I save month to month. It wouldn't touch my day to day life. I wouldn't feel it. But you take 10% of my mother's retirement funds and it would be terrible for her. She couldn't replace it and the other 99% have to scrimp and save for years to get any positive networth. You take money from them and you are taking blood, sweat, and tears they don't have to give. You guys have this all wrong. You want to lower the debt, then don't rollover the bad debt and don't support zombie banks, but if they are insolvent, then have a sovereign takeover and a structured, controlled bankruptcy that wipes out the stockholders and converts the bondholder's assets to equity. Also, prosecute the banksters, so they can't continue their mafia ways. Then you are punishing the people who created the mess.

To: bentway who wrote (747335)	10/17/2013 2:27:55 PM
From: Tenchusatsu	Read Replies (3) \| Respond to of 1573092

Bentway, Who do you imagine a Capital Tax would fall on most heavily, MM? Those who cannot afford to move their capital into shelters even the IMF can't go after. I agree with Mindmeld. This one-time "capital tax" would be the biggest bailout of the rich and powerful, especially since they are responsible for fiscal policies that led to so much global debt in the first place. Along with the followers of that so-called "economist" Paul Krugman. Tenchusatsu