Call me paranoid but with the troubled times this country is in right now I have half a mind to take my money and put it in a swiss bank account. I have no idea how one goes about doing this but it has been a serious thought of mine for sometime now. Call me crazy but I foresee riots in the streets, energy shortages, world spread hunger, etc coming very very soon. My friends always joke around when I walk in calling me Mr Positive but its easy to have a bleak outlook on life and the world when these type of things are happening all around us. I just hope and pray im wrong
if shit hits the fan u can take your cash and buy farmland, we keep making more people, not frmland and food will be the new oil in your lifetime, i left in '78 and it was about $1100 an acre, what is it now?
We've been here before in our history. Will America go down the tubes this time? I don't think so. It's natural to worry about the worst that can happen but it very rarely does.
Uh-huh, sure. I like McCain. He seems like a nice enough guy. However, I wonder what would be in store for the U.S. with a president who wishes to perpetuate the country's significant involvement in Iraq and stand by GWB's continued tax cuts targetted principally to the upper echelon. In our most lucid moments, we all know that supply side economics doesn't work. It's not a theory, but rather an excuse. GWB seems to have outstripped every other president in U.S. history in raising the national debt, and McCain likes, and supports, his style. So, yeah, let's see what kind of an effect the rigorous and continued depletion of the national treasury at its current pace will have on the country. P.S. Pabst, God has not yet forbidden Manitoba, he has merely forsaken it.
It's a myth perpetuated by the socialist-left that the Bush tax cuts "targeted" higher income earners. Under Bush the bottom 38% of wage earners in the U.S. pay ZERO Federal income tax. Meanwhile the wealthy are contributing a higher percentage of total collected revenue to the IRS under Bush than under Clinton. Critical thinking is a requirement for posting on this thread. If you socialists want to post erroneous stuff then visit that dailykos shit or whatever it's called. Maybe Soros or someone of his anti-American ilk can give you kool aid and a kookie. http://www.ntu.org/main/page.php?PageID=6 http://www.federalbudget.com/whopays.html
Oh and BTW I shorted Bonds at 119 and something. (whatever 4 higher on the day was). No idea what I'll do with them. If the market was truly efficiant they'd trade Treasuries down to worthless this week rather than take a decade or so to get there. It's inevitable......
If that is so, then please explain your rationale for voting for GWB twice when you don't like paying higher taxes. You can't have it both ways. Unless, of course, you've grown particularly fond of the burgeoning national debt. P.S. http://www.nytimes.com/2007/01/08/w...1206558177-Q4/8PYsenGCoKhbruPP0YQ&oref=slogin http://www.ctj.org/html/gwb0602.htm
My tax rate is lower under Bush but my tax bill is higher. It's all about income. The national debt? Does the Treasury market appear concerned? Japan has 2.7x the amount of per capita government debt as the United States. What's the yield on JGB's? Also I hope you realize Canada's public debt per capita is only slightly less than America's. Here's some stats on debt vs. GDP. (not the same as debt per person) http://epp.eurostat.ec.europa.eu/po...STRIND_ECOBAC&root=STRIND_ECOBAC/ecobac/eb070 I wouldn't trade from the U.S. if I had to pay an iota more than what I pay now. I can click a mouse in the V.I. as easily as I can in SoFla and Chicago. God didn't put me on this Earth to live my life as a serf for Big Brother. Live free or die.
Maverick explained it best. Maverick74 Registered: Mar 2002 Posts: 6497 12-06-05 09:21 PM Let's put tax cuts in terms everyone can understand. Suppose that everyday 10 men go to PJ's for dinner, The bill for all ten comes to $100. If it was paid the way we pay our taxes, the first four men would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The tenth man (the richest) would pay $59. The 10 men ate dinner in the restaurant every day and seemed quite happy with the arrangement until the owner threw them a curve. Since you are all such good customers, he said, I'm going to reduce the cost of your daily meal by $20. Now dinner for the 10 only costs $80. The first four are unaffected. They still eat for free. Can you figure out how to divvy up the $20 savings among the remaining six so that everyone gets his fair share? The men realize that $20 divided by 6 is $3.33, but if they subtract that from everybody's share, then the fifth man and the sixth man would end up being paid to eat their meal. The restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount and he proceeded to work out the amounts each should pay. And so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of $59. Outside the restaurant, the men began to compare their savings. "I only got a dollar out the $20," declared the sixth man pointing to the tenth, "and he got $7!" "Yeah, that's right," exclaimed the fifth man. I only saved a dollar, too. It's unfair that he got seven times more than me! "That's true," shouted the seventh man. "Why should he get $7 back when I got only $2? The wealthy get all the breaks." "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor." The nine men surrounded the tenth and beat him up. The next night he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They were $52 short! And that, boys and girls, and college instructors, is how the US's tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore. There are lots of good restaurants in Switzerland and the Caribbean.
That story should be attributed to Ron Adams; a financial advisor who writes a column for the Lakeshore News.