Paying 50% taxes makes sense. The first 20 years of your life you can't support yourself and the latest 20 years neither. Who will pay for these 40 years? Your parents? That's utopia. The government? With what if no one wants to pay taxes?
The income tax is illegal. Read this or..... http://www.paynoincometax.com/ watch this video. http://video.google.com/videoplay?docid=-1656880303867390173#
Economist Roubini said there will be QE3 if the markets corrects further and USA economy does not recover. Please confirm this. Why do they give high importance to stock markets.? World economy will easily survive without stock markets.