U.S. Congress to take up his proposal for a $90 billion, 10-year tax on banks

Discussion in 'Wall St. News' started by Cdntrader, Jun 26, 2010.

  1. The country lost its battle when they let everyone vote, instead of specific, qualified groups that had a vested interest in maintaining property rights. The founding fathers never believed the general public was qualified to vote, unless they had some skin in the game with regards to property ownership.

    Democracy is a bad idea, and has always been a bad idea because the public does the bidding of the loudest and the most convincing, not who is right.
     
    #11     Jun 27, 2010
  2. piezoe

    piezoe

    This is not true. What ever you think of those two, and there is plenty to be critical of, a single overstatement such as that above can destroy your credibility.
     
    #12     Jun 27, 2010
  3. cstfx

    cstfx

    If one is worried about their credibility on an anonymous message board...
     
    #13     Jun 27, 2010
  4. pspr

    pspr

    It goes back to the, "No Taxation Without Representation". Remember the real Tea Party?

    If all we had were property taxes then only taxing land owners would be a great idea. But, today everything is taxed and everyone pays some sort of taxes whether they own real property or not. It's only fair to give all taxpayers some form of representation.

     
    #14     Jun 27, 2010
  5. The "real" Tea Party was about the REMOVAL of a tax, not about implementing one people didn't want. By eliminating a duty, the Tea Act took the profit out of tea smuggling in the colonies, and THAT is what the protests were about.
     
    #15     Jun 27, 2010