Posted on 09/20/2011 3:04:08 PM PDT by dynachrome
The financial services sector which includes FNM and FRE was primarily responsible for profiting enormously in the 2003-2008 housing bubble period while taking much risk, which is all well and good....except while their profits were privatized, they were going bankrupt, and their losses were then socialized to the rest of us through the bailouts and their cronies on in the Federal Reserve.
They should have been personally bankrupted but American taxpayers were forced to bail them out because both Parties are beholden to their money and influence. I’m strongly in favor of forcing this financial services club to pay tax rates similar to the 1950s that will be dedicated to reducing the USA debt.
If these thieves move offshore they lose their citizenship and their right to ever return to the USA just like Clinton’s buddy Marc Rich. The banksters need to be held fully accountable to tax payers and give back their ill conceived gains times three. We know Congress is afraid to do it.
Still 75%/25%. Class warfare (and ignorance) is alive and well in this country. I was reading an article on this, and it mentioned that only .3% of earners will be affected, as if that makes it ok. If that’s the case, how ‘bout we tax Congress and the Executive (and the liberals in the Judicial) at 100%? It’s less than .3% of the population! So it must be ok, right??
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