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In Defense of the 1%(Peter Schiff takes on OWSers)
Safe haven /Europacific Capital ^ | Oct 28, 2011 | Peter Schiff

Posted on 10/28/2011 6:43:38 PM PDT by sickoflibs

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To: Pining_4_TX; sickoflibs; All

” The problem with 9-9-9 is that the politicians are not going to keep those numbers at 9 for long. Herman is adding a new tax, and inevitably, they will all increase. Reagan fell for the Democrats’ promises when he accepted the elimination various deductions in exchange for lower rates. Well, didn’t stay lower, and the deductions were not restored. “

TEXAS WINS THE KEWPIE DOLL !

Reagan cut the top individual tax rate to 28%. The scumbag politicians and libs eventually raised it to 39%. Cutting taxes at any given time does not preclude the future criminal politicians from raising them back!


21 posted on 10/29/2011 4:04:36 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Pining_4_TX
RE :”The problem with 9-9-9 is that the politicians are not going to keep those numbers at 9 for long. Herman is adding a new tax, and inevitably, they will all increase

That's an easy to debunk argument.

Obama still has not successfully raised the income tax, instead he extended Bush tax cuts. He had two years with the supermajority to do it where Republicans couldnt stop it.

The federal gas tax has not been raised in 18 years since Clinton did 1993.

Democrats did start taxing lots of new things never taxed before in Obama-care.

Democrats will still want the same taxes they do no raised regardless of any new tax replacing the old. So the above is NOT a valid reason to improve our system taxing consumption instead of production.

22 posted on 10/29/2011 11:35:06 AM PDT by sickoflibs (Cain :"My parents didn't raise me to beg the government for other peoples money")
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To: kingu

The use of the 99/1 is to begin the tactic of isolating groups of people and making them feel pitted against an angry mob.

The implied message is, “We have you outnumbered and we have you surrounded. Come out with your hands up and your pockets empty or we will come in and take whatever we want.”

Expect to see the same tactic played out in different “mob scenarios.” The racial mob will be sure to be employed next year if it looks like Obammie the Commie will not win.

Other mob scenarios will include the union mob, the homo mob, and the multi-culti mob.


23 posted on 10/29/2011 11:38:41 AM PDT by Ghost of Philip Marlowe (Prepare for survival. (Karl Denninger has jumped the shark. Do not visit his blog.))
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I’ve been thinking for a while that we should change the meme of what we complain about in paying taxes. Many of us in the 53% who do pay taxes actually have 9-5 40 hour a week jobs. Many of us own businesses, are on salary, or work a lot of over time or have more than one job...so I would guess that a very large percentage of us work well over 40 hours a week. Especially for the business owners, and salary people, who get paid basically the same no matter how many hours are worked, which means there per hour payment becomes less and less the more hours they work.

The point is, we should not be complaining necessarily about the number of dollars we have to contribute to welfare moms squirting out babies, we should complain about how much of our time these people think they have a right to.

Let’s say 20% of your income goes to support these people. If you work 40 hours, that is 8 hours (or one full work day of your time). If you work 80 hours, then that makes 16 hours of your time. And so on. So the question is if I work 80 hours in a week, why does somebody feel they have a right to 16 hours (or two “Normal” work days)? Otherwise stated, 9.5% of all of my time during an entire week (including sleeping), is for the benefit of enormous women with obnoxious children to fill up the shopping carts with steaks and junk food. And since I am on salary, the more hours I work, the higher percentage of my time goes to freeloaders.

So the question should be how much of my time do other people think they have a right to.


24 posted on 10/29/2011 11:41:39 AM PDT by dsrtsage (One half of all people have below average IQ...In the US the number is 54%)
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To: stephenjohnbanker; Pining_4_TX
RE :” The problem with 9-9-9 is that the politicians are not going to keep those numbers at 9 for long. Herman is adding a new tax, and inevitably, they will all increase. Reagan fell for the Democrats’ promises when he accepted the elimination various deductions in exchange for lower rates. Well, didn’t stay lower, and the deductions were not restored. “ TEXAS WINS THE KEWPIE DOLL !

Obama still has not successfully raised the income tax, instead he extended Bush tax cuts. He had two years with the super majority to do it where Republicans couldn't stop it.

The federal gas tax has not been raised in 18 years since Clinton did 1993.

Democrats did start taxing lots of new things never taxed before in Obama-care.

Democrats will still want the same taxes they do no raised regardless of any new tax replacing the old. So the above is NOT a valid reason to improve our system taxing consumption instead of production.

Democrats hate the idea of a sales tax replacing the income tax because it's not progressive even if it is a more productive tax. It is interesting to see Republicans joining Democrats against it.

25 posted on 10/29/2011 11:43:37 AM PDT by sickoflibs (Cain :"My parents didn't raise me to beg the government for other peoples money")
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To: sickoflibs
RE:"Of course Schiff is correct. But what good does it do to argue with Idiots?"

Because he does it on camera and shows millions of people around the world that the OWS protesters are idiots.

Yes, this is exactly what I said in the last sentence:

But this video is good because it reveals just what types of idiots are in this OWS movement.

Note the use of question mark. This is a rhetorical question to which I answered in the next few sentences. This video was meant to show the viewer just what type of degenerates are in the OWS movement. Schiff is a bright guy and he knows that trying to change the minds (if these people even have minds) of these protesters is an exercise in futility (to use a worn out expression). So I think we are of the same mind on this.
26 posted on 10/29/2011 12:32:45 PM PDT by truthguy (Good intentions are not enough.)
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To: sickoflibs; stephenjohnbanker; DoughtyOne; rabscuttle385; mkjessup; Gilbo_3

Schiff and Daniel Hannan (conservative English parliament member and author) discuss the European and USA debt on Huckabee (fox news) this weekend. We have the TV muted because my wife is asleep now but it looks pretty good. It shows Schiff in the midst of the OWS hooligans too. Repeats Sunday night.


27 posted on 10/30/2011 12:33:01 AM PDT by ding_dong_daddy_from_dumas (Budget sins can be fixed. Amnesty is irreversible.)
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To: ding_dong_daddy_from_dumas

I’ll check out Daniel’s writings, thanks.


28 posted on 10/30/2011 4:57:13 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker
I can heartily recommend this one.....

The New Road to Serfdom: A Letter of Warning to America [Paperback] Daniel Hannan (Author)

29 posted on 10/30/2011 6:07:41 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: mewzilla

I will read it, and thanks much.


30 posted on 10/30/2011 6:21:05 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker; sickoflibs; DoughtyOne; rabscuttle385; mkjessup; Gilbo_3
When he started getting media attention because of the following speech in 2009, he mocked himself by saying he couldn't think of a more boring topic than a speech to the European Parliament.

Youtube link: "You have run out of our money!"

31 posted on 10/30/2011 7:23:26 AM PDT by ding_dong_daddy_from_dumas (Budget sins can be fixed. Amnesty is irreversible.)
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