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With inflation, the vast majority of Americans will be at 200k income level pretty quickly.
Thinking | 3 December 2012 | Mene Mene Tekel Upharsin

Posted on 12/03/2012 8:23:07 PM PST by MeneMeneTekelUpharsin

All of this talk about taxing people who make 200k or 250k or more. What a joke. With the excessive printing of money, almost everyone in this country who has a job will make 200,000 thousand dollars or more.

And, milk will be $12 a gallon, etc., ad nauseum. However, everyone will still fall under taxation rules when that happens. You're making more money, but everything rises in price to meet your income and now you're paying more in taxes. How can people be so foolish to vote these insane policies into effect?

What about rental property? The next step (and, yes, they've already thought of it) is to say to the poor, supposedly disenfranchised masses, "Hey, that rich man over there with all of that rental property doesn't need that! He only needs the house he is living in. Why does he need all of those houses if he's not going to live in them?"

Or, they will put exorbitant taxes on rental property. Wait until landlords figure all of this out and watch how much rental property gets dumped on the market all at the same time deflating rental and housing property in general. This is all just the beginning of the madman's circus.


TOPICS: News/Current Events
KEYWORDS: 000; 0000chat; 0000vanity; 200; income; inflation
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Imagination? Reality? Watch what happens next.
1 posted on 12/03/2012 8:23:18 PM PST by MeneMeneTekelUpharsin
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To: MeneMeneTekelUpharsin

he’s told us he wants to raise gas to $10 a gallon (and people still voted for him)

he doubled gas price in his first term, so second term he should hit around $8 anyway


2 posted on 12/03/2012 8:27:52 PM PST by faithhopecharity (--)
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To: faithhopecharity

and higher energy prices force up the prices of every single thing we as consumers want, or need to, purchase
including food especially


3 posted on 12/03/2012 8:29:48 PM PST by faithhopecharity (--)
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To: MeneMeneTekelUpharsin

It’s basically the AMT law, eventually scooping in everyone.


4 posted on 12/03/2012 8:30:24 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: MeneMeneTekelUpharsin

The entire nation will become a slum.....


5 posted on 12/03/2012 8:30:43 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Secret Agent Man
It’s basically the AMT law, eventually scooping in everyone.

Yessir.

6 posted on 12/03/2012 8:31:16 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: MeneMeneTekelUpharsin

Ah, SNL 1970s skit “Inflation is Your Friend”.

This is how the Alternative Minimum Tax became such a problem. No one is talking about the AMT which may strike singles making $50K.

You think they would index these tax rate levels, to I don’t know; the price of bacon, gasoline, college tuition, movie tickets etc.

Take bacon for example: the package of pre-cooked I buy at Costco in 2007 for $8 is now $13. That’s 62% higher. My income has not gone up 62%. Few peoples’ have. We’re supposed to accept that because the Bush tax cut is in place, we have it good.


7 posted on 12/03/2012 8:32:18 PM PST by cicero2k
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To: MeneMeneTekelUpharsin

I’m wondering what level the Alt min tax will be w/o the annual “fix”.


8 posted on 12/03/2012 8:33:08 PM PST by logic101.net (Was Orwell wrong about anything besides the date?)
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To: MeneMeneTekelUpharsin

Even a homeless man will be a millionaire!

What’s not to like?

“Forward!”, as the President says.


9 posted on 12/03/2012 8:33:22 PM PST by headsonpikes (Mass murder and cannibalism are the twin sacraments of socialism - "Who-whom?"-Lenin)
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To: MeneMeneTekelUpharsin
What about rental property?

It's good to recall that one of the early "steps" in the Marxification of Cuba was the overnight halving of all rents. Of course that devastated all landlords and their property.

10 posted on 12/03/2012 8:35:07 PM PST by C210N (In favor of private rights and public happiness)
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To: MeneMeneTekelUpharsin

Still a lot of work to do to reach Zimbabwean level of wealth with a car washer earning $100000000000000 (Zimbabwean dollars) per hour but here’s a right direction (Forward!) /s.


11 posted on 12/03/2012 8:35:36 PM PST by cunning_fish
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To: headsonpikes

I detest obama voters and avoid them whenever possible. They are anti-Christian, anti-American, greedy scum


12 posted on 12/03/2012 8:36:56 PM PST by Josa
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To: MeneMeneTekelUpharsin
I remember when kids haircuts were $0.25 and adults $0.75; a loaf of name-brand bread was $0.25; postcards two cents, first class letters IIRC three cents; mail delivery twice a day; new cars around $2,000 -- but here's the spin that we are much better off today: a cell phone cost in the millions and came with two wheels.

Three dollars an hour was a very good wage. A friend in high school graduation class frequently said that if he could get a guaranteed $140/week factory job he'd be happy until he was old enough to retire.

There was never a period when like the Weimar Republic we were given breaks at work to go buy stuff as the prices increased throughout the day.

Our wages pretty much kept up with the inflation.. until "the new normal" a few years ago. (It seems to me.)

And when there were recessions we actually recovered within a few months and grew even larger than before! Those were the days!

13 posted on 12/03/2012 8:41:22 PM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: MeneMeneTekelUpharsin

14 posted on 12/03/2012 8:46:21 PM PST by smoothsailing
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To: MeneMeneTekelUpharsin
With the excessive printing of money, almost everyone in this country who has a job will make 200,000 thousand dollars or more.

I sort of agree. From personal experience, many wages have gone down as inflation has obviously gone up over the past few years (admittedly mild inflation compared to the hyperinflation predicted). I'm guessing it's more than likely that hyperinflation will simply wipe out companies, and with them, jobs.

So, rather than significantly more people making 200k+, we'll have significantly more people making 0.
15 posted on 12/03/2012 8:58:19 PM PST by mmichaels1970
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To: MeneMeneTekelUpharsin

Horsecrap.


16 posted on 12/03/2012 8:58:51 PM PST by Attention Surplus Disorder (This stuff we're going through now, this is nothing compared to the middle ages.)
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To: MeneMeneTekelUpharsin

The inflation is not only anticipated...it is planned.


17 posted on 12/03/2012 9:03:12 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: faithhopecharity

I thought the gas price increases were a way to make “green” energy more palatable.


18 posted on 12/03/2012 9:04:06 PM PST by tbw2
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To: MeneMeneTekelUpharsin

The silver lining is this: when a nation has a worthless currency, monetary interventions are useless and the government loses power over the economic system. Responsible state governments could fill the void by promoting sound currency. Let’s face it, the federal government is the enemy of the people. Invest in lead and gold.


19 posted on 12/03/2012 9:05:47 PM PST by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot)
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To: MeneMeneTekelUpharsin
my husband's company of 27 yrs bailed on him, and left him and thousands with nothing but the Pension Guarantee which paid you about 1/3 of what you should have had...AND its fixed...no cola's.....

so the union/govt thugs will get regular raises while the industries that have been sacrificed will have its employees losing buying power daily....all in the plan....

20 posted on 12/03/2012 9:07:27 PM PST by cherry
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To: MeneMeneTekelUpharsin

Dammit, you broke Obama’s secret code. First, ‘tax the rich’, meaning over 200K, Second inflate the currency so that’s 100% of the population...slick eh?


21 posted on 12/03/2012 9:07:37 PM PST by bigbob
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To: MeneMeneTekelUpharsin

Pair of Levis.

1888— $1.80.....74 years later, 1962— $2.60. 100% increase

Today, 50 years later—$44.95. 1800 % increase.

74 years to go up 100%

50 years to go up 1800%

And these Levis are made either in Mexico, Guatemala, Honduras, Colombia, or China, depending on the tag.


22 posted on 12/03/2012 9:09:39 PM PST by Ruy Dias de Bivar (The parasites now outnumber the producers.)
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To: WilliamofCarmichael
work used to be rewarding....your company appreciated you....

I remember a very poor industry...shoe making....that employed lots of people in the area where I grew up....the workers did not get paid much...but they were respected...

the company supported schools, pools, parks, carousels, and even public artwork....

but the kicker is they had their very own large clinic...pharmacy, xrays, nurses, and doctors ONLY for the employees and their children...

what a god send when you didn't have much money yet could bring every one of your several kids down to get checked for illness....

life used to be pretty good....

23 posted on 12/03/2012 9:14:21 PM PST by cherry
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To: WilliamofCarmichael

I remember when a candy bar was only a quarter.

I felt the urge to day but that same “whatchyamacallit” was 1.99...

looked smaller to.

The urge pasted.

I’m not even 40 yet!


24 posted on 12/03/2012 9:14:24 PM PST by cableguymn (The founding fathers would be shooting by now..)
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To: WilliamofCarmichael

I remember when a candy bar was only a quarter.

I felt the urge to day but that same “whatchyamacallit” was 1.99...

looked smaller to.

The urge past.

I’m not even 40 yet!


25 posted on 12/03/2012 9:14:35 PM PST by cableguymn (The founding fathers would be shooting by now..)
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To: Red Badger
The entire nation will become a slum.....

Not in Hawaii on a 40 million $ estate, not in San Francisco, or D.C or northern Virginia. Those places will get richer and richer. It's the rest of us pawns who will end up living like we're in the projects ... I'm sure the Obamadrones will be too happy about this to notice that their lot in life is stuck in the mud of revenge and entitlements.

26 posted on 12/03/2012 9:16:07 PM PST by Aria ( 2008 & 2012 weren't elections - both were a coup d'etat.)
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To: mmichaels1970

I agree with you. They just replaced a contract providing facility maintenance where I work. The new contractor offered existing workers half the pay they’d been making. Several retired or left.


27 posted on 12/03/2012 9:24:17 PM PST by FrogMom (Chicken Little is coming, and he's right!)
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To: Aria

Those places will not get richer, they will slide, inexorably, into disrepair and destruction. Slowly at first, then faster and faster, until they are nothing but hollowed out shells, stripped of every last bit of scrap that can be turned into cash.

The residents, incapable of providing the means necessary to protect their own property, will become feral animals, attacking anyone who has more than they do.

The rural areas will become the targets of roving gangs of hungry hordes that will either kill or be killed in the fight for survival, with no mercy or human compassion for any.........


28 posted on 12/03/2012 9:28:53 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: cableguymn

When I was a kid, a quarter would buy a 12 oz coke AND a candy bar!.......


29 posted on 12/03/2012 9:31:34 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: MeneMeneTekelUpharsin

Start 1776 Finish 2008 It came to pass and just about right on schedule according to Alexander Tyler.

About the time our original thirteen states adopted their new constitution in 1787, Alexander Tyler, a Scottish history professor at the University of Edinburgh, had this to say about the fall of the Athenian Republic some 2,000 years earlier:

“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government.”

“A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury.”

“From that moment on, the majority always vote for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.”

“The average age of the world’s greatest civilizations from the beginning of history, has been about 200 years”

“During those 200 years, those nations always progressed through the following sequence:

1. from bondage to spiritual faith; 2. from spiritual faith to great courage; 3. from courage to liberty; 4. from liberty to abundance; 5. from abundance to complacency; 6. from complacency to apathy; 7. from apathy to dependence; 8. From dependence back into bondage”

Unfortunately there are no boundaries to human stupidity.


30 posted on 12/03/2012 9:42:15 PM PST by saintgermaine
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To: cableguymn

“I remember when a candy bar was only a quarter.”

You aren’t dry behind the ears!!

When I was a kid a candy bar was 5 cents, a quart of ice cream from the Good Humor man was a quarter.

When I was 8 I was rich, I made 1 cent/paper and had a 200 paper route.


31 posted on 12/03/2012 9:50:50 PM PST by dalereed
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To: Red Badger

Sounds like Mad Max. But this hasn’t happened in Europe...yet.

Personally, I’m close enough to Canada to think of it as an escape route. Amazing,...American citizens who have paid taxes all their lives looking for an escape from the country of their birth..the former beacon of freedom.

Part of me hopes that zero and his minions end up with nothing but a pile of steaming $hit and the hoards of obamatakers screaming for gimmes.

I can dream...still.


32 posted on 12/03/2012 10:04:30 PM PST by Aria ( 2008 & 2012 weren't elections - both were a coup d'etat.)
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To: saintgermaine

I forgot to mention that the interesting part will be as to what will trigger the start of another cycle?


33 posted on 12/03/2012 10:06:52 PM PST by saintgermaine
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To: tbw2

that was the excuse but then he gave away a zillion dollars of our tax money to his friends in the “eco energy industry” running fake or crooked or just simply incompetent firms... you can make up a list of all the companies that he gave our tax money to and then went broke (and our money conveniently disappearing in the process)

draw you own conclusions but we got zilch energy from all these deals

all we got left with was tons of added debt and doubled gasoline prices


34 posted on 12/03/2012 10:07:05 PM PST by faithhopecharity (--)
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To: Aria

Just watch what happens when states like California go bankrupt. First, the cities will go bankrupt, forcing the state to take over the operation of the city services. As more cities fall, the state will collapse under the financial strain.

People with the means will leave and take their wealth with them. That leaves a poorer group behind that will demand more and more from the state.

At some point, the federal government will “bail out” the state, transferring the weight of the entire state onto the nation’s shoulders. Soon, other states will follow suit as their funds dry up and services must be rendered.

As the ever increasing burden of social programs gets too heavy to bear,
The Collosus will fall........


35 posted on 12/03/2012 10:18:31 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Red Badger

What! It’s going to get bad in rural areas?


36 posted on 12/03/2012 10:26:48 PM PST by Terry Mross (I haven't watched the news since the election. Someone ping me if anything big happens.)
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To: cableguymn
I remember when a candy bar was only a quarter. I felt the urge to day but that same “whatchyamacallit” was 1.99... looked smaller to. The urge pasted. I’m not even 40 yet!

I remember when a candy bar was only a quarter. I felt the urge to day but that same “whatchyamacallit” was 1.99... looked smaller to. The urge past. I’m not even 40 yet!

Maybe: today, too, and passed?

Regards,

37 posted on 12/03/2012 10:36:07 PM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Terry Mross

When the cities run out of food and fuel, the rural areas are next in the line........


38 posted on 12/03/2012 10:45:18 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: MeneMeneTekelUpharsin

My Dad buys a house in the 1960’s.
Get’s it paid off in the 1990’s and the property taxes cost more to pay monthly than the mortgage was.

Inflation sucks.
Taxing property every year sucks.


39 posted on 12/03/2012 11:09:06 PM PST by right way right (What's it gonna take?)
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To: FrogMom

That’s what happened to me at the hospital I worked at as a medical transcriptionist. Dictaphone leased us the dictation system for 3 years, which was a voice recognition system. When the lease was up, Dictaphone “kindly” offered to take over the transcription services for the hospital. They wanted to hire the MTs but instead of being paid hourly, we would be paid strictly on production. My income would have gone from $20+ per hour to $10-12, my health insurance would have cost double with a higher deductible, and my vacation time would be 1 week instead of 4. Most of us refused their offer.


40 posted on 12/03/2012 11:11:59 PM PST by Prince of Space (Be Breitbart, baby!)
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To: WilliamofCarmichael
first class letters IIRC three cents;

Ooh, that dates you. I do recall when it went to 4 cents, though - the purple Lincoln stamp IIRC, so I guess that dates me too.

41 posted on 12/03/2012 11:17:45 PM PST by dr_lew
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To: MeneMeneTekelUpharsin

As long as we are taxed on the number of dollars we earn, while the government controls the value of those dollars, we are little better than slaves.


42 posted on 12/04/2012 12:56:10 AM PST by STYRO (Do not accept unconstitutional government as legitimate government.)
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To: saintgermaine
7. from apathy to dependence;

Which is why the original poster is wrong. For the most part there won't be inflation of salaries. Obama will make sure some union salaries go up (at the cost of jobs) and will hire a LOT more government employees at inflated salaries (he will also bail out blue states so they can do the same). The biggest change will be a large increase in government dependents. At some point social security and disability will be greatly increased to reflect inflation in prices. Then more people will "retire" or become "disabled" simply to survive. At some point the government salaries and transfer payments will exceed the private sector, then the printing presses can be turned on full blast.

43 posted on 12/04/2012 2:24:51 AM PST by palmer (Jim, please bill me 50 cents for this completely useless post)
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To: cableguymn

I’m just past 40 and can’t believe it when I see the prices on candy bars and pastries; I used to eat these things daily 15 years ago, then I lost interest. Now when I see the prices I lose interest again; I can’t believe how high the prices are!


44 posted on 12/04/2012 2:55:29 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: palmer

“Obama will make sure some union salaries go up (at the cost of jobs) and will hire a LOT more government employees at inflated salaries (he will also bail out blue states so they can do the same).”

That’s right; there is no reason to believe our masters will increase salaries to deal with inflation (there is no incentive for them to do so). It will make foreign workers overseas more attractive (good-bye more jobs), and for work that can’t be moved it will make illegal aliens (possibly “amnestied”) more attractive. Nobody can seriously look at the wage (and benefits) issues today in the US and possibly think we’re getting a raise to combat inflation.

A shrinking number of American workers are in a position to “name their price”, and forces are already at work to replace them with Asians (even importing & educating the Asians here to do it). As this past election demonstrated, this bodes ill for the country.


45 posted on 12/04/2012 3:00:04 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: Red Badger
The entire nation will become a slum.....


Welcome to your new home at The Obama Towers!

46 posted on 12/04/2012 3:35:45 AM PST by Brandonmark (OWCM is The new American Minority!)
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To: cableguymn
I remember when a candy bar was only a quarter.

I remember in the early 70's when candy bars went from .08 cents to .10 cents.

I was a young kid and I was outraged...lol!

Historic candy prices

47 posted on 12/04/2012 3:44:05 AM PST by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: kearnyirish2

Every time I’m in the supermarket, I look at how prices have tripled over the past 4 years and can’t believe it wasn’t a campaign issue. Food shopping during the Bush years cost half of what it does today.


48 posted on 12/04/2012 4:12:58 AM PST by jersey117
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To: Red Badger
The entire nation will become a slum....

I prefer to term ghetto...

49 posted on 12/04/2012 4:19:41 AM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: cicero2k
You think they would index these tax rate levels, to I don’t know; the price of bacon, gasoline, college tuition, movie tickets etc.

The legislators have no intention of indexing. Failure to index is deliberate.

50 posted on 12/04/2012 4:25:07 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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