Green Energy
- "how Would You Feel If You Knew That Almost All Of The Money You Pay In Personal Income Tax Went To Pay Just One Bill, The Interest On The Debt?”
CNBC TodayChances are, you and millions of Americans would find that completely unacceptable and indeed they should.But that is where we may be heading.Thanks to the Fed, the interest rate paid on our national debt is at an historic low of 2.4 percent,...
- The Deal ? Maybe The Answer Is To Boycott The Next 2 Election Cycles
The news is now filled with portents of a ramp over the fiscal cliff.Instead of increasing the tax rates on those making $250k or more, it’s $400k.INCREASES in spending would be cut by about 10%. How? Well one way is to reduce the increases in social security...
- How To Scare All Worldwide Financial Markets And Piss Off American Allies In One Sentence
President Obama told congressional leaders Sunday that America is not a ‘banana republic.’ But don’t stop there, let’s also chill whatever urge to purchase anything or borrow by anyone is left … ANYWHERE, in ANY ENTITY, personal, biz, national...
- China Has Divested 97 Percent Of Its Holdings In U.s. Treasury Bills
From CNS: China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month...
- How Bad Is This Crisis Of Confidence? Us Govt Creates Wealth By Borrowing... You Get Back Less Than You Lend Us, But It's Safe
If you walk into a US Treasury Auction where T-Bills are sold you have better be into wealth preservation and not growing your funds. Dec. 9 (Bloomberg) -- Treasuries rose, pushing rates on the three-month bill negative for the first time, as...
Green Energy
Obama not being bold enough ..LEGALIZE MARIJUANA, USE TAXES TO HELP PAY IT ALL OFF
I suspect about 25% of the US population would smoke pot if it was legal.
Probably at least 10% regularly.
Count me in with BIll Buckley on this one.
Tax the equivalent of 5 joints worth at $15. Use the same administration as taxing alcohol. That would work out to about $675 million per weekend if 15-17% used it one weekend night. If NO ONE ELSE SMOKED during the week that's > 20 billion a year. But that won't be the case , will it?
To pay the 3.7 trillion off in a year we need to smoke 175 times that (if you think about it that way the bill for the stimuli and bailouts are quite a bender). But we don't need to pay it off in 1 year, we just need to be able to pay the T bills in the 5-7 year range. And the debt increase itself has usually been estimated to be in the 1.7 trillion range.
It's a big start.
We need incremental income as a nation, and this is one way to find it.
Taxing the people, businesses, inventors, entrepreneurs and risk takers who jump start things won't help us make a thing. Increasing govt revenue through confiscatory income and other taxing will NOT get us out, it will COLLAPSE the USA, and then the world.
People are smoking it.
There no law which will stop it.
Legalize it and tax it.
Reduce crime, graft and bribes and corruption.
Pay off the debt.
MOVE IT, BARRY
Probably at least 10% regularly.
Count me in with BIll Buckley on this one.
Tax the equivalent of 5 joints worth at $15. Use the same administration as taxing alcohol. That would work out to about $675 million per weekend if 15-17% used it one weekend night. If NO ONE ELSE SMOKED during the week that's > 20 billion a year. But that won't be the case , will it?
To pay the 3.7 trillion off in a year we need to smoke 175 times that (if you think about it that way the bill for the stimuli and bailouts are quite a bender). But we don't need to pay it off in 1 year, we just need to be able to pay the T bills in the 5-7 year range. And the debt increase itself has usually been estimated to be in the 1.7 trillion range.
It's a big start.
We need incremental income as a nation, and this is one way to find it.
Taxing the people, businesses, inventors, entrepreneurs and risk takers who jump start things won't help us make a thing. Increasing govt revenue through confiscatory income and other taxing will NOT get us out, it will COLLAPSE the USA, and then the world.
People are smoking it.
There no law which will stop it.
Legalize it and tax it.
Reduce crime, graft and bribes and corruption.
Pay off the debt.
MOVE IT, BARRY
- "how Would You Feel If You Knew That Almost All Of The Money You Pay In Personal Income Tax Went To Pay Just One Bill, The Interest On The Debt?”
CNBC TodayChances are, you and millions of Americans would find that completely unacceptable and indeed they should.But that is where we may be heading.Thanks to the Fed, the interest rate paid on our national debt is at an historic low of 2.4 percent,...
- The Deal ? Maybe The Answer Is To Boycott The Next 2 Election Cycles
The news is now filled with portents of a ramp over the fiscal cliff.Instead of increasing the tax rates on those making $250k or more, it’s $400k.INCREASES in spending would be cut by about 10%. How? Well one way is to reduce the increases in social security...
- How To Scare All Worldwide Financial Markets And Piss Off American Allies In One Sentence
President Obama told congressional leaders Sunday that America is not a ‘banana republic.’ But don’t stop there, let’s also chill whatever urge to purchase anything or borrow by anyone is left … ANYWHERE, in ANY ENTITY, personal, biz, national...
- China Has Divested 97 Percent Of Its Holdings In U.s. Treasury Bills
From CNS: China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month...
- How Bad Is This Crisis Of Confidence? Us Govt Creates Wealth By Borrowing... You Get Back Less Than You Lend Us, But It's Safe
If you walk into a US Treasury Auction where T-Bills are sold you have better be into wealth preservation and not growing your funds. Dec. 9 (Bloomberg) -- Treasuries rose, pushing rates on the three-month bill negative for the first time, as...