To be perfectly fair, we should note that many of the 49% do pay other taxes (payroll taxes and state and local taxes). These taxes do take a significant chunk of their income. However, I have seen government data that show most receive government benefits in excess of the amount of taxes that they pay.
TF: Not sure where you got your 49% number, but everyone I have spoken to does not want more spending by the government. It just increases our taxes as you know. Wish they would get more from the ultra rich (esp., if they don't pay any taxes now). I know... dream on.
Blah, Blah, Blah - more ignorant and uninformed lefty garbage spewing from the highly indoctrinated and arrogantly ignorant. But it sounds so good and makes you feel just wonderful about yourself, right? Muh "Tax the Rich" noxious pollution.
SE: Blah, Blah. I was asking a question. Feel free NOT to respond to any of my questions. You are being a BIG JERK with your feed back. Just ignore me and I will do the same for you!
You can find this information on a variety of websites including irs.gov. It's actually closer to 47% that don't pay any income taxes (not to be confused with "payroll taxes" which are Social Security and Medicare), but Tom's point is still valid. What I've gathered from your previous posts is that you don't travel in the circle of people that Tom was referring to. Our problem, as Bill has chronicled ad nauseam, is that the politicos have figured out how to get what they want to give away without raising taxes (i.e. "borrowing" and "printing").
I was commenting on Joel’s note about the PEW Research Center poll. That’s where the 49% that want more spending number came from. I just generalized the 49% that don’t pay income tax from other information that I’ve heard over the years, maybe it’s 47%, maybe it’s 50%. Depends on how you count it.
So the Chinese have been spying on the USA from Cuba over some of the best rum & cigars you can find.
What a waste of money that the Treasurer of China has spent, to bail out billions to Cubans when all he needs to do is get info by -
1) Subscribing to BPR for a very few coin and zero gold.
2) Have all the wisdom of the team translated into Mandarin, downloaded on to his Chinese made iPhone.
3) Read over tea, noodles or maybe Scotch or Malbec in 10-15 minutes each few days.
4) Be fully briefed on every weakness, developing economic blunder, creeping decay in the empires of the West & their democratic quagmires of governance.
5) Reassess what used to be capitalistic patriotism with the strength of steel, now only lead by confused, incoherent, leadership morons, with their supporters whom only understand ‘Gimmie’ & ‘Now’ and no other vocabulary of economic consequences.
6) Realise the US, Euro, £ money syphon via MIC, Big Pharma and guzumpted trillions via wanker/bankers, to do what the eunuchs at UN, WHO etc, now having been castrated, corrupted and connived, to now ignore and avoid.
You really don’t need more money on spies in Cuba, Mr Xi !
On the plus side, if there was a Chinese Bill Bonner talking about all the problems in China, he would be summarily executed, so there are still some benefits of living here, um, er, freedum.
Oh wait, Mr. Bonner doesn't live here. Never mind.
I find it the definition of justice that the majority of the people were all for taxing 'rich people' when the income tax was instituted in 1913. Not many years went by before the definition of 'rich people' applied to these envious people. Selfish human nature never pays, sooner or later, justice will catch up to you. The survey results show that most people don't learn from their mistakes, or don't know history, or both.
You wrote one of the most salient sentences I have read in the past five years- ‘wars of choice’ are a racket, meant to enrich and empower the few at the expense of the many.
Hey Donald. I know you were just like me meaning a conservative. I don’t want the government to set interest rates. There should be no federal reserve in my humble opinion. Let the marketplace determine what the interest rate should be. Without the federal reserve, all these wars of choice would end.
Thought the same thing many years ago. Bottom line is that Federal Reserve has become a political instrument. Their mission was changed by Congress to support full employment. In other words, they can’t really fix anything.
Most gov workers don't actually make anything or protect our country. The out-of-work 50 percent would stop being included in the deficit and there would be little difference noticed by the average Joe.
Those 50 percent could then fill some of those open positions in the private sector. After getting 'real' employment, they will be paying taxes instead of requiring taxes be paid by others for their compensation.
In the case of government "workers", we're going to need you to define "work" and differentiate your definition from Affirmative Action, Diversity Hire Welfare...
It's interesting that the NYT cannot have an article that mentions Bobby Kennedy without including negativity. Recently, for example, in a NEWS story, they said that his wife will be joining his campaign and that this might "normalize his dangerous ideas." There was no attempt to identify his "dangerous ideas", or explain why they are "dangerous" in this NEWS story. Supposedly, they are "dangerous" because the NYT says they are, and that's that! For this and sundry reasons, I've cancelled my subscription - the corruption is just overwhelming.
Sadly you are both wrong about trying to now change the direction of the USS carrier turned into a destroyer back in 2012 .. you ignored the only candidate who had a chance to turn the ship onto a different course as there was still enough political will/capital for Dr Ron Paul to manage it, given the makeup of the Congress .. today that conglomeration of misfits is no longer capable of altering the course of the USS ship .. having spent millions to support Dr Paul's campaign I can assure you from firsthand experience that you (JFKjr) don't have a hope in hell of even getting him onto the ballet .. the forces of hell have been unleashed and nothing that so called "average americans" can or even have the will, intelligence or sensitivity to realise the path they are now on .. the real Armageddon master's are in the east both in the US and Europe .. unless they somehow stop the current incarnation of Hitler/Putin and his criminal cartels embedded in EVERY aspect of human life .. the people have no vision/hope for a better future and no one to lead them and sadly JFKjr is not the right character either .. so don't waste your time effort or energy on a losing cause ..
Hey Star. Americans have been told for 40 years that Russia is bad. I remember the 60s with the Keita Cruz chef saying we will bury you to America. That Russia is long gone. Propaganda works so Putin must be bad. Sad situation in this country with people believing everything you’re told.
The crowd is usually wrong, so thanks for confirming I have the correct position.
Don't assume, BTW, that I consider the US or Ukraine "the good guy." There are no real "good guys," and never were. Not even the Allied powers in WWII.
I guess that requires some explanation, since most people are ignorant of history. The Allied powers said they would never firebomb/attack civilians. Yep, they did - Hiroshima, Nagasaki, Dresden are just a few examples. Mussolini had gotten rid of the mafia in Italy. The US revived them, in order to win the war. Stalin was such a monster, that many Russians joined the Nazis, to defeat Russia. After the war, these 'freedom fighters' were returned to the Soviet Union by the Allies, and either executed right away, or slowly executed by sending them to the Gulags. Those are just a few examples. No nation has 'clean hands.' The US and the Allies wanted to win at any cost, so they made a deal with the devil. The devil will have his due.
Hi Alex. This is John Kennedy’s missile crisis of 1962. He was ready to risk nuclear war to defend his position. He did not want missiles belong to Russia 90 miles away in Cuba. Putin wants the same thing. He does not want NATO missiles on the border with Ukraine. Did you know Ukraine has been shelling to Dan bass since 2014? That’s where a sizable Russian population lives. John Kennedy wanted peace with Russia, the same as Trump did. You can see what the establishment politicians have done. I am truly amazed a person on this thread does not see this. I see you’re quite upset by Putin. Have you considered in listing in the Ukrainian army? They are taking volunteers.
I am unavailable to fight for Ukraine, as I am currently involved in an unseen war, a war of principles, between Christ and satan. I may fall, but I already know who will win, so my victory is assured. satan was a loser from the beginning; I want to be on the side of the winner.
Hey Alex. I am very sorry if I offended you. I am a very devout Christian as well. I thought by your previous post that you were one of his crazy Americans who believe in American exceptionalism. I just don’t understand how anyone that does no history could not see the similarities between the Cuban missile crisis and Ukraine. And because you know history, so well, do you understand that World War II from America and World War II for Russia or two different things. Again, my apologies. PS. Upon the conclusion of World War II. Curtis Lemay should have been hung. Sorry voice text.
Disgusting, right? The “citizens of the world” are running out of boltholes in which to lay low. Don’t take this as maudlin, but it is not death I fear, it’s living too long.
In a recent Ameriprise assessment of the economy, this statement stood out to me: “If the Fed remains on the sidelines through the rest of the year and possibly cuts rates sometime in early 2024, that could give risk assets some breathing room and allow stock leadership to broaden to more cyclical areas over time.” My question to them is, if Fed inactivity is good for the markets during bad times, why not keep its hands out of the batter in good times? Their recipe seems noxious, right?
We need assets to rebase the US dollar and quickly
Occupy resource based countries not so nice but necessary or open US to English speaking Canadians and reset a new and larger country with plenty of assets to be repriced at forensic basis
“49% favor increasing government spending”. That’s the 49% who don’t pay any income tax but receive government benefits. Any surprise here?
To be perfectly fair, we should note that many of the 49% do pay other taxes (payroll taxes and state and local taxes). These taxes do take a significant chunk of their income. However, I have seen government data that show most receive government benefits in excess of the amount of taxes that they pay.
TF: Not sure where you got your 49% number, but everyone I have spoken to does not want more spending by the government. It just increases our taxes as you know. Wish they would get more from the ultra rich (esp., if they don't pay any taxes now). I know... dream on.
Blah, Blah, Blah - more ignorant and uninformed lefty garbage spewing from the highly indoctrinated and arrogantly ignorant. But it sounds so good and makes you feel just wonderful about yourself, right? Muh "Tax the Rich" noxious pollution.
"𝙏𝙝𝙚 𝙖𝙫𝙚𝙧𝙖𝙜𝙚 𝙞𝙣𝙘𝙤𝙢𝙚 𝙩𝙖𝙭 𝙧𝙖𝙩𝙚 𝙞𝙣 2020 𝙬𝙖𝙨 13.6 𝙥𝙚𝙧𝙘𝙚𝙣𝙩. 𝙏𝙝𝙚 𝙩𝙤𝙥 1 𝙥𝙚𝙧𝙘𝙚𝙣𝙩 𝙤𝙛 𝙩𝙖𝙭𝙥𝙖𝙮𝙚𝙧𝙨 𝙥𝙖𝙞𝙙 𝙖 25.99 𝙥𝙚𝙧𝙘𝙚𝙣𝙩 𝙖𝙫𝙚𝙧𝙖𝙜𝙚 𝙧𝙖𝙩𝙚, 𝙢𝙤𝙧𝙚 𝙩𝙝𝙖𝙣 𝙚𝙞𝙜𝙝𝙩 𝙩𝙞𝙢𝙚𝙨 𝙝𝙞𝙜𝙝𝙚𝙧 𝙩𝙝𝙖𝙣 𝙩𝙝𝙚 3.1 𝙥𝙚𝙧𝙘𝙚𝙣𝙩 𝙖𝙫𝙚𝙧𝙖𝙜𝙚 𝙧𝙖𝙩𝙚 𝙥𝙖𝙞𝙙 𝙗𝙮 𝙩𝙝𝙚 𝙗𝙤𝙩𝙩𝙤𝙢 𝙝𝙖𝙡𝙛 𝙤𝙛 𝙩𝙖𝙭𝙥𝙖𝙮𝙚𝙧𝙨."
https://taxfoundation.org/publications/latest-federal-income-tax-data/
"𝙃𝙞𝙜𝙝-𝙞𝙣𝙘𝙤𝙢𝙚 𝘼𝙢𝙚𝙧𝙞𝙘𝙖𝙣𝙨 𝙖𝙡𝙧𝙚𝙖𝙙𝙮 𝙥𝙖𝙮 𝙩𝙝𝙚 𝙡𝙖𝙧𝙜𝙚 𝙢𝙖𝙟𝙤𝙧𝙞𝙩𝙮 𝙤𝙛 𝙩𝙖𝙭𝙚𝙨, 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙐.𝙎. 𝙩𝙖𝙭 𝙨𝙮𝙨𝙩𝙚𝙢 𝙞𝙨 𝙝𝙞𝙜𝙝𝙡𝙮 𝙥𝙧𝙤𝙜𝙧𝙚𝙨𝙨𝙞𝙫𝙚 𝙬𝙝𝙚𝙣 𝙘𝙤𝙢𝙥𝙖𝙧𝙚𝙙 𝙩𝙤 𝙩𝙝𝙤𝙨𝙚 𝙤𝙛 𝙤𝙩𝙝𝙚𝙧 𝙘𝙤𝙪𝙣𝙩𝙧𝙞𝙚𝙨."
https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxes
But, as is typical, don't let the FACTS or REALITY stand in the way of your talking point, virtue-signaling 𝗳𝗮𝗹𝘀𝗲𝗵𝗼𝗼𝗱𝘀...
Mr. Star, absolutely well said! These virtue signaling fools make me sick to my stomach.
SE: Blah, Blah. I was asking a question. Feel free NOT to respond to any of my questions. You are being a BIG JERK with your feed back. Just ignore me and I will do the same for you!
You can find this information on a variety of websites including irs.gov. It's actually closer to 47% that don't pay any income taxes (not to be confused with "payroll taxes" which are Social Security and Medicare), but Tom's point is still valid. What I've gathered from your previous posts is that you don't travel in the circle of people that Tom was referring to. Our problem, as Bill has chronicled ad nauseam, is that the politicos have figured out how to get what they want to give away without raising taxes (i.e. "borrowing" and "printing").
DJ: Thanks for your reply.
I was commenting on Joel’s note about the PEW Research Center poll. That’s where the 49% that want more spending number came from. I just generalized the 49% that don’t pay income tax from other information that I’ve heard over the years, maybe it’s 47%, maybe it’s 50%. Depends on how you count it.
Agreed, I've seen the percentage all over the map. I just chose the most conservative (lowest one) because of who I was responding to.
I have been leaving comments on BPR, for some time. Why did this one today not go through?
Not any surprise what the polls reveal, Forty, plus years of "dumbing down America" is working
the "power hungry", have the CONTROL they want---Courts, Education, Media, etc., therefore one
should not hold their breath for any good change.
RALPH W.
So the Chinese have been spying on the USA from Cuba over some of the best rum & cigars you can find.
What a waste of money that the Treasurer of China has spent, to bail out billions to Cubans when all he needs to do is get info by -
1) Subscribing to BPR for a very few coin and zero gold.
2) Have all the wisdom of the team translated into Mandarin, downloaded on to his Chinese made iPhone.
3) Read over tea, noodles or maybe Scotch or Malbec in 10-15 minutes each few days.
4) Be fully briefed on every weakness, developing economic blunder, creeping decay in the empires of the West & their democratic quagmires of governance.
5) Reassess what used to be capitalistic patriotism with the strength of steel, now only lead by confused, incoherent, leadership morons, with their supporters whom only understand ‘Gimmie’ & ‘Now’ and no other vocabulary of economic consequences.
6) Realise the US, Euro, £ money syphon via MIC, Big Pharma and guzumpted trillions via wanker/bankers, to do what the eunuchs at UN, WHO etc, now having been castrated, corrupted and connived, to now ignore and avoid.
You really don’t need more money on spies in Cuba, Mr Xi !
We are serving it to you in a bowl, here and now.
Pull out your chopsticks and get stuck in ...
On the plus side, if there was a Chinese Bill Bonner talking about all the problems in China, he would be summarily executed, so there are still some benefits of living here, um, er, freedum.
Oh wait, Mr. Bonner doesn't live here. Never mind.
Not any surprise what the polls reveal, Forty, plus years of "dumbing down America" is working,
the "power hungry", have the CONTROL they want--Courts, Education, Media, etc., therefore one
should not hold their breath for any good change.
RALPH W.
I find it the definition of justice that the majority of the people were all for taxing 'rich people' when the income tax was instituted in 1913. Not many years went by before the definition of 'rich people' applied to these envious people. Selfish human nature never pays, sooner or later, justice will catch up to you. The survey results show that most people don't learn from their mistakes, or don't know history, or both.
You wrote one of the most salient sentences I have read in the past five years- ‘wars of choice’ are a racket, meant to enrich and empower the few at the expense of the many.
This debt problem has never happened before. But this is how to fix it.
Cut Interest rate, then raise Interest rate every other month for 15 years.
And create a new dollar CBDC tied to Gold.
SLASH TAXES.
Slightly progressive.
Balance the budget.
Chapter 13 reorganize.
Shrink Federal Government 50%.
Hey Donald. I know you were just like me meaning a conservative. I don’t want the government to set interest rates. There should be no federal reserve in my humble opinion. Let the marketplace determine what the interest rate should be. Without the federal reserve, all these wars of choice would end.
Thought the same thing many years ago. Bottom line is that Federal Reserve has become a political instrument. Their mission was changed by Congress to support full employment. In other words, they can’t really fix anything.
sounds just like the plan that Dr Ron Paul proposed in 2012 .. not a chance!
Shrinking the Federal government 50% will put a lot of people out of work.
Most gov workers don't actually make anything or protect our country. The out-of-work 50 percent would stop being included in the deficit and there would be little difference noticed by the average Joe.
Those 50 percent could then fill some of those open positions in the private sector. After getting 'real' employment, they will be paying taxes instead of requiring taxes be paid by others for their compensation.
So? What's the downside here?
You mean the ones who get paid double the normal going rate. And get free health care.
Those people who keep raising their own salary & benefits.
And accomplishing NOTHING!
Pardon me while I laugh my ass off!
Hi Guy -
In the case of government "workers", we're going to need you to define "work" and differentiate your definition from Affirmative Action, Diversity Hire Welfare...
Hey Guy, that would be perfect. I’ll see you
It's interesting that the NYT cannot have an article that mentions Bobby Kennedy without including negativity. Recently, for example, in a NEWS story, they said that his wife will be joining his campaign and that this might "normalize his dangerous ideas." There was no attempt to identify his "dangerous ideas", or explain why they are "dangerous" in this NEWS story. Supposedly, they are "dangerous" because the NYT says they are, and that's that! For this and sundry reasons, I've cancelled my subscription - the corruption is just overwhelming.
I'm still reeling over the fact that any BPR subscriber would also have a subscription to the New York Times.
Alex, my thoughts exactly!!
Agreed.
ME TOO MR> ALEX!!
Boy Howdy...
Hey Bob, I can’t for the life of me imagine why you kept this long! They are true pigs!
Altschule,
I think Ron Paul is a kook. Just a little fruitier than Byedone.
I have never supported him.
JFKJR coming on strong. But Dems will kill him, literally.
My most passionate hatred is for disgusting democrats.
Sadly you are both wrong about trying to now change the direction of the USS carrier turned into a destroyer back in 2012 .. you ignored the only candidate who had a chance to turn the ship onto a different course as there was still enough political will/capital for Dr Ron Paul to manage it, given the makeup of the Congress .. today that conglomeration of misfits is no longer capable of altering the course of the USS ship .. having spent millions to support Dr Paul's campaign I can assure you from firsthand experience that you (JFKjr) don't have a hope in hell of even getting him onto the ballet .. the forces of hell have been unleashed and nothing that so called "average americans" can or even have the will, intelligence or sensitivity to realise the path they are now on .. the real Armageddon master's are in the east both in the US and Europe .. unless they somehow stop the current incarnation of Hitler/Putin and his criminal cartels embedded in EVERY aspect of human life .. the people have no vision/hope for a better future and no one to lead them and sadly JFKjr is not the right character either .. so don't waste your time effort or energy on a losing cause ..
Oh my poor Altschule -
You have completely 𝗿𝘂𝗶𝗻𝗲𝗱 an otherwise 𝗳𝗶𝗻𝗲 comment by letting the crazy peep out - again:
"...the current incarnation of Hitler/Putin ..."
Hey Star. Americans have been told for 40 years that Russia is bad. I remember the 60s with the Keita Cruz chef saying we will bury you to America. That Russia is long gone. Propaganda works so Putin must be bad. Sad situation in this country with people believing everything you’re told.
Apparently, not long gone. Russia is as much of a thug as the Soviet Union was. They didn't have to invade Ukraine.
Hey Alex. I’m sorry to keep grinding on, but did you know that 80 or 85% of the world stands with Russia not the USA
The crowd is usually wrong, so thanks for confirming I have the correct position.
Don't assume, BTW, that I consider the US or Ukraine "the good guy." There are no real "good guys," and never were. Not even the Allied powers in WWII.
I guess that requires some explanation, since most people are ignorant of history. The Allied powers said they would never firebomb/attack civilians. Yep, they did - Hiroshima, Nagasaki, Dresden are just a few examples. Mussolini had gotten rid of the mafia in Italy. The US revived them, in order to win the war. Stalin was such a monster, that many Russians joined the Nazis, to defeat Russia. After the war, these 'freedom fighters' were returned to the Soviet Union by the Allies, and either executed right away, or slowly executed by sending them to the Gulags. Those are just a few examples. No nation has 'clean hands.' The US and the Allies wanted to win at any cost, so they made a deal with the devil. The devil will have his due.
Hi Alex. This is John Kennedy’s missile crisis of 1962. He was ready to risk nuclear war to defend his position. He did not want missiles belong to Russia 90 miles away in Cuba. Putin wants the same thing. He does not want NATO missiles on the border with Ukraine. Did you know Ukraine has been shelling to Dan bass since 2014? That’s where a sizable Russian population lives. John Kennedy wanted peace with Russia, the same as Trump did. You can see what the establishment politicians have done. I am truly amazed a person on this thread does not see this. I see you’re quite upset by Putin. Have you considered in listing in the Ukrainian army? They are taking volunteers.
See my reply above.
I am unavailable to fight for Ukraine, as I am currently involved in an unseen war, a war of principles, between Christ and satan. I may fall, but I already know who will win, so my victory is assured. satan was a loser from the beginning; I want to be on the side of the winner.
Hey Alex. I am very sorry if I offended you. I am a very devout Christian as well. I thought by your previous post that you were one of his crazy Americans who believe in American exceptionalism. I just don’t understand how anyone that does no history could not see the similarities between the Cuban missile crisis and Ukraine. And because you know history, so well, do you understand that World War II from America and World War II for Russia or two different things. Again, my apologies. PS. Upon the conclusion of World War II. Curtis Lemay should have been hung. Sorry voice text.
Disgusting, right? The “citizens of the world” are running out of boltholes in which to lay low. Don’t take this as maudlin, but it is not death I fear, it’s living too long.
In a recent Ameriprise assessment of the economy, this statement stood out to me: “If the Fed remains on the sidelines through the rest of the year and possibly cuts rates sometime in early 2024, that could give risk assets some breathing room and allow stock leadership to broaden to more cyclical areas over time.” My question to them is, if Fed inactivity is good for the markets during bad times, why not keep its hands out of the batter in good times? Their recipe seems noxious, right?
Are you a Ron Paul supporter, Sir!
We need assets to rebase the US dollar and quickly
Occupy resource based countries not so nice but necessary or open US to English speaking Canadians and reset a new and larger country with plenty of assets to be repriced at forensic basis
The problem of bad ratios is history
Chr G Walhof