Days
Commentator
Let me preface this by stating that ALL our money is created out of thin air... all of it. So pleeeeeeeeeeeze, do not reply and tell me that it would be wrong for the government to just print up money.... when do you ever outgrow that one? ALL your money is created out of thin air; if you want money, it has to be created... you know why? cuz your money is a fiat currency, not precious metals.
Those of you who know me know that I use the term "currency" for all the money in circulation, no matter what form it is circulating in.
Okay, so here's the top post: I think tax reform is a reasonable thing to do and that a reasonable rate for today's distribution should hold rates to nothing for up to $100,000 and then begin to slowly rise to 5% for incomes up to $250,000 and then continue to slowly climb to 10% for incomes up to $400,000 and progress on that curve until it hits 90%. Hence, a person making over $2.5 million per year can expect his income over the $2.5 million mark to be taxed @ 90%.
The whole point of taxation and a fiat currency is to achieve reasonable distribution. But the question arises; what is reasonable? The rich would have us believe that reasonable is the present distribution where they own everything and the bottom 50% of society is getting tossed in the streets. That makes perfect sense to them but why should it make perfect sense to the rest of us? "Spreading the wealth around" is exactly what a fiat currency is supposed to do. But is that what we are doing with our currency today?
Now for the rest of the story.
The government needs to get in on the creation of its own money. Currently, 100% of our nation's currency is created by and owed to the banks. 100%. Again, that is perfectly reasonable to the banks, but should that be perfectly reasonable to the rest of us? The government should be making their payments with their own issue, the only need for taxation is to keep society from being controlled by the super rich... anathema to a democracy (always was and always will be).
Your minds have been thoroughly brain washed with the teachings of the super rich. Social Education in America amounts to a single lesson: how to be good slaves for the money masters. Lesson #1... viciously attack anyone who says you have a right to freedom, because freedom only comes from owning wealth, and you are a slave, you have no right to wealth/freedom. And I must say; this board is chock full of good slaves, Uncle Tom would be proud of all of you.
That's just taxes. That's easy. The bigger problem is currency exchange with other nations. International trade used to be with real money, as it should be. Gold or silver has the same value the world over. But these fiat currencies are terribly uneven species, and the trade that takes place on uneven balances is going to be crooked as all hell; always was and always will be. I would like to build something in America and sell it to the world... including in China. Do you know what a joke that is? Do you know how utterly ludicrous it is to think that you could build something - anything - in America and sell it to someone in China? Fixing the currency exchange is much harder because fiat currencies are synthetic money; there is no natural balance that can be sought, and the only way to achieve that would be destructive to both the nations involved. So maybe international trade needs to return to real money? I dunno, because the trading partners in such cases is currently limited to the super rich. Even if you fix the taxes, and start printing money with the nations, the world will remain messed up for a couple of centuries; it will take a long time to balance out the wealth. That's another Lie that the slaves are fed; there are no super rich... uhm, not only do they exist, they own ALL the wealth. Way more than those numbers they print in Forbes magazine; who do you think owns the media? If the super rich don't want you to know they exist, are they going to let their media tell you they exist? Even a total slave should be able to figure that one out.
Well, that's what should be happening with our money, if we really had a government of the people, by the people, and for the people. Which we don't. Not only have you all been reduced to slaves, whichever idiot amongst you dares to ask for more will be immediately tossed in the streets...
[video=youtube;M4CVZnGJIzQ]https://www.youtube.com/watch?v=M4CVZnGJIzQ[/video]
Those of you who know me know that I use the term "currency" for all the money in circulation, no matter what form it is circulating in.
Okay, so here's the top post: I think tax reform is a reasonable thing to do and that a reasonable rate for today's distribution should hold rates to nothing for up to $100,000 and then begin to slowly rise to 5% for incomes up to $250,000 and then continue to slowly climb to 10% for incomes up to $400,000 and progress on that curve until it hits 90%. Hence, a person making over $2.5 million per year can expect his income over the $2.5 million mark to be taxed @ 90%.
The whole point of taxation and a fiat currency is to achieve reasonable distribution. But the question arises; what is reasonable? The rich would have us believe that reasonable is the present distribution where they own everything and the bottom 50% of society is getting tossed in the streets. That makes perfect sense to them but why should it make perfect sense to the rest of us? "Spreading the wealth around" is exactly what a fiat currency is supposed to do. But is that what we are doing with our currency today?
Now for the rest of the story.
The government needs to get in on the creation of its own money. Currently, 100% of our nation's currency is created by and owed to the banks. 100%. Again, that is perfectly reasonable to the banks, but should that be perfectly reasonable to the rest of us? The government should be making their payments with their own issue, the only need for taxation is to keep society from being controlled by the super rich... anathema to a democracy (always was and always will be).
Your minds have been thoroughly brain washed with the teachings of the super rich. Social Education in America amounts to a single lesson: how to be good slaves for the money masters. Lesson #1... viciously attack anyone who says you have a right to freedom, because freedom only comes from owning wealth, and you are a slave, you have no right to wealth/freedom. And I must say; this board is chock full of good slaves, Uncle Tom would be proud of all of you.
That's just taxes. That's easy. The bigger problem is currency exchange with other nations. International trade used to be with real money, as it should be. Gold or silver has the same value the world over. But these fiat currencies are terribly uneven species, and the trade that takes place on uneven balances is going to be crooked as all hell; always was and always will be. I would like to build something in America and sell it to the world... including in China. Do you know what a joke that is? Do you know how utterly ludicrous it is to think that you could build something - anything - in America and sell it to someone in China? Fixing the currency exchange is much harder because fiat currencies are synthetic money; there is no natural balance that can be sought, and the only way to achieve that would be destructive to both the nations involved. So maybe international trade needs to return to real money? I dunno, because the trading partners in such cases is currently limited to the super rich. Even if you fix the taxes, and start printing money with the nations, the world will remain messed up for a couple of centuries; it will take a long time to balance out the wealth. That's another Lie that the slaves are fed; there are no super rich... uhm, not only do they exist, they own ALL the wealth. Way more than those numbers they print in Forbes magazine; who do you think owns the media? If the super rich don't want you to know they exist, are they going to let their media tell you they exist? Even a total slave should be able to figure that one out.
Well, that's what should be happening with our money, if we really had a government of the people, by the people, and for the people. Which we don't. Not only have you all been reduced to slaves, whichever idiot amongst you dares to ask for more will be immediately tossed in the streets...
[video=youtube;M4CVZnGJIzQ]https://www.youtube.com/watch?v=M4CVZnGJIzQ[/video]