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Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?

 
Anonymous Coward
User ID: 1290427
United Kingdom
11/29/2012 11:30 AM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
From a buddy of mine on another forum who owns his own business:

If you raise my taxes, aside from the damage above, I'll tell you what the first things are that happen here at home.

#1 I fire my landscaper. I can cut the grass myself, but he can't have my money. Who loses? The landscaper. Not me.

#2 I fire the ChemLawn folks. Green grass doesn't mean that much to me. Oops, Chemlawn fired some people. Who loses? The guy with the high school diploma they were paying to spray my lawn. Not me.

#3 I drop all my unnecessary "entertainment" expenses. No more DirecTV bill, no more eating out. Damn, waitresses lost tips. A cook lost his job. DirecTV fired some support people, they don't need them anymore.

You getting the point yet? Your "fuck the rich people" and "fuck big business" attitude hasn't fucked anyone but the "little people" you seem so keen to defend.

You fuck with the people who generate the wealth and people lose jobs. Yea, I work a little harder, but I keep my wealth. The people who run "big business", they do the same. Your plan fucks the very people you want to defend.

That's how the real world works. My earnings don't exist for your benefit. They exist for mine. You try to take them from me, I'll do everything I can to keep them. Make it impossible for me to keep them, and I'll stop earning them.

What you, and many people like you miss, is that you can't force me to think. You can force me to work (at the point of a gun) but physical labor doesn't generate wealth or jobs. Force me to work and I'm just like my landscaper, getting paid for physical labor. The only thing you accomplish on your road is the destruction of wealth. That's the way it works.
 Quoting: SC


Keep dreaming if you think raising taxes on the rich and redistributing via government mandate will help the lower-middle class.
 Quoting: -GooGooFlexy-


Some good points raised but they are not relevant they would only be relevant if capitalism was staying and wasn't going to be replaced by socialism.
In a few decades capitalism, money, stock markets, all these things will no longer exist. UN Nations will own everything not corporations or private individuals.
I suggest you start spending enjoying your wealth before it is confiscated.
Anonymous Coward
User ID: 22243884
Malta
11/29/2012 11:32 AM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
The only way to be fair....flat tax, same for everyone.

Not a huge fan of Ayn Rand but Atlas Shrugged is valid in many points. Those that create jobs no longer have the motivation to do so.
hf
 Quoting: stillhere


Hong Kong, Russia and many of the countries which recovered the fastest from 2008 all have a flat or flatter tax rate

Americans are unique, in that they cannot simply move out of the country to escape taxes, as they will be taxed at the full rate wherever they move to in the world

However, I tell you from personal experience, that the no-tax states such as Florida and Texas will benefit from DC's tax grabs

It isn't the only reason to move to Texas, but it sure makes relocation an easy sell to any small business owner or those earning over 250K

anyone who says people won't move because of higher taxes is delusional or doesn't make enough to understand
 Quoting: IssueX


texas is great. just watch out for all the inbred hillbillies. you can spot them a mile away and they all look alike.
Anonymous Coward
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11/29/2012 11:33 AM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
you mean two third of jews and arabs put there businesses off shore .... fucking ganits
Anonymous Coward
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11/29/2012 11:34 AM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
this is the exact cycle that moas great leap forward was trying tring to avoid

the bougeoisie/badyboomers

back to prison colony
Anonymous Coward
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11/29/2012 11:36 AM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
Thats the plan, raise taxes everywhere, so the rich elites have an excuse to make there own "safe haven" while we get destroyed. Or leave the planet.
Anonymous Coward
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11/29/2012 11:36 AM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
hate to break it to ya but those castle walls are to keep the poor slaves out
Anonymous Coward
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11/29/2012 11:37 AM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
From a buddy of mine on another forum who owns his own business:

If you raise my taxes, aside from the damage above, I'll tell you what the first things are that happen here at home.

#1 I fire my landscaper. I can cut the grass myself, but he can't have my money. Who loses? The landscaper. Not me.

#2 I fire the ChemLawn folks. Green grass doesn't mean that much to me. Oops, Chemlawn fired some people. Who loses? The guy with the high school diploma they were paying to spray my lawn. Not me.

#3 I drop all my unnecessary "entertainment" expenses. No more DirecTV bill, no more eating out. Damn, waitresses lost tips. A cook lost his job. DirecTV fired some support people, they don't need them anymore.

You getting the point yet? Your "fuck the rich people" and "fuck big business" attitude hasn't fucked anyone but the "little people" you seem so keen to defend.

You fuck with the people who generate the wealth and people lose jobs. Yea, I work a little harder, but I keep my wealth. The people who run "big business", they do the same. Your plan fucks the very people you want to defend.

That's how the real world works. My earnings don't exist for your benefit. They exist for mine. You try to take them from me, I'll do everything I can to keep them. Make it impossible for me to keep them, and I'll stop earning them.

What you, and many people like you miss, is that you can't force me to think. You can force me to work (at the point of a gun) but physical labor doesn't generate wealth or jobs. Force me to work and I'm just like my landscaper, getting paid for physical labor. The only thing you accomplish on your road is the destruction of wealth. That's the way it works.
 Quoting: SC


Keep dreaming if you think raising taxes on the rich and redistributing via government mandate will help the lower-middle class.
 Quoting: -GooGooFlexy-


Again, since my post earlier was ignored...

How the Hell did they do it with the 50% tax rate? taxes are the lowest in 100 years (for the very Rich) and Companies made lots of Millionaires under 50% tax...

You friend probably is a small buisness Owner and that is NOT who we/I am talking about. If he makes over a Million a year and cancels his TV over a tax rate- I lol.

-Anyhow, I GTG- Time for Work (and to pay my taxes LOLz)
 Quoting: Goodmen 16778386


The bold statement is an outright lie.

Taxes were lower in the late 80s up until 91/92 than they are today.


Do tell how high taxes are going to send the economy booming to the moon... I am apparently too stupid to figure it out...
 Quoting: Anonymous Coward 16151153



The french revolution was not conducted by rich people , so no,the people getting fucked are the sort that will put your friends head on a stick.
Fun-Da-Mental

User ID: 4433985
Netherlands
11/29/2012 11:38 AM

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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
So the rich decide how it's going down, right?
And that's ok?

They are 'strategically thinking'?

IMO, anybody with over 10 million ought to be shot on sight, and that's just my opinion, not a threat.
 Quoting: Fun-Da-Mental


Well you and your opinion are stupid as fuck.


Marxist asshole.
 Quoting: Anonymous Coward 16151153


To me, life is about life and not only about money.
 Quoting: Fun-Da-Mental


To you, life is a complete mystery which leaves you confused and embittered, and probably borderline-violent. You are hostile toward anyone who isn't as confused and crazy as you are, and you wish them harm. You are a moral vacuum and waste of time.

hf
 Quoting: Carshy McCarsh


well thank you, little miss sunshinetounge

If someone gets to the point where they have 10 million in the bank, isn't that enough?
Isn't there some moral voice saying you got enough and leave some for others?
Like that Carlos Slim guy, worth 70 billion, stolen from the blue collar workers, it's sickening.
So, ok, not shot, but at least stopped!
10 million is enough, wanna argue that?
Anonymous Coward
User ID: 25028055
United States
11/29/2012 11:39 AM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
So the rich decide how it's going down, right?
And that's ok?

They are 'strategically thinking'?

IMO, anybody with over 10 million ought to be shot on sight, and that's just my opinion, not a threat.
 Quoting: Fun-Da-Mental


Agreed


And to the fool that said the rich create jobs.

Thats is crap as well, DEMAND creates jobs. People are going broke in this country by the millions. and cannot buy things anymore.

Hence, lack of an economy. And it is directly the fault of the " rich" who create nothing and suck all the money out of the system.
Ralph--a house dog

User ID: 25802009
United States
11/29/2012 11:39 AM

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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
In a 2008 debate, Charlie Gibson asked Barack Obama about his support for raising capital gains taxes, given the historical record of government losing net revenue as a result. Obama persevered: “Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.”

A most revealing window into our president’s political core: To impose a tax that actually impoverishes our communal bank account (the U.S. Treasury) is ridiculous. It is nothing but punitive. It benefits no one — not the rich, not the poor, not the government. For Obama, however, it brings fairness, which is priceless.


[link to www.washingtonpost.com]
 Quoting: Philligan



Makes perfect sense when you consider that Communist Obama's ultimate goal is to destroy the US economy and force us into the New World Order's one world government.

Idiots who voted for him mistakenly believe that they and other Americans would profit from a "fair redistribution of wealth" or at worst, they wouldn't have to give up very much. They are badly mistaken.
 Quoting: Ralph--a house dog

Okay, off topic but I must ask (because I actually concur with what you are saying...) Did you honestly think Romney would have done different? Do you think Bush WASNT a "socialist" (in sheeps clothing)

-See, I agree. I threw my vote at the Libertarian ticket (I am a pseudo Libertarian who hates many of their ideals but likes most)but to blame this on Obama and the dems (when this is a two sided coin) and play the "You people are idiots for voting for Obama over Romney" is IMHO incorrect.

Anyone who voted for either (or Bush, or Clinton, or Reagan)was mistaken and fooled.
 Quoting: Goodmen 16778386




Hey, I've still got my "IMPEACH BUSH" t-shirt! (which didn't mean I liked Al Gore any better and certainly didn't vote for him) I felt betrayed by Bush in that he was far worse than expected. Everyone in that whole Bush mob is a proponent of a totalitarian government. Why that
was even a little bit of a surprise to me I don't know.

Romney was a disastrous GOP choice but would have slowed down our country's descent into hell only because he would have owed some lip service to the conservative wing of his party, for a while anyway.

Had hoped that would give pro Constitution GOP members time to take action and/or a viable 3rd party to grow.

Obama is Bush on steroids and a would-be dictator; even Putin calls him a Communist. His socialist/communist philosophy was evident for all to see in his past and present associates and writings.

I actually belonged to the Libertarian Party for a short while until I realized they were serious about their 'open borders' crap. I invited the local chairman over to my place where more than 15 wetback cockroaches had moved in next door and were running a chop shop, dealing drugs, throwing garbage in the yard and playing that fking music all day and night. Gave him back my Libertarian Party membership card.

Sorry my whole post sounds like such a downer; guess I'm just not in a very hopeful mood today.
"Who decides?"
---Robert A. Heinlein

[link to www.westcoasttruth.com]

"Do Not Go Gentle into that Good Night.....Rage, rage against the dying of the light"
----Dylan Thomas
Anonymous Coward
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11/29/2012 11:39 AM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
Greedy Brits
Fun-Da-Mental

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Netherlands
11/29/2012 11:43 AM

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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
So the rich decide how it's going down, right?
And that's ok?

They are 'strategically thinking'?

IMO, anybody with over 10 million ought to be shot on sight, and that's just my opinion, not a threat.
 Quoting: Fun-Da-Mental


Agreed


And to the fool that said the rich create jobs.

Thats is crap as well, DEMAND creates jobs. People are going broke in this country by the millions. and cannot buy things anymore.

Hence, lack of an economy. And it is directly the fault of the " rich" who create nothing and suck all the money out of the system.
 Quoting: Anonymous Coward 25028055


hf
Fun-Da-Mental

User ID: 4433985
Netherlands
11/29/2012 11:45 AM

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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
...


Well you and your opinion are stupid as fuck.


Marxist asshole.
 Quoting: Anonymous Coward 16151153


To me, life is about life and not only about money.
 Quoting: Fun-Da-Mental


To you, life is a complete mystery which leaves you confused and embittered, and probably borderline-violent. You are hostile toward anyone who isn't as confused and crazy as you are, and you wish them harm. You are a moral vacuum and waste of time.

hf
 Quoting: Carshy McCarsh


well thank you, little miss sunshinetounge

If someone gets to the point where they have 10 million in the bank, isn't that enough?
Isn't there some moral voice saying you got enough and leave some for others?
Like that Carlos Slim guy, worth 70 billion, stolen from the blue collar workers, it's sickening.
So, ok, not shot, but at least stopped!
10 million is enough, wanna argue that?
 Quoting: Fun-Da-Mental


and to add: "It is not a sign of good mental health to be adjusted to a totally sick society"

so you keep banging the rothchild-drums, cos those are the ones you are sticking up for.

We need a revolution, and you know it, but hey, keep defending a morally corrupt system and be adjusted.
Fun-Da-Mental

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11/29/2012 11:57 AM

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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
So the rich decide how it's going down, right?
And that's ok?

They are 'strategically thinking'?

IMO, anybody with over 10 million ought to be shot on sight, and that's just my opinion, not a threat.
 Quoting: Fun-Da-Mental


Well you and your opinion are stupid as fuck.


Marxist asshole.
 Quoting: Anonymous Coward 16151153


To me, life is about life and not only about money.
well, I guess you need this system, enjoy!
Go suck Rothchilds dingy and get fucked up the ass by the Morgans..
 Quoting: Fun-Da-Mental


I never said life was solely about money, but to assume that because one possesses $10 million they should be shot is totally asinine and immature.

Judge a man not by his possessions, but by his character and actions.

Thank you.
 Quoting: Anonymous Coward 16151153


yeah, I changed that, but you gotta admit that ten million is enough, right? It is one of the biggest cancers this whirld suffers from, GREED.
People are struggling to make ends meet, but the rich get richer every year, and over the back of those they are not willing to pay a good wage, no, they suffocate the blue collar into compliance.
And everybody is consumed with the bling, like nothing else matters.

This system needs euthanasia.


See my posts above.
Saddletramp
We Don't Rent Pigs...

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11/29/2012 12:00 PM

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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
In the United States gold and silver are no longer considered currencies, they are considered "Collectables" by the IRS...so you can put your money into Gold or Silver while in the U.S., ship it to a vault in whatever country you wish to take it too, then cash it in once you get there and avoid the 30% capital control tax coming into effect on Jan 1, 2013 altogether...

Fuck them and their fiat currency!!!

Last Edited by Saddletramp on 11/29/2012 12:02 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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Germany
11/29/2012 12:03 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
The money left, not the millionaires.
Anonymous Coward
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11/29/2012 12:04 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
If I made enough money to get out of this shithole country I'd be gone tomorrow.

So yeah, I'd imagine the top earners here will be buying new homes where they aren't persecuted for being wealthy.
Anonymous Coward
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11/29/2012 12:06 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
If I was in Britain, I would be very happy about the wealthy, self-serving pricks leaving. It opens the doors to many other people. This is not going to hurt the British economy, give it a year and I will pull up this thread one more time.

popcorn
Anonymous Coward
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11/29/2012 12:12 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
Jesus, let them leave. If they go, they stop getting government subsidies (funded by -us-), bailouts for their mistakes (funded by -us-), special favors and no-bid contracts thanks to our lobbied politicians (funded by -us-). If high tax rates drive these shameless parasites out of our country, then we are saving a hell of a lot more money than we'll lose.

Besides, you won't convince me these shits are even paying taxes. Look at Romney's 13% tax rate. How much does he make compared to he rest of us? My tax rate is a hell of a lot higher than that.

Let them go and lock the damn door behind them.
Anonymous Coward
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11/29/2012 12:18 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
As we've pointed out till we're blue in the typeface, there can be no genuine economic "recovery" in America until we either a) onshore manufacturing or b) impose suitable taxes to recapture the labor rate differential between third-world crapholes and the wages paid in the US of A, which is the reason the jobs left in the first place.
 Quoting: Anonymous Coward 22243884


So, what are you doing in Malta? Checking your offshore investments?
Anonymous Coward
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11/29/2012 12:26 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
In a 2008 debate, Charlie Gibson asked Barack Obama about his support for raising capital gains taxes, given the historical record of government losing net revenue as a result. Obama persevered: “Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.”

A most revealing window into our president’s political core: To impose a tax that actually impoverishes our communal bank account (the U.S. Treasury) is ridiculous. It is nothing but punitive. It benefits no one — not the rich, not the poor, not the government. For Obama, however, it brings fairness, which is priceless.


[link to www.washingtonpost.com]
 Quoting: Philligan


Fairness is letting everyone in the US take $4,000,000 vacations........oh wait, it doesn't apply to him.
Mickeyblue
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11/29/2012 12:28 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
People across the entire socio economic spectrum have been leaving the UK by the droves.
Anonymous Coward
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11/29/2012 12:48 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
People across the entire socio economic spectrum have been leaving the UK by the droves.
 Quoting: Mickeyblue 9806228


yep. we are exporting the brains and importing brains (or not) to replace them


MOAR TAX AND MAKE THEM COUGH UP THEIR FAIR SHARE BEFORE THEY ARE PERMITTED TO LEAVE AND SHOOT ANYONE WITH TOO MUCH MONEY, AND WHILE WERE AT IT LETS GIVE HIS JOB TO SEVERAL PEOPLE

you could make this shit up and some of you spout this shit and actually believe it


fucking hell there are some genuinely scary people about


bitter, envious, probably-certifiably bonkers. really, i would NOT wish to get on the wrong side of you


and i am NOT defending 'the rich', but you KNOW that not all of them are greedy and evil thieves. the mega-rich who 'want' to PAY MOAR TAXES and think everyone should happily hand over tax at every opportunity and for every transaction thought up by govt, are nothing more than guilty (ie socialist) rich

"i feel guilty and so should you, so PAY MOAR TAXES"

neverfuckingmind that most of it is fucking wasted!


no, whats 'fair' is when everyone pays a flat rate, and that should taxes become punitive, then you are free to go unhindered

ya know, freedom?

its a demonstrated fact that you tax more tax if levels are set at a 'sensible' rate. high taxes purely to punish the rich do nothing but, no, you have a point to make, a 'wrong' to right, a nose to cut off in spite
Anonymous Coward
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Argentina
11/29/2012 01:14 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
In the United States gold and silver are no longer considered currencies, they are considered "Collectables" by the IRS...so you can put your money into Gold or Silver while in the U.S., ship it to a vault in whatever country you wish to take it too, then cash it in once you get there and avoid the 30% capital control tax coming into effect on Jan 1, 2013 altogether...

Fuck them and their fiat currency!!!
 Quoting: Saddletramp


If you know what you're doing, you can get physical gold and silver out of the country quite easily. You don't even have to declare them. At least that's what a little birdie told me.

stoner
Anonymous Coward
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11/29/2012 01:40 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
I guess it proves the point that the rich are also greedy
Anonymous Coward
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11/29/2012 01:40 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
As we've pointed out till we're blue in the typeface, there can be no genuine economic "recovery" in America until we either a) onshore manufacturing or b) impose suitable taxes to recapture the labor rate differential between third-world crapholes and the wages paid in the US of A, which is the reason the jobs left in the first place.
 Quoting: Anonymous Coward 22243884


So, what are you doing in Malta? Checking your offshore investments?
 Quoting: Anonymous Coward 25342985


i never know where i'm at until i see the little flag thing on the post. was in malta, won't know where i am now until i press the post button. ;)
Anonymous Coward
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11/29/2012 01:43 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
If I was in Britain, I would be very happy about the wealthy, self-serving pricks leaving. It opens the doors to many other people. This is not going to hurt the British economy, give it a year and I will pull up this thread one more time.

popcorn
 Quoting: Anonymous Coward 1085335


Not terribly bright are you?
Anonymous Coward
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11/29/2012 01:53 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
As we've pointed out till we're blue in the typeface, there can be no genuine economic "recovery" in America until we either a) onshore manufacturing or b) impose suitable taxes to recapture the labor rate differential between third-world crapholes and the wages paid in the US of A, which is the reason the jobs left in the first place.



The ecoinomic (sic) fact of life is that foreign manufacturing ONLY makes sense if cheap humans elsewhere will do the same work as here for pennies on the dollar. That spread has to be enough to cover the cost of remote manufacturing and transport costs and open up some offshore tax loopholes...which it mostly does.



When the spread gets wide enough (and it still is) then corporate phatcats, the vulture capitalists, and the banksters conspire to move manufacturing elsewhere so they can pocket the spread. Pretty simple stuff from pretty slippery people.



The only question is how long the American people will put up with it? The K-Street mafia hands out millions in favors and made-up "grassroots" support in return for a hands-off imported goods policy.



Although the bankster-shills have been saying it for decades, taxing offshore goods to remove offshore preference from the manufacturing equation is the simplest possible way for America to resolve the financial cliff.



Only the greed and payoffs-in-kind to the political hacks keep it from happening.



Oh, and did I mention the thick-headedness of us 'Merican bankster chattel?

---

So where does the stock market rally fit into all this? The answer is simple: A lot of companies are making money, hand over fist, and as long as the public doesn't catch on, the rally may continue. Might even get to new highs up around Dow 16,000.



But company shares don't go up based on whether they are creating jobs in America. They don't go up because companies are doing good things for people in communities where they are based (unless you're in Mumbai, perhaps). Nor do they go up because the company is so profitable that it's able to help shoulder the some of the income problems faced by America.



No, no, a thousand times NO! The sole reason stocks go up is more buyers than sellers and when you look at how much corporations pay compared to people it'll make you want to puke.



In the US Treasury quarter report (you can find here, see Table 3, I can't make this shit up) you'll see that for the current Fiscal year to date, individual income taxes were $102.039 billion while corporate taxes were only $1.619 billion. And while that's not much, the budget this year is for $1.292 trillion of individual taxes versus a lousy $0.294 trillion of corporate tax revenue.



The THEORY of why corporate tax rates were low? Oh, investment and job creation. WTF happened to their side of the bargain? Where's the jobs? Frikkin' India...China...Singapore...Japan...



Know what EBH means? EVERYWHERE BUT HERE. Give money to Egypt? Why, sure! $1.6 billion hold you for a while?



The answer to our national condition has something to do with "out back" and "Astroglide" but the buffoons on the Hill can't seem to get this right. Why should they? It'd cost 'em campaign money and by God, we can't have that, can we?



So, the Fiscal Cliff has a simple solution: Tax the living crap out of goods made offshore to take the sweetness out of the labor spread deal - phase it in over five-years. You'd see huge investment in America...more jobs than you could shake a stick at, and oh....might even balance the budget and slow the bleeding of money in the form of bonds which we sell to China, which they then flip on us and use to fund the acquisition of property and businesses in America. FMTT.



Yeah...forget I suggested this...it's just too damn simple, patriotic, and workable.



Oh, and don't mind the dead Canary formerly known as Detroit. Let's rename Wayne County, Detroit County and no one will notice...and as a bonus, we'll soon have our first welfare city-state.



This morning? Look for the market to continue its rally - think of it as a celebration of American stupidity. And instead, well get...what's the other option? Repeat after me...



Tax Hikes Coming

As the fiscal cliff approaches, there are reports - like this one - than some of the republicorps might be willing to increase taxes - in order to avoid mandatory spending cuts/sequestration.

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Related - and a worthwhile read - the Shreveport Times comment "Killing Social Security, with a smile" piece.

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My greatest worry is that "means testing" of Social Security will become a clusterf**k just as it has in student loans. In other words, if means testing includes looking at savings and assets of less than $1-million, then it's just a screw-job on the working class. But, gee, wouldn't that be a surprise, huh?



All they'd need to do is toss real estate equity into the means test and we might joint reader Bruce down in Ecuador...seriously!



We've turned into a nation of ankle-grabbers who've lost our ability to see through the smoke being blow up our butts by political hacks feathering their own nests and not looking out for the common good.



The only reason we haven't "gone Greece" is the armed forces.
 Quoting: Anonymous Coward 22243884


Say...that's purdy good stuff you're printing. Ever think of running for Congress? Bright and common sense minds are in short supply in Washington. How 'bout running for President? I know you're a Maltese citizen. You'll probably say you can't because you are not a U.S. citizen. But that didn't stop Obama. He's President even though he was born in Kenya.
Anonymous Coward
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11/29/2012 01:55 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
Don't try to confuse liberals with facts or logic. "Truth" is what liberals want it to be.
Carshy McCarsh

User ID: 1531528
Germany
11/29/2012 09:01 PM
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Re: Two-thirds of millionaires left Britain to avoid 50p tax rate, Will the US learn from this trend?
...


To me, life is about life and not only about money.
 Quoting: Fun-Da-Mental


To you, life is a complete mystery which leaves you confused and embittered, and probably borderline-violent. You are hostile toward anyone who isn't as confused and crazy as you are, and you wish them harm. You are a moral vacuum and waste of time.

hf
 Quoting: Carshy McCarsh


well thank you, little miss sunshinetounge

If someone gets to the point where they have 10 million in the bank, isn't that enough?
Isn't there some moral voice saying you got enough and leave some for others?
Like that Carlos Slim guy, worth 70 billion, stolen from the blue collar workers, it's sickening.
So, ok, not shot, but at least stopped!
10 million is enough, wanna argue that?
 Quoting: Fun-Da-Mental


and to add: "It is not a sign of good mental health to be adjusted to a totally sick society"

so you keep banging the rothchild-drums, cos those are the ones you are sticking up for.

We need a revolution, and you know it, but hey, keep defending a morally corrupt system and be adjusted.
 Quoting: Fun-Da-Mental


Patience is a skill of the informed, I should not expect it from you.

You are poor, angry, and dangerous. And contrary to your silly worldview, those symptoms are, actually, your fault.

Hurt yourself, fatally, before you hurt someone better than yourself.

1rof1
Tell me what this tastes like...