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Wednesday, June 16, 2010
Obama is Same as Bush on Civil Rights
Saturday, June 5, 2010
Keynes Quote
Most politicians, bankers and wall street operatives are promoting a typical Keynesian approach to try to solve our economic disaster.
John Maynard Keynes, the British economist is the architect of our present economic system in America and around the World
In Keynes' 1920 book, "The Economic Consequences of the Peace", he states, " by a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of its citizens. There is no surer nor more subtle way to overturn the existing basis of society, than to debauch or destroy the currency. It engages all the processes of economic law that comes down on the side of destruction and does it in a manner that not one in a million can diagnose".
John Maynard Keynes, the British economist is the architect of our present economic system in America and around the World
In Keynes' 1920 book, "The Economic Consequences of the Peace", he states, " by a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of its citizens. There is no surer nor more subtle way to overturn the existing basis of society, than to debauch or destroy the currency. It engages all the processes of economic law that comes down on the side of destruction and does it in a manner that not one in a million can diagnose".
JP Morgan Paid $1.9 Billion For Washington Mutual And Now It Wants A $1.4 Billion Tax Refund
JP Morgan Paid $1.9 Billion For Washington Mutual And Now It Wants A $1.4 Billion Tax Refund
How's that bailout looking? Net positive for the economy? Here's a thought to keep in mind. Corporations don't pay taxes. Not like you and I anyway. Sure they bitch about it, and Neocon Republicans complain about double taxation, but it's a false argument. Corporations pay taxes on earnings, not income (revenues). We pay taxes on income. How nice would it be if we paid taxes on our "net." So, start with your salary, take out mortgage, credit card bills, house bills, 401k deposits, etc... then pay taxes on what's left. That wouldn't be too bad, would it?
How's that bailout looking? Net positive for the economy? Here's a thought to keep in mind. Corporations don't pay taxes. Not like you and I anyway. Sure they bitch about it, and Neocon Republicans complain about double taxation, but it's a false argument. Corporations pay taxes on earnings, not income (revenues). We pay taxes on income. How nice would it be if we paid taxes on our "net." So, start with your salary, take out mortgage, credit card bills, house bills, 401k deposits, etc... then pay taxes on what's left. That wouldn't be too bad, would it?
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