tag:blogger.com,1999:blog-1207581886255094115.post5899132252284293396..comments2024-02-26T05:51:17.859-05:00Comments on Economic Disconnect: Treasury Throws in the TowelEconomicDisconnecthttp://www.blogger.com/profile/02802078645713106743noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1207581886255094115.post-21702293338837158942008-11-19T20:58:00.000-05:002008-11-19T20:58:00.000-05:00G"Protect your wealth."Sorry you can't. The goverm...G<BR/><BR/>"Protect your wealth."<BR/><BR/>Sorry you can't. The goverment is going to take it if they need it no matter where you try and hide it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-74031336124354031592008-11-19T15:04:00.000-05:002008-11-19T15:04:00.000-05:00Kevin,I like your last idea:"The alternative I gue...Kevin,<BR/><BR/>I like your last idea:<BR/><BR/>"The alternative I guess we can sit and watch the whole thing come down like a ton of crap."<BR/><BR/>Protect your wealth.<BR/>Protect your family.<BR/>Protect your rights that are still purchasable under current laws.<BR/>May I see a show of hands from the people that think this will all end in happy lala land? Now may I see a show of hands from the people that agree with the above quote?<BR/><BR/>GAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-67763554639878252832008-11-18T21:16:00.000-05:002008-11-18T21:16:00.000-05:00GYSCThere was probably a way they could have fixed...GYSC<BR/><BR/>There was probably a way they could have fixed this mess.<BR/><BR/> Give everyone in the US over the age 18 that makes less then 250k a year a flat million dollars. Now here are the strings.<BR/>I. the money must be used for the following only.<BR/>Must be used to pay off all debt that existed prior to say 1/1/08<BR/>This would include automobile loans, home loans, HELOC loans, credit card debt, student loans. medical debt.<BR/>2. That balance must be used for the following only.<BR/>Purchase of long term care insurance, 250k term life insurance, implement some type of health care insurance, 4 years collage tuition, US treasuries, mortgage backed bonds, corporate bonds of US companies<BR/>3. SS and Medicare would be eliminated in 120 days<BR/>4. a 10% national sales tax would be implemented on all but food purchase.<BR/>5. personal income taxes would be raised 15%<BR/>6 corporate taxes would be raised 10%<BR/>6. All US multinational corporations with over 60% of their employees or operations outside the US would be taxed and additional 10%.<BR/>6. Any money that was not used by the individual to pay down debt, buy health, life insurance or fund a tuition would be entitled to the interest payments at age 65 until death on investment income, at death bonds would be sold and proceeds returned to the government.<BR/><BR/>Now sure there would be some that make out better then others but look at it this way, the poor have health insurance and a can go free ride to college, food is not taxed but every other item is, the elderly have long term health insurance and an increased income, those in debt get bailed out which is the back flush to clean the arteries of years of trickle down. The prudent are going to get a nice reward at retirement and the imprudent less, the young get a college degree, corporations get funding, an educated work force, elimination of health care and pension plans, and the banks get a ton of bad debt paid off. A billion is a million million, there are 300 million or so Americans so say they dumped billion or less then what they have spent so far.<BR/><BR/>The alternative I guess we can sit and watch the whole thing come down like a ton of crap.<BR/><BR/>KevinAnonymousnoreply@blogger.com