Greenspan says raise taxes or die

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  • Fri, Oct 02, 2009 - 03:39pm

    #1
    presidentbyamendment

    presidentbyamendment

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    Greenspan says raise taxes or die

Greenspan says raise taxes or die. washington examiner, pg. 22,
(washingtonexaminer.com)

“The presumption that we’re going to solve this without significant
increases in taxes is unrealistic.”  This is calling Obama’s 4% increase
in the marginal rate insignificant and delusional. For a realistic and significant proposal see

presidentbyamendment.com/issues/taxes.html

  • Fri, Oct 02, 2009 - 04:49pm

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Greenspan says raise taxes or die

So the top income tax rate would be 75%.  I think I will pass.

  • Fri, Oct 02, 2009 - 06:30pm

    #3
    Peak Prosperity Admin

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    Re: Greenspan says raise taxes or die

Hey Greenspan, why don’t we eliminate the Fed instead which would enable us to end income tax altogether!

Larry

  • Sat, Oct 03, 2009 - 12:16am

    #4
    Peak Prosperity Admin

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    Re: Greenspan says raise taxes or die

Thanks for reading my proposal. The top rate will be 75% until the debt falls significantly.

You’ll pass? Good luck with that.

 

RH

  • Sat, Oct 03, 2009 - 12:20am

    #5
    Peak Prosperity Admin

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    Re: Greenspan says raise taxes or die

I wouldn’t end the Fed, but I’d eliminate its ability to print itself money.

New fiat money can go on the Treasury’s books just as easily.

I don’t think that’s actually in my platform at presidentbyamendment.com/issues/platform.html.

I DID have a clause in my Amendment  to disallow expanding the base money supply

without an act of Congress, but I took it out, because you don’t have much choice when

T-bills don’t sell.

 

RH

 

 

  • Sat, Oct 03, 2009 - 02:42am

    #6
    Peak Prosperity Admin

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    Re: Greenspan says raise taxes or die

Thanks for reading my proposal. The top rate will be 75% until the debt falls significantly.

You’ll pass? Good luck with that.

I was not commenting about yout overall proposal.   Only your FRIT tax sounds to me like insanity and an absolute economic killer.  I get very tired of simplistic tax the rich ideas.  How can 75% of anyones income be a justifiable rate?  So I get to keep the fruits of my labor until April 1st and then I am effectivly an indetured servant to the state for the last 9 months of the year to pay off my tax obligations.

Growing up I was lead to believe that I live in a free country but I must be mistaken because it sounds like I am a merely a surf living on my lords (the governments) land owing him a 75% tribute under threat of violence.

Like I said, I will pass.

  • Sat, Oct 03, 2009 - 03:26am

    #7
    Peak Prosperity Admin

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    Re: Greenspan says raise taxes or die

 presidentbyamendment wrote:

I wouldn’t end the Fed, but I’d eliminate its ability to print itself money.

Please tell me why we should continue to borrow money from private banks when they don’t back up a penny?  When they lend us money they do so with no cost, no backing, they add nothing – we can create the money by ourselves for free.

You say you want to keep the Fed….why?

  • Sun, Oct 04, 2009 - 11:18pm

    #8
    Peak Prosperity Admin

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    Re: Greenspan says raise taxes or die

I said if we need to create money ourselves I support doing so for free. Put it on treasury’s books.

So then, why not keep the Fed?

RH

  • Mon, Oct 05, 2009 - 01:50am

    #9
    Peak Prosperity Admin

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    Re: Greenspan says raise taxes or die

I go into more detail about this in the “A bank is a license to print liquidity, not capital”

thread I’m posting in a few seconds.

 

RH

  • Mon, Oct 05, 2009 - 01:17pm

    #10
    Peak Prosperity Admin

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    Re: Greenspan says raise taxes or die

Another post of mine was removed by the moderator for language not appropriate to this group.

I find that very reasonable, but my disdain for Mr. “I’ll pass” remains. The way things are going,

it won’t be a matter of being tired of “simplistic tax-the-rich proposals”. It will be a matter of picking

which one, and my apparently affluent correspondant’s attitude is perfectly reflective of why.

 

RH

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