Started by Adrian B Early. Last reply by Adrian B Early Sep 2, 2013. 3 Replies 0 Likes
Started by Adrian B Early. Last reply by Adrian B Early Dec 30, 2012. 1 Reply 0 Likes
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- John Quincy Adams
The Rich Model does not (have to) use much debt. And when it does use debt, it uses less than assets.
The Poor and Government model uses much more debt than they have assets in place earning income. For example, about 41 % of US government spending is now paid from floating more (T Bill) debt. Debt that they "Quantitatively" Ease their pain in renting.
The financial crisis was started by debt held by deadbeats who could not pay. Part of the cause of this is government and "community organizer" groups forcing banks to make bad loans to "redistribute" the "American Dream" of home ownership. Bribery for political gain.
We need poor, middle class, government, and charities (not just rich and companies) to work on the "endowed" model of paying expenses out of income from assets they own.
Get yourself on that plan.
Deleveraging is not just happening (in most of the world), it is absolutely necessary to restore any semblance of a reasonable domestic economy. The world will continue to move that way whether we lead or not.
The Fair Tax (on consumption not production) will bring back businesses and their income to the US sufficient to pay down our debt (eventually) and get all players in the US economy on (or at least nearer) the "endowed" plan for finances.
Then we can make progress, instead of fuel insolvency for Americans and American institutions.
-ABE
The Fair Tax is NECESSARY to simplify and rationalize government. But not sufficient. It is not all that we need. We also need financial prudence and honesty.
Consider this:
1) The Rich model of finance is used by the rich and by companies.
2) The Poor model of finance is chosen by the poor and our government.
3) The poor pay high interest on their payday loans. Government is a high credit risk borrower that prints money to buy their own debt to make their interest rate borrowing costs low instead of high.
Sometimes that is called stealing or “counterfeiting”.
-ABE
I am reading Rich Dad’s Conspiracy of the Rich: The 8 New Rules of Money by Robert Kiyosaki, also author of Rich Dad, Poor Dad: What the Rich Teach their Kids That the Poor and Middle Class do Not (the bestselling personal finance book of all time). You should read these also.
Kiyosaki said (among other things) this:
While a student in Dr. Buckminster Fuller’s class in 1981, I was disturbed to hear him say, “The primary purpose of government is to be a vehicle for the rich to get their hands into our pockets”.
Disturbing indeed. Think about it.
So, a complicated tax code directed by lobbyists (rich person's lackeys), debauching the currency with (raised limit) debt and "quantitative easing" to pay for it, political payback ("contracts", laws, etc.) favorable to crony big businesses and unions is for the benefit of "rich people".
Come to think of it, our Socialist in Chief seems to be (perhaps I am mistaken?) a great, "highly placed" lobbyist residing right in the white house, performing pick - pocket services for the "the wealthiest Americans and biggest corporations" (the "rich people" he pretends to repeatedly rail against in exactly those words).
We need more and better taxes? Fair Tax folks say no. Hope and change illusionists? You answer.
-ABE
Mr. Obama spent more than allowed by the debt ceiling law. Now HE needs to eat his peas.
Shall we all contact and suggest to our congresspeople (and president) that they fire 90 % of all IRS staff to save "expenditures" and implement the Fair Tax NOW?
Or fire 100 % of IRS and start the new sales tax overview agency with 10 % or less of IRS former head count. The existing agents have hubris and are incapable of giving good "Service".
-ABE
Marv, I really like the article you posted by Charlie Reese. Our government (545 politicians and their hires) do not want to solve problems. Only create them and buy votes running against those messes they caused.
He said:
Not one of these (about 45 different) taxes existed 100 years ago, & our nation was the most prosperous in the world.
We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.
We solved our own problems locally without paying government to do it for us. We had barn or house raisings. Freemasons and "citizens" ran schools in Texas and earlier in the "colonies" (13 states). Not government. Can we do that again?
Gandhi organized a march to the sea to "illegally" make salt rather than buy British salt from their monopoly on that commodity. Non - violent non - cooperation.
Since politicians choose not to serve the citizenry, should a significant group of Americans choose to refrain from filing or paying taxes? Then our 545 masters might figure out a (Fair Tax) way to continue taxing us.
Quiet non - filing and non - paying of income and payroll tax already is massively widespread through barter, etc.
More importantly, can communities support their needs again (as 100 years ago) without federal government "help"? What if we started rebuilding the alternative to uncle Sam? Might politicians again listen to we the people?
-ABE
Volunteers in Minnesota and throughout America:
FairTax supporters should melt down Congresswoman Michele
Bachmann’s phone today if they really want to promote the FairTax.
Yesterday on the Rusty Humphries Show, a national talk show,
she stated the FairTax was great but didn’t think it could pass, and one of the problems was that, many states already have an income tax, and we would be putting a FairTax on top of the state’s income tax!
If anyone knows that they have already let her know that the
FairTax replaces the income tax, then Minnesotans should be twice as
upset with her misinformation and “emphatically express disappointment” with her deceptive political agenda.
Passionate FairTax supporters, stand up against the public misrepresentation of the FairTax!
Marv Kuhn
John, Jamie, and Others:
You might start promoting the Five for FairTax give by cell number. If they text "fairtax" to 95459, people can join the Five for FairTax campaign, or donate larger amounts if they so choose.
Just another way to make it easier for people to show their support for the FairTax, and help us promote it at the same time.
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