Aa
Now I know what is wrong with Congress
There are now 71 openly Socialist members of Congress. They call themselves the Congressional Progressive Caucus. I'm sure you have heard the group 'liberals' substituted with the word ' progressives' in the main stream media dialogue. Now we know why...they have to take baby steps to introduce socialism to America and they have been doing so for decades. It looks to me as though socialism is coming to fruition very quickly now. Soon they will be able to say Socialist quite openly because the majority of the people will be getting "free" gifts from the Federal Government which Obama has promised to rebuild on the backs of the Middle Class people.
If anyone gets offended with that last statement please remember that Obama said it - Im just reminding you....and he didn't say "on our backs" but thats what it will be. He knows he will never get enough money from taxing the elite group of wealthy people in America. But I digress. A quote from article proclaiming the victory of the Congressional Progressive Caucus: " Don’t be fooled by their districts. The Congressional Progressive Caucus (CPC) is not a tiny faction of lawmakers representing radical university towns and well-heeled chardonnay sippers on the Left Coast. With the control of Congress formally shifting to the Democratic Party last month, the CPC is growing in size and influence. It is shifting into high gear and intends to bring its revolutionary vision to all of America."
http://www.humanevents.com/2007/03/13/fringeleft-democrats-wield-new-influence/
I think it's okay to be very afraid now.
If anyone gets offended with that last statement please remember that Obama said it - Im just reminding you....and he didn't say "on our backs" but thats what it will be. He knows he will never get enough money from taxing the elite group of wealthy people in America. But I digress. A quote from article proclaiming the victory of the Congressional Progressive Caucus: " Don’t be fooled by their districts. The Congressional Progressive Caucus (CPC) is not a tiny faction of lawmakers representing radical university towns and well-heeled chardonnay sippers on the Left Coast. With the control of Congress formally shifting to the Democratic Party last month, the CPC is growing in size and influence. It is shifting into high gear and intends to bring its revolutionary vision to all of America."
http://www.humanevents.com/2007/03/13/fringeleft-democrats-wield-new-influence/
I think it's okay to be very afraid now.
I've got no problem with Forbes plan. Seems realistic to me.
Yes, ditch Bernanke and his stifling monetary practices, I agree.
Barb, Sm et al, On re-thinking keeping our money in US banks, really unless we bank at small local banks or credit unions, we have no idea where our money is being used. We can't trust Bank or America, Wells Fargo or Chase to keep our money here to help our country.
Happy Thanksgiving one and all :)
Barb, Sm et al, On re-thinking keeping our money in US banks, really unless we bank at small local banks or credit unions, we have no idea where our money is being used. We can't trust Bank or America, Wells Fargo or Chase to keep our money here to help our country.
Happy Thanksgiving one and all :)
Steve Forbes Surprise: Yes to Higher Tax Rates
Tuesday, 20 Nov 2012 11:34 PM
Steve Forbes offers Obama Democrats a startling piece of advice as they head into budget talks to avoid the so-called ‘fiscal cliff’ – raise taxes to Clinton-era levels but only alongside the former president's policies that strengthened the dollar, loosened economic restrictions and reduced federal spending.
Forbes, who is the editor of Forbes and a leading Republican Party anti-tax advocate, argues in his latest editorial that Bill Clinton’s America had less regulation and bureaucracy and did not take on health care reform as the economy grew.
Forbes argues for the repeal of Obamacare and smaller government, suggesting: “Federal spending as a proportion of the economy was smaller in those days. That would mean budget cuts now of around $500 billion – not spread over ten years, but right now. How likely is that?”
He also suggests it’s time for President Obama to ditch Federal Reserve Chairman Ben Bernanke and his stifling monetary policies. If Obama is serious about prosperity, Forbes writes, “he has to combine Clinton tax rates with the former president’s wise management of the economy that encouraged free enterprise and a true recovery. If not, we will see a return to recession in 2013 and continue on our current path toward European-style malaise and stagnation.”
http://www.newsmax.com/Newsfront/forbes-taxes-clinton-policies/2012/11/20/id/464953?s=al&promo_code=10D8B-1
Tuesday, 20 Nov 2012 11:34 PM
Steve Forbes offers Obama Democrats a startling piece of advice as they head into budget talks to avoid the so-called ‘fiscal cliff’ – raise taxes to Clinton-era levels but only alongside the former president's policies that strengthened the dollar, loosened economic restrictions and reduced federal spending.
Forbes, who is the editor of Forbes and a leading Republican Party anti-tax advocate, argues in his latest editorial that Bill Clinton’s America had less regulation and bureaucracy and did not take on health care reform as the economy grew.
Forbes argues for the repeal of Obamacare and smaller government, suggesting: “Federal spending as a proportion of the economy was smaller in those days. That would mean budget cuts now of around $500 billion – not spread over ten years, but right now. How likely is that?”
He also suggests it’s time for President Obama to ditch Federal Reserve Chairman Ben Bernanke and his stifling monetary policies. If Obama is serious about prosperity, Forbes writes, “he has to combine Clinton tax rates with the former president’s wise management of the economy that encouraged free enterprise and a true recovery. If not, we will see a return to recession in 2013 and continue on our current path toward European-style malaise and stagnation.”
http://www.newsmax.com/Newsfront/forbes-taxes-clinton-policies/2012/11/20/id/464953?s=al&promo_code=10D8B-1
I think if someone who knew nothing about this country came to this board and read some of these threads, because of whats often said, they'd believe that it is only the Republicans in this country that are wealthy.
With Romney.... everyone was having a $hit fit over his money and him "being able to do what he wants because he's so rich". When you point out the fact that 6 of the 10 richest senators in this country are just as near as wealthy (or more wealthy, for that matter) are democrats.... the conversation grinds to a halt or the subject matter changes.
Wealth runs across party lines. The very things that some of us here dislike about the Republicans are the very same things the wealthy Democrats are doing. It's okay people....just realize it and move along.
Take this nations financially elite, the philanthropists who give so freely of their money and time to organizations and causes too numerous to name, out of the equation and you're going to face a $hit storm like you've never seen. It would be the demise of probably every non-profit that helps the un/under employed, and that alone would contribute to the gap between the rich and poor and create more animosity..... If the rich quit giving, where will that money come from, and who will suffer?
People having money in an off shore account isn't close to the problem here. Pick another cause.... It's legal..... American businesses going over seas is much closer to the heart of the problem, so we need to figure out why businesses are leaving and get them to come back here and set up shop.
Profit, as much as you may dislike the term, is what drives this economy. If a producer cannot generate revenue, they close down shop and that equals less jobs. More and more jobs going over seas is less and less jobs here.
That is why I thought we elected these wonderful government officials. To help America prosper in every sense of the word.
With Romney.... everyone was having a $hit fit over his money and him "being able to do what he wants because he's so rich". When you point out the fact that 6 of the 10 richest senators in this country are just as near as wealthy (or more wealthy, for that matter) are democrats.... the conversation grinds to a halt or the subject matter changes.
Wealth runs across party lines. The very things that some of us here dislike about the Republicans are the very same things the wealthy Democrats are doing. It's okay people....just realize it and move along.
Take this nations financially elite, the philanthropists who give so freely of their money and time to organizations and causes too numerous to name, out of the equation and you're going to face a $hit storm like you've never seen. It would be the demise of probably every non-profit that helps the un/under employed, and that alone would contribute to the gap between the rich and poor and create more animosity..... If the rich quit giving, where will that money come from, and who will suffer?
People having money in an off shore account isn't close to the problem here. Pick another cause.... It's legal..... American businesses going over seas is much closer to the heart of the problem, so we need to figure out why businesses are leaving and get them to come back here and set up shop.
Profit, as much as you may dislike the term, is what drives this economy. If a producer cannot generate revenue, they close down shop and that equals less jobs. More and more jobs going over seas is less and less jobs here.
That is why I thought we elected these wonderful government officials. To help America prosper in every sense of the word.
No, it is NOT healthy for anyone teko, you're right. You have people on one side making assumptiions that everyone who is poor is just lazy, then you have people on the other side who demonize people who have done well for themselves. I guess that's human nature, to some degree, but it's a shame.
I HONESTLY think we're our own worst enemy a lot of times. If the US is making it impossible to produce products here affordably, and if the banking system doesn't improve, become more secure, and start offering better incentives, it's a no brainer we're going to continue to lose to overseas interests. Our leaders need to wake up, and rather than pointing the finger at people taking their money/business elsewhere, find out WHY, and fix it. Global trading/investing is always going to be an intregal part of our success, but it can be improved as well.
I remember having a savings acct (passbook) for my kids that would earn somewhere around 6%. That's unheard of now. I'm not ancient, I'm 40, so it's not like I'm gauging these changes over a lifetime of 80 years. It's sad.
This is a good time to be thankful for what we DO have, I know I am. My hubby works SO hard for us, and while I appreciate him so much, I know I don't say it enough. It shouldn't take Thanksgiving to make me aware of that. In such a busy and hectic life, it's important for all of us, that while we don't have all the answers, and while there are some scary things going on in the world, we should be grateful for the things we're blessed with...family, friends, a roof over our heads, our health (those of us that have it).
I want a stronger, better America. I'm very proud to be an American, and I KNOW we can do So so so much better. I pray that our leaders wake up, toss the party line, and get back to fixing the things that are messed up.
I wish you ALL a Happy Thanksgiving, my friends. May you enjoy love and blessings, tomorrow, and always.
I HONESTLY think we're our own worst enemy a lot of times. If the US is making it impossible to produce products here affordably, and if the banking system doesn't improve, become more secure, and start offering better incentives, it's a no brainer we're going to continue to lose to overseas interests. Our leaders need to wake up, and rather than pointing the finger at people taking their money/business elsewhere, find out WHY, and fix it. Global trading/investing is always going to be an intregal part of our success, but it can be improved as well.
I remember having a savings acct (passbook) for my kids that would earn somewhere around 6%. That's unheard of now. I'm not ancient, I'm 40, so it's not like I'm gauging these changes over a lifetime of 80 years. It's sad.
This is a good time to be thankful for what we DO have, I know I am. My hubby works SO hard for us, and while I appreciate him so much, I know I don't say it enough. It shouldn't take Thanksgiving to make me aware of that. In such a busy and hectic life, it's important for all of us, that while we don't have all the answers, and while there are some scary things going on in the world, we should be grateful for the things we're blessed with...family, friends, a roof over our heads, our health (those of us that have it).
I want a stronger, better America. I'm very proud to be an American, and I KNOW we can do So so so much better. I pray that our leaders wake up, toss the party line, and get back to fixing the things that are messed up.
I wish you ALL a Happy Thanksgiving, my friends. May you enjoy love and blessings, tomorrow, and always.
I dont know that much about investments personally, I have never been fortunate enuff to get a stash big enuff to start investing it. I do agree that one is responsible for doing the best they can in life to take care of ones self. I have wealthy siblings that do invest and live off the interest of those investments. I guess when you can go out and purchase with cash, two matching lexus cars, your considered to have money. That is what my niece did and I dont begrudge her that nor do I begrudge the wealthy people I work for. But the people I work for do not look down their noses at those who are not as fortunate as them either. I really dont like this war between the haves and the have nots that has been going on. Im not sure how it ever got started in the first place, but it sure aint healthy for any of us.
The gap is too wide and it should not be imo. How to resolve that is why we elect leaders to do the right thing. Im not smart enuff to figure it all out.
The gap is too wide and it should not be imo. How to resolve that is why we elect leaders to do the right thing. Im not smart enuff to figure it all out.
"And yes Barb, it should be illegal, but there's no way to do it without the world economy collapsing. "
"If you want our country to prosper, than you keep your money here."
"If you complain about the finances of this country, then know how your money being in an overseas account may contribute to the problem."
I know these comments were made by 2 different people, but aren't they something of a double standard? Isn't the world economy, somewhat dependent on ours and ours on it?
On one hand, keeping our money here is best, but if we do, we'll destroy the world economy; yet putting money in offshore accounts and/or investing in foreign companies (and making money), is somehow obscene. It can't be both ways...........
There are a lot of people who have investments in foreign entities, via mutual funds and they don't even know it. That, in no way, makes them bad people or selfish. I'm even older than SM and I don't have a lot of investments; my money is right here in the good ole US of A and I don't see that that's done a lot to help our economy (of course, it's only "pocket change" for many).
It seems that when people work hard and do a good job managing their money, they are made out to be "bad guys", because there are still poor people....... there has always been, and there will always be, poor people; some through no fault of their own (illness, handicaps, etc), others because they squander what they make. It's not up to those who work hard, save and invest to take care of those who could work hard, save and invest, but choose not to. It's only right to care for those who can't (vs won't) care for themselves and nobody is begrudging that care.
"If you want our country to prosper, than you keep your money here."
"If you complain about the finances of this country, then know how your money being in an overseas account may contribute to the problem."
I know these comments were made by 2 different people, but aren't they something of a double standard? Isn't the world economy, somewhat dependent on ours and ours on it?
On one hand, keeping our money here is best, but if we do, we'll destroy the world economy; yet putting money in offshore accounts and/or investing in foreign companies (and making money), is somehow obscene. It can't be both ways...........
There are a lot of people who have investments in foreign entities, via mutual funds and they don't even know it. That, in no way, makes them bad people or selfish. I'm even older than SM and I don't have a lot of investments; my money is right here in the good ole US of A and I don't see that that's done a lot to help our economy (of course, it's only "pocket change" for many).
It seems that when people work hard and do a good job managing their money, they are made out to be "bad guys", because there are still poor people....... there has always been, and there will always be, poor people; some through no fault of their own (illness, handicaps, etc), others because they squander what they make. It's not up to those who work hard, save and invest to take care of those who could work hard, save and invest, but choose not to. It's only right to care for those who can't (vs won't) care for themselves and nobody is begrudging that care.
OH, you know I've always liked you and I really enjoyed your post here. Partly because it is so very true that in a place like the CE where you take "a side" it is very easy to jump to conclusions about people or see them as black and white when in reality we are all grey. We all believe things in varying degrees but when we write, it can come off as only seeing things one way. I'm sure the misconceptions about me and my belief system are pretty huge based on how I write things in the heat of the moment here.
I want to clarify that I don't have any money outside the us per se, I invest with an American mutual fund company that has some global funds in its mix. I have probably 10+ mutual funds with the same company American based company. Each fund is a little different with the premise that you pool your money with others and the risk is spread across many companies so you are safer (I guess. . . in all honesty, money/finances are NOT my thing and my eyes glaze over whenever anyone tries to seriously talk to me about it. My husband likes it.)
We are not rich people. Yes, we are lucky enough. I worked for many years and we didn't have kids until later which helped us put away a nest egg (the investments I speak of) because we've always lived on as little as possible. Lately we haven't been able to save a whole lot but still try.
Eee gads. I'm going on and on. Sorry.
Happy thanksgiving to you and your family OH>
I want to clarify that I don't have any money outside the us per se, I invest with an American mutual fund company that has some global funds in its mix. I have probably 10+ mutual funds with the same company American based company. Each fund is a little different with the premise that you pool your money with others and the risk is spread across many companies so you are safer (I guess. . . in all honesty, money/finances are NOT my thing and my eyes glaze over whenever anyone tries to seriously talk to me about it. My husband likes it.)
We are not rich people. Yes, we are lucky enough. I worked for many years and we didn't have kids until later which helped us put away a nest egg (the investments I speak of) because we've always lived on as little as possible. Lately we haven't been able to save a whole lot but still try.
Eee gads. I'm going on and on. Sorry.
Happy thanksgiving to you and your family OH>
"Sometimes OH, I think you'd be happy in a utopian society and the very idea of some being poor (through their lack of effort . . . and that IS the case for some) while some are rich (no matter that it was through their OWN effort) is unethical to you. "
I understand how you can think this from reading my words here.
You are right, I would love to live in an utopian society. My ideal would be a world which is self sustaining,with clean air, healthy food, no war, a place where people share and care.
However, "the idea that some are poor through no lack of effort and others are rich is unethical to me . " Isn't true. I don't find it unethical but I can understand how you could think that by what I sometimes write.
I don't believe in Socialism ( except for things like the library system) because it isn't real and it doesn't work.
There are inequalities in the world, in nature. Its factual and actual.
What bothers me is not that there is a gap between the rich and the poor but that the gap has grown so huge with the smallest 1% of 1% gobbling up all while many have none.
As far as you or anyone else for that matter, doing what they want with their money, I say, just be aware. That's what I aim for, awareness.
If you complain about the finances of this country, then know how your money being in an overseas account may contribute to the problem.
Hope you have a happy Thanksgiving. I'm off tomorrow to see my mom:)
I understand how you can think this from reading my words here.
You are right, I would love to live in an utopian society. My ideal would be a world which is self sustaining,with clean air, healthy food, no war, a place where people share and care.
However, "the idea that some are poor through no lack of effort and others are rich is unethical to me . " Isn't true. I don't find it unethical but I can understand how you could think that by what I sometimes write.
I don't believe in Socialism ( except for things like the library system) because it isn't real and it doesn't work.
There are inequalities in the world, in nature. Its factual and actual.
What bothers me is not that there is a gap between the rich and the poor but that the gap has grown so huge with the smallest 1% of 1% gobbling up all while many have none.
As far as you or anyone else for that matter, doing what they want with their money, I say, just be aware. That's what I aim for, awareness.
If you complain about the finances of this country, then know how your money being in an overseas account may contribute to the problem.
Hope you have a happy Thanksgiving. I'm off tomorrow to see my mom:)
If you want our country to prosper, than you keep your money here.
Think about it...there's little incentive (in some cases) to keep money here. Look at the example of my husband's friend who wanted to go with an American made product...not only did he find out it was going to hinder his production, it was actually impossible.
If you won the lotto tomorrow, $250,000, and you could earn 1% in an American bank, and 10% in a Cayman bank, you're telling me you would choose the American bank out of principle? (If you say yes, I may give you many winkie faces...lol) If this country wants people to keep their money here, they need to make it more lucrative to do so. You can call that greed, I call it looking out for one's own financial well being.
You already have wealthy people taking their money elsewhere for this very reason, THEN you're going to make them pay more in taxes, what do you think is going to happen? They're going to keep even less money here. That's counterproductive.
Hey, it would be great if, out of principle, people could choose "American", but it often doesn't benefit people, and people HAVE to look out for their own interests..if people stopped doing that, you have even MORE people who cannot sustain themselves, and who may eventually become dependent on gov't help.
Think about it...there's little incentive (in some cases) to keep money here. Look at the example of my husband's friend who wanted to go with an American made product...not only did he find out it was going to hinder his production, it was actually impossible.
If you won the lotto tomorrow, $250,000, and you could earn 1% in an American bank, and 10% in a Cayman bank, you're telling me you would choose the American bank out of principle? (If you say yes, I may give you many winkie faces...lol) If this country wants people to keep their money here, they need to make it more lucrative to do so. You can call that greed, I call it looking out for one's own financial well being.
You already have wealthy people taking their money elsewhere for this very reason, THEN you're going to make them pay more in taxes, what do you think is going to happen? They're going to keep even less money here. That's counterproductive.
Hey, it would be great if, out of principle, people could choose "American", but it often doesn't benefit people, and people HAVE to look out for their own interests..if people stopped doing that, you have even MORE people who cannot sustain themselves, and who may eventually become dependent on gov't help.
Well, may be desrt. However, most anyone that has investments of any sort will have something global for diversification. I have all my mutual funds with one company (which has America in its name) and within that, there are different funds. Some are global and what is in them change on and off based on what the fund manager does. (I guess . . . from what i understand).
I'm not some rich lady here . . . my dad was a saver and an invester of what he saved. Go figure that I married a man very much like this. He has my two boys earn money, save it in a bank, when the bank is full--- they take a third to the bank, a third goes to our church or if something is going on at school charity wise and they get to use the last third to buy something for themselves. They go to the bank and go through the whole process. And he had them each buy some shares of stock in a company that is headquartered here in our city. (my kids are 8 and 7).
I think some here would think that my husband is teaching my boys to be greedy but I'm happy that my kids are exposed to a tried and true method of being secure financially. I want that for them. And they may get a smaller 'toy' that they buy themselves but we show them how their bank account is growing instead. They are learning the trade off.
Well, anyway, I guess it is differences of opinion about these issues.
If they take away the ability to keep money in offshore accounts, I can live with that. But some other things proposed to make the wealthy pay more will hit a lot more than just the wealthy.
I'm not some rich lady here . . . my dad was a saver and an invester of what he saved. Go figure that I married a man very much like this. He has my two boys earn money, save it in a bank, when the bank is full--- they take a third to the bank, a third goes to our church or if something is going on at school charity wise and they get to use the last third to buy something for themselves. They go to the bank and go through the whole process. And he had them each buy some shares of stock in a company that is headquartered here in our city. (my kids are 8 and 7).
I think some here would think that my husband is teaching my boys to be greedy but I'm happy that my kids are exposed to a tried and true method of being secure financially. I want that for them. And they may get a smaller 'toy' that they buy themselves but we show them how their bank account is growing instead. They are learning the trade off.
Well, anyway, I guess it is differences of opinion about these issues.
If they take away the ability to keep money in offshore accounts, I can live with that. But some other things proposed to make the wealthy pay more will hit a lot more than just the wealthy.
One of the problems with global investments, and our whole concept of a global economy today, is the necessity of being a global military power to protect our interests. We sorta can't afford that right now, especially as some of our creditors/trading partners have the same ambitions.
The grandstanding in Burma and Cambodia about how much we looooove democracies, is more of the same that we've heard from every administration since the Banana Republics. We've never cared if the name was Gandhi or Pinochet as long as it was a safe place to invest.
The grandstanding in Burma and Cambodia about how much we looooove democracies, is more of the same that we've heard from every administration since the Banana Republics. We've never cared if the name was Gandhi or Pinochet as long as it was a safe place to invest.
Well, I have a hard time knowing what is involved in my mutual funds but some are indeed global. I've diversified.
You can talk about greed, it doesn't bother me. I'm not greedy. And I don't think people that want to keep what they earn are greedy.
My goal? To be able to live without any financial help of anyone when I/my husband retires and to have a little something left over for my boys when we pass as I'm an old mom and they will lose me young (ish).
So, you can call me greedy any day of the week but I know the truth. I am taking care of my families needs.
Sometimes OH, I think you'd be happy in a utopian society and the very idea of some being poor (through their lack of effort . . . and that IS the case for some) while some are rich (no matter that it was through their OWN effort) is unethical to you. I don't agree with that. And if the poor can't strive to be rich through their own efforts---- they'll never be motivated to do so. (and I am NOT a 'rich' lady. I'm comfortable some days and scrimping pennies others. and I will tell you that I do know first hand that you don't know what life will bring you and things can drastically change. Such is life in my opinion as I've been a victem to BIG changes as well.)
We see things differently. I'm okay with that if you are.
You can talk about greed, it doesn't bother me. I'm not greedy. And I don't think people that want to keep what they earn are greedy.
My goal? To be able to live without any financial help of anyone when I/my husband retires and to have a little something left over for my boys when we pass as I'm an old mom and they will lose me young (ish).
So, you can call me greedy any day of the week but I know the truth. I am taking care of my families needs.
Sometimes OH, I think you'd be happy in a utopian society and the very idea of some being poor (through their lack of effort . . . and that IS the case for some) while some are rich (no matter that it was through their OWN effort) is unethical to you. I don't agree with that. And if the poor can't strive to be rich through their own efforts---- they'll never be motivated to do so. (and I am NOT a 'rich' lady. I'm comfortable some days and scrimping pennies others. and I will tell you that I do know first hand that you don't know what life will bring you and things can drastically change. Such is life in my opinion as I've been a victem to BIG changes as well.)
We see things differently. I'm okay with that if you are.
If you want our country to prosper, than you keep your money here.
Don't complain about the state of our country if you don't care where your money is or who it is benefiting as long as your getting yours.
Does it matter to you if the bank took your investment and used it to have child slave labor working in diamond mines in Africa ?
You don't like it when I say it, but the central problem we face is greed including and perhaps especially our own.
Don't complain about the state of our country if you don't care where your money is or who it is benefiting as long as your getting yours.
Does it matter to you if the bank took your investment and used it to have child slave labor working in diamond mines in Africa ?
You don't like it when I say it, but the central problem we face is greed including and perhaps especially our own.
Should it be illegal to have global investments? I have mutual funds that invest in foreign enterprise/corporations, etc. ---- should I not have those? Oh, do I not have to pay taxes on those?
Because someone says they don't like it--- I don't know if that means that others have to adhere to that if what they are doing is legal. It does not make them cheats or theives.
Because someone says they don't like it--- I don't know if that means that others have to adhere to that if what they are doing is legal. It does not make them cheats or theives.
If you earn a dollar in this country, whether by owning stock in Wal-Mart or by doing pick and shovel in a ditch, chances are, an American paid you that dollar.
Now, let's leave the whole tax issue aside. If you don't see the value of educating the generation that will be paying your social security or you resent buying a back brace for the guy stocking the shelves at said Wal-Mart, that's a whole other issue.
Instead, just think of the consequences of taking that dollar out of circulation in this country and letting it work for a foreign bank.
Now, multiply that by several trillions.
And yes Barb, it should be illegal, but there's no way to do it without the world economy collapsing.
Now, let's leave the whole tax issue aside. If you don't see the value of educating the generation that will be paying your social security or you resent buying a back brace for the guy stocking the shelves at said Wal-Mart, that's a whole other issue.
Instead, just think of the consequences of taking that dollar out of circulation in this country and letting it work for a foreign bank.
Now, multiply that by several trillions.
And yes Barb, it should be illegal, but there's no way to do it without the world economy collapsing.
I think that wanting to save yourself tax money is not a crime nor a sin. No one has to agree with me. And if people see other countries as a better place to keep their money and they legally place their money there, we should call them tax evaders and theives?
But, not everyone who utilizes off shore bank accts are tax evaders. There are MANY advantages to having them...ease of withdrawaling and depositing money, more security (especially with our sometimes unstable banking system...and the fact that they typically will only insure up to a certain amt). If you have multi million dollars, you aren't going to your local branch in town. Not to mention, there is more potential for earning, savings wise. Open a savings acct here, you'll be lucky to get 1.5% interest back...overseas, the return is much higher.
If the accounts are reported (like Romney's), he's not hiding anything, and he would still have to pay taxes on income going into those accounts. He would just get more breaks and benefits that he wouldn't get here. His money in those accounts is reported. He (just as an example) didn't do anything illegal.
If the accounts are reported (like Romney's), he's not hiding anything, and he would still have to pay taxes on income going into those accounts. He would just get more breaks and benefits that he wouldn't get here. His money in those accounts is reported. He (just as an example) didn't do anything illegal.
Desrt referred to tax evaders who hide their money off shore.
I don't care if you keep your money on an offshore island or in jars buried in the back yard. But when you have multimillionaires not paying taxes because of where they hide their money, and teachers aren't being paid, bridges aren't getting repaired, then that is problematic, don't ya think?
I don't care if you keep your money on an offshore island or in jars buried in the back yard. But when you have multimillionaires not paying taxes because of where they hide their money, and teachers aren't being paid, bridges aren't getting repaired, then that is problematic, don't ya think?
I am sorry but I do not think the expectation of wealthy who have more should want to give it over just because they have it. Yes, pay your fair share but they should be able to take advantage of any tax breaks that I do. And I personally don't enjoy capital gains taxes and things like that. Some people live off that earned income from investments at some point and as I said, every dollar I fork over is one less I have to sustain myself.
No, I didn't think you were referring to me but I'm of the same mind set as those that have the accounts overseas in that I'd like to hang onto my money.
If it's so horrible to have money in offshore accounts, why isn't that made illegal?
It is only the wealthy who can hide their tax dollars in offshore accounts. This makes it harder on the poor. There is only so much wealth to go around and when someone makes more in one day off of their interest, than many make in a year, and hide their money offshore as to not pay taxes something is broken with the system.
Personally being the anti-war person I am, I think this is where we need to stop sending our money. I don't want one dime of mine to go to making drones.
BTW:
Has anyone wondered about all that super pac money that was spent ?
Where did it go ? Did the hidden corporate donor make ads, spending millions at a company he already owns ? Did the money go out of one pocket and into another ?
Personally being the anti-war person I am, I think this is where we need to stop sending our money. I don't want one dime of mine to go to making drones.
BTW:
Has anyone wondered about all that super pac money that was spent ?
Where did it go ? Did the hidden corporate donor make ads, spending millions at a company he already owns ? Did the money go out of one pocket and into another ?
Hey buddy, you can dole it out yourself too so, dont instigate, leave it.
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